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SAP C_TS4FI_2023 Exam Syllabus Topics:

Topic	Details
Topic 1	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 2	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 3	General Ledger Accounting: Under this topic, the focus is on creating and maintaining general ledger accounts, bank master data, and house banks.
Topic 4	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 5	Accounts Payable & Accounts Receivable: It covers reversing invoices and payments, blocking open invoices for payment, configuring the payment program, defining payment medium workbench settings, and handling debit balance checks.

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SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Sample Questions (Q24-Q29):

NEW QUESTION # 24
What are the 3 mandatory steps of the dunning process in the SAP S/4HANA system? Note: There are 3 correct answe-rs to this que-stion.

A. Approve the dunning proposal
B. Change the dunning proposal
C. Schedule the dunning run
D. Maintain the parameters of the dunning program
E. Start the dunning printout

Answer: C,D,E

NEW QUESTION # 25
You perform foreign currency valuation for open items of your supplier accounts. The valuations will be used only for period end reporting and should then be reversed.
What account does the system use to post the valuation differences?

A. Supplier reconciliation G/L account
B. Adjustment G/L account for foreign currency
C. Individual supplier accounts with special G/L indicator
D. Alternative reconciliation G/L account

Answer: B

Explanation:
In SAP S/4HANA, foreign currency valuation is performed to revalue open items in supplier accounts at the end of a period. Since the valuations are intended only for period-end reporting and will be reversed, the system uses a specific G/L account to post the valuation differences. Let's analyze each option to determine the correct answer.
Explanation of Each Option:
B. Adjustment G/L account for foreign currency
* Correct : The adjustment G/L account for foreign currency is specifically designed to record valuation differences resulting from foreign currency revaluation. This account is used to post unrealized gains or losses due to exchange rate fluctuations. Since the valuation is temporary and will be reversed, the adjustment account ensures that the supplier reconciliation account remains unaffected.
* Reference : According to SAP documentation, the adjustment G/L account for foreign currency is the standard account used for posting valuation differences during foreign currency revaluation.
A. Individual supplier accounts with special G/L indicator
* Incorrect : Supplier accounts with a special G/L indicator (e.g., down payments or guarantees) are not used for posting foreign currency valuation differences. These accounts are reserved for specific types of transactions and do not serve the purpose of recording temporary valuation adjustments.
* Reference : Special G/L indicators are used for unique accounting treatments but are not relevant for foreign currency valuation postings.
C. Alternative reconciliation G/L account
* Incorrect : The alternative reconciliation G/L account is an optional account used for specific reconciliation purposes, such as alternative account assignments. It is not used for posting foreign currency valuation differences. The primary reconciliation account for suppliers remains unchanged during the valuation process.
* Reference : Alternative reconciliation accounts are not involved in foreign currency valuation postings.
D. Supplier reconciliation G/L account
* Incorrect : The supplier reconciliation G/L account is the main account used to reconcile supplier transactions. However, during foreign currency valuation, the system does not post directly to this account to avoid altering the actual balance of the supplier account. Instead, the valuation differences are posted to the adjustment G/L account.
* Reference : The reconciliation account is updated only during actual transactions, not during temporary adjustments like foreign currency valuation.
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Finance for Foreign Currency Valuation : Explains the role of the adjustment G/L account in posting valuation differences for open items.
* SAP Help Portal - Foreign Currency Revaluation : Provides detailed guidance on configuring and executing foreign currency valuation, including the use of adjustment accounts.
* Reconciliation Accounts in SAP S/4HANA : Highlights the distinction between reconciliation accounts and adjustment accounts for foreign currency postings.
* Period-End Closing Activities : Describes how foreign currency valuation is performed and reversed as part of period-end reporting.

NEW QUESTION # 26
Which model can be used for ABAP cloud-native development?

A. ABAP RESTful Application Programming Model
B. The SAP S/4HANA Cloud Extensibility Model
C. The ABAP Cloud Development Model

