C_TS4FI_2023 Practice Exam Questions with Answers SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Certification

The Universal Journal (table ACDOCA) in SAP S/4HANA consolidates financial and management accounting data into a single line item table, providing a comprehensive and unified source of truth. The following types of line items are recorded in ACDOCA:

• Primary costs resulting from a distribution:
• Secondary costs resulting from an assessment:
• Intercompany postings:

ReferencesSAP S/4HANA Finance Documentation and Configuration Guides????.

Organizational Assignments and Process Integration

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??.

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Financial Closing

Financial Closing

Financial Closing

Financial Closing

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Asset Accounting

General Ledger Accounting

To post a reversal for a document posted in a closed posting period, you need to configure the reversal reason. This configuration allows you to enter the reversal with a different date than the original document. The reversal reason must be set up with specific parameters that permit posting in a different period, thus enabling the reversal even if the original period is closed.

• Access Transaction Code (FB08):Open the transaction for document reversal.
• Enter Document Details:Provide the document number, company code, fiscal year, and specify the reversal reason.
• Select Posting Date:Ensure that the posting date for the reversal is different from the original posting date and falls within an open period.
• Execute Reversal:Confirm the details and execute the reversal process.

By configuring the reversal reason with appropriate settings, SAP allows you to manage document reversals flexibly, even when dealing with closed periods.

References:

• SAP FICO documentation: "How to reverse a document in SAP FI? Use the T-code: FB08. Enter the following details: Document number to be reversed, Company Code, Fiscal year of posting, Reversal Reason, Enter posting date and period"??.

• 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????.

When entering an invoice that needs to be paid, the system must determine the baseline date. The baseline date is crucial as it is used to calculate the due date for the payment of the invoice. Here are the key points:

• Baseline Date Definition: The baseline date is typically the invoice date, but it can also be the date of goods receipt or any other date defined in the payment terms.
• Payment Terms Calculation: The payment terms associated with the vendor or the invoice determine the due date for the invoice payment based on the baseline date.
• Due Date Calculation: The system uses the baseline date in conjunction with the payment terms to calculate the due date, ensuring timely payments and accurate cash flow management.

References

• SAP's Accounts Payable module documentation and configuration guides provide details on how the baseline date is used for calculating payment due dates????.

Overview and Deployment of SAP S/4HANA

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