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SAP C-TS4FI-2023 Exam Syllabus Topics:

Topic
Details

Topic 1

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.

Topic 2

Overview and Deployment of SAP S
4HANA: The topic gives an overview of SAP HANA architecture. Moreover, it describes the scope and deployment options of SAP S
4HANA.

Topic 3

Managing Clean Core: It explores clean core principles in ERP systems to maximize business process agility, reduce adaptation efforts, and accelerate innovation within the organization.

SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Sample Questions (Q76-Q81):

NEW QUESTION # 76
You post a vendor invoice for asset acquisition without reference to a purchase order. Which accounting documents are generated?

A. One document for all accounting principles
B. Separate documents for each and every accounting principle
C. One document per accounting principle & one document for all accounting principles
D. One document per accounting principle

Answer: C

Explanation:
Comprehensive Detailed Explanation with all SAP S/4HANA Cloud References In SAP S/4HANA, when you post a vendor invoice for asset acquisition without reference to a purchase order , the system generates accounting documents based on the configured ledgers and accounting principles. Specifically, it creates:
* One document per accounting principle (for parallel accounting requirements, such as local GAAP and IFRS).
* One document for all accounting principles (to consolidate postings across all ledgers).
Let's analyze each option to determine the correct answer.
Explanation of Each Option:
C. One document per accounting principle & one document for all accounting principles
* Correct : In SAP S/4HANA, when posting a vendor invoice for asset acquisition without a purchase order, the system generates:
* One document per accounting principle : This ensures compliance with parallel accounting requirements. Each ledger (representing a specific accounting principle) receives its own document to reflect the transaction according to the respective accounting rules.
* One document for all accounting principles : This consolidates the postings across all ledgers into a single document for the leading ledger (OL). The leading ledger serves as the primary record for external financial reporting.
* Reference : According to SAP documentation, this dual-document approach is a key feature of SAP S
/4HANA's simplified data model, ensuring both detailed and consolidated reporting.
A. One document per accounting principle
* Incorrect : While this is partially true (as separate documents are generated for each accounting principle), it does not account for the additional document created for all accounting principles in the leading ledger. This option is incomplete and therefore incorrect.
* Reference : SAP S/4HANA generates both individual and consolidated documents to meet parallel accounting and consolidation needs.
B. One document for all accounting principles
* Incorrect : This option suggests that only a single document is generated for all accounting principles.
However, SAP S/4HANA also creates separate documents for each accounting principle to comply with parallel accounting requirements. This option overlooks the need for ledger-specific postings.
* Reference : The system must generate separate documents for each accounting principle to ensure accurate reporting under different standards (e.g., local GAAP vs. IFRS).
D. Separate documents for each and every accounting principle
* Incorrect : While separate documents are generated for each accounting principle, this option fails to mention the additional document created for all accounting principles in the leading ledger. It is therefore incomplete and incorrect.
* Reference : SAP S/4HANA's architecture ensures that both ledger-specific and consolidated documents are created to meet reporting and reconciliation requirements.
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Finance for Parallel Accounting : Explains how SAP S/4HANA handles parallel accounting requirements using multiple ledgers and generates corresponding documents.
* SAP Help Portal - Universal Journal (ACDOCA) : Provides detailed guidance on how the Universal Journal supports the generation of documents for multiple accounting principles.
* Vendor Invoice Posting Without Purchase Order : Describes the accounting documents generated during vendor invoice postings for asset acquisitions.
* Leading Ledger and Non-Leading Ledgers : Highlights the role of the leading ledger in consolidating postings across all accounting principles.

NEW QUESTION # 77
What is the role of the valuation method in the foreign currency valuation? Note: There are 3 correct answers to this question.

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

Answer: B,D,E

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 # 78
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. RFC
B. OData
C. SOAP
D. IDoc

Answer: B,C

NEW QUESTION # 79
Which of the following organizational elements can be shared by several company codes?
Note: There are 3 correct answers to this question.

A. Plant
B. Sales organization
C. Profit center
D. Segment
E. Business area

Answer: C,D,E

NEW QUESTION # 80
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. OData
B. RFC
C. SOAP
D. IDoc

Answer: A,B

NEW QUESTION # 81
......

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