[Mar-2023] SAP C-TS4FI-2021 Exam Practice Test Questions - Fast2test
Updated Certification Exam C-TS4FI-2021 Dumps - Practice Test Questions
SAP C-TS4FI-2021 Exam Description:
PLEASE NOTE: This certification has been published for early adopters. Some recommended "ways to attain" are not yet available. - - - - - - - - - - - - - - - -The "SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021)" certification exam verifies that the candidate possesses fundamental knowledge and proven skills in the area of SAP S/4HANA Financial Accounting. It tests that the candidate has a good overall understanding within this consultant profile and can implement this knowledge practically in projects under the guidance of an experienced consultant. It is recommended as an entry-level qualification to allow consultants to get acquainted within Financial Accounting projects. This certificate is the ideal starting point for a professional career as a Financial Accounting consultant on SAP S/4HANA. If experience in SAP implementation projects of Financial Accounting are added over years, a professional career can be validated by taking a second exam: "SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Financials experts". The certificate issued for passing this exam will be valid for 5 years.
NEW QUESTION 31
Which of the following is technical year-end closing activity in SAP S4/HANA?
- A. Balance sheet adjustments must be posted
- B. Ledger balances must be carried forward
- C. Foreign currency valuation must be posted
- D. Accruals must be posted
Answer: B
NEW QUESTION 32
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. Cost center
- B. Fixed asset
- C. Functional area
- D. Profit center
Answer: A,B
NEW QUESTION 33
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. Segment
- B. Business Area
- C. Functional Area
- D. Profitability segment
Answer: D
NEW QUESTION 34
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. General ledger account
- B. Bank Control Key
- C. Company code
- D. Bank Master Data
- E. Payment method
Answer: A,B,C
NEW QUESTION 35
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 capitalization date is empty
- C. The asset belongs to a specific asset class
- D. The depreciation key is empty
Answer: C
NEW QUESTION 36
What are the maintenance levels of a screen layout rule for asset master data? Note:There are 3 correct answers to this question
- A. Depreciation area
- B. Asset sub number
- C. Main asset number
- D. Asset class
- E. Group asset
Answer: B,C,D
NEW QUESTION 37
"Organizational Assignments and Process Integration "
"In your SAP S/4HANA system, you want to archive the G/L account that are not ised by the business in any company code.
What are prerequisities to archiving all data of a G/L account?
Note: There are 3 correct answers to this question"
- A. The blocked for posting indicator is set fot the G/L account.
- B. Set the deletion flag in the chart of accounts data of the G/L account.
- C. Set the deletion flag in the company code data of the G/L account.
- D. Transaction figured are older than a customizable amount of years.
- E. There are no transaction figures for the account.
Answer: B,C,E
NEW QUESTION 38
Which steps are required to create a substitution in Financial Accounting?
Note: There are 3 correct answers to this questions.
- A. Assign the substitution rule to the controlling area.
- B. Define the substitution rule with its different steps using the formula editor.
- C. Specify an authorization group.
- D. Select the correct call-up point.
- E. Select Activation Level 2.
Answer: B,C,E
NEW QUESTION 39
You want to edit a dunning proposal.
Which actions can you perform?
Note: There are 3 correct answers to this questions.
- A. Change a document.
- B. Lower the dunning level of an item.
- C. Block a I ine item.
- D. Block an account.
- E. Raise the dunning level of an item.
Answer: B,C,D
NEW QUESTION 40
In your system, you currently perform manual outgoing payments and you want to use the automatic payment program. Which new settings must you maintain as part of the configuration of the automatic payment program?
Note: There are 2 correct answers to this questions.
- A. Bank determination
- B. Payment terms
- C. Payment run
- D. Paying company codes
Answer: A,D
NEW QUESTION 41
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 optimized to work with aggregates and index tables.
- B. SAP HANA is built on a hierarchical data model architecture.
- C. SAP HANA is optimized to organize data using column stores.
- D. SAP HANA allows transactional and analytical processing from the same tables.
Answer: C,D
NEW QUESTION 42
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 43
You are responsible for configuring document splitting.
What are some of the key settings?
Note: There are 2 correct answers to this questions.
- A. Field status variant
- B. Document type
- C. Document number range
- D. Business transaction variant
Answer: B,D
NEW QUESTION 44
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 company code must allow negative postings.
- B. The reversal reason must be configured to allow nagative postings.
- C. The reversal acccount must be configured to allow nagative postings.
- D. The posting key must allow nagative postings.
Answer: A,B
NEW QUESTION 45
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. Tax category
- B. Account key
- C. Tax code
- D. Sequence of steps
- E. Condition type
Answer: A,B,E
NEW QUESTION 46
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. Maintain exchange rates daily
- C. Specify the company code currency as the base currency
- D. Set up the relationship between currencies using translation ratios
Answer: B,D
NEW QUESTION 47
General Ledger Accounting
"Besides using the profit center, which options dose 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. Assignment of default segments to G/L accounts
- D. Badi implementation (FAGL_DERIVE_SEGMENT)
Answer: A,D
NEW QUESTION 48
You are a group cash manager interested in the North American business market What ate the personalization options available to you in SAP Fiori?
Note: There are 2 correct answers to this questions.
- A. You can manage user access to relevant apps for your team without help from an administrator
- B. You can create a title group with all the apps required for you daily business for easy access
- C. You can adapt the launchpad color theme according to predefined values for the cash report
- D. You can create a title to take you directly to the cash position of the North America business market
Answer: A,D
NEW QUESTION 49
Accounts Payable & Accounts Receivable
For which special G/L indicator do you specify a target special G/L indicator?
- A. Vendor down payment request
- B. Bill of exchange
- C. Customer down payment
- D. Guarantee given
Answer: A
NEW QUESTION 50
"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. Company Code
- B. Business Area
- C. Consolidation Unit
- D. Company
Answer: A
NEW QUESTION 51
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 52
Asset Accounting
How can you perform transfers of asset between company codes with differet chart of depreciation?
- A. Enter depreciation area mapping during