SAP Financial Accounting (SAP FI) Certified Application Associate Practice Exam

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Which statements are valid for financial document number ranges? There are 3 correct answers.

Financial document number ranges defined at client level should not overlap.
The same financial document number range can be assigned to several document types.
All financial document number ranges can contain numbers and/or letters.
Financial document number ranges must be defined for the year in which they are used.

The correct answer is: The same financial document number range can be assigned to several document types.

The selection of this answer highlights a fundamental aspect of SAP Financial Accounting concerning document types and number ranges. In SAP, it is indeed possible to assign the same financial document number range to multiple document types. This flexibility allows organizations to streamline their document number management and ensures consistency across different types of financial transactions, which can enhance the efficiency of document processing. In SAP, document types serve as an organizational tool to differentiate between various types of financial transactions, such as invoices, credit memos, and others. By allowing multiple document types to share a number range, organizations can avoid the need for unique ranges for every document type, thus simplifying the overall setup. Regarding the validity of the other statements: While it is true that client-level financial document number ranges should not overlap to maintain systematic integrity and avoid confusion in document processing, saying 'must not overlap' may not strictly apply to all SAP configurations. Number ranges can contain letters and numbers depending on the system's configuration, but in typical usage within financial documents, numeric number ranges are more standard. Lastly, financial document number ranges do not need to be defined for each year; that requirement depends more on specific organizational policies or legal requirements. These points reinforce the correctness of the answer provided.