SAP Financial Accounting (SAP FI) Practice Exam

What is used to define GL accounts for automatic postings in SAP FI?

1. Posting period variant

2. Account determination

3. Payment terms

4. Vendor master record

The correct answer is: Account determination

The definition of GL accounts for automatic postings in SAP FI is best represented by account determination. In SAP, account determination refers to the process of assigning specific general ledger accounts to different transaction types automatically within the system. This enables accurate and efficient financial posting without the need for manual intervention. When a transaction occurs, such as an invoice or a payment, the system will determine the appropriate GL accounts based on predefined rules set in the account determination procedure. This ensures that financial transactions are consistently routed to the correct accounts, facilitating correct financial reporting and analysis. Other options such as posting period variant, payment terms, and vendor master record play important roles in the overall financial processes but do not specifically address the automatic allocation of GL accounts during postings. The posting period variant dictates the open or closed periods for transactions, payment terms outline the conditions for payment settlement, and the vendor master record contains information related to vendors but does not mediate the automatic accounting treatment of transactions. Consequently, account determination is the key component that specifically connects transaction posting to the correct GL account in SAP FI.