Fi - Gl (Post Session)

The statement "Parked doc can be changed at the time of posting" implies that a document that is parked (i.e., saved as a draft) can be modified or edited before it is officially posted or published. This suggests that any changes or updates can be made to the document content, format, or any other elements before it is finalized and made available to others. Therefore, the correct answer is True.

The length of a GL Account refers to the number of digits it contains. In this case, the correct answer is 10 digits. This means that a GL Account should consist of 10 numerical digits.

The correct answer is "Numeric" because system generated internal numbers are typically composed of numerical digits. These numbers are often used for identification or indexing purposes within a system or database.

Document Simulation refers to the process of running a simulation or test on a document before it is posted to the general ledger. This allows users to verify the accuracy and integrity of the document, identify any potential errors or issues, and make any necessary adjustments before finalizing and posting the document. By conducting a simulation, users can ensure that the document will be correctly recorded in the general ledger and avoid any adverse effects on financial reporting. Therefore, the statement that Document Simulation is possible before posting to the General ledger is true.

To view the General Ledger, one needs to process the transaction code FBL3N. The other transaction codes listed (FBL1N, FBL5N, MB1A, ME52) are not related to viewing the General Ledger.

This statement suggests that any transactions recorded in the subledger accounts are automatically reflected in the corresponding reconciliation accounts. In other words, the subledger accounts and reconciliation accounts are linked, ensuring that all transactions are accurately recorded and reflected in the financial statements.

After entering the data, it is possible to post it immediately, park the document, or hold the document. This means that the user has the option to either immediately submit the data, save it for later processing, or temporarily hold it without further action. Therefore, all of the options mentioned (post it immediately, park the document, and hold document) are correct.

The statement "Document posted to General Ledger cannot be cancelled / reversed" is false. In accounting, if an error is made in posting a document to the General Ledger, it can be cancelled or reversed. This is done by creating a reversing entry that nullifies the effect of the original entry. By doing so, the incorrect entry is effectively cancelled out, and the correct entry can be made. This allows for the correction of errors and ensures the accuracy of the General Ledger.

GL Master Data deletion is not possible after data is posted. Once data is posted, it becomes a part of the financial records and cannot be deleted. This is because the posted data is used for various financial calculations and reporting purposes. Deleting the GL Master Data after posting would lead to inconsistencies in the financial records and affect the accuracy of financial reporting. Therefore, the correct answer is False.

Liabilities for Expenses is not a reconciliation account because reconciliation accounts are used to consolidate and summarize the balances of related sub-accounts. Debtors, Creditors, and Assets can have multiple sub-accounts that need to be reconciled, but Liabilities for Expenses does not typically have sub-accounts that require reconciliation. Therefore, it is not considered a reconciliation account.

The correct answer is "Posting of the doc." In accounting, an entry is typically passed in the system when a document is posted. This refers to the process of recording financial transactions into the appropriate accounts in the general ledger. Parking of the document, on the other hand, refers to temporarily saving a document without posting it. Therefore, the correct time for passing an accounting entry in the system is during the posting of the document.

The fiscal period is derived based on the posting date. The posting date refers to the date when a transaction or entry is recorded in the accounting system. This date is important for determining the correct fiscal period in which the transaction should be included. The document date is the date when the document or transaction was created, while the creating date refers to the date when the document or transaction was actually created in the system. However, these dates are not used to determine the fiscal period. Therefore, the correct answer is Posting Date.

Financial accounts can be prepared on the basis of company codewise or business area wise. Company codewise means that the accounts are prepared separately for each individual company within a group or organization. Business area wise means that the accounts are prepared separately for different divisions or departments within a company. Therefore, the correct answer is that financial accounts can be prepared on both the company codewise and business area wise basis.

The correct answer is "Debit, Credit Indicator" because the document header typically includes information such as the date, currency, and company code, but it does not include details about debit or credit indicators. Debit and credit indicators are usually found in the line items or account details section of a document, indicating whether an entry is a debit or credit transaction.

The correct answer is FBRA because FBRA is the transaction code used in SAP to reverse a cleared document.