SAP Financial Accounting (SAP FI) Practice Exam

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What are the two types of reversals in SAP FI?

Automatic and manual
Normal and negative
Full and partial
Scheduled and ad-hoc

The correct answer is: Normal and negative

In SAP Financial Accounting (FI), the concept of reversals is integral to managing transactions that need to be undone or adjusted. The two types of reversals primarily recognized in this context are normal reversals and negative reversals. Normal reversals are typically employed when you need to reverse a transaction that was posted incorrectly or when the original document contains errors. This type of reversal generates a new accounting document that offsets the impact of the initial entry, ensuring that the financial statements accurately reflect the intended amounts. Negative reversals, on the other hand, address unique scenarios where a transaction needs to be negated altogether. This might happen when a transaction is deemed invalid or when it needs to be completely wiped from the financial records without leaving the footprint of a normal reversal. Thus, normal and negative reversals are fundamental in maintaining accuracy in financial records and allow for greater flexibility in correcting or negating postings as required in various business scenarios.