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SAP C-TS4FI-2023 Exam Syllabus Topics:
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SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Sample Questions (Q68-Q73):
NEW QUESTION # 68
Which of the following currency types can be defined for a specific ledger? Note: There are 3 correct answers to this question.
- A. 10 = Company code currency
- B. 60 = Global company currency
- C. 00 = Document currency
- D. 40 = Hard currency
- E. 30 = Group currency
Answer: A,C,E
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 # 69
At which level do you define functional areas?
- A. Client
- B. Financial statement version
- C. Controlling area
- D. Company code
Answer: A
NEW QUESTION # 70
On which levels do you define FI-AA account determination? Note: There are 2 correct answers to this question.
- A. Chart of accounts
- B. Company code
- C. Client
- D. Chart of depreciation
Answer: B,D
NEW QUESTION # 71
Which model can be used for ABAP cloud-native development?
- A. The SAP S/4HANA Cloud Extensibility Model
- B. The ABAP Cloud Development Model
- C. ABAP RESTful Application Programming Model
Answer: C
Explanation:
In the context of ABAP cloud-native development , SAP has introduced modern programming models to support the development of cloud-ready applications that align with the principles of a clean core and extensibility. These models emphasize the use of standard APIs, separation of custom code from the core system, and adherence to cloud best practices. Let's analyze each option to determine the correct answer.
Explanation of Each Option:
B. ABAP RESTful Application Programming Model
* Correct : The ABAP RESTful Application Programming Model (RAP) is specifically designed for cloud-native development in SAP S/4HANA. It enables developers to build modern, scalable, and cloud-ready applications using standardized patterns and tools. RAP supports the creation of business objects with built-in capabilities for data modeling, behavior definition, and service exposure via OData APIs. This model aligns with SAP's clean core strategy by promoting the use of standard APIs and minimizing customizations in the core system.
* Reference : According to SAP documentation, the ABAP RESTful Application Programming Model is the recommended approach for cloud-native development in SAP S/4HANA, ensuring compliance with modern development practices and cloud principles.
A. The ABAP Cloud Development Model
* Incorrect : While "ABAP Cloud Development" is a broad term referring to development practices in the cloud, it is not a specific programming model. Instead, it encompasses various tools, frameworks, and methodologies, such as the ABAP RESTful Application Programming Model. This option is too generic and does not directly refer to a specific model for cloud-native development.
* Reference : The term "ABAP Cloud Development Model" is not explicitly defined in SAP documentation as a standalone programming model.
C. The SAP S/4HANA Cloud Extensibility Model
* Incorrect : The SAP S/4HANA Cloud Extensibility Model focuses on extending SAP S/4HANA Cloud functionality using tools like side-by-side extensions (via SAP Business Technology Platform) or in-app extensibility (e.g., custom fields, logic, and UIs). While this model is critical for extending SAP S
/4HANA Cloud, it is not specifically designed for ABAP cloud-native development. Instead, it emphasizes extensibility rather than native application development.
* Reference : The SAP S/4HANA Cloud Extensibility Model is primarily about extending existing functionality, not building cloud-native applications using ABAP.
Key References to SAP Documentation:
* SAP Help Portal - ABAP RESTful Application Programming Model : Provides detailed guidance on using RAP for cloud-native development, including data modeling, behavior definition, and service exposure.
* SAP S/4HANA Cloud Development Practices : Explains the principles of cloud-native development and the role of RAP in building modern applications.
* SAP S/4HANA Cloud Extensibility Model : Describes how to extend SAP S/4HANA Cloud functionality using in-app and side-by-side extensibility options.
* ABAP Cloud Development Overview : Highlights the tools and frameworks available for ABAP development in the cloud.
NEW QUESTION # 72
You want to implement purchase order accruals in SAP S/4HANA. Which of the following use cases are relevant?
- A. Purchase of fixed assets (using direct capitalization method)
- B. Purchase of consumable materials
- C. Purchase of services
- D. Purchase of raw materials for inventory
Answer: A
NEW QUESTION # 73
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