SAP Financial Accounting (SAP FI) Practice Exam

How many methods are available for controlling field status on G/L accounts?

1. One

2. Two

3. Three

4. Four

The correct answer is: Two

The correct response highlights that there are two methods available for controlling field status on General Ledger (G/L) accounts in SAP. These methods are significant because they allow organizations to manage how financial data is entered and validated, ensuring consistency and accuracy in financial reporting. The two methods for controlling field status are typically categorized as follows: 1. **Field status groups** - This method involves defining field status groups that can be assigned to various G/L accounts. Each group specifies which fields are mandatory, optional, or suppressed during document entry. This allows for tailored data entry experiences based on the account type or purpose. 2. **Account group settings** - This method allows for the classification of G/L accounts into different groups, which then inherit specific field status controls. This is useful for managing large numbers of accounts, as it streamlines the process of setting field statuses across similar accounts. Understanding these two methods is crucial for configuring the accounting module in SAP effectively, as they help in obtaining the desired level of control and guidance for users entering financial transactions.