C_TS4FI_2023

Main points of SAP C_TS4FI_2023 Test

The SAP C_TS4FI_2023 exam, "SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (C_TS4FI_2023)", focuses on testing your knowledge and skills in financial accounting within SAP S/4HANA. The main points covered in the exam are:

1. Financial Accounting Fundamentals:

• Understanding the core concepts of financial accounting, including chart of accounts, general ledger, and accounting principles.
• Familiarity with SAP S/4HANA's financial accounting module (FI) and its components.
• Knowledge of financial transactions like posting, clearing, and reconciliation.

2. Master Data Management:

• Managing master data related to financial transactions, including general ledger accounts, business partners, banks, and cost centers.
• Understanding data validation rules and maintaining data integrity.

3. Accounts Payable and Receivable:

• Processing vendor invoices and managing accounts payable.
• Creating and managing customer invoices and managing accounts receivable.
• Understanding payment terms, discounts, and tax calculations.

4. Cash Management:

• Managing cash flow and bank reconciliation.
• Understanding bank statements and bank communication.
• Managing liquidity and treasury operations within SAP S/4HANA.

5. Asset Accounting:

• Managing fixed assets and depreciation.
• Understanding asset acquisition and disposal processes.
• Performing asset valuations and reporting.

6. Financial Reporting:

• Understanding financial reporting requirements and generating reports.
• Using different reporting tools available in SAP S/4HANA for FI.
• Analyzing financial data and preparing financial statements.

7. Integration with Other Modules:

• Understanding how financial accounting interacts with other modules in SAP S/4HANA, like Material Management (MM), Sales and Distribution (SD), and Production Planning (PP).
• Understanding the flow of information between modules and its impact on financial accounting.

8. SAP S/4HANA User Interface and Functionality:

• Understanding the SAP S/4HANA user interface and navigating within the FI module.
• Familiarity with various transactions and customizing options available.
• Performing basic tasks like data entry, reporting, and maintenance.

9. Business Processes:

• Understanding the end-to-end business processes related to financial accounting within SAP S/4HANA.
• Analyzing business processes and identifying areas for improvement.
• Recommending solutions based on SAP S/4HANA functionality.

10. Security and Compliance:

• Understanding data security and compliance requirements within SAP S/4HANA.
• Familiarity with user roles and authorization concepts.
• Implementing controls for data integrity and audit trails.

Note: The specific topics and their weighting can vary depending on the exam version. It's essential to refer to the latest official SAP C_TS4FI_2023 exam guide for the definitive content list.