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

SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Sample Questions (Q33-Q38):

NEW QUESTION # 33
When defining a new standard ledger, which action must you take to manually post a general journal entry to it?

A. Assign a chart of accounts to the ledger
B. Define the underlying ledger
C. Include the ledger in a ledger group
D. Assign the ledger to a company code

Answer: C

Explanation:
In SAP S/4HANA, when defining a new standard ledger , you must take specific actions to enable manual postings of general journal entries to it. The critical step is to include the ledger in a ledger group . Let's analyze each option to determine the correct answer.
Explanation of Each Option:
A. Include the ledger in a ledger group
* Correct : To manually post a general journal entry to a new standard ledger, the ledger must be included in a ledger group . Ledger groups are used to define which ledgers are active for posting in specific company codes. By including the ledger in a ledger group and assigning that group to a company code, the system allows postings to the ledger.
* Reference : According to SAP documentation, ledger groups control the availability of ledgers for posting purposes. Without being part of a ledger group, a ledger cannot be used for manual postings.
B. Define the underlying ledger
* Incorrect : Defining the underlying ledger is not relevant for enabling manual postings. The underlying ledger concept applies to extension ledgers, which inherit data from a base ledger. Standard ledgers do not have an underlying ledger, so this action is unnecessary.
* Reference : Underlying ledgers are specific to extension ledgers and are unrelated to standard ledgers.
C. Assign a chart of accounts to the ledger
* Incorrect : While assigning a chart of accounts to the ledger is necessary for configuration, it is not sufficient to enable manual postings. The ledger must also be included in a ledger group to allow postings. Assigning a chart of accounts only ensures that the ledger has access to G/L accounts but does not activate it for posting.
* Reference : Assigning a chart of accounts is a prerequisite for ledger setup but does not directly enable posting capabilities.
D. Assign the ledger to a company code
* Incorrect : Assigning the ledger to a company code is not sufficient to enable manual postings. The ledger must first be included in a ledger group, which is then assigned to the company code. Direct assignment of a ledger to a company code without a ledger group will not activate it for posting.
* Reference : Ledger groups act as intermediaries between ledgers and company codes for posting purposes.
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Finance for Parallel Accounting : Explains the role of ledger groups in enabling postings to parallel ledgers.
* SAP Help Portal - Ledger Groups : Provides detailed guidance on configuring ledger groups and their importance in controlling ledger availability for postings.
* Ledger Configuration in SAP S/4HANA : Describes how standard ledgers are set up and activated for use in financial accounting.
* Universal Journal (ACDOCA) : Highlights the integration of ledgers and ledger groups in the Universal Journal framework.

NEW QUESTION # 34
On what level can you restrict postings using the posting period variant? Note: There are 2 correct answers to this question.

A. Supplier account
B. Fixed asset number
C. G/L account
D. Customer reconciliation account

Answer: A,D

Explanation:
In SAP S/4HANA, the posting period variant is used to control which posting periods are open for specific account types or accounts. It ensures that financial postings are made within authorized periods and helps maintain data integrity. The posting period variant can restrict postings at different levels, including reconciliation accounts for customers and suppliers. Let's analyze each option to determine the correct answers.
Explanation of Each Option:
A. Customer reconciliation account
* Correct : The posting period variant can restrict postings at the level of customer reconciliation accounts . These accounts are used to manage receivables from customers, and the posting period variant ensures that postings to these accounts are only allowed during authorized periods. This helps prevent unauthorized or late postings to customer accounts.
* Reference : According to SAP documentation, the posting period variant controls access to customer reconciliation accounts by defining which periods are open for posting.
D. Supplier account
* Correct : Similarly, the posting period variant can restrict postings at the level of supplier accounts (or supplier reconciliation accounts). These accounts are used to manage payables to vendors, and the posting period variant ensures that postings to these accounts are only allowed during authorized periods. This helps maintain control over vendor-related transactions.
* Reference : SAP documentation confirms that the posting period variant applies to supplier accounts to restrict postings based on the defined periods.
B. Fixed asset number
* Incorrect : The posting period variant does not restrict postings at the level of individual fixed asset numbers . Instead, fixed asset postings are controlled through depreciation areas, asset classes, and other configurations in Asset Accounting (FI-AA). The posting period variant focuses on account types (e.g., G/L accounts, customer accounts, supplier accounts) rather than individual assets.
* Reference : Fixed asset postings are managed separately in Asset Accounting and are not directly controlled by the posting period variant.
C. G/L account
* Incorrect : While the posting period variant controls postings for G/L accounts , it does so at the account type level (e.g., all G/L accounts of a specific type) rather than at the individual G/L account level. For example, the posting period variant defines open periods for all G/L accounts of type
"Assets," "Liabilities," or "Expenses," but not for specific individual G/L accounts.
* Reference : The posting period variant applies to account types, not individual G/L accounts.
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Finance for Posting Period Variant : Explains how the posting period variant controls postings for specific account types, including customer and supplier accounts.
* SAP Help Portal - Posting Period Variant Configuration : Provides detailed guidance on configuring posting period variants and their impact on account types.
* Reconciliation Accounts in SAP S/4HANA : Highlights the role of customer and supplier reconciliation accounts in financial accounting and how they are controlled by posting period variants.
* Asset Accounting Configuration : Describes how fixed asset postings are managed independently of the posting period variant.

