C_TS4FI_2023: SAP S/4HANA Cloud Private Edition, Financial Accounting

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Question:
What is a functional reason to implement the document parking
workflow for journal entry verification?
There are 2 correct answers to this question.
Response:

Allows for pre-verification of entries before final posting

You do not use SAP Fiori.

providing an additional review layer.

You do not know how to configure the new functionality.

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Question:
What checks does the year-end closing program perform for Asset
Accounting in SAP S/4HANA?
There are 2 correct answers to this question.
Response:

Fixed asset fiscal year change is complete.

General ledger and subledgers are closed.

 Assets are complete and error free.

Depreciation is posted in full.

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Question:
In an asset main number in Asset Accounting, which information can be
different between international GAAP and local GAAP?
There are 2 correct answers to this question.
Response:

Capitalization date

Net book value

Asset class

Deprecation start date

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Question:
What are the typical steps performed during the execution of the
payment run with the automatic payment program?
There are 2 correct answers to this question.
Response:

Maintain open item selection parameters.

Define maximum amounts to be paid per supplier.

Review the payment proposal exception list.

Rank bank accounts for payment.

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Question:
When making a partial sale, how can you choose to calculate the
amount of value reduction for the asset?
There are 3 correct answers to this question.
Response:

By profit (or loss)

By quantity

By retirement amount

By percentage

By posted depreciation

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Question:
Identify the three types of tolerances in accounting.
There are 3 correct answers to this question.
Response:

Employee tolerance groups

G/L account tolerance groups

Customer/vendor tolerance groups

Special account tolerance groups

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Question:
Cleared items contain which of the following pieces of information?
There are 2 correct answers to this question.
Response:

Clearing document number

Due date
 Clearing date

Archival information

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Question:
Which of the following components make up an archiving object?
There are 3 correct answers to this question.
Response:

Data declaration part

Customizing settings

Programs

Variables

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Question:
What can you control with the reason code in Accounts Receivable?
There are 3 correct answers to this question.
Response:

The type of payment notice sent to a customer

The document type of the payment

The special G/L indicator for the down payment

The account where a residual item is posted

The exclusion of disputed residual items from credit limit checks

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Question:
What dunning-related data do you maintain on the business partner
master record?
There are 3 correct answers to this question.
Response:

Dunning procedure

Dunning area

Dunning interval

Dunning block

Dunning key

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Question:
You need to define a new document type with a specific document
number range to post customer invoices via interface from a non-SAP
system. How would you define the document number range?
Please choose the correct answer.
Response:

You have to use external number assignment.

You can use internal, external, or continuous number assignment.

You have to use continuous number assignment.

You have to use internal number assignment.

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Question:
Which ledger-specific configuration can you maintain at company code
level?
There are 2 correct answers to this question.
Response:

Posting period variant

 Fiscal year variant

Financial statement version

Field status variant

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Question:
What can you do with asset accounting in SAP S/4HANA Finance?
There are 3 correct answers to this question.
Response:

Post revenue for retirements by acquisition and production cost.

Assign separate settlement rules for depreciation areas.

Complete periodic acquisition and production cost adjustments postings.

Define transaction types by depreciation area

Simultaneously post separate values by depreciation area.

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Question:
Which prerequisite must be met by the technical clearing account for
integrated asset acquisition?
Please choose the correct answer.
Response:

The account is assigned in the asset account determination for each valid depreda

The account is a profit-and-loss account that must be open item managed.

The account is created for all active company codes of the client.

The account is a reconciliation balance sheet account for fixed assets.

