Quality C_TS4FI_2021 PDF Dumps - C_TS4FI_2021 Exam Questions
Most UptoDate SAP C_TS4FI_2021 Exam Dumps PDF 2023
SAP C-TS4FI-2021 exam is a valuable certification for financial accounting associates who use SAP S/4HANA for financial accounting. C_TS4FI_2021 exam covers various topics related to financial accounting and SAP S/4HANA functionalities, and passing it requires a thorough understanding of financial accounting processes and the software. Obtaining this certification demonstrates an individual's proficiency in using SAP S/4HANA for financial accounting and can enhance their career opportunities in the field.
NEW QUESTION # 32
What are the characteristics of a company in SAP S/4HANA?
Note: There are 2 correct answers to this questions.
- A. It can be assigned to a company code.
- B. It is considered for consolidation.
- C. It represents separate areas of operation within an organization.
- D. It is responsible for costs and revenues within an organization.
Answer: A,B
NEW QUESTION # 33
Financial Closing
"You must run the foreign currency valuation for both US GAAP and IFRS, which leads to different value for the 2 different accounting principles.
How can you set this up in the system?"
- A. Define two valuation ares and two accounting principles witth relevate links to ledgers.
- B. Define two valuation methods and assign the ledger groups to the new valuation method.
- C. Define two valuation ares and two extension ledgers with relevant links to accounting principles.
- D. Define two valuation methods and assign the accounting principles to the new valuation methods.
Answer: D
NEW QUESTION # 34
Which requirements do you need to fulfill to use data aging for Finance in the SAP S/4HANA system?
Note:There are 2 correct answers to this question.
- A. Archive transactional data no longer legally required
- B. Switch on the data aging business function.
- C. Define the logical file path as a global path for data aging
- D. Add required authorizations for data aging to your role
Answer: A,B
NEW QUESTION # 35
After you collect data in the Inter company Reconciliation tool,what are the next steps of the reconciliation process?
- A. * Post the correct on documents
* Store the data.
* Present reconciled and non-reconciled data
* Communicate differences - B. * Store the data.
* Present reconciled and non-reconciled data
* Post the correct on documents
* Communicate differences. - C. * Present reconciled and non-reconciled data
* Post the correct on documents
* Store the data.
* Communicate differences. - D. * Store the data.
* Present reconciled and non-reconciled data
* Communicate differences.
* Post the correction documents.
Answer: D
NEW QUESTION # 36
General Ledger Accounting
"How does SAP S/4HANA support the treatment of taxes?
Note: There are 3 correct answers to this question."
- A. It adjusts the tax codes and automatically updated the procedure.
- B. It posts the tax amount to tax accounts.
- C. It perform tax adjustments for cash discounts and other forms of deductions.
- D. It checks the tax codes and automatically updates the tax rates based on changes by the tax authorities.
- E. It checks the tax amount entered and automatically calculates the tax.
Answer: B,C,E
NEW QUESTION # 37
Financial Closing
What is the order of configuration within SAP Financial Closing Cockpit?
- A. Create task list, release task list, define dependencies, create template, create tasks
- B. Define dependencies, create template, create tasks, create task list, release task list
- C. Create template, create task list, create tasks, define dependencies, release task list
- D. Create template, create tasks, define depedencies, create task list, release task list
Answer: D
NEW QUESTION # 38
Asset Accounting
"You are configuring asset-related postings of depreciation areas in Asset Accounting for a company code that uses the ledger approach to parallel valuation Which of the following settings would lead to an error?"
- A. Area posts APC immediately, depreciation periodically
- B. Area does not post
- C. Area posts in real time
- D. Area posts depreciation only
Answer: B
NEW QUESTION # 39
Financial Closing
"You forget 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 non-assigned section and is included in the calculation
- B. The balance of the new account is added to the notes in the financial statement item section and is excluded from 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
Answer: B
NEW QUESTION # 40
General Ledger Accounting
"You are getting ready to post your first simple general ledger document using the SAP fiori app for posting in a test environment.
What configuration items do you need to set up to post a simple document?
Note: There are 2 correct answers to this question. "
- A. User must be assined to a tolerance group.
- B. Line item text templates must be maintained.
- C. The posting period variant must be created and assigned.
- D. Number range and document types must be maintained.
Answer: C,D
NEW QUESTION # 41
What area the maintenance levels of a screen layout rule for asset master data?
Note: There are 3 correct answers to this questions.
- A. Group asset
- B. Asset subnumber
- C. Depreciation area
- D. Asset class
- E. Main asset number
Answer: B,D,E
NEW QUESTION # 42
You want to create a substitution in Financial Accounting. Which parts do you have to define for each step of the substitution? Note: There are 2 correct answers to this question.
