During year-end closing for asset accounting, depreciation and asset balances must be fully posted. The process can only begin in the last posting period of the current year. A fiscal year can only be changed to a subsequent year if the previous year has been closed for both financial and asset accounting purposes.

1. 2. During the year – end closing (in asset accounting) preparation what is
considered?
A. Depreciation and asset balances are posted in full
B. The earliest you can start this program is in the last posting period of the
current year
C. You can only process a fiscal year change to a subsequent year if the
previous has been closed for financial purposes
D. You can only process a fiscal year change to a subsequent year if the
previous has been closed for asset accounting2. During the year – end closing
(in asset accounting) preparation what is considered?
A. Depreciation and asset balances are posted in full
B. The earliest you can start this program is in the last posting period of the
current year
C. You can only process a fiscal year change to a subsequent year if the
previous has been closed for financial purposes
D. You can only process a fiscal year change to a subsequent year if the
previous has been closed for asset accounting