Why C_TS4FI_2023 Exam Dumps Are a Must-Have for SAP Aspirants

1. SAP C_TS4FI_2023 SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting QUESTION & ANSWERS Visit Now: https://www.sapcertificationdumps.com/

2. QUESTION: 1 SAP S/4HANA has introduced the Universal Journal (table ACDOCA) which represents the single source of truth. Which line items are recorded in the table ACDOCA? Note: There are 3 correctanswers to this question. Option A : Primary costs resulting from a distribution Option B : Secondary costs resulting from an assessment Option C : Intercompany postings Option D : Budgeted costs for a cost center Option E : Plan depreciation amounts Correct Answer: A,C,E Explanation/Reference: The Universal Journal (table ACDOCA) in SAP S/4HANA consolidates financial and management accounting data into a single line item table, providing a comprehensive and unified source of truth. The following types of line items are recorded in ACDOCA: Primary costs resulting from a distribution: Primary costs are direct costs that are allocated from one cost object to another. These include costs like raw materials or external services that are distributed to cost centers, internal orders, or other cost objects. Example: Distribution transactions performed using transactionKSV5. Secondary costs resulting from an assessment: Secondary costs are internal costs allocated within the organization, such as overhead costs. These costs are recorded in ACDOCA to ensure detailed internal reporting. Example: Assessment transactions performed using transactionKSU5. Intercompany postings: Intercompany transactions are financial transactions that occur between different company codes within the same organization. These postings ensure that intercompany activities are accurately tracked and reflected in the financial statements. Example: Intercompany allocations performed using transaction1KEK. ReferencesSAP S/4HANA Finance Documentation and Configuration Guides. Organizational Assignments and Process Integration Download all Questions: https://www.sapcertificationdumps.com/C_TS4FI_2023-exam-questions QUESTION: 2 You perform the depreciation run for your assets. For a specific asset, you would like to post the depreciation costs to a different cost center than the one specified in the asset master data. How do you achieve this? Option A : By changing the corresponding error into a warning via configuration Option B : By creating a substitution in Financial Accounting line items

3. Option C : By removing the cost center from the asset master data Option D : By setting the "identical" parameter as not activated in the account assignment configuration Correct Answer: B Explanation/Reference: To post depreciation costs to a different cost center than the one specified in the asset master data during the depreciation run, you can create a substitution rule in Financial Accounting. This allows the system to override the cost center specified in the asset master record with a different cost center at the time of posting. Creating a Substitution Rule: Access the substitution configuration via transaction codeGGB1. Define a substitution for the appropriate company code and ledger. Specify the conditions under which the substitution should occur. In this case, it would be when the depreciation run is posting the expense. Define the substitution logic to replace the original cost center with the desired cost center. Implementing the Substitution: Ensure that the substitution rule is correctly assigned and active. Test the substitution by running a sample depreciation posting to verify that the costs are being posted to the new cost center. This approach provides flexibility and control over cost center assignments without needing to alter the master data directly, ensuring accurate and intentional financial postings. References: Business Processes in Management Accounting in SAP S/4HANA . SAP S/4HANA Configuration Document. Download all Questions: https://www.sapcertificationdumps.com/C_TS4FI_2023-exam-questions QUESTION: 3 You are trying to extend a G/L account to a new company code but are getting an error for incomplete data.

4. All customizable fields have been set to option in the field status. Which fields must you always maintain when extending a G/L account? Note: There are 2 correctanswers to this question. Option A : Account currency Option B : Account number Option C : Field status group Option D : Sort key Correct Answer: A,C Explanation/Reference: When extending a G/L account to a new company code in SAP, it is essential to maintain certain mandatory fields even if all customizable fields are set to optional in the field status. These fields ensure that the account is properly configured for financial transactions. Account Currency:This field specifies the currency in which the account is maintained. It is crucial for financial reporting and transaction processing. Transaction Code:FS00 Steps: Enter the G/L account and the company code. Navigate to the "Currency/Tax" tab. Enter the appropriate account currency. Field Status Group:This field controls the input fields during document entry. It determines which fields are required, optional, or suppressed. Transaction Code:FS00 Steps: Enter the G/L account and the company code. Navigate to the "Control Data" tab. Select the field status group relevant to the account. Without maintaining these fields, the G/L account setup will be incomplete, and you will encounter errors

