C_TS4FI_2023 SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Questions and Answers

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Financial Closing

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

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​​.

For structuring a Profit & Loss (P&L) statement according to cost-of-sales accounting in SAP S/4HANA, it is crucial to define the correct organizational unit. The appropriate unit is:

Functional area: The functional area allows for the categorization of expenses according to their function (e.g., production, sales, administration). This classification is essential forcost-of-sales accounting as it aligns costs with the corresponding revenue-generating activities, providing a clear view of the profitability of different functions within the organization.

Setting up functional areas ensures that the P&L statement accurately reflects the cost structure and supports detailed financial analysis and decision-making.

References

• [25:25†SAP 4_HANA FICO.pdf]

Organizational Assignments and Process Integration

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​​.

Financial Closing

When an unplanned depreciation is posted to an asset in SAP S/4HANA, the system immediately updates both the Asset Accounting (FI-AA) and the General Ledger (FI-GL) in real time. This ensures that the financial statements reflect the most accurate and up-to-date information without waiting for any periodic posting programs.

• FI-AA Posting:
• FI-GL Posting:

ReferencesSAP S/4HANA Finance Documentation and Configuration Guides​​​​​​.

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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