SIMULATIONS C_TS4FI_2023 PDF | C_TS4FI_2023 PREMIUM EXAM

Simulations C_TS4FI_2023 Pdf | C_TS4FI_2023 Premium Exam

Simulations C_TS4FI_2023 Pdf | C_TS4FI_2023 Premium Exam

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SAP C_TS4FI_2023 Exam Syllabus Topics:

TopicDetails
Topic 1
  • Overview and Deployment of SAP S
  • 4HANA: The topic gives an overview of SAP HANA architecture. Moreover, it describes the scope and deployment options of SAP S
  • 4HANA.
Topic 2
  • 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.
Topic 3
  • 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.

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SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Sample Questions (Q53-Q58):

NEW QUESTION # 53
The 3-way match is the standard procedure used to post procurement transactions in SAP S/4HANA. How does it work?

  • A. The goods receipt needs to be created in reference to the purchase order.
  • B. The invoice needs to be created in reference to the goods receipt.
  • C. The purchase order needs to be created in reference to a purchase request.
  • D. The 3 logistical steps each generate financial documents.

Answer: A

Explanation:
The 3-way match is a standard procurement process in SAP S/4HANA that ensures accuracy and compliance by matching three key documents: the purchase order (PO) , the goods receipt (GR) , and the invoice receipt (IR) . This process verifies that the quantities, prices, and terms agreed upon in the purchase order are consistent with the goods received and the invoice received. Let's analyze each option to determine the correct answer.
Explanation of Each Option:
D. The goods receipt needs to be created in reference to the purchase order.
* Correct : In the 3-way match process, the goods receipt (GR) must be created in reference to the purchase order (PO) . This ensures that the goods received match the quantities and descriptions specified in the purchase order. The GR serves as a logistical document that updates inventory and generates a financial document for accruals.
* Reference : According to SAP documentation, the goods receipt is a critical step in the 3-way match process, as it provides the basis for verifying the physical receipt of goods against the PO.
A. The invoice needs to be created in reference to the goods receipt.
* Incorrect : While the invoice receipt (IR) can reference the goods receipt, it is not mandatory. The invoice is typically created in reference to the purchase order , not directly to the goods receipt. The 3- way match compares the invoice against both the purchase order and the goods receipt to ensure consistency.
* Reference : SAP allows flexibility in referencing documents during invoice creation, but the primary reference is usually the purchase order.
B. The purchase order needs to be created in reference to a purchase request.
* Incorrect : While purchase orders (POs) can be created based on purchase requests, this is not part of the 3-way match process. The 3-way match focuses on matching the PO, goods receipt, and invoice receipt, regardless of whether the PO was created from a purchase request.
* Reference : Purchase requests are part of the procurement workflow but are not directly involved in the
3-way match.
C. The 3 logistical steps each generate financial documents.
* Incorrect : Not all three logistical steps (purchase order, goods receipt, and invoice receipt) generate financial documents. Only the goods receipt and invoice receipt generate financial postings. The purchase order itself does not generate a financial document; it serves as a commitment document.
* Reference : SAP documentation confirms that only the goods receipt (for accruals) and invoice receipt (for liabilities) impact the financial ledger.
Key References to SAP Documentation:
* SAP S/4HANA Procurement Processes : Explains the 3-way match process and its role in ensuring accuracy in procurement transactions.
* SAP Help Portal - Goods Receipt and Invoice Verification : Provides detailed guidance on how goods receipts and invoice receipts are matched against purchase orders.
* Three-Way Match in SAP S/4HANA : Highlights the importance of referencing the purchase order during goods receipt and invoice verification.
* Financial Impact of Procurement Documents : Describes how goods receipts and invoice receipts generate financial postings, while purchase orders do not.


NEW QUESTION # 54
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 raw materials for inventory
  • B. Purchase of consumable materials
  • C. Purchase of services
  • D. Purchase of fixed assets (using direct capitalization method)

Answer: C,D


NEW QUESTION # 55
You have activated the WBS Element (not related to Investment Management) as an account assignment for asset accounting with the parameters "balan sheet" and "identical" active.
What are the consequences? Note: There are 2 correct answers to this question.

  • A. The WBS Element is available for input in the asset master record.
  • B. The WBS Element from the asset master data can be changed during planned depreciation posting.
  • C. The WBS Element can no longer be changed in the asset master record once the asset is capitalized.
  • D. The WBS Element cannot be used anymore for settlement.

Answer: A,C

Explanation:
Comprehensive Detailed Explanation with all SAP S/4HANA Cloud References When you activate the WBS Element (not related to Investment Management) as an account assignment object in Asset Accounting (FI-AA) with the parameters "balance sheet" and "identical" , it has specific implications for how the WBS Element behaves in asset accounting. Let's analyze each option to determine the correct answers.
Explanation of Each Option:
A. The WBS Element is available for input in the asset master record.
* Correct : When the WBS Element is activated as an account assignment object in Asset Accounting, it becomes available for input in the asset master record. This allows you to assign a WBS Element to an asset for cost tracking and reporting purposes.
* Reference : According to SAP documentation, activating the WBS Element as an account assignment object makes it accessible in the asset master record for balance sheet-related assets.
C. The WBS Element can no longer be changed in the asset master record once the asset is capitalized.
* Correct : Once an asset is capitalized (i.e., when the first acquisition or production cost posting occurs), the WBS Element in the asset master record becomes locked and cannot be changed. This ensures consistency in financial reporting and prevents discrepancies in cost assignments after capitalization.
* Reference : SAP enforces this restriction to maintain the integrity of financial data and ensure that the WBS Element remains consistent throughout the asset's lifecycle.
B. The WBS Element from the asset master data can be changed during planned depreciation posting.
* Incorrect : The WBS Element in the asset master record cannot be changed after the asset is capitalized, even during planned depreciation postings. Once the asset is capitalized, the WBS Element is fixed and cannot be modified.
* Reference : SAP documentation confirms that changes to the WBS Element are restricted after capitalization to ensure accurate and consistent reporting.
D. The WBS Element cannot be used anymore for settlement.
* Incorrect : The WBS Element can still be used for settlement purposes, provided it is not locked or restricted by other configurations. Activating the WBS Element as an account assignment object does not inherently prevent its use in settlement processes.
* Reference : The WBS Element remains functional for settlement unless explicitly restricted by additional settings in Project System (PS) or Asset Accounting (FI-AA).
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Finance for Asset Accounting (FI-AA) : Explains the activation and behavior of WBS Elements as account assignment objects in Asset Accounting.
* SAP Help Portal - Account Assignment Objects in FI-AA : Provides detailed guidance on how WBS Elements interact with asset master records and their restrictions after capitalization.
* Asset Master Record Configuration : Describes the impact of activating WBS Elements with parameters like "balance sheet" and "identical."
* Integration of PS and FI-AA : Highlights the role of WBS Elements in settlement and cost tracking.


NEW QUESTION # 56
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. Profit center
  • B. Segment
  • C. Business area
  • D. Company code

Answer: D


NEW QUESTION # 57
You want to post depreciation costs of one asset to two cost centers.
How do you do this?

  • A. You assign two real cost centers in the asset master data.
  • B. You assign a statistical order in the asset master data which you settle periodically to two cost centers.
  • C. You assign a real internal order in the asset master data which you settle periodically to two cost centers.
  • D. You assign a real cost center and a statistical cost center in the asset master data.

Answer: C


NEW QUESTION # 58
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