C_TS4FI_2023 Exam Quick Prep | Free C_TS4FI_2023 Download

BONUS!!! Download part of Itcertking C_TS4FI_2023 dumps for free: https://drive.google.com/open?id=1AARglFs9T_AeRI6Yo3XgIEGJxx55kGHI

Our C_TS4FI_2023 training materials provide 3 versions to the client and they include the PDF version, PC version, APP online version. Each version’s using method and functions are different but the questions and answers of our C_TS4FI_2023 study quiz is the same. The client can decide which C_TS4FI_2023 version to choose according their hobbies and their practical conditions. You will be surprised by the convenient functions of our C_TS4FI_2023 exam dumps.

Are you still worried that you haven't found C_TS4FI_2023 test dumps and review information? People around the world are likely to choose C_TS4FI_2023 certification exam. Itcertking is the only learning website that can provide better C_TS4FI_2023 Certification Training materials. If you are still worried, you can download C_TS4FI_2023 free demo before purchasing our Itcertking C_TS4FI_2023 certification training materials.

>> C_TS4FI_2023 Exam Quick Prep <<

Free C_TS4FI_2023 Download | C_TS4FI_2023 Reliable Test Tutorial

Our SAP C_TS4FI_2023 exam dumps give help to give you an idea about the actual SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting (C_TS4FI_2023) exam. You can attempt multiple SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting (C_TS4FI_2023) exam questions on the software to improve your performance. Itcertking has many SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting (C_TS4FI_2023) practice questions that reflect the pattern of the real SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting (C_TS4FI_2023) exam. Itcertking allows you to create a SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting (C_TS4FI_2023) exam dumps according to your preparation. It is easy to create the SAP C_TS4FI_2023 practice questions by following just a few simple steps. Our SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting (C_TS4FI_2023) exam dumps are customizable based on the time and type of questions.

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	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 4	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 5	General Ledger Accounting: Under this topic, the focus is on creating and maintaining general ledger accounts, bank master data, and house banks.

SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Sample Questions (Q44-Q49):

NEW QUESTION # 44
What are characteristics of depreciation area 01? Note: There are 2 correct answers to this question.

A. It must be defined as a cost accounting valuation area type.
B. It must be linked to leading ledger OL.
C. It must always post in real time.
D. It cannot take over values from other areas.

Answer: B,C

Explanation:
* Link to Leading Ledger OL:
* Depreciation area 01 is linked to the leading ledger OL. This linkage ensures that the primary depreciation calculations align with the organization's primary accounting standards, ensuring consistency across financial reporting. This connection is established in the SAP system configuration, ensuring that all relevant asset transactions are automatically integrated into the leading ledger.
* Real-Time Posting:
* Depreciation area 01 must post in real-time, meaning that any transactions affecting asset values, such as acquisitions, retirements, or depreciation runs, are immediately reflected in the general ledger. This real-time integration is crucial for maintaining accurate and up-to-date financial records, providing a true picture of the organization's financial position at any given moment.
References
*

NEW QUESTION # 45
The 3-way match is the standard procedure used to post procurement transactions in SAP S/4HANA. How does it work?

A. The purchase order needs to be created in reference to a purchase request.
B. The goods receipt needs to be created in reference to the purchase order.
C. The invoice needs to be created in reference to the goods receipt.
D. The 3 logistical steps each generate financial documents.

Answer: C

NEW QUESTION # 46
You need to explain the concept of noted items in SAP S/4HANA.
Which characteristics are specific to noted items? Note: There are 3 correct answers to this question.

A. They update the general ledger in Entry View only.
B. They are managed as open items on customer and vendor accounts.
C. They generate statistical postings.
D. They generate postings that do not balance.
E. They can be accessed by the payment program and the dunning program.

Answer: A,C,D

Explanation:
Noted items in SAP S/4HANA are special types of financial postings used to document information that does not directly impact the financial statements or create open items. These items are typically used for informational purposes, such as recording promises to pay, guarantees, or other non-posting-related data. Let' s analyze each option to determine the correct answers.
Explanation of Each Option:
C. They generate statistical postings.
* Correct : Noted items are statistical postings , meaning they do not have a direct financial impact on accounts or balances. Instead, they serve as informational records and are often used for reporting or reference purposes. For example, a noted item might document a customer's promise to pay without creating an actual receivable.
* Reference : According to SAP documentation, noted items are classified as statistical postings because they do not affect account balances or financial statements.
D. They generate postings that do not balance.
* Correct : Noted items do not adhere to the principle of double-entry accounting, meaning they do not balance . Unlike standard financial postings, which require a debit and credit entry, noted items are standalone entries that do not require balancing. This is because they are not intended to impact the general ledger in a balanced manner.
* Reference : SAP documentation confirms that noted items are non-balancing postings and are used purely for informational purposes.
E. They update the general ledger in Entry View only.
* Correct : Noted items are recorded in the Entry View of the general ledger but do not update the General Ledger (G/L) in the same way as regular postings. They are visible in the Entry View to provide transparency into the source of the noted item, but they do not affect the overall financial balances in the G/L.
* Reference : SAP documentation highlights that noted items appear in the Entry View for traceability but do not impact the financial balances in the G/L.
A. They can be accessed by the payment program and the dunning program.
* Incorrect : Noted items are not accessible by the payment program or the dunning program because they do not represent open items or financial obligations. These programs work only with actual open items, such as invoices or payments, and noted items are purely informational.
* Reference : Payment and dunning programs process only open items that have a financial impact, not noted items.
B. They are managed as open items on customer and vendor accounts.
* Incorrect : Noted items are not managed as open items on customer or vendor accounts. Open items are transactions that require clearing (e.g., invoices, payments), whereas noted items are informational and do not require clearing. They are not included in account reconciliation processes.
* Reference : Open item management applies only to transactions that impact account balances, not to noted items.
Key References to SAP Documentation:
* SAP S/4HANA Finance for Accounts Receivable and Payable : Explains the concept of noted items and their role in financial accounting.
* SAP Help Portal - Noted Items : Provides detailed guidance on the characteristics and usage of noted items in SAP S/4HANA.
* Double-Entry Accounting in SAP S/4HANA : Highlights how noted items differ from standard postings in terms of balancing and financial impact.
* General Ledger Entry View : Describes how noted items are recorded in the Entry View but do not affect financial balances.

