[2024] C-TS4FI-2021 PDF Questions - Perfect Prospect To Go With TestValid Practice Exam
SAP C-TS4FI-2021 Pdf Questions - Outstanding Practice To your Exam
NEW QUESTION # 30
How can you define a matching method for intercompany reconciliation?
- A. It can be either defined as master data or as configuration
- B. It must be defined as master data
- C. It must be defined as configuration
- D. it can be automatically determined by a user exit
Answer: C
NEW QUESTION # 31
When is it possible to set the open item management indicator in a general ledger account?
Note: There are 2 correct answers to this questions.
- A. When an a account is set up as a secondary cost element
- B. When an a account is set up as a reconciliation account
- C. When an a account has a zero balance
- D. When an a account is set up as a balance sheet account
Answer: B,D
NEW QUESTION # 32
How does the system perform the normal reversal of a journal entry?
- A. It creates an inverse posting by resenting the transaction figures.
- B. It creates an inverse posting by resenting the transaction figures for cleared documents.
- C. It creates an inverse posting by decreasing the transaction figures.
- D. It creates an inverse posting by increasing the transaction figures.
Answer: D
NEW QUESTION # 33
"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 must be defined for the year in which they are used
- B. The same financial document number range can be assigned to several document types
- C. Financial document number ranges defined at client level should NOT overlap
- D. All financial document number ranges can contain numbers and/or letters
- E. Financial document number ranges are defined at company code level
Answer: B,D,E
NEW QUESTION # 34
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 is a reporting tool that structures your assets for hierarchical reporting.
- C. The chart of depreciation defines the asset classes for which you can create fixed assets
- D. The chart of depreciation substitutes the operational chart of accounts in asset-related postings.
Answer: A
NEW QUESTION # 35
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?
- A. Create a substitution that changes the deprecated VAT code when relevant new one when entering documents with posting data in the new year
- B. 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
- C. Enter the new tax codes as default for users who have authorization to post general ledger transactions after balance carry forward is done
- D. 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
Answer: B
NEW QUESTION # 36
For which special G/L indicator do you specify a target special G/L indicator?
- A. Bill of exchange
- B. Vendor down-payment request
- C. Guarantee given
- D. Customer down-payment
Answer: B
NEW QUESTION # 37
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. Define the logical file path as a global path for data aging
- B. Add required authorizations for data aging to your role
- C. Archive transactional data no longer legally required
- D. Switch on the data aging business function.
Answer: C,D
NEW QUESTION # 38
Accounts Payable & Accounts Receivable
Which business partner characteristic is mapped to the customer and supplier account groups?
- A. Business partner account group
- B. Business partner type
- C. Business partner role
- D. Business partner grouping
Answer: A
NEW QUESTION # 39
Financial Closing
"Which statements best describe extension ledgers in SAP S/4HANA?
Note: There are 2 correct answers to this question."
- A. Extension ledger can be assigned their own fiscal year variant.
- B. Extension ledgers can be assigned their own posting period variant.
- C. Multiple extension ledgers can point to the same underlying ledger.
- D. Extension ledgers can have different currencies than the underlying.
Answer: A,C
NEW QUESTION # 40
What are key reasons for preferring a new implementation of SAP S/4HANA rather than a system conversion from SAP ERP?
Note: There are 2 correct answers to this questions.
- A. You want to integrate the system with SAP Business Technology Platform.
- B. You want to use document splitting for the General Ledger.
- C. You want to clean up your system and use SAP Best Practices.
- D. You want to deploy SAP S/4HANA Cloud.
Answer: C,D
NEW QUESTION # 41
To use the SAP Financial Closing cockpit, which steps are required? Note: There are 3 correct answers to this question.
- A. Release task list
- B. Create template
- C. Define task dependencies
- D. Define person responsible for tasks
- E. Create task groups
Answer: B,C,E
NEW QUESTION # 42
You want to post journal entries in a special period.
Which conditions must be met?
Note: There are 2 correct answers to this questions.
- A. The balance carry-forward to the new fiscal year must have happened
- B. The last posting period must be open for posting in the period control
- C. The special period must be open for posting in the period control
- D. You must enter a posting date in the last posting period
Answer: C,D
NEW QUESTION # 43
Which of the following is technical year-end closing activity in SAP S4/HANA?
- A. Accruals must be posted
- B. Balance sheet adjustments must be posted
- C. Foreign currency valuation must be posted
- D. Ledger balances must be carried forward
Answer: D
NEW QUESTION # 44
What are the maintenance levels of a screen layout rule for asset master data? Note:There are 3 correct answers to this question
- A. Asset sub number
- B. Asset class
- C. Depreciation area
- D. Group asset
- E. Main asset number
Answer: A,B,E
NEW QUESTION # 45
General Ledger Accounting
"Which statements best describe a profit center?
Note: There are 2 correct answers to this question."
- A. It is an object for which separate balance sheet and P&L statements can be created only when used in conjunction with segment.
- B. It is an object for which separate balance sheet and P&L statements can be created, independently from segments being maintain or not.
- C. It is the only object that can be unifromly derived using segments.
- D. It is the only object from which segments can be unifornly derived.
Answer: B,D
NEW QUESTION # 46
Financial Closing
What is the order of configuration within SAP Financial Closing Cockpit?
- A. Create template, create tasks, define depedencies, create task list, release task list
- 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 task list, release task list, define dependencies, create template, create tasks
Answer: A
NEW QUESTION # 47
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SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021) Exam has been recently updated to align with the latest version of SAP S/4HANA for Financial Accounting technology. C-TS4FI-2021 exam tests a candidate’s understanding of business processes and how to implement SAP S/4HANA accounting solutions. This updated certification significantly enhances the prospects of candidates who aim to excel in the finance industry.
SAP C-TS4FI-2021 Certification Exam is divided into two parts: the first part consists of 80 multiple-choice questions, and the second part consists of 8 simulation-based questions. C-TS4FI-2021 exam requires candidates to have a deep understanding of SAP S/4HANA for Financial Accounting, as well as the ability to apply their knowledge to real-world scenarios. Candidates must also be able to identify and resolve issues related to financial accounting in SAP S/4HANA.
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