C-TS4FI-2023 by SAP Actual Free Exam Questions And Answers

Question 1

Which component of the Intelligent Enterprise allows customers to discover and deploy vertical solutions from SAP and partners?

A. Intelligent Suite

B. Business Network

C. Industry Cloud

D. Experience Management

Discussion 0

Correct Answer: C Vote an answer

Question 2

As a pre-closing activity, selected suppliers are to confirm their balances.
Which confirmation procedure do you use when a response is expected only in case of discrepancies?

A. Balance notification

B. Balance confirmation

C. Balance request

D. Account statement

Discussion 0

Correct Answer: A Vote an answer

Question 3

What do you configure for regrouping receivables and payables?

A. Calculation Method

B. Sort Method

C. Provision Method

D. Valuation Method

Discussion 0

Correct Answer: B Vote an answer

Question 4

You want to prepare a consolidated financial report for your corporate group consisting of 15 legal entities. You have 10 company codes defined in your SAP S/4HANA system in a single client.
The others use separate legacy systems.
How many companies should you define in your SAP S/4HANA system to accommodate the consolidation scenario?

A. 15

B. 10

C. 5

D. 1

Discussion 0

Correct Answer: C Vote an answer

Question 5

Which model can be used for ABAP cloud-native development?

A. The SAP S/4HANA Cloud Extensibility Model

B. ABAP RESTful Application Programming Model

C. The ABAP Cloud Development Model

Discussion 0

Correct Answer: B Vote an answer

Question 6

The dunning run is made up of three main steps that happen in a particular sequence. What is the correct sequence of steps?
Please choose the correct answer.

A. Account selection
Dun line items
Dun account

B. Item selection
Dun line items
Dun account

C. Account selection
Item selection
Dun line items

D. Item selection
Dun account
Dun line items

Discussion 0

Correct Answer: A Vote an answer

Question 7

What is the prerequisite for a G/L account to switch off open item management for it?

A. It has no open items.

B. It has a zero balance.

C. It has not been posted to.

D. It has been blocked against postings.

Discussion 0

Correct Answer: B Vote an answer

Question 8

Your organization has heard about SAP Intercompany Matching and Reconciliation (ICMR) and is wondering whether it could address their needs.
For which purposes can ICMR be useful?
Note: There are 2 correct answers to this question.

A. To trigger elimination of intercompany revenues & costs based on rules configured

B. To generate automatic elimination of intercompany AR/AP balances

C. To highlight and solve intercompany data discrepancy triggering a workflow

D. To generate automatic posting to correct intercompany discrepancy

Discussion 0

Correct Answer: C,D Vote an answer

Question 9

You define the technical clearing account for Integrated Asset Acquisition in Customizing. Which prerequisites must be met?
Note: There are 2 correct answers to this question.

A. The account is defined as open item managed.

B. The account is defined as a reconciliation account for fixed assets.

C. The account is defined in the account determination for each asset class.

D. The account is a balance sheet account.

Discussion 0

Correct Answer: B,D Vote an answer

Question 10

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 the ledger to a company code

D. Assign a chart of accounts to the ledger

Discussion 0

Correct Answer: D Vote an answer

SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting - C-TS4FI-2023 Exam Practice Test

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