C_TS4FI_2023 Online Practice Questions and Answers

Correct Answer: D

Correct Answer: AC

Correct Answer: ADE

Correct Answer: D

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.

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

Correct Answer: A

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.

Correct Answer: ABE

The chart of accounts level in SAP contains several critical fields for a G/L account. These fields help categorize and describe the account, ensuring consistent financial reporting and integration.

Group Account Number:Used for consolidation purposes, linking similar accounts across different company codes.

Transaction Code:FS00

Steps:

Enter the G/L account.

Navigate to the "Group Account" tab.

Enter the group account number.

Short Text:Provides a brief description of the G/L account, making it easier to identify and understand its purpose.

Transaction Code:FS00

Steps:

Enter the G/L account.

Navigate to the "Description" tab.

Enter a short text description.

Account Group:Determines the number range and field status for the G/L account, ensuring it aligns with the company's chart of accounts structure.

Transaction Code:FS00

Steps:

Enter the G/L account.

Navigate to the "Control Data" tab.

Select the appropriate account group.

Maintaining these fields ensures that the G/L account is accurately reflected in the financial statements and is properly integrated with other financial processes.

Correct Answer: AD

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:

Exchange rate types define how exchange rates are maintained and used within the system. Each exchange rate type can have a different configuration for direct or indirect quotation.

Path:SPRO SAP Reference IMG SAP NetWeaver General Settings Currencies Define Translation Ratios for Currency Translation

Transaction Code:OBBS

In this configuration, you set whether the exchange rate type uses direct or indirect quotation, impacting how currency conversions are processed in transactions.

Client Level:

The client level encompasses all company codes within the SAP environment, ensuring consistent application of currency exchange settings across the organization.

Path:SPRO SAP Reference IMG SAP NetWeaver General Settings Currencies Check Exchange Rate Types

Transaction Code:OB08

This configuration ensures that the choice between direct and indirect quotation is consistently applied across all company codes and modules within the client.

Correct Answer: BC

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:

Scenario:The goods receipt (GR) and invoice receipt (IR) for a purchase order have been posted with the same quantity but with different values.

Impact:This causes a discrepancy because the value recorded for the GR does not match the value recorded for the IR, leading to a non-zero balance in the GR/IR account.

Solution:Reconcile the values by checking and correcting the differences in the posted documents.

Partial Goods Receipt without Invoice:

Scenario:A purchase order has a partial goods receipt, and the invoice for the received goods has not yet been received or posted.

Impact:This leads to a temporary imbalance in the GR/IR account as the goods received are recorded without a corresponding invoice, resulting in an outstanding balance.

Solution:Ensure timely posting of invoices for all received goods to match the GR entries.

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

Correct Answer: BD

Correct Answer: AD