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

Question 1

What is the prerequisite for a G/L account to switch off open item management for it?

A. It has been blocked against postings.

B. It has a zero balance.

C. It has not been posted to.

D. It has no open items.

Correct Answer: B

Question 2

Which physical inventory methods are available in SAP S/4HANA?
Note: There are 3 correct answers to this question.

A. Periodic inventory method

B. Cycle counting method

C. Continuous inventory method

D. Standard inventory method

E. Actual inventory method

Correct Answer: A,B,C

Question 3

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?

A. 1

B. 5

C. 10

D. 15

Correct Answer: B

Question 4

Where do you assign the currency type?

A. Valuation area

B. Accounting principle

C. Company

D. Ledger

Correct Answer: D

Question 5

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

A. Via the valuation type

B. Via the valuation class

C. Via the valuation method

D. Via the valuation area

Correct Answer: D

Question 6

You want to make the Reference Document Number field required for entry. Which object controls this setting?
Please choose the correct answer.

A. Document type

B. Document posting key

C. Document field status

D. Document reference key

Correct Answer: A

Question 7

You post an unplanned depreciation to an asset. What is the effect on FI-AA and FI-GL?

A. Posting is done in FI-AA in real time and in FI-GL once the periodic posting program has run.

B. Posting is done in FI-AA in real time and in FI-GL once the depreciation posting program has run.

C. Posting is not done in FI-AA and in FI-GL until the depreciation posting program has run.

D. Posting is done in FI-AA and in FI-GL online and in real time.

Correct Answer: B

Question 8

You want to include multiple company codes in a single payment run. What are the prerequisites for the company codes?

A. They must be located in the same country.

B. They must all belong to the same company.

C. They must belong to the same controlling area.

D. They must have the same configuration for payment transactions.

Correct Answer: A

Question 9

How would you define Intercompany Matching and Reconciliation (ICMR)? Note: There are 2 correct answers to this question.

A. It is a solution that can be integrated with Group Reporting.

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

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

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

Correct Answer: A,D

Question 10

Which of the following currency types can be defined for a specific ledger?
Note: There are 3 correct answers to this question.

A. 00 = Document currency

B. 30 Group currency

C. 10 Company code currency

D. 60 Global company currency

E. 40 Hard currency

Correct Answer: A,B,C

SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting - C-TS4FI-2023 Exam Practice Test

Latest Update

Useful Links

Contact Us