Free SAP Certified Associate – SAP S/4HANA Cloud Private Edition, Financial Accounting Exam C_TS4FI_2023 Exam Practice Test

Your company follows IFRS accounting principles and needs to issue a full financial statement for its two main divisions "Consumer Products" & "Professional Products".What do you need to achieve segment reporting in this scenario? Note: There are 3 correct answers to this question.

• Profitability segments
• Document splitting
• Segments
• Profit centers
• Business areas

Which date must the system determine when you enter an invoice that needs to be paid?

• Order date
• Payment date
• Reference date
• Baseline date

You notice that the GR/IR account does not have a zero balance.What could be the cause? Note: There are 2 correct answers to this question.

• A purchase order has a goods receipt and an invoice receipt with the same quantity and values.
• A purchase order has a goods receipt and an invoice receipt with the same quantity but with different values.
• A purchase order has a partial goods receipt for which we have not yet received an invoice.
• A purchase order has a partial invoice receipt but not yet a goods receipt.

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?

• By changing the corresponding error into a warning via configuration
• By creating a substitution in Financial Accounting line items
• By removing the cost center from the asset master data
• By setting the "identical" parameter as not activated in the account assignment configuration

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

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

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 correct answers to this question.

• Primary costs resulting from a distribution
• Secondary costs resulting from an assessment
• Intercompany postings
• Budgeted costs for a cost center
• Plan depreciation amounts

What are some features of SAP Business Technology Platform? Note: There are 2 correct answers to this question.

• It provides data management and analytics.
• It supports customers in understanding their stakeholder's needs.
• It helps customers to collaborate to build flexible value chains.
• It supports application development and integration.

You have cleared a customer open item but want to undo this action.What are the available options? Note: There are 2 correct answers to this question.

• Repost the clearing document
• Reverse the clearing document
• Reset and reverse the clearing document
• Reset the clearing document

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?

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

Which items are taken into account during foreign currency valuation? Note: There are 2 correct answers to this question.

• Balance valuation on items for balance sheet accounts not defined as open item management
• Balance valuation on items for balance sheet accounts defined with ledger group specific open item management
• Line item valuation for balance sheet accounts defined as open item management
• Line item valuation for balance sheet accounts not defined as reconciliation account