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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]

For which fields can you enter time-dependent changes in the asset master record? Note: There are 3 correct answers to this question

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

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My
9 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
10 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
10 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
9 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
9 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
10 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
10 months ago
I think the long text for a general ledger account is maintained at the company code level.
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Britt
10 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
10 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
10 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
10 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
10 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
10 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
10 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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