The Best SAP C_TS4FI_2021 Study Guides and Dumps of 2023
Top SAP C_TS4FI_2021 Exam Audio Study Guide! Practice Questions Edition
NEW QUESTION # 33
Overview and Deployment of SAP S/4HANA
"What are some of the benefits of the data handing in SAP S/4HANA?
Note: There are 2 correct answers to this question."
- A. The data is constantly auto archived to optimize memory usege.
- B. The data is aggregated on the fly from any line item table.
- C. The data is available in real time at line item detail.
- D. The data is summarized into higher levels of aggregated to help system performance.
Answer: B,C
NEW QUESTION # 34
What is shared between all deployment options for SAP S/4HANA (Cloud, On-Premise) Note: There are 3 correct answers to this questions.
- A. Code line
- B. Configuration options
- C. Upgrade intervals
- D. Data model
- E. User experience
Answer: A,D,E
NEW QUESTION # 35
Besides using the profit center, which options does General Ledger Accounting with document splitting provide to assign a segment to the posting lines?
Note: There are 2 correct answers to this questions.
- A. Standard account assignment, using constants
- B. Assignment of default segments to G/L accounts
- C. BADI implementation (FAGL_DERIVE_SEGMENT)
- D. Definition of validation rules
Answer: B,C
NEW QUESTION # 36
You must run the foreign currency valuation for both US GAAP and IFRS. which leads to different values for the two different accounting principles.
How can you set this up in the system?
- A. Define two valuation methods and assign the accounting principles to the new valuation methods
- B. Define two valuation methods and assign the ledger groups to the new valuation methods
- C. Define two valuation area and assign and two accounting principles with relevant links to ledgers
- D. Define two valuation area and assign and two extension ledgers with relevant links to accounting principles
Answer: A
NEW QUESTION # 37
General Ledger Accounting
"What are the characteristics of a company in SAP S/4HANA?
Note: There are 2 correct answers to this question."
- A. It is responsible for costs and revenues within an organization.
- B. It is considered for consolidation.
- C. It can be assigned to a company code.
- D. It represents separate areas of operation within an organization.
Answer: B,C
NEW QUESTION # 38
What difference between the ledger approach and the accounts approach to parallel valuation in Asset Accounting?
- A. Unlike the ledger approach in the accounts approach, you maintain additional depreciation areas to post the delta valuation of each accounting principle
- B. Unlike the ledger approach in the accounts approach, you define a technical clearing account for integrated asset ^ acquisitions
- C. Unlike the ledger approach in the accounts approach, you assign a ledger group to every depreciation area
- D. Unlike the ledger approach in the accounts approach, you assign a separate set of accounts for each accounting principle
Answer: D
NEW QUESTION # 39
Which steps are required to create a substitution in Financial Accounting?
Note: There are 3 correct answers to this questions.
- A. Specify an authorization group.
- B. Select Activation Level 2.
- C. Select the correct call-up point.
- D. Assign the substitution rule to the controlling area.
- E. Define the substitution rule with its different steps using the formula editor.
Answer: A,B,E
NEW QUESTION # 40
What are the characteristics of a company in SAP S/4HANA?
Note: There are 2 correct answers to this questions.
- A. It is responsible for costs and revenues within an organization.
- B. It is considered for consolidation.
- C. It can be assigned to a company code.
- D. It represents separate areas of operation within an organization.
Answer: B,C
NEW QUESTION # 41
General Ledger Accounting
What does the document splitting functionality do?
- A. It enables the automatic creation of an additional posting document in case the original document contains more than 999 line items.
- B. It enriches all customer and vendor line items with the defined splitting characteristics in the relevant subledgers.
- C. It enables the automatic create of additional posting documents for each defined spliiting charecteristic.
- D. It enriches all relevant balance sheet account lines with the defined splitting characteristics.
Answer: D
NEW QUESTION # 42
Which date is used to determine the depreciation star date?
- A. Baseline date
- B. Asset value date
- C. Posting date
- D. Acquisition date
Answer: B
NEW QUESTION # 43
In your SAP S4/HANA system, you report financial values for two separate accounting principles. You post an acquisition for an asset that is capitalized in a single accounting principle.
If you use the application to post integrated asset acquisitions, how many documents will the system post?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: D
NEW QUESTION # 44
What is the purpose of the chart of depreciation?
