SAP Final Exam | Questions and Correct Solutions | Latest Update 2024/2025 | Graded A+

SAP Final Exam | Questions and Correct Solutions | Latest Update 2024/2025 | Graded A+ General Ledger (FI)* - Answer -company's set of books and chart of accounts. Income Statement (FI)* - Answer -reports the profitability of the enterprise for a given period of time. Journal Entry (FI)* - Answer -contain information such as the general ledger account number, the short text (the name of the general ledger account), whether this line item is a debit or credit must equal, the amount, and other information as needed. Reconciliation Account (FI)* - Answer -ensures real-time integration of a sub-ledger or subsidiary ledger account with the general ledger that has an account type of reconciliation. Subsidiary Ledger (FI)* - Answer -to track the transaction with the specific customer for the specific transaction and "rolls up" or automatically updates the accounts receivable general ledger. Assets and Expenses (FI) - Answer -Debit Revenue and Liabilities (FI) - Answer -CreditSecondary Cost Element (CO)* - Answer -allocations and settlements between and amongst cost objects and allow us to change the identity of a cost as we move it between different cost objects. Cost Center (CO)* - Answer -is a piece of master data representing a clearly delimited area of responsibility where costs occur. Statistical Key Figure (CO)* - Answer -provide the foundation for accurate and effective cost allocations between various cost objects. Activity Types (CO)* - Answer -are the productive output of t