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SAP C_TS4FI_2023 Exam Syllabus Topics:
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NEW QUESTION # 51
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. Integrate clean core practices in the end-to-end value process chain.
- D. Define roles and responsibilities as part of a process transformation office.
- E. Establish release management.
Answer: B,C,D
NEW QUESTION # 52
Which of the following objects is only a statistical account assignment for cost postings to an asset?
- A. Profit center
- B. WBS element
- C. Cost center
- D. Internal order
Answer: D
NEW QUESTION # 53
Which parameters can you configure on the dunning level? Note: There are 2 correct answers to this question.
- A. Interest indicator
- B. Payment deadline
- C. Line item grace period
- D. Days in arrears
Answer: C,D
NEW QUESTION # 54
The SAP Business Network helps customers digitalize cross-company business processes.
On which solutions does the network build? Note: There are 3 correct answers to this question.
- A. Procurement
- B. Sales
- C. Travel
- D. Contingent Workforce
- E. Human Capital Management
Answer: A,B,D
NEW QUESTION # 55
Your company follows IFRS accounting principles and needs to issue a full financial statement for its two main divisions "Consumer Products" & "Professional Products". What do you need to achieve segment reporting in this scenario?
- A. Profit centers
- B. Segments
- C. Business areas
- D. Document splitting
Answer: B
NEW QUESTION # 56
What can you control with the reason code in Accounts Receivable? Note: There are 3 correct answers to this question.
- A. The document type of the payment
- B. The exclusion of disputed residual items from credit limit checks
- C. The special G/L indicator for the down payment
- D. The type of payment notice sent to a customer
- E. The account where a residual item is posted
Answer: B,C,D
NEW QUESTION # 57
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 correct answers to this question.
- A. Source currency for group currency
- B. Fiscal year variant
- C. Posting period variant
- D. Operating chart of accounts
Answer: B,D
NEW QUESTION # 58
Your system uses parallel currencies.
What is the posting indicator of the depreciation area for the parallel currency?
- A. Posts APC real time and depreciation periodically
- B. Posts to G/L in real time
- C. Posts to G/L periodically
- D. Does not post to G/L
Answer: A
NEW QUESTION # 59
Which SAP Fiori apps can be run on any database? Note: There are 2 correct answers to this question.
- A. Make Bank Transfers
- B. Accounts Payable Overview
- C. Manage Chart of Accounts
- D. Customer Accounting Document
Answer: B,C
NEW QUESTION # 60
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. Profit center
- C. Company code
- D. Segment
Answer: C
Explanation:
To meet legal requirements for financial statements in Switzerland, you need to create a separate company code for the permanent establishment there. A company code is the smallest organizational unit for which a complete self-contained set of accounts can be drawn up for purposes of external reporting. This includes recording all relevant transactions and generating necessary financial statements.
Here are the steps to create a company code in SAP S/4HANA:
Define Company Code:
Transaction Code: OX02
Path: IMG -> Enterprise Structure -> Definition -> Financial Accounting -> Edit, Copy, Delete, Check Company Code.
Enter a four-character alphanumeric code for the new company code and fill in the necessary details such as company name, city, country, currency, and language. Save the entries.
Assign Company Code to Company:
Transaction Code: OX16
Path: IMG -> Enterprise Structure -> Assignment -> Financial Accounting -> Assign company code to company.
Select the company code and assign it to the appropriate company.
Define Additional Settings:
Fiscal Year Variant: Define and assign a fiscal year variant suitable for Switzerland if it differs from your main fiscal year variant (Transaction Code: OB29 and OB37).
Field Status Variant: Assign field status variants to your company code to control the data entry for different fields (Transaction Code: OBC4 and OBC5).
Open and Close Posting Periods:
Transaction Code: OB52
Define the periods during which posting is allowed for the company code.
By creating a company code, you ensure that the financial transactions for the Swiss establishment are recorded separately, and the financial statements can be prepared as required by Swiss law.