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Question:
What can you assign in a depreciation area in SAP S/4HANA Finance
asset accounting?
Please choose the correct answer.
Response:

A Clearing account

A Parallel ledger

A Ledger group

An accounting principle

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Question:
Which of the following are SAP Fiori design principles?
There are 2 correct answers to this question.
Response:

Role-based

Routine

Rational

Responsive

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Question:
What are prerequisites for the 3-way match to work in procurement
transactions?
There are 2 correct answers to this question.
Response:

Goods receipt posted in reference to the purchase order

Invoice receipt posted in reference to the purchase order

Goods receipt posted before the invoice receipt

 Invoice receipt posted before the goods receipt

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Question:
You post a purchase order. For which expenses does the system
calculate accruals?
There are 2 correct answers to this question.
Response:

Insurance premiums

Consulting services

Raw material purchases

Fixed asset purchases

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Question:
Which objects can be posted to by more than one company code?
There are 3 correct answers to this question.
Response:

Profit Center

Cost center

Business area

Segment

Sales organization

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Question:
Which stage of the sales process creates documents for both Materials
Management and Financial Accounting?
Please choose the correct answer.
Response:

Shipping - delivery creation

Shipping - goods issue

Billing

Sales order creation

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Question:
You can use Boolean logic to define different types of logical
statements. Determine whether this statement is true or false.
Please choose the correct answer.
Response:

True

False

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Question:
Which process is automated with purchase order accruals, compared to
manual accruals with the accrual engine?
Please choose the correct answer.
Response:

Create opening posting

Breakdown accrual amount

Start accrual run

Create accrual object

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Question:
What components are defined by the depreciation key in SAP Asset
Accounting?
There are 3 correct answers to this question.
Response:

Multilevel method

Period control method

Base method

Asset sheet valuation method

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Question:
You have an invoice for transport expenses for your assets under
construction. These expenses can be capitalized per IFRS but not in the
local GAAP. What is the best way to handle this?
Please choose the correct answer.
Response:

Post the invoice to a clearing account and clear it per ledger group (capitalize for IF
local GAAP).

Post the invoice to assets under construction, and, after settlement, post a partial
local depreciation area.

Post the invoice twice: once as an expense to the local ledger group and once mor

Post the invoice to the assets under construction and manage settlement per depr

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Question:
Which of the following is the first step in the variant principle?
Please choose the correct answer.
Response:

Define variant

Determine values for the variant

Assign the variant to the objects

 Create multiple variants

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Question:
Which business partner categories are available to manage
relationships?
There are 2 correct answers to this question.
Response:

Person

Bank

Organization

Customer

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Question:
What technology did SAP leverage to eliminate aggregate tables from
the SAP S/4HANA system while maintaining compatibility with many
legacy programs?
Please choose the correct answer.
Response:

Columnar store

Compatibility views

Data aging

Indices

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Question:
You configured Asset Accounting for your company code with three
depreciation areas that post in real time and corresponding
depreciation areas to track group currency values.
When you post an external acquisition, how many documents are
created?
Please choose the correct answer.
Response:

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Question:
Which tasks are essential in the execution of dunning?
There are 2 correct answers to this question.
Response:

Maintain the dunning parameters.

Schedule the dunning run.

Maintain the dunning levels.

Schedule the dunning intervals.

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Question:
The SAP HANA database relies on which of the following technologies
for storing data?
There are 3 correct answers to this question.
Response:

In-memory

Aggregation

Indexing
 Columnar store

Compression

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Question:
Customers using classic General Ledger Accounting can use RFBILAOO
to create a financial statement at which organization levels?
There are 2 correct answers to this question.
Response:

Client level

Business area level

Company area level

Segment level

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Question:
Which of the following functions include the important functions of the
SAP List Viewer tool?
There are 3 correct answers to this question.
Response:

Setting filters

Defining print parameters

Deleting and inserting columns

Calculating totals and subtotals

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Question:
What does the document type control?
There are 2 correct answers to this question.
Response:

Which posting keys are allowed for postings

Whether negative postings are permitted

Whether exchange rate difference is permitted

Which account types are allowed for postings

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Question:
What are the necessary configurations in SAP S/4HANA for migrating
account values for a customer transitioning from classic general ledger?
There are 3 correct answers to this question.
Response:

Accounting principles

Valuation areas

Standard ledgers

Document types

Ledger groups

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Question:
In your SAP S/4HANA system, you want to archive the G/L accounts that
are not used by the business in any company code. What are
prerequisites to archiving all data of a G/L account?
There are 3 correct answers to this question.
Response:

The account is not used in any automatic account determination.

