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Exam C_TS4FI_2020 All Questions

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Exam C_TS4FI_2020 topic 1 question 4 discussion

Actual exam question from SAP's C_TS4FI_2020
Question #: 4
Topic #: 1
[All C_TS4FI_2020 Questions]

You forgot to add a new general ledger account to the financial statement version.
What impact does this have on the net profit and net loss?

  • A. The balance of the new account is added to the notes in the financial statement item section and is excluded from the calculation.
  • B. The balance of the new account is added to the non-assigned section and is included in the calculation.
  • C. The balance of the new account is added to the non-assigned section and is excluded from the calculation.
  • D. The balance of the new account is added to the notes in the financial statement item section and is included in the calculation.
Show Suggested Answer Hide Answer
Suggested Answer: B 🗳️

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Khotso007
2 weeks ago
Selected Answer: C
The accounts assigned to the Financial Statement Notes or Not Assigned nodes are not considered in calculating balance sheet or P&L results. They are listed in the Notes and Unassigned Accounts sections respectively in Balance Sheet/Income Statement.
upvoted 1 times
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arcturus2025
2 weeks, 6 days ago
The balance of the new account is added to the non-assigned section and is excluded from the calculation. ● When you create a financial statement version in SAP S/4HANA, you assign general ledger accounts to specific items in the hierarchy. ● Any account not assigned to a specific item in the financial statement version falls under the "Not Assigned" category. ● The "Not Assigned" section acts as a catch-all for accounts that haven't been specifically mapped to other sections in the financial statement. ● While these accounts might appear in the financial statement output, they are not included in the calculations for subtotals, including the net profit or loss. Example: Imagine a new general ledger account for "Interest Income." If you forget to add it to the relevant section (likely "Revenues" or a similar category), the balance of this account will appear in the "Not Assigned" section. Consequently, the interest income won't be factored into the calculation of the net profit.
upvoted 1 times
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Kolas
11 months, 2 weeks ago
Answer would be C
upvoted 1 times
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rencarrao
1 year, 1 month ago
the correct answer is C
upvoted 2 times
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Yazomoto
1 year, 1 month ago
"The accounts assigned to the Financial Statement Notes or Not Assigned nodes are not considered in calculating balance sheet or P&L results. They are listed in the Notes and Unassigned Accounts sections respectively in Balance Sheet/Income Statement." https://help.sap.com/docs/SAP_S4HANA_ON-PREMISE/651d8af3ea974ad1a4d74449122c620e/5952d7531a4d424de10000000a174cb4.html?version=2021.000
upvoted 1 times
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tailee03
1 year, 7 months ago
i think c is the correct
upvoted 4 times
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ShwetaL
1 year, 8 months ago
Answer should be C.
upvoted 4 times
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