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The SAP C_TS4FI_2023 certification examination is an essential component of professional development, and passing this SAP C_TS4FI_2023 test can increase career options and a rise in salary. Nonetheless, getting ready for the SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting (C_TS4FI_2023) exam may be difficult, and many working professionals have trouble locating the SAP C_TS4FI_2023 practice questions they need to succeed in this endeavor.

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	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 3	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 (Q24-Q29):

NEW QUESTION # 24
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. Reset and reverse the clearing document
B. Reset the clearing document
C. Reverse the clearing document
D. Repost the clearing document

Answer: A,C

NEW QUESTION # 25
Which of the following objects is only a statistical account assignment for cost postings to an asset?

A. Internal order
B. WBS element
C. Profit center
D. Cost center

Answer: C

Explanation:
Comprehensive Detailed Explanation with all SAP S/4HANA Cloud References In SAP S/4HANA, statistical account assignments are used for reporting and analysis purposes but do not directly receive actual cost postings. Among the options provided, the profit center is the object that serves as a statistical account assignment for cost postings to an asset. Let's analyze each option to determine the correct answer.
Explanation of Each Option:
A. Profit center
* Correct : The profit center is a statistical account assignment in SAP S/4HANA. It is used to track costs and revenues for internal management reporting and profitability analysis but does not receive actual cost postings. When posting costs to an asset, the profit center can be assigned statistically to provide additional reporting dimensions without affecting the actual accounting entries.
* Reference : According to SAP documentation, profit centers are classified as statistical objects because they do not participate in actual cost distribution or settlement processes.
B. Internal order
* Incorrect : An internal order is a real account assignment object that can receive actual cost postings.
Internal orders are used to collect costs for specific projects, activities, or events and can later settle these costs to other cost objects, such as cost centers or assets.
* Reference : Internal orders actively participate in cost distribution and settlement, making them a real (not statistical) account assignment.
C. Cost center
* Incorrect : A cost center is also a real account assignment object that receives actual cost postings.
Cost centers are used to allocate and manage costs within an organization and are directly involved in cost accounting processes.
* Reference : Cost centers are primary cost objects in Controlling (CO) and are not considered statistical account assignments.
D. WBS element
* Incorrect : A Work Breakdown Structure (WBS) element is a real account assignment object used in Project System (PS). WBS elements can receive actual cost postings for project-related expenses and are actively involved in project cost management and settlement processes.
* Reference : WBS elements are real account assignments and are not classified as statistical objects.
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Finance for Asset Accounting (FI-AA) : Explains the role of statistical and real account assignments in cost postings to assets.
* SAP Help Portal - Profit Center Accounting : Provides detailed guidance on the use of profit centers as statistical objects for reporting purposes.
* Account Assignment Objects in SAP S/4HANA : Describes the differences between real and statistical account assignments, including profit centers, cost centers, internal orders, and WBS elements.
* Integration of FI-AA and CO : Highlights how profit centers are used for reporting and analysis without receiving actual cost postings.

NEW QUESTION # 26
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 consumable materials
B. Purchase of services
C. Purchase of raw materials for inventory
D. Purchase of fixed assets (using direct capitalization method)

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 # 27
When defining a new standard ledger, which action must you take to manually post a general journal entry to it?

A. Assign the ledger to a company code
B. Assign a chart of accounts to the ledger
C. Define the underlying ledger
D. Include the ledger in a ledger group

Answer: A

NEW QUESTION # 28
Which object is used to directly support the preparation for consolidation?

A. Segments/Profit Centers
B. Functional Areas
C. Ledgers/Ledger Groups
D. Company/Trading Partner

Answer: D

Explanation:
In SAP S/4HANA, the object used to directly support the preparation for consolidation is the Company
/Trading Partner. The trading partner field is essential for intercompany reconciliation and consolidation processes. It helps in identifying and matching intercompany transactions between different entities within a group.
* Company: This represents the individual entities within a corporate group that need to prepare consolidated financial statements.
* Trading Partner: This field is used to record intercompany transactions, ensuring that transactions between different companies within the same group are properly eliminated during the consolidation process.
By using the Company/Trading Partner relationship, SAP S/4HANA provides a robust mechanism to handle the complexities of intercompany transactions and consolidations, ensuring accurate and compliant financial reporting.
References
* [25:27†Procedimiento Creacion nuevos elementos (Cta,PosLiq,Cege,Fondo,Recurrencia)v2 (1).docx]
* [28:1†1709119988077.pdf]

NEW QUESTION # 29
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SAP C_TS4FI_2023 EXAM ENGINE | C_TS4FI_2023 DOWNLOAD PDF

SAP C_TS4FI_2023 Exam Engine | C_TS4FI_2023 Download Pdf