- A. Prerequisite
- B. Replacement
- C. Message
- D. Check
Answer: A,B
NEW QUESTION # 43
Financial Closing
"What are the features of the Accrual Engine in SAP S/4HANA?
Note: There are 2 correct answers to this question"
- A. Accrual postings with a maximum of two line items are supported
- B. All currencies of the general ledger are supported
- C. The fiscal year variant of the general ledger is supported
- D. All accrual calculations must be reviewed and approved before posting
Answer: B,C
NEW QUESTION # 44
Asset Accounting
How do you identify an asset master record as an asset under construction?
- A. The asset belongs to a specific asset class
- B. The depreciation key is empty
- C. The asset capitalization date is empty
- D. The ordinary depreciation start date is empty
Answer: A
NEW QUESTION # 45
Asset Accounting
"How do you configure depreciation areas in SAP S/4 HANA?
Note: There are 2 correct answers to this question."
- A. Assign each accounting principle to a depreciation area
- B. Assign depreciaton area 01 to the leading ledger
- C. Ensure a ledger group is assigned to each accounting principle
- D. Ensure all depreciation areas always post to the general ledger
Answer: A,D
NEW QUESTION # 46
"Organizational Assignments and Process Integration "
"You assign currency type 40 to your company code in ledger 0L.
Which source currency types can you select?
Note: There are 2 correct answer to this question."
- A. Company code currency
- B. Document currency
- C. Controlling area
- D. Group currency
Answer: A,B
NEW QUESTION # 47
You want to edit a dunning proposal.
Which actions can you perform?
Note: There are 3 correct answers to this questions.
- A. Block an account.
- B. Change a document.
- C. Raise the dunning level of an item.
- D. Block a I ine item.
- E. Lower the dunning level of an item.
Answer: A,D,E
NEW QUESTION # 48
"Organizational Assignments and Process Integration "
"You are running an international business and you want to separate legal entities to run operations and perform accounting activities.
Which organizatinal unit do you need to create for each legal entity?"
- A. Consolidation Unit
- B. Company Code
- C. Business Area
- D. Company
Answer: B
NEW QUESTION # 49
Asset Accounting
What is the difference between the ledger approach and the accounts approach to parallel caluation in Asset Accounting?
Note: There are 1 correct answers to this question.
- A. In the ledger approach, you assign a ledger group to every depreciation area, unlike the account approach.
- B. In the accounts approach, you assign a separate set of accounts for each accounting principle, unlike the ledger approach.
- C. In the leger approach, you maintain additional depreciation areas to post the delta valuation of each accouting principle, unlike the accounts approach.
- D. In the accounts approach, you define a technical clearing account for integrated asset acquisitions, unlike the ledger approach.
Answer: B
NEW QUESTION # 50
General Ledger Accounting
For which account can you perform account clearing in SAP S/4HANA?
- A. For any account that is assigned to a financial statement version
- B. For any balance sheet account managed on a line item basis
- C. For any account that is managed on an open item basis
- D. For any G/L account defined as reconciliation account
Answer: D
NEW QUESTION # 51
"Organizational Assignments and Process Integration "
"Which of the following statements are valid for financial document number ranges?
Note: There are 3 correct answers to this question"
- A. Financial document number ranges are defined at company code level
- B. All financial document number ranges can contain numbers and/or letters
- C. Financial document number ranges defined at client level should NOT overlap
- D. The same financial document number range can be assigned to several document types
- E. Financial document number ranges must be defined for the year in which they are used
Answer: A,B,D
NEW QUESTION # 52
What can you control with the reason code in Accounts Receivable?
Note: There are 3 correct answers to this questions.
- A. The account where a residual item is posted
- B. The type of payment notice sent to a customer
- C. The special G/L indicator for the down payment
- D. The document type of the payment
- E. The exclusion of disputed residual items from credit limit checks
Answer: A,B,E
NEW QUESTION # 53
"Organizational Assignments and Process Integration "
"You want to define a validation for the combination of general ledger account and cost center.
For which call-up point do you define this validation?"
- A. Cost of sales accounting
- B. Complete document
- C. Document line
- D. Document header
Answer: C
NEW QUESTION # 54
What dunning-related data do you maintain on the business partner master record?
Note: There are 2 correct answers to this questions.
- A. Dunning area
- B. Dunning block
- C. Dunning key
- D. Dunning interval
Answer: A,B
NEW QUESTION # 55
Your SAP S4/HANA system is integrated with controlling, You perform cost-of-sales accounting and you profit and loss per profit center.
When posting a supplier invoice to a primary cost account, wich field is mandatory by standard procedures?
- A. Profitability segment
- B. Functional area
- C. Segment
- D. Business area
Answer: D
NEW QUESTION # 56
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