C_TS4FI_2023 Online Practice Questions and Answers

Your company follows IFRS accounting principles and needs to issue a full financial statement for its two main divisions "Consumer Products" and "Professional Products".

What do you need to achieve segment reporting in this scenario? Note: There are 3 correctanswers to this question.

A. Profitability segments

B. Document splitting

C. Segments

D. Profit centers

E. Business areas

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

A. Industry Cloud

B. Intelligent Suite

C. Experience Management

D. Business Network

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

A. Profit center

B. Business area

C. Segment

D. Functional area

Which of the following currency types can be defined for a specific ledger? Note: There are 3 correctanswers to this question.

A. 60 = Global company currency

B. 00 = Document currency

C. 40 = Hard currency

D. 10 = Company code currency

E. 30 = Group currency

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 correctanswers to this question.

A. To generate automatic posting to correct intercompany discrepancy

B. To trigger elimination of intercompany revenues and costs based on rules configured

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

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

On what level can you restrict postings using the posting period variant? Note: There are 2 correctanswers to this question.

A. Customer reconciliation account

B. Fixed asset number

C. G/L account

D. Supplier account

Which physical inventory methods are available in SAP S/4HANA? Note: There are 3 correctanswers to this question.

A. Standard inventory method

B. Continuous inventory method

C. Periodic inventory method

D. Actual inventory method

E. Cycle counting method

How would you define Intercompany Matching and Reconciliation (ICMR)? Note: There are 2 correctanswers to this question.

A. It is a solution that requires the parallel implementation of SAP Group Reporting Data Collection.

B. It is a solution that facilitates transaction matching between systems in Central Finance.

C. It is a solution that can be integrated with Group Reporting.

D. It is a solution embedded in the SAP S/4HANA core.

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

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

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

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

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

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

A. Non-operating Expense or Income

B. Balance Sheet Account

C. Primary Costs or Revenue

D. Secondary Costs

E. Cash Account