SAP Financial Accounting (SAP FI) Practice Exam

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What items does an account group control in SAP?

Currency conversion rates
Number ranges of the master data
Interest rates for loans
Vendor payment methods

The correct answer is: Number ranges of the master data

An account group in SAP plays a vital role in managing the master data of various accounts, including general ledger, customer, and vendor accounts. One of its primary functions is to control the number ranges for the master data associated with those accounts. This means that an account group defines the sequence in which account numbers are assigned, ensuring that each account has a unique identifier within the specified range. By organizing accounts through groupings, it aids in both data management and compliance with reporting requirements. This is crucial for maintaining order and consistency within the system, as it also allows for tailored settings related to account information, such as specific field attributes and overview designs based on business needs. Other options like currency conversion rates, interest rates for loans, and vendor payment methods are functionalities within SAP but are not specifically controlled by account groups. Instead, these aspects are managed through different modules or settings, making the association with account groups inapplicable. Thus, the focus on number ranges is key in understanding the functionality of account groups in SAP.