New GL FAQs

1. In New GL, how would you incorporate companies with different fiscal years if you wanted to assign them to the same controlling area?
A. Create company codes with the same fiscal year variant and assign the company codes that have a different fiscal year to non-leading ledgers with the appropriate fiscal year variant.
2. What are the necessary elements required to create a customer-specific drilldown report for New General Ledger Accounting?
A. Form and Characteristics.
3. How many possibilities are possible with New General Ledger? Choose all that apply.
A. Account balancing with any characteristic
B. Customer Fields Extensibility
C. Segment Reporting
D. Reduction of Total Cost of Ownership
E. Transparency and Uniformity
(All are correct)
5. What are the advantages of using the New General Ledger? Choose all that apply.
A. Extended data structure
B. Document (Online) Split
C. Real Time Integration between CO and FI
D. Multiple Ledgers can be maintained under leading ledger.
E. Interfaces for entering the data and postings are nearly identical.
(All are correct)
6. True or False: Please choose the correct answer.
A. the New GL is optional for existing SAP Customers.
True

7. What Customizing transaction will activate the New General Ledger? A. FAGL_ACTIVATION

8. After Activating the New GL, what following changes will take place?
A. There will be new Paths for New GL in addition to existing (Old) GL.
B. Conventional Financial Accounting Paths will remain at their present form.
C. Old paths can be eliminated by running RFAGL_SWAP_IMG_OLD
(All are correct)
9. What will be the New ledger definitions after the activation?
A. Control Parameters (as before) will be from company code.
B. The leading ledger will manage local currency(s) assigned to company code.
C. New GL will use the same Fiscal Year Variant and Posting Period Variant that is assigned to company code.
(All are correct)
10. Choose the correct answer(s).
A. After activation, Financial Accounting Document will have two views: the entry view and the GL View.
True
B. Entry View will be the same in sub-ledgers (AR / AR / AA / Taxes).
True

11. The depreciation position program RAPOST2000 can be used to record the following:
A. Ordinary (book and cost-accounting) depreciation.
B. Tax special depreciation or the allocation and write off of reserves for special depreciation on the basis of tax special depreciation
C. Unplanned depreciation (or other manually planned depreciation)
D. Imputed interest
E. APC revaluation below/above the accumulated depreciation
((All are correct)

12. The ‘posting period’ can be defined for each
A. Company code
B. Accounting principle
C. Accrual type
(All are correct)

13. Which of the following are advantages of document splitting?
A. Accelerate closing
B. Increased data quality
C. Extensibility and flexibility
(All are correct)

14. Which of the following is not correct?
A. The main ledger generally reflects the accounting principle used to draw up consolidated financial statements.
B. The main ledger is the only ledger that is integrated with controlling module by default.
C. For parallel financial reporting, other ledgers cannot be used in addition to the main ledger.(Not Correct)
D. Consolidated financial reporting is normally mapped with main ledger

15. Splitting process can be divided into following steps
A. Active split, Passive split, and Clearing lines/zero balance formation by document

16. Which of the following are correct about periodic allocation?
a) Both Distribution & Assessment can be applied as a Periodic Allocation Technique in the
New Ledger. However Periodic Reposting is not used.
b) Statistical Key Figure presently cannot be used as a Tracing Factor.
c) Distribution Generates a FI Document as an output.
d) A separate Assessment account needs to be defined for New General Ledger as a GL Account that is not a secondary Cost Element of category 42.
(All are correct)

17. Which of the following are advantages of ledger solution?
a) You maintain a separate ledger for every accounting principle
b) You can use different fiscal year variants in this scenario
c) The number of G/L accounts is manageable
(All are correct)

18. Which of the following are migration principles?
a) Date of Migration is at the beginning of a Fiscal Year (Current or Future)
b) Year End closing of the Old Fiscal Year must be completed prior to migration and Activation of New GL.
c) After successful data Migration, New GL will be activated.
(All are correct)

19. Which program hides the old paths in the new general ledger?
A. RFAGL_SWAP_IMG_OLD