SAP Financial Accounting (SAP FI) Practice Exam

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What are the prerequisites for setting up cross-company code cost accounting?

Same operational guidelines
Same operating chart of accounts and fiscal year variant
Budget allocation approval
Unified reporting standards

The correct answer is: Same operating chart of accounts and fiscal year variant

In cross-company code cost accounting within SAP FI, having the same operating chart of accounts and fiscal year variant is essential. The operating chart of accounts defines the structure of the financial reporting for all company codes within the organization. This consistency ensures that financial data can be accurately aggregated and compared across different company codes. Similarly, the fiscal year variant determines the accounting periods and their arrangement, which must align for effective reporting and cost allocation across the different company codes. By maintaining the same operating chart of accounts and fiscal year variant, organizations enable seamless integration and consolidation processes necessary for a unified financial reporting system. This setup minimizes discrepancies and enhances the accuracy of financial data analysis, making it crucial for effective cross-company code cost accounting.