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Configuring the Record-to-Report Process in SAP S/4HANA
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Exploring the Balance Validation Process
Configuring Key Elements of the Record-to-Report Process
Maintaining the Chart of Accounts
35 mins
Activating or Resetting Open Item G/L Accounts
12 mins
Configuring the Account Determination
13 mins
Creating Document Types
12 mins
Managing Document Numbering
8 mins
Creating Field Status Groups
14 mins
Configuring Reversal Reasons
9 mins
Setting Up Tax Codes
17 mins
Quiz
Understanding and Configuring Extension Ledgers
Performing Advanced Valuation
Introducing Advanced Valuation
10 mins
Discounting of Long-Term Assets and Liabilities
15 mins
Revaluating Advanced Foreign Currency
10 mins
Accessing Customer Credit Rating using Risk-Based Impairment
10 mins
Reclassifying the Balance Sheet
15 mins
Configuring Advanced Valuation
15 mins
Quiz
Exploring the Balance Validation Process
Understanding the Balance Validation Process
15 mins
Using Manage Global Hierarchies for Balance Validation
10 mins
Using Custom Fields for Balance Validation
5 mins
Identifying the Requirements Necessary for Creating Custom Fields for Balance Validation Rules
5 mins
Quiz
Managing Balance Validation Rules and Groups
Executing Balance Validation
Knowledge quiz
It's time to put what you've learned to the test, get 6 right to pass this unit.
1.
What is the purpose of Balance Validation process?
Choose the correct answer.
To identify and promote successful employees.
To validate a company's market share.
To ensure the accuracy of financial balances during the period-end close process.
To increase the company's profits.
2.
Why might a user require authorization to access the data of the Balance Validation Results?
Choose the correct answer.
To view details specific to certain data, such as a Cost Center or Company Code.
To change the data of the Balance Validation Results.
To prevent other users from deleting data.
3.
Which of the following are steps in the Balance Validation process? (3 correct answers)
There are three correct answers.
Implementing Financial Regulation
Viewing Validation Results
Executing Validation Groups
Defining Validation Rules and Groups
4.
What can be utilized to create hierarchies for Balance Validation Rules?
Choose the correct answer.
Only General Ledger Accounts
Only Master Data Hierarchies
Only Financial Statement Versions
General Ledger Accounts or the Master Data Hierarchies
5.
What does a user require to process tasks in the Balance Validation functionality?
Choose the correct answer.
Authorizations from the System Analyst or System Security personnel.
Cost Center and Company Code information.
A Balance Validation result.
6.
What is a prerequisite for custom fields to be used in Balance Validation?
Choose the correct answer.
Custom fields must have been created in one of the following business contexts: Accounting: Market Segment, Accounting: Coding Block, Accounting: Journal Entry Item.
Custom fields must have been created in any business context.
Custom fields must be older than one year.
7.
Which of the following Master Data Hierarchies can be used in Balance Validation Rules?
Choose the correct answer.
Cost Center Hierarchy
Profit Center Hierarchy
G/L Account Hierarchy
All of the above