NEW QUESTION # 35
You post an unplanned depreciation to an asset. What is the effect on FI-AA and FI-GL?

A. Posting is not done in FI-AA and in FI-GL until the depreciation posting program has run.
B. Posting is done in FI-AA and in FI-GL online and in real time.
C. Posting is done in FI-AA in real time and in FI-GL once the depreciation posting program has run.
D. Posting is done in FI-AA in real time and in FI-GL once the periodic posting program has run.

Answer: B

Explanation:
When an unplanned depreciation is posted to an asset in SAP S/4HANA, the system immediately updates both the Asset Accounting (FI-AA) and the General Ledger (FI-GL) in real time. This ensures that the financial statements reflect the most accurate and up-to-date information without waiting for any periodic posting programs.
* FI-AA Posting:
* The unplanned depreciation is recorded in the asset sub-ledger, reducing the asset's book value.
The asset master data is updated with the new depreciation values.
* Transaction Code: ABAA for unplanned depreciation.
* FI-GL Posting:
* The corresponding FI-GL accounts are also updated immediately. This includes posting the depreciation expense and adjusting the accumulated depreciation account.
* Real-time integration between FI-AA and FI-GL ensures that both ledgers are synchronized, providing a consistent view of the financial data.
ReferencesSAP S/4HANA Finance Documentation and Configuration Guides.

NEW QUESTION # 36
What does the fiscal year variant define? Note: There are 2 correct answers to this question.

A. The start and end date of posting periods
B. The number of posting periods
C. The authorization to post to special periods
D. The posting periods open for posting

Answer: A,B

Explanation:
Comprehensive Detailed Explanation with all SAP S/4HANA Cloud References The fiscal year variant in SAP S/4HANA defines the structure of the fiscal year for financial accounting purposes. It specifies how the fiscal year is divided into posting periods and special periods, as well as the duration of each period. Let's analyze each option to determine the correct answers.
Explanation of Each Option:
B. The number of posting periods
* Correct : The fiscal year variant determines the number of posting periods in a fiscal year. For example, most organizations use 12 regular posting periods corresponding to calendar months, but some may have fewer or additional periods depending on their business requirements.
* Reference : According to SAP documentation, the fiscal year variant is configured to define the total number of posting periods, including both regular and special periods.
C. The start and end date of posting periods
* Correct : The fiscal year variant also specifies the start and end dates of each posting period. This ensures that financial transactions are posted in the correct period and that period-end closing processes (e.g., accruals, depreciation) are aligned with the organization's fiscal calendar.
* Reference : SAP allows flexibility in defining fiscal year variants to accommodate different fiscal year structures, such as calendar years, shortened years, or non-calendar years.
A. The posting periods open for posting
* Incorrect : While the fiscal year variant defines the structure of the fiscal year, it does not control which posting periods are open for posting. This is managed through the posting period variant , which determines which periods are open for specific account types (e.g., G/L accounts, vendor accounts).
* Reference : The posting period variant is a separate configuration that works in conjunction with the fiscal year variant to control posting access.
D. The authorization to post to special periods
* Incorrect : Authorization to post to special periods is controlled by user roles and the posting period variant, not the fiscal year variant. The fiscal year variant only defines the existence and duration of special periods, not who can post to them.
* Reference : Special periods are typically used for year-end adjustments and are managed through the posting period variant and user authorizations.
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Finance for Fiscal Year Configuration : Explains how the fiscal year variant defines the structure of the fiscal year, including the number and duration of posting periods.
* SAP Help Portal - Fiscal Year Variant : Provides detailed guidance on configuring fiscal year variants and their impact on financial accounting.
* Posting Period Variant Configuration : Describes how the posting period variant controls which periods are open for posting, separate from the fiscal year variant.
* Period-End Closing Processes : Highlights the importance of fiscal year variants in aligning period- end activities with the fiscal calendar.

