Authorized C_TS4FI_2023 Exam Dumps & C_TS4FI_2023 New Dumps Pdf

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PDF design has versatile and printable material for SAP C_TS4FI_2023 certification, so you all can breeze through the SAP C_TS4FI_2023 exam without any problem. You can get to the PDF concentrate on material from workstations, tablets, and cell phones for the readiness of SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting (C_TS4FI_2023) exam.

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	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.
Topic 3	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.

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C_TS4FI_2023 Practice Guide Materials: SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting and C_TS4FI_2023 Study Torrent - TestkingPDF

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SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Sample Questions (Q37-Q42):

NEW QUESTION # 37
Which of the following currency types can be defined for a specific ledger? Note: There are 3 correct answers to this question.

A. 30 = Group currency
B. 00 = Document currency
C. 60 = Global company currency
D. 10 = Company code currency
E. 40 = Hard currency

Answer: A,C,D

NEW QUESTION # 38
You run the balance carry forward for your company code. When looking at the log you see there is an error with regards to .
What is the cause of the error?

A. You have not posted depreciation completely.
B. You have not closed the previous fiscal year.
C. You have incomplete asset master records.
D. You have not run the settlement for your assets under construction.

Answer: A

NEW QUESTION # 39
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 # 40
Which object is used to directly support the preparation for consolidation?

A. Company/Trading Partner
B. Ledgers/Ledger Groups
C. Segments/Profit Centers
D. Functional Areas

Answer: A

NEW QUESTION # 41
You are entering a credit memo in Financial Accounting and are wondering why the entered payment terms are being ignored.
What are the reasons? Note: There are 2 correct answers to this question.

A. The credit memo was entered in Financial Accounting.
B. The credit memo was created without reference to an invoice.
C. The due date determined based on the entered payment terms is in the past.
D. The field "Reference" of the credit memo is blank.

Answer: A,C

Explanation:
In SAP S/4HANA, when entering a credit memo in Financial Accounting (FI), you may notice that the system ignores the payment terms specified during document entry. This behavior can occur due to specific reasons related to how the system processes credit memos and calculates due dates. Let's analyze each option to determine the correct answers.
Explanation of Each Option:
A. The credit memo was entered in Financial Accounting.
* Correct : When a credit memo is entered directly in Financial Accounting (e.g., using transaction FB01 or FB70), the system does not automatically apply the payment terms. Payment terms are typically used in Accounts Receivable (AR) or Accounts Payable (AP) processes, where they influence due dates and cash discount calculations. In FI, payment terms are often ignored because the focus is on posting the financial impact rather than managing payment schedules.
* Reference : According to SAP documentation, payment terms are primarily relevant in AR/AP modules and may not be applied when documents are posted directly in FI.
D. The due date determined based on the entered payment terms is in the past.
* Correct : If the due date calculated using the entered payment terms falls in the past, the system will ignore the payment terms. This is because SAP assumes that a due date in the past is invalid for processing purposes. Instead, the system uses the current date or another default value as the due date.
* Reference : SAP documentation confirms that payment terms are ignored if the resulting due date is earlier than the posting date, ensuring logical consistency in financial postings.
B. The credit memo was created without reference to an invoice.
* Incorrect : Whether or not the credit memo references an invoice does not directly affect the application of payment terms. Payment terms are determined based on the configuration and settings of the credit memo itself, not its relationship to an invoice. While referencing an invoice may influence other aspects of the credit memo, it does not explain why payment terms are ignored.
* Reference : The absence of an invoice reference impacts reconciliation but does not inherently prevent the use of payment terms.
C. The field "Reference" of the credit memo is blank.
* Incorrect : The "Reference" field in a credit memo is used for informational purposes, such as linking the document to external references or internal identifiers. Leaving this field blank does not affect the application of payment terms. The system determines payment terms based on configuration and document settings, not the content of the "Reference" field.
* Reference : The "Reference" field is optional and does not influence payment term processing.
Key References to SAP Documentation:
* SAP S/4HANA Finance for Accounts Receivable and Payable : Explains how payment terms are applied in AR/AP processes and why they may be ignored in FI.
* SAP Help Portal - Payment Terms Configuration : Provides detailed guidance on how payment terms are calculated and why they may be disregarded in certain scenarios.
* Credit Memo Processing in Financial Accounting : Highlights the differences between credit memo processing in FI versus AR/AP.
* Due Date Calculation in SAP S/4HANA : Describes how due dates are determined and the conditions under which payment terms are ignored.

NEW QUESTION # 42
......

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AUTHORIZED C_TS4FI_2023 EXAM DUMPS & C_TS4FI_2023 NEW DUMPS PDF

Authorized C_TS4FI_2023 Exam Dumps & C_TS4FI_2023 New Dumps Pdf