Preface

15

Target Audience

15

Structure of This Book

15

Practice Questions

18

Summary

18

Introduction: The Path to Certification

19

Who This Book Is For

20

Certifications for SAP Financials in SAP S/4HANA

21

Useful SAP S/4HANA Certifications Overview

21

C_TS4FI_2020 Certification

24

SAP Training and Adoption Courses

27

Ways to Learn

29

Advice for Taking the Certification Exam

32

Realign Your Perspective

32

What to Expect When Taking the Exam

33

Tips and Tricks

35

Additional Learning Resources

36

Stay-Current Materials

37

SAP Best Practices Explorer

38

SAP Help Portal

38

SAP Product Assistance

40

SAP User Enablement Videos

40

SAP Fiori Apps Reference Library

41

SAP Community

42

openSAP

42

Summary

43

1 Overview and Deployment of SAP S/4HANA

45

1.1 Objectives of This Portion of the Test

46

1.2 Digital Transformation

47

1.3 Intelligent Enterprise Framework

47

1.3.1 SAP HANA Architecture

48

1.3.2 Technology Enablers for Success with SAP HANA

49

1.4 SAP S/4HANA

50

1.4.1 SAP S/4HANA Deployment Options

52

1.4.2 SAP S/4HANA Adoption

53

1.4.3 SAP S/4HANA System Landscape

54

1.5 SAP Fiori User Interface

54

1.5.1 SAP Fiori User Experience Paradigm

55

1.5.2 SAP Fiori for SAP S/4HANA

55

1.5.3 SAP Fiori Launchpad

58

1.5.4 SAP Fiori Launchpad Designer

64

1.6 Important Terminology

66

1.7 Practice Questions

67

1.8 Practice Question Answers and Explanations

71

1.9 Test Takeaway

73

1.10 Summary

74

2 General Ledger Accounting

75

2.1 Objectives of This Portion of the Test

76

2.2 Organizational Units

77

2.2.1 Client

77

2.2.2 Company Code

80

2.2.3 Company

84

2.2.4 Profit Center

86

2.2.5 Segment

87

2.2.6 Functional Area

88

2.2.7 Business Area

89

2.3 Integration with Non-Financial Accounting Organizational Units

89

2.3.1 Integration with Controlling

90

2.3.2 Integration with Logistics

91

2.3.3 Integration with SAP ERP Human Capital Management

92

2.4 Master Records

92

2.4.1 Chart of Accounts

92

2.4.2 Creating a Chart of Accounts

93

2.4.3 Account Groups

94

2.4.4 Maintaining General Ledger Accounts

96

2.4.5 Primary Cost and Revenue Accounts and Secondary Cost Accounts

100

2.4.6 Profit Centers

101

2.5 Global Financial Accounting Configuration

104

2.5.1 Parallel Accounting

104

2.5.2 Configuring Ledgers

105

2.5.3 Deactivating Ledgers

107

2.5.4 Ledger Group Definition

108

2.5.5 Extension Ledgers

109

2.5.6 Accounts Approach

111

2.5.7 Accounting Principles

112

2.5.8 Fiscal Year Variant

113

2.5.9 Integration of Controlling with the General Ledger

115

2.5.10 Currencies

115

2.5.11 Document Types and Number Ranges

118

2.5.12 Posting Keys

120

2.5.13 Tolerance Groups

122

2.5.14 Tax Handling

123

2.5.15 Analyzing Document Splitting

127

2.5.16 Document Splitting Characteristics

130

2.5.17 Document Splitting Steps

131

2.6 Business Transactions in the General Ledger

133

2.6.1 Posting General Ledger Documents

133

2.6.2 Changing Documents

137

2.6.3 Reversing Documents

138

2.6.4 Cross-Company-Code Postings

141

2.6.5 Financial Document Clearing

142

2.6.6 Default Values for Data Entry

143

2.6.7 General Ledger Overview

144

2.7 Important Terminology

144

2.8 Practice Questions

146

2.9 Practice Question Answers and Explanations

153

2.10 Test Takeaway

159

2.11 Summary

159