NEW QUESTION # 61
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 depreciation posting program has run.
- C. Posting is not done in FI-AA and in FI-GL until the depreciation posting program has run.
- D. Posting is done in FI-AA in real time and in FI-GL once the periodic posting program has run.
Answer: A
NEW QUESTION # 62
Which of the following organizational elements can be shared by several company codes? Note: There are 3 correct answers to this question.
- A. Business area
- B. Profit center
- C. Segment
- D. Sales organization
- E. Plant
Answer: A,B,C
NEW QUESTION # 63
In which scenarios is the technical clearing account posted? Note: There are 2 correct answers to this question.
- A. Direct asset acquisition posting with a vendor invoice (not linked to a purchase order)
- B. Valuated goods receipt on a purchase order with an asset as account assignment
- C. Settlement of an investment order to an asset under construction
- D. Asset transfer posting between asset classes
Answer: A,B
NEW QUESTION # 64
Which currency types are defaulted in SAP S/4HANA? (Select 2)
- A. 20 = Controlling area currency
- B. 30 = Group currency
- C. 10 = Company code currency
- D. 00 = Document currency
Answer: C,D
NEW QUESTION # 65
What can you achieve with the legacy data transfer in via transaction AS91?
- A. Posting the summary write off in G/L
- B. Creation of master data
- C. Setting the company code status for legacy data transfer
- D. Posting of take over values
Answer: B
NEW QUESTION # 66
What separates the leading ledger from other parallel standard ledgers?
- A. It doesn't derive values from other ledgers.
- B. It is used for performing segment reporting.
- C. It is assigned to all company codes.
- D. It is used to represent the group valuation.
Answer: A
NEW QUESTION # 67
You define payment methods.
Which parameters do you define on the level of the company code? Note: There are 2 correct answers to this question.
- A. Foreign currency allowed
- B. Payment Medium
- C. Minimum and maximum payment amounts
- D. Permitted Currencies
Answer: A,C
NEW QUESTION # 68
You post an incoming payment from a customer with a residual item for a payment difference. What are the consequences? Note: There are 2 correct answers to this question.
- A. The residual item becomes a new receivable.
- B. The residual item is written off to a cost account.
- 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.
Answer: A,C
NEW QUESTION # 69
What are the 3 mandatory steps of the dunning process in the SAP S/4HANA system? Note: There are 3 correct answers to this question.
- A. Schedule the dunning run
- B. Maintain the parameters of the dunning program
- C. Change the dunning proposal
- D. Start the dunning printout
- E. Approve the dunning proposal
Answer: A,B,E
NEW QUESTION # 70
You are implementing the Cockpit for your organization.
What are the advantages of defining task grou ps? Note: There are 2 correct answers to this question.
- A. It covers multiple companies with same or similar tasks.
- B. It allows cross task list execution of tasks.
- C. It allows cross template maintenance.
- D. It allows cross task list monitoring of task status.
Answer: B,C
NEW QUESTION # 71
Which physical inventory methods are available in SAP S/4HANA? Note: There are 3 correct answers to this question.
- A. Actual inventory method
- B. Periodic inventory method
- C. Standard inventory method
- D. Continuous inventory method
- E. Cycle counting method
Answer: A,B,D
NEW QUESTION # 72
Which of the following API types does SAP recommend to use to achieve clean core integrations? Note: There are 2 correct answers to this question.
- A. OData
- B. IDoc
- C. RFC
- D. SOAP
Answer: A,C
NEW QUESTION # 73
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 correct answers to this question.
- A. You have added an account to the wrong node and it is included in the assets section.
- B. You selected account group assignment by balance for an account and it is displayed as a liability.
- C. You have added an account to the liabilities node that belongs to the financial statement notes.
- D. You have accounts that you have not assigned in the financial statement version.
Answer: B,D
NEW QUESTION # 74
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