SAP Exam C_S4CFI_2402 Topic 1 Question 4 Discussion

Actual exam question for SAP's C_S4CFI_2402 exam

Question #: 4
Topic #: 1

[All C_S4CFI_2402 Questions]

On which level do you maintain the long text for a general ledger account?

AFinancial statement version

BChart of accounts

CCompany code

DControlling area

Show Suggested Answer

Suggested Answer: B

by Sage at Mar 07, 2024, 02:03 PM

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Sharen

1 years ago

But wouldn't it make more sense to maintain it at the Company code level for specific details related to that company?

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Amber

1 years ago

I agree with Deonna, the long text for a general ledger account is usually maintained at the Chart of accounts level for better organization.

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Raul

1 years ago

I'm going with B) Company code. It just makes sense, you know? Like, where else would you put it? The refrigerator?

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Stefany

1 years ago

A) Financial statement version, because that's where all the important stuff goes, right? Wait, what was the question again?

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Ora

1 years ago

B) Company code, because that's where the specific details are stored.

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Julianna

1 years ago

A) Financial statement version, because that's where all the important stuff goes, right?

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Deonna

1 years ago

Actually, I believe it is maintained at the Chart of accounts level.

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Marisha

1 years ago

I think the long text for a general ledger account is maintained at the Company code level.

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Huey

1 years ago

D) Controlling area, that's the logical place. I mean, who doesn't control their general ledger from the controlling area?

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Soledad

1 years ago

B) Company code, duh! That's where you store all your company-specific financial data.

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Cathrine

1 years ago

A) Financial statement version is also important for maintaining the long text for a general ledger account.

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Kris

1 years ago

C) Chart of accounts is where you maintain the long text for a general ledger account.

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Renay

1 years ago

B) Company code, duh! That's where you store all your company-specific financial data.

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Freeman

1 years ago

A) Financial statement version helps in preparing financial reports.

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Ashlyn

1 years ago

C) Chart of accounts is also important for organizing your financial data.

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Bulah

1 years ago

B) Company code, duh! That's where you store all your company-specific financial data.

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Yaeko

1 years ago

I see your point, but having it at the chart of accounts level ensures consistency across different company codes within the same chart of accounts.

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Fannie

1 years ago

That makes sense, but wouldn't it be more practical to have it at the company code level for specific organization needs?

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Patti

1 years ago

Actually, I think it should be at the financial statement version level because it helps in financial reporting.

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Shelia

1 years ago

C) Chart of accounts, of course! Where else would you keep the long text for a general ledger account?

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Yaeko

1 years ago

I disagree, I believe it should be at the chart of accounts level.

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Fannie

1 years ago

I think the long text for a general ledger account should be maintained at the company code level.

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