There are no transaction figures for the account.

 Set the deletion flag in the chart of accounts data of the G/L account.

Set the deletion flag in the company code data of the G/L account.

Transaction figures are older than a customizable amount of years.

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Question:
Which of the following fields can be configured as changeable in a
document header?
There are 3 correct answers to this question.
Response:

Document Reference

Document Date

Posting Date

Document Type

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Question:
What is the correct order of steps when configuring the payment
programs?
Please choose the correct answer.
Response:

All company codes, paying company codes, payment methods in country, paymen
company code, bank determination

All company codes, paying company codes, payment methods in State, payment m
company code, bank determination

All company codes, bank determination, paying company codes, payment method
payment methods in company code

All company codes, payment methods in country, paying company codes, paymen
company code, bank determination
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Question:
Which statement best describes the normal reversals functionality?
Please choose the correct answer.
Response:

Executes a transfer posting by resetting the transaction figures.

Executes an inverse posting by increasing the transaction figures.

Executes the inverse posting of a cleared document before resetting it.

Executes an inverse posting by resetting the transaction figures.

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Question:
Which deployment options exist for SAP S4HANA?
There are 3 correct answers to this question.
Response:

Central hub deployment

Cloud deployment

Hybrid deployment

On-premise deployment

Agile deployment

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Question:
What does the document splitting function do?
There are 2 correct answers to this question.
Response:

It ensures that you can create complete financial reports per profit center if it is re
business
 It enriches all customer and vendor line items with the defined splitting characteris
relevant subledgers.

It enables the automatic creation of additional postings documents for each define
characteristic

It enriches all relevant balance sheet account lines with the defined splitting chara

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Question:
At which levels can validations and substitutions for financial
accounting be defined?
There are 3 correct answers to this question.
Response:

System data

Line item

Universal Journal

Complete document

Header

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Question:
Which of the following are default items assigned to every financial
statement version?
There are 3 correct answers to this question.
Response:

Liquid funds

Profit and loss results

Noted items

Liabilities and equity

 Assets

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Question:
Which of the following activities does the system perform during the
payment run?
There are 3 correct answers to this question.
Response:

The system exports a list of documents to be paid.

The system makes postings to the G/L and AP/AR subledgers.

The system clears open items.

The system supplies the print programs with necessary data.

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Question:
Which SAP Fiori app type provides essential information about system
master data and offers links for navigating between related objects?
Please choose the correct answer.
Response:

Configuration

Fact sheet

Transactional

Analytical

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Question:
What are the maintenance levels of a screen layout rule for asset
classes?
Please choose the correct answer.
Response:
 Depreciation area, asset class, main asset number, subnumber

Asset class, main asset number, subnumber

Asset class, depreciation area, main asset number, group asset

Main asset number, subnumber, depreciation area

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Question:
What is the correct order of steps when you use the SAP I financial
Closing Cockpit?
Please choose the correct answer.
Response:

1. Create template
2. Create tasks
3. Define dependencies
4. Create task list
5. Release task list

1. Create tasks
2. Define dependencies
3. Create template
4. Create task list
5. Release task list

1. Create template
2. Create tasks
3. Create task list
4. Define dependencies
5. Release task list

1. Create tasks
2. Define dependencies
3. Create task list
4. Create template
5. Release task list

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Question:
In SAP S/4HANA, on which levels can you maintain open posting
periods?
There are 2 correct answers to this question.
Response:

Posting period variant

Fiscal year variant

Segment

Controlling area

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Question:
What types of entries can be specifically posted to a ledger in SAP
S/4HANA?
There are 3 correct answers to this question.
Response:

