C_TS4FI_2023 exam questions for practice in 2024 Updated 85 Questions
Updated Dec-2024 Premium C_TS4FI_2023 Exam Engine pdf - Download Free Updated 85 Questions
NEW QUESTION # 22
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 liabilities node that belongs to the financial statement notes.
- B. You have added an account to the wrong node and it is included in the assets section.
- C. You have accounts that you have not assigned in the financial statement version.
- D. You selected account group assignment by balance for an account and it is displayed as a liability.
Answer: C,D
NEW QUESTION # 23
Which of the following organizational elements can be shared by several company codes? Note: There are 3 correct answers to this question.
- A. Sales organization
- B. Business area
- C. Plant
- D. Profit center
- E. Segment
Answer: B,D,E
NEW QUESTION # 24
Which of the following currency types can be defined for a specific ledger? Note: There are 3 correct answers to this question.
- A. 40 = Hard currency
- B. 60 = Global company currency
- C. 10 = Company code currency
- D. 30 = Group currency
- E. 00 = Document currency
Answer: B,C,D
NEW QUESTION # 25
How are pages assigned to users on the SAP Fiori Launchpad?
- A. Directly to business roles which are assigned to users
- B. Via groups assigned to business roles which are assigned to users
- C. Via spaces assigned to business roles which are assigned to users
- D. Via sections assigned to business roles which are assigned to users
Answer: D
NEW QUESTION # 26
You define the technical clearing account for Integrated Asset Acquisition in Customizing. Which prerequisites must be met? Note: There are 2 correct answers to this question.
- A. The account is defined as open item managed.
- B. The account is defined as a reconciliation account for fixed assets.
- C. The account is defined in the account determination for each asset class.
- D. The account is a balance sheet account.
Answer: B,D
NEW QUESTION # 27
From which G/L account types are values shown in the profit and loss (P&L) statement? Note: There are 3 correct answers to this question.
- A. Cash Account
- B. Balance Sheet Account
- C. Secondary Costs
- D. Non-operating Expense or Income
- E. Primary Costs or Revenue
Answer: C,D,E
NEW QUESTION # 28
You try to assign an alternative account to a G/L account but receive an error message. What can be the reason?
- A. The alternative account is already assigned to another G/L account for the company code.
- B. You have not assigned the alternative chart of accounts to your company.
- C. You have not assigned the alternative chart of accounts to your operational chart of accounts.
- D. The alternative account has not been created for the company code.
Answer: A
NEW QUESTION # 29
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. Customer Accounting Document
- D. Manage Chart of Accounts
Answer: B,D
NEW QUESTION # 30
You have cleared a customer open item but want to undo this action.
What are the available options? Note: There are 2 correct answers to this question.
- A. Repost the clearing document
- B. Reverse the clearing document
- C. Reset the clearing document
- D. Reset and reverse the clearing document
Answer: B,D
NEW QUESTION # 31
You have made an agreement with a customer to guarantee an amount of EUR 10000.
What is the result of recording this guarantee in SAP S/4HANA?
- A. One statistical line item
- B. Two noted items
- C. Two statistical line items
- D. One noted item
Answer: A
NEW QUESTION # 32
Which component of the Intelligent Enterprise allows customers to discover and deploy vertical solutions from SAP and partners?
- A. Intelligent Suite
- B. Business Network
- C. Industry Cloud
- D. Experience Management
Answer: C
NEW QUESTION # 33
You are implementing the Cockpit for your organization.
What are the advantages of defining task groups? Note: There are 2 correct answers to this question.
- A. It allows cross template maintenance.
- B. It allows cross task list execution of tasks.
- C. It allows cross task list monitoring of task status.
- D. It covers multiple companies with same or similar tasks.
Answer: A,B
NEW QUESTION # 34
What are characteristics of depreciation area 01? Note: There are 2 correct answers to this question.
- A. It cannot take over values from other areas.
- B. It must be linked to leading ledger OL.
- C. It must be defined as a cost accounting valuation area type.
- D. It must always post in real time.
Answer: A,B
NEW QUESTION # 35
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. Segments
- B. Profit centers
- C. Document splitting
- D. Business areas
Answer: A
NEW QUESTION # 36
You want to implement purchase order accruals in SAP S/4HANA. Which of the following use cases are relevant?
- A. Purchase of services
- B. Purchase of consumable materials
- C. Purchase of raw materials for inventory
- D. Purchase of fixed assets (using direct capitalization method)
Answer: D
NEW QUESTION # 37
What are some features of SAP Business Technology Platform? Note: There are 2 correct answers to this question.
- A. It helps customers to collaborate to build flexible value chains.
- B. It provides data management and analytics.
- C. It supports customers in understanding their stakeholder's needs.
- D. It supports application development and integration.
Answer: A,D
NEW QUESTION # 38
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. SOAP
- B. RFC
- C. OData
- D. IDoc
Answer: B,C
NEW QUESTION # 39
Which model can be used for ABAP cloud-native development?
- A. The SAP S/4HANA Cloud Extensibility Model
- B. The ABAP Cloud Development Model
- C. ABAP RESTful Application Programming Model
Answer: C
NEW QUESTION # 40
You want to include multiple company codes in a single payment run.
What are the prerequisites for the company codes?
- A. They must be located in the same country.
- B. They must belong to the same controlling area.
- C. They must all belong to the same company.
- D. They must have the same configuration for payment transactions.
Answer: A
NEW QUESTION # 41
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. SOAP
- B. RFC
- C. OData
- D. IDoc
Answer: B,C
NEW QUESTION # 42
Which of the following objects is only a statistical account assignment for cost postings to an asset?
- A. Internal order
- B. Profit center
- C. WBS element
- D. Cost center
Answer: A
NEW QUESTION # 43
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. Company code
- B. Segment
- C. Business area
- D. Profit center
Answer: A
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 # 44
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 # 45
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