SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting (C_TS4FI_2023) Free Practice Test

Question 1

You are entering a credit memo in Financial Accounting and are wondering why the entered payment terms are being ignored. What are the reasons?
Note: There are 2 correct answers to this question.

A. The due date determined based on the entered payment terms is in the past.

B. The credit memo was created without reference to an invoice.

C. The field "Reference" of the credit memo is blank.

D. The credit memo was entered in Financial Accounting.

Correct Answer: A,B

Question 2

Which of the following currency types can you set in customizing activity "define setting for ledgers and currency type"?
There are 2 correct answers to this question.

A. Transaction currency

B. Local currency

C. Group currency

D. Material ledger currency

Correct Answer: B,C

Question 3

Which of the following organizational elements can be shared by several company codes?
Note: There are 3 correct answers to this question.

A. Business area

B. Sales organization

C. Segment

D. Plant

E. Profit center

Correct Answer: A,C,E

Question 4

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. Valuated goods receipt on a purchase order with an asset as account assignment

C. Settlement of an investment order to an asset under construction

D. Asset transfer posting between asset classes

Correct Answer: A,B

Question 5

Your company follows IFRS accounting principles and needs to issue a full financial statement for its two main divisions "Consumer Products" & "Professional Products".
What do you need to achieve segment reporting in this scenario?
Note: There are 3 correct answers to this question.

A. Profitability segments

B. Business areas

C. Document splitting

D. Segments

E. Profit centers

Correct Answer: B,D,E

Question 6

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. Chart of accounts

B. Account type

C. Tolerance group

D. Account group

Correct Answer: D

Question 7

You run the balance carry forward for your company code. When looking at the log you see there is an error with regards to Asset Accounting.
What is the cause of the error?

A. You have incomplete asset master records.

B. You have not closed the previous fiscal year.

C. You have not run the settlement for your assets under construction.

D. You have not posted depreciation completely.

Correct Answer: A

Question 8

What separates the leading ledger from other parallel standard ledgers?

A. It doesn't derive values from other ledgers.

B. It is used to represent the group valuation

C. It is assigned to all company codes.

D. It is used for performing segment reporting.

Correct Answer: A

Question 9

You perform foreign currency valuation for open items of your supplier accounts. The valuations will be used only for period end reporting and should then be reversed.
What account does the system use to post the valuation differences?

A. Individual supplier accounts with special G/L indicator

B. Supplier reconciliation G/L account

C. Alternative reconciliation G/L account

D. Adjustment G/L account for foreign currency

Correct Answer: D

Question 10

Where do you assign the currency type?

A. Company

B. Valuation area

C. Accounting principle

D. Ledger

Correct Answer: D

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SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting (C_TS4FI_2023) Free Practice Test