Latest [Dec 26, 2024] SAP C_TS4FI_2023 Real Exam Dumps PDF
C_TS4FI_2023 Practice Test Questions Updated 85 Questions
SAP C_TS4FI_2023 Exam Syllabus Topics:
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NEW QUESTION # 50
You define the technical clearing account for Integrated Asset Acquisition in Customizing. Which prerequisites must be met? Note: There are 2 correct answers to this question.
- A. The account is defined in the account determination for each asset class.
- B. The account is defined as a reconciliation account for fixed assets.
- C. The account is defined as open item managed.
- D. The account is a balance sheet account.
Answer: B,D
NEW QUESTION # 51
You post an incoming payment from a customer with a residual item for a payment difference.
What are the consequences? Note: There are 2 correct answers to this question.
- A. The residual item is written off to a cost account.
- B. The residual item becomes a new receivable.
- C. Both the original open item and the residual item remain on the account as open items.
- D. The original document and the payment are cleared.
Answer: B,C
NEW QUESTION # 52
Which fields are maintained on the chart of accounts level of a G/L account? Note: There are 3 correct answers to this question.
- A. Field status group
- B. Group account number
- C. Short text
- D. Account group
- E. Alternative account number
Answer: B,C,D
NEW QUESTION # 53
Your company based in France has a permanent establishment in Switzerland where financial statements are required by law.
Which organizational unit do you need to create for the permanent establishment in Switzerland?
- A. Business area
- B. Segment
- C. Profit center
- D. Company code
Answer: D
Explanation:
To meet legal requirements for financial statements in Switzerland, you need to create a separate company code for the permanent establishment there. A company code is the smallest organizational unit for which a complete self-contained set of accounts can be drawn up for purposes of external reporting. This includes recording all relevant transactions and generating necessary financial statements.
Here are the steps to create a company code in SAP S/4HANA:
Define Company Code:
Transaction Code: OX02
Path: IMG -> Enterprise Structure -> Definition -> Financial Accounting -> Edit, Copy, Delete, Check Company Code.
Enter a four-character alphanumeric code for the new company code and fill in the necessary details such as company name, city, country, currency, and language. Save the entries.
Assign Company Code to Company:
Transaction Code: OX16
Path: IMG -> Enterprise Structure -> Assignment -> Financial Accounting -> Assign company code to company.
Select the company code and assign it to the appropriate company.
Define Additional Settings:
Fiscal Year Variant: Define and assign a fiscal year variant suitable for Switzerland if it differs from your main fiscal year variant (Transaction Code: OB29 and OB37).
Field Status Variant: Assign field status variants to your company code to control the data entry for different fields (Transaction Code: OBC4 and OBC5).
Open and Close Posting Periods:
Transaction Code: OB52
Define the periods during which posting is allowed for the company code.
By creating a company code, you ensure that the financial transactions for the Swiss establishment are recorded separately, and the financial statements can be prepared as required by Swiss law.
NEW QUESTION # 54
You post an unplanned depreciation to an asset.
What is the effect on FI-AA and FI-GL?
- A. Posting is done in FI-AA in real time and in FI-GL once the depreciation posting program has run.
- B. Posting is done in FI-AA in real time and in FI-GL once the periodic posting program has run.
- C. Posting is not done in FI-AA and in FI-GL until the depreciation posting program has run.
- D. Posting is done in FI-AA and in FI-GL online and in real time.
Answer: D
NEW QUESTION # 55
You are entering a credit memo in Financial Accounting and are wondering why the entered payment terms are being ignored.
What are the reasons? Note: There are 2 correct answers to this question.
- A. The credit memo was entered in Financial Accounting.
- B. The field "Reference" of the credit memo is blank.
- C. The due date determined based on the entered payment terms is in the past.
- D. The credit memo was created without reference to an invoice.
Answer: A,D
NEW QUESTION # 56
You perform foreign currency valuation for open items of your supplier accounts. The valuations will be used only for period end reporting and should then be reversed.
What account does the system use to post the valuation differences?
- A. Adjustment G/L account for foreign currency
- B. Supplier reconciliation G/L account
- C. Individual supplier accounts with special G/L indicator
- D. Alternative reconciliation G/L account
Answer: A
NEW QUESTION # 57
You are implementing the Cockpit for your organization.
What are the advantages of defining task grou ps? Note: There are 2 correct answers to this question.
- A. It allows cross task list execution of tasks.
- B. It covers multiple companies with same or similar tasks.
- C. It allows cross template maintenance.
- D. It allows cross task list monitoring of task status.
Answer: A,C
NEW QUESTION # 58
What can you control with the reason code in Accounts Receivable? Note: There are 3 correct answers to this question.
- A. The document type of the payment
- B. The type of payment notice sent to a customer
- C. The exclusion of disputed residual items from credit limit checks
- D. The special G/L indicator for the down payment
- E. The account where a residual item is posted
Answer: B,C,D
NEW QUESTION # 59
What is the role of the valuation method in the foreign currency valuation? Note: There are 3 correct answers to this question.
