SAP C_TS4FI_2023 Exam Questions Instant Access

Question 1

What separates the leading ledger from other parallel standard ledgers?

AIt is used for performing segment reporting.

BIt doesn't derive values from other ledgers.

CIt is used to represent the group valuation

DIt is assigned to all company codes.

Answer : B

Question 2

You are posting a general journal entry for your company code. After posting the entry, you notice the document number is in the wrong number.

After reversing the document, what do you need to change when reposting the document?

AAssignment

BDocument type

CDocument number

DPosting key

Answer : B

Question 3

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 4

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 5

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?

AYou have not run the settlement for your assets under construction.

BYou have incomplete asset master records.

CYou have not closed the previous fiscal year.

DYou have not posted depreciation completely.

Answer : B

Question 6

You want to prepare a consolidated financial report for your corporate group consisting of 15 legal entities. You have 10 company codes defined in your SAP S/4HANA system in a single client. The others use separate legacy systems.

How many companies should you define in your SAP S/4HANA system to accommodate the consolidation scenario?

C15

D10

Answer : B

Question 7

How does the system determine the relevant accounting principle when performing foreign currency valuation?

AVia the valuation type

BVia the valuation area

CVia the valuation class

DVia the valuation method

Answer : B

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