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

Assign a chart of accounts to the ledger

Assign the ledger to a company code

Assign a chart of accounts to the ledger

Include the ledger in a ledger group

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.

Minimum and maximum payment amounts

You need to explain the concept of noted items in SAP S/4HAN

They generate postings that do not balance.

They update the general ledger in Entry View only.

They generate statistical postings.

Which characteristics are specific to noted items? Note: There are 3 correct answers to this question.

They generate postings that do not balance.

They can be accessed by the payment program and the dunning program.

They update the general ledger in Entry View only.

They generate statistical postings.

They are managed as open items on customer and vendor accounts.

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

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 have activated the WBS Element (not related to Investment Management) as an account assignment for asset accounting ''balance sheet' and 'identical' active.What are the consequences?Note: There are 2 correct answers to this question.

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

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

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

The WBS Element cannot be used anymore for settlement.

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

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

You perform the depreciation run for your assets. For a specific asset, you would like to post the depreciation specified in the asset master data.How do you achieve this?

By changing the corresponding error into a warning via configuration

By removing the cost center from the asset master data

By creating a substitution in Financial Accounting line items

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

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 incomplete asset master records.

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

You have incomplete asset master records.

You have not closed the previous fiscal year.

You have not posted depreciation completely.

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 two real cost centers in the asset master data.

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

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

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

Separate documents for each and every accounting principle

One document for all accounting principles

One document per accounting principle

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 depreciation posting program has run.

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 always post in real time.

It cannot take over values from other areas.

It must always post in real time.

It must be linked to leading ledger OL.

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

It cannot take over values from other areas.

What are the consequences of the activation of segment reporting in Asset Accounting? Note: There are 2 correct answers to this question.

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 appears in the screen layout for asset master data.

The segment appears in the additional account assignment configuration.

The segment activation can be reversed.

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

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

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

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

Asset transfer posting between asset classes

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

Settlement of an investment order to an asset 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 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.

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.

An extension ledger has been configured.

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

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

Document splitting has been activated.

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 company.

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

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

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

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

It has been blocked against postings.

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

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.

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

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

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

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

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

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

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 answers to this question.

You have accounts that you have not assigned in the financial statement version.

You have added an account to the wrong node and it is included in the assets section.

You selected account group assignment by balance for an account and it is displayed as a liability.

You have accounts that you have not assigned in the financial statement version.

You have added an account to the liabilities node that belongs to the financial statement notes.

You have added an account to the wrong node and it is included in the assets section.

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

In the Universal Journal table (ACDOCA)

In the Consolidation Journal table (ACDOCU)

In an application specific table (ICADOCM)

In the Accounting Document Segment table (BSEG)

In the Universal Journal table (ACDOCA)

What is the role of the valuation method in the foreign currency valuation? Note: There are 3 correct answers to this question.

Determine the exchange rate type

Define the document type for the valuation posting

Determine the exchange rate type

Define the document type for the valuation posting

Determine the G/L accounts for the valuation posting

Define the posting and reversal date for the valuation posting

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

Customer reconciliation account

SAP C_TS4FI_2023 Practice Test 1 - Free Online Exam Prep & Questions

What do you configure for regrouping receivables and payables?

Calculation Method

Valuation Method

Provision Method

Sort Method

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SAP C_TS4FI_2023 Practice Test 1

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SAP C_TS4FI_2023 Practice Tests

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