What are the restrictions when posting general journal entries to special periods? Note: There are 2 correct answers to this question

What are the restrictions when posting general journal entries to special periods? Note: There are 2 correct answers to this question
A . You must specify a posting date in the last period of the fiscal year.
B . You must only post to balance sheet accounts.
C . You must use the document type YE (year end).
D . You must manually enter the specific special period you are posting to

Answer: A, D

Explanation:

When posting general journal entries to special periods in SAP S/4HANA Cloud Public Edition, there are specific restrictions to ensure the integrity of financial data, particularly for year-end closing processes. Firstly, any postings to special periods must have a posting date that falls within the last period of the fiscal year. This is to ensure that transactions are recorded in the correct fiscal year before being allocated to special periods, which are typically used for year-end closing adjustments. Secondly, users must manually specify the special period for each posting. Special periods (usually 1 to 4) are used for year-end closing activities, such as audit adjustments, and are beyond the regular posting periods. Unlike regular periods, SAP doesn’t automatically determine the special period based on the posting date; it requires explicit selection by the user to ensure that postings are correctly allocated for year-end adjustments and reporting.

References:

SAP S/4HANA Cloud Financial Accounting documentation on year-end closing procedures Best practices for financial period-end closing in SAP S/4HANA Cloud