C_TS4FI Financial Accounting Practice Question
A financial accountant is creating a new G/L account in the chart of accounts for a company code. The account must be used for posting transactions. Which configuration step is mandatory to allow postings to this account?
⚠ Common exam trap
The trap here is assuming that creating the account in the chart of accounts is enough for posting, but the company code segment is always required.
Answer choices
Why each option matters
Answer the question above first, then reveal the full breakdown to understand why each option is right or wrong.
Correct answer & explanation
✓
Create the account in the chart of accounts and then create a company code segment.
For a G/L account to be postable in a company code, it must first exist in the chart of accounts and then have a company code segment created. The chart of accounts segment defines the account's basic properties, while the company code segment controls how the account behaves in that specific company code, including currency, tax code, and posting permissions. Only when both segments exist can the account be used in journal entries.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
Define a reconciliation account in the account master record.
Why it's wrong here
A reconciliation account is a special type of G/L account used in subledgers (like Accounts Receivable and Accounts Payable) to link subledger postings to the general ledger. It is not required for every G/L account. For a standard G/L account that is not a reconciliation account, this field is left blank. Requiring it would be incorrect and would restrict the account's use.
- ✓
Create the account in the chart of accounts and then create a company code segment.
Why this is correct
To post to a G/L account, it must exist in both the chart of accounts (which defines the account number, name, and control data) and the company code segment (which contains company code-specific settings like currency, tax category, and posting permissions). Without the company code segment, the account cannot be used for postings in that company code. This is a fundamental requirement in SAP S/4HANA Financial Accounting.
- ✗
Create the account in the chart of accounts only.
Why it's wrong here
Creating the account only in the chart of accounts is insufficient for posting. The chart of accounts segment defines the account at the group level, but postings are always made in a company code. Each company code that needs to use the account must have its own company code segment with specific settings. Without this segment, the account cannot be selected during document entry, and posting will fail.
- ✗
Assign the account to a financial statement version.
Why it's wrong here
Assigning an account to a financial statement version is necessary for financial reporting, but it does not enable posting. The financial statement version is used to generate balance sheets and income statements. Posting is controlled by the account master data in the company code segment, which includes the 'Post automatically only' indicator and other settings. Without the company code segment, the account cannot be posted to regardless of FSV assignment.
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Last reviewed September 2026 · checked against the official SAP exam blueprint
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