Accruals

Depreciation

Payments

Taxes

Currency valuation

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Question:
Which data sections are part of every asset class?
There are 2 correct answers to this question.
Response:

Depreciation data section

Master data section

Account determination data section

 Valuation area data section

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Question:
Which of the following retirement types is referred to as scrapping?
Please choose the correct answer.
Response:

Unplanned depreciation of remaining value

Partial retirement without revenue and without customer

Complete retirement with revenue but without customer

Complete integrated asset retirement

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Question:
What information is provided when you execute the balance audit trail?
Please choose the correct answer.
Response:

A comparison of general ledger account balances across ledgers

A list of changes of maintained sensitive fields in general ledger accounts

The open account balances for customer accounts and supplier accounts

The starting balance and the yearly changes to the balance of a general ledger acc

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Question:
What is controlled by the terms of payment?
There are 3 correct answers to this question.
Response:

Account for cash discount received

Determination of the baseline date

 Allowed account type

Default payment method

Setting for net procedure

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Question:
Your company code is assigned to two standard ledgers and one
extension ledger. You post an invoice with one expense line item with a
10% VAT (sales) tax.
How many line items are posted in the document entry view (table
BSEG)?
Please choose the correct answer.
Response:

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Question:
A general ledger account has a foreign currency setting of CAD. The
company code currency is USD. The controlling area currency is EUR.
Which currencies can you post to in this account?
Please choose the correct answer.
Response:

You can only post to the account in CAD, USD, and EUR.

You can only post to the account in CAD.

You can only post to the account in CAD and USD.

You can only post to the account in USD.

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Question:
In the trial balance report that is based on line items, how many fields
can you select to report on?
Please choose the correct answer.
Response:

Around 50

Fixed for 10

More than 100

More than 500

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Question:
What are the results when you post an outgoing partial payment?
There are 2 correct answers to this question.
Response:

The initial invoice remains open.

The initial invoice is cleared.

A payment is created with reference to the invoice.

A payment block is set on the invoice.

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Question:
Which field in the business partner master can you configure so that
the document reference is transferred to the line item?
Please choose the correct answer.
Response:

Line Item Text

Assignment
 Sort Key

Reference

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Question:
Which of the following statements are valid for financial document
number ranges?
There are 3 correct answers to this question.
Response:

Financial document number ranges defined at client level should NOT overlap.

Financial document number ranges are defined at company code level.

The same financial document number range can be assigned to several document

All financial document number ranges can contain numbers and/or letters.

Financial document number ranges must be defined for the year in which they are

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Question:
Which of the following parameters can you define within a dunning
procedure?
There are 2 correct answers to this question.
Response:

Number of dunning levels

Line item grace period

Line item total period

Company code

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Question:
What do you define when you create a new document type?
There are 2 correct answers to this question.
Response:

Number range for the document type

Posting keys for the document type

Reasons for reversal

Account types allowed for posting

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Question:
You're configuring a new SAP S/4HANA system. What are your options
for defining the number range assignments for business partners?
Please choose the correct answer.
Response:

Whichever account is created first drives the number range used.

The supplier drives the number range used.

The business partner drives the number range used.

The customer drives the number range used.

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Question:
In a valuation method, which of the following is not a valuation
approach for foreign currency valuation?
Please choose the correct answer.
Response:

Lowest value principle

Strict lowest value principle

Revalue only
 High rate of interest principle

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Question:
How can you select to post accrual amounts when customizing the
accrual engine?
There are 2 correct answers to this question.
Response:

Post delta amounts

Post foreign currencies

Post full amounts

Post closed periods

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Question:
How do you configure depreciation areas in SAP S/4HANA?
There are 2 correct answers to this question.
Response:

Ensure depreciation areas always post to the general ledger.

Assign a ledger group to each depreciation area.

Ensure each accounting principle is assigned to a depreciation area.

Assign depreciation area 01 to the leading ledger.

