EXAM C_TS4FI_2023 FEES - EXAM C_TS4FI_2023 TRAINING

Exam C_TS4FI_2023 Fees - Exam C_TS4FI_2023 Training

Exam C_TS4FI_2023 Fees - Exam C_TS4FI_2023 Training

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The SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting exam is one of the most valuable certification exams. The SAP SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting exam opens a door for beginners or experienced PassReview professionals to enhance in-demand skills and gain knowledge. C_TS4FI_2023 Exam credential is proof of candidates' expertise and knowledge. After getting success in the SAP SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting exam, candidates can put their careers on the fast route and achieve their goals in a short period of time.

SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Sample Questions (Q37-Q42):

NEW QUESTION # 37
You have made an agreement with a customer to guarantee an amount of EUR 10000. What is the result of recording this guarantee in SAP S/4HANA?

  • A. Two noted items
  • B. One noted item
  • C. One statistical line item
  • D. Two statistical line items

Answer: C


NEW QUESTION # 38
What are some features of SAP Business Technology Platform? Note: There are 2 correct answers to this question.

  • A. It supports customers in understanding their stakeholder's needs.
  • B. It helps customers to collaborate to build flexible value chains.
  • C. It supports application development and integration.
  • D. It provides data management and analytics.

Answer: B,C

Explanation:
The SAP Business Technology Platform (BTP) is a unified platform that provides tools, services, and technologies to help businesses innovate, integrate, and extend their SAP and non-SAP solutions. It enables organizations to build, extend, and integrate applications while leveraging data management, analytics, and collaboration capabilities. Let's analyze each option to determine the correct answers.
Explanation of Each Option:
C. It helps customers to collaborate to build flexible value chains.
* Correct : One of the key features of SAP BTP is enabling collaboration across business networks and ecosystems. By integrating processes and data across partners, suppliers, and customers, SAP BTP helps organizations build flexible value chains that can adapt to changing market demands. This includes tools for supply chain visibility, partner collaboration, and process automation.
* Reference : According to SAP documentation, SAP BTP supports collaboration by connecting stakeholders and enabling seamless data exchange, which enhances supply chain resilience and flexibility.
D. It supports application development and integration.
* Correct : SAP BTP provides robust tools for application development and integration . Developers can use low-code/no-code tools, APIs, and pre-built connectors to create custom applications or integrate existing systems. The platform also supports microservices architecture, enabling modular and scalable application development.
* Reference : SAP emphasizes that SAP BTP is designed to accelerate innovation by providing a comprehensive environment for developing, extending, and integrating applications across hybrid landscapes.
A. It provides data management and analytics.
* Incorrect : While SAP BTP does offer data management and analytics capabilities (e.g., through SAP Data Warehouse Cloud, SAP Analytics Cloud, etc.), this is not one of the primary features highlighted in the context of this question. The focus here is on collaboration and application development/integration rather than analytics.
* Reference : Data management and analytics are part of SAP BTP but are secondary to its core functionalities of collaboration and integration.
B. It supports customers in understanding their stakeholder's needs.
* Incorrect : Although SAP BTP enables collaboration and data-driven insights, it does not directly focus on helping customers "understand their stakeholder's needs." This is more aligned with business strategy or customer relationship management (CRM) tools rather than the technical capabilities of SAP BTP.
* Reference : SAP BTP is primarily a technology platform focused on integration, development, and collaboration, not on stakeholder analysis or customer needs assessment.
Key References to SAP Documentation:
* SAP Business Technology Platform Overview : Explains the core features of SAP BTP, including collaboration, application development, and integration.
* SAP Help Portal - SAP BTP Capabilities : Provides detailed guidance on how SAP BTP supports flexible value chains and application development.
* Integration and Extensibility with SAP BTP : Highlights the platform's role in enabling seamless integration across hybrid landscapes and extending SAP solutions.
* Collaboration Tools in SAP BTP : Describes how SAP BTP facilitates collaboration across business networks and ecosystems.


NEW QUESTION # 39
When defining a new standard ledger, which action must you take to manually post a general journal entry to it?

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

Answer: A

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 # 40
Your organization has heard about SAP Intercompany Matching and Reconciliation (ICMR) and is wondering whether it could address their needs.
For which purposes can ICMR be useful? Note: There are 2 correct answers to this question.

  • A. To highlight and solve intercompany data discrepancy triggering a workflow
  • B. To trigger elimination of intercompany revenues & costs based on rules configured
  • C. To generate automatic posting to correct intercompany discrepancy
  • D. To generate automatic elimination of intercompany AR/AP balances

