C_TS4FI_2023 Sample Questions Answers

• Residual Item Becomes a New Receivable: When you post an incoming payment with a residual item, the remaining balance that is not covered by the payment is treated as a new receivable. This means a new open item is created in the customer’s account representing the unpaid amount.
• Original Document and Payment are Cleared: The original invoice and the payment are cleared in the accounting system. This involves matching the payment against the original invoice, thereby updating the status of the original invoice to cleared and creating a new open item for the residual amount.

References

• Detailed procedures on how these processes are managed within SAP can be found in SAP training materials and configuration documents. Specifically, the handling of residual items and the clearing process are elaborated in SAP FICO modules documentation​​​​.

General Ledger Accounting

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Asset Accounting

Financial Closing

In SAP S/4HANA, when running the balance carry forward for a company code, it is crucial that all the necessary year-end activities have been completed to ensure a smooth transition to the new fiscal year. One common cause of errors related to Asset Accounting during this process is the incomplete posting of depreciation. Depreciation must be fully posted for all assets to ensure that the asset values are correctly carried forward.

• Check Depreciation Run:
• Review Depreciation Posting:
• Complete Depreciation Posting:
• Verify Year-End Closing Activities:

By ensuring that depreciation is fully posted, the balance carry forward process can correctly include the depreciation values, thus avoiding errors.

References:

• SAP S/4HANA Configuration Document, page on Depreciation Run.
• SAP FICO - Bank Communications Management​​.

Financial Closing

During foreign currency valuation in SAP S/4HANA, specific items are taken into account to ensure accurate financial reporting. These include:

• 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:

These items ensure that the foreign currency valuation is comprehensive and aligns with the financial reporting standards.

References:

• SAP S/4HANA Foreign Currency Valuation documentation: "Foreign currency valuation processes include balance valuation for ledger groups and line item valuation for open item managed accounts to ensure accurate financial reporting"​​.

Financial Closing

The GR/IR (Goods Receipt/Invoice Receipt) account is used to temporarily record the value of goods received and the corresponding invoice received. Discrepancies in the GR/IR account balance can occur due to several reasons:

• Different Values for Same Quantity:
• Partial Goods Receipt without Invoice:

By understanding these scenarios, you can identify and resolve issues causing imbalances in the GR/IR account.

References:

• SAP FICO documentation: "Reasons for non-zero balance in GR/IR account include differences in values for same quantities and partial goods receipts without corresponding invoices"​​.

Financial Closing

In SAP S/4HANA, the configuration to choose between direct and indirect quotation for exchange rates can be done at the following levels:

• Exchange Rate Type Level:
• Client Level:

ReferencesSAP S/4HANA Documentation and Configuration Guides​​​​.

For structuring a Profit & Loss (P&L) statement according to cost-of-sales accounting in SAP S/4HANA, it is crucial to define the correct organizational unit. The appropriate unit is:

Functional area: The functional area allows for the categorization of expenses according to their function (e.g., production, sales, administration). This classification is essential forcost-of-sales accounting as it aligns costs with the corresponding revenue-generating activities, providing a clear view of the profitability of different functions within the organization.

Setting up functional areas ensures that the P&L statement accurately reflects the cost structure and supports detailed financial analysis and decision-making.

References

• [25:25†SAP 4_HANA FICO.pdf]

Organizational Assignments and Process Integration

• Understanding the Issue:
• Reversing the Document:
• Steps to Repost the Document with Correct Number Range:

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General Ledger Accounting

To achieve segment reporting in SAP S/4HANA, particularly when following IFRS accounting principles, the following elements are essential:

• Document Splitting:
• Segments:
• Profit Centers:

ReferencesSAP S/4HANA Configuration Guides and IFRS Reporting Best Practices​​​​​​.

• Assigning Real Internal Order:
• Periodic Settlement to Cost Centers:

Financial Closing

SAP Business Accelerator Hub is the primary tool for exploring released APIs. It provides a comprehensive repository of APIs, integration content, and prepackaged integrations. Thisplatform allows users to discover, test, and consume various APIs that SAP offers, including those for SAP S/4HANA Cloud. By using SAP Business Accelerator Hub, developers can quickly find the APIs they need to integrate SAP applications with other systems or extend their functionality.

References

• SAP Business Accelerator Hub documentation and guides explain how to explore and utilize APIs effectively​​​​.

Financial Closing