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Unit Three Valuation and Accounting Assignment Study Guide

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Unit Three Valuation and Accounting Assignment Study Guide

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Unit Three: Valuation and Account
Assignment
What is account determination? - CORRECT ANSWER-Automatic account
determination is a procedure applied to accounting-relevant transactions and is used to
identify the G/L accounts to which it makes postings without any user intervention.

What is a posting key? - CORRECT ANSWER-1. Defines whether a posting is a credit
or debit
2. Defines type of account
3. Field selection

Account Determination - CORRECT ANSWER-You must set account determination for
each chart of accounts separately because the meaning of individual G/L accounts
depends on the chart of accounts. In addition, set up automatic postings as a function of
the valuation area for which the transaction is recorded.

Influencing factors for account determination - CORRECT ANSWER-- Chart of accounts
- Valuation area (company code and plant)
- Material--valuation class
- Material type--account category reference
-Transaction/event

Automatic postings - CORRECT ANSWER-1. You can also set up automatic postings
as a function of the material and the relevant material type for which a transaction is
record
2. You can also set up automatic, depending on the specific transaction or event that
leads to an update in the accounting system

The SAP system determines the G/L account based on the following data - CORRECT
ANSWER-1. organizational level
2. material
3. business transaction

Organizational level - CORRECT ANSWER-a. The company code to which the plant
belongs and the chart of accounts for this company code
b. The valuation area to which the plant is assigned and a key that can be used for
differentiated account number assignment per valuation area




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