New C-TS4FI-2023 Test Topics, Latest C-TS4FI-2023 Exam Answers

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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	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 4	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.

>> New C-TS4FI-2023 Test Topics <<

Latest C-TS4FI-2023 Exam Answers, Test C-TS4FI-2023 Simulator Free

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SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Sample Questions (Q17-Q22):

NEW QUESTION # 17
You want to include multiple company codes in a single payment run.
What are the prerequisites for the company codes?

A. They must belong to the same controlling area.
B. They must be located in the same country.
C. They must have the same configuration for payment transactions.
D. They must all belong to the same company.

Answer: B

NEW QUESTION # 18
On which level do you maintain the currency translation ratio between two currencies?

A. Currency type
B. Document type
C. Valuation type
D. Exchange rate type

Answer: D

Explanation:
Comprehensive Detailed Explanation with all SAP S/4HANA Cloud References In SAP S/4HANA, the currency translation ratio between two currencies is maintained at the level of the exchange rate type . Exchange rate types are used to define and manage different types of exchange rates (e.
g., average, buying, selling) and their corresponding ratios for currency translation. Let's analyze each option to determine the correct answer.
Explanation of Each Option:
A. Exchange rate type
* Correct : The exchange rate type is the organizational level where currency translation ratios are maintained. Exchange rate types define how exchange rates are calculated or applied during currency translation processes, such as foreign currency valuation or financial statement translation. For example, you might use exchange rate type "M" for average rates or "B" for buying rates.
* Reference : According to SAP documentation, exchange rate types are configured in Customizing and are used to maintain the ratios (e.g., direct or indirect quotation) between two currencies.
B. Currency type
* Incorrect : Currency types refer to the classification of currencies used in specific contexts, such as document currency, company code currency, or group currency. They do not define the translation ratio between currencies. Instead, they specify the type of currency being used in a transaction or report.
* Reference : Currency types are part of the currency setup but are unrelated to maintaining exchange rate ratios.
C. Document type
* Incorrect : Document types classify financial documents (e.g., invoices, payments) and control how they are processed in the system. They do not influence or maintain currency translation ratios.
Document types focus on the structure and processing of financial postings, not currency exchange rates.
* Reference : Document types are used for posting rules and document numbering but are unrelated to currency translation.
D. Valuation type
* Incorrect : Valuation types are used in material management (MM) and inventory accounting to differentiate between various valuation strategies (e.g., standard price, moving average price). They are not relevant for maintaining currency translation ratios in financial accounting.
* Reference : Valuation types are specific to inventory and material valuation and do not apply to currency translation.
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Finance for Currency Translation : Explains how exchange rate types are used to define and maintain currency translation ratios.
* SAP Help Portal - Exchange Rate Types : Provides detailed guidance on configuring exchange rate types and their role in currency translation.
* Foreign Currency Valuation Process : Describes how exchange rate types are applied during foreign currency valuation in financial accounting.
* Customizing Exchange Rates : Highlights the steps to maintain exchange rate ratios in SAP S
/4HANA.

NEW QUESTION # 19
You want to assign your 3 newly created company codes to the same controlling are a. Which settings must be common to all the company codes?
Note: There are 2 correct answe-rs to this que-stion.

A. Posting period variant
B. Operating chart of accounts
C. Fiscal year variant
D. Source currency for group currency

Answer: B,C

NEW QUESTION # 20
What are some features of SAP Business Technology Platform? Note: There are 2 correct answers to this question.

A. It supports customers in understanding their stakeholder's needs.
B. It helps customers to collaborate to build flexible value chains.
C. It supports application development and integration.
D. It provides data management and analytics.

Answer: B,C

Explanation:
The SAP Business Technology Platform (BTP) is a unified platform that provides tools, services, and technologies to help businesses innovate, integrate, and extend their SAP and non-SAP solutions. It enables organizations to build, extend, and integrate applications while leveraging data management, analytics, and collaboration capabilities. Let's analyze each option to determine the correct answers.
Explanation of Each Option:
C. It helps customers to collaborate to build flexible value chains.
* Correct : One of the key features of SAP BTP is enabling collaboration across business networks and ecosystems. By integrating processes and data across partners, suppliers, and customers, SAP BTP helps organizations build flexible value chains that can adapt to changing market demands. This includes tools for supply chain visibility, partner collaboration, and process automation.
* Reference : According to SAP documentation, SAP BTP supports collaboration by connecting stakeholders and enabling seamless data exchange, which enhances supply chain resilience and flexibility.
D. It supports application development and integration.
* Correct : SAP BTP provides robust tools for application development and integration . Developers can use low-code/no-code tools, APIs, and pre-built connectors to create custom applications or integrate existing systems. The platform also supports microservices architecture, enabling modular and scalable application development.
* Reference : SAP emphasizes that SAP BTP is designed to accelerate innovation by providing a comprehensive environment for developing, extending, and integrating applications across hybrid landscapes.
A. It provides data management and analytics.
* Incorrect : While SAP BTP does offer data management and analytics capabilities (e.g., through SAP Data Warehouse Cloud, SAP Analytics Cloud, etc.), this is not one of the primary features highlighted in the context of this question. The focus here is on collaboration and application development/integration rather than analytics.
* Reference : Data management and analytics are part of SAP BTP but are secondary to its core functionalities of collaboration and integration.
B. It supports customers in understanding their stakeholder's needs.
* Incorrect : Although SAP BTP enables collaboration and data-driven insights, it does not directly focus on helping customers "understand their stakeholder's needs." This is more aligned with business strategy or customer relationship management (CRM) tools rather than the technical capabilities of SAP BTP.
* Reference : SAP BTP is primarily a technology platform focused on integration, development, and collaboration, not on stakeholder analysis or customer needs assessment.
Key References to SAP Documentation:
* SAP Business Technology Platform Overview : Explains the core features of SAP BTP, including collaboration, application development, and integration.
* SAP Help Portal - SAP BTP Capabilities : Provides detailed guidance on how SAP BTP supports flexible value chains and application development.
* Integration and Extensibility with SAP BTP : Highlights the platform's role in enabling seamless integration across hybrid landscapes and extending SAP solutions.
* Collaboration Tools in SAP BTP : Describes how SAP BTP facilitates collaboration across business networks and ecosystems.

NEW QUESTION # 21
You define payment methods.
Which parameters do you define on the level of the company code? Note: There are 2 correct answers to this question.

A. Minimum and maximum payment amounts
B. Payment Medium
C. Permitted Currencies
D. Foreign currency allowed

Answer: A,D

NEW QUESTION # 22
......

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