You want to assign your 3 newly created company codes to the same controlling area. Which settings must be common to all the company codes?

D. Source currency for group currency

Which of the following currency types can be defined for a specific ledger?

A. 50 = Global company currency

In which scenarios is the technical clearing account posted? Note: There are 2 correct answers to this question.

C. Direct asset acquisition posting with a vendor invoice (not linked to a purchase order)

D. Valuated goods receipt on a purchase order with an asset as account assignment

A. Asset transfer posting between asset classes

B. Settlement of an investment order to an asset under construction

You post an unplanned depreciation to an asset. What is the effect on FI-AA and FI-GL?

Posting is done in FI-AA in real time and in FI-GL once the periodic posting program has run.

Posting is done in FI-AA and in FI-GL online and in real time.

Posting is done in FI-AA in real time and in FI-GL once the depreciation posting program has run.

Posting is not done in FI-AA and in FI-GL until the depreciation posting program has run.

What are characteristics of depreciation area 01? Note: There are 2 correct answers to this question.

It must be linked to leading ledger 0L.

It must always post in real time.

It cannot take over values from other areas.

It must be defined as a cost accounting valuation area type.

You want to post depreciation costs of one asset to two cost centers. How do you do this?

You assign a real internal order in the asset master data which you settle periodically to two cost centers.

You assign a statistical order in the asset master data which you settle periodically to two cost centers.

You assign a real cost center and a statistical cost center in the asset master data.

You assign two real cost centers in the asset master data.

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?

You have not posted depreciation completely.

You have incomplete asset master records.

You have not closed the previous fiscal year.

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

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.

The account is a balance sheet account.

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

The account is defined as open item managed.

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

Your system uses parallel currencies. What is the posting indicator of the depreciation area for the parallel currency?

Posts APC real time and depreciation periodically

You post a vendor invoice for asset acquisition without reference to a purchase order. Which accounting documents are generated?

One document per accounting principle & one document for all accounting principles

One document per accounting principle

One document for all accounting principles

Separate documents for each and every accounting principle

You have activated the WBS Element (not related to Investment Management) as an account assignment for asset accounting with the parameters "balan sheet" and "identical" active. What are the consequences?

The WBS Element is available for input in the asset master record.

The WBS Element from the asset master data can be changed during planned depreciation posting.

The WBS Element can no longer be changed in the asset master record once the asset is capitalized.

The WBS Element cannot be used anymore for settlement.

You perform the depreciation run for your assets. For a specific asset, you would like to post the depreciation costs to a different cost center than the one specified in the asset master data.

Use the substitution rule in the depreciation posting run.

Change the cost center in the asset master record before the depreciation run.

Use a manual journal entry after the depreciation run.

Assign an alternative cost center in the depreciation area.

How do you achieve this?

By creating a substitution in Financial Accounting line items

By changing the corresponding error into a warning via configuration

By removing the cost center from the asset master data

By setting the "identical" parameter as not activated in the account assignment configuration

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

Setting the company code status for legacy data transfer

Posting the summary write off in G/L

What are the consequences of the activation of segment reporting in Asset Accounting?

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

The segment appears in the additional account assignment configuration.

The segment is automatically updated in existing asset master data.

The segment activation can be reversed.

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

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

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

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

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

You notice that in the entry view of a document you have fewer items than in the general ledger view. What is the reason for this?

Document splitting has been activated.

The sub-ledger accounts are shown in details in the general ledger view.

An extension ledger has been configured.

The sales tax is posted in details in the general ledger view.

What does the fiscal year variant define?

The start and end date of posting periods

The posting periods open for posting

The authorization to post to special periods

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

Non-operating Expense or Income

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

It has been blocked against postings.

Where do you assign the currency type?

In the general ledger master data

What separates the leading ledger from other parallel standard ledgers?

It doesn't derive values from other ledgers.

It is assigned to all company codes.

It is used for performing segment reporting.

It is used to represent the group valuation.

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

Assign the ledger to a company code

Include the ledger in a ledger group

Assign a chart of accounts to the ledger

You are trying to extend a G/L account to a new company code but are getting an error for incomplete data. All customizable fields have been set to option in the field status. What could be the reason for the error?

