SAP Exam P_S4FIN_2021 Topic 2 Question 51 Discussion

Actual exam question for SAP's P_S4FIN_2021 exam

Question #: 51
Topic #: 2

[All P_S4FIN_2021 Questions]

On which levels can you assign semantic tags to a financial statement version in SAP Fiori?Note: There are 3 correct answers to this question.

AFinancial statement item

BFunctional area

CBusiness area

DG/L account

ESegment

Show Suggested Answer

Suggested Answer: C

by Glenna at Sep 07, 2024, 05:00 PM

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Yuonne

6 months ago

That's a good point, maybe B is the better option after all.

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Kristel

6 months ago

I'm voting for option C. Gotta keep those ledgers nice and tidy, you know? Hey, at least we're not talking about derivatives - those things are scarier than a currency exchange on a bad day!

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Dana

5 months ago

Derivatives can definitely be tricky, but at least we have a handle on foreign currency valuation!

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Laine

5 months ago

Yeah, having separate valuation areas and accounting principles for each GAAP makes sense.

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Bette

5 months ago

I agree, option C seems like the best way to keep everything organized.

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Rosita

6 months ago

I think B makes more sense, it's simpler and more straightforward.

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Princess

6 months ago

Option C is definitely the way to go. Just make sure you don't mix up your valuation areas - that would be a real currency crisis!

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Bok

6 months ago

But wouldn't defining two valuation areas and two accounting principles be too complex?

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Glendora

6 months ago

I'm not an accountant, but option C sounds like it would give you the most flexibility to manage the different GAAP requirements. Plus, who doesn't love a good 'ol valuation area?

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Levi

5 months ago

B) Define a valuation area and an accounting principle with relevant links to ledgers.

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Nichelle

5 months ago

That's a good point, having two valuation areas does seem like it would offer more flexibility.

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Shaunna

6 months ago

C) Define two valuation areas and two accounting principles with relevant links to ledgers.

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Stephanie

6 months ago

A) Define two valuation methods and assign the accounting principles to the new valuation methods

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Jacki

6 months ago

Option A sounds a bit too simple. I'm leaning towards C as well - it seems to cover all the bases for handling the different valuation requirements.

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Coleen

5 months ago

Definitely, it's important to have separate setups for local and international GAAP to ensure accurate valuation.

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Fernanda

5 months ago

I agree, having two valuation areas and two accounting principles seems like the most comprehensive approach.

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Hyun

6 months ago

I think C is the best option here. It covers all the bases for handling different valuation requirements.

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Yuonne

6 months ago

I disagree, I believe it's C.

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Bok

7 months ago

I think the answer is A.

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Mari

7 months ago

I think option C is the way to go. Defining two valuation areas and two accounting principles with relevant links to ledgers seems like the most comprehensive approach.

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Reed

6 months ago

I think option B could also work, by defining a valuation area and an accounting principle with relevant links to ledgers.

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Colene

6 months ago

I agree, option C does seem like the most comprehensive approach.

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