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

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

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

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

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

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

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

You perform foreign currency valuation for open items of your supplier accounts. The valuations will be used only for period end reporting and should then be reversed.What account does the system use to post the valuation differences?

Adjustment G/L account for foreign currency

Individual supplier accounts with special G/L indicator

Alternative reconciliation G/L account

Adjustment G/L account for foreign currency

Supplier reconciliation G/L account

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?Note: There are 3 correct answers to this question.

Secondary costs resulting from an assessment

Primary costs resulting from a distribution

Secondary costs resulting from an assessment

Primary costs resulting from a distribution

Budgeted costs for a cost center

You want to implement purchase order accruals in SAP S/4HAN

Purchase of fixed assets (using direct capitalization method)

Purchase of raw materials for inventory

Which of the following use cases are relevant? Note: There are 2 correct answers to this question.

Purchase of fixed assets (using direct capitalization method)

Purchase of consumable materials

Purchase of raw materials for inventory

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 answers to this question.

Source currency for group currency

What are the 3 mandatory steps of the dunning process in the SAP S/4HANA system? Note: There are 3 correct answers to this question.

Maintain the parameters of the dunning program

The 3-way match is the standard procedure used to post procurement transactions in SAP S/4HAN

The 3 logistical steps each generate financial documents.

The goods receipt needs to be created in reference to the purchase order.

The 3 logistical steps each generate financial documents.

The purchase order needs to be created in reference to a purchase request.

The invoice needs to be created in reference to the goods receipt.

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

They must be located in the same country.

They must all belong to the same company.

They must have the same configuration for payment transactions.

They must be located in the same country.

They must belong to the same controlling area.

You have cleared a customer open item but want to undo this action. What are the available options?Note: There are 2 correct answers to this question.

Reset and reverse the clearing document

What can you control with the reason code in Accounts Receivable? Note: There are 3 correct answers to this question.

The exclusion of disputed residual items from credit limit checks

The account where a residual item is posted

The type of payment notice sent to a customer

The exclusion of disputed residual items from credit limit checks

The account where a residual item is posted

The type of payment notice sent to a customer

The special G/L indicator for the down payment

The document type of the payment

You are entering a credit memo in Financial Accounting and are wondering why the entered payment terms are being ignored. What are the reasons?Note: There are 2 correct answers to this question.

The credit memo was created without reference to an invoice.

The due date determined based on the entered payment terms is in the past.

The credit memo was entered in Financial Accounting.

The credit memo was created without reference to an invoice.

The field 'Reference' of the credit memo is blank.

The due date determined based on the entered payment terms is in the past.

You post an incoming payment from a customer with a residual item for a payment difference. What are the consequences?Note: There are 2 correct answers to this question.

The residual item becomes a new receivable.

The original document and the payment are cleared.

The residual item is written off to a cost account.

The residual item becomes a new receivable.

The original document and the payment are cleared.

Both the original open item and the residual item remain on the account as open items.

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

It supports application development and integration.

It provides data management and analytics.

It supports application development and integration.

It supports customers in understanding their stakeholder's needs.

It helps customers to collaborate to build flexible value chains.

It provides data management and analytics.

How are pages assigned to users on the SAP Fiori Launchpad?

Via spaces assigned to business roles which are assigned to users

Directly to business roles which are assigned to users

Via spaces assigned to business roles which are assigned to users

Via groups assigned to business roles which are assigned to users

Via sections assigned to business roles which are assigned to users

Which model can be used for ABAP cloud-native development?

ABAP RESTful Application Programming Model

The ABAP Cloud Development Model

The SAP S/4HANA Cloud Extensibility Model

ABAP RESTful Application Programming Model

Which of the following can you use to explore released APIs?

SAP Application Interface Framework

What are some SAP recommended guiding principles to achieve clean core operations? Note: There are 3 correct answers to this question.

Establish regular housekeeping tasks and procedures.

Integrate clean core practices in the end-to-end value process chain.

Define roles and responsibilities as part of a process transformation office.

Establish regular housekeeping tasks and procedures.

Integrate clean core practices in the end-to-end value process chain.

Define roles and responsibilities as part of a process transformation office.

Establish an organizational structure, technical foundation, and transformation methodology for clean core.

What separates the leading ledger from other parallel standard ledgers?

It doesn't derive values from other ledgers.

It is used for performing segment reporting.

It doesn't derive values from other ledgers.

It is used to represent the group valuation

It is assigned to all company codes.

What does the fiscal year variant define?Note: There are 2 correct answers to this question.

The start and end date of posting periods

The authorization to post to special periods

The posting periods open for posting

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

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

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

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

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

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

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

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 correct answers to this question.

To generate automatic posting to correct intercompany discrepancy

To highlight and solve intercompany data discrepancy triggering a workflow

To trigger elimination of intercompany revenues & costs based on rules configured

To generate automatic elimination of intercompany AR/AP balances

To generate automatic posting to correct intercompany discrepancy

To highlight and solve intercompany data discrepancy triggering a workflow

SAP C_TS4FI_2023 Practice Test 2 - Free Online Exam Prep & Questions

Home / SAP / C_TS4FI_2023 / Practice Test 2

Ask Question

00:00:00

Show Answer

Training mode

Report Issue

Restart test

Question 1 / 40

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

Note: There are 2 correct answers to this question.

It allows cross task list execution of tasks.

It allows cross task list monitoring of task status.

It allows cross template maintenance.

It covers multiple companies with same or similar tasks.

Comment (0)

SAP C_TS4FI_2023 Practice Tests

Practice Test 1
1 - 40

Practice Test 2
41 - 80

C_TS4FI_2023: SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting

Vendor:

SAP

Exam Questions:

Learners

2.370

Last Updated

March - 2025

Language

English

SAP C_TS4FI_2023 Practice Tests

Practice Test 1
1 - 40

Practice Test 2
41 - 80