SAP C_TS4FI_2023 SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Exam Practice Test

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​​​​.

In SAP S/4HANA, the account determination for FI-AA (Financial Accounting - Asset Accounting) is defined on multiple levels to ensure proper categorization and posting of asset transactions. The two primary levels where account determination is defined are:

• Chart of Depreciation:
• Chart of Accounts:

Steps to Define Account Determination:

• Maintain Chart of Depreciation:
• Maintain Chart of Accounts:

By configuring account determination at both the chart of depreciation and chart of accounts levels, SAP S/4HANA ensures accurate and systematic financial reporting and compliance with accounting standards.

References:

• SAP S/4HANA Configuration Document​​.
• Procedimiento Creacion nuevos elementos​​.

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

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

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

Financial Closing

For a company based in France with a permanent establishment in Switzerland where financial statements are required by law, the necessary organizational unit to create is:

Company code: A company code represents an independent accounting unit within SAP. It is the smallest organizational unit for which a complete, self-contained set of accounts can be drawn up for purposes of external reporting. Creating a separate company code for the Swiss establishment ensures that financial transactions are recorded in compliance with local legal requirements and financial statements are generated accordingly.

By establishing a company code for the Swiss location, the organization ensures compliance with Swiss financial regulations and accurate financial reporting.

References

• [28:1†1709119988077.pdf]

drawn up for purposes of external reporting. This includes recording all relevant transactions and generating necessary financial statements.

Here are the steps to create a company code in SAP S/4HANA:

• Define Company Code:
• Assign Company Code to Company:
• Define Additional Settings:
• Open and Close Posting Periods:

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General Ledger Accounting

In SAP S/4HANA, the object used to directly support the preparation for consolidation is theCompany/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.

References

• [25:27†Procedimiento Creacion nuevos elementos (Cta,PosLiq,Cege,Fondo,Recurrencia)v2 (1).docx]
• [28:1†1709119988077.pdf]

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Financial Closing