C_TS4FI_2023 Online Practice Questions and Answers

Correct Answer: B

In the standard sales process in SAP S/4HANA, the Cost of Goods Sold (COGS) posting is generated when the Post Goods Issue (PGI) is completed. PGI represents the point at which the goods physically leave the warehouse and

ownership is transferred to the customer. This is the critical step where the inventory quantities and values are adjusted, and the COGS is recognized in Financial Accounting. Here are the steps in more detail:

Sales Order Creation: The sales process begins with the creation of a sales order.

Delivery Creation: A delivery document is created based on the sales order.

Post Goods Issue (PGI): When the goods are shipped, the PGI is executed. This step triggers the reduction of inventory and the posting of COGS in Financial Accounting.

Billing: After the goods are shipped, the billing document is created, and the revenue is recognized.

References:

Standard SAP documentation on the sales process and COGS posting mechanisms in SAP S/4HANA.

Correct Answer: BC

Correct Answer: ADE

Correct Answer: B

Correct Answer: ACE

Correct Answer: BC

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: D

In SAP S/4HANA, the object used to directly support the preparation for consolidation is the Company/Trading Partner . The trading partner field is essential for intercompanyreconciliation and consolidation processes. It helps in identifying

and matching intercompany transactions between different entities within a group.

Company: This represents the individual entities within a corporate group that need to prepare consolidated financial statements.

Trading Partner: This field is used to record intercompany transactions, ensuring that transactions between different companies within the same group are properly eliminated during the consolidation process.

By using the Company/Trading Partner relationship, SAP S/4HANA provides a robust mechanism to handle the complexities of intercompany transactions and consolidations, ensuring accurate and compliant financial reporting.

Correct Answer: C

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:

Execute transaction code AFAB to check the status of the depreciation run.

Ensure that the depreciation is posted for all periods up to the end of the fiscal year.

Review Depreciation Posting:

Navigate to Asset AccountingPeriodic ProcessingDepreciation Posting .

Verify if there are any unposted depreciation runs by checking the posting log.

Complete Depreciation Posting:

If depreciation is not fully posted, execute the depreciation run using transaction code AFAB .

Select the appropriate parameters and ensure that the run covers all relevant periods.

Verify Year-End Closing Activities:

Ensure all year-end closing activities in Asset Accounting are completed.

This includes running the year-end closing program for asset accounting using transaction code AJAB .

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

Correct Answer: BD