SAP Financial Accounting (SAP FI) Practice Exam

What are the three main subledgers in SAP Financial Accounting?

1. Customers, products, investments

2. Customers, vendors, assets

3. Assets, liabilities, equity

4. Revenues, expenses, assets

The correct answer is: Customers, vendors, assets

In SAP Financial Accounting, the main subledgers are designed to support the general ledger by providing detailed transaction data that can be aggregated for reporting purposes. The correct answer highlights the three key areas of subledgers: customers, vendors, and assets. The accounts receivable subledger pertains to customers, where all transactions related to customer sales are recorded. This allows businesses to track outstanding invoices and manage receivables effectively. The accounts payable subledger involves vendors, encompassing all transactions related to purchases and obligations to suppliers. This helps manage payments to vendors, track outstanding liabilities, and maintain good relationships with suppliers. The fixed assets subledger tracks all transactions regarding an organization’s tangible and intangible assets. This includes aspects like acquisition, depreciation, and disposal of assets, enabling better management of an organization’s capital investments. In contrast, the other options do not accurately represent the subledgers in SAP FI. For example, the inclusion of "products" in the first option is too vague as it doesn't represent a financial category. The third option incorrectly focuses on financial statement components rather than functional areas of accounting. The fourth option, while related to balance sheet categories, does not denote distinct areas of subledger management that are critical for tracking transactions.