SAP Financial Accounting (SAP FI) Practice Exam

What must you do when configuring a new company code related to document types and number ranges?

1. Delete obsolete document types and number ranges

2. Establish standard document types for immediate access

3. Define number ranges for the new company code

4. Adjust settings for inter-company postings

The correct answer is: Define number ranges for the new company code

When configuring a new company code, defining number ranges for the new company code is an essential task. Number ranges are critical for maintaining the uniqueness of document numbers within the system, ensuring that financial transactions are recorded accurately and distinctly. Each company code can have its own set of number ranges, which helps prevent duplication of document numbers across different company codes. By establishing specific number ranges for the new company code, you facilitate organized document management and ensure compliance with accounting standards. This process also allows for easier tracking and auditing of financial documents associated with that particular company code. While options like deleting obsolete document types or adjusting settings for inter-company postings might be relevant in other contexts, they do not directly address the setup requirements for a new company code. Establishing standard document types for immediate access is useful, but without defined number ranges, it would not be possible to capture transactions effectively. Therefore, defining number ranges is the fundamental step necessary to ensure the proper functioning of the new company code in the SAP Financial Accounting system.