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SAP Exam C_S4CFI_2408 Topic 1 Question 3 Discussion

Actual exam question for SAP's C_S4CFI_2408 exam
Question #: 3
Topic #: 1
[All C_S4CFI_2408 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 Crista at Sep 24, 2024, 09:34 PM

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Catarina
16 days ago
Wait, is this a trick question? What if the long text is actually stored at the financial statement version level? You know how these exams can be...
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Jaclyn
4 days ago
A) Financial statement version
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Harrison
7 days ago
No, the long text for a general ledger account is actually maintained at the company code level.
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Salena
8 days ago
A) Financial statement version
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Bulah
27 days ago
I don't know, the controlling area option seems a bit too specific. I'm going with C - chart of accounts.
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Kallie
21 hours ago
I agree, I think it's C - chart of accounts.
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Merri
28 days ago
I believe the correct answer is C) Chart of accounts, as that is where the overall structure of the accounts is defined.
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Andrew
1 months ago
Of course, it's the chart of accounts! What kind of exam question is this? I could do this in my sleep.
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Anna
6 days ago
I agree, it's definitely the chart of accounts.
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Ruth
7 days ago
D) Controlling area
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Juliana
10 days ago
C) Chart of accounts
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Lemuel
14 days ago
B) Company code
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Britt
18 days ago
A) Financial statement version
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Gaynell
1 months ago
I'm not sure, but I think it could also be D) Controlling area, as that is where the controlling aspects of the account are managed.
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Dorcas
1 months ago
I agree with Hyman, because the long text for a general ledger account is usually maintained at the chart of accounts level.
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Lenna
1 months ago
Hmm, I was leaning towards the company code level, but you make a good point. The chart of accounts seems like the logical choice here.
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Kanisha
18 days ago
Yes, the chart of accounts is the correct level for maintaining long text in a general ledger account.
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Callie
23 days ago
I was also considering the company code level, but now I see that the chart of accounts makes more sense.
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Lemuel
28 days ago
I agree, the chart of accounts is where you would maintain the long text for a general ledger account.
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Cecil
1 months ago
I think the chart of accounts is the right level for maintaining long text.
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Hyman
2 months ago
I think the answer is C) Chart of accounts.
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Sharee
2 months ago
I think the long text for a general ledger account is maintained at the chart of accounts level. Doesn't that make the most sense?
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Cheryl
11 days ago
Thanks for clarifying. I'll remember that for future reference.
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Annabelle
12 days ago
No, it's definitely at the chart of accounts level. It helps in organizing and classifying the accounts.
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Donette
13 days ago
That's good to know. I always thought it was at the company code level.
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Lavina
14 days ago
Yes, you are correct. The long text for a general ledger account is indeed maintained at the chart of accounts level.
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Leonora
17 days ago
D) Controlling area
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Abel
18 days ago
C) Chart of accounts
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Lenna
1 months ago
B) Company code
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Gracia
1 months ago
A) Financial statement version
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