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SAP C_TS4FI_2023 Exam Syllabus Topics:

Topic	Details
Topic 1	Managing Clean Core: It explores clean core principles in ERP systems to maximize business process agility, reduce adaptation efforts, and accelerate innovation within the organization.
Topic 2	General Ledger Accounting: Under this topic, the focus is on creating and maintaining general ledger accounts, bank master data, and house banks.
Topic 3	Overview and Deployment of SAP S 4HANA: The topic gives an overview of SAP HANA architecture. Moreover, it describes the scope and deployment options of SAP S 4HANA.

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SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Sample Questions (Q28-Q33):

NEW QUESTION # 28
On which levels can you define the technical clearing account for Integrated Asset Acquisition in Customizing? Note: There are 2 correct answers to this question.

A. Chart of Accounts
B. Depreciation area
C. Asset Class
D. Account determination

Answer: A,D

NEW QUESTION # 29
You notice that the GR/IR account does not have a zero balance.
What could be the cause? Note: There are 2 correct answers to this question.

A. A purchase order has a partial invoice receipt but not yet a goods receipt.
B. A purchase order has a partial goods receipt for which we have not yet received an invoice.
C. A purchase order has a goods receipt and an invoice receipt with the same quantity but with different values.
D. A purchase order has a goods receipt and an invoice receipt with the same quantity and values.

Answer: A,B

Explanation:
The GR/IR (Goods Receipt/Invoice Receipt) clearing account is a reconciliation account used to balance the timing differences between goods receipts and invoice receipts in procurement processes. If the GR/IR account does not have a zero balance, it indicates that there are unmatched postings between goods receipts and invoice receipts. Let's analyze each option to determine the correct answers.
Explanation of Each Option:
C. A purchase order has a partial goods receipt for which we have not yet received an invoice.
* Correct : When a partial goods receipt is posted, the system debits the stock account (or expense account) and credits the GR/IR account. If no corresponding invoice receipt has been posted for this partial goods receipt, the GR/IR account will remain open with a credit balance. This is a common cause of a non-zero GR/IR balance.
* Reference : According to SAP documentation, unmatched goods receipts result in open items in the GR
/IR account until the corresponding invoice is received and posted.
D. A purchase order has a partial invoice receipt but not yet a goods receipt.
* Correct : When a partial invoice receipt is posted without a corresponding goods receipt, the system debits the GR/IR account and credits the vendor account. Since the goods receipt has not yet been posted, the GR/IR account will remain open with a debit balance. This is another common cause of a non-zero GR/IR balance.
* Reference : SAP documentation highlights that unmatched invoice receipts create open items in the GR
/IR account until the corresponding goods receipt is posted.
A. A purchase order has a goods receipt and an invoice receipt with the same quantity and values.
* Incorrect : If a purchase order has a goods receipt and an invoice receipt with the same quantity and values , the GR/IR account will be balanced. The goods receipt creates a credit entry in the GR/IR account, and the invoice receipt creates a matching debit entry, resulting in a zero balance. This scenario does not cause a non-zero GR/IR balance.
* Reference : Matching quantities and values ensure that the GR/IR account is cleared automatically.
B. A purchase order has a goods receipt and an invoice receipt with the same quantity but with different values.
* Incorrect : While differences in values between goods receipts and invoice receipts can lead to price variances, these variances are typically posted to separate accounts (e.g., material price variance or price difference accounts). The GR/IR account itself should still be balanced because the quantities match, and the system clears the GR/IR account based on quantity, not value.
* Reference : Value differences are handled through variance accounts, not by leaving the GR/IR account open.
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Finance for Procurement Processes : Explains how goods receipts and invoice receipts impact the GR/IR clearing account.
* SAP Help Portal - GR/IR Clearing Account : Provides detailed guidance on the causes of open items in the GR/IR account and how to resolve them.
* Reconciliation of GR/IR Accounts : Describes the process of clearing unmatched goods receipts and invoice receipts.
* Procurement Integration with FI-GL : Highlights how GR/IR postings are managed in financial accounting.

NEW QUESTION # 30
At which levels can the print program and its variant be assigned to the correspondence type? Note: There are 2 correct answe-rs to this que-stion.

A. System
B. Company
C. Company code
D. Client

Answer: C,D

NEW QUESTION # 31
You want to assign your 3 newly created company codes to the same controlling are a. Which settings must be common to all the company codes?
Note: There are 2 correct answe-rs to this que-stion.

A. Source currency for group currency
B. Fiscal year variant
C. Operating chart of accounts
D. Posting period variant

Answer: B,C

NEW QUESTION # 32
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 defined with ledger group specific open item management
D. Balance valuation on items for balance sheet accounts not defined as open item management

Answer: B,D

Explanation:
In SAP S/4HANA, foreign currency valuation is performed to adjust the local currency equivalent of foreign currency-denominated balances based on exchange rate fluctuations at a specific key date (e.g., month- end or year-end). The valuation process considers specific account types and configurations. Let's analyze each option to determine the correct answers.
Explanation of Each Option:
A. Balance valuation on items for balance sheet accounts not defined as open item management
* Correct : Foreign currency valuation includes balance valuation for balance sheet accounts that are not defined as open item management . These accounts typically include fixed assets, equity accounts, or other non-reconciling balance sheet accounts. Since these accounts do not require line-item- level reconciliation, the system performs valuation at the balance level.
* Reference : According to SAP documentation, balance valuation is applied to accounts without open item management during foreign currency valuation.
C. Line item valuation for balance sheet accounts defined as open item management
* Correct : For balance sheet accounts defined as open item management , foreign currency valuation is performed at the line-item level . This ensures that each individual open item (e.g., vendor or customer invoices) is revalued based on the applicable exchange rate. Open item management accounts typically include accounts payable, accounts receivable, and bank clearing accounts.
* Reference : SAP documentation specifies that line-item valuation is used for accounts with open item management to ensure accurate revaluation of outstanding transactions.
B. Balance valuation on items for balance sheet accounts defined with ledger group specific open item management
* Incorrect : Ledger group-specific open item management does not influence the method of foreign currency valuation. Accounts with open item management are always valued at the line-item level, regardless of ledger group settings. Therefore, this option is incorrect.
* Reference : Ledger groups control the availability of ledgers for posting but do not affect the valuation method for open item management accounts.
D. Line item valuation for balance sheet accounts not defined as reconciliation account
* Incorrect : Foreign currency valuation is typically performed on reconciliation accounts (e.g., accounts payable, accounts receivable, or bank accounts). Non-reconciliation accounts, such as expense or revenue accounts, are not subject to foreign currency valuation. Therefore, this option is incorrect.
* Reference : Reconciliation accounts are specifically designed for foreign currency valuation, while non- reconciliation accounts are excluded from this process.
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Finance for Foreign Currency Valuation : Explains the process of foreign currency valuation and the types of accounts involved.
* SAP Help Portal - Foreign Currency Valuation : Provides detailed guidance on how balance and line- item valuations are performed during foreign currency valuation.
* Open Item Management in SAP S/4HANA : Describes how open item management affects the valuation process for balance sheet accounts.
* Reconciliation Accounts : Highlights the role of reconciliation accounts in foreign currency valuation.

NEW QUESTION # 33
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GAUGE YOUR PERFORMANCE AND IDENTIFY WEAKNESSES WITH ONLINE SAP C_TS4FI_2023 PRACTICE TEST ENGINE

Gauge Your Performance and Identify Weaknesses with Online SAP C_TS4FI_2023 Practice Test Engine