SAP Financial Accounting (SAP FI) Practice Exam

What do account groups for Customer/Vendor accounts manage?

1. Internal number ranges and field status for all segments

2. External number ranges only

3. Transaction allocations

4. Company code definitions

The correct answer is: Internal number ranges and field status for all segments

Account groups for Customer and Vendor accounts are essential in managing the organization of these accounts within the SAP system. They define key attributes such as the internal number ranges and field status for all segments associated with customer and vendor accounts. Internal number ranges dictate how these accounts are assigned unique identifiers automatically by the system, ensuring consistency and efficiency in data management. Additionally, account groups determine field statuses, meaning they control which fields are mandatory, optional, or suppressed during the data entry process. This helps maintain the integrity of the data entered into the system and provides clarity in the information gathered for customer and vendor accounts. The other options focus on specific aspects that do not encapsulate the full scope of what account groups manage. For instance, while external number ranges pertain to identifiers that are manually entered or external to the system, transaction allocations and company code definitions relate to different organizational functions and do not directly involve managing account group characteristics. Account groups serve as a foundational structure that specifies how accounts are treated in relation to data entry and account management within the financial accounting system.