Home └KUT: GL310 – Year End Closing └IB_C_KUT_FI_GL_GL310_Key_User_Training Document V1.0_20211222

KUT: GL310 – Year End Closing

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IB_C_KUT_FI_GL_GL310_Key_User_Training Document V1.0_20211222

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GL KUT YearEnd
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1. Which Transaction Code cannot display Balance Carryforward?
S_ALR_87012277 FAGLB03 FK10N FN10D
2. How to check fiscal year opened by the fiscal year change?
Transaction code FD10N with Highest F.Year field Transaction code FAA_CMP with Highest F.Year field Transaction code FK10N with Highest F.Year field Transaction code FAGLGVTR with Highest F.Year field
3. Which G/L Account balance will be carried forward to the next year?
5101010000 6101010010 1101010000 4101010010
4. Which G/L Account carry forward to the retained earnings account?
All answer is correct 6101010010 5101010000 4101010010
5. What information do not enter in Balance Carryforward transaction?
Carry Forward to Fiscal Year Company Code Ledger Document Date
6. If the current year is 2022, what year is entered in Carryforward to fiscal year field?
2024 2023 2022 2021
7. What is next step after Balance Carryforward?
A and B are correct C: AP and AR Balance Carryforward B: Asset Year End closing Process A: Commitment and budget Forward Process
8. What step is do AP and AR Balance Carryforward?
Year End Closing AR/AP Foreign Currency Valuation Posting Document Balance Carry forward
9. Balance Carryforward is done after which month end closing
Period 16 Period 13 Period 12 Period 1
10. What is Balance Carry forward?
All answer is correct Open new Asset fiscal year Balance sheet account will be carried forward with the original account Close off profit and loss account balances to the balance sheet account of Retained Earnings