SAP SAP Certifications C_TS4FI_2023 Questions & Answers

• Question 11:

  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. You have not assigned the alternative chart of accounts to your company.

  D. The alternative account is already assigned to another G/L account for the company code.

  Correct Answer: D

• Question 12:

  You define the technical clearing account for Integrated Asset Acquisition in Customizing. Which prerequisites must be met? Note: There are 2 correctanswers to this question.

  A. The account is a balance sheet account.

  B. The account is defined as open item managed.

  C. The account is defined in the account determination for each asset class.

  D. The account is defined as a reconciliation account for fixed assets.

  Correct Answer: AD

• Question 13:

  Which object is used to directly support the preparation for consolidation?

  A. Segments/Profit Centers

  B. Functional Areas

  C. Ledgers/Ledger Groups

  D. Company/Trading Partner

  Correct Answer: D

  In SAP S/4HANA, the object used to directly support the preparation for consolidation is the Company/Trading Partner . The trading partner field is essential for intercompanyreconciliation and consolidation processes. It helps in identifying

  and matching intercompany transactions between different entities within a group.

  Company: This represents the individual entities within a corporate group that need to prepare consolidated financial statements.

  Trading Partner: This field is used to record intercompany transactions, ensuring that transactions between different companies within the same group are properly eliminated during the consolidation process.

  By using the Company/Trading Partner relationship, SAP S/4HANA provides a robust mechanism to handle the complexities of intercompany transactions and consolidations, ensuring accurate and compliant financial reporting.

• Question 14:

  Which SAP Fiori apps can be run on any database? Note: There are 2 correctanswers to this question.

  A. Make Bank Transfers

  B. Customer Accounting Document

  C. Manage Chart of Accounts

  D. Accounts Payable Overview

  Correct Answer: AD

• Question 15:

  You want to post depreciation costs of one asset to two cost centers. How do you do this?

  A. You assign a statistical 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 real internal 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.

  Correct Answer: C

  Assigning Real Internal Order:

  To post depreciation costs of one asset to two cost centers, you assign a real internal order in the asset master data. This internal order acts as a cost collector, capturing all depreciation expenses associated with the asset.

  Periodic Settlement to Cost Centers:

  The internal order is settled periodically to the two cost centers. This process involves transferring the accumulated costs from the internal order to the designated cost centers based on predefined settlement rules. This ensures that the

  depreciation costs are accurately distributed across the appropriate cost centers, reflecting the actual usage or benefit derived from the asset.

• Question 16:

  Which of the following organizational elements can be shared by several company codes? Note: There are 3 correctanswers to this question.

  A. Segment

  B. Business area

  C. Sales organization

  D. Plant

  E. Profit center

  Correct Answer: ABE

  In SAP S/4HANA, the following organizational elements can be shared by several company codes, facilitating integrated financial reporting and control: Segment: Segments are used for external reporting, especially under IFRS and US GAAP. They allow you to create financial statements for different parts of the organization. Segments can be used across multiple company codes, providing consistent reporting across the organization. Path:SPRO SAP Reference IMG Enterprise Structure Definition Financial Accounting Define Segment Transaction Code:GS00 Business Area: Business areas represent different areas of operations within an organization and allow for financial reporting across company codes. They provide a way to segment financial data for internal and external reporting purposes. Path:SPRO SAP Reference IMG Enterprise Structure Definition Financial Accounting Define Business Area Transaction Code:OB00 Profit Center: Profit centers are used for internal management reporting, allowing the company to analyze the profitability of different areas of the business. Profit centers can be shared across multiple company codes, enabling a unified approach to performance analysis. Path:SPRO SAP Reference IMG Controlling Profit Center Accounting Basic Settings Maintain Controlling Area Settings Transaction Code:KE51

• Question 17:

  You post an incoming payment from a customer with a residual item for a payment difference. What are the consequences? Note: There are 2 correctanswers to this question.

  A. The residual item is written off to a cost account.

  B. The residual item becomes a new receivable.

  C. Both the original open item and the residual item remain on the account as open items.

  D. The original document and the payment are cleared.

  Correct Answer: BD

  Residual Item Becomes a New Receivable: When you post an incoming payment with a residual item, the remaining balance that is not covered by the payment is treated as a new receivable. This means a new open item is created in the

  customer's account representing the unpaid amount.

  Original Document and Payment are Cleared: The original invoice and the payment are cleared in the accounting system. This involves matching the payment against the original invoice, thereby updating the status of the original invoice to

  cleared and creating a new open item for the residual amount.

  References

  Detailed procedures on how these processes are managed within SAP can be found in SAP training materials and configuration documents. Specifically, the handling of residual items and the clearing process are elaborated in SAP FICO

  modules documentation.

• Question 18:

  At which levels do you choose between direct and indirect quotation? Note: There are 2 correctanswers to this question.

  A. Exchange rate type

  B. Country

  C. Company code

  D. Client

  Correct Answer: AD

  In SAP S/4HANA, the configuration to choose between direct and indirect quotation for exchange rates can be done at the following levels:

  Exchange Rate Type Level:

  Exchange rate types define how exchange rates are maintained and used within the system. Each exchange rate type can have a different configuration for direct or indirect quotation.

  Path:SPRO SAP Reference IMG SAP NetWeaver General Settings Currencies Define Translation Ratios for Currency Translation

  Transaction Code:OBBS

  In this configuration, you set whether the exchange rate type uses direct or indirect quotation, impacting how currency conversions are processed in transactions.

  Client Level:

  The client level encompasses all company codes within the SAP environment, ensuring consistent application of currency exchange settings across the organization.

  Path:SPRO SAP Reference IMG SAP NetWeaver General Settings Currencies Check Exchange Rate Types

  Transaction Code:OB08

  This configuration ensures that the choice between direct and indirect quotation is consistently applied across all company codes and modules within the client.

• Question 19:

  SAP S/4HANA has introduced the Universal Journal (table ACDOCA) which represents the single source of truth.

  Which line items are recorded in the table ACDOCA? Note: There are 3 correctanswers to this question.

  A. Primary costs resulting from a distribution

  B. Secondary costs resulting from an assessment

  C. Intercompany postings

  D. Budgeted costs for a cost center

  E. Plan depreciation amounts

  Correct Answer: ACE

  The Universal Journal (table ACDOCA) in SAP S/4HANA consolidates financial and management accounting data into a single line item table, providing a comprehensive and unified source of truth. The following types of line items are

  recorded in ACDOCA:

  Primary costs resulting from a distribution:

  Primary costs are direct costs that are allocated from one cost object to another. These include costs like raw materials or external services that are distributed to cost centers, internal orders, or other cost objects.

  KSV5 .

  Example: Distribution transactions performed using transaction

  Secondary costs resulting from an assessment:

  Secondary costs are internal costs allocated within the organization, such as overhead costs. These costs are recorded in ACDOCA to ensure detailed internal reporting.

  Example: Assessment transactions performed using transaction KSU5 .

  Intercompany postings:

  Intercompany transactions are financial transactions that occur between different company codes within the same organization. These postings ensure that intercompany activities are accurately tracked and reflected in the financial

  statements.

  Example: Intercompany allocations performed using transaction 1KEK .

• Question 20:

  You have made an agreement with a customer to guarantee an amount of EUR 10000. What is the result of recording this guarantee in SAP S/4HANA?

  A. Two statistical line items

  B. Two noted items

  C. One noted item

  D. One statistical line item

  Correct Answer: D