SAP Exam C_S4CFI_2402 Topic 9 Question 13 Discussion

Actual exam question for SAP's C_S4CFI_2402 exam

Question #: 13
Topic #: 9

[All C_S4CFI_2402 Questions]

On which level do you maintain the long text for a general ledger account?

AFinancial statement version

BCompany code

CChart of accounts

DControlling area

Show Suggested Answer

Suggested Answer: C

The long text for a general ledger (G/L) account is maintained at the Chart of Accounts level. This allows the description or additional details of the G/L account to be standardized across all company codes that use the same chart of accounts, ensuring consistency in financial reporting and accounting practices across the organization.

References:

SAP S/4HANA Cloud documentation on Financial Accounting

Best practices for Chart of Accounts management in SAP

by Ollie at Jun 01, 2024, 05:40 AM

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My

6 months ago

Seriously? You're all wrong. It's A) Financial statement version. That's where you keep the long text for reporting purposes.

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Herschel

6 months ago

Come on, guys, it's obviously B) Company code. That's where you define the basic organizational structure, including the general ledger accounts.

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Maryann

6 months ago

Hmm, I'm not sure. Could it be D) Controlling area? Isn't that where you manage the financial data at a higher level?

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Dorinda

5 months ago

No, it's actually C) Chart of accounts where the long text for a general ledger account is maintained.

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Geoffrey

5 months ago

Yes, you are correct. The long text for a general ledger account is maintained at the Controlling area level.

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Kristin

6 months ago

I believe it is actually maintained at the chart of accounts level, as that is where the account structure is defined.

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Audrie

6 months ago

I think the long text for a general ledger account is maintained at the company code level.

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Britt

7 months ago

I think it's C) Chart of accounts. That's where the detailed general ledger accounts are maintained, right?

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Kimberely

6 months ago

That's right! The Chart of accounts is where the detailed information for general ledger accounts is stored.

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Rene

6 months ago

That's right. The Chart of accounts is where the detailed information for general ledger accounts is stored.

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Robt

6 months ago

Yes, you are correct. The long text for a general ledger account is maintained at the Chart of accounts level.

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Blair

6 months ago

Yes, you are correct. The long text for a general ledger account is maintained at the Chart of accounts level.

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Desiree

6 months ago

That's right. The Chart of Accounts is where the detailed information for each general ledger account is stored.

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Lorita

6 months ago

Yes, you are correct. The long text for a general ledger account is maintained at the Chart of Accounts level.

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