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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	General Ledger Accounting: Under this topic, the focus is on creating and maintaining general ledger accounts, bank master data, and house banks.
Topic 3	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 4	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.

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SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Sample Questions (Q70-Q75):

NEW QUESTION # 70
How does the system determine the relevant accounting principle when performing foreign currency valuation?

A. Via the valuation type
B. Via the valuation area
C. Via the valuation class
D. Via the valuation method

Answer: A

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 # 71
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

Explanation:
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 intercompany reconciliation 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]
* [28:1†1709119988077.pdf]

NEW QUESTION # 72
Your system uses parallel currencies.
What is the posting indicator of the depreciation area for the parallel currency?

A. Posts APC real time and depreciation periodically
B. Posts to G/L periodically
C. Posts to G/L in real time
D. Does not post to G/L

Answer: C

NEW QUESTION # 73
Which items are taken into account during foreign currency valuation? Note: There are 2 correct answe-rs to this que-stion.

A. Line item valuation for balance sheet accounts defined as open item management
B. Balance valuation on items for balance sheet accounts defined with ledger group specific open item management
C. Balance valuation on items for balance sheet accounts not defined as open item management
D. Line item valuation for balance sheet accounts not defined as reconciliation account

Answer: A,B

NEW QUESTION # 74
The SAP Business Network helps customers digitalize cross-company business processes.
On which solutions does the network build? Note: There are 3 correct answers to this question.

A. Human Capital Management
B. Travel
C. Sales
D. Contingent Workforce
E. Procurement

Answer: C,D,E

NEW QUESTION # 75
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