Free PDF Quiz 2025 SAP C_TS4FI_2023: Updated SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Premium Exam

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SAP C_TS4FI_2023 Exam Syllabus Topics:

Topic	Details
Topic 1	Organizational Assignments and Process Integration: It focuses on managing organizational units, currencies, validations, document types, and number ranges. It also involves utilizing reporting tools and configuring substitutions.
Topic 2	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 3	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 (Q15-Q20):

NEW QUESTION # 15
How does the system determine the relevant accounting principle when performing foreign currency valuation?

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

Answer: D

NEW QUESTION # 16
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. Asset Class
B. Chart of Accounts
C. Account determination
D. Depreciation area

Answer: A,C

Explanation:
Comprehensive Detailed Explanation with all SAP S/4HANA Cloud References In SAP S/4HANA, the technical clearing account is used during Integrated Asset Acquisition to temporarily hold the value of assets acquired through purchase orders until the final settlement occurs. The technical clearing account can be defined at specific levels in Customizing to ensure proper accounting and reconciliation. Let's analyze each option to determine the correct answers.
Explanation of Each Option:
A. Account determination
* Correct : The technical clearing account can be defined at the account determination level in Customizing. Account determination controls how accounts are assigned for various transaction types, including asset acquisitions. During Integrated Asset Acquisition, the system uses the account determination settings to identify the appropriate technical clearing account.
* Reference : According to SAP documentation, account determination is a key configuration step for defining the technical clearing account in scenarios like Integrated Asset Acquisition.
D. Asset Class
* Correct : The technical clearing account can also be defined at the asset class level. Asset classes are used to group similar types of assets (e.g., machinery, buildings) and define default settings for them.
By assigning the technical clearing account at the asset class level, you ensure that the correct account is used for specific types of assets during acquisition.
* Reference : SAP allows the technical clearing account to be specified for each asset class, providing flexibility and granularity in account assignment.
B. Chart of Accounts
* Incorrect : While the technical clearing account must exist in the chart of accounts, it is not directly defined at the chart of accounts level for Integrated Asset Acquisition. Instead, the account is assigned through configurations like account determination or asset class.
* Reference : The chart of accounts serves as a repository of G/L accounts but does not control the specific assignment of the technical clearing account in this context.
C. Depreciation area
* Incorrect : The technical clearing account is not defined at the depreciation area level. Depreciation areas are used to manage different valuation approaches (e.g., book depreciation, tax depreciation) and do not influence the assignment of the technical clearing account.
* Reference : Depreciation areas focus on asset valuation and depreciation calculations, not on account determination for acquisitions.
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Finance for Asset Accounting (FI-AA) : Explains the role of the technical clearing account in Integrated Asset Acquisition and its configuration.
* SAP Help Portal - Technical Clearing Account : Provides detailed guidance on defining the technical clearing account at the account determination and asset class levels.
* Integrated Asset Acquisition Process : Highlights how the technical clearing account is used during goods receipts and invoice verification for assets.
* Account Determination in Asset Accounting : Describes how account determination settings influence the assignment of accounts, including the technical clearing account.

NEW QUESTION # 17
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. Repost the clearing document
B. Reset and reverse the clearing document
C. Reverse the clearing document
D. Reset the clearing document

Answer: B,D

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 # 18
You run a financial statement report and notice the net profit calculated is different than what you expect. What could cause the issue?
Note: There are 2 correct answe-rs to this que-stion.

A. You have added an account to the liabilities node that belongs to the financial statement notes.
B. You have added an account to the wrong node and it is included in the assets section.
C. You have accounts that you have not assigned in the financial statement version.
D. You selected account group assignment by balance for an account and it is displayed as a liability.

Answer: B,C

NEW QUESTION # 19
You post an incoming payment from a customer with a residual item for a payment difference. What are the consequences? Note: There are 2 correct answers to this question.

A. The original document and the payment are cleared.
B. Both the original open item and the residual item remain on the account as open items.
C. The residual item is written off to a cost account.
D. The residual item becomes a new receivable.

Answer: A,D

Explanation:
* Residual Item Becomes a New Receivable: When you post an incoming payment with a residual item, the remaining balance that is not covered by the payment is treated as a new receivable. This means a new open item is created in the customer's account representing the unpaid amount.
* Original Document and Payment are Cleared: The original invoice and the payment are cleared in the accounting system. This involves matching the payment against the original invoice, thereby updating the status of the original invoice to cleared and creating a new open item for the residual amount.
References
* Detailed procedures on how these processes are managed within SAP can be found in SAP training materials and configuration documents. Specifically, the handling of residual items and the clearing process are elaborated in SAP FICO modules documentation.

NEW QUESTION # 20
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FREE PDF QUIZ 2025 SAP C_TS4FI_2023: UPDATED SAP CERTIFIED ASSOCIATE - SAP S/4HANA CLOUD PRIVATE EDITION, FINANCIAL ACCOUNTING PREMIUM EXAM

Free PDF Quiz 2025 SAP C_TS4FI_2023: Updated SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Premium Exam