Free PDF Quiz Authoritative SAP - C_TS4FI_2023 - Practice SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Exam

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SAP C_TS4FI_2023 Exam Syllabus Topics:

Topic	Details
Topic 1	Overview and Deployment of SAP S 4HANA: The topic gives an overview of SAP HANA architecture. Moreover, it describes the scope and deployment options of SAP S 4HANA.
Topic 2	General Ledger Accounting: Under this topic, the focus is on creating and maintaining general ledger accounts, bank master data, and house banks.
Topic 3	Organizational Assignments and Process Integration: It focuses on managing organizational units, currencies, validations, document types, and number ranges. It also involves utilizing reporting tools and configuring substitutions.
Topic 4	Financial Closing: This topic covers performing month and year-end closing tasks in Financial Accounting. It involves monitoring closing operations using the Financial Closing Cockpit, managing accruals, and handling posting periods.
Topic 5	Accounts Payable & Accounts Receivable: It covers reversing invoices and payments, blocking open invoices for payment, configuring the payment program, defining payment medium workbench settings, and handling debit balance checks.

SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Sample Questions (Q65-Q70):

NEW QUESTION # 65
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. 30 = Group currency
D. 20 = Controlling area currency

Answer: A,B

Explanation:
In SAP S/4HANA, currency types are critical as they define the currencies in which transactions and reports are recorded. The default currency types in SAP S/4HANA include:
* 00 = Document currency: This is the currency in which the original transaction is recorded. It is essential for maintaining the accuracy and consistency of transactional data.
* 10 = Company code currency: Also known as the local currency, this is the currency used for the company's internal accounting and financial reporting. Each company code is assigned a specific local currency, ensuring that financial statements are prepared in a standardized manner.
These currency types are foundational in SAP S/4HANA and are automatically included in the system configuration to support various financial operations and reporting needs.
References
* [25:26†SAP 4_HANA FICO.pdf]
* [28:1†1709119988077.pdf]
Organizational Assignments and Process Integration

NEW QUESTION # 66
Which physical inventory methods are available in SAP S/4HANA? Note: There are 3 correct answers to this question.

A. Periodic inventory method
B. Continuous inventory method
C. Cycle counting method
D. Standard inventory method
E. Actual inventory method

Answer: A,B,E

NEW QUESTION # 67
You have activated the WBS Element (not related to Investment Management) as an account assignment for asset accounting with the parameters "balan sheet" and "identical" active.
What are the consequences? Note: There are 2 correct answers to this question.

A. The WBS Element is available for input in the asset master record.
B. The WBS Element can no longer be changed in the asset master record once the asset is capitalized.
C. The WBS Element cannot be used anymore for settlement.
D. The WBS Element from the asset master data can be changed during planned depreciation posting.

Answer: A,B

Explanation:
Comprehensive Detailed Explanation with all SAP S/4HANA Cloud References When you activate the WBS Element (not related to Investment Management) as an account assignment object in Asset Accounting (FI-AA) with the parameters "balance sheet" and "identical" , it has specific implications for how the WBS Element behaves in asset accounting. Let's analyze each option to determine the correct answers.
Explanation of Each Option:
A. The WBS Element is available for input in the asset master record.
* Correct : When the WBS Element is activated as an account assignment object in Asset Accounting, it becomes available for input in the asset master record. This allows you to assign a WBS Element to an asset for cost tracking and reporting purposes.
* Reference : According to SAP documentation, activating the WBS Element as an account assignment object makes it accessible in the asset master record for balance sheet-related assets.
C. The WBS Element can no longer be changed in the asset master record once the asset is capitalized.
* Correct : Once an asset is capitalized (i.e., when the first acquisition or production cost posting occurs), the WBS Element in the asset master record becomes locked and cannot be changed. This ensures consistency in financial reporting and prevents discrepancies in cost assignments after capitalization.
* Reference : SAP enforces this restriction to maintain the integrity of financial data and ensure that the WBS Element remains consistent throughout the asset's lifecycle.
B. The WBS Element from the asset master data can be changed during planned depreciation posting.
* Incorrect : The WBS Element in the asset master record cannot be changed after the asset is capitalized, even during planned depreciation postings. Once the asset is capitalized, the WBS Element is fixed and cannot be modified.
* Reference : SAP documentation confirms that changes to the WBS Element are restricted after capitalization to ensure accurate and consistent reporting.
D. The WBS Element cannot be used anymore for settlement.
* Incorrect : The WBS Element can still be used for settlement purposes, provided it is not locked or restricted by other configurations. Activating the WBS Element as an account assignment object does not inherently prevent its use in settlement processes.
* Reference : The WBS Element remains functional for settlement unless explicitly restricted by additional settings in Project System (PS) or Asset Accounting (FI-AA).
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Finance for Asset Accounting (FI-AA) : Explains the activation and behavior of WBS Elements as account assignment objects in Asset Accounting.
* SAP Help Portal - Account Assignment Objects in FI-AA : Provides detailed guidance on how WBS Elements interact with asset master records and their restrictions after capitalization.
* Asset Master Record Configuration : Describes the impact of activating WBS Elements with parameters like "balance sheet" and "identical."
* Integration of PS and FI-AA : Highlights the role of WBS Elements in settlement and cost tracking.

NEW QUESTION # 68
Which of the following currency types can be defined for a specific ledger? Note: There are 3 correct answers to this question.

A. 40 = Hard currency
B. 10 = Company code currency
C. 30 = Group currency
D. 00 = Document currency
E. 60 = Global company currency

Answer: B,C,D

Explanation:
Comprehensive Detailed Explanation with all SAP S/4HANA Cloud References In SAP S/4HANA, ledgers are used to manage financial accounting data and support parallel accounting requirements (e.g., local GAAP vs. IFRS). Each ledger can be configured with specific currency types to meet reporting and compliance needs. Let's analyze each option to determine which currency types can be defined for a specific ledger.
Explanation of Each Option:
B. 00 = Document currency
* Correct : The document currency (currency type 00) is the currency in which a financial transaction is originally recorded. It is always available in every ledger because it ensures that the original transaction amount is preserved for reporting and reconciliation purposes.
* For example, if an invoice is issued in USD, the document currency will be USD. This currency type is essential for maintaining accurate financial records.
* Reference : According to SAP documentation, the document currency is stored in the Universal Journal (ACDOCA) and is a mandatory field for every financial posting.
D. 10 = Company code currency
* Correct : The company code currency (currency type 10) is the default currency of the company code.
It is automatically available in every ledger and is used as the primary currency for legal reporting and balance sheet preparation.
* For example, if the company code currency is EUR, all postings are converted to EUR for reporting purposes, regardless of the document currency.
* Reference : The company code currency is defined during the creation of the company code and is a key component of financial reporting at the company code level.
E. 30 = Group currency
* Correct : The group currency (currency type 30) is used for consolidation purposes and represents the currency of the corporate group or headquarters. It can be defined for specific ledgers to support group reporting requirements, such as preparing consolidated financial statements.
* For example, if the group currency is USD, financial data from multiple company codes can be converted to USD for consolidation.
* Reference : Group currency is critical for external reporting under IFRS and is supported in SAP S
/4HANA through ledger configuration.
A. 60 = Global company currency
* Incorrect : The global company currency (currency type 60) is not a standard currency type in SAP S
/4HANA. While some custom implementations might use this term, it is not officially recognized in SAP documentation for ledger configuration.
* Reference : SAP S/4HANA supports predefined currency types like document currency, company code currency, and group currency, but global company currency is not part of the standard configuration.
C. 40 = Hard currency
* Incorrect : Hard currency (currency type 40) is a special currency type used in countries with high inflation or currency instability. It is not typically defined for specific ledgers unless required by local regulations.
* Reference : Hard currency is optional and is only relevant in specific scenarios, such as hyperinflationary economies. It is not a standard requirement for ledger configuration.
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Finance for Parallel Accounting : Explains how different currency types are used in ledgers to support parallel accounting requirements.
* SAP Help Portal - Currency Types in Ledgers : Provides detailed guidance on configuring currency types for specific ledgers.
* Universal Journal (ACDOCA) : Highlights that document currency (00), company code currency (10), and group currency (30) are stored in the universal journal and are essential for financial reporting.
* Group Reporting in SAP S/4HANA : Describes the use of group currency (30) for consolidation purposes.

NEW QUESTION # 69
On which level do you maintain the currency translation ratio between two currencies?

A. Currency type
B. Exchange rate type
C. Valuation type
D. Document type

Answer: B

NEW QUESTION # 70
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FREE PDF QUIZ AUTHORITATIVE SAP - C_TS4FI_2023 - PRACTICE SAP CERTIFIED ASSOCIATE - SAP S/4HANA CLOUD PRIVATE EDITION, FINANCIAL ACCOUNTING EXAM

Free PDF Quiz Authoritative SAP - C_TS4FI_2023 - Practice SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Exam