C_TS4FI_2023 SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Free Practice Exam Questions (2025 Updated)

Comprehensive Detailed Explanation with all SAP S/4HANA Cloud References

When you activate the WBS Element (not related to Investment Management) as an account assignment object in Asset Accounting (FI-AA) with the parameters "balance sheet" and "identical" , it has specific implications for how the WBS Element behaves in asset accounting. Let’s analyze each option to determine the correct answers.

Explanation of Each Option:

A. The WBS Element is available for input in the asset master record.

Correct : When the WBS Element is activated as an account assignment object in Asset Accounting, it becomes available for input in the asset master record. This allows you to assign a WBS Element to an asset for cost tracking and reporting purposes.

Reference : According to SAP documentation, activating the WBS Element as an account assignment object makes it accessible in the asset master record for balance sheet-related assets.

C. The WBS Element can no longer be changed in the asset master record once the asset is capitalized.

Correct : Once an asset is capitalized (i.e., when the first acquisition or production cost posting occurs), the WBS Element in the asset master record becomes locked and cannot be changed. This ensures consistency in financial reporting and prevents discrepancies in cost assignments after capitalization.

Reference : SAP enforces this restriction to maintain the integrity of financial data and ensure that the WBS Element remains consistent throughout the asset's lifecycle.

B. The WBS Element from the asset master data can be changed during planned depreciation posting.

Incorrect : The WBS Element in the asset master record cannot be changed after the asset is capitalized, even during planned depreciation postings. Once the asset is capitalized, the WBS Element is fixed and cannot be modified.

Reference : SAP documentation confirms that changes to the WBS Element are restricted after capitalization to ensure accurate and consistent reporting.

D. The WBS Element cannot be used anymore for settlement.

Incorrect : The WBS Element can still be used for settlement purposes, provided it is not locked or restricted by other configurations. Activating the WBS Element as an account assignment object does not inherently prevent its use in settlement processes.

Reference : The WBS Element remains functional for settlement unless explicitly restricted by additional settings in Project System (PS) or Asset Accounting (FI-AA).

Key References to SAP S/4HANA Documentation:

SAP S/4HANA Finance for Asset Accounting (FI-AA) : Explains the activation and behavior of WBS Elements as account assignment objects in Asset Accounting.

SAP Help Portal - Account Assignment Objects in FI-AA : Provides detailed guidance on how WBS Elements interact with asset master records and their restrictions after capitalization.

Asset Master Record Configuration : Describes the impact of activating WBS Elements with parameters like "balance sheet" and "identical."

Integration of PS and FI-AA : Highlights the role of WBS Elements in settlement and cost tracking.

In SAP S/4HANA, the Intercompany Matching and Reconciliation tool is used to identify, match, and reconcile intercompany transactions across different company codes or legal entities within a corporate group. The results of the matching process are stored in a specific table designed for this purpose. Let’s analyze each option to determine the correct answer.

Explanation of Each Option:

D. In an application specific table (ICADOCM)

Correct : The matching results from the Intercompany Matching and Reconciliation tool are stored in the ICADOCM table. This table is specifically designed to hold the results of intercompany reconciliation, including matched and unmatched transactions, discrepancies, and reconciliation statuses. It serves as the primary source for reviewing and analyzing the outcomes of the matching process.

Reference : According to SAP documentation, the ICADOCM table is the designated location for storing intercompany matching results in SAP S/4HANA.

A. In the Consolidation Journal table (ACDOCU)

Incorrect : The ACDOCU table is used for consolidation-related data, such as adjustments and eliminations during the consolidation process. It is not related to intercompany matching and reconciliation, which focuses on reconciling intercompany transactions at the transactional level.

Reference : ACDOCU is part of the consolidation functionality and does not store intercompany matching results.

B. In the Universal Journal table (ACDOCA)

Incorrect : The ACDOCA table is the Universal Journal, which stores all financial and controlling transactions in SAP S/4HANA. While intercompany transactions are recorded in ACDOCA, the matching results from the Intercompany Matching and Reconciliation tool are not stored here. Instead, they are stored in the ICADOCM table.

