Question 1

You define the technical clearing account for Integrated Asset Acquisition in Customizing. Which prerequisites must be met? Note: There are 2 correctanswers to this question

Options :

A : The account is a balance sheet account.

B : The account is defined as open item managed.

C : The account is defined in the account determination for each asset class.

D : The account is defined as a reconciliation account for fixed assets.

Answer: A,D

Question 2

What do you configure for regrouping receivables and payables?

Options :

A : Provision Method

B : Calculation Method

C : Valuation Method

D : Sort Method

Answer: D

Question 3

You perform the depreciation run for your assets. For a specific asset, you would like to post the depreciation costs to a different cost center than the one specified in the asset master data. How do you achieve this?

Options :

A : By changing the corresponding error into a warning via configuration

B : By creating a substitution in Financial Accounting line items

C : By removing the cost center from the asset master data

D : By setting the "identical" parameter as not activated in the account assignment configuration

Answer: B

Question 4

Which object is used to directly support the preparation for consolidation?

Options :

A : Segments/Profit Centers

B : Functional Areas

C : Ledgers/Ledger Groups

D : Company/Trading Partner

Answer: D

Question 5

You are implementing the Financial Closing Cockpit for your organization. What are the advantages of defining task groups? Note: There are 2 correctanswers to this question

Options :

A : It allows cross task list monitoring of task status.

B : It allows cross template maintenance.

C : It covers multiple companies with same or similar tasks.

D : It allows cross task list execution of tasks.

Answer: B,C

Online C_TS4FI_2023 Practice Test - Free Sample Exam Questions

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