SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting (C-TS4FI-2023) Free Practice Test

Question 1

You want to prepare a consolidated financial report for your corporate group consisting of 15 legal entities. You have 10 company codes defined in your SAP S/4HANA system in a single client.
The others use separate legacy systems.
How many companies should you define in your SAP S/4HANA system to accommodate the consolidation scenario?

A. 15

B. 5

C. 1

D. 10

Correct Answer: B

Question 2

You post an incoming payment from a customer with a residual item for a payment difference.
What are the consequences?
Note: There are 2 correct answers to this question.

A. The original document and the payment are cleared.

B. The residual item is written off to a cost account.

C. Both the original open item and the residual item remain on the account as open items.

D. The residual item becomes a new receivable.

Correct Answer: A,D

Question 3

At which levels can the print program and its variant be assigned to the correspondence type?
Note: There are 2 correct answers to this question.

A. Company

B. System

C. Client

D. Company code

Correct Answer: C,D

Question 4

What are the consequences of the activation of segment reporting in Asset Accounting? Note:
There are 2 correct answers to this question.

A. The segment is automatically updated in existing asset master data.

B. The segment appears in the screen layout for asset master data.

C. The segment appears in the additional account assignment configuration.

D. The segment activation can be reversed.

Correct Answer: B,C

Question 5

In the standard sales process, when is the COGS posting generated in Financial Accounting?

A. Issue customer invoice

B. Create delivery document

C. Create billing document

D. Do PGI (Post Goods Issue)

Correct Answer: D

Question 6

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

A. The account where a residual item is posted

B. The type of payment notice sent to a customer

C. The special G/L indicator for the down payment

D. The document type of the payment

E. The exclusion of disputed residual items from credit limit checks

Correct Answer: A,B,E

Question 7

How does the system determine the relevant accounting principle when performing foreign currency valuation?

A. Via the valuation method

B. Via the valuation type

C. Via the valuation area

D. Via the valuation class

Correct Answer: C

Question 8

On which level do you maintain the currency translation ratio between two currencies?

A. Document type

B. Valuation type

C. Exchange rate type

D. Currency type

Correct Answer: C

Question 9

Which object is used to directly support the preparation for consolidation?

A. Functional Areas

B. Company/Trading Partner

C. Ledgers/Ledger Groups

D. Segments/Profit Centers

Correct Answer: B

Question 10

You want to make the Reference Document Number field required for entry. Which object controls this setting?
Please choose the correct answer.

A. Document field status

B. Document type

C. Document posting key

D. Document reference key

Correct Answer: B

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SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting (C-TS4FI-2023) Free Practice Test