S4F12 - Unit 4 (Managing posting periods)

Question 1

During fiscal year closing, two period intervals must be open at the same time. For this reason, you can enter two period intervals in the posting period table (Interval 1 and 2).

1. Between these two period intervals, which is recommended to be used for the following:
   >For posting processes in regular periods
   >Postings in special periods
2. What is the difference between these period intervals?

Answer 1

1.
>Interval 1:
For posting in special periods

> Interval 2:
For posting processes in regular periods

2. For interval 1, it is possible to assign a group of authorized users. This means for month or year end closing, you can open posting periods for specific users only. This is why it is recommended that interval 1 is used for posting in special periods.

Question 2

What is the period interval 3 used for?

Answer 2

It is used for posting from Controlling (CO) to Financial Accounting (FI). If the third interval is not filled the entries for interval 1 and 2 are also valid for these postings.

Question 3

A fiscal year variant defines the number of periods in the fiscal year.

Determine whether this statement is true or false.

Answer 3

True.

Posting periods are defined in the fiscal year variant.