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Quiz C_TS4FI_2023 - SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting–High-quality Real Question

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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.

>> C_TS4FI_2023 Real Question <<

C_TS4FI_2023 Real Question | Pass-Sure C_TS4FI_2023 Lab Questions: SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting 100% Pass

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SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Sample Questions (Q30-Q35):

NEW QUESTION # 30
What do you configure for regrouping receivables and payables?

A. Sort Method
B. Calculation Method
C. Provision Method
D. Valuation Method

Answer: A

NEW QUESTION # 31
You post an unplanned depreciation to an asset. What is the effect on FI-AA and FI-GL?

A. Posting is done in FI-AA in real time and in FI-GL once the depreciation posting program has run.
B. Posting is done in FI-AA in real time and in FI-GL once the periodic posting program has run.
C. Posting is done in FI-AA and in FI-GL online and in real time.
D. Posting is not done in FI-AA and in FI-GL until the depreciation posting program has run.

Answer: C

NEW QUESTION # 32
What are some SAP recommended guiding principles to achieve clean core operations? Note: There are 3 correct answers to this question.

A. Integrate clean core practices in the end-to-end value process chain.
B. Establish release management.
C. Establish an organizational structure, technical foundation, and transformation methodology for clean core.
D. Define roles and responsibilities as part of a process transformation office.
E. Establish regular housekeeping tasks and procedures.

Answer: A,C,E

Explanation:
In SAP S/4HANA, achieving a clean core is essential to ensure that the system remains standardized, efficient, and adaptable to future innovations. A clean core minimizes customizations, reduces technical debt, and ensures that the system aligns with SAP best practices. Let's analyze each option to determine the correct answers.
Explanation of Each Option:
A. Establish regular housekeeping tasks and procedures.
* Correct : Regular housekeeping tasks are critical to maintaining a clean core. These tasks include archiving old data, monitoring system performance, removing unused customizations, and ensuring that configurations remain aligned with SAP best practices. Housekeeping helps prevent clutter and inefficiencies in the system.
* Reference : According to SAP documentation, regular housekeeping is a key principle for maintaining a clean core by keeping the system lean and optimized.
B. Establish an organizational structure, technical foundation, and transformation methodology for clean core.
* Correct : To achieve a clean core, organizations must establish a robust organizational structure , a solid technical foundation , and a clear transformation methodology . This includes defining roles, responsibilities, and governance processes to ensure alignment with SAP best practices and minimize unnecessary customizations.
* Reference : SAP emphasizes the importance of a structured approach to clean core operations, including governance and technical readiness.
C. Define roles and responsibilities as part of a process transformation office.
* Incorrect : While defining roles and responsibilities is important for organizational efficiency, it is not specifically highlighted as a guiding principle for achieving a clean core. Instead, this activity is part of broader organizational change management and does not directly address clean core practices.
* Reference : Roles and responsibilities are more relevant to change management than to the specific principles of clean core operations.
D. Establish release management.
* Incorrect : While release management is important for managing system updates and upgrades, it is not explicitly listed as a guiding principle for achieving a clean core. Release management focuses on version control and deployment processes rather than minimizing customizations or adhering to SAP best practices.
* Reference : Release management is a technical practice but is not directly tied to clean core principles.
E. Integrate clean core practices in the end-to-end value process chain.
* Correct : Integrating clean core practices into the end-to-end value process chain ensures that business processes remain aligned with SAP best practices. This involves designing processes that leverage standard SAP functionality while avoiding unnecessary customizations, thereby maintaining a clean core.
* Reference : SAP documentation highlights the importance of embedding clean core principles across all business processes to ensure standardization and adaptability.
Key References to SAP Documentation:
* SAP S/4HANA Clean Core Principles : Explains the importance of minimizing customizations and adhering to SAP best practices to maintain a clean core.
* SAP Help Portal - Clean Core Strategy : Provides detailed guidance on implementing clean core practices, including housekeeping, organizational alignment, and process integration.
* Transformation Methodology for SAP S/4HANA : Describes how to establish a technical foundation and methodology for clean core operations.
* End-to-End Process Integration : Highlights the role of clean core practices in optimizing business processes across the value chain.

NEW QUESTION # 33
You have activated the WBS Element (not related to Investment Management) as an account assignment for asset accounting with the parameters "balan sheet" and "identical" active.
What are the consequences? Note: There are 2 correct answers to this question.

A. The WBS Element can no longer be changed in the asset master record once the asset is capitalized.
B. The WBS Element cannot be used anymore for settlement.
C. The WBS Element is available for input in the asset master record.
D. The WBS Element from the asset master data can be changed during planned depreciation posting.

Answer: A,C

Explanation:
Comprehensive Detailed Explanation with all SAP S/4HANA Cloud References When you activate the WBS Element (not related to Investment Management) as an account assignment object in Asset Accounting (FI-AA) with the parameters "balance sheet" and "identical" , it has specific implications for how the WBS Element behaves in asset accounting. Let's analyze each option to determine the correct answers.
Explanation of Each Option:
A. The WBS Element is available for input in the asset master record.
* Correct : When the WBS Element is activated as an account assignment object in Asset Accounting, it becomes available for input in the asset master record. This allows you to assign a WBS Element to an asset for cost tracking and reporting purposes.
* Reference : According to SAP documentation, activating the WBS Element as an account assignment object makes it accessible in the asset master record for balance sheet-related assets.
C. The WBS Element can no longer be changed in the asset master record once the asset is capitalized.
* Correct : Once an asset is capitalized (i.e., when the first acquisition or production cost posting occurs), the WBS Element in the asset master record becomes locked and cannot be changed. This ensures consistency in financial reporting and prevents discrepancies in cost assignments after capitalization.
* Reference : SAP enforces this restriction to maintain the integrity of financial data and ensure that the WBS Element remains consistent throughout the asset's lifecycle.
B. The WBS Element from the asset master data can be changed during planned depreciation posting.
* Incorrect : The WBS Element in the asset master record cannot be changed after the asset is capitalized, even during planned depreciation postings. Once the asset is capitalized, the WBS Element is fixed and cannot be modified.
* Reference : SAP documentation confirms that changes to the WBS Element are restricted after capitalization to ensure accurate and consistent reporting.
D. The WBS Element cannot be used anymore for settlement.
* Incorrect : The WBS Element can still be used for settlement purposes, provided it is not locked or restricted by other configurations. Activating the WBS Element as an account assignment object does not inherently prevent its use in settlement processes.
* Reference : The WBS Element remains functional for settlement unless explicitly restricted by additional settings in Project System (PS) or Asset Accounting (FI-AA).
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Finance for Asset Accounting (FI-AA) : Explains the activation and behavior of WBS Elements as account assignment objects in Asset Accounting.
* SAP Help Portal - Account Assignment Objects in FI-AA : Provides detailed guidance on how WBS Elements interact with asset master records and their restrictions after capitalization.
* Asset Master Record Configuration : Describes the impact of activating WBS Elements with parameters like "balance sheet" and "identical."
* Integration of PS and FI-AA : Highlights the role of WBS Elements in settlement and cost tracking.

NEW QUESTION # 34
Which of the following API types does SAP recommend to use to achieve clean core integrations?
Note: There are 2 correct answers to this question.

A. IDoc
B. SOAP
C. RFC
D. OData

Answer: C,D

NEW QUESTION # 35
......

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