NEW QUESTION # 47
At which level do you define functional areas?

A. Company code
B. Financial statement version
C. Controlling area
D. Client

Answer: C

Explanation:
Comprehensive Detailed Explanation with all SAP S/4HANA Cloud References Functional areas in SAP S/4HANA are organizational units used to classify expenses and revenues for external reporting purposes, particularly in Profit and Loss (P&L) reporting. They allow organizations to categorize costs and revenues by function (e.g., production, administration, sales) rather than by organizational structure. Functional areas are primarily used in conjunction with the Profit and Loss statement and are a key component of financial reporting under standards like IFRS.
Explanation of Each Option:
A. Controlling area
* Correct : Functional areas are defined at the controlling area level in SAP S/4HANA. This is because functional areas are closely tied to Cost of Sales Accounting (CO-PA) and management accounting processes, which are managed within the controlling area.
* Functional areas are assigned to cost centers, internal orders, and other cost objects within the controlling area. When postings are made to these cost objects, the functional area is automatically updated in the Universal Journal (ACDOCA).
* Reference : According to SAP documentation, functional areas are configured in the controlling area and are used to classify expenses and revenues for external reporting.
B. Client
* Incorrect : Functional areas are not defined at the client level. The client is the highest organizational unit in SAP systems and represents an independent business entity. While functional areas can be used across multiple company codes within a client, they are not defined at this high level.
* Reference : Client-level configurations typically involve system-wide settings, such as user roles or number ranges, but not specific financial reporting structures like functional areas.
C. Financial statement version
* Incorrect : Financial statement versions (FSVs) are used to define how financial statements are structured and displayed. While functional areas can influence the data shown in financial statements, they are not defined within the FSV itself.
* Reference : FSVs are part of the General Ledger (FI-GL) configuration and determine the layout of balance sheets and P&L statements, but they do not control the creation or assignment of functional areas.
D. Company code
* Incorrect : Functional areas are not defined at the company code level. While company codes represent individual legal entities and manage financial accounting data, functional areas are part of the controlling area and are used for cross-company code reporting.
* Reference : Company code-specific configurations include chart of accounts, fiscal year variants, and posting periods, but functional areas are managed separately within the controlling area.
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Finance for Group Reporting : Explains how functional areas are used for external reporting and their relationship with the controlling area.
* SAP Help Portal - Functional Areas : Provides detailed guidance on configuring and using functional areas in SAP S/4HANA.
* Cost of Sales Accounting (CO-PA) : Describes how functional areas are integrated into profitability analysis and financial reporting.
* Universal Journal (ACDOCA) : Highlights that functional areas are stored in the ACDOCA table and are updated during postings to cost objects.

NEW QUESTION # 48
Which of the following currency types can be defined for a specific ledger? Note: There are 3 correct answers to this question.

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

Answer: C,D,E

NEW QUESTION # 49
......

If you want to walk into the test center with confidence, you should prepare well for C_TS4FI_2023 certification. While, where to get the accurate and valid SAP study pdf is another question puzzling you. Now, C_TS4FI_2023 sure pass exam will help you step ahead in the real exam and assist you get your C_TS4FI_2023 Certification easily. Our C_TS4FI_2023 test questions answers will provide the best valid and accurate knowledge for you and give you right reference. You will successfully pass your actual test with the help of our high quality and high hit-rate C_TS4FI_2023 study torrent.

Free C_TS4FI_2023 Download: https://www.itcertking.com/C_TS4FI_2023_exam.html

What's more, part of that Itcertking C_TS4FI_2023 dumps now are free: https://drive.google.com/open?id=1AARglFs9T_AeRI6Yo3XgIEGJxx55kGHI

Paul Reed Paul Reed

Biography

C_TS4FI_2023 Exam Quick Prep | Free C_TS4FI_2023 Download

Free C_TS4FI_2023 Download | C_TS4FI_2023 Reliable Test Tutorial

SAP C_TS4FI_2023 Exam Syllabus Topics:

SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Sample Questions (Q44-Q49):

Get in touch

Here we are