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Question 56 - C_S4CFI_2408 discussion

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Which fields can you define on the Chart of Accounts level of a G/L Account? Note: There are 2 correct answers to this question

A.

Account currency

Answers
A.

Account currency

B.

G/L account type

Answers
B.

G/L account type

C.

Functional area

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C.

Functional area

D.

Account group

Answers
D.

Account group

Suggested answer: A, D

Explanation:

On the Chart of Accounts level of a General Ledger (G/L) account in SAP S/4HANA Cloud Public Edition, you can define fields such as 'Account Currency' and 'Account Group': A. Account Currency: This specifies the currency in which transactions are to be recorded for that G/L account, influencing how financial data is managed and reported in different currencies. D. Account Group: It categorizes G/L accounts, aiding in their organization and management, and determines the range of number assignments and the screen layout during G/L account creation and maintenance.

References:

SAP S/4HANA Cloud Financial Accounting documentation

Best practices for managing the Chart of Accounts in SAP

asked 31/10/2024
Ralitsa Yankova
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