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SAP C_TS4FI_2021 PDF Questions - Exceptional Practice To SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021)
C_TS4FI_2021 Exam Certification Details:
| Exam: | 80 questions |
| Sample Questions: | SAP C_TS4FI_2021 Exam Sample Question |
| Duration: | 180 mins |
NEW QUESTION 25
Financial Closing
What is the order of configuration within SAP Financial Closing Cockpit?
- A. Define dependencies, create template, create tasks, create task list, release task list
- B. Create template, create task list, create tasks, define dependencies, release task list
- C. Create task list, release task list, define dependencies, create template, create tasks
- D. Create template, create tasks, define depedencies, create task list, release task list
Answer: D
NEW QUESTION 26
Asset Accounting
"Which of the following are valid settlement receivers when you perform settlement for an asset under construction on a line Item basis?
Note: There are 2 correct answers to this question."
- A. Functional area
- B. Profit center
- C. Fixed asset
- D. Cost center
Answer: C,D
NEW QUESTION 27
Asset Accounting
Which date is used to determine the depreciation start date?
- A. Posting date
- B. Baseline date
- C. Document date
- D. Asset value date
Answer: D
NEW QUESTION 28
General Ledger Accounting
"Which prerequisites must be fulfilled to allow fot negative posting of journal entry?
Note: There are 2 correct answers to this question"
- A. The reversal reason must be configured to allow nagative postings.
- B. The reversal acccount must be configured to allow nagative postings.
- C. The posting key must allow nagative postings.
- D. The company code must allow negative postings.
Answer: A,D
NEW QUESTION 29
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. Switch on the data aging business function.
- B. Archive transactional data no longer legally required
- 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 30
General Ledger Accounting
"What do you need to do to configure a new exchange rate type in SAP S/4HANA?
Note: There are 2 correct answers to this question."
- A. Specify a purpose for the exhange rate type
- B. Set up the relationship between currencies using translation ratios
- C. Specify the company code currency as the base currency
- D. Maintain exchange rates daily
Answer: B,D
NEW QUESTION 31
Accounts Payable & Accounts Receivable
"In customizing, at which levels can you assign the print program to the correspondence type?
Note: There are 2 correct answers to this question."
- A. At system level
- B. At company code level
- C. At business partner level
- D. At client level
Answer: B
NEW QUESTION 32
Asset Accounting
"In your SAP S/4HANA system, you report financial values for three separate accounting principles. You post an acquisition for an asset that is capitalize in a single accounting priciple.
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: A
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 extension ledgers with relevant links to accounting principles.
- B. Define two valuation ares and two accounting principles witth relevate links to ledgers.
- C. Define two valuation methods and assign the accounting principles to the new valuation methods.
- D. Define two valuation methods and assign the ledger groups to the new valuation method.
Answer: C
NEW QUESTION 34
General Ledger Accounting
"You want to configure the tax calculation procedures. What are the main elements you need to define? Note:
There are 3 correct answers to this question"
- A. Account key
- B. Tax category
- C. Sequence of steps
- D. Condition type
- E. Tax code
Answer: A,B,D
NEW QUESTION 35
Overview and Deployment of SAP S/4HANA
"What are some features of SAP HANA?
Note: There are 2 correct answers to this question."
- A. SAP HANA is built on a hierarchical data model architecture.
- B. SAP HANA allows transactional and analytical processing from the same tables.
- C. SAP HANA is optimized to work with aggregates and index tables.
- D. SAP HANA is optimized to organize data using column stores.
Answer: B,D
NEW QUESTION 36
Accounts Payable & Accounts Receivable
"Which parameters can you specify directly when you create a new correspondence type?
Note: There are 3 correct answers to this question."
- A. Number of date fields required
- B. Company code required
- C. Account required
- D. Document number required
- E. Reason code required
Answer: A,C,D
NEW QUESTION 37
General Ledger Accounting
"You have been asked to set up house banks as part of the implementation.
What information do you need?
Note: There are 3 correct answers to this question"
- A. Bank Control Key
- B. Payment method
- C. General ledger account
- D. Bank Master Data
- E. Company code
Answer: A,C,E
NEW QUESTION 38
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 included in 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 excluded from the calculation
Answer: D
NEW QUESTION 39
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 does not post
- B. Area posts depreciation only
- C. Area posts in real time
- D. Area posts APC immediately, depreciation periodically
Answer: A
NEW QUESTION 40
Accounts Payable & Accounts Receivable
"Which of the following steps do you typically perform during a payment run with the automatic payment program?
Note: There are 2 correct answers to this question"
- A. Rank bank accounts for payment
- B. Maintain open item selection parameters
- C. Review the payment proposal exception list
- D. Define maximum amounts to be paid per supplier
Answer: B,C
NEW QUESTION 41
To use the SAP Financial Closing cockpit, which steps are required? Note: There are 3 correct answers to this question.
- A. Define task dependencies
- B. Release task list
- C. Define person responsible for tasks
- D. Create template
- E. Create task groups
Answer: A,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. Check
- C. Replacement
- D. Message
Answer: A,C
NEW QUESTION 43
General Ledger Accounting
"You are responsible for configuring document splitting.
What are some of the ky settings?
Note There are 2 correct answer to this question."
- A. Field status variant
- B. Document number range
- C. Business transaction variant
- D. Document type
Answer: C,D
NEW QUESTION 44
"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. Substitution values
- B. Check statement
- C. Prerequisite statement
- D. Callup point
Answer: A,C
NEW QUESTION 45
"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. Business Area
- B. Consolidation Unit
- C. Company Code
- D. Company
Answer: C
NEW QUESTION 46
Asset Accounting
"What do you define when configuring asset classes?
Note: There are 3 correct answers to thia question."
- A. Screen layout rules
- B. Account determination
- C. Posting keys
- D. Number ranges
- E. Transaction types
Answer: A,B,D
NEW QUESTION 47
General Ledger Accounting
"When is it possible to set the open item management indicator in a general ledger account Note: There are 2 correct answers to this question"
- A. When an account is set up as balance sheet account
- B. When an account is set up as a secondary cost element
- C. When an account has a zero balance
- D. When an account is set up as a reconciliation account
Answer: A,C
NEW QUESTION 48
"Organizational Assignments and Process Integration "
"Ypu need to post customer invoices via interface from a non-SAP system. You want to define a new document type with a specific document number range that matches the document numbers of the source system.
How do you define the document number range?"
- A. You must use external number assignment.
- B. You must use internal number assignment.
- C. You can use internal or external number assignment.
- D. You can use internal or external number assignment, but it has to be continuous.
Answer: A
NEW QUESTION 49
"Organizational Assignments and Process Integration "
What is the recommended organizational unit for cost of sales accounting?
- A. Controlling area
- B. Profitability Segment
- C. Profit center
- D. Functional Area
Answer: D
NEW QUESTION 50
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