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SAP Exam C_TS4FI_2021 Topic 7 Question 37 Discussion

Actual exam question for SAP's C_TS4FI_2021 exam
Question #: 37
Topic #: 7
[All C_TS4FI_2021 Questions]

The country that your company code operates in has defined a new VAT tax rate percentage of 15%, which will become effective at the star of the next fiscal year. You create the new VAT codes 05 and 15 to cover this requirement.

How can you ensure that users use the new tax codes when entering tax relevant documents starting next year?

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Suggested Answer: A, B

by Herminia at Dec 23, 2023, 12:27 AM

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Amie
3 months ago
Personally, I'd go with C. A substitution is a nice middle ground - users don't have to remember the new codes, but you still maintain control over the data.
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Coral
2 months ago
Yeah, C seems like the most efficient way to ensure compliance with the new tax rates.
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Sage
2 months ago
I agree, a substitution would make it easier for users to adapt to the new tax codes.
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Cristal
2 months ago
I think C is a good option too. It's a nice balance between control and user convenience.
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Kathrine
3 months ago
Who needs validation when you can just make the new codes mandatory? *laughs* But seriously, D is the most robust solution.
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Yolando
2 months ago
User 3: I think having both mandatory new codes and a validation would be the best approach.
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Miesha
3 months ago
User 2: Miesha is right, but having a validation as a backup plan wouldn't hurt.
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Soledad
3 months ago
User 1: I agree, making the new codes mandatory would be the easiest way to ensure compliance.
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Leontine
4 months ago
I agree, a validation error is the best approach. It'll ensure users don't accidentally use the old codes, and it's more user-friendly than just defaulting to the new ones.
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Brittney
2 months ago
D) Create a validation that issues an error when the user uses a deprecated VAT code when entering documents with posting data in the new year
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Filiberto
3 months ago
C) Create a substitution that changes the deprecated VAT code to the relevant new one when entering documents with posting data in the new year
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Mila
3 months ago
A) Enter the new tax codes as default for users who have authorization to post general ledger transactions after balance carry forward is done
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Selene
4 months ago
Option D seems like the way to go. Catching any deprecated VAT codes before they're posted is crucial to avoid issues down the line.
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Ty
2 months ago
D) Create a validation that issues an error when the user uses a deprecated VAT code when entering documents with posting data in the new year
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Janae
2 months ago
C) Create a substitution that changes the deprecated VAT code when relevant new one when entering documents with posting data in the new year
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Willodean
3 months ago
B) Enter the appropriate new VAT code in the tax category field of the relevant expense and revenue G/L accounts after balance carry forward is done
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Josphine
3 months ago
A) Enter the new tax codes as default for users who have authorization to post general ledger transactions after balance carry forward is done
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Cherri
4 months ago
I prefer option D, creating a validation to catch any deprecated VAT codes being used.
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Earlean
4 months ago
I agree with Georgene, setting the new tax codes as default for authorized users makes sense.
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Georgene
4 months ago
I think option A is the best way to ensure users use the new tax codes.
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Dwight
4 months ago
I prefer option C, creating a substitution to change the deprecated VAT code seems more efficient to me.
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Dan
4 months ago
I agree with Cecilia, setting the new tax codes as default for authorized users makes sense.
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Cecilia
4 months ago
I think option A is the best way to ensure users use the new tax codes.
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