3 Accounts Payable and Accounts Receivable

161

3.1 Objectives of This Portion of the Test

162

3.2 Business Partners

163

3.2.1 Categories

163

3.2.2 Business Partner Roles

164

3.2.3 Role Grouping

165

3.2.4 Number Range Definition

166

3.2.5 Business Partner Types

167

3.2.6 Business Partner Field Attributes

167

3.2.7 Customer and Supplier Account Groups

169

3.2.8 Account Group Details

170

3.2.9 One-Time Accounts and Normal Accounts

172

3.2.10 General Data

174

3.3 Payment Terms

182

3.3.1 Payment Term Definition

182

3.3.2 Installment Payments

185

3.3.3 Payment Block Reasons

186

3.3.4 Customer/Supplier Tolerance

187

3.4 Invoicing

188

3.5 Manual Payments

195

3.5.1 Posting on Account

196

3.5.2 Foreign Currency

197

3.6 Automatic Payments

198

3.6.1 Customizing the Payment Program

198

3.6.2 Company Codes

199

3.6.3 Customization

201

3.6.4 Country Level

202

3.6.5 Payment Medium Workbench

205

3.6.6 Automatic Payment Run

209

3.6.7 Payment Selection Parameters

209

3.6.8 Review

211

3.6.9 Payment Run

213

3.6.10 Payment Media Creation

214

3.7 Dunning

215

3.7.1 Define Dunning Areas

216

3.7.2 Define Dunning Keys

216

3.7.3 Define Dunning Block Reason

217

3.7.4 Dunning Procedures

217

3.7.5 Dunning Level Maintenance

219

3.7.6 Dunning Text Maintenance

221

3.7.7 Dunning Charges

221

3.7.8 Special General Ledger Indicators

223

3.7.9 Company Code Settings

223

3.7.10 Dunning Groupings

224

3.7.11 Dunning Details

225

3.7.12 Dunning Run

226

3.8 Correspondence

227

3.8.1 Correspondence Types

227

3.8.2 Payment Differences

229

3.8.3 Printing Correspondence

230

3.9 Special General Ledger Accounting

230

3.9.1 Configuring Special General Ledger Indicators

232

3.9.2 Down Payments and Down Payment Requests

234

3.9.3 Posting to Different Reconciliation Accounts

235

3.10 Reporting

237

3.11 Important Terminology

241

3.12 Practice Questions

243

3.13 Practice Question Answers and Explanations

249

3.14 Test Takeaway

254

3.15 Summary

255

4 Asset Accounting

257

4.1 Objectives of This Portion of the Test

258

4.2 Fixed Asset Accounting

259

4.3 Chart of Depreciation

260

4.4 Depreciation Areas

261

4.4.1 Configuration

262

4.4.2 Derived Depreciation Areas

264

4.5 Asset Class

264

4.6 Account Determination

266

4.7 Screen Layouts

268

4.8 User-Defined Fields

270

4.9 Asset Master Data

271

4.10 Integration with Plant Maintenance

272

4.11 Asset Transaction Types

273

4.12 Asset Acquisitions

274

4.12.1 Acquisition with Automatic Offsetting

275

4.12.2 Acquisition Integrated with Accounts Payable

277

4.12.3 Asset Acquisition with Purchase Order Integrated with Materials Management

278

4.12.4 Gross and Net Document Types

280

4.13 Asset Retirements

282

4.13.1 Posting an Asset Sale Invoice

282

4.13.2 Creating Asset Retirement

283

4.13.3 Asset Sale Line Items

283

4.13.4 Retirements Worklist

284

4.14 Asset Transfers

285

4.14.1 Intracompany Transfers

285

4.14.2 Intercompany Transfer

286

4.14.3 Transfer Methods

287

4.15 Low-Value Assets

288

4.16 Assets Under Construction

289

4.17 Investment Support Measures

291

4.18 Asset Depreciation

293

4.18.1 Calculation of Depreciation

293

4.18.2 Time-Dependent Depreciation Definitions

294

4.18.3 Depreciation Posting Run

296

4.19 Asset Year-End Process

297

