SAP Financial Accounting (SAP FI) Practice Exam

What type of account allows for unique handling of record creation?

1. One-time account group

2. Vendor-specific account

3. Standardized account

4. Transaction-based account

The correct answer is: One-time account group

The correct answer is One-time account group, as this type of account is designed to handle transactions for individuals or vendors who do not have a permanent account in the system. One-time accounts are typically used for infrequent or ad-hoc business dealings where the nature of the relationship is not ongoing, allowing for flexibility in record creation without requiring a fully established account structure. This feature is particularly useful for companies that may engage with new suppliers or customers on a one-off basis, enabling efficient processing of these transactions without the administrative burden of setting up a permanent account for each new vendor or customer. The one-time account system generally allows users to specify details relevant to the transaction at hand, thus uniquely managing the record creation process for each case based on the pertinent information without repetitive overhead.