SAP SAP Certifications C_TS4FI_2023 Questions & Answers

• Question 21:

  You want to assign your 3 newly created company codes to the same controlling area.

  Which settings must be common to all the company codes? Note: There are 2 correctanswers to this question.

  A. Posting period variant

  B. Fiscal year variant

  C. Operating chart of accounts Source

  D. currency for group currency

  Correct Answer: BC

  When assigning newly created company codes to the same controlling area in SAP S/4HANA, it is essential to ensure that certain settings are consistent across all company codes. The required common settings include:

  Fiscal year variant: The fiscal year variant defines the financial periods and special periods used for accounting. Having a common fiscal year variant ensures that all company codes within the same controlling area follow the same financial

  period structure, facilitating consolidated financial reporting and management.

  Operating chart of accounts: The operating chart of accounts is the primary list of accounts used for financial accounting. It must be uniform across all company codes in the same controlling area to ensure consistent financial data recording

  and reporting, enabling accurate internal and external financial analysis.

  These settings ensure that financial data is harmonized across the company codes, supporting integrated financial management and reporting.

• Question 22:

  You want to implement purchase order accruals in SAP S/4HANA.

  Which of the following use cases are relevant? Note: There are 2 correctanswers to this question.

  A. Purchase of raw materials for inventory

  B. Purchase of fixed assets (using direct capitalization method)

  C. Purchase of services

  D. Purchase of consumable materials

  Correct Answer: BC

• Question 23:

  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. Individual supplier accounts with special G/L indicator

  B. Adjustment G/L account for foreign currency

  C. Alternative reconciliation G/L account

  D. Supplier reconciliation G/L account

  Correct Answer: B

• Question 24:

  In which scenarios is the technical clearing account posted? Note: There are 2 correctanswers to this question.

  A. Asset transfer posting between asset classes

  B. Settlement of an investment order to an asset under construction

  C. Direct asset acquisition posting with a vendor invoice (not linked to a purchase order)

  D. Valuated goods receipt on a purchase order with an asset as account assignment

  Correct Answer: CD

• Question 25:

  Which fields are maintained on the chart of accounts level of a G/L account? Note: There are 3 correctanswers to this question.

  A. Group account number

  B. Short text

  C. Alternative account number

  D. Field status group Account

  E. group

  Correct Answer: ABE

  The chart of accounts level in SAP contains several critical fields for a G/L account. These fields help categorize and describe the account, ensuring consistent financial reporting and integration.

  Group Account Number:Used for consolidation purposes, linking similar accounts across different company codes.

  Transaction Code:FS00

  Steps:

  Enter the G/L account.

  Navigate to the "Group Account" tab.

  Enter the group account number.

  Short Text:Provides a brief description of the G/L account, making it easier to identify and understand its purpose.

  Transaction Code:FS00

  Steps:

  Enter the G/L account.

  Navigate to the "Description" tab.

  Enter a short text description.

  Account Group:Determines the number range and field status for the G/L account, ensuring it aligns with the company's chart of accounts structure.

  Transaction Code:FS00

  Steps:

  Enter the G/L account.

  Navigate to the "Control Data" tab.

  Select the appropriate account group.

  Maintaining these fields ensures that the G/L account is accurately reflected in the financial statements and is properly integrated with other financial processes.

• Question 26:

  Where do you assign the currency type?

  A. Accounting principle

  B. Valuation area

  C. Company

  D. Ledger

  Correct Answer: D

• Question 27:

  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 reason

  B. Company code

  C. Reversal method

  D. Document type

  Correct Answer: A

  To post a reversal for a document posted in a closed posting period, you need to configure the reversal reason. This configuration allows you to enter the reversal with a different date than the original document. The reversal reason must be

  set up with specific parameters that permit posting in a different period, thus enabling the reversal even if the original period is closed.

  Access Transaction Code (FB08):Open the transaction for document reversal.

  Enter Document Details:Provide the document number, company code, fiscal year, and specify the reversal reason.

  Select Posting Date:Ensure that the posting date for the reversal is different from the original posting date and falls within an open period.

  Execute Reversal:Confirm the details and execute the reversal process.

  By configuring the reversal reason with appropriate settings, SAP allows you to manage document reversals flexibly, even when dealing with closed periods.

• Question 28:

  As a pre-closing activity, selected suppliers are to confirm their balances.

  Which confirmation procedure do you use when a response is expected only in case of discrepancies?

  A. Account statement

  B. Balance notification

  C. Balance request

  D. Balance confirmation

  Correct Answer: D

• Question 29:

  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. Business area

  B. Segment

  C. Profit center

  D. Company code

  Correct Answer: D

  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.

• Question 30:

  Which date must the system determine when you enter an invoice that needs to be paid?

  A. Order date

  B. Payment date

  C. Reference date

  D. Baseline date

  Correct Answer: D

  When entering an invoice that needs to be paid, the system must determine the baseline date. The baseline date is crucial as it is used to calculate the due date for the payment of the invoice. Here are the key points:

  Baseline Date Definition: The baseline date is typically the invoice date, but it can also be the date of goods receipt or any other date defined in the payment terms.

  Payment Terms Calculation: The payment terms associated with the vendor or the invoice determine the due date for the invoice payment based on the baseline date.

  Due Date Calculation: The system uses the baseline date in conjunction with the payment terms to calculate the due date, ensuring timely payments and accurate cash flow management.

  SAP's Accounts Payable module documentation and configuration guides provide details on how the baseline date is used for calculating payment due dates.