C-TS4FI-2023 SAP Practice Questions
Prepare for C-TS4FI-2023 with more than an answer.
- Exam fee
- $1308 USD
- Level
- Associate
- Valid for
- 12 months
Domains covered on the exam 7
- Managing Clean Core10%
- Overview and Deployment of SAP S/4HANA10%
- General Ledger Accounting15%
- Accounts Payable & Accounts Receivable15%
- Asset Accounting15%
- Financial Closing15%
- Organizational Assignments and Process Integration15%
- 1
A business requirement is to add a custom field, 'Project Phase', to the journal entry line item screen and have it available for reporting. The company strictly follows a Clean Core strategy. What is the recommended Fiori application to achieve this without developer involvement?
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Correct answer: B
The 'Custom Fields and Logic' Fiori app is the standard tool for Key User Extensibility. It allows authorized business users (key users) to add custom fields to business contexts (like journal entry items), enable them on UIs and in reports, and even add simple logic, all without writing any ABAP code, thus adhering perfectly to Clean Core principles.
- 2
During month-end closing, an accountant notices that the balance of the GR/IR (Goods Receipt/Invoice Receipt) clearing account is unexpectedly high. A review shows many items where goods have been received but the invoice has not yet been posted. Which standard program should be run to analyze and manage these items?
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Correct answer: B
The GR/IR Account Maintenance program (MR11) is specifically designed to clear discrepancies between goods receipts and invoice receipts for a purchase order. It is used to write off small differences or to clear items where no further goods or invoices are expected. For analysis of aging items, this is the primary tool before any write-offs are performed.
- 3
A company acquires a new piece of equipment mid-year. According to company policy, a full month's depreciation should be calculated for the month of acquisition, regardless of the acquisition date. Which configuration setting in Asset Accounting controls this behavior?
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Correct answer: B
The Period Control Method, which is a component of the depreciation key, determines the start and end date for depreciation calculation in relation to the asset transaction date. A setting like '01 - Pro rata at period start date' or '06 - At the start of the period' will ensure that depreciation calculation begins from the first day of the acquisition period, effectively taking a full period's depreciation.
- 4
The dunning program has been executed, but a customer with several overdue invoices did not receive a dunning notice. The dunning log shows the customer was selected but no notice was generated. Which of the following are potential reasons for this? (Select TWO)
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Correct answer: A, C
- 5
An accountant needs to post a journal entry that credits a revenue account and debits a bank account. The revenue account requires a Profit Center to be entered, while the bank account does not. Document Splitting is active based on Profit Center. What will be the result in the General Ledger view of the posted document?
graph TD subgraph Entry View A[Bank Account DR: 1000] --> C{Journal Entry}; B[Revenue Account CR: 1000, PC: PCA] --> C; end subgraph General Ledger View D[How is Bank Account posted?] --> E{Result?}; endShow answer details
Correct answer: B
Document Splitting ensures that financial statements are balanced for the specified characteristics (like Profit Center). In this case, the system inherits the Profit Center 'PCA' from the revenue line and applies it to the bank line item in the General Ledger view. This ensures that the posting is balanced (Debit = Credit) within Profit Center 'PCA', even though the profit center was not entered on the bank line in the entry view.
- 6
The use of the SAP Business Technology Platform (BTP) for side-by-side extensions is a core tenet of the Clean Core strategy because it prevents modifications to the S/4HANA core application code.
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Correct answer: A
This statement is true. A fundamental principle of Clean Core is to keep the core system (SAP S/4HANA) as standard as possible to ensure stability and simplify upgrades. Side-by-side extensions, developed and run on SAP BTP, are loosely coupled with the core system via APIs. This allows for custom functionality to be built without modifying the S/4HANA codebase itself.
- 7
A company wants to manage its financial closing process more efficiently using a structured task list and monitoring capabilities. Which SAP S/4HANA tool is specifically designed for planning, executing, and monitoring period-end closing activities?
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Correct answer: B
The Financial Closing cockpit is the standard tool within SAP S/4HANA designed to orchestrate the entire closing cycle. It allows companies to define a template of closing tasks, dependencies, and responsible persons. This provides a centralized platform for executing tasks in the correct sequence and monitoring the overall progress of the period-end close.
- 8
A global corporation is implementing SAP S/4HANA and requires different depreciation calculations for local statutory reporting (L-GAAP) and group reporting (IFRS). For a specific asset class, L-GAAP requires a 10-year straight-line depreciation, while IFRS mandates an 8-year straight-line method. How should a consultant configure the system to meet these parallel valuation requirements?
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Correct answer: B
The standard SAP S/4HANA approach for parallel valuation is to use multiple depreciation areas within a single chart of depreciation. Each depreciation area can be assigned a different accounting principle (e.g., IFRS, L-GAAP) and configured with its own depreciation terms (like the depreciation key and useful life). This allows a single asset master record to manage multiple valuation methods simultaneously, posting values to the appropriate ledgers.
- 9
A company's procurement department wants to enforce a specific payment term ('Net 45 days') for all vendors belonging to the 'Raw Material Suppliers' account group. However, for a single strategic supplier within this group, a specially negotiated term ('Net 60 days with 2% discount') must be used. What is the most efficient way to configure this in SAP S/4HANA?
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Correct answer: C
SAP follows a principle of specificity where data at a more specific level overrides data at a more general level. The payment term maintained in the individual vendor (Business Partner) master record takes precedence over any default settings at the account group level. This is the standard and most efficient way to handle exceptions without creating unnecessary configuration objects like new account groups.
