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2025 SAP Fantastic C_TS4FI_2023: SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Exam Consultant

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SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Sample Questions (Q56-Q61):

NEW QUESTION # 56
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.

A. You have added an account to the wrong node and it is included in the assets section.
B. You have added an account to the liabilities node that belongs to the financial statement notes.
C. You have accounts that you have not assigned in the financial statement version.
D. You selected account group assignment by balance for an account and it is displayed as a liability.

Answer: A,C

Explanation:
In SAP S/4HANA, when running a financial statement report , discrepancies in the calculated net profit can arise due to misconfigurations or omissions in the financial statement version (FSV) . The FSV defines how G/L accounts are grouped and displayed in the financial statements. Let's analyze each option to determine the correct answers.
Explanation of Each Option:
A. You have added an account to the wrong node and it is included in the assets section.
* Correct : If an account is incorrectly assigned to the wrong node in the financial statement version (e.
g., an expense account mistakenly included in the assets section), it will distort the financial statement calculations. For example, an expense account incorrectly classified as an asset would reduce expenses and inflate assets, leading to an incorrect net profit calculation.
* Reference : According to SAP documentation, the accuracy of financial statements depends on proper assignment of accounts to the correct nodes in the FSV.
C. You have accounts that you have not assigned in the financial statement version.
* Correct : If certain accounts are not assigned to any node in the financial statement version, their balances will not be included in the financial statement report. This omission can lead to incomplete data and result in an incorrect net profit calculation.
* Reference : SAP documentation emphasizes the importance of assigning all relevant accounts to the appropriate nodes in the FSV to ensure accurate reporting.
B. You have added an account to the liabilities node that belongs to the financial statement notes.
* Incorrect : While adding an account to the liabilities node that belongs to the financial statement notes may affect the presentation of the financial statements, it does not directly impact the calculation of net profit. Net profit is primarily influenced by income and expense accounts, not liabilities or notes.
* Reference : Accounts in the liabilities section or notes do not directly contribute to the net profit calculation.
D. You selected account group assignment by balance for an account and it is displayed as a liability.
* Incorrect : Assigning an account to a specific group based on its balance (e.g., displaying it as a liability) affects how the account is categorized in the financial statement but does not alter the underlying balance or the net profit calculation. The net profit is determined by the actual balances of income and expense accounts, not their grouping.
* Reference : Grouping accounts by balance impacts presentation but does not change the financial data used in net profit calculations.
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Finance for Financial Statement Reporting : Explains how the financial statement version (FSV) determines the structure and accuracy of financial reports.
* SAP Help Portal - Financial Statement Version (FSV) : Provides detailed guidance on configuring and maintaining the FSV, including proper assignment of accounts to nodes.
* Net Profit Calculation in Financial Statements : Highlights the role of income and expense accounts in determining net profit and the impact of misconfigurations.
* Account Grouping and Presentation : Describes how accounts are grouped and displayed in financial statements without affecting underlying balances.

NEW QUESTION # 57
What can you achieve with the legacy data transfer in via transaction AS91?

A. Posting the summary write off in G/L
B. Setting the company code status for legacy data transfer
C. Posting of take over values
D. Creation of master data

Answer: D

NEW QUESTION # 58
When defining a new standard ledger, which action must you take to manually post a general journal entry to it?

A. Assign a chart of accounts to the ledger
B. Define the underlying ledger
C. Assign the ledger to a company code
D. Include the ledger in a ledger group

Answer: C

NEW QUESTION # 59
Which of the following currency types can be defined for a specific ledger? Note: There are 3 correct answers to this question.

A. 30 = Group currency
B. 10 = Company code currency
C. 40 = Hard currency
D. 00 = Document currency
E. 60 = Global company currency

Answer: A,B,D

Explanation:
Comprehensive Detailed Explanation with all SAP S/4HANA Cloud References In SAP S/4HANA, ledgers are used to manage financial accounting data and support parallel accounting requirements (e.g., local GAAP vs. IFRS). Each ledger can be configured with specific currency types to meet reporting and compliance needs. Let's analyze each option to determine which currency types can be defined for a specific ledger.
Explanation of Each Option:
B. 00 = Document currency
* Correct : The document currency (currency type 00) is the currency in which a financial transaction is originally recorded. It is always available in every ledger because it ensures that the original transaction amount is preserved for reporting and reconciliation purposes.
* For example, if an invoice is issued in USD, the document currency will be USD. This currency type is essential for maintaining accurate financial records.
* Reference : According to SAP documentation, the document currency is stored in the Universal Journal (ACDOCA) and is a mandatory field for every financial posting.
D. 10 = Company code currency
* Correct : The company code currency (currency type 10) is the default currency of the company code.
It is automatically available in every ledger and is used as the primary currency for legal reporting and balance sheet preparation.
* For example, if the company code currency is EUR, all postings are converted to EUR for reporting purposes, regardless of the document currency.
* Reference : The company code currency is defined during the creation of the company code and is a key component of financial reporting at the company code level.
E. 30 = Group currency
* Correct : The group currency (currency type 30) is used for consolidation purposes and represents the currency of the corporate group or headquarters. It can be defined for specific ledgers to support group reporting requirements, such as preparing consolidated financial statements.
* For example, if the group currency is USD, financial data from multiple company codes can be converted to USD for consolidation.
* Reference : Group currency is critical for external reporting under IFRS and is supported in SAP S
/4HANA through ledger configuration.
A. 60 = Global company currency
* Incorrect : The global company currency (currency type 60) is not a standard currency type in SAP S
/4HANA. While some custom implementations might use this term, it is not officially recognized in SAP documentation for ledger configuration.
* Reference : SAP S/4HANA supports predefined currency types like document currency, company code currency, and group currency, but global company currency is not part of the standard configuration.
C. 40 = Hard currency
* Incorrect : Hard currency (currency type 40) is a special currency type used in countries with high inflation or currency instability. It is not typically defined for specific ledgers unless required by local regulations.
* Reference : Hard currency is optional and is only relevant in specific scenarios, such as hyperinflationary economies. It is not a standard requirement for ledger configuration.
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Finance for Parallel Accounting : Explains how different currency types are used in ledgers to support parallel accounting requirements.
* SAP Help Portal - Currency Types in Ledgers : Provides detailed guidance on configuring currency types for specific ledgers.
* Universal Journal (ACDOCA) : Highlights that document currency (00), company code currency (10), and group currency (30) are stored in the universal journal and are essential for financial reporting.
* Group Reporting in SAP S/4HANA : Describes the use of group currency (30) for consolidation purposes.

NEW QUESTION # 60
How would you define Intercompany Matching and Reconciliation (ICMR)? Note: There are 2 correct answe-rs to this que-stion.

A. It is a solution that can be integrated with Group Reporting.
B. It is a solution that requires the parallel implementation of SAP Group Reporting Data Collection.
C. It is a solution embedded in the SAP S/4HANA core.
D. It is a solution that facilitates transaction matching between systems in Central Finance.

Answer: A,D

NEW QUESTION # 61
......

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