SAP Financial Accounting (SAP FI) Practice Exam

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Which of the following is NOT one of the four configuration steps in special GL?

  1. Alternative reconciliation accounts

  2. Account determination for manual entries

  3. Specific posting keys

  4. Preconfigured special GL indicators

The correct answer is: Account determination for manual entries

The correct response indicates that account determination for manual entries is not one of the four configuration steps in special general ledger (GL) accounting within SAP FI. In this context, the configuration steps that actually pertain to special GL entries primarily include setting up alternative reconciliation accounts, defining specific posting keys, and configuring preconfigured special GL indicators. Each of these plays a critical role in managing transactions that do not fit into the standard GL framework. Alternative reconciliation accounts allow organizations to track specific types of transactions separately from the general ledger. Specific posting keys help control the transaction types that can be posted to the special GL accounts. Preconfigured special GL indicators assist in the classification of transactions that are treated differently in accounting terms, like provisions or guarantees. While account determination for manual entries is an important feature of SAP, it is specifically related to the processing and posting of transactions from one account to another and does not fall under the critical configuration steps needed for managing special GL transactions.