Reference : ACDOCA contains transactional data but does not include reconciliation-specific information like matching results.

C. In the Accounting Document Segment table (BSEG)

Incorrect : The BSEG table was used in older SAP systems (e.g., SAP ECC) to store line-item details of financial documents. In SAP S/4HANA, this table has been replaced by the Universal Journal (ACDOCA). Even in older systems, BSEG did not store intercompany matching results, as it only contained transactional data.

Reference : BSEG is obsolete in SAP S/4HANA and does not play a role in intercompany reconciliation.

Key References to SAP S/4HANA Documentation:

SAP S/4HANA Finance for Intercompany Reconciliation : Explains the functionality of the Intercompany Matching and Reconciliation tool and where the results are stored.

SAP Help Portal - Intercompany Matching and Reconciliation : Provides detailed guidance on the ICADOCM table and its role in storing matching results.

Universal Journal (ACDOCA) : Highlights that ACDOCA stores transactional data but not reconciliation-specific information.

Consolidation Journal (ACDOCU) : Describes the use of ACDOCU for consolidation adjustments, not intercompany reconciliation.

Comprehensive Detailed Explanation with all SAP S/4HANA Cloud References

In SAP S/4HANA, when using parallel currencies , the system ensures that all financial transactions, including depreciation postings, are updated in real time in the General Ledger (G/L). This is made possible by the Universal Journal (ACDOCA) , which integrates Asset Accounting (FI-AA) and Financial Accounting (FI-GL). Let’s analyze each option to determine the correct answer.

Explanation of Each Option:

B. Posts to G/L in real time

Correct : In SAP S/4HANA, the depreciation area for parallel currencies posts to the G/L in real time. This is because the Universal Journal ensures that all asset-related postings, including those in parallel currencies, are immediately reflected in the General Ledger. There is no delay or need for periodic updates.

Reference : According to SAP documentation, the Universal Journal integrates FI-AA and FI-GL, ensuring that all postings, including those for parallel currencies, occur in real time.

A. Does not post to G/L

Incorrect : This option suggests that the depreciation area for parallel currencies does not update the G/L. However, in SAP S/4HANA, all depreciation areas, including those for parallel currencies, must post to the G/L to ensure accurate financial reporting.

Reference : The Universal Journal mandates real-time posting for all financial transactions, eliminating the possibility of non-posting scenarios.

C. Posts APC real time and depreciation periodically

Incorrect : This option describes a scenario from older SAP systems (e.g., SAP ECC) where periodic batch jobs were required to update depreciation postings. However, in SAP S/4HANA, both Acquisition and Production Costs (APC) and depreciation are posted to the G/L in real time due to the Universal Journal.

Reference : SAP S/4HANA’s real-time architecture ensures that all asset-related postings, including APC and depreciation, are updated instantly.

D. Posts to G/L periodically

Incorrect : This option assumes that periodic batch processing is required to update the G/L for parallel currency depreciation. In SAP S/4HANA, all postings, including those for parallel currencies, occur in real time. Periodic processing is no longer necessary due to the Universal Journal.

Reference : The Universal Journal eliminates the need for periodic batch jobs by ensuring real-time integration between FI-AA and FI-GL.

Key References to SAP S/4HANA Documentation:

SAP S/4HANA Finance for Asset Accounting (FI-AA) : Explains how parallel currencies are handled in depreciation areas and their integration with the Universal Journal.

SAP Help Portal - Universal Journal (ACDOCA) : Provides detailed guidance on how the Universal Journal ensures real-time updates across FI-AA and FI-GL.

Depreciation Processes in SAP S/4HANA : Highlights the real-time nature of depreciation postings, including those for parallel currencies.

Integration of FI-AA and FI-GL : Describes how the Universal Journal eliminates the need for periodic batch processing in SAP S/4HANA.