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SAP C-TS4FI-2023 Exam Syllabus Topics:

Topic
Details

Topic 1

Accounts Payable & Accounts Receivable: It covers reversing invoices and payments, blocking open invoices for payment, configuring the payment program, defining payment medium workbench settings, and handling debit balance checks.

Topic 2

Managing Clean Core: It explores clean core principles in ERP systems to maximize business process agility, reduce adaptation efforts, and accelerate innovation within the organization.

Topic 3

Organizational Assignments and Process Integration: It focuses on managing organizational units, currencies, validations, document types, and number ranges. It also involves utilizing reporting tools and configuring substitutions.

Topic 4

Financial Closing: This topic covers performing month and year-end closing tasks in Financial Accounting. It involves monitoring closing operations using the Financial Closing Cockpit, managing accruals, and handling posting periods.

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SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Sample Questions (Q72-Q77):

NEW QUESTION # 72
You notice that the GR/IR account does not have a zero balance. What could be the cause?
Note: There are 2 correct answe-rs to this que-stion.

A. A purchase order has a goods receipt and an invoice receipt with the same quantity but with different values.
B. A purchase order has a goods receipt and an invoice receipt with the same quantity and values.
C. A purchase order has a partial invoice receipt but not yet a goods receipt.
D. A purchase order has a partial goods receipt for which we have not yet received an invoice.

Answer: C,D

NEW QUESTION # 73
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. Document splitting has been activated.
B. An extension ledger has been configured.
C. The sales tax is posted in details in the general ledger view.
D. The sub-ledger accounts are shown in details in the general ledger view.

Answer: A

Explanation:
Comprehensive Detailed Explanation with all SAP S/4HANA Cloud References In SAP S/4HANA, the entry view and general ledger (G/L) view of a financial document can display different numbers of line items due to specific configurations or functionalities. The most common reason for having fewer items in the entry view compared to the G/L view is the activation of document splitting . Let's analyze each option to determine the correct answer.
Explanation of Each Option:
C. Document splitting has been activated.
* Correct : When document splitting is activated, the system splits a single financial document into multiple line items in the G/L view to ensure proper reconciliation across dimensions such as profit centers, segments, or functional areas. However, in the entry view, the document appears as it was originally entered, showing fewer items. This difference occurs because the entry view reflects the original input, while the G/L view includes the additional split line items generated by the system.
* Reference : According to SAP documentation, document splitting ensures that financial postings are distributed across relevant dimensions, resulting in additional line items in the G/L view but not in the entry view.
A. The sub-ledger accounts are shown in details in the general ledger view.
* Incorrect : Sub-ledger accounts (e.g., accounts payable, accounts receivable) are not displayed in detail in the G/L view. Instead, they are summarized at the G/L account level. The entry view and G/L view both show postings at the G/L account level, so this is not the reason for the discrepancy in the number of items.
* Reference : Sub-ledger details are typically visible in sub-ledger-specific reports, not in the G/L view of a document.
B. An extension ledger has been configured.
* Incorrect : While an extension ledger allows for additional accounting principles or reporting requirements, it does not directly cause a difference in the number of items between the entry view and the G/L view. Extension ledgers are used for parallel accounting but do not affect how documents are displayed in these views.
* Reference : Extension ledgers create separate documents for additional accounting principles but do not alter the structure of the entry view or G/L view for the leading ledger.
D. The sales tax is posted in details in the general ledger view.
* Incorrect : Sales tax postings are typically displayed in both the entry view and the G/L view. There is no functionality in SAP S/4HANA that causes sales tax to appear in more detail in the G/L view compared to the entry view. Therefore, this is not the reason for the discrepancy.
* Reference : Sales tax postings are consistent across both views, as they are part of the original document entry.
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Finance for Document Splitting : Explains how document splitting works and its impact on the entry view and G/L view of financial documents.
* SAP Help Portal - Document Splitting : Provides detailed guidance on the configuration and behavior of document splitting in SAP S/4HANA.
* Universal Journal (ACDOCA) : Highlights how document splitting generates additional line items in the G/L view to ensure proper reconciliation across dimensions.
* Integration of FI-AA and FI-GL : Describes how document splitting ensures accurate reporting for profit centers, segments, and other dimensions.

NEW QUESTION # 74
Which fields are maintained on the chart of accounts level of a G/L account? Note: There are 3 correct answers to this question.

