C_TS4FI Financial Accounting Practice Question
A financial accountant is setting up a new company code in SAP S/4HANA. The company code will use the chart of accounts 'INT' and will post in USD. The accountant needs to configure the fiscal year variant and posting period variant. Which two settings must be defined for the fiscal year variant? (Choose two.)
⚠ Common exam trap
The trap here is mixing up the fiscal year variant with the posting period variant, assuming that period control settings belong to the fiscal year variant.
Answer choices
Why each option matters
Answer the question above first, then reveal the full breakdown to understand why each option is right or wrong.
Correct answer & explanation
✓
Number of posting periods
A fiscal year variant requires the number of posting periods and the start and end dates of the fiscal year. These settings define the period structure and calendar boundaries for financial reporting. The posting period variant, exchange rate type, and field status group are separate configurations not part of the fiscal year variant.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
Field status group for posting keys
Why it's wrong here
The field status group is assigned to G/L accounts via the account group and controls which fields are required during posting. It is not part of the fiscal year variant. The fiscal year variant deals with period and year definitions, not field status. This setting is unrelated to fiscal year configuration.
- ✗
Exchange rate type for currency translation
Why it's wrong here
The exchange rate type is used for currency translation and is defined in currency configuration, not in the fiscal year variant. While it is important for foreign currency postings, it is not a setting within the fiscal year variant. The fiscal year variant focuses on period definitions, not currency conversion.
- ✓
Number of posting periods
Why this is correct
The fiscal year variant defines the number of posting periods, which can be 12 or more (e.g., 12 normal periods plus special periods). This setting determines how many periods are available for posting in a fiscal year. It is essential for controlling the posting periods and is a fundamental part of the fiscal year variant configuration.
- ✗
Posting period variant assignment to company code
Why it's wrong here
The posting period variant is separate from the fiscal year variant. While both are assigned to the company code, the posting period variant controls which periods are open for posting for specific account types. It is not a setting within the fiscal year variant. The fiscal year variant defines the periods, but not their open/close status.
- ✓
Start and end date of the fiscal year
Why this is correct
The fiscal year variant also defines the start and end dates of the fiscal year, which can be calendar-year-based or non-calendar (e.g., April to March). This determines the period boundaries and is crucial for period control and reporting. Both the number of periods and the year dates are mandatory settings for a fiscal year variant.
About these practice questions
This C_TS4FI question is part of Courseiva's 207-question bank — original exam-style content with full explanations and wrong-answer analysis, never real exam questions or exam dumps. Learn why practice questions differ from exam dumps →
JA
Written and reviewed by Johnson Ajibi, MSc IT Security
Senior Network & Security Engineer · founder of Courseiva
Last reviewed September 2026 · checked against the official SAP exam blueprint
This C_TS4FI practice question is part of Courseiva's free SAP certification practice question bank. Courseiva provides original exam-style practice questions with explanations, topic-based practice, mock exams, readiness tracking, and study analytics to help learners prepare for the C_TS4FI exam.