It’s time to put what you’ve learned to the test, get 7 questions right to pass this unit.
Q1.
When goods are sold between profit centers, inter profit center revenue and cost are generated. You can eliminate intercompany revenue and cost for consolidation units and profit centers at the same time.
Choose the correct answer.
A
True
B
False
Q2.
Elimination entities are determined by the first common parent in hierarchies. What hierarchy can be used to determine the first common parent?
Choose the correct answer.
A
Consolidation group hierarchy
B
Consolidation unit hierarchy
C
Profit center eliminated hierarchy
Q3.
When goods are sold between companies, intercompany revenue and cost is generated. Intercompany Revenue and Cost eliminations typically use a one-sided approach.
Choose the correct answer.
A
True
B
False
Q4.
Which of the following challenges do companies face with an increase in the number of mergers and acquisitions?
Choose the correct answer.
A
A disrupted visibility of the reconciliation process between legal entities and subsidiaries.
B
An increased communication between legal entities and subsidiaries, which makes it challenging to maintain data security between the legal entities and subsidiaries.
C
A lack of transparency between legal entities and subsidiaries, which makes it complicated to reconcile intercompany transactions between the legal entities and subsidiaries.
Q5.
At ABC Corporation, you have many intercompany transactions to eliminate. Which of the following describes intercompany eliminations?
There are 3 correct answers.
A
The objective is to eliminate any transactions between the consolidation units so that there are only transactions with 3rd parties left after the consolidating entries.
B
SAP S/4HANA Finance for group reporting uses the eliminations business rule.
C
SAP S/4HANA Finance for group reporting can use reclassification methods for intercompany eliminations.
D
Offset accounts can be determined based on the FS Item elimination attribute.
Q6.
You’re reporting on intercompany data and matrix eliminations is active. To achieve the consolidation view, what dimension would you use?
There are 2 correct answers.
A
Consolidation unit
B
Consolidation unit eliminated
C
Profit center eliminated
D
Profit center
Q7.
You can use a reclassification method or the Intercompany Matching and Reconcilation (ICMR) integreted elimination. Why would a corporation use the ICMR elimination task?
Choose the correct answer.
A
The IC Elim Balance Sheet ICMR task uses reclassification methods
B
The IC Elim Balance Sheet ICMR task breaks down true vs. currency and timing-related differences.
C
The IC Elim Balance Sheet ICMR task eliminates the data when matching
Q8.
You're resolving intercompany differences. When matching items, what processing status generates a communication message?