SAP C_TS4FI_2023 Online Practice Questions and Exam Preparation

SAP C_TS4FI_2023 Online Questions & Answers

• Question 1:

  What are some features of SAP Business Technology Platform? Note: There are 2 correctanswers to this question.

  A. It provides data management and analytics.
  B. It supports customers in understanding their stakeholder's needs.
  C. It helps customers to collaborate to build flexible value chains.
  D. It supports application development and integration.
  C. It helps customers to collaborate to build flexible value chains.
  D. It supports application development and integration.

• Question 2:

  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.
  B. The segment appears in the screen layout for asset master data.
  C. The segment appears in the additional account assignment configuration.

• Question 3:

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

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

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  Explanation/Reference:

  Assigning Real Internal Order:

  To post depreciation costs of one asset to two cost centers, you assign a real internal order in the asset master data. This internal order acts as a cost collector, capturing all depreciation expenses associated with the asset.

  Periodic Settlement to Cost Centers:

  The internal order is settled periodically to the two cost centers. This process involves transferring the accumulated costs from the internal order to the designated cost centers based on predefined settlement rules. This ensures that the

  depreciation costs are accurately distributed across the appropriate cost centers, reflecting the actual usage or benefit derived from the asset.

• Question 4:

  At which level do you define functional areas?

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

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  Explanation/Reference:

  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 5:

  On what level can you restrict postings using the posting period variant? Note: There are 2 correctanswers to this question.

  A. Customer reconciliation account
  B. Fixed asset number
  C. G/L account
  D. Supplier account
  A. Customer reconciliation account
  C. G/L account

• Question 6:

  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
  B. By creating a substitution in Financial Accounting line items

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  Explanation/Reference:

  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 7:

  The SAP Business Network helps customers digitalize cross-company business processes.

  On which solutions does the network build? Note: There are 3 correctanswers to this question.

  A. Contingent Workforce
  B. Travel
  C. Human Capital Management
  D. Procurement
  E. Sales
  A. Contingent Workforce
  D. Procurement
  E. Sales

• Question 8:

  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
  B. Do PGI (Post Goods Issue)

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  Explanation/Reference:

  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 9:

  In which scenarios is the technical clearing account posted? Note: There are 2 correctanswers to this question.

  A. Asset transfer posting between asset classes
  B. Settlement of an investment order to an asset under construction
  C. Direct asset acquisition posting with a vendor invoice (not linked to a purchase order)
  D. Valuated goods receipt on a purchase order with an asset as account assignment
  C. Direct asset acquisition posting with a vendor invoice (not linked to a purchase order)
  D. Valuated goods receipt on a purchase order with an asset as account assignment

• Question 10:

  What is the prerequisite for a G/L account to switch off open item management for it?

  A. It has not been posted to.
  B. It has a zero balance.
  C. It has been blocked against postings.
  D. It has no open items.
  D. It has no open items.