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C_TS4FI_2023 SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Question and Answers

Question # 4

Your company follows IFRS accounting principles and needs to issue a full financial statement for its two main divisions "Consumer Products" & "Professional Products".

What do you need to achieve segment reporting in this scenario? Note: There are 3 correctanswers to this question.

A.

Profitability segments

B.

Document splitting

C.

Segments

D.

Profit centers

E.

Business areas

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Question # 5

You notice that in the entry view of a document you have fewer items than in the general ledger view.

What is the reason for this?

A.

The sub-ledger accounts are shown in details in the general ledger view.

B.

An extension ledger has been configured.

C.

Document splitting has been activated.

D.

The sales tax is posted in details in the general ledger view.

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Question # 6

You define the technical clearing account for Integrated Asset Acquisition in Customizing. Which prerequisites must be met? Note: There are 2 correctanswers to this question.

A.

The account is a balance sheet account.

B.

The account is defined as open item managed.

C.

The account is defined in the account determination for each asset class.

D.

The account is defined as a reconciliation account for fixed assets.

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Question # 7

In which scenarios is the technical clearing account posted? Note: There are 2 correctanswers to this question.

A.

Asset transfer posting between asset classes

B.

Settlement of an investment order to an asset under construction

C.

Direct asset acquisition posting with a vendor invoice (not linked to a purchase order)

D.

Valuated goods receipt on a purchase order with an asset as account assignment

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Question # 8

What can you control with the reason code in Accounts Receivable? Note: There are 3 correctanswers to this question.

A.

The type of payment notice sent to a customer

B.

The account where a residual item is posted

C.

The document type of the payment

D.

The special G/L indicator for the down payment

E.

The exclusion of disputed residual items from credit limit checks

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Question # 9

What is the prerequisite for a G/L account to switch off open item management for it?

A.

It has not been posted to.

B.

It has a zero balance.

C.

It has been blocked against postings.

D.

It has no open items.

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Question # 10

The 3-way match is the standard procedure used to post procurement transactions in SAP S/4HANA. How does it work?

A.

The invoice needs to be created in reference to the goods receipt.

B.

The purchase order needs to be created in reference to a purchase request.

C.

The 3 logistical steps each generate financial documents.

D.

The goods receipt needs to be created in reference to the purchase order.

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Question # 11

On what level can you restrict postings using the posting period variant? Note: There are 2 correctanswers to this question.

A.

Customer reconciliation account

B.

Fixed asset number

C.

G/L account

D.

Supplier account

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Question # 12

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 and in FI-GL online and in real time.

B.

Posting is done in FI-AA in real time and in FI-GL once the periodic posting program has run.

C.

Posting is done in FI-AA in real time and in FI-GL once the depreciation posting program has run.

D.

Posting is not done in FI-AA and in FI-GL until the depreciation posting program has run.

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Question # 13

Your company structures its Profit & Loss (P&L) statement according to cost-of-sales accounting. Which organizational unit do you need to define?

A.

Profit center

B.

Business area

C.

Segment

D.

Functional area

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Question # 14

You define payment methods.

Which parameters do you define on the level of the company code? Note: There are 2 correctanswers to this question.

A.

Foreign currency allowed

B.

Minimum and maximum payment amounts

C.

Payment Medium

D.

Permitted Currencies

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Question # 15

You are entering a credit memo in Financial Accounting and are wondering why the enteredpayment terms are being ignored.

What are the reasons? Note: There are 2 correctanswers to this question.

A.

The credit memo was entered in Financial Accounting.

B.

The credit memo was created without reference to an invoice.

C.

The field "Reference" of the credit memo is blank.

D.

The due date determined based on the entered payment terms is in the past.

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Question # 16

Which currency types are defaulted in SAP S/4HANA? Note: There are 2 correctanswers to this question.

A.

30 = Group currency

B.

20 = Controlling area currency

C.

00 = Document currency

D.

10 = Company code currency

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Question # 17

Your system uses parallel currencies.

What is the posting indicator of the depreciation area for the parallel currency?

A.

Does not post to G/L

B.

Posts to G/L in real time

C.

Posts APC real time and depreciation periodically

D.

Posts to G/L periodically

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Question # 18

What are the consequences of the activation of segment reporting in Asset Accounting? Note: There are 2 correctanswers 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.

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Question # 19

On which levels do you define FI-AA account determination? Note: There are 2 correctanswers to this question.

A.

Client

B.

Chart of depreciation

C.

Chart of accounts

D.

Company code

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Question # 20

The SAP Business Network helps customers digitalize cross-company business processes.

On which solutions does the network build? Note: There are 3 correctanswers to this question.

A.

Contingent Workforce

B.

Travel

C.

Human Capital Management

D.

Procurement

E.

Sales

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Question # 21

You need to explain the concept of noted items in SAP S/4HANA.

Which characteristics are specific to noted items? Note: There are 3 correctanswers to this question.

A.

They can be accessed by the payment program and the dunning program.

B.

They are managed as open items on customer and vendor accounts.

C.

They generate statistical postings.

D.

They generate postings that do not balance.

E.

They update the general ledger in Entry View only.

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Question # 22

You perform the depreciation run for your assets. For a specific asset, you would like to post the depreciation costs to a different cost center than the one specified in the asset master data.

How do you achieve this?

A.

By changing the corresponding error into a warning via configuration

B.

By creating a substitution in Financial Accounting line items

C.

By removing the cost center from the asset master data

D.

By setting the "identical" parameter as not activated in the account assignment configuration

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Question # 23

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

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Question # 24

You are trying to extend a G/L account to a new company code but are getting an error for incomplete data. 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 correctanswers to this question.

A.

Account currency

B.

Account number

C.

Field status group

D.

Sort key

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