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Practice SAP C-TS4FI-2023 Test Engine - C-TS4FI-2023 Braindumps

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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

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 3

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.

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SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Sample Questions (Q23-Q28):

NEW QUESTION # 23
What is the role of the valuation method in the foreign currency valuation? Note: There are 3 correct answers to this question.

A. Define the document type for the valuation posting
B. Define the posting and reversal date for the valuation posting
C. Determine the exchange rate type
D. Determine the G/L accounts for the valuation posting
E. Define the valuation procedure

Answer: C,D,E

Explanation:
In SAP S/4HANA, foreign currency valuation is a process used to revalue open items and balance sheet accounts in foreign currencies at the end of a period. The valuation method plays a critical role in this process by defining how the valuation is performed. Let's analyze each option to determine the correct answers.
Explanation of Each Option:
B. Define the valuation procedure
* Correct : The valuation method determines the valuation procedure , which specifies how accounts are revalued (e.g., open items, balance sheet accounts). The valuation procedure ensures that the correct accounts and items are included in the valuation process.
* Reference : According to SAP documentation, the valuation method is linked to the valuation procedure, which governs the rules for revaluing accounts and open items.
C. Determine the exchange rate type
* Correct : The valuation method specifies the exchange rate type to be used for revaluation. For example, it may use the month-end rate or another predefined rate type. This ensures consistency and compliance with accounting standards during the valuation process.
* Reference : SAP documentation confirms that the valuation method defines the exchange rate type to ensure accurate revaluation of foreign currency balances.
D. Determine the G/L accounts for the valuation posting
* Correct : The valuation method determines the G/L accounts used for valuation postings, such as the unrealized gains/losses accounts. These accounts are updated during the valuation process to reflect the impact of currency fluctuations.
* Reference : SAP allows the valuation method to specify the G/L accounts for unrealized gains and losses, ensuring proper accounting treatment.
A. Define the document type for the valuation posting
* Incorrect : The document type for the valuation posting is defined at the configuration level for foreign currency valuation, not within the valuation method itself. While the document type is important for posting, it is not controlled by the valuation method.
* Reference : Document types are configured separately and are independent of the valuation method.
E. Define the posting and reversal date for the valuation posting
* Incorrect : The posting and reversal dates for the valuation posting are determined during the execution of the valuation run, not by the valuation method. These dates are typically based on the key date specified in the valuation process.
* Reference : Posting and reversal dates are runtime parameters and are not part of the valuation method configuration.
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Finance for Foreign Currency Valuation : Explains the role of the valuation method in defining the valuation procedure, exchange rate type, and G/L accounts.
* SAP Help Portal - Foreign Currency Valuation : Provides detailed guidance on configuring valuation methods and their impact on the valuation process.
* Valuation Procedure Configuration : Highlights how the valuation method determines the rules for revaluing accounts and open items.
* Exchange Rate Types in SAP S/4HANA : Describes how exchange rate types are used in foreign currency valuation and their assignment in the valuation method.

NEW QUESTION # 24
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. Functional area
C. Business area
D. Segment

Answer: B

NEW QUESTION # 25
At which levels can the print program and its variant be assigned to the correspondence type? Note: There are
2 correct answers to this question.

A. System
B. Company
C. Company code
D. Client

Answer: C,D

Explanation:
In SAP S/4HANA, the print program and its variant are used to define how correspondence (e.g., dunning letters, payment advice, or account statements) is printed or output for specific correspondence types. These settings can be assigned at different organizational levels to ensure flexibility and customization. Let's analyze each option to determine the correct answers.
Explanation of Each Option:
C. Client
* Correct : The print program and its variant can be assigned to the correspondence type at the client level . This allows the configuration to apply globally across all company codes within the client. If no specific settings are defined at lower levels (e.g., company code), the system uses the client-level configuration as the default.
* Reference : According to SAP documentation, client-level assignments provide a global configuration that serves as a fallback for all company codes unless overridden at a lower level.
D. Company code
* Correct : The print program and its variant can also be assigned to the correspondence type at the company code level . This allows for company-specific customization of correspondence printing. For example, different company codes may require different print programs or variants due to legal or operational requirements.
* Reference : SAP documentation confirms that company code-specific assignments override client-level configurations, enabling tailored correspondence processing for individual company codes.
A. System
* Incorrect : The system level is not a valid assignment level for print programs and variants in SAP S
/4HANA. Configuration in SAP is typically performed at organizational levels such as client or company code, not at the system level.
* Reference : System-level settings are unrelated to correspondence types and print programs.
B. Company
* Incorrect : The company is an organizational unit used for consolidation purposes in SAP S/4HANA.
It is not relevant for assigning print programs and variants to correspondence types. Correspondence types are configured at the client or company code level, not at the company level.
* Reference : Companies are used for external reporting and consolidation, not for defining operational settings like print programs.
Key References to SAP Documentation:
* SAP S/4HANA Finance for Correspondence Types : Explains how print programs and variants are assigned to correspondence types at different organizational levels.
* SAP Help Portal - Print Program Configuration : Provides detailed guidance on configuring print programs and their variants for correspondence types.
* Client and Company Code Configuration : Highlights the distinction between client-level and company code-level configurations in SAP S/4HANA.
* Correspondence Management in SAP S/4HANA : Describes how correspondence types are customized for different organizational units.

NEW QUESTION # 26
What are some SAP recommended guiding principles to achieve clean core operations? Note: There are 3 correct answers to this question.

A. Establish an organizational structure, technical foundation, and transformation methodology for clean core.
B. Establish regular housekeeping tasks and procedures.
C. Define roles and responsibilities as part of a process transformation office.
D. Integrate clean core practices in the end-to-end value process chain.
E. Establish release management.

Answer: B,C,D

NEW QUESTION # 27
In which scenarios is the technical clearing account posted? Note: There are 2 correct answers to this question.

A. Settlement of an investment order to an asset under construction
B. Valuated goods receipt on a purchase order with an asset as account assignment
C. Asset transfer posting between asset classes
D. Direct asset acquisition posting with a vendor invoice (not linked to a purchase order)

Answer: B,D

NEW QUESTION # 28
......

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