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[General] Monitor Your Progress with C-TS4FI-2023 Practice Test Software

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【General】 Monitor Your Progress with C-TS4FI-2023 Practice Test Software

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SAP C-TS4FI-2023 Exam Syllabus Topics:
TopicDetails
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
  • 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.
Topic 3
  • 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.

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SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Sample Questions (Q65-Q70):NEW QUESTION # 65
What separates the leading ledger from other parallel standard ledgers?
  • A. It is used for performing segment reporting.
  • B. It is used to represent the group valuation.
  • C. It is assigned to all company codes.
  • D. It doesn't derive values from other ledgers.
Answer: C
Explanation:
In SAP S/4HANA, the leading ledger (also known as Ledger 0L) plays a central role in financial accounting.
It is the primary ledger used for external reporting and is directly integrated with the Universal Journal (ACDOCA). The leading ledger is distinct from other parallel standard ledgers due to specific characteristics.
Let's analyze each option to determine the correct answer.
Explanation of Each Option:
A. It is assigned to all company codes.
* Correct : The leading ledger is automatically assigned to all company codes in the SAP S/4HANA system. This ensures that it serves as the default ledger for external financial reporting across the entire organization. Parallel standard ledgers, on the other hand, are optional and can be assigned to specific company codes based on business requirements.
* Reference : According to SAP documentation, the leading ledger is mandatory and universal, meaning it is always active for all company codes in the system.
B. It is used for performing segment reporting.
* Incorrect : While the leading ledger supports segment reporting, this is not what separates it from other parallel standard ledgers. Both the leading ledger and parallel ledgers can support segment reporting if configured appropriately. Segment reporting is not unique to the leading ledger.
* Reference : Segment reporting is enabled through configuration and applies to both the leading ledger and parallel ledgers.
C. It is used to represent the group valuation.
* Incorrect : The leading ledger typically represents the local accounting principles (e.g., local GAAP) of the company codes, not necessarily the group valuation. Group valuation is often handled through an extension ledger or a parallel ledger configured for consolidation purposes.
* Reference : The leading ledger is primarily used for legal reporting at the company code level, while group valuation may require additional configurations.
D. It doesn't derive values from other ledgers.
* Incorrect : The leading ledger does not derive values from other ledgers, but this characteristic is not unique to the leading ledger. Parallel standard ledgers also operate independently and do not derive values from other ledgers. This option does not highlight a distinguishing feature of the leading ledger.
* Reference : Both the leading ledger and parallel ledgers maintain their own data and do not depend on each other for postings.
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Finance for Leading Ledger : Explains the role of the leading ledger as the default ledger for all company codes and its integration with the Universal Journal.
* SAP Help Portal - Parallel Ledgers : Provides detailed guidance on the differences between the leading ledger and parallel standard ledgers.
* Universal Journal (ACDOCA) : Highlights how the leading ledger is the foundation of the Universal Journal and is assigned to all company codes.
* Group Reporting and Consolidation : Describes how group valuation is typically handled through extension ledgers or parallel ledgers, not the leading ledger.