A. Field status group
B. Group account number
C. Short text
D. Account group
E. Alternative account number

Answer: B,C,E

Explanation:
In SAP S/4HANA, the chart of accounts level of a General Ledger (G/L) account contains fields that are common across all company codes using the same chart of accounts. These fields are used for standardization and consolidation purposes. Fields maintained at the chart of accounts level are independent of company code- specific configurations. Let's analyze each option to determine the correct answers.
Explanation of Each Option:
A. Group account number
* Correct : The group account number is maintained at the chart of accounts level. It is used for consolidation purposes and ensures that G/L accounts from different company codes can be mapped to a single group account in the corporate group's financial reporting.
* Reference : According to SAP documentation, the group account number is a key field for aligning accounts across multiple company codes during consolidation.
B. Short text
* Correct : The short text is also maintained at the chart of accounts level. It provides a standardized description of the G/L account that is consistent across all company codes using the same chart of accounts.
* Reference : SAP documentation confirms that the short text is a chart of accounts-level field, ensuring uniformity in account descriptions.
C. Alternative account number
* Correct : The alternative account number is maintained at the chart of accounts level. It is used to assign an alternative identifier to the G/L account, often for external reporting or legacy system compatibility.
* Reference : SAP allows the alternative account number to be defined at the chart of accounts level to support mapping to external systems or reporting requirements.
D. Field status group
* Incorrect : The field status group is maintained at the company code level , not the chart of accounts level. It controls which fields are required, optional, or hidden during document entry for a specific company code.
* Reference : Field status groups are company code-specific configurations and are not part of the chart of accounts-level setup.
E. Account group
* Incorrect : The account group is also maintained at the company code level , not the chart of accounts level. It defines the attributes and number range for G/L accounts within a specific company code.
* Reference : Account groups are used for company code-specific configurations and do not apply at the chart of accounts level.
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Finance for Chart of Accounts Configuration : Explains the fields maintained at the chart of accounts level and their role in standardization and consolidation.
* SAP Help Portal - G/L Account Master Data : Provides detailed guidance on the structure of G/L accounts, including chart of accounts-level and company code-level fields.
* Consolidation and Group Reporting : Highlights the importance of group account numbers and alternative account numbers for consolidation purposes.
* Field Status Groups : Describes how field status groups are configured at the company code level to control document entry behavior.

NEW QUESTION # 75
At which level do you define functional areas in SAP S/4HANA?

A. Controlling area
B. Financial statement version
C. Client
D. Company code

Answer: C

NEW QUESTION # 76
You want to implement purchase order accruals in SAP S/4HANA.
Which of the following use cases are relevant? Note: There are 2 correct answers to this question.

A. Purchase of services
B. Purchase of consumable materials
C. Purchase of fixed assets (using direct capitalization method)
D. Purchase of raw materials for inventory

Answer: A,B

Explanation:
Comprehensive Detailed Explanation with all SAP S/4HANA Cloud References Purchase order accruals in SAP S/4HANA are used to recognize expenses or liabilities for goods or services that have been ordered but not yet received or invoiced. This ensures accurate financial reporting by aligning expenses with the period in which they are incurred, even if the invoice has not yet been posted. Let's analyze each option to determine the relevant use cases.
Explanation of Each Option:
C. Purchase of services
* Correct : Accruals are highly relevant for the purchase of services, especially when services are rendered over a period of time (e.g., maintenance contracts, consulting services). If the service is delivered but not yet invoiced, an accrual is necessary to recognize the expense and liability in the correct accounting period.
* Reference : In SAP S/4HANA, purchase order accruals for services can be managed using Service Entry Sheets (SES) and subsequent accrual postings. This ensures compliance with accrual accounting principles.
D. Purchase of consumable materials
* Correct : Consumable materials (e.g., office supplies, spare parts) are typically expensed immediately upon receipt. If these materials are ordered but not yet received or invoiced by the end of the period, accruals are required to recognize the expense and liability.
* Reference : SAP S/4HANA supports accruals for consumable materials through the purchase order process, ensuring that expenses are matched with the period in which they are incurred.
A. Purchase of raw materials for inventory
* Incorrect : Raw materials purchased for inventory are capitalized as assets (inventory) rather than expensed immediately. Since inventory purchases do not directly impact the profit and loss statement until the materials are consumed, accruals are not typically relevant for this use case.
* Reference : Inventory purchases are recorded in the material ledger and are not subject to accruals unless specific business processes require it (e.g., consignment stock).
B. Purchase of fixed assets (using direct capitalization method)
* Incorrect : When purchasing fixed assets using the direct capitalization method, the asset is capitalized directly upon receipt or invoice posting. Accruals are not relevant because the transaction does not involve immediate expense recognition.
* Reference : Fixed asset purchases are managed through Asset Accounting (FI-AA), and accruals are not part of the standard process for direct capitalization.
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Procurement Processes : Explains how purchase order accruals are handled for different types of purchases, including services and consumable materials.
* SAP Help Portal - Accrual Engine : Provides detailed guidance on configuring and using accruals in SAP S/4HANA, including use cases for services and consumables.
* Service Entry Sheets (SES) : Describes how services are managed and accrued in SAP S/4HANA.
* Material Management (MM) Integration with Financial Accounting (FI) : Highlights the treatment of inventory and consumable materials in procurement processes.

NEW QUESTION # 77
......

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