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C_TS4FI_2023 Latest Study Notes, C_TS4FI_2023 Valid Exam Format

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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

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 3

Managing Clean Core: It explores clean core principles in ERP systems to maximize business process agility, reduce adaptation efforts, and accelerate innovation within the organization.

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

General Ledger Accounting: Under this topic, the focus is on creating and maintaining general ledger accounts, bank master data, and house banks.

>> C_TS4FI_2023 Latest Study Notes <<

C_TS4FI_2023 Valid Exam Format | Reliable C_TS4FI_2023 Braindumps Free

All operating systems also support this web-based C_TS4FI_2023 practice test. The third format is desktop SAP C_TS4FI_2023 practice exam software that can be accessed easily after installing it on your Windows PC or Laptop. These formats are there so that the students can use them as per their unique needs and prepare successfully for SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting (C_TS4FI_2023) the on first try.

SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Sample Questions (Q47-Q52):

NEW QUESTION # 47
When defining a new standard ledger, which action must you take to manually post a general journal entry to it?

A. Assign the ledger to a company code
B. Assign a chart of accounts to the ledger
C. Define the underlying ledger
D. Include the ledger in a ledger group

Answer: D

Explanation:
In SAP S/4HANA, when defining a new standard ledger , you must take specific actions to enable manual postings of general journal entries to it. The critical step is to include the ledger in a ledger group . Let's analyze each option to determine the correct answer.
Explanation of Each Option:
A. Include the ledger in a ledger group
* Correct : To manually post a general journal entry to a new standard ledger, the ledger must be included in a ledger group . Ledger groups are used to define which ledgers are active for posting in specific company codes. By including the ledger in a ledger group and assigning that group to a company code, the system allows postings to the ledger.
* Reference : According to SAP documentation, ledger groups control the availability of ledgers for posting purposes. Without being part of a ledger group, a ledger cannot be used for manual postings.
B. Define the underlying ledger
* Incorrect : Defining the underlying ledger is not relevant for enabling manual postings. The underlying ledger concept applies to extension ledgers, which inherit data from a base ledger. Standard ledgers do not have an underlying ledger, so this action is unnecessary.
* Reference : Underlying ledgers are specific to extension ledgers and are unrelated to standard ledgers.
C. Assign a chart of accounts to the ledger
* Incorrect : While assigning a chart of accounts to the ledger is necessary for configuration, it is not sufficient to enable manual postings. The ledger must also be included in a ledger group to allow postings. Assigning a chart of accounts only ensures that the ledger has access to G/L accounts but does not activate it for posting.
* Reference : Assigning a chart of accounts is a prerequisite for ledger setup but does not directly enable posting capabilities.
D. Assign the ledger to a company code
* Incorrect : Assigning the ledger to a company code is not sufficient to enable manual postings. The ledger must first be included in a ledger group, which is then assigned to the company code. Direct assignment of a ledger to a company code without a ledger group will not activate it for posting.
* Reference : Ledger groups act as intermediaries between ledgers and company codes for posting purposes.
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Finance for Parallel Accounting : Explains the role of ledger groups in enabling postings to parallel ledgers.
* SAP Help Portal - Ledger Groups : Provides detailed guidance on configuring ledger groups and their importance in controlling ledger availability for postings.
* Ledger Configuration in SAP S/4HANA : Describes how standard ledgers are set up and activated for use in financial accounting.
* Universal Journal (ACDOCA) : Highlights the integration of ledgers and ledger groups in the Universal Journal framework.

NEW QUESTION # 48
You try to assign an alternative account to a G/L account but receive an error message. What can be the reason?

A. You have not assigned the alternative chart of accounts to your operational chart of accounts.
B. The alternative account has not been created for the company code.
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 company.

Answer: C

NEW QUESTION # 49
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 correct answers to this question.

