C-TS4FI-2023 SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Web-Based Practice Exam

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SAP C-TS4FI-2023 Exam Syllabus Topics:

Topic	Details
Topic 1	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 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	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 4	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.
Topic 5	General Ledger Accounting: Under this topic, the focus is on creating and maintaining general ledger accounts, bank master data, and house banks.

SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Sample Questions (Q46-Q51):

NEW QUESTION # 46
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 original document and the payment are cleared.
C. Both the original open item and the residual item remain on the account as open items.
D. The residual item becomes a new receivable.

Answer: C,D

NEW QUESTION # 47
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. Alternative reconciliation G/L account
D. Individual supplier accounts with special G/L indicator

Answer: A

Explanation:
In SAP S/4HANA, foreign currency valuation is performed to revalue open items in supplier accounts at the end of a period. Since the valuations are intended only for period-end reporting and will be reversed, the system uses a specific G/L account to post the valuation differences. Let's analyze each option to determine the correct answer.
Explanation of Each Option:
B. Adjustment G/L account for foreign currency
* Correct : The adjustment G/L account for foreign currency is specifically designed to record valuation differences resulting from foreign currency revaluation. This account is used to post unrealized gains or losses due to exchange rate fluctuations. Since the valuation is temporary and will be reversed, the adjustment account ensures that the supplier reconciliation account remains unaffected.
* Reference : According to SAP documentation, the adjustment G/L account for foreign currency is the standard account used for posting valuation differences during foreign currency revaluation.
A. Individual supplier accounts with special G/L indicator
* Incorrect : Supplier accounts with a special G/L indicator (e.g., down payments or guarantees) are not used for posting foreign currency valuation differences. These accounts are reserved for specific types of transactions and do not serve the purpose of recording temporary valuation adjustments.
* Reference : Special G/L indicators are used for unique accounting treatments but are not relevant for foreign currency valuation postings.
C. Alternative reconciliation G/L account
* Incorrect : The alternative reconciliation G/L account is an optional account used for specific reconciliation purposes, such as alternative account assignments. It is not used for posting foreign currency valuation differences. The primary reconciliation account for suppliers remains unchanged during the valuation process.
* Reference : Alternative reconciliation accounts are not involved in foreign currency valuation postings.
D. Supplier reconciliation G/L account
* Incorrect : The supplier reconciliation G/L account is the main account used to reconcile supplier transactions. However, during foreign currency valuation, the system does not post directly to this account to avoid altering the actual balance of the supplier account. Instead, the valuation differences are posted to the adjustment G/L account.
* Reference : The reconciliation account is updated only during actual transactions, not during temporary adjustments like foreign currency valuation.
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Finance for Foreign Currency Valuation : Explains the role of the adjustment G/L account in posting valuation differences for open items.
* SAP Help Portal - Foreign Currency Revaluation : Provides detailed guidance on configuring and executing foreign currency valuation, including the use of adjustment accounts.
* Reconciliation Accounts in SAP S/4HANA : Highlights the distinction between reconciliation accounts and adjustment accounts for foreign currency postings.
* Period-End Closing Activities : Describes how foreign currency valuation is performed and reversed as part of period-end reporting.

NEW QUESTION # 48
You run the balance carry forward for your company code. When looking at the log you see there is an error with regards to Asset Accounting.
What is the cause of the error?

A. You have incomplete asset master records.
B. You have not closed the previous fiscal year.
C. You have not posted depreciation completely.
D. You have not run the settlement for your assets under construction.

Answer: A

NEW QUESTION # 49
Which of the following can you use to explore released APIs?

A. SAP Integration Suite
B. SAP Application Interface Framework
C. SAP Business Accelerator Hub

Answer: C

NEW QUESTION # 50
Your organization has heard about SAP Intercompany Matching and Reconciliation (ICMR) and is wondering whether it could address their needs.
For which purposes can ICMR be useful?
Note: There are 2 correct answe-rs to this que-stion.

A. To generate automatic elimination of intercompany AR/AP balances
B. To generate automatic posting to correct intercompany discrepancy
C. To highlight and solve intercompany data discrepancy triggering a workflow
D. To trigger elimination of intercompany revenues & costs based on rules configured

Answer: B,C

NEW QUESTION # 51
......

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