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The SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting C_TS4FI_2023 certification is a valuable credential earned by individuals to validate their skills and competence to perform certain job tasks. Your SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting C_TS4FI_2023 certification is usually displayed as proof that you’ve been trained, educated, and prepared to meet the specific requirement for your professional role. The SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting C_TS4FI_2023 Certification enables you to move ahead in your career later.

SAP C_TS4FI_2023 Exam Syllabus Topics:

Topic
Details

Topic 1

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 2

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 3

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 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.

Topic 5

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.

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SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Sample Questions (Q49-Q54):

NEW QUESTION # 49
Which model can be used for ABAP cloud-native development?

A. The ABAP Cloud Development Model
B. ABAP RESTful Application Programming Model
C. The SAP S/4HANA Cloud Extensibility Model

Answer: B

Explanation:
In the context of ABAP cloud-native development , SAP has introduced modern programming models to support the development of cloud-ready applications that align with the principles of a clean core and extensibility. These models emphasize the use of standard APIs, separation of custom code from the core system, and adherence to cloud best practices. Let's analyze each option to determine the correct answer.
Explanation of Each Option:
B. ABAP RESTful Application Programming Model
* Correct : The ABAP RESTful Application Programming Model (RAP) is specifically designed for cloud-native development in SAP S/4HANA. It enables developers to build modern, scalable, and cloud-ready applications using standardized patterns and tools. RAP supports the creation of business objects with built-in capabilities for data modeling, behavior definition, and service exposure via OData APIs. This model aligns with SAP's clean core strategy by promoting the use of standard APIs and minimizing customizations in the core system.
* Reference : According to SAP documentation, the ABAP RESTful Application Programming Model is the recommended approach for cloud-native development in SAP S/4HANA, ensuring compliance with modern development practices and cloud principles.
A. The ABAP Cloud Development Model
* Incorrect : While "ABAP Cloud Development" is a broad term referring to development practices in the cloud, it is not a specific programming model. Instead, it encompasses various tools, frameworks, and methodologies, such as the ABAP RESTful Application Programming Model. This option is too generic and does not directly refer to a specific model for cloud-native development.
* Reference : The term "ABAP Cloud Development Model" is not explicitly defined in SAP documentation as a standalone programming model.
C. The SAP S/4HANA Cloud Extensibility Model
* Incorrect : The SAP S/4HANA Cloud Extensibility Model focuses on extending SAP S/4HANA Cloud functionality using tools like side-by-side extensions (via SAP Business Technology Platform) or in-app extensibility (e.g., custom fields, logic, and UIs). While this model is critical for extending SAP S
/4HANA Cloud, it is not specifically designed for ABAP cloud-native development. Instead, it emphasizes extensibility rather than native application development.
* Reference : The SAP S/4HANA Cloud Extensibility Model is primarily about extending existing functionality, not building cloud-native applications using ABAP.
Key References to SAP Documentation:
* SAP Help Portal - ABAP RESTful Application Programming Model : Provides detailed guidance on using RAP for cloud-native development, including data modeling, behavior definition, and service exposure.
* SAP S/4HANA Cloud Development Practices : Explains the principles of cloud-native development and the role of RAP in building modern applications.
* SAP S/4HANA Cloud Extensibility Model : Describes how to extend SAP S/4HANA Cloud functionality using in-app and side-by-side extensibility options.
* ABAP Cloud Development Overview : Highlights the tools and frameworks available for ABAP development in the cloud.

NEW QUESTION # 50
You run the balance carry forward for your company code. When looking at the log you see there is an error with regards to .
What is the cause of the error?

A. You have incomplete asset master records.
B. You have not run the settlement for your assets under construction.
C. You have not closed the previous fiscal year.
D. You have not posted depreciation completely.

Answer: D

NEW QUESTION # 51
What are the 3 mandatory steps of the dunning process in the SAP S/4HANA system? Note: There are 3 correct answe-rs to this que-stion.

A. Maintain the parameters of the dunning program
B. Approve the dunning proposal
C. Start the dunning printout
D. Schedule the dunning run
E. Change the dunning proposal

Answer: A,C,D

NEW QUESTION # 52
On which levels do you define FI-AA account determination? Note: There are 2 correct answers to this question.

A. Chart of depreciation
B. Chart of accounts
C. Company code
D. Client

Answer: A,C

NEW QUESTION # 53
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. Profitability segments
B. Profit centers
C. Document splitting
D. Business areas
E. Segments

Answer: B,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 # 54
......

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