C_TS4FI_2023 Exam Training Practice Tests (SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting)]

Question 1

You define payment methods.
Which parameters do you define on the level of the company code?
Note: There are 2 correct answers to this question.

A. Foreign currency allowed B. Minimum and maximum payment amounts C. Payment Medium D. Permitted Currencies

Correct Answer: A,B

Question 2

What do you configure for regrouping receivables and payables?

A. Provision Method B. Calculation Method C. Valuation Method D. Sort Method

Correct Answer: D

Question 3

Which physical inventory methods are available in SAP S/4HANA?
Note: There are 3 correct answers to this question.

A. Standard inventory method B. Actual inventory method C. Continuous inventory method D. Cycle counting method E. Periodic inventory method

Correct Answer: C,D,E

Question 4

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

Correct Answer: C,D,E

Question 5

What is the role of the valuation method in the foreign currency valuation? Note: There are 3 correct answers to this question.

A. Determine the G/L accounts for the valuation posting B. Define the document type for the valuation posting C. Determine the exchange rate type D. Define the posting and reversal date for the valuation posting E. Define the valuation procedure

Correct Answer: B,C,E

Question 6

You run the balance carry forward for your company code. When looking at the log you see there is an error with regards to Asset Accounting.
What is the cause of the error?

A. You have not closed the previous fiscal year. B. You have not run the settlement for your assets under construction. C. You have incomplete asset master records. D. You have not posted depreciation completely.

Correct Answer: C

Question 7

Which items are taken into account during foreign currency valuation?
Note: There are 2 correct answers to this question.

A. Balance valuation on items for balance sheet accounts not defined as open item management B. Balance valuation on items for balance sheet accounts defined with ledger group specific open item management C. Line item valuation for balance sheet accounts not defined as reconciliation account D. Line item valuation for balance sheet accounts defined as open item management

Correct Answer: B,D

Question 8

Your company structures its Profit & Loss (P&L) statement according to cost-of-sales accounting.
Which organizational unit do you need to define?

A. Segment B. Business area C. Functional area D. Profit center

Correct Answer: C

Question 9

You want to prepare a consolidated financial report for your corporate group consisting of 15 legal entities. You have 10 company codes defined in your SAP S/4HANA system in a single client.
The others use separate legacy systems.
How many companies should you define in your SAP S/4HANA system to accommodate the consolidation scenario?

A. 1 B. 10 C. 5 D. 15

Correct Answer: C

Question 10

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 task list monitoring of task status. B. It allows cross template maintenance. C. It covers multiple companies with same or similar tasks. D. It allows cross task list execution of tasks.

Correct Answer: B,C

SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting - C_TS4FI_2023 Exam Practice Test