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Question:
Your customer wants the document numbers for two separate
document types to share the same number range. How can you achieve
this?
Please choose the correct answer.
Response:
 Create two external number ranges with the same range and assign one to each o
document types.

Create two internal number ranges with the same range and assign one each to th
document types.

Enter the same document number range in the customizing definition of both docu

Create a substitution rule that updates the document number based on the range
rule definition.

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Question:
When items aren’t automatically assigned for intercompany
reconciliation (ICR), how do you perform reconciliation?
There are 2 correct answers to this question.
Response:

Use an automated assignment rule.

Use SAP Leonardo machine-learning algorithms.

Export line item reports for each affiliate.

Match items manually.

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Question:
Which deployment option do you recommend to customers who want to
always be on the latest release of SAP S/4HANA?
Please choose the correct answer.
Response:

SAP S/4HANA on-premise

SAP S/4HANA Finance

SAP S/4HANA Cloud

SAP S/4HANA with Central Finance

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Question:
On which level do you maintain the bank directory?
Please choose the correct answer.
Response:

Profit center

Bank area

Client

Company code

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Question:
Which of the following is a technical year-end closing activity in SAP
S/4HANA?
Please choose the correct answer.
Response:

Balance sheet adjustments must be posted.

Foreign currency valuation must be posted.

Accruals must be posted.

Ledger balances must be carried forward.

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Question:
For which of the following transactions can you use noted items?
Please choose the correct answer.
Response:

Late payment

Down payment request

 Vendor payment

Customer payment

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Question:
You want to quickly launch the balance sheet for the company code you
are responsible for from the SAP Fiori launchpad. What can you create
to achieve this?
Please choose the correct answer.
Response:

Your own financial statement version

Your own application tile

Your own application catalog

Your own application group

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Question:
Your customer- performs pre-closing activities on the last day of the
month. Which activities are typically executed during pre-closing?
There are 2 correct answers to this question.
Response:

Post recurring entries for the general ledger.

Create the asset history sheet for asset accounting.

Process bad debt expenses for accounts receivable.

Perform foreign currency valuation for accounts payable.

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Question:
The managerial closing activities include locking the old accounting
period. Determine whether this statement is true or false.
Please choose the correct answer.
Response:

True

False

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Question:
Your SAP S/4HANA system is integrated with controlling. You perform
cost of sales accounting, and you report your profit and loss per profit
center.
When posting a supplier invoice to a primary cost account, which field
is mandatory by standard procedures?
Please choose the correct answer.
Response:

Segment

Functional Area

Business Area

Cost Center

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Question:
What are the reporting tools available within SAP S/4HANA embedded
analytics?
There are 2 correct answers to this question.
Response:

Query Browser

KPI modeling apps

SAP Analysis for Microsoft Office

SAP Analytics Cloud

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Question:
What settings can you define specifically for an asset class?
There are 3 correct answers to this question.
Response:

Asset under construction category

Synchronization rules for asset and equipment

Account determination key

Default transaction type for asset posting

Maximum amount for low-value assets

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Question:
Which of the following lists support the dunning clerk’s work?
There are 3 correct answers to this question.
Response:

The dunning history list

The blocked accounts list

The dunning list

The list of vendor balances in local currency

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Question:
Which information is checked by the system before a general ledger
account k archived?
Please choose the correct answer.
Response:

The assigned group account is already archived.

The Blocked for Posting indicator is set in master data.

 The Mark for Deletion indicator is set in master data

The Open item Management indicator is set in master data

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Question:
Which data can you edit in the payment proposal?
Please select all the correct answers that apply.
Response:

House bank

Payment block

Payee

Cash discount

Invoice amount

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Question:
How can you create an asset under construction?
There are 2 correct answers to this question.
Response:

Automatically, when settling capex costs from an internal order

Manually (transaction ASO1), using a specific asset class

Automatically, when creating an investment measure

Automatically, when settling capex costs from a WBS element