SAP C_TS4FI_2023 Exam Practice Test Instant Access

Question 1

How would you define Intercompany Matching and Reconciliation (ICMR)? Note: There are 2 correct answe-rs to this que-stion.

AIt is a solution that facilitates transaction matching between systems in Central Finance.

BIt is a solution that requires the parallel implementation of SAP Group Reporting Data Collection.

CIt is a solution embedded in the SAP S/4HANA core.

DIt is a solution that can be integrated with Group Reporting.

Answer : A, D

Question 2

What are the consequences of the activation of segment reporting in Asset Accounting? Note: There are 2 correct answe-rs to this que-stion.

AThe segment is automatically updated in existing asset master data.

BThe segment appears in the screen layout for asset master data.

CThe segment appears in the additional account assignment configuration.

DThe segment activation can be reversed.

Answer : B, C

Question 3

What is the role of the valuation method in the foreign currency valuation? Note: There are 3 correct answe-rs to this que-stion.

ADetermine the exchange rate type

BDefine the document type for the valuation posting

CDetermine the G/L accounts for the valuation posting

DDefine the posting and reversal date for the valuation posting

EDefine the valuation procedure

Answer : A, B, E

Question 4

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

AExchange rate type

BDocument type

CValuation type

DCurrency type

Answer : A

Question 5

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?

AIndividual supplier accounts with special G/L indicator

BAlternative reconciliation G/L account

CAdjustment G/L account for foreign currency

DSupplier reconciliation G/L account

Answer : C

Question 6

Where do you assign the group chart of accounts?

ACompany code

BGeneral ledger account

CCompany

DOperating chart of accounts

Answer : D

Question 7

The SAP Business Network helps customers digitalize cross-company business processes. On which solutions does the network build?

Note: There are 3 correct answe-rs to this que-stion.

AHuman Capital Management

BContingent Workforce

CTravel

DSales

EProcurement

Answer : B, C, E

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