(2022) C_TS4FI_2021 Dumps and Practice Test (95 Questions)
Guide (New 2022) Actual SAP C_TS4FI_2021 Exam Questions
NEW QUESTION 30
Asset Accounting
"How do you configure depreciation areas in SAP S/4 HANA?
Note: There are 2 correct answers to this question."
- A. Ensure all depreciation areas always post to the general ledger
- B. Ensure a ledger group is assigned to each accounting principle
- C. Assign each accounting principle to a depreciation area
- D. Assign depreciaton area 01 to the leading ledger
Answer: A,C
NEW QUESTION 31
"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. Financial document number ranges defined at client level should NOT overlap
- C. All financial document number ranges can contain numbers and/or letters
- 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,C,D
NEW QUESTION 32
Financial Closing
After you collected data in the Intercompany Reconciliation tool, what are the next steps of the reconciliation process?
- A. 1. Store the data
2. Present reconciled and non-reconciled data
3. Post the correction documents
4. Communicate difference - B. 1. Store the data
2. Present reconciled and non-reconciled data
3. Communicate difference
4. Post the correction documents - C. 1. Post the correction documents
2. Store the data
3. Present reconciled and non-reconciled data
4. Communicate difference - D. 1. Present reconciled and non-reconciled data
2. Post the correction documents
3. Store the data
4. Communicate difference
Answer: B
NEW QUESTION 33
Which field can you change on a posted invoice?
- A. Tax code
- B. Cost center
- C. Special GL indicator
- D. Payment terms
Answer: D
NEW QUESTION 34
You are configuring asset-related postings of depreciation areas in Asset Accounting. Which of the following settings is "NOT" permitted?
- A. Area does not post
- B. Area posts depreciation only
- C. Area posts revaluation only
- D. Area posts in real time
Answer: C
NEW QUESTION 35
Accounts Payable & Accounts Receivable
How does the system determine the correspondence type of a payment notice?
- A. According to the tolerance group, as long as all the tolerance groups carry the same correspondence type.
- B. According to the tolerance group, as long as all the reason code carry the same correspondence type.
- C. According to the reason code, as long as all the tolerance groups carry the same correspondence type.
- D. According to the reason code, as long as all the reason code carry the same correspondence type.
Answer: C
NEW QUESTION 36
Besides using the profit center, which options does General Ledger Accounting with document splitting provide to assign a segment to the posting line? Note: There are 2 correct answers to this question.
- A. Definition of validation rules
- B. Standard account assignment using constants
- C. BAdl implementation (FAGL_DERIVE_SEGMENT)
- D. Configuration of the derivation logic with derivation sequence and steps
Answer: C,D
NEW QUESTION 37
Financial Closing
"What are the features of the Accrual Engine in SAP S/4HANA?
Note: There are 2 correct answers to this question"
- A. All currencies of the general ledger 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. Accrual postings with a maximum of two line items are supported
Answer: A,C
NEW QUESTION 38
What is the purpose of the chart of depreciation?
- A. The chart of depreciation defines the asset classes for which you can create fixed assets
- B. The chart of depreciation manages country-specific legal valuation of fixed assets
- C. The chart of depreciation is a reporting tool that structures your assets for hierarchical reporting.
- D. The chart of depreciation substitutes the operational chart of accounts in asset-related postings.
Answer: B
NEW QUESTION 39
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 accounts approach, you assign a separate set of accounts for each accounting principle, unlike the ledger approach.
- B. In the accounts approach, you define a technical clearing account for integrated asset acquisitions, unlike the ledger approach.
- C. In the ledger approach, you assign a ledger group to every depreciation area, unlike the account approach.
- D. In the leger approach, you maintain additional depreciation areas to post the delta valuation of each accouting principle, unlike the accounts approach.
Answer: A
NEW QUESTION 40
"Organizational Assignments and Process Integration " "You define custom currency type Zl for your company code. Which currency types must be stored in the Data Entry view? Note: There are 2 correct answers to this question."
- A. Custom currency type Zl
- B. Document currency
- C. Hard currency
- D. Company code currency
Answer: B,D
NEW QUESTION 41
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 summarized into higher levels of aggregated to help system performance.
- C. The data is available in real time at line item detail.
- D. The data is aggregated on the fly from any line item table.
Answer: C,D
NEW QUESTION 42
General Ledger Accounting
What does the document splitting functionality do?
- A. It enables the automatic create of additional posting documents for each defined spliiting charecteristic.
- B. It enables the automatic creation of an additional posting document in case the original document contains more than 999 line items.
- C. It enriches all customer and vendor line items with the defined splitting characteristics in the relevant subledgers.
- D. It enriches all relevant balance sheet account lines with the defined splitting characteristics.
Answer: D
NEW QUESTION 43
Asset Accounting
"You are responsible for implementing Asset Accounting. You are provided with the legacy data of various assets and their grouping information based on classifications, useful life, and depreciation terms.
What configuration step would you initiate to maintain these categories in SAP S/4HANA?"
- A. Define a depreciation area to transfer all the legacy data
- B. Configure depreciation keys and calculation keys
- C. Define asset classes and maintain their attributes
- D. Define depreciation areas for each category of legacy asset
Answer: B
NEW QUESTION 44
"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. Group currency
- B. Controlling area
- C. Document currency
- D. Company code currency
Answer: C,D
NEW QUESTION 45
Asset Accounting
How do you identify an asset master record as an asset under construction?
- A. The ordinary depreciation start date is empty
- B. The asset belongs to a specific asset class
- C. The asset capitalization date is empty
- D. The depreciation key is empty
Answer: B
NEW QUESTION 46
Financial Closing
What is the order of configuration within SAP Financial Closing Cockpit?
- A. Create template, create task list, create tasks, define dependencies, release task list
- B. Create task list, release task list, define dependencies, create template, create tasks
- C. Create template, create tasks, define depedencies, create task list, release task list
- D. Define dependencies, create template, create tasks, create task list, release task list
Answer: C
NEW QUESTION 47
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 considered for consolidation.
- B. It is responsible for costs and revenues within an organization.
- C. It represents separate areas of operation within an organization.
- D. It can be assigned to a company code.
Answer: A,D
NEW QUESTION 48
"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. Callup point
- B. Substitution values
- C. Check statement
- D. Prerequisite statement
Answer: B,D
NEW QUESTION 49
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: C
NEW QUESTION 50
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 business partner level
- B. At company code level
- C. At client level
- D. At system level
Answer: B
NEW QUESTION 51
Financial Closing
"Your SAP S/4HANA system is integrated with controlling. You perform cost-of-sales accounting and you report your profit and loss per profit center.
When posting a supplier invoice to a primary account, which field is mandatory by standard procedures?"
- A. Business Area
- B. Segment
- C. Profitability segment
- D. Functional Area
Answer: C
NEW QUESTION 52
General Ledger Accounting
"A general ledger account has a foreign currency setting of CAD. The company code currency is USD. The controlling area currency is EUR.
Which currencies can you post to this account?"
- A. You can only post to the account in CAD and USD.
- B. You can only post to the account in CAD, USD, and EUR.
- C. You can only post to the account in CAD.
- D. You can post to the account in any currency and it will be converted into CAD.
Answer: C
NEW QUESTION 53
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