SAP Exam C_TS4FI_2021 Topic 9 Question 42 Discussion

Actual exam question for SAP's C_TS4FI_2021 exam

Question #: 42
Topic #: 9

[All C_TS4FI_2021 Questions]

When is it possible to set the open item management indicator in a general ledger account?

Note: There are 2 correct answers to this questions.

AWhen an a account is set up as a balance sheet account

BWhen an a account has a zero balance

CWhen an a account is set up as a reconciliation account

DWhen an a account is set up as a secondary cost element

Show Suggested Answer

Suggested Answer: A, C

by Kirk at Apr 09, 2024, 01:24 AM

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Ashlyn

6 months ago

Personally, I'd be more worried about passing the exam than cracking open item management jokes. But A and C do seem like the right choices here.

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Eleonore

5 months ago

Let's go with A and C for setting the open item management indicator.

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Brunilda

5 months ago

I agree, C) When an account is set up as a reconciliation account also sounds right.

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Reita

5 months ago

I think A) When an account is set up as a balance sheet account is one of the correct answers.

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Beata

6 months ago

I see your point, It makes sense that it can be set when an account is set up as a reconciliation account.

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Sheridan

6 months ago

Hmm, D doesn't make much sense. The open item indicator is more about the account type than the cost element. I'll go with A and C.

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Rashida

6 months ago

Yes, the open item indicator is related to the account type, so A and C are the correct options.

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Anjelica

6 months ago

I think A is correct because it's a balance sheet account, and C because it's a reconciliation account.

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Amie

6 months ago

I agree, D doesn't seem right. A and C make more sense for open item management.

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Paola

6 months ago

I believe option B is incorrect. The open item management indicator doesn't need a zero balance to be set.

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Rodney

7 months ago

B is definitely wrong - the balance shouldn't matter for setting the open item indicator. I think A and C are the way to go.

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Elroy

6 months ago

B is definitely wrong - the balance shouldn't matter for setting the open item indicator. I think A and C are the way to go.

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Kaitlyn

7 months ago

C) When an a account is set up as a reconciliation account

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Mel

7 months ago

A) When an a account is set up as a balance sheet account

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Mattie

7 months ago

A and C seem like the correct answers here. Setting the open item management indicator is important for reconciliation accounts, and balance sheet accounts typically need it as well.

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Aleta

7 months ago

I agree with The open item management indicator can also be set when an account is set up as a reconciliation account.

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Beata

8 months ago

I think the open item management indicator can be set when an account is set up as a balance sheet account.

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Helene

8 months ago

Good point. And I don't think the secondary cost element one makes sense either. That's more about how costs are allocated, not about tracking open items.

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Freeman

8 months ago

Hmm, I'm not so sure about the zero balance one. Wouldn't you only need to track open items if there were actually some open items in the account?

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Yvonne

8 months ago

That makes sense to me. I also think it could be set on a reconciliation account, since those are often used to track outstanding items that need to be cleared.

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Okay, let's think this through. I'm pretty sure the open item management indicator is used to track outstanding invoices or other open items in an account. So it would make sense that you could set it on a balance sheet account, since those are the ones that typically have open items, right?

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Chanel

8 months ago

Yeah, me neither. I'm guessing it has something to do with how the account is set up, but I'm not sure which of these options is correct.

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Iraida

7 months ago

I believe it's also when an a account is set up as a reconciliation account.

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Leandro

7 months ago

I think it's when an a account is set up as a balance sheet account.

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Georgene

9 months ago

Hmm, this question is a bit tricky. I'm not sure if I fully understand the concept of the open item management indicator. Anyone have any thoughts on that?

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SAP Exam C_TS4FI_2021 Topic 9 Question 42 Discussion

Contribute your Thoughts:

Ashlyn

Eleonore

Brunilda

Reita

Beata

Sheridan

Rashida

Anjelica

Amie

Paola

Rodney

Elroy

Kaitlyn

Mel

Mattie

Aleta

Beata

Helene

Freeman

Yvonne

Blondell

Chanel

Iraida

Leandro

Georgene