Practice C-TS4FI-2023 Online & Free Download Latest C-TS4FI-2023 Learning Material Promise You to Purchase Safely and Easily
Practice C-TS4FI-2023 Online & Free Download Latest C-TS4FI-2023 Learning Material Promise You to Purchase Safely and Easily
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SAP C-TS4FI-2023 Exam Syllabus Topics:
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SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Sample Questions (Q14-Q19):
NEW QUESTION # 14
How would you define Intercompany Matching and Reconciliation (ICMR)? Note: There are 2 correct answers to this question.
- A. It is a solution that requires the parallel implementation of SAP Group Reporting Data Collection.
- B. It is a solution that can be integrated with Group Reporting.
- C. It is a solution that facilitates transaction matching between systems in Central Finance.
- D. It is a solution embedded in the SAP S/4HANA core.
Answer: B,D
NEW QUESTION # 15
How does the system determine the relevant accounting principle when performing foreign currency valuation?
- A. Via the valuation area
- B. Via the valuation type
- C. Via the valuation method
- D. Via the valuation class
Answer: B
Explanation:
In SAP S/4HANA, foreign currency valuation is performed to adjust the local currency equivalent of foreign currency-denominated balances based on exchange rate fluctuations. The system determines the relevant accounting principle (e.g., local GAAP, IFRS) for foreign currency valuation using the valuation type . Let's analyze each option to determine the correct answer.
Explanation of Each Option:
A. Via the valuation type
* Correct : The valuation type is used to determine the relevant accounting principle for foreign currency valuation. Valuation types are configured to represent different accounting principles (e.g., local GAAP, IFRS) or specific reporting requirements. During foreign currency valuation, the system uses the valuation type to apply the appropriate exchange rates and generate postings consistent with the selected accounting principle.
* Reference : According to SAP documentation, valuation types are key to defining the accounting principle and ensuring that foreign currency valuation complies with the required reporting standards.
B. Via the valuation method
* Incorrect : The valuation method defines how the valuation is calculated (e.g., balance sheet valuation, open item valuation). While it specifies the technical approach for performing the valuation, it does not determine the accounting principle. The accounting principle is determined by the valuation type, not the valuation method.
* Reference : Valuation methods focus on the calculation logic, not the accounting principle.
C. Via the valuation class
* Incorrect : The valuation class is used in material management (MM) to classify materials for inventory valuation purposes. It is unrelated to foreign currency valuation in financial accounting.
Valuation classes do not influence the determination of accounting principles for foreign currency valuation.
* Reference : Valuation classes are specific to inventory and material valuation, not foreign currency valuation.
D. Via the valuation area
* Incorrect : The valuation area is a concept used in material management (MM) to define the organizational level at which materials are valuated (e.g., plant level or company code level). It is unrelated to foreign currency valuation in financial accounting. Valuation areas do not determine the accounting principle for foreign currency valuation.
* Reference : Valuation areas are specific to inventory valuation and have no role in foreign currency valuation.
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Finance for Foreign Currency Valuation : Explains how valuation types are used to determine the relevant accounting principle during foreign currency valuation.
* SAP Help Portal - Foreign Currency Valuation : Provides detailed guidance on configuring valuation types and their role in applying accounting principles.
* Valuation Types in SAP S/4HANA : Describes how valuation types are linked to accounting principles and reporting requirements.
* Material Valuation Classes and Areas : Highlights the distinction between valuation classes/areas in material management and their irrelevance to foreign currency valuation.
NEW QUESTION # 16
Which of the following API types does SAP recommend to use to achieve clean core integrations?
Note: There are 2 correct answers to this question.
- A. SOAP
- B. OData
- C. RFC
- D. IDoc
Answer: B,C
NEW QUESTION # 17
Which of the following organizational elements can be shared by several company codes? Note: There are 3 correct answers to this question.
- A. Profit center
- B. Segment
- C. Sales organization
- D. Business area
- E. Plant
Answer: A,B,D
NEW QUESTION # 18
What are the 3 mandatory steps of the dunning process in the SAP S/4HANA system? Note: There are 3 correct answe-rs to this que-stion.
- A. Approve the dunning proposal
- B. Start the dunning printout
- C. Maintain the parameters of the dunning program
- D. Schedule the dunning run
- E. Change the dunning proposal
Answer: B,C,D
NEW QUESTION # 19
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