Mandatory fields in the account group are not filled

The company code is not assigned to the chart of accounts

The G/L account is blocked for posting

The fiscal year variant is not maintained

You notice that the GR/IR account does not have a zero balance. What could be the cause? Note: There are 2 correct answers to this question.

B. A purchase order has a goods receipt and an invoice receipt with the same quantity but with different values.

C. A purchase order has a partial goods receipt for which we have not yet received an invoice.

A. A purchase order has a goods receipt and an invoice receipt with the same quantity and values.

D. A purchase order has a partial invoice receipt but not yet a goods receipt.

You are implementing the Financial Closing Cockpit for your organization. What are the advantages of defining task groups?

It allows cross task list monitoring of task status.

It allows cross template maintenance.

Which items are taken into account during foreign currency valuation? Note: There are 2 correct answers to this question.

C. Line item valuation for balance sheet accounts defined as open item management

D. Line item valuation for balance sheet accounts not defined as reconciliation account

A. Balance valuation on items for balance sheet accounts not defined as open item management

B. Balance valuation on items for balance sheet accounts defined with ledger group specific open item management

What is the role of the valuation method in the foreign currency valuation?

Determine the exchange rate type

Determine the G/L accounts for the valuation posting

Define the document type for the valuation posting

Define the posting and reversal date for the valuation posting

Where can you see the matching results from the Intercompany Matching and Reconciliation tool?

In the Consolidation Journal table (ACDOCU)

In the Universal Journal table (ACDOCA)

In the Accounting Document Segment table (BSEG)

In an application specific table (ICADOCM)

C_TS4FI_2023 Organizational Assignments and Process Integration

Authored by Akhil Uddandam

Mathematics

CCSS covered

Used 1+ times

C_TS4FI_2023 Organizational Assignments and Process Integration

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54 questions

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MULTIPLE SELECT QUESTION

30 sec • 1 pt

At which levels do you choose between direct and indirect quotation?

A. Exchange rate type

B. Country

C. Company code

D. Client

Which of the following organizational elements can be shared by several company codes?

Segment

Business area

Sales organization

Plant

Profit center

MULTIPLE SELECT QUESTION

30 sec • 1 pt

SAP S/4HANA has introduced the Universal Journal (table ACDOCA) which represents the single source of truth. Which line items are recorded in the table ACDOCA?

A. Primary costs resulting from a distribution

B. Secondary costs resulting from an assessment

C. Intercompany postings

D. Budgeted costs for a cost center

E. Plan depreciation amounts

MULTIPLE SELECT QUESTION

30 sec • 1 pt

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?

Profitability segments

Document splitting

Segments

Profit centers

Business areas

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

At which level do you define functional areas?

Controlling area

Client

Financial statement version

Company code

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Which currency types are defaulted in SAP S/4HANA? Note: There are 2 correct answers to this question.

30 = Group currency

20 = Controlling area currency

00 = Document currency

10 = Company code currency

MULTIPLE SELECT QUESTION

30 sec • 1 pt

You want to implement purchase order accruals in SAP S/4HANA. Which of the following use cases are relevant?

Purchase of raw materials for inventory

Purchase of fixed assets (using direct capitalization method)

Purchase of services

Purchase of consumable materials

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C_TS4FI_2023 Organizational Assignments and Process Integration

At which levels do you choose between direct and indirect quotation?

Which of the following organizational elements can be shared by several company codes?

SAP S/4HANA has introduced the Universal Journal (table ACDOCA) which represents the single source of truth. Which line items are recorded in the table ACDOCA?

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?

At which level do you define functional areas?

Which currency types are defaulted in SAP S/4HANA? Note: There are 2 correct answers to this question.

You want to implement purchase order accruals in SAP S/4HANA. Which of the following use cases are relevant?

You want to assign your 3 newly created company codes to the same controlling area. Which settings must be common to all the company codes?

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

Your company based in France has a permanent establishment in Switzerland where financial statements are required by law. Which organizational unit do you need to create for the permanent establishment in Switzerland?

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