Answer: A,D

Explanation:
SAP Intercompany Matching and Reconciliation (ICMR) is a tool designed to help organizations identify, match, and reconcile intercompany transactions across different company codes or legal entities. It ensures that intercompany balances and transactions are consistent and accurate, which is critical for financial reporting and consolidation. Let's analyze each option to determine the correct answers.
Explanation of Each Option:
C. To highlight and solve intercompany data discrepancy triggering a workflow
* Correct : One of the primary purposes of ICMR is to identify discrepancies in intercompany transactions and balances. When discrepancies are detected, ICMR can trigger workflows to notify relevant stakeholders (e.g., accountants or controllers) so they can investigate and resolve the issues.
This ensures that intercompany data is reconciled accurately and efficiently.
* Reference : According to SAP documentation, ICMR provides tools to highlight mismatches and discrepancies in intercompany transactions, along with workflow capabilities to facilitate resolution.
D. To generate automatic elimination of intercompany AR/AP balances
* Correct : ICMR supports the automatic elimination of intercompany accounts receivable (AR) and accounts payable (AP) balances during the reconciliation process. By matching AR and AP balances between entities, ICMR ensures that these balances are eliminated in consolidated financial statements, reducing manual effort and improving accuracy.
* Reference : SAP documentation highlights that ICMR automates the elimination of intercompany AR
/AP balances as part of the reconciliation process, ensuring compliance with consolidation requirements.
A. To generate automatic posting to correct intercompany discrepancy
* Incorrect : While ICMR identifies discrepancies and facilitates their resolution, it does not automatically generate postings to correct these discrepancies. Instead, it provides tools to highlight mismatches and allows users to manually adjust or post corrections as needed. Automatic postings are typically handled by other functionalities in SAP S/4HANA, such as journal entries or consolidation adjustments.
* Reference : ICMR focuses on reconciliation and discrepancy resolution but does not automate corrective postings.
B. To trigger elimination of intercompany revenues & costs based on rules configured
* Incorrect : The elimination of intercompany revenues and costs is typically handled during the consolidation process , not by ICMR. Tools like SAP Group Reporting or Consolidation Cockpit are used to configure and execute elimination rules for intercompany revenues, costs, and profits.
ICMR focuses on reconciling AR/AP balances and transactional data, not consolidation eliminations.
* Reference : Elimination of intercompany revenues and costs is part of the consolidation functionality, not the scope of ICMR.
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Finance for Intercompany Reconciliation : Explains the purpose and functionality of ICMR in identifying and resolving intercompany discrepancies.
* SAP Help Portal - Intercompany Matching and Reconciliation : Provides detailed guidance on how ICMR highlights discrepancies and automates AR/AP eliminations.
* Consolidation Process in SAP S/4HANA : Describes how intercompany eliminations for revenues, costs, and profits are handled during consolidation.
* Workflow Integration in ICMR : Highlights how workflows are triggered to resolve intercompany discrepancies.


NEW QUESTION # 41
You are implementing the Financial Closing Cockpit for your organization.
What are the advantages of defining task groups? Note: There are 2 correct answers to this question.

  • A. It covers multiple companies with same or similar tasks.
  • B. It allows cross task list execution of tasks.
  • C. It allows cross task list monitoring of task status.
  • D. It allows cross template maintenance.

Answer: A,B

Explanation:
In SAP S/4HANA, the Financial Closing Cockpit is a tool used to manage and monitor financial closing activities efficiently. Task groups are a key feature of the Financial Closing Cockpit that allow organizations to group related tasks together for better organization, execution, and monitoring. Let's analyze each option to determine the correct answers.
Explanation of Each Option:
C. It covers multiple companies with same or similar tasks.
* Correct : Task groups can be used to define tasks that are applicable to multiple companies within an organization. This is particularly useful for organizations with multiple legal entities or company codes that perform similar closing activities. By grouping these tasks together, you can streamline the closing process across the organization.
* Reference : According to SAP documentation, task groups help standardize and centralize tasks for multiple companies, ensuring consistency and efficiency in the closing process.
D. It allows cross task list execution of tasks.
* Correct : Task groups enable the execution of tasks across multiple task lists. A task group can include tasks from different task lists, allowing users to execute them in a coordinated manner. This ensures that interdependent tasks are completed in the correct sequence, even if they belong to different task lists.
* Reference : SAP documentation highlights that task groups facilitate the execution of tasks across task lists, improving the coordination and efficiency of the closing process.
A. It allows cross task list monitoring of task status.
* Incorrect : While task groups improve the organization and execution of tasks, they do not inherently provide cross-task list monitoring of task status. Monitoring task status is typically handled at the individual task list level or through dashboards and reports, not directly through task groups.
* Reference : Task groups focus on grouping and executing tasks, but monitoring is managed separately using tools like task list overviews or system-generated reports.
B. It allows cross template maintenance.
* Incorrect : Task groups do not directly support cross-template maintenance. Templates are predefined sets of tasks that can be reused, but maintaining templates across multiple task groups is not a feature of task groups themselves. Template maintenance is managed independently of task groups.
* Reference : Cross-template maintenance is not a function of task groups but rather a separate configuration activity.
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Finance for Financial Closing Cockpit : Explains the role of task groups in organizing and executing tasks for financial closing.
* SAP Help Portal - Financial Closing Cockpit : Provides detailed guidance on creating and managing task groups, including their use for multiple companies and cross-task list execution.
* Task Group Configuration : Highlights how task groups streamline closing activities for organizations with multiple company codes or similar tasks.
* Cross-Task List Execution : Describes how task groups enable the coordinated execution of tasks across different task lists.


NEW QUESTION # 42
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