NEW QUESTION # 66
Which of the following currency types can be defined for a specific ledger? Note: There are 3 correct answers to this question.
  • A. 40 = Hard currency
  • B. 30 = Group currency
  • C. 10 = Company code currency
  • D. 00 = Document currency
  • E. 60 = Global company currency
Answer: B,C,D
Explanation:
Comprehensive Detailed Explanation with all SAP S/4HANA Cloud References In SAP S/4HANA, ledgers are used to manage financial accounting data and support parallel accounting requirements (e.g., local GAAP vs. IFRS). Each ledger can be configured with specific currency types to meet reporting and compliance needs. Let's analyze each option to determine which currency types can be defined for a specific ledger.
Explanation of Each Option:
B. 00 = Document currency
* Correct : The document currency (currency type 00) is the currency in which a financial transaction is originally recorded. It is always available in every ledger because it ensures that the original transaction amount is preserved for reporting and reconciliation purposes.
* For example, if an invoice is issued in USD, the document currency will be USD. This currency type is essential for maintaining accurate financial records.
* Reference : According to SAP documentation, the document currency is stored in the Universal Journal (ACDOCA) and is a mandatory field for every financial posting.
D. 10 = Company code currency
* Correct : The company code currency (currency type 10) is the default currency of the company code.
It is automatically available in every ledger and is used as the primary currency for legal reporting and balance sheet preparation.
* For example, if the company code currency is EUR, all postings are converted to EUR for reporting purposes, regardless of the document currency.
* Reference : The company code currency is defined during the creation of the company code and is a key component of financial reporting at the company code level.
E. 30 = Group currency
* Correct : The group currency (currency type 30) is used for consolidation purposes and represents the currency of the corporate group or headquarters. It can be defined for specific ledgers to support group reporting requirements, such as preparing consolidated financial statements.
* For example, if the group currency is USD, financial data from multiple company codes can be converted to USD for consolidation.
* Reference : Group currency is critical for external reporting under IFRS and is supported in SAP S
/4HANA through ledger configuration.
A. 60 = Global company currency
* Incorrect : The global company currency (currency type 60) is not a standard currency type in SAP S
/4HANA. While some custom implementations might use this term, it is not officially recognized in SAP documentation for ledger configuration.
* Reference : SAP S/4HANA supports predefined currency types like document currency, company code currency, and group currency, but global company currency is not part of the standard configuration.
C. 40 = Hard currency
* Incorrect : Hard currency (currency type 40) is a special currency type used in countries with high inflation or currency instability. It is not typically defined for specific ledgers unless required by local regulations.
* Reference : Hard currency is optional and is only relevant in specific scenarios, such as hyperinflationary economies. It is not a standard requirement for ledger configuration.
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Finance for Parallel Accounting : Explains how different currency types are used in ledgers to support parallel accounting requirements.
* SAP Help Portal - Currency Types in Ledgers : Provides detailed guidance on configuring currency types for specific ledgers.
* Universal Journal (ACDOCA) : Highlights that document currency (00), company code currency (10), and group currency (30) are stored in the universal journal and are essential for financial reporting.
* Group Reporting in SAP S/4HANA : Describes the use of group currency (30) for consolidation purposes.

NEW QUESTION # 67
Which of the following organizational elements can be shared by several company codes?
Note: There are 3 correct answers to this question.
  • A. Business area
  • B. Segment
  • C. Profit center
  • D. Sales organization
  • E. Plant
Answer: A,B,C

NEW QUESTION # 68
When defining a new standard ledger, which action must you take to manually post a general journal entry to it?
  • A. Assign the ledger to a company code
  • B. Assign a chart of accounts to the ledger
  • C. Include the ledger in a ledger group
  • D. Define the underlying ledger
Answer: C
Explanation:
In SAP S/4HANA, when defining a new standard ledger , you must take specific actions to enable manual postings of general journal entries to it. The critical step is to include the ledger in a ledger group . Let's analyze each option to determine the correct answer.
Explanation of Each Option:
A. Include the ledger in a ledger group
* Correct : To manually post a general journal entry to a new standard ledger, the ledger must be included in a ledger group . Ledger groups are used to define which ledgers are active for posting in specific company codes. By including the ledger in a ledger group and assigning that group to a company code, the system allows postings to the ledger.
* Reference : According to SAP documentation, ledger groups control the availability of ledgers for posting purposes. Without being part of a ledger group, a ledger cannot be used for manual postings.
B. Define the underlying ledger
* Incorrect : Defining the underlying ledger is not relevant for enabling manual postings. The underlying ledger concept applies to extension ledgers, which inherit data from a base ledger. Standard ledgers do not have an underlying ledger, so this action is unnecessary.
* Reference : Underlying ledgers are specific to extension ledgers and are unrelated to standard ledgers.
C. Assign a chart of accounts to the ledger
* Incorrect : While assigning a chart of accounts to the ledger is necessary for configuration, it is not sufficient to enable manual postings. The ledger must also be included in a ledger group to allow postings. Assigning a chart of accounts only ensures that the ledger has access to G/L accounts but does not activate it for posting.
* Reference : Assigning a chart of accounts is a prerequisite for ledger setup but does not directly enable posting capabilities.
D. Assign the ledger to a company code
* Incorrect : Assigning the ledger to a company code is not sufficient to enable manual postings. The ledger must first be included in a ledger group, which is then assigned to the company code. Direct assignment of a ledger to a company code without a ledger group will not activate it for posting.
* Reference : Ledger groups act as intermediaries between ledgers and company codes for posting purposes.
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Finance for Parallel Accounting : Explains the role of ledger groups in enabling postings to parallel ledgers.
* SAP Help Portal - Ledger Groups : Provides detailed guidance on configuring ledger groups and their importance in controlling ledger availability for postings.
* Ledger Configuration in SAP S/4HANA : Describes how standard ledgers are set up and activated for use in financial accounting.
* Universal Journal (ACDOCA) : Highlights the integration of ledgers and ledger groups in the Universal Journal framework.

