Latest SAP C-TS4FI-2023 Exam Practice & C-TS4FI-2023 Test Registration

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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	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 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.

SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Sample Questions (Q32-Q37):

NEW QUESTION # 32
Which fields are maintained on the chart of accounts level of a G/L account? Note: There are 3 correct answers to this question.

A. Short text
B. Field status group
C. Account group
D. Group account number
E. Alternative account number

Answer: A,C,D

NEW QUESTION # 33
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 # 34
What does the fiscal year variant define? Note: There are 2 correct answers to this question.

A. The number of posting periods
B. The start and end date of posting periods
C. The posting periods open for posting
D. The authorization to post to special periods

Answer: A,B

Explanation:
Comprehensive Detailed Explanation with all SAP S/4HANA Cloud References The fiscal year variant in SAP S/4HANA defines the structure of the fiscal year for financial accounting purposes. It specifies how the fiscal year is divided into posting periods and special periods, as well as the duration of each period. Let's analyze each option to determine the correct answers.
Explanation of Each Option:
B. The number of posting periods
* Correct : The fiscal year variant determines the number of posting periods in a fiscal year. For example, most organizations use 12 regular posting periods corresponding to calendar months, but some may have fewer or additional periods depending on their business requirements.
* Reference : According to SAP documentation, the fiscal year variant is configured to define the total number of posting periods, including both regular and special periods.
C. The start and end date of posting periods
* Correct : The fiscal year variant also specifies the start and end dates of each posting period. This ensures that financial transactions are posted in the correct period and that period-end closing processes (e.g., accruals, depreciation) are aligned with the organization's fiscal calendar.
* Reference : SAP allows flexibility in defining fiscal year variants to accommodate different fiscal year structures, such as calendar years, shortened years, or non-calendar years.
A. The posting periods open for posting
* Incorrect : While the fiscal year variant defines the structure of the fiscal year, it does not control which posting periods are open for posting. This is managed through the posting period variant , which determines which periods are open for specific account types (e.g., G/L accounts, vendor accounts).
* Reference : The posting period variant is a separate configuration that works in conjunction with the fiscal year variant to control posting access.
D. The authorization to post to special periods
* Incorrect : Authorization to post to special periods is controlled by user roles and the posting period variant, not the fiscal year variant. The fiscal year variant only defines the existence and duration of special periods, not who can post to them.
* Reference : Special periods are typically used for year-end adjustments and are managed through the posting period variant and user authorizations.
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Finance for Fiscal Year Configuration : Explains how the fiscal year variant defines the structure of the fiscal year, including the number and duration of posting periods.
* SAP Help Portal - Fiscal Year Variant : Provides detailed guidance on configuring fiscal year variants and their impact on financial accounting.
* Posting Period Variant Configuration : Describes how the posting period variant controls which periods are open for posting, separate from the fiscal year variant.
* Period-End Closing Processes : Highlights the importance of fiscal year variants in aligning period- end activities with the fiscal calendar.

NEW QUESTION # 35
What can you control with the reason code in Accounts Receivable? Note: There are 3 correct answers to this question.

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

Answer: C,D,E

Explanation:
In SAP S/4HANA, the reason code in Accounts Receivable (AR) is a powerful tool used to provide additional information about specific transactions, such as payments, residual items, or disputes. It allows for better control and customization of processes related to receivables management. Let's analyze each option to determine the correct answers.
Explanation of Each Option:
A. The type of payment notice sent to a customer
* Correct : The reason code can influence the type of payment notice sent to a customer. For example, it can determine whether a dunning notice, payment reminder, or other communication is triggered based on the reason for the transaction (e.g., partial payment, dispute). This ensures that the appropriate action is taken based on the context of the transaction.
* Reference : According to SAP documentation, reason codes are used to categorize transactions and trigger specific actions, including the generation of payment notices.
B. The account where a residual item is posted
* Correct : The reason code can control the account where a residual item is posted during partial payments or write-offs. For example, if a customer makes a partial payment and leaves a residual amount, the reason code determines whether the residual amount is posted to a specific G/L account (e.
g., a clearing account or a disputed items account). This ensures proper accounting treatment for residual items.
* Reference : SAP documentation confirms that reason codes are used to define the posting behavior for residual items, ensuring accurate financial reporting.
C. The document type of the payment
* Incorrect : The document type of the payment is determined by the payment process configuration, not by the reason code. While reason codes provide additional information about the transaction, they do not directly influence the document type assigned to the payment.
* Reference : Document types are configured separately in the payment program and are independent of reason codes.
D. The special G/L indicator for the down payment
* Incorrect : The special G/L indicator for down payments is defined during the configuration of special G/L transactions, not through reason codes. Reason codes are not used to assign or control special G/L indicators, which are specific to down payments, guarantees, or other special transactions.
* Reference : Special G/L indicators are configured independently and are unrelated to reason codes.
E. The exclusion of disputed residual items from credit limit checks
* Correct : The reason code can be used to exclude disputed residual items from credit limit checks .
For example, if a residual item is marked as disputed using a specific reason code, it can be excluded from credit exposure calculations. This prevents disputed amounts from negatively impacting the customer's creditworthiness.
* Reference : SAP documentation highlights that reason codes can be used to flag disputed items and exclude them from credit management processes, ensuring fair credit evaluations.
Key References to SAP Documentation:
* SAP S/4HANA Finance for Accounts Receivable : Explains the role of reason codes in managing receivables, including their impact on payment notices, residual items, and credit management.
* SAP Help Portal - Reason Codes in AR : Provides detailed guidance on configuring and using reason codes in Accounts Receivable processes.
* Credit Management in SAP S/4HANA : Describes how reason codes can exclude disputed items from credit limit checks.
* Residual Item Posting : Highlights the use of reason codes to control the posting of residual items to specific accounts.

NEW QUESTION # 36
You define payment methods.
Which parameters do you define on the level of the company code? Note: There are 2 correct answers to this question.

A. Permitted Currencies
B. Payment Medium
C. Foreign currency allowed
D. Minimum and maximum payment amounts

Answer: C,D

Explanation:
* Foreign Currency Allowed: When defining payment methods at the company code level, it is crucial to specify whether foreign currencies are allowed for payments. This setting ensures that the system can handle transactions in different currencies, which is vital for businesses operating internationally.
* Minimum and Maximum Payment Amounts: This parameter allows you to set thresholds for the minimum and maximum amounts that can be paid using a particular payment method. This helps in controlling the payment process by preventing very small or excessively large payments that might not be desirable for operational efficiency or risk management.
References
* These configurations are part of the broader setup of payment methods within SAP, as detailed in the SAP FICO module's configuration guides and financial accounting manuals. They ensure that payment processes are tailored to meet specific business requirements and compliance standards.

NEW QUESTION # 37
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LATEST SAP C-TS4FI-2023 EXAM PRACTICE & C-TS4FI-2023 TEST REGISTRATION

Latest SAP C-TS4FI-2023 Exam Practice & C-TS4FI-2023 Test Registration