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Free PDF Updated SAP - C-TS4FI-2023 Testking Exam Questions

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SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Sample Questions (Q16-Q21):

NEW QUESTION # 16
You have cleared a customer open item but want to undo this action.
What are the available options? Note: There are 2 correct answers to this question.

A. Reset and reverse the clearing document
B. Reset the clearing document
C. Repost the clearing document
D. Reverse the clearing document

Answer: A,B

Explanation:
In SAP S/4HANA, when you clear a customer open item (e.g., by matching an invoice with a payment), the system creates a clearing document to mark the transaction as cleared. If you later realize that the clearing was incorrect or needs to be undone, SAP provides specific options to handle this situation. Let's analyze each option to determine the correct answers.
Explanation of Each Option:
C. Reset and reverse the clearing document
* Correct : This option allows you to reset the clearing (i.e., reopen the cleared items) and then reverse the clearing document itself. Reversing the clearing document ensures that the original clearing entry is removed from the system, and the cleared items are restored to their original open status. This is useful if the clearing document contains errors or if the clearing was performed in the wrong period.
* Reference : According to SAP documentation, resetting and reversing the clearing document is a standard procedure to completely undo the clearing process.
D. Reset the clearing document
* Correct : This option allows you to reset the clearing , which reopens the previously cleared items without reversing the clearing document. The clearing document remains in the system as a historical record, but the items are restored to their open status. This is useful if you only need to reopen the items for further processing (e.g., applying a different payment or correcting the clearing).
* Reference : SAP documentation confirms that resetting the clearing document restores the open items while retaining the clearing document for audit purposes.
A. Repost the clearing document
* Incorrect : Reposting the clearing document is not a valid option for undoing a clearing action. Once a clearing document has been created, it cannot be "reposted" to undo the clearing. Instead, you must use the reset or reset-and-reverse functionality to reopen the items.
* Reference : Reposting applies to other types of documents (e.g., erroneous postings) but is not relevant for clearing documents.
B. Reverse the clearing document
* Incorrect : While reversing the clearing document is part of the process, it cannot be done independently. Before reversing the clearing document, you must first reset the clearing to reopen the items. Therefore, this option is incomplete and incorrect on its own.
* Reference : SAP requires the clearing to be reset before the clearing document can be reversed.
Key References to SAP Documentation:
* SAP S/4HANA Finance for Accounts Receivable and Payable : Explains the clearing process and how to undo clearing actions using reset and reversal functionalities.
* SAP Help Portal - Clearing Documents : Provides detailed guidance on resetting and reversing clearing documents in SAP S/4HANA.
* Open Item Management in SAP S/4HANA : Describes how clearing documents affect open items and how to manage them.
* Reversal of Financial Documents : Highlights the steps required to reverse clearing documents after resetting the cleared items.

NEW QUESTION # 17
Which items are taken into account during foreign currency valuation? Note: There are 2 correct answers to this question.

A. Line item valuation for balance sheet accounts not defined as reconciliation account
B. Line item valuation for balance sheet accounts defined as open item management
C. Balance valuation on items for balance sheet accounts not defined as open item management
D. Balance valuation on items for balance sheet accounts defined with ledger group specific open item management

Answer: B,C

NEW QUESTION # 18
You want to post depreciation costs of one asset to two cost centers.
How do you do this?

A. You assign a real cost center and a statistical cost center in the asset master data.
B. You assign a real internal order in the asset master data which you settle periodically to two cost centers.
C. You assign a statistical order in the asset master data which you settle periodically to two cost centers.
D. You assign two real cost centers in the asset master data.

Answer: B

NEW QUESTION # 19
From which G/L account types are values shown in the profit and loss (P&L) statement? Note: There are 3 correct answers to this question.

A. Primary Costs or Revenue
B. Balance Sheet Account
C. Secondary Costs
D. Non-operating Expense or Income
E. Cash Account

Answer: A,C,D

Explanation:
Comprehensive Detailed Explanation with all SAP S/4HANA Cloud References In SAP S/4HANA, the Profit and Loss (P&L) statement displays values from specific G/L account types that are classified as income or expense accounts. These accounts represent the financial performance of an organization over a specific period. Let's analyze each option to determine the correct answers.
Explanation of Each Option:
A. Non-operating Expense or Income
* Correct : Non-operating expenses or income (e.g., gains or losses from asset sales, interest income, or extraordinary items) are included in the P&L statement. These accounts represent income or expenses that are not part of the core operating activities of the business but still impact the overall financial performance.
* Reference : According to SAP documentation, non-operating income and expenses are categorized under P&L accounts and contribute to the net profit or loss.
C. Primary Costs or Revenue
* Correct : Primary costs or revenue accounts represent the core operating activities of the business, such as sales revenue, cost of goods sold, and direct operational expenses. These accounts are a fundamental part of the P&L statement and directly reflect the organization's primary financial performance.
* Reference : SAP classifies primary costs and revenues as P&L accounts, as they are essential for calculating gross profit and operating profit.
D. Secondary Costs
* Correct : Secondary costs (e.g., internal allocations, overheads, or indirect costs) are also included in the P&L statement. These accounts are typically used in management accounting (CO) and are transferred to the P&L statement through periodic allocations or settlements.
* Reference : Secondary costs are part of the cost-of-sales accounting process and are reflected in the P&L statement to provide a complete view of expenses.
B. Balance Sheet Account
* Incorrect : Balance sheet accounts (e.g., assets, liabilities, equity) are not included in the P&L statement. Instead, they are reported in the balance sheet, which provides a snapshot of the organization's financial position at a specific point in time.
* Reference : Balance sheet accounts do not represent income or expenses and therefore do not appear in the P&L statement.
E. Cash Account
* Incorrect : Cash accounts are part of the balance sheet (under assets) and are not directly included in the P&L statement. While cash flows may indirectly impact the P&L (e.g., through interest income or expenses), the cash account itself is not a P&L account type.
* Reference : Cash accounts are classified as balance sheet accounts and are excluded from the P&L statement.
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Finance for Financial Statements : Explains how G/L account types are classified and displayed in the P&L statement.
* SAP Help Portal - Account Types : Provides detailed guidance on the classification of G/L accounts into P&L and balance sheet categories.
* Profit and Loss Statement Configuration : Highlights the role of primary costs, secondary costs, and non-operating income/expenses in the P&L statement.
* Integration of FI-AA and CO-PA : Describes how secondary costs are transferred to the P&L statement for reporting purposes.

NEW QUESTION # 20
Which SAP Fiori apps can be run on any database? Note: There are 2 correct answe-rs to this que-stion.

A. Manage Chart of Accounts
B. Customer Accounting Document
C. Make Bank Transfers
D. Accounts Payable Overview

Answer: A,C

NEW QUESTION # 21
......

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