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C-TS4FI-2023 Study Plan | Valid Exam C-TS4FI-2023 Braindumps

The SAP C-TS4FI-2023 certification exam also enables you to stay updated and competitive in the market which will help you to gain more career opportunities. Do you want to gain all these C-TS4FI-2023 certification exam benefits? Looking for the quick and complete SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting (C-TS4FI-2023) exam dumps preparation way that enables you to pass the SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting in C-TS4FI-2023 certification exam with good scores?

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SAP C-TS4FI-2023 Exam Syllabus Topics:

Topic
Details

Topic 1

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

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

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.

SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Sample Questions (Q46-Q51):

NEW QUESTION # 46
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.

A. Document splitting
B. Profitability segments
C. Business areas
D. Profit centers
E. Segments

Answer: C,D,E

Explanation:
Segment reporting in SAP S/4HANA is essential for organizations that need to comply with IFRS (International Financial Reporting Standards) or other accounting principles requiring the disclosure of financial performance by business segments. In this scenario, the company needs to issue a full financial statement for its two main divisions: "Consumer Products" and "Professional Products." Let's analyze each option to determine the correct answers.
Explanation of Each Option:
C. Segments
* Correct : Segments are explicitly designed for external reporting under IFRS and other accounting standards. They represent the primary structure for segment reporting in SAP S/4HANA.
* Segments are derived from Profitability Analysis (CO-PA) and are used to report revenue, expenses, assets, and liabilities by division or business unit.
* Reference : According to IFRS 8 (Operating Segments), companies must disclose financial information about their operating segments. In SAP S/4HANA, segments are integrated into the Universal Journal (ACDOCA) and are automatically updated during financial postings.
D. Profit centers
* Correct : Profit centers are organizational units within Controlling (CO) that represent specific areas of responsibility within an organization. They can be used for internal management reporting and, indirectly, for segment reporting.
* Profit centers provide detailed insights into profitability by division or product line. While they are not directly used for IFRS-compliant external reporting, they play a critical role in segment reporting because they can be mapped to segments for external disclosures.
* Reference : Profit centers are linked to segments via configuration in SAP S/4HANA, enabling seamless integration between internal and external reporting.
E. Business areas
* Correct : Business areas are another organizational unit in SAP S/4HANA that can be used for segment reporting. They allow financial statements to be prepared based on business divisions or product lines.
* Business areas are particularly useful for segment reporting when profit centers are not fully implemented or when additional granularity is required. However, note that business areas are optional in SAP S/4HANA and require manual activation.
* Reference : Business areas are supported in the Universal Journal (ACDOCA) and can be used to generate financial statements by division, aligning with IFRS requirements.
A. Profitability segments
* Incorrect : Profitability segments are part of Profitability Analysis (CO-PA) and are primarily used for internal management reporting. While they provide detailed profitability data, they are not directly used for IFRS-compliant external segment reporting.
* Reference : Profitability segments focus on cost-of-sales accounting and profitability analysis rather than external financial disclosures.
B. Document splitting
* Incorrect : Document splitting ensures that financial documents are split at the line-item level to maintain balance sheet integrity across dimensions like profit centers or segments. While document splitting supports accurate reporting, it is not a standalone requirement for segment reporting.
* Reference : Document splitting is a technical feature that ensures proper allocation of financial postings but does not define the structure for segment reporting.
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Finance for Group Reporting : Explains how segments are configured and used for IFRS-compliant external reporting.
* SAP Help Portal - Segment Reporting : Provides detailed guidance on using segments, profit centers, and business areas for segment reporting.
* IFRS 8 - Operating Segments : Outlines the requirements for segment reporting under IFRS, which SAP S/4HANA supports through its segment functionality.
* SAP S/4HANA Universal Journal : Describes how segments, profit centers, and business areas are integrated into the ACDOCA table for real-time reporting.

NEW QUESTION # 47
Your company structures its Profit & Loss (P&L) statement according to cost-of-sales accounting.
Which organizational unit do you need to define?

A. Functional area
B. Profit center
C. Segment
D. Business area

Answer: A

NEW QUESTION # 48
Which of the following organizational elements can be shared by several company codes? (Select 3)

A. Plant
B. Profit center
C. Business area
D. Sales organization
E. Segment

Answer: B,C,E

NEW QUESTION # 49
You want to include multiple company codes in a single payment run.
What are the prerequisites for the company codes?

A. They must belong to the same controlling area.
B. They must all belong to the same company.
C. They must be located in the same country.
D. They must have the same configuration for payment transactions.

Answer: C

NEW QUESTION # 50
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.

A. Repost the clearing document
B. Reset the clearing document
C. Reset and reverse the clearing document
D. Reverse the clearing document

Answer: C,D

NEW QUESTION # 51
......

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