SAP Financial Accounting (SAP FI) Practice Exam

How are leading and non-leading ledgers differentiated?

1. Leading ledgers are optional

2. Non-leading ledgers are automatically active

3. Leading ledgers are active for all company codes by default

4. Non-leading ledgers provide real-time data

The correct answer is: Leading ledgers are active for all company codes by default

Leading and non-leading ledgers are key components in the SAP Financial Accounting (FI) module that manage how financial data is recorded and reported. The correct response identifies that leading ledgers are active for all company codes by default, establishing them as essential for core financial operations. Leading ledgers serve as the primary ledger for financial transactions within an organization. They contain the primary accounting view that complies with legal requirements and standards, such as GAAP or IFRS. Since these ledgers hold critical real-time transactional data, they are always active across all company codes, thereby ensuring consistency and compliance in financial reporting. In contrast, non-leading ledgers function as supplementary ledgers which may be utilized for different reporting perspectives or currencies but are not mandatory for company operations. Their use is often tailored to specific reporting needs or segments of the business, and they may not be active across all company codes unless explicitly configured. Understanding the difference in how leading and non-leading ledgers operate is essential for effectively managing financial data in SAP FI. Leading ledgers provide a baseline for mandatory financial reporting, while non-leading ledgers offer flexibility for additional insights without the same level of necessity.