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SAP C_TS4FI_2023 Exam Syllabus Topics:

Topic	Details
Topic 1	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.
Topic 2	General Ledger Accounting: Under this topic, the focus is on creating and maintaining general ledger accounts, bank master data, and house banks.
Topic 3	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 4	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.

SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Sample Questions (Q22-Q27):

NEW QUESTION # 22
How does the system determine the relevant accounting principle when performing foreign currency valuation?

A. Via the valuation area
B. Via the valuation method
C. Via the valuation class
D. Via the valuation type

Answer: A

NEW QUESTION # 23
The SAP Business Network helps customers digitalize cross-company business processes.
On which solutions does the network build? Note: There are 3 correct answers to this question.

A. Travel
B. Sales
C. Procurement
D. Contingent Workforce
E. Human Capital Management

Answer: B,C,D

Explanation:
The SAP Business Network is a digital platform that enables customers to streamline and digitalize cross- company business processes by connecting buyers, suppliers, and other stakeholders in real time. It builds on specific solutions that focus on key areas of collaboration and integration across organizations. Let's analyze each option to determine the correct answers.
Explanation of Each Option:
A. Contingent Workforce
* Correct : The SAP Business Network includes capabilities for managing contingent workforces , which involve external workers such as freelancers, contractors, and temporary staff. This solution helps organizations streamline workforce procurement and management processes, ensuring compliance and efficiency.
* Reference : According to SAP documentation, the SAP Business Network supports contingent workforce management as part of its broader ecosystem for cross-company collaboration.
D. Procurement
* Correct : Procurement is one of the core solutions integrated into the SAP Business Network. It enables organizations to collaborate with suppliers, manage purchase orders, invoices, and deliveries, and optimize sourcing processes. The network facilitates end-to-end procurement workflows across company boundaries.
* Reference : SAP emphasizes that procurement is a foundational component of the SAP Business Network, enabling seamless supplier collaboration and supply chain visibility.
E. Sales
* Correct : The SAP Business Network also supports sales processes by enabling businesses to connect with their customers, manage orders, and streamline fulfillment. This solution helps organizations improve customer relationships and enhance sales efficiency through real-time collaboration.
* Reference : SAP documentation highlights that the network integrates sales processes to support cross- company interactions and improve order-to-cash cycles.
B. Travel
* Incorrect : Travel is not a solution included in the SAP Business Network. While SAP offers travel management solutions (e.g., SAP Concur), these are standalone applications and are not part of the SAP Business Network's focus on cross-company collaboration.
* Reference : Travel management is unrelated to the network's primary objectives of procurement, sales, and contingent workforce management.
C. Human Capital Management (HCM)
* Incorrect : Human Capital Management (HCM) focuses on internal HR processes such as payroll, talent management, and workforce analytics. While SAP offers robust HCM solutions (e.g., SAP SuccessFactors), these are not integrated into the SAP Business Network, which is designed for external cross-company collaboration.
* Reference : HCM solutions are distinct from the SAP Business Network's scope of procurement, sales, and contingent workforce management.
Key References to SAP S/4HANA Documentation:
* SAP Business Network Overview : Explains how the SAP Business Network connects buyers, suppliers, and other stakeholders to streamline cross-company processes.
* SAP Help Portal - SAP Business Network Solutions : Provides detailed guidance on the solutions integrated into the SAP Business Network, including procurement, contingent workforce, and sales.
* Digital Transformation with SAP Business Network : Highlights the role of the network in enabling digitalization and collaboration across organizations.
* Procurement and Sales Integration : Describes how procurement and sales processes are supported within the SAP Business Network.

NEW QUESTION # 24
You run a financial statement report and notice the net profit calculated is different than what you expect. What could cause the issue?
Note: There are 2 correct answe-rs to this que-stion.

A. You have accounts that you have not assigned in the financial statement version.
B. You selected account group assignment by balance for an account and it is displayed as a liability.
C. You have added an account to the liabilities node that belongs to the financial statement notes.
D. You have added an account to the wrong node and it is included in the assets section.

Answer: A,D

NEW QUESTION # 25
You are implementing the Financial Closing Cockpit for your organization.
What are the advantages of defining task groups? Note: There are 2 correct answers to this question.

A. It allows cross template maintenance.
B. It covers multiple companies with same or similar tasks.
C. It allows cross task list execution of tasks.
D. It allows cross task list monitoring of task status.

Answer: B,C

Explanation:
In SAP S/4HANA, the Financial Closing Cockpit is a tool used to manage and monitor financial closing activities efficiently. Task groups are a key feature of the Financial Closing Cockpit that allow organizations to group related tasks together for better organization, execution, and monitoring. Let's analyze each option to determine the correct answers.
Explanation of Each Option:
C. It covers multiple companies with same or similar tasks.
* Correct : Task groups can be used to define tasks that are applicable to multiple companies within an organization. This is particularly useful for organizations with multiple legal entities or company codes that perform similar closing activities. By grouping these tasks together, you can streamline the closing process across the organization.
* Reference : According to SAP documentation, task groups help standardize and centralize tasks for multiple companies, ensuring consistency and efficiency in the closing process.
D. It allows cross task list execution of tasks.
* Correct : Task groups enable the execution of tasks across multiple task lists. A task group can include tasks from different task lists, allowing users to execute them in a coordinated manner. This ensures that interdependent tasks are completed in the correct sequence, even if they belong to different task lists.
* Reference : SAP documentation highlights that task groups facilitate the execution of tasks across task lists, improving the coordination and efficiency of the closing process.
A. It allows cross task list monitoring of task status.
* Incorrect : While task groups improve the organization and execution of tasks, they do not inherently provide cross-task list monitoring of task status. Monitoring task status is typically handled at the individual task list level or through dashboards and reports, not directly through task groups.
* Reference : Task groups focus on grouping and executing tasks, but monitoring is managed separately using tools like task list overviews or system-generated reports.
B. It allows cross template maintenance.
* Incorrect : Task groups do not directly support cross-template maintenance. Templates are predefined sets of tasks that can be reused, but maintaining templates across multiple task groups is not a feature of task groups themselves. Template maintenance is managed independently of task groups.
* Reference : Cross-template maintenance is not a function of task groups but rather a separate configuration activity.
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Finance for Financial Closing Cockpit : Explains the role of task groups in organizing and executing tasks for financial closing.
* SAP Help Portal - Financial Closing Cockpit : Provides detailed guidance on creating and managing task groups, including their use for multiple companies and cross-task list execution.
* Task Group Configuration : Highlights how task groups streamline closing activities for organizations with multiple company codes or similar tasks.
* Cross-Task List Execution : Describes how task groups enable the coordinated execution of tasks across different task lists.

NEW QUESTION # 26
Which SAP Fiori apps can be run on any database? Note: There are 2 correct answe-rs to this que-stion.

A. Manage Chart of Accounts
B. Accounts Payable Overview
C. Customer Accounting Document
D. Make Bank Transfers

Answer: A,D

NEW QUESTION # 27
......

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C_TS4FI_2023 Actual Test - Latest C_TS4FI_2023 Exam Book

SAP - C_TS4FI_2023 - SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting High Hit-Rate Actual Test

SAP C_TS4FI_2023 Exam Syllabus Topics:

SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Sample Questions (Q22-Q27):

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