A. Document splitting
B. Profitability segments
C. Business areas
D. Segments
E. Profit centers

Answer: C,D,E

Explanation:
Segment reporting in SAP S/4HANA is essential for organizations that need to comply with IFRS (International Financial Reporting Standards) or other accounting principles requiring the disclosure of financial performance by business segments. In this scenario, the company needs to issue a full financial statement for its two main divisions: "Consumer Products" and "Professional Products." Let's analyze each option to determine the correct answers.
Explanation of Each Option:
C. Segments
* Correct : Segments are explicitly designed for external reporting under IFRS and other accounting standards. They represent the primary structure for segment reporting in SAP S/4HANA.
* Segments are derived from Profitability Analysis (CO-PA) and are used to report revenue, expenses, assets, and liabilities by division or business unit.
* Reference : According to IFRS 8 (Operating Segments), companies must disclose financial information about their operating segments. In SAP S/4HANA, segments are integrated into the Universal Journal (ACDOCA) and are automatically updated during financial postings.
D. Profit centers
* Correct : Profit centers are organizational units within Controlling (CO) that represent specific areas of responsibility within an organization. They can be used for internal management reporting and, indirectly, for segment reporting.
* Profit centers provide detailed insights into profitability by division or product line. While they are not directly used for IFRS-compliant external reporting, they play a critical role in segment reporting because they can be mapped to segments for external disclosures.
* Reference : Profit centers are linked to segments via configuration in SAP S/4HANA, enabling seamless integration between internal and external reporting.
E. Business areas
* Correct : Business areas are another organizational unit in SAP S/4HANA that can be used for segment reporting. They allow financial statements to be prepared based on business divisions or product lines.
* Business areas are particularly useful for segment reporting when profit centers are not fully implemented or when additional granularity is required. However, note that business areas are optional in SAP S/4HANA and require manual activation.
* Reference : Business areas are supported in the Universal Journal (ACDOCA) and can be used to generate financial statements by division, aligning with IFRS requirements.
A. Profitability segments
* Incorrect : Profitability segments are part of Profitability Analysis (CO-PA) and are primarily used for internal management reporting. While they provide detailed profitability data, they are not directly used for IFRS-compliant external segment reporting.
* Reference : Profitability segments focus on cost-of-sales accounting and profitability analysis rather than external financial disclosures.
B. Document splitting
* Incorrect : Document splitting ensures that financial documents are split at the line-item level to maintain balance sheet integrity across dimensions like profit centers or segments. While document splitting supports accurate reporting, it is not a standalone requirement for segment reporting.
* Reference : Document splitting is a technical feature that ensures proper allocation of financial postings but does not define the structure for segment reporting.
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Finance for Group Reporting : Explains how segments are configured and used for IFRS-compliant external reporting.
* SAP Help Portal - Segment Reporting : Provides detailed guidance on using segments, profit centers, and business areas for segment reporting.
* IFRS 8 - Operating Segments : Outlines the requirements for segment reporting under IFRS, which SAP S/4HANA supports through its segment functionality.
* SAP S/4HANA Universal Journal : Describes how segments, profit centers, and business areas are integrated into the ACDOCA table for real-time reporting.

NEW QUESTION # 50
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. Business area
C. Segment
D. Company code

Answer: D

Explanation:
For a company based in France with a permanent establishment in Switzerland where financial statements are required by law, the necessary organizational unit to create is:
Company code: A company code represents an independent accounting unit within SAP. It is the smallest organizational unit for which a complete, self-contained set of accounts can be drawn up for purposes of external reporting. Creating a separate company code for the Swiss establishment ensures that financial transactions are recorded in compliance with local legal requirements and financial statements are generated accordingly.
By establishing a company code for the Swiss location, the organization ensures compliance with Swiss financial regulations and accurate financial reporting.
References
* [28:1†1709119988077.pdf]
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.

NEW QUESTION # 51
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 creating a substitution in Financial Accounting line items
B. By removing the cost center from the asset master data
C. By setting the "identical" parameter as not activated in the account assignment configuration
D. By changing the corresponding error into a warning via configuration

Answer: A

Explanation:
To post depreciation costs to a different cost center than the one specified in the asset master data during the depreciation run, you can create a substitution rule in Financial Accounting. This allows the system to override the cost center specified in the asset master record with a different cost center at the time of posting.
* Creating a Substitution Rule:
* Access the substitution configuration via transaction code GGB1.
* Define a substitution for the appropriate company code and ledger.
* Specify the conditions under which the substitution should occur. In this case, it would be when the depreciation run is posting the expense.
* Define the substitution logic to replace the original cost center with the desired cost center.
* Implementing the Substitution:
* Ensure that the substitution rule is correctly assigned and active.
* Test the substitution by running a sample depreciation posting to verify that the costs are being posted to the new cost center.
This approach provides flexibility and control over cost center assignments without needing to alter the master data directly, ensuring accurate and intentional financial postings.
References:
* Business Processes in Management Accounting in SAP S/4HANA .
* SAP S/4HANA Configuration Document.

NEW QUESTION # 52
......

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