SAP SAP Certifications C_TS4FI_2023 Questions & Answers

• Question 71:

  Your company follows IFRS accounting principles and needs to issue a full financial statement for its two main divisions "Consumer Products" and "Professional Products".

  What do you need to achieve segment reporting in this scenario? Note: There are 3 correctanswers to this question.

  A. Profitability segments

  B. Document splitting

  C. Segments

  D. Profit centers

  E. Business areas

  Correct Answer: ACD

  To achieve segment reporting in SAP S/4HANA, particularly when following IFRS accounting principles, the following elements are essential:

  Document Splitting:

  Document splitting ensures that financial documents are divided according to specified dimensions, such as segments, enabling detailed segment reporting. This is crucial for creating accurate financial statements by segment.

  Path:SPRO SAP Reference IMG Financial Accounting (New) General Ledger Accounting (New) Business Transactions Document Splitting Classify Document Types for Document Splitting

  Transaction Code:SPRO

  Segments:

  Segments are used for external reporting and provide a way to represent different parts of an organization in financial statements. They are essential for complying with IFRS requirements for segment reporting.

  Path:SPRO SAP Reference IMG Enterprise Structure Definition Financial Accounting Define Segment

  Transaction Code:GS00

  Profit Centers:

  Profit centers enable internal control and profitability analysis. They can be linked to segments to enhance reporting capabilities, ensuring detailed insights into different business areas. Profit centers help in segment reporting by providing

  detailed financial data for different areas of the business.

  Path:SPRO SAP Reference IMG Controlling Profit Center Accounting Basic Settings Maintain Controlling Area Settings

  Transaction Code:KE51

  SAP S/4HANA Configuration Guides and IFRS Reporting Best Practices.

• Question 72:

  You are implementing the Financial Closing Cockpit for your organization.

  What are the advantages of defining task groups? Note: There are 2 correctanswers to this question.

  A. It allows cross task list monitoring of task status.

  B. It allows cross template maintenance.

  C. It covers multiple companies with same or similar tasks.

  D. It allows cross task list execution of tasks.

  Correct Answer: BC

• Question 73:

  Where can you see the matching results from the Intercompany Matching and Reconciliation tool?

  A. In the Consolidation Journal table (ACDOCU)

  B. In the Universal Journal table (ACDOCA)

  C. In the Accounting Document Segment table (BSEG)

  D. In an application specific table (ICADOCM)

  Correct Answer: A

• Question 74:

  You define payment methods.

  Which parameters do you define on the level of the company code? Note: There are 2 correctanswers to this question.

  A. Foreign currency allowed

  B. Minimum and maximum payment amounts

  C. Payment Medium

  D. Permitted Currencies

  Correct Answer: AB

  Foreign Currency Allowed: When defining payment methods at the company code level, it is crucial to specify whether foreign currencies are allowed for payments. This setting ensures that the system can handle transactions in different

  currencies, which is vital for businesses operating internationally.

  Minimum and Maximum Payment Amounts: This parameter allows you to set thresholds for the minimum and maximum amounts that can be paid using a particular payment method. This helps in controlling the payment process by

  preventing very small or excessively large payments that might not be desirable for operational efficiency or risk management.

  These configurations are part of the broader setup of payment methods within SAP, as detailed in the SAP FICO module's configuration guides and financial accounting manuals. They ensure that payment processes are tailored to meet

  specific business requirements and compliance standards.

• Question 75:

  At which level do you define functional areas?

  A. Controlling area

  B. Client

  C. Financial statement version

  D. Company code

  Correct Answer: B

  In SAP S/4HANA, functional areas are defined at the client level, which means they are available across all company codes within the client. This ensures that the classification of expenses and revenues for reporting purposes is consistent

  throughout the entire organization.

  Defining Functional Areas:

  Functional areas are used for internal reporting purposes, allowing the organization to classify expenses and revenues according to specific functions or activities.

  The configuration of functional areas at the client level ensures that these definitions are standardized and can be used by all company codes within the client.

  Configuration Steps:

  To define functional areas, navigate to the relevant path in the SAP S/4HANA system:

  Path:SPRO SAP Reference IMG Financial Accounting (New) Financial Accounting Global Settings (New) Ledgers Define Functional Area

  Transaction Code:FM_FUNCTION

  In this configuration, you can create and manage functional areas, specifying their descriptions and ensuring they are activated for use in the system.

• Question 76:

  In the standard sales process, when is the COGS posting generated in Financial Accounting?

  A. Issue customer invoice

  B. Do PGI (Post Goods Issue)

  C. Create billing document

  D. Create delivery document

  Correct Answer: B

  In the standard sales process in SAP S/4HANA, the Cost of Goods Sold (COGS) posting is generated when the Post Goods Issue (PGI) is completed. PGI represents the point at which the goods physically leave the warehouse and

  ownership is transferred to the customer. This is the critical step where the inventory quantities and values are adjusted, and the COGS is recognized in Financial Accounting. Here are the steps in more detail:

  Sales Order Creation: The sales process begins with the creation of a sales order.

  Delivery Creation: A delivery document is created based on the sales order.

  Post Goods Issue (PGI): When the goods are shipped, the PGI is executed. This step triggers the reduction of inventory and the posting of COGS in Financial Accounting.

  Billing: After the goods are shipped, the billing document is created, and the revenue is recognized.

  References:

  Standard SAP documentation on the sales process and COGS posting mechanisms in SAP S/4HANA.

• Question 77:

  You post a vendor invoice for asset acquisition without reference to a purchase order. Which accounting documents are generated?

  A. One document per accounting principle

  B. One document for all accounting principles

  C. One document per accounting principle and one document for all accounting principles

  D. Separate documents for each and every accounting principle

  Correct Answer: B

• Question 78:

  What separates the leading ledger from other parallel standard ledgers?

  A. It is assigned to all company codes.

  B. It is used for performing segment reporting.

  C. It is used to represent the group valuation.

  D. It doesn't derive values from other ledgers.

  Correct Answer: D

• Question 79:

  You want to include multiple company codes in a single payment run. What are the prerequisites for the company codes?

  A. They must belong to the same controlling area.

  B. They must all belong to the same company.

  C. They must be located in the same country.

  D. They must have the same configuration for payment transactions.

  Correct Answer: BD

• Question 80:

  Which parameters can you configure on the dunning level? Note: There are 2 correctanswers to this question.

  A. Days in arrears

  B. Payment deadline

  C. Interest indicator

  D. Line item grace period

  Correct Answer: AD