Hal Shaw Hal Shaw's Profile Page

Hal Shaw Hal Shaw

0 Course Enrolled • 0 Course Completed

Biography

Updated and Error-free SAP C_TS4FI_2023 Exam Practice Test Questions

BTW, DOWNLOAD part of Real4test C_TS4FI_2023 dumps from Cloud Storage: https://drive.google.com/open?id=14hquLBXyJdc5OGDvVsg2KvsR_KtHCejW

The SAP C_TS4FI_2023 certification provides is beneficial to accelerate your career in the tech sector. Today, the C_TS4FI_2023 is a fantastic choice to get high-paying jobs and promotions, and to achieve it, you must crack the challenging SAP exam. It is critical to prepare with actual C_TS4FI_2023 Exam Questions if you have less time and want to clear the test in a short time. You will fail and waste time and money if you do not prepare with real and updated SAP C_TS4FI_2023 Questions.

SAP C_TS4FI_2023 Exam Syllabus Topics:

Topic
Details

Topic 1

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 2

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

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.

Topic 4

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.

>> C_TS4FI_2023 High Quality <<

100% Pass Quiz 2025 Authoritative SAP C_TS4FI_2023 High Quality

We have thousands of satisfied customers around the globe so you can freely join your journey for the SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting certification exam with us. Real4test also guarantees that it will provide your money back if in any case, you are unable to pass the SAP C_TS4FI_2023 Exam but the terms and conditions are there that you must have to follow.

SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Sample Questions (Q22-Q27):

NEW QUESTION # 22
You want to post depreciation costs of one asset to two cost centers. How do you do this?

A. You assign a statistical order in the asset master data which you settle periodically to two cost centers.
B. You assign two real cost centers in the asset master data.
C. You assign a real internal order in the asset master data which you settle periodically to two cost centers.
D. You assign a real cost center and a statistical cost center in the asset master data.

Answer: C

NEW QUESTION # 23
Which currency types are defaulted in SAP S/4HANA? Note: There are 2 correct answers to this question.

A. 10 = Company code currency
B. 20 = Controlling area currency
C. 00 = Document currency
D. 30 = Group currency

Answer: A,C

Explanation:
In SAP S/4HANA, currency types are critical as they define the currencies in which transactions and reports are recorded. The default currency types in SAP S/4HANA include:
* 00 = Document currency: This is the currency in which the original transaction is recorded. It is essential for maintaining the accuracy and consistency of transactional data.
* 10 = Company code currency: Also known as the local currency, this is the currency used for the company's internal accounting and financial reporting. Each company code is assigned a specific local currency, ensuring that financial statements are prepared in a standardized manner.
These currency types are foundational in SAP S/4HANA and are automatically included in the system configuration to support various financial operations and reporting needs.
References
* [25:26†SAP 4_HANA FICO.pdf]
* [28:1†1709119988077.pdf]
Organizational Assignments and Process Integration

NEW QUESTION # 24
You run a financial statement report and notice the net profit calculated is different than what you expect.
What could cause the issue? Note: There are 2 correct answers to this question.

A. You have added an account to the liabilities node that belongs to the financial statement notes.
B. You have added an account to the wrong node and it is included in the assets section.
C. You selected account group assignment by balance for an account and it is displayed as a liability.
D. You have accounts that you have not assigned in the financial statement version.

