C_TS4FI_2023 Online Practice Questions and Answers

You are implementing the Financial Closing Cockpit for your organization.

What are the advantages of defining task groups? Note: There are 2 correctanswers to this question.

A. It allows cross task list monitoring of task status.

B. It allows cross template maintenance.

C. It covers multiple companies with same or similar tasks.

D. It allows cross task list execution of tasks.

When defining a new standard ledger, which action must you take to manually post a general journal entry to it?

A. Include the ledger in a ledger group

B. Define the underlying ledger

C. Assign a chart of accounts to the ledger

D. Assign the ledger to a company code

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

A. It provides data management and analytics.

B. It supports customers in understanding their stakeholder's needs.

C. It helps customers to collaborate to build flexible value chains.

D. It supports application development and integration.

What can you achieve with the legacy data transfer in Asset Accounting via transaction AS91?

A. Setting the company code status for legacy data transfer

B. Creation of master data

C. Posting the summary write off in G/L

D. Posting of take over values

What are the consequences of the activation of segment reporting in Asset Accounting? Note: There are 2 correctanswers to this question.

A. The segment is automatically updated in existing asset master data.

B. The segment appears in the screen layout for asset master data.

C. The segment appears in the additional account assignment configuration.

D. The segment activation can be reversed.

You want to implement purchase order accruals in SAP S/4HANA.

Which of the following use cases are relevant? Note: There are 2 correctanswers to this question.

A. Purchase of raw materials for inventory

B. Purchase of fixed assets (using direct capitalization method)

C. Purchase of services

D. Purchase of consumable materials

You try to assign an alternative account to a G/L account but receive an error message. What can be the reason?

A. You have not assigned the alternative chart of accounts to your operational chart of accounts.

B. The alternative account has not been created for the company code.

C. You have not assigned the alternative chart of accounts to your company.

D. The alternative account is already assigned to another G/L account for the company code.

You run the balance carry forward for your company code. When looking at the log you see there is an error with regards to Asset Accounting.

What is the cause of the error?

A. You have incomplete asset master records.

B. You have not closed the previous fiscal year.

C. You have not posted depreciation completely.

D. You have not run the settlement for your assets under construction.

How does the system determine the relevant accounting principle when performing foreign currency valuation?

A. Via the valuation type

B. Via the valuation method

C. Via the valuation class

D. Via the valuation area

From which G/L account types are values shown in the profit and loss (PandL) statement? Note: There are 3 correctanswers to this question.

A. Non-operating Expense or Income

B. Balance Sheet Account

C. Primary Costs or Revenue

D. Secondary Costs

E. Cash Account