C_TS4FI Financial Accounting Practice Question
During a period-end closing in SAP S/4HANA Financial Accounting, a financial accountant runs the foreign currency valuation (transaction FAGL_FCV) for open items. The valuation is configured to use the average rate for the valuation date. After running the valuation, the accountant notices that some open items were not valuated. What is the most likely reason for this?
⚠ Common exam trap
The trap here is assuming that all open items are automatically valuated, overlooking the need to explicitly include each foreign currency in the valuation method configuration.
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
✓
The valuation method does not include the currency of the open items.
Foreign currency valuation only considers open items in foreign currencies that are included in the valuation method. If a currency is not selected in the valuation method, open items in that currency are ignored. Therefore, the most likely reason is that the valuation method does not include the currency of those open items. Checking and updating the valuation method to include all relevant currencies resolves the issue.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
The open items are already cleared.
Why it's wrong here
If open items are already cleared, they would not appear as open items and thus would not be considered for valuation. However, the scenario states that some open items were not valuated, implying they are still open. Cleared items are not part of the open item selection, so this is not the likely reason for open items being skipped during valuation.
- ✗
The open items are posted in the local currency.
Why it's wrong here
Open items posted in the local currency are not subject to foreign currency valuation because they are already in the company code's local currency. However, the scenario implies that some open items were not valuated, which could include foreign currency items. If all open items were in local currency, none would be valuated, but the question suggests that only some were skipped, indicating a mix of currencies.
- ✗
The valuation date is not within the current fiscal year.
Why it's wrong here
The valuation date must fall within the period being closed, but if it were outside the fiscal year, the system would typically issue an error or not run at all. The scenario states that the valuation was run and some items were not valuated, so the valuation date is likely valid. This is not the primary reason for individual open items being skipped.
- ✓
The valuation method does not include the currency of the open items.
Why this is correct
The valuation method defines which currencies are valuated and the valuation rules. If the currency of the open items is not included in the valuation method, those items will be skipped. This is a common configuration issue. The accountant should check the valuation method assigned to the company code and ensure the foreign currencies are included.
Visual reference
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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
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