Answer: A

Explanation:
In the context of ABAP cloud-native development , SAP has introduced modern programming models to support the development of cloud-ready applications that align with the principles of a clean core and extensibility. These models emphasize the use of standard APIs, separation of custom code from the core system, and adherence to cloud best practices. Let's analyze each option to determine the correct answer.
Explanation of Each Option:
B. ABAP RESTful Application Programming Model
* Correct : The ABAP RESTful Application Programming Model (RAP) is specifically designed for cloud-native development in SAP S/4HANA. It enables developers to build modern, scalable, and cloud-ready applications using standardized patterns and tools. RAP supports the creation of business objects with built-in capabilities for data modeling, behavior definition, and service exposure via OData APIs. This model aligns with SAP's clean core strategy by promoting the use of standard APIs and minimizing customizations in the core system.
* Reference : According to SAP documentation, the ABAP RESTful Application Programming Model is the recommended approach for cloud-native development in SAP S/4HANA, ensuring compliance with modern development practices and cloud principles.
A. The ABAP Cloud Development Model
* Incorrect : While "ABAP Cloud Development" is a broad term referring to development practices in the cloud, it is not a specific programming model. Instead, it encompasses various tools, frameworks, and methodologies, such as the ABAP RESTful Application Programming Model. This option is too generic and does not directly refer to a specific model for cloud-native development.
* Reference : The term "ABAP Cloud Development Model" is not explicitly defined in SAP documentation as a standalone programming model.
C. The SAP S/4HANA Cloud Extensibility Model
* Incorrect : The SAP S/4HANA Cloud Extensibility Model focuses on extending SAP S/4HANA Cloud functionality using tools like side-by-side extensions (via SAP Business Technology Platform) or in-app extensibility (e.g., custom fields, logic, and UIs). While this model is critical for extending SAP S
/4HANA Cloud, it is not specifically designed for ABAP cloud-native development. Instead, it emphasizes extensibility rather than native application development.
* Reference : The SAP S/4HANA Cloud Extensibility Model is primarily about extending existing functionality, not building cloud-native applications using ABAP.
Key References to SAP Documentation:
* SAP Help Portal - ABAP RESTful Application Programming Model : Provides detailed guidance on using RAP for cloud-native development, including data modeling, behavior definition, and service exposure.
* SAP S/4HANA Cloud Development Practices : Explains the principles of cloud-native development and the role of RAP in building modern applications.
* SAP S/4HANA Cloud Extensibility Model : Describes how to extend SAP S/4HANA Cloud functionality using in-app and side-by-side extensibility options.
* ABAP Cloud Development Overview : Highlights the tools and frameworks available for ABAP development in the cloud.

NEW QUESTION # 27
In which scenarios is the technical clearing account posted? Note: There are 2 correct answers to this question.

A. Asset transfer posting between asset classes
B. Valuated goods receipt on a purchase order with an asset as account assignment
C. Direct asset acquisition posting with a vendor invoice (not linked to a purchase order)
D. Settlement of an investment order to an asset under construction

Answer: B,C

NEW QUESTION # 28
Your company based in France has a permanent establishment in Switzerland where financial statements are required by law.
Which organizational unit do you need to create for the permanent establishment in Switzerland?

A. Business area
B. Profit center
C. Segment
D. Company code

Answer: D

Explanation:
To meet legal requirements for financial statements in Switzerland, you need to create a separate company code for the permanent establishment there. A company code is the smallest organizational unit for which a complete self-contained set of accounts can be drawn up for purposes of external reporting. This includes recording all relevant transactions and generating necessary financial statements.
Here are the steps to create a company code in SAP S/4HANA:
Define Company Code:
Transaction Code: OX02
Path: IMG -> Enterprise Structure -> Definition -> Financial Accounting -> Edit, Copy, Delete, Check Company Code.
Enter a four-character alphanumeric code for the new company code and fill in the necessary details such as company name, city, country, currency, and language. Save the entries.
Assign Company Code to Company:
Transaction Code: OX16
Path: IMG -> Enterprise Structure -> Assignment -> Financial Accounting -> Assign company code to company.
Select the company code and assign it to the appropriate company.
Define Additional Settings:
Fiscal Year Variant: Define and assign a fiscal year variant suitable for Switzerland if it differs from your main fiscal year variant (Transaction Code: OB29 and OB37).
Field Status Variant: Assign field status variants to your company code to control the data entry for different fields (Transaction Code: OBC4 and OBC5).
Open and Close Posting Periods:
Transaction Code: OB52
Define the periods during which posting is allowed for the company code.
By creating a company code, you ensure that the financial transactions for the Swiss establishment are recorded separately, and the financial statements can be prepared as required by Swiss law.

NEW QUESTION # 29
......

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New C_TS4FI_2023 Test Braindumps | Vce C_TS4FI_2023 Free

SAP C_TS4FI_2023 Exam Syllabus Topics:

Vce C_TS4FI_2023 Free - Vce C_TS4FI_2023 Download

SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Sample Questions (Q24-Q29):