SAP C_TS4FI_2023 Dumps

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"​​.

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​​.

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]

Financial Closing

In SAP S/4HANA, currency types are critical as they define the currencies in which transactions and reports are recorded. The default currency types in SAP S/4HANA include:

• 00 = Document currency: This is the currency in which the original transaction is recorded. It is essential for maintaining the accuracy and consistency of transactional data.
• 10 = Company code currency: Also known as the local currency, this is the currency used for the company's internal accounting and financial reporting. Each company code is assigned a specific local currency, ensuring that financial statements are prepared in a standardized manner.

These currency types are foundational in SAP S/4HANA and are automatically included in the system configuration to support various financial operations and reporting needs.

References

• [25:26†SAP 4_HANA FICO.pdf]
• [28:1†1709119988077.pdf]

Organizational Assignments and Process Integration

When assigning newly created company codes to the same controlling area in SAP S/4HANA, it is essential to ensure that certain settings are consistent across all company codes. The required common settings include:

• Fiscal year variant: The fiscal year variant defines the financial periods and special periods used for accounting. Having a common fiscal year variant ensures that all company codes within the same controlling area follow the same financial period structure, facilitating consolidated financial reporting and management.
• Operating chart of accounts: The operating chart of accounts is the primary list of accounts used for financial accounting. It must be uniform across all company codes in the same controlling area to ensure consistent financial data recording and reporting, enabling accurate internal and external financial analysis.

These settings ensure that financial data is harmonized across the company codes, supporting integrated financial management and reporting.

References

• [25:27†Procedimiento Creacion nuevos elementos (Cta,PosLiq,Cege,Fondo,Recurrencia)v2 (1).docx]
• [27:3†MEGA_Manual-de-usuario_Business-Partner_v0.pdf]

General Ledger Accounting

Overview and Deployment of SAP S/4HANA

Financial Closing

In SAP S/4HANA, the following organizational elements can be shared by several company codes, facilitating integrated financial reporting and control:

• Segment:
• Business Area:
• Profit Center:

ReferencesSAP S/4HANA Configuration and Best Practices​​​​​​.

Organizational Assignments and Process Integration

Accounts Payable & Accounts Receivable

In SAP S/4HANA, when running the balance carry forward for a company code, it is crucial that all the necessary year-end activities have been completed to ensure a smooth transition to the new fiscal year. One common cause of errors related to Asset Accounting during this process is the incomplete posting of depreciation. Depreciation must be fully posted for all assets to ensure that the asset values are correctly carried forward.

• Check Depreciation Run:
• Review Depreciation Posting:
• Complete Depreciation Posting:
• Verify Year-End Closing Activities:

By ensuring that depreciation is fully posted, the balance carry forward process can correctly include the depreciation values, thus avoiding errors.

References:

• SAP S/4HANA Configuration Document, page on Depreciation Run.
• SAP FICO - Bank Communications Management​​.

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Accounts Payable & Accounts Receivable

The Universal Journal (table ACDOCA) in SAP S/4HANA consolidates financial and management accounting data into a single line item table, providing a comprehensive and unified source of truth. The following types of line items are recorded in ACDOCA:

• Primary costs resulting from a distribution:
• Secondary costs resulting from an assessment:
• Intercompany postings:

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

Organizational Assignments and Process Integration

• Establish Regular Housekeeping Tasks and Procedures: Regular maintenance and housekeeping are crucial for ensuring that the system remains efficient and free from unnecessary data and obsolete configurations. This involves regular reviews and clean-ups of custom code, configurations, and data to prevent system bloat and performance issues.

• Integrate Clean Core Practices in the End-to-End Value Process Chain: Embedding clean core principles into every step of the value chain ensures that these practices are not just an afterthought but are integral to the entire process. This includes incorporating these principles in project planning, development, testing, and deployment phases.

References

• SAP's guidelines and best practices for maintaining a clean core in SAP S/4HANA Cloud emphasize these points and provide detailed steps and methodologies for implementation​​​​.