SAP Financial Accounting (SAP FI) Practice Exam

To allow postings across company codes, what must be set up in the configuration?

1. Create intercompany posting pairs

2. Define a global fiscal year

3. Establish a single currency type

4. Assign multiple posting keys

The correct answer is: Create intercompany posting pairs

To allow postings across company codes in SAP Financial Accounting, it is essential to create intercompany posting pairs. This configuration enables transactions between different company codes to be recorded and integrated seamlessly. Intercompany posting pairs are necessary for managing intercompany transactions effectively, as they ensure that the financial data is accurately reflected in the respective ledgers of each company code involved. By establishing these pairs, SAP facilitates the automatic generation of the necessary journal entries that reflect the transactions, which not only simplifies the reconciliation process but also maintains compliance with legal and accounting standards. This is crucial for businesses with multiple subsidiary entities that need to report consolidated financial statements. The other options do not specifically address the requirement for intercompany transactions. Defining a global fiscal year is related to the time period for accounting entries but does not enable postings between company codes. Establishing a single currency type may determine the currency used within a company but does not facilitate intercompany postings directly. Similarly, assigning multiple posting keys relates to the types of entries different accounts can have but does not specifically address the operational need for intercompany transactions. Thus, creating intercompany posting pairs is the correct choice for enabling postings across different company codes.