SAP C_TS4FI_2023 Dumps

In SAP S/4HANA, functional areas are defined at the client level, which means they are available across all company codes within the client. This ensures that the classification of expenses and revenues for reporting purposes is consistent throughout the entire organization.

• Defining Functional Areas:
• Configuration Steps:

ReferencesSAP S/4HANA Financial Accounting Configuration​​​​.

Financial Closing

Financial Closing

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"​​.

To post depreciation costs to a different cost center than the one specified in the asset master data during the depreciation run, you can create a substitution rule in Financial Accounting. This allows the system to override the cost center specified in the asset master record with a different cost center at the time of posting.

• Creating a Substitution Rule:
• Implementing the Substitution:

This approach provides flexibility and control over cost center assignments without needing to alter the master data directly, ensuring accurate and intentional financial postings.

References:

• Business Processes in Management Accounting in SAP S/4HANA .
• SAP S/4HANA Configuration Document​​.

The ABAP RESTful Application Programming Model (RAP) is designed specifically for ABAP cloud-native development. RAP provides a framework for developing cloud-ready applications using ABAP in SAP S/4HANA Cloud and SAP BTP. It emphasizes RESTful service principles, which make it easier to create scalable, maintainable, and testable applications.

References

• The documentation for the ABAP RESTful Application Programming Model outlines its architecture, design principles, and development process, making it the recommended approach for ABAP cloud-native development​​​​.

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:

• uk.co.certification.simulator.questionpool.PList@196fd7d0

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

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

References:

• SAP FICO documentation: "Maintain group account number, short text, and account group at the chart of accounts level to ensure proper account categorization and description"​​.

Accounts Payable & Accounts Receivable

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

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​​​​.