- A. Determine the G/L accounts for the valuation posting
- B. Define the valuation procedure
- C. Define the posting and reversal date for the valuation posting
- D. Determine the exchange rate type
- E. Define the document type for the valuation posting
Answer: A,B,D
NEW QUESTION # 60
You want to post depreciation costs of one asset to two cost centers. How do you do this?
- A. You assign a statistical order in the asset master data which you settle periodically to two cost centers.
- B. You assign a real cost center and a statistical cost center in the asset master data.
- C. You assign two real cost centers in the asset master data.
- D. You assign a real internal order in the asset master data which you settle periodically to two cost centers.
Answer: D
NEW QUESTION # 61
Which currency types are defaulted in SAP S/4HANA? Note: There are 2 correct answers to this question.
- A. 10 = Company code currency
- B. 00 = Document currency
- C. 20 = Controlling area currency
- D. 30 = Group currency
Answer: A,B
NEW QUESTION # 62
You are trying to extend a G/L account to a new company code but are getting an error for incomplete dat a. All customizable fields have been set to option in the field status.
Which fields must you always maintain when extending a G/L account? Note: There are 2 correct answers to this question.
- A. Account number
- B. Account currency
- C. Sort key
- D. Field status group
Answer: B,D
NEW QUESTION # 63
You are posting a general journal entry for your company code. After posting the entry, you notice the document number is in the wrong number range.
After reversing the document, what do you need to change when reposting the document?
- A. Document number
- B. Assignment
- C. Document type
- D. Posting key
Answer: C
NEW QUESTION # 64
In the standard sales process, when is the COGS posting generated in Financial Accounting?
- A. Do PGI (Post Goods Issue)
- B. Create delivery document
- C. Create billing document
- D. Issue customer invoice
Answer: A
NEW QUESTION # 65
You are implementing the Cockpit for your organization.
What are the advantages of defining task groups? Note: There are 2 correct answers to this question.
- A. It allows cross task list execution of tasks.
- B. It covers multiple companies with same or similar tasks.
- C. It allows cross template maintenance.
- D. It allows cross task list monitoring of task status.
Answer: A,C
NEW QUESTION # 66
You want to post depreciation costs of one asset to two cost centers.
How do you do this?
- A. You assign a statistical order in the asset master data which you settle periodically to two cost centers.
- B. You assign a real cost center and a statistical cost center in the asset master data.
- C. You assign two real cost centers in the asset master data.
- D. You assign a real internal order in the asset master data which you settle periodically to two cost centers.
Answer: D
NEW QUESTION # 67
You need to explain the concept of noted items in SAP S/4HANA.
Which characteristics are specific to noted items? Note: There are 3 correct answers to this question.
- A. They generate postings that do not balance.
- B. They update the general ledger in Entry View only.
- C. They can be accessed by the payment program and the dunning program.
- D. They are managed as open items on customer and vendor accounts.
- E. They generate statistical postings.
Answer: A,D,E
NEW QUESTION # 68
You want to include multiple company codes in a single payment run.
What are the prerequisites for the company codes?
- A. They must belong to the same controlling area.
- B. They must have the same configuration for payment transactions.
- C. They must all belong to the same company.
- D. They must be located in the same country.
Answer: D
NEW QUESTION # 69
At which levels can the print program and its variant be assigned to the correspondence type? Note: There are 2 correct answers to this question.
- A. Company
- B. Client
- C. System
- D. Company code
Answer: B,C
NEW QUESTION # 70
What are the consequences of the activation of segment reporting in ? Note: There are 2 correct answers to this question.
- A. The segment is automatically updated in existing asset master data.
- B. The segment appears in the screen layout for asset master data.
- C. The segment appears in the additional account assignment configuration.
- D. The segment activation can be reversed.
Answer: A,B
NEW QUESTION # 71
You post an unplanned depreciation to an asset. What is the effect on FI-AA and FI-GL?
- A. Posting is done in FI-AA in real time and in FI-GL once the depreciation posting program has run.
- B. Posting is done in FI-AA in real time and in FI-GL once the periodic posting program has run.
- C. Posting is not done in FI-AA and in FI-GL until the depreciation posting program has run.
- D. Posting is done in FI-AA and in FI-GL online and in real time.
Answer: D
NEW QUESTION # 72
You want to include multiple company codes in a single payment run. What are the prerequisites for the company codes?
- A. They must belong to the same controlling area.
- B. They must have the same configuration for payment transactions.
- C. They must all belong to the same company.
- D. They must be located in the same country.
Answer: D
NEW QUESTION # 73
You post a vendor invoice for asset acquisition without reference to a purchase order. Which accounting documents are generated?
- A. One document per accounting principle & one document for all accounting principles
- B. One document per accounting principle
- C. One document for all accounting principles
- D. Separate documents for each and every accounting principle
Answer: C
NEW QUESTION # 74
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