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Question 43 - C_S4CFI_2408 discussion

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In which structure do you define where the accounts appear in the financial statement?

A.

Accounting principle

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A.

Accounting principle

B.

Financial statement version

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B.

Financial statement version

C.

Chart of accounts

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C.

Chart of accounts

D.

Ledger group

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D.

Ledger group

Suggested answer: B

Explanation:

In SAP S/4HANA Cloud Public Edition, the structure where you define where accounts appear in the financial statement is known as the 'Financial Statement Version'. This structure is crucial for the organization of accounts in a way that aligns with reporting requirements and standards. It allows for the grouping and hierarchical arrangement of accounts to reflect how they should be presented in the financial statements, such as the balance sheet and income statement, facilitating accurate and compliant financial reporting.

References:

SAP S/4HANA Cloud documentation on financial reporting

Best practices for configuring Financial Statement Versions in SAP

asked 31/10/2024
Cristi Savin
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