SAP Financial Accounting (SAP FI) Practice Exam

Which of the following is a component of the posting key settings?

1. Cost center assignment

2. Transaction type

3. Field status

4. Period closing

The correct answer is: Field status

The correct answer is about field status, which is indeed a key component of posting key settings in SAP Financial Accounting. Posting keys determine the specific accounting transaction and dictate how data is recorded within the system. Each posting key defines the kind of data required for the transaction, which includes specifying the status of fields, or what users can input and which fields are mandatory, optional, or suppressed. This configuration is crucial because it ensures data integrity during postings and simplifies data entry for users by guiding them on which fields they must populate based on the nature of the transaction. In contrast, while cost center assignment, transaction type, and period closing are relevant concepts in accounting, they do not directly constitute components of posting key settings. Cost center assignments relate to organizational structure and expense tracking, transaction types define the nature of transactions but are not settings within the posting key itself, and period closing concerns financial reporting rather than the mechanics of how data is recorded during transactions. Understanding this distinction helps reinforce the role of field status in the overall function and organization of posting keys within SAP FI.