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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	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.
Topic 3	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 4	General Ledger Accounting: Under this topic, the focus is on creating and maintaining general ledger accounts, bank master data, and house banks.

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SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Sample Questions (Q51-Q56):

NEW QUESTION # 51
You try to create a G/L account but you get an error because the account number is not in the accepted range.
Which object do you need to customize to extend the number range?

A. Tolerance group
B. Account type
C. Account group
D. Chart of accounts

Answer: C

NEW QUESTION # 52
The 3-way match is the standard procedure used to post procurement transactions in SAP S/4HANA. How does it work?

A. The goods receipt needs to be created in reference to the purchase order.
B. The 3 logistical steps each generate financial documents.
C. The purchase order needs to be created in reference to a purchase request.
D. The invoice needs to be created in reference to the goods receipt.

Answer: A

Explanation:
The 3-way match is a standard procurement process in SAP S/4HANA that ensures accuracy and compliance by matching three key documents: the purchase order (PO) , the goods receipt (GR) , and the invoice receipt (IR) . This process verifies that the quantities, prices, and terms agreed upon in the purchase order are consistent with the goods received and the invoice received. Let's analyze each option to determine the correct answer.
Explanation of Each Option:
D. The goods receipt needs to be created in reference to the purchase order.
* Correct : In the 3-way match process, the goods receipt (GR) must be created in reference to the purchase order (PO) . This ensures that the goods received match the quantities and descriptions specified in the purchase order. The GR serves as a logistical document that updates inventory and generates a financial document for accruals.
* Reference : According to SAP documentation, the goods receipt is a critical step in the 3-way match process, as it provides the basis for verifying the physical receipt of goods against the PO.
A. The invoice needs to be created in reference to the goods receipt.
* Incorrect : While the invoice receipt (IR) can reference the goods receipt, it is not mandatory. The invoice is typically created in reference to the purchase order , not directly to the goods receipt. The 3- way match compares the invoice against both the purchase order and the goods receipt to ensure consistency.
* Reference : SAP allows flexibility in referencing documents during invoice creation, but the primary reference is usually the purchase order.
B. The purchase order needs to be created in reference to a purchase request.
* Incorrect : While purchase orders (POs) can be created based on purchase requests, this is not part of the 3-way match process. The 3-way match focuses on matching the PO, goods receipt, and invoice receipt, regardless of whether the PO was created from a purchase request.
* Reference : Purchase requests are part of the procurement workflow but are not directly involved in the
3-way match.
C. The 3 logistical steps each generate financial documents.
* Incorrect : Not all three logistical steps (purchase order, goods receipt, and invoice receipt) generate financial documents. Only the goods receipt and invoice receipt generate financial postings. The purchase order itself does not generate a financial document; it serves as a commitment document.
* Reference : SAP documentation confirms that only the goods receipt (for accruals) and invoice receipt (for liabilities) impact the financial ledger.
Key References to SAP Documentation:
* SAP S/4HANA Procurement Processes : Explains the 3-way match process and its role in ensuring accuracy in procurement transactions.
* SAP Help Portal - Goods Receipt and Invoice Verification : Provides detailed guidance on how goods receipts and invoice receipts are matched against purchase orders.
* Three-Way Match in SAP S/4HANA : Highlights the importance of referencing the purchase order during goods receipt and invoice verification.
* Financial Impact of Procurement Documents : Describes how goods receipts and invoice receipts generate financial postings, while purchase orders do not.

NEW QUESTION # 53
From which G/L account types are values shown in the profit and loss (P&L) statement? Note: There are 3 correct answe-rs to this que-stion.

A. Balance Sheet Account
B. Cash account
C. Primary cost or Revenue
D. Non-operating Expense or Income
E. Secondary Costs

Answer: C,D,E

NEW QUESTION # 54
In which scenarios is the technical clearing account posted? Note: There are 2 correct answers to this question.

A. Direct asset acquisition posting with a vendor invoice (not linked to a purchase order)
B. Asset transfer posting between asset classes
C. Settlement of an investment order to an asset under construction
D. Valuated goods receipt on a purchase order with an asset as account assignment

Answer: A,D

NEW QUESTION # 55
Which of the following objects is only a statistical account assignment for cost postings to an asset?

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

Answer: B

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 # 56
......

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Fantastic C_TS4FI_2023 Study Material Covers the Entire Syllabus of C_TS4FI_2023

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SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Sample Questions (Q51-Q56):

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Fantastic C_TS4FI_2023 Study Material Covers the Entire Syllabus of C_TS4FI_2023

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C_TS4FI_2023 Study Material - 100% Real Questions Pool

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