SAP C_TS4FI_2023 Exam Practice Test Instant Access

Question 1

You define the technical clearing account for Integrated Asset Acquisition in Customizing. Which prerequisites must be met?

Note: There are 2 correct answe-rs to this que-stion.

AThe account is a balance sheet account.

BThe account is defined as a reconciliation account for fixed assets.

CThe account is defined as open item managed.

DThe account is defined in the account determination for each asset class.

Answer : A, B

Question 2

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

AFunctional Areas

BSegments/Profit Centers

CCompany/Trading Partner

DLedgers/Ledger Groups

Answer : 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

You have activated the WBS Element (not related to Investment Management) as an account assignment for asset accounting ''balance sheet" and "identical" active.

What are the consequences?

Note: There are 2 correct answe-rs to this que-stion.

AThe WBS Element is available for input in the asset master record.

BThe WBS Element cannot be used anymore for settlement.

CThe WBS Element can no longer be changed in the asset master record once the asset is capitalized.

DThe WBS Element from the asset master data can be changed during planned depreciation posting.

Answer : A, C

Question 5

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

AAssign the ledger to a company code

BAssign a chart of accounts to the ledger

CDefine the underlying ledger

DInclude the ledger in a ledger group

Answer : B

Question 6

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 7

You post a vendor invoice for asset acquisition without reference to a purchase order. Which accounting documents are generated?

AOne document per accounting principle & one document for all accounting principles

BSeparate documents for each and every accounting principle

COne document for all accounting principles

DOne document per accounting principle

Answer : A

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