GET CUSTOMIZABLE PRACTICE TEST FOR SAP C_TS4FI_2023 CERTIFICATION

Get Customizable practice test for SAP C_TS4FI_2023 Certification

Get Customizable practice test for SAP C_TS4FI_2023 Certification

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The SAP sector is an ever-evolving and rapidly growing industry that is crucial in shaping our lives today. With the growing demand for skilled SAP professionals, obtaining SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting (C_TS4FI_2023) certification exam has become increasingly important for those who are looking to advance their careers and stay competitive in the job market. Individuals who hold SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting (C_TS4FI_2023) certification exam demonstrate to their employers and clients that they have the knowledge and skills necessary to succeed in the C_TS4FI_2023 exam.

SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Sample Questions (Q39-Q44):

NEW QUESTION # 39
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 delivery document
  • D. Create billing document

Answer: B


NEW QUESTION # 40
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. Reverse the clearing document
  • B. Reset and reverse the clearing document
  • C. Repost the clearing document
  • D. Reset the clearing document

Answer: B,D

Explanation:
In SAP S/4HANA, when you clear a customer open item (e.g., by matching an invoice with a payment), the system creates a clearing document to mark the transaction as cleared. If you later realize that the clearing was incorrect or needs to be undone, SAP provides specific options to handle this situation. Let's analyze each option to determine the correct answers.
Explanation of Each Option:
C. Reset and reverse the clearing document
* Correct : This option allows you to reset the clearing (i.e., reopen the cleared items) and then reverse the clearing document itself. Reversing the clearing document ensures that the original clearing entry is removed from the system, and the cleared items are restored to their original open status. This is useful if the clearing document contains errors or if the clearing was performed in the wrong period.
* Reference : According to SAP documentation, resetting and reversing the clearing document is a standard procedure to completely undo the clearing process.
D. Reset the clearing document
* Correct : This option allows you to reset the clearing , which reopens the previously cleared items without reversing the clearing document. The clearing document remains in the system as a historical record, but the items are restored to their open status. This is useful if you only need to reopen the items for further processing (e.g., applying a different payment or correcting the clearing).
* Reference : SAP documentation confirms that resetting the clearing document restores the open items while retaining the clearing document for audit purposes.
A. Repost the clearing document
* Incorrect : Reposting the clearing document is not a valid option for undoing a clearing action. Once a clearing document has been created, it cannot be "reposted" to undo the clearing. Instead, you must use the reset or reset-and-reverse functionality to reopen the items.
* Reference : Reposting applies to other types of documents (e.g., erroneous postings) but is not relevant for clearing documents.
B. Reverse the clearing document
* Incorrect : While reversing the clearing document is part of the process, it cannot be done independently. Before reversing the clearing document, you must first reset the clearing to reopen the items. Therefore, this option is incomplete and incorrect on its own.
* Reference : SAP requires the clearing to be reset before the clearing document can be reversed.
Key References to SAP Documentation:
* SAP S/4HANA Finance for Accounts Receivable and Payable : Explains the clearing process and how to undo clearing actions using reset and reversal functionalities.
* SAP Help Portal - Clearing Documents : Provides detailed guidance on resetting and reversing clearing documents in SAP S/4HANA.
* Open Item Management in SAP S/4HANA : Describes how clearing documents affect open items and how to manage them.
* Reversal of Financial Documents : Highlights the steps required to reverse clearing documents after resetting the cleared items.


NEW QUESTION # 41
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. Define the valuation procedure
  • D. Determine the exchange rate type
  • E. Define the posting and reversal date for the valuation posting

Answer: A,C,D

Explanation:
In SAP S/4HANA, foreign currency valuation is a process used to revalue open items and balance sheet accounts in foreign currencies at the end of a period. The valuation method plays a critical role in this process by defining how the valuation is performed. Let's analyze each option to determine the correct answers.
Explanation of Each Option:
B. Define the valuation procedure
* Correct : The valuation method determines the valuation procedure , which specifies how accounts are revalued (e.g., open items, balance sheet accounts). The valuation procedure ensures that the correct accounts and items are included in the valuation process.
* Reference : According to SAP documentation, the valuation method is linked to the valuation procedure, which governs the rules for revaluing accounts and open items.
C. Determine the exchange rate type
* Correct : The valuation method specifies the exchange rate type to be used for revaluation. For example, it may use the month-end rate or another predefined rate type. This ensures consistency and compliance with accounting standards during the valuation process.
* Reference : SAP documentation confirms that the valuation method defines the exchange rate type to ensure accurate revaluation of foreign currency balances.
D. Determine the G/L accounts for the valuation posting
* Correct : The valuation method determines the G/L accounts used for valuation postings, such as the unrealized gains/losses accounts. These accounts are updated during the valuation process to reflect the impact of currency fluctuations.
* Reference : SAP allows the valuation method to specify the G/L accounts for unrealized gains and losses, ensuring proper accounting treatment.
A. Define the document type for the valuation posting
* Incorrect : The document type for the valuation posting is defined at the configuration level for foreign currency valuation, not within the valuation method itself. While the document type is important for posting, it is not controlled by the valuation method.
* Reference : Document types are configured separately and are independent of the valuation method.
E. Define the posting and reversal date for the valuation posting
* Incorrect : The posting and reversal dates for the valuation posting are determined during the execution of the valuation run, not by the valuation method. These dates are typically based on the key date specified in the valuation process.
* Reference : Posting and reversal dates are runtime parameters and are not part of the valuation method configuration.
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Finance for Foreign Currency Valuation : Explains the role of the valuation method in defining the valuation procedure, exchange rate type, and G/L accounts.
* SAP Help Portal - Foreign Currency Valuation : Provides detailed guidance on configuring valuation methods and their impact on the valuation process.
* Valuation Procedure Configuration : Highlights how the valuation method determines the rules for revaluing accounts and open items.
* Exchange Rate Types in SAP S/4HANA : Describes how exchange rate types are used in foreign currency valuation and their assignment in the valuation method.


NEW QUESTION # 42
Which of the following objects is only a statistical account assignment for cost postings to an asset?

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

Answer: B


NEW QUESTION # 43
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 the clearing document
  • B. Reset and reverse the clearing document
  • C. Reverse the clearing document
  • D. Repost the clearing document

Answer: B,C


NEW QUESTION # 44
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