Answer: B,D

Explanation:
In SAP S/4HANA, when running a financial statement report , discrepancies in the calculated net profit can arise due to misconfigurations or omissions in the financial statement version (FSV) . The FSV defines how G/L accounts are grouped and displayed in the financial statements. Let's analyze each option to determine the correct answers.
Explanation of Each Option:
A. You have added an account to the wrong node and it is included in the assets section.
* Correct : If an account is incorrectly assigned to the wrong node in the financial statement version (e.
g., an expense account mistakenly included in the assets section), it will distort the financial statement calculations. For example, an expense account incorrectly classified as an asset would reduce expenses and inflate assets, leading to an incorrect net profit calculation.
* Reference : According to SAP documentation, the accuracy of financial statements depends on proper assignment of accounts to the correct nodes in the FSV.
C. You have accounts that you have not assigned in the financial statement version.
* Correct : If certain accounts are not assigned to any node in the financial statement version, their balances will not be included in the financial statement report. This omission can lead to incomplete data and result in an incorrect net profit calculation.
* Reference : SAP documentation emphasizes the importance of assigning all relevant accounts to the appropriate nodes in the FSV to ensure accurate reporting.
B. You have added an account to the liabilities node that belongs to the financial statement notes.
* Incorrect : While adding an account to the liabilities node that belongs to the financial statement notes may affect the presentation of the financial statements, it does not directly impact the calculation of net profit. Net profit is primarily influenced by income and expense accounts, not liabilities or notes.
* Reference : Accounts in the liabilities section or notes do not directly contribute to the net profit calculation.
D. You selected account group assignment by balance for an account and it is displayed as a liability.
* Incorrect : Assigning an account to a specific group based on its balance (e.g., displaying it as a liability) affects how the account is categorized in the financial statement but does not alter the underlying balance or the net profit calculation. The net profit is determined by the actual balances of income and expense accounts, not their grouping.
* Reference : Grouping accounts by balance impacts presentation but does not change the financial data used in net profit calculations.
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Finance for Financial Statement Reporting : Explains how the financial statement version (FSV) determines the structure and accuracy of financial reports.
* SAP Help Portal - Financial Statement Version (FSV) : Provides detailed guidance on configuring and maintaining the FSV, including proper assignment of accounts to nodes.
* Net Profit Calculation in Financial Statements : Highlights the role of income and expense accounts in determining net profit and the impact of misconfigurations.
* Account Grouping and Presentation : Describes how accounts are grouped and displayed in financial statements without affecting underlying balances.

NEW QUESTION # 25
You run a financial statement report and notice the net profit calculated is different than what you expect.
What could cause the issue? Note: There are 2 correct answers to this question.

A. You have added an account to the liabilities node that belongs to the financial statement notes.
B. You have added an account to the wrong node and it is included in the assets section.
C. You selected account group assignment by balance for an account and it is displayed as a liability.
D. You have accounts that you have not assigned in the financial statement version.

Answer: C,D

NEW QUESTION # 26
Your company based in France has a permanent establishment in Switzerland where financial statements are required by law.
Which organizational unit do you need to create for the permanent establishment in Switzerland?

A. Company code
B. Segment
C. Business area
D. Profit center

Answer: A

Explanation:
To meet legal requirements for financial statements in Switzerland, you need to create a separate company code for the permanent establishment there. A company code is the smallest organizational unit for which a complete self-contained set of accounts can be drawn up for purposes of external reporting. This includes recording all relevant transactions and generating necessary financial statements.
Here are the steps to create a company code in SAP S/4HANA:
Define Company Code:
Transaction Code: OX02
Path: IMG -> Enterprise Structure -> Definition -> Financial Accounting -> Edit, Copy, Delete, Check Company Code.
Enter a four-character alphanumeric code for the new company code and fill in the necessary details such as company name, city, country, currency, and language. Save the entries.
Assign Company Code to Company:
Transaction Code: OX16
Path: IMG -> Enterprise Structure -> Assignment -> Financial Accounting -> Assign company code to company.
Select the company code and assign it to the appropriate company.
Define Additional Settings:
Fiscal Year Variant: Define and assign a fiscal year variant suitable for Switzerland if it differs from your main fiscal year variant (Transaction Code: OB29 and OB37).
Field Status Variant: Assign field status variants to your company code to control the data entry for different fields (Transaction Code: OBC4 and OBC5).
Open and Close Posting Periods:
Transaction Code: OB52
Define the periods during which posting is allowed for the company code.
By creating a company code, you ensure that the financial transactions for the Swiss establishment are recorded separately, and the financial statements can be prepared as required by Swiss law.

NEW QUESTION # 27
......

Nowadays, seldom do the exam banks have such an integrated system to provide you a simulation test. You will gradually be aware of the great importance of stimulating the actual C_TS4FI_2023 exam after learning about our C_TS4FI_2023 study tool. Because of this function, you can easily grasp how the practice system operates and be able to get hold of the core knowledge about the C_TS4FI_2023 Exam. In addition, when you are in the real exam environment, you can learn to control your speed and quality in answering questions and form a good habit of doing exercise, so that you’re going to be fine in the C_TS4FI_2023 exam.

Test C_TS4FI_2023 Sample Online: https://www.real4test.com/C_TS4FI_2023_real-exam.html

BTW, DOWNLOAD part of Real4test C_TS4FI_2023 dumps from Cloud Storage: https://drive.google.com/open?id=14hquLBXyJdc5OGDvVsg2KvsR_KtHCejW

Hal Shaw Hal Shaw

Biography

Company

Resources

Support

Hal Shaw Hal Shaw

Biography

Follow us

Company

Resources

Support