4.20 Asset Reporting

299

4.20.1 Asset Accounting Overview

299

4.20.2 Asset Value Report

301

4.20.3 Manage Fixed Assets

301

4.20.4 Asset Balances Report

302

4.20.5 Asset History Sheet

303

4.21 Asset Legacy Data Transfer

304

4.21.1 Migration Preparation Customizing

304

4.21.2 Performing Manual Data Migration

305

4.21.3 Performing Data Migration with the Migration Cockpit

306

4.22 Important Terminology

308

4.23 Practice Questions

310

4.24 Practice Question Answers and Explanations

314

4.25 Test Takeaway

318

4.26 Summary

319

5 Financial Closing

321

5.1 Objectives of This Portion of the Test

322

5.2 Financial Statement Version

323

5.2.1 Definitions for the Financial Statement

323

5.2.2 Financial Statement Version Item Hierarchy

324

5.2.3 Financial Statement Item Definition

325

5.2.4 Account Assignment

327

5.2.5 Global Accounting Hierarchy for Financial Statement Version Maintenance

328

5.2.6 Financial Statement Output with SAP Fiori

330

5.2.7 Financial Statement Report with ABAP

332

5.2.8 Output of Ledger Comparison Report

333

5.3 General Ledger Closing

334

5.3.1 Posting Periods

335

5.3.2 Balance Carryforward

337

5.3.3 Auditing

338

5.4 Accruals and Deferrals

340

5.4.1 Accrual/Deferral Journal Entry

341

5.4.2 Recurring Journal Entry

342

5.5 Accruals Management

343

5.5.1 Manual Accruals Process

343

5.5.2 Manual Accruals Configuration

345

5.5.3 Purchase Order Accruals Process

348

5.6 Closing Activities in Receivables and Payables

350

5.6.1 Balance Confirmation

350

5.6.2 Foreign Currency Valuation

352

5.6.3 Value Adjustments

357

5.6.4 Accounts Payable/Accounts Receivable Regrouping

359

5.7 Closing Activities in Materials Management

361

5.7.1 Physical Inventory

361

5.7.2 Goods Receipt/Invoice Receipt Account Clearing

362

5.7.3 Stock Valuation

366

5.8 SAP S/4HANA Financial Closing Cockpit

367

5.8.1 Task Templates

368

5.8.2 Task List

370

5.8.3 Dependency Configuration

370

5.9 Methods for Intercompany Matching and Reconciliation

371

5.10 Important Terminology

373

5.11 Practice Questions

375

5.12 Practice Question Answers and Explanations

380

5.13 Test Takeaway

382

5.14 Summary

383

6 Organizational Assignments and Process Integration

385

6.1 Objectives of This Portion of the Test

387

6.2 Bank Account Management

387

6.2.1 Bank Directory

388

6.2.2 House Bank

389

6.2.3 Bank Account Creation

390

6.3 Document Parking

392

6.3.1 Overview of Document Parking

393

6.3.2 Document Parking Workflow Customizing

394

6.3.3 Document Parking with Workflow

398

6.4 Journal Entry Verification

402

6.4.1 Verification Process

403

6.4.2 Workflow Configuration

404

6.5 Validations and Substitutions

407

6.5.1 Overview of Validations and Substitutions

407

6.5.2 Substitution Definition

410

6.5.3 Validation Definition

414

6.5.4 Sets Definition

416

6.5.5 Rules Definition

418

6.6 Data Archiving

418

6.6.1 General Customizing for Data Archiving

419

6.6.2 Object-Specific Customizing for Data Archiving

420

6.6.3 Performing Data Archiving: General Ledger Account Example

421

6.7 Data Aging

425

6.7.1 Data Aging Customizing

426

6.7.2 Data Aging Run

428

6.8 Important Terminology

429

6.9 Practice Questions

432

6.10 Practice Question Answers and Explanations

436

6.11 Test Takeaway

439

6.12 Summary

439