NEW QUESTION # 37
Which of the following currency types can be defined for a specific ledger? Note: There are 3 correct answers to this question.

A. 40 = Hard currency
B. 00 = Document currency
C. 30 = Group currency
D. 60 = Global company currency
E. 10 = Company code currency

Answer: B,C,E

Explanation:
Comprehensive Detailed Explanation with all SAP S/4HANA Cloud References In SAP S/4HANA, ledgers are used to manage financial accounting data and support parallel accounting requirements (e.g., local GAAP vs. IFRS). Each ledger can be configured with specific currency types to meet reporting and compliance needs. Let's analyze each option to determine which currency types can be defined for a specific ledger.
Explanation of Each Option:
B. 00 = Document currency
* Correct : The document currency (currency type 00) is the currency in which a financial transaction is originally recorded. It is always available in every ledger because it ensures that the original transaction amount is preserved for reporting and reconciliation purposes.
* For example, if an invoice is issued in USD, the document currency will be USD. This currency type is essential for maintaining accurate financial records.
* Reference : According to SAP documentation, the document currency is stored in the Universal Journal (ACDOCA) and is a mandatory field for every financial posting.
D. 10 = Company code currency
* Correct : The company code currency (currency type 10) is the default currency of the company code.
It is automatically available in every ledger and is used as the primary currency for legal reporting and balance sheet preparation.
* For example, if the company code currency is EUR, all postings are converted to EUR for reporting purposes, regardless of the document currency.
* Reference : The company code currency is defined during the creation of the company code and is a key component of financial reporting at the company code level.
E. 30 = Group currency
* Correct : The group currency (currency type 30) is used for consolidation purposes and represents the currency of the corporate group or headquarters. It can be defined for specific ledgers to support group reporting requirements, such as preparing consolidated financial statements.
* For example, if the group currency is USD, financial data from multiple company codes can be converted to USD for consolidation.
* Reference : Group currency is critical for external reporting under IFRS and is supported in SAP S
/4HANA through ledger configuration.
A. 60 = Global company currency
* Incorrect : The global company currency (currency type 60) is not a standard currency type in SAP S
/4HANA. While some custom implementations might use this term, it is not officially recognized in SAP documentation for ledger configuration.
* Reference : SAP S/4HANA supports predefined currency types like document currency, company code currency, and group currency, but global company currency is not part of the standard configuration.
C. 40 = Hard currency
* Incorrect : Hard currency (currency type 40) is a special currency type used in countries with high inflation or currency instability. It is not typically defined for specific ledgers unless required by local regulations.
* Reference : Hard currency is optional and is only relevant in specific scenarios, such as hyperinflationary economies. It is not a standard requirement for ledger configuration.
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Finance for Parallel Accounting : Explains how different currency types are used in ledgers to support parallel accounting requirements.
* SAP Help Portal - Currency Types in Ledgers : Provides detailed guidance on configuring currency types for specific ledgers.
* Universal Journal (ACDOCA) : Highlights that document currency (00), company code currency (10), and group currency (30) are stored in the universal journal and are essential for financial reporting.
* Group Reporting in SAP S/4HANA : Describes the use of group currency (30) for consolidation purposes.

NEW QUESTION # 38
......

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