BlackFriday 2024! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

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?

Show Suggested Answer Hide 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

Limited Time Offer

25%

Off

Get Premium C_S4CFI_2402 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
My
5 months ago
Seriously? You're all wrong. It's A) Financial statement version. That's where you keep the long text for reporting purposes.
upvoted 0 times
...
Herschel
5 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.
upvoted 0 times
...
Maryann
5 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?
upvoted 0 times
Dorinda
4 months ago
No, it's actually C) Chart of accounts where the long text for a general ledger account is maintained.
upvoted 0 times
...
Geoffrey
4 months ago
Yes, you are correct. The long text for a general ledger account is maintained at the Controlling area level.
upvoted 0 times
...
...
Kristin
5 months ago
I believe it is actually maintained at the chart of accounts level, as that is where the account structure is defined.
upvoted 0 times
...
Audrie
5 months ago
I think the long text for a general ledger account is maintained at the company code level.
upvoted 0 times
...
Britt
6 months ago
I think it's C) Chart of accounts. That's where the detailed general ledger accounts are maintained, right?
upvoted 0 times
Kimberely
5 months ago
That's right! The Chart of accounts is where the detailed information for general ledger accounts is stored.
upvoted 0 times
...
Rene
5 months ago
That's right. The Chart of accounts is where the detailed information for general ledger accounts is stored.
upvoted 0 times
...
Robt
5 months ago
Yes, you are correct. The long text for a general ledger account is maintained at the Chart of accounts level.
upvoted 0 times
...
Blair
5 months ago
Yes, you are correct. The long text for a general ledger account is maintained at the Chart of accounts level.
upvoted 0 times
...
Desiree
5 months ago
That's right. The Chart of Accounts is where the detailed information for each general ledger account is stored.
upvoted 0 times
...
Lorita
5 months ago
Yes, you are correct. The long text for a general ledger account is maintained at the Chart of Accounts level.
upvoted 0 times
...
...

Save Cancel