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SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting exam collection，C-TS4FI-2023 actual test

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SAP C-TS4FI-2023 Exam Syllabus Topics:

Topic
Details

Topic 1

Financial Closing: This topic covers performing month and year-end closing tasks in Financial Accounting. It involves monitoring closing operations using the Financial Closing Cockpit, managing accruals, and handling posting periods.

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.

Topic 4

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.

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

NEW QUESTION # 16
You define the technical clearing account for Integrated Asset Acquisition in Customizing.
Which prerequisites must be met? Note: There are 2 correct answers to this question.

A. The account is a balance sheet account.
B. The account is defined as open item managed.
C. The account is defined in the account determination for each asset class.
D. The account is defined as a reconciliation account for fixed assets.

Answer: A,D

NEW QUESTION # 17
How does the system determine the relevant accounting principle when performing foreign currency valuation?

A. Via the valuation method
B. Via the valuation area
C. Via the valuation type
D. Via the valuation class

Answer: C

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. The system determines the relevant accounting principle (e.g., local GAAP, IFRS) for foreign currency valuation using the valuation type . Let's analyze each option to determine the correct answer.
Explanation of Each Option:
A. Via the valuation type
* Correct : The valuation type is used to determine the relevant accounting principle for foreign currency valuation. Valuation types are configured to represent different accounting principles (e.g., local GAAP, IFRS) or specific reporting requirements. During foreign currency valuation, the system uses the valuation type to apply the appropriate exchange rates and generate postings consistent with the selected accounting principle.
* Reference : According to SAP documentation, valuation types are key to defining the accounting principle and ensuring that foreign currency valuation complies with the required reporting standards.
B. Via the valuation method
* Incorrect : The valuation method defines how the valuation is calculated (e.g., balance sheet valuation, open item valuation). While it specifies the technical approach for performing the valuation, it does not determine the accounting principle. The accounting principle is determined by the valuation type, not the valuation method.
* Reference : Valuation methods focus on the calculation logic, not the accounting principle.
C. Via the valuation class
* Incorrect : The valuation class is used in material management (MM) to classify materials for inventory valuation purposes. It is unrelated to foreign currency valuation in financial accounting.
Valuation classes do not influence the determination of accounting principles for foreign currency valuation.
* Reference : Valuation classes are specific to inventory and material valuation, not foreign currency valuation.
D. Via the valuation area
* Incorrect : The valuation area is a concept used in material management (MM) to define the organizational level at which materials are valuated (e.g., plant level or company code level). It is unrelated to foreign currency valuation in financial accounting. Valuation areas do not determine the accounting principle for foreign currency valuation.
* Reference : Valuation areas are specific to inventory valuation and have no role in foreign currency valuation.
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Finance for Foreign Currency Valuation : Explains how valuation types are used to determine the relevant accounting principle during foreign currency valuation.
* SAP Help Portal - Foreign Currency Valuation : Provides detailed guidance on configuring valuation types and their role in applying accounting principles.
* Valuation Types in SAP S/4HANA : Describes how valuation types are linked to accounting principles and reporting requirements.
* Material Valuation Classes and Areas : Highlights the distinction between valuation classes/areas in material management and their irrelevance to foreign currency valuation.

NEW QUESTION # 18
Which of the following can you use to explore released APIs?

A. SAP Application Interface Framework
B. SAP Business Accelerator Hub
C. SAP Integration Suite

Answer: B

Explanation:
In SAP S/4HANA, exploring released APIs is essential for understanding the available integration capabilities and leveraging them to build clean core integrations. SAP provides specific tools and platforms to explore and test these APIs. Let's analyze each option to determine the correct answer.
Explanation of Each Option:
B. SAP Business Accelerator Hub
* Correct : The SAP Business Accelerator Hub is the primary platform for exploring released APIs in SAP S/4HANA. It provides a comprehensive catalog of APIs, including OData services, REST APIs, and other integration options. Users can browse API documentation, test endpoints, and understand how to use these APIs in their integrations. This tool is specifically designed to help developers and architects discover and utilize SAP's standard APIs.
* Reference : According to SAP documentation, the SAP Business Accelerator Hub is the go-to resource for exploring and testing released APIs in SAP S/4HANA.
A. SAP Application Interface Framework
* Incorrect : The SAP Application Interface Framework (AIF) is a tool used for monitoring, error handling, and managing interfaces in SAP systems. While it is useful for interface management, it is not designed for exploring or testing APIs. AIF focuses on ensuring the reliability and traceability of data exchanges rather than providing a catalog of APIs.
* Reference : SAP AIF is primarily used for interface monitoring and error resolution, not for API discovery.
C. SAP Integration Suite
* Incorrect : The SAP Integration Suite is a comprehensive integration platform that enables connectivity between SAP and non-SAP systems. While it supports the development and deployment of integrations using APIs, it is not a tool for exploring or discovering released APIs. Instead, it is used to design, implement, and manage integration flows.
* Reference : SAP Integration Suite focuses on building and managing integrations but does not provide a catalog of released APIs.
Key References to SAP Documentation:
* SAP Business Accelerator Hub : Explains how to explore and test released APIs, including OData services and REST APIs.
* SAP Help Portal - SAP Business Accelerator Hub : Provides detailed guidance on using the hub to discover APIs and integrate them into solutions.
* SAP Application Interface Framework : Describes the role of AIF in monitoring and managing interfaces, not API exploration.
* SAP Integration Suite Overview : Highlights the capabilities of the Integration Suite for building and managing integrations but not for API discovery.

NEW QUESTION # 19
What can you control with the reason code in Accounts Receivable? Note: There are 3 correct answe-rs to this que-stion.

A. The document type of the payment
B. The account where a residual item is posted
C. The type of payment notice sent to a customer
D. The special G/L indicator for the down payment
E. The exclusion of disputed residual items from credit limit checks

Answer: B,C,E

NEW QUESTION # 20
You have made an agreement with a customer to guarantee an amount of EUR 10000. What is the result of recording this guarantee in SAP S/4HANA?

A. Two noted items
B. Two statistical line items
C. One noted item
D. One statistical line item

Answer: B

NEW QUESTION # 21
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