C_TS4FI Financial Accounting Practice Question
An accountant is preparing to run the balance sheet and P&L statement using the Financial Statement Version (FSV) in SAP S/4HANA. The accountant notices that some G/L accounts are not appearing in the report. Which two actions must be taken to ensure that all relevant G/L accounts are included in the financial statement? (Choose two.)
⚠ Common exam trap
The trap here is assuming that creating the G/L account is sufficient; the account must also be linked to the FSV structure and have the correct account type.
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
✓
Ensure that the G/L accounts are created as balance sheet accounts or P&L accounts as appropriate.
To ensure G/L accounts appear in the financial statement, they must be assigned to nodes in the Financial Statement Version and correctly classified as balance sheet or P&L accounts. These two actions are essential for accurate reporting. Without proper assignment and classification, accounts will be omitted from the report, leading to incomplete financial statements.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
Update the chart of accounts to include the missing G/L accounts in the financial statement version.
Why it's wrong here
The chart of accounts defines the accounts but does not control their appearance in the FSV. Updating the chart of accounts does not assign accounts to FSV nodes. The FSV is maintained separately via transaction FSE2 or the Manage Financial Statement Versions app. Therefore, modifying the chart of accounts will not resolve missing accounts in the report.
- ✓
Ensure that the G/L accounts are created as balance sheet accounts or P&L accounts as appropriate.
Why this is correct
G/L accounts must be classified as either balance sheet accounts or P&L accounts in their master record. This determines their placement in the financial statement. If an account is not properly classified, it may not be included in the correct section of the FSV. Therefore, verifying the account type is a prerequisite for correct reporting.
- ✗
Activate the 'Financial Statement Version' checkbox in the company code settings.
Why it's wrong here
There is no such checkbox in company code settings. The Financial Statement Version is assigned in the general ledger configuration, but it is not activated via a company code checkbox. The FSV is selected when running the report (e.g., transaction FSE2 or via the Fiori app). Its availability does not depend on a company code setting, so this action is unnecessary.
- ✗
Run the 'Balance Carryforward' program to transfer balances to the new fiscal year.
Why it's wrong here
Balance carryforward is a year-end closing activity that transfers balance sheet account balances to the new fiscal year. It does not affect the inclusion of accounts in the FSV. Missing accounts in the FSV are due to missing assignments or incorrect account types, not due to carryforward. Running carryforward would not make accounts appear in the financial statement.
- ✓
Assign the G/L accounts to the appropriate nodes in the Financial Statement Version.
Why this is correct
The Financial Statement Version defines the structure of the balance sheet and P&L. Each G/L account must be assigned to a node (a line item) in the FSV to appear in the report. If an account is not assigned, it will not be included. Therefore, assigning the accounts to the correct nodes is essential to ensure they are displayed in the financial statement.
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Written and reviewed by Johnson Ajibi, MSc IT Security
Senior Network & Security Engineer · founder of Courseiva
Last reviewed September 2026 · checked against the official SAP exam blueprint
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