NEW QUESTION # 69
Which SAP Fiori apps can be run on any database? Note: There are 2 correct answers to this question.
  • A. Make Bank Transfers
  • B. Manage Chart of Accounts
  • C. Customer Accounting Document
  • D. Accounts Payable Overview
Answer: A,C
Explanation:
SAP Fiori apps are designed to provide a user-friendly interface for performing various tasks in SAP S
/4HANA. While most SAP Fiori apps are optimized for SAP HANA databases, certain apps can run on any database because they rely on standard SQL queries and do not depend on advanced features specific to SAP HANA. Let's analyze each option to determine the correct answers.
Explanation of Each Option:
A. Make Bank Transfers
* Correct : The "Make Bank Transfers" app is designed to create and process bank transfers. This app relies on standard database queries and does not require advanced database-specific features, making it compatible with any database supported by SAP S/4HANA.
* Reference : According to SAP documentation, apps like "Make Bank Transfers" are categorized as database-independent because they use generic SQL operations that work across different database platforms.
B. Customer Accounting Document
* Correct : The "Customer Accounting Document" app allows users to view and manage customer- related accounting documents. Since this app primarily retrieves and displays data using standard SQL queries, it is compatible with any database and does not depend on SAP HANA-specific capabilities.
* Reference : SAP confirms that apps focused on data retrieval and display, such as "Customer Accounting Document," are database-independent and can run on non-HANA databases.
C. Manage Chart of Accounts
* Incorrect : The "Manage Chart of Accounts" app involves complex operations such as maintaining and organizing G/L accounts, which may leverage advanced database features like indexing, caching, or real-time analytics. These features are typically optimized for SAP HANA and may not perform efficiently on other databases.
* Reference : Apps like "Manage Chart of Accounts" are often categorized as HANA-optimized because they rely on SAP HANA's in-memory processing capabilities for faster performance.
D. Accounts Payable Overview
* Incorrect : The "Accounts Payable Overview" app provides insights into vendor liabilities and payment statuses. This app often uses advanced analytics and real-time aggregation, which are optimized for SAP HANA's in-memory database. Running this app on a non-HANA database may result in reduced performance or limited functionality.
* Reference : Apps that involve real-time analytics or large-scale data processing, such as "Accounts Payable Overview," are typically HANA-dependent and not suitable for other databases.
Key References to SAP S/4HANA Documentation:
* SAP Fiori Apps Reference Library : Provides detailed information about the compatibility of SAP Fiori apps with different databases.
* SAP Help Portal - Database Independence in SAP Fiori : Explains which apps are database- independent and can run on any supported database.
* SAP HANA Optimization for Fiori Apps : Highlights apps that leverage SAP HANA's advanced features and are not compatible with non-HANA databases.
* SAP S/4HANA Compatibility Guide : Describes the technical requirements for running SAP Fiori apps on various database platforms.

NEW QUESTION # 70
......
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