SAP SAP Certifications C_TS4FI_2023 Questions & Answers

• Question 31:

  You run a financial statement report and notice the net profit calculated is different than what you expect.

  What could cause the issue? Note: There are 2 correctanswers to this question.

  A. You have added an account to the wrong node and it is included in the assets section.

  B. You have added an account to the liabilities node that belongs to the financial statement notes.

  C. You have accounts that you have not assigned in the financial statement version.

  D. You selected account group assignment by balance for an account and it is displayed as a liability.

  Correct Answer: AC

• Question 32:

  What does the fiscal year variant define? Note: There are 2 correctanswers to this question.

  A. The posting periods open for posting

  B. The number of posting periods

  C. The start and end date of posting periods

  D. The authorization to post to special periods

  Correct Answer: BC

• Question 33:

  You are trying to extend a G/L account to a new company code but are getting an error for incomplete data. All customizable fields have been set to option in the field status.

  Which fields must you always maintain when extending a G/L account? Note: There are 2 correctanswers to this question.

  A. Account currency

  B. Account number

  C. Field status group

  D. Sort key

  Correct Answer: AC

  When extending a G/L account to a new company code in SAP, it is essential to maintain certain mandatory fields even if all customizable fields are set to optional in the field status. These fields ensure that the account is properly configured

  for financial transactions.

  Account Currency:This field specifies the currency in which the account is maintained. It is crucial for financial reporting and transaction processing.

  Transaction Code:FS00

  Steps:

  Enter the G/L account and the company code.

  Navigate to the "Currency/Tax" tab.

  Enter the appropriate account currency.

  Field Status Group:This field controls the input fields during document entry. It determines which fields are required, optional, or suppressed.

  Transaction Code:FS00

  Steps:

  Enter the G/L account and the company code.

  Navigate to the "Control Data" tab.

  Select the field status group relevant to the account.

  Without maintaining these fields, the G/L account setup will be incomplete, and you will encounter errors during transactions.

• Question 34:

  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 changing the corresponding error into a warning via configuration

  B. By creating a substitution in Financial Accounting line items

  C. By removing the cost center from the asset master data

  D. By setting the "identical" parameter as not activated in the account assignment configuration

  Correct Answer: B

  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:

  GGB1 .

  Access the substitution configuration via transaction code

  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.

• Question 35:

  You notice that in the entry view of a document you have fewer items than in the general ledger view.

  What is the reason for this?

  A. The sub-ledger accounts are shown in details in the general ledger view.

  B. An extension ledger has been configured.

  C. Document splitting has been activated.

  D. The sales tax is posted in details in the general ledger view.

  Correct Answer: C

• Question 36:

  What can you control with the reason code in Accounts Receivable? Note: There are 3 correctanswers to this question.

  A. The type of payment notice sent to a customer

  B. The account where a residual item is posted

  C. The document type of the payment

  D. The special G/L indicator for the down payment

  E. The exclusion of disputed residual items from credit limit checks

  Correct Answer: ADE

• Question 37:

  You post an unplanned depreciation to an asset. What is the effect on FI-AA and FI-GL?

  A. Posting is done in FI-AA and in FI-GL online and in real time.

  B. Posting is done in FI-AA in real time and in FI-GL once the periodic posting program has run.

  C. Posting is done in FI-AA in real time and in FI-GL once the depreciation posting program has run.

  D. Posting is not done in FI-AA and in FI-GL until the depreciation posting program has run.

  Correct Answer: A

  When an unplanned depreciation is posted to an asset in SAP S/4HANA, the system immediately updates both the Asset Accounting (FI-AA) and the General Ledger (FI-GL) in real time. This ensures that the financial statements reflect the

  most accurate and up-to-date information without waiting for any periodic posting programs.

  FI-AA Posting:

  The unplanned depreciation is recorded in the asset sub-ledger, reducing the asset's book value.

  The asset master data is updated with the new depreciation values.

  Transaction Code:

  ABAA for unplanned depreciation.

  FI-GL Posting:

  The corresponding FI-GL accounts are also updated immediately. This includes posting the depreciation expense and adjusting the accumulated depreciation account.

  Real-time integration between FI-AA and FI-GL ensures that both ledgers are synchronized, providing a consistent view of the financial data.

• Question 38:

  How would you define Intercompany Matching and Reconciliation (ICMR)? Note: There are 2 correctanswers to this question.

  A. It is a solution that requires the parallel implementation of SAP Group Reporting Data Collection.

  B. It is a solution that facilitates transaction matching between systems in Central Finance.

  C. It is a solution that can be integrated with Group Reporting.

  D. It is a solution embedded in the SAP S/4HANA core.

  Correct Answer: CD

• Question 39:

  What are the consequences of the activation of segment reporting in Asset Accounting? Note: There are 2 correctanswers to this question.

  A. The segment is automatically updated in existing asset master data.

  B. The segment appears in the screen layout for asset master data.

  C. The segment appears in the additional account assignment configuration.

  D. The segment activation can be reversed.

  Correct Answer: BC

• Question 40:

  Which items are taken into account during foreign currency valuation? Note: There are 2 correctanswers to this question.

  A. Balance valuation on items for balance sheet accounts not defined as open item management

  B. Balance valuation on items for balance sheet accounts defined with ledger group specific open item management

  C. Line item valuation for balance sheet accounts defined as open item management

  D. Line item valuation for balance sheet accounts not defined as reconciliation account

  Correct Answer: BC

  During foreign currency valuation in SAP S/4HANA, specific items are taken into account to ensure accurate financial reporting. These include:

  Balance Valuation on Items for Balance Sheet Accounts Defined with Ledger Group Specific Open Item Management:

  Explanation:Balance valuation considers the foreign currency balances for specific ledger groups. This ensures that the valuation is accurate and reflects the current exchange rates for each ledger.

  Steps:

  Navigate to the Perform Foreign Currency Valuation transaction (FAGL_FCV).

  Enter the company code and valuation key date.

  Select the ledger group specific open item management option.

  Execute the valuation to update the balances according to the latest exchange rates.

  Line Item Valuation for Balance Sheet Accounts Defined as Open Item Management:

  Explanation:This involves the valuation of individual line items in balance sheet accounts that are managed as open items. Each line item is revalued based on the current exchange rates.

  Steps:

  Use the same transaction (FAGL_FCV).

  Enter the necessary details such as company code and key date.

  Ensure that open item management is selected for the relevant accounts.

  Run the valuation process to update the values of these line items.

  These items ensure that the foreign currency valuation is comprehensive and aligns with the financial reporting standards.

  References:

  SAP S/4HANA Foreign Currency Valuation documentation: "Foreign currency valuation processes include balance valuation for ledger groups and line item valuation for open item managed accounts to ensure accurate financial reporting".