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?

AFinancial statement version

BCompany code

CChart of accounts

DControlling area

Show Suggested 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

8 months 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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Alyce

7 months ago

C) Chart of accounts

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Rebbecca

7 months ago

Oh, I see. Thanks for clarifying!

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Cherelle

7 months ago

C) Chart of accounts

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Wilson

7 months ago

B) Company code

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Pok

7 months ago

Oh, I see. Thanks for clarifying!

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Rosalind

7 months ago

B) Company code

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Viola

7 months ago

No, the long text for a general ledger account is actually maintained at the company code level.

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Jaclyn

8 months ago

A) Financial statement version

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Harrison

8 months ago

No, the long text for a general ledger account is actually maintained at the company code level.

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Salena

8 months ago

A) Financial statement version

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Bulah

8 months 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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Horace

7 months ago

I think it's B - company code, but I'm not completely sure.

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Leandro

7 months ago

I'm not sure, but I think it might be A - financial statement version.

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Kallie

7 months ago

I agree, I think it's C - chart of accounts.

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Merri

8 months 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

9 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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Belen

7 months ago

C) Chart of accounts

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Anna

8 months ago

I agree, it's definitely the chart of accounts.

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Ruth

8 months ago

D) Controlling area

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Juliana

8 months ago

C) Chart of accounts

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Lemuel

8 months ago

B) Company code

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Britt

8 months ago

A) Financial statement version

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Gaynell

9 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

9 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

9 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

8 months ago

Yes, the chart of accounts is the correct level for maintaining long text in a general ledger account.

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Callie

8 months 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

8 months 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

8 months ago

I think the chart of accounts is the right level for maintaining long text.

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Hyman

9 months ago

I think the answer is C) Chart of accounts.

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Sharee

9 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

8 months ago

Thanks for clarifying. I'll remember that for future reference.

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Annabelle

8 months ago

No, it's definitely at the chart of accounts level. It helps in organizing and classifying the accounts.

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Donette

8 months ago

That's good to know. I always thought it was at the company code level.

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Lavina

8 months 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

8 months ago

D) Controlling area

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Abel

8 months ago

C) Chart of accounts

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Lenna

9 months ago

B) Company code

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Gracia

9 months ago

A) Financial statement version

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