- A. The chart of depreciation manages country-specific legal valuation of fixed assets
- B. The chart of depreciation substitutes the operational chart of accounts in asset-related postings.
- C. The chart of depreciation defines the asset classes for which you can create fixed assets
- D. The chart of depreciation is a reporting tool that structures your assets for hierarchical reporting.
Answer: A
NEW QUESTION # 45
"Organizational Assignments and Process Integration "
What is the recommended organizational unit for cost of sales accounting?
- A. Controlling area
- B. Functional Area
- C. Profit center
- D. Profitability Segment
Answer: B
NEW QUESTION # 46
"Organizational Assignments and Process Integration "
"You want to create substitution in Financial Accounting.
Which partsdo you have to define for each step of the substitution?
Note: There are 2 correcanswers to this question."
- A. Prerequisite statement
- B. Callup point
- C. Check statement
- D. Substitution values
Answer: A,D
NEW QUESTION # 47
Financial Closing
"Which closing activities are performed for external reporting as per SAP best practices?
Note: There are 2 correct answers to this question."
- A. Update product cost estimates with standard prices.
- B. Perform valuations of open items in foreigh currency.
- C. Run pla assessment cycles for profit centers.
- D. Regroup receivables and payables on the balance sheet.
Answer: B,D
NEW QUESTION # 48
Which of the following closing activities is a so-called technical closing step?
- A. Process purchase order accruals
- B. Perform asset depreciation run
- C. Perform valuations of open items in foreign currency
- D. Close the previous period in Material Management (MM)
Answer: D
NEW QUESTION # 49
Financial Closing
"You post a purchase order
For which expenses does the system calculate accruals?
Note: There are 2 correct answers to this question"
- A. Raw material purchases
- B. Consulting services
- C. Fixed Asset purchases
- D. Insurance premiums
Answer: A,C
NEW QUESTION # 50
What are the features of the Accrual Engine in SAP S/4HANA?
Note: There are 2 correct answers to this questions.
- A. Accrual postings with a maximum of two line items are supported.
- B. All accrual calculations must be reviewed and approved before posting.
- C. The fiscal year variant of the general ledger is supported.
- D. All currencies of the general ledger are supported.
Answer: C,D
NEW QUESTION # 51
How does the system determine the correspondence type of a payment notice?
- A. According to the tolerance group, as long as all tolerance groups carry the same correspondence type
- B. According to the reason code, as long as all tolerance groups carry the same correspondence type
- C. According to the reason code, as all reason codes carry the same correspondence type
- D. According to the tolerance group, as all reason codes carry the same correspondence type
Answer: B
NEW QUESTION # 52
Accounts Payable and Accounts Receivable
You want to edit a dunning proposal. Which actions can you perform to edit a dunning proposal? (3 correct answers)
- A. Block an account
- B. Lower the dunning level of an item
- C. Block a line item
- D. Change a document
- E. Raise the dunning level of an account
Answer: A,B,C
NEW QUESTION # 53
How does SAP S4/HANA support the treatment of taxes?
Note: There are 3 correct answers to this questions.
- A. It checks the tax amount entered and automatically calculates the tax
- B. It performs tax adjustments for cash discounts and other forms of deductions
- C. It adjust the tax codes and automatically updates the procedure
- D. It post the tax amount to tax accounts
- E. It checks the tax codes and automatically updates the taxes based on changes by tax authorities
Answer: A,B,D
NEW QUESTION # 54
After you collect data in the Inter company Reconciliation tool,what are the next steps of the reconciliation process?
- A. * Present reconciled and non-reconciled data
* Post the correct on documents
* Store the data.
* Communicate differences. - B. * Post the correct on documents
* Store the data.
* Present reconciled and non-reconciled data
* Communicate differences - C. * Store the data.
* Present reconciled and non-reconciled data
* Communicate differences.
* Post the correction documents. - D. * Store the data.
* Present reconciled and non-reconciled data
* Post the correct on documents
* Communicate differences.
Answer: C
NEW QUESTION # 55
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SAP C_TS4FI_2021 certification exam is an excellent opportunity for financial accounting professionals who work with SAP S/4HANA to validate their knowledge and skills. It is a challenging exam that requires preparation and dedication, but it is worth the effort. Passing the exam can open up new career opportunities and help individuals advance their careers in financial accounting.
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