5. during transactions. References: SAP FICO documentation: "Field status group and account currency must be maintained when extending a G/L account to a new company code to avoid errors for incomplete data". General Ledger Accounting Download all Questions: https://www.sapcertificationdumps.com/C_TS4FI_2023-exam-questions QUESTION: 4 On which levels do you define FI-AA account determination? Note: There are 2 correctanswers to this question. Option A : Client Option B : Chart of depreciation Option C : Chart of accounts Option D : Company code Correct Answer: B,C Explanation/Reference: In SAP S/4HANA, the account determination for FI-AA (Financial Accounting - Asset Accounting) is defined on multiple levels to ensure proper categorization and posting of asset transactions. The two primary levels where account determination is defined are: Chart of Depreciation: The chart of depreciation is a key organizational unit in Asset Accounting. It contains the rules for calculating depreciation and valuation for various asset classes. Account determination is configured within the chart of depreciation to ensure that each asset class is linked to the appropriate general ledger accounts for transactions such as acquisition, depreciation, retirement, and transfer.

6. To configure account determination at this level, navigate toFinancial AccountingAsset AccountingOrganizational StructuresMaintain Chart of Depreciation(transaction codeOAOB ). Chart of Accounts: The chart of accounts is another crucial level where account determination for assets is configured. It includes a complete list of all general ledger accounts used by a company. Specific asset-related accounts are defined within the chart of accounts and linked to various asset classes and transactions through account determination settings. This configuration ensures that asset transactions are accurately posted to the correct accounts in the general ledger. Access the chart of accounts configuration viaFinancial AccountingGeneral Ledger AccountingMaster DataGL AccountsIndividual Processing(transaction codeFS00). Steps to Define Account Determination: Maintain Chart of Depreciation: Use transaction codeOAOBto define and maintain the chart of depreciation. Assign the appropriate accounts for various asset transactions within the chart. Maintain Chart of Accounts: Use transaction codeFS00to create or modify general ledger accounts Ensure that asset-related accounts are correctly defined and linked to asset transactions. By configuring account determination at both the chart of depreciation and chart of accounts levels, SAP S/4HANA ensures accurate and systematic financial reporting and compliance with accounting standards. References: SAP S/4HANA Configuration Document. Procedimiento Creacion nuevos elementos. Download all Questions: https://www.sapcertificationdumps.com/C_TS4FI_2023-exam-questions QUESTION: 5 What do you configure for regrouping receivables and payables? Option A : Provision Method Option B : Calculation Method

7. Option C : Valuation Method Option D : Sort Method Correct Answer: D QUESTION: 6 You define the technical clearing account for Integrated Asset Acquisition in Customizing. Which prerequisites must be met? Note: There are 2 correctanswers to this question Option A : The account is a balance sheet account. Option B : The account is defined as open item managed. Option C : The account is defined in the account determination for each asset class. Option D : The account is defined as a reconciliation account for fixed assets. Correct Answer: A,D Download all Questions: https://www.sapcertificationdumps.com/C_TS4FI_2023-exam-questions QUESTION: 7 You are implementing the Financial Closing Cockpit for your organization. What are the advantages of defining task groups? Note: There are 2 correctanswers to this question Option A : It allows cross task list monitoring of task status. Option B : It allows cross template maintenance. Option C : It covers multiple companies with same or similar tasks. Option D : It allows cross task list execution of tasks. Correct Answer: B,C Explanation/Reference: Financial Closing

8. QUESTION: 8 Which object is used to directly support the preparation for consolidation? Option A : Segments/Profit Centers Option B : Functional Areas Option C : Ledgers/Ledger Groups Option D : Company/Trading Partner Correct Answer: D Explanation/Reference: In SAP S/4HANA, the object used to directly support the preparation for consolidation is the Company/Trading Partner. The trading partner field is essential for intercompanyreconciliation and consolidation processes. It helps in identifying and matching intercompany transactions between different entities within a group. Company: This represents the individual entities within a corporate group that need to prepare consolidated financial statements. Trading Partner: This field is used to record intercompany transactions, ensuring that transactions between different companies within the same group are properly eliminated during the consolidation process. By using the Company/Trading Partner relationship, SAP S/4HANA provides a robust mechanism to handle the complexities of intercompany transactions and consolidations, ensuring accurate and compliant financial reporting. References [25:27†Procedimiento Creacion nuevos elementos (Cta,PosLiq,Cege,Fondo,Recurrencia)v2 (1).docx] Download all Questions: https://www.sapcertificationdumps.com/C_TS4FI_2023-exam-questions