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SAP C_TS4FI_2023 Exam Syllabus Topics:
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NEW QUESTION # 40
You try to create a G/L account but you get an error because the account number is not in the accepted range.
Which object do you need to customize to extend the number range?
- A. Chart of accounts
- B. Account type
- C. Account group
- D. Tolerance group
Answer: C
NEW QUESTION # 41
Where do you assign the currency type?
- A. Company
- B. Accounting principle
- C. Valuation area
- D. Ledger
Answer: D
NEW QUESTION # 42
Which of the following organizational elements can be shared by several company codes? Note: There are 3 correct answers to this question.
- A. Sales organization
- B. Segment
- C. Profit center
- D. Business area
- E. Plant
Answer: B,C,D
NEW QUESTION # 43
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. Profit center
- B. Company code
- C. Segment
- D. Business area
Answer: B
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 # 44
What does the fiscal year variant define? Note: There are 2 correct answers to this question.
- A. The posting periods open for posting
- B. The number of posting periods
- C. The start and end date of posting periods
- D. The authorization to post to special periods
Answer: B,C
NEW QUESTION # 45
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 depreciation posting program has run.
- C. Posting is done in FI-AA in real time and in FI-GL once the periodic posting program has run.
- D. Posting is not done in FI-AA and in FI-GL until the depreciation posting program has run.
Answer: A
NEW QUESTION # 46
Which component of the Intelligent Enterprise allows customers to discover and deploy vertical solutions from SAP and partners?
- A. Industry Cloud
- B. Experience Management
- C. Business Network
- D. Intelligent Suite
Answer: A
NEW QUESTION # 47
On what level can you restrict postings using the posting period variant? Note: There are 2 correct answers to this question.
- A. Supplier account
- B. G/L account
- C. Fixed asset number
- D. Customer reconciliation account
Answer: A,B
NEW QUESTION # 48
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
- B. Separate documents for each and every accounting principle
- C. One document for all accounting principles
- D. One document per accounting principle & one document for all accounting principles
Answer: C
NEW QUESTION # 49
How would you define Intercompany Matching and Reconciliation (ICMR)? Note: There are 2 correct answers to this question.
- A. It is a solution that requires the parallel implementation of SAP Group Reporting Data Collection.
- B. It is a solution that facilitates transaction matching between systems in Central Finance.
- C. It is a solution embedded in the SAP S/4HANA core.
- D. It is a solution that can be integrated with Group Reporting.
Answer: C,D
NEW QUESTION # 50
You want to post a reversal for a document posted in a closed posting period.
Which object do you configure to allow you to enter the reversal with a date different from the original document?
- A. Reversal method
- B. Company code
- C. Document type
- D. Reversal reason
Answer: D
NEW QUESTION # 51
You run a financial statement report and notice the net profit calculated is different than what you expect.
What could cause the issue? Note: There are 2 correct answers to this question.
- A. You have added an account to the wrong node and it is included in the assets section.
- B. You have added an account to the liabilities node that belongs to the financial statement notes.
- C. You selected account group assignment by balance for an account and it is displayed as a liability.
- D. You have accounts that you have not assigned in the financial statement version.
Answer: C,D
NEW QUESTION # 52
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. Field status group
- D. Sort key
Answer: B,C
NEW QUESTION # 53
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. Alternative account number
- B. Account group
- C. Field status group
- D. Short text
- E. Group account number
Answer: B,D,E
NEW QUESTION # 54
On which level do you maintain the currency translation ratio between two currencies?
- A. Valuation type
- B. Exchange rate type
- C. Currency type
- D. Document type
Answer: B
NEW QUESTION # 55
How does the system determine the relevant accounting principle when performing foreign currency valuation?
- A. Via the valuation type
- B. Via the valuation class
- C. Via the valuation area
- D. Via the valuation method
Answer: D
NEW QUESTION # 56
You want to post depreciation costs of one asset to two cost centers. How do you do this?
- A. You assign a real internal 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 a statistical order in the asset master data which you settle periodically to two cost centers.
- D. You assign two real cost centers in the asset master data.
Answer: A
NEW QUESTION # 57
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?
- A. Profit centers
- B. Business areas
- C. Segments
- D. Document splitting
Answer: C
NEW QUESTION # 58
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. Supplier reconciliation G/L account
- B. Adjustment G/L account for foreign currency
- C. Individual supplier accounts with special G/L indicator
- D. Alternative reconciliation G/L account
Answer: B
NEW QUESTION # 59
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 update the general ledger in Entry View only.
- B. They generate statistical postings.
- C. They are managed as open items on customer and vendor accounts.
- D. They generate postings that do not balance.
- E. They can be accessed by the payment program and the dunning program.
Answer: B,C,D
NEW QUESTION # 60
You try to assign an alternative account to a G/L account but receive an error message. What can be the reason?
- A. The alternative account has not been created for the company code.
- B. You have not assigned the alternative chart of accounts to your company.
- C. The alternative account is already assigned to another G/L account for the company code.
- D. You have not assigned the alternative chart of accounts to your operational chart of accounts.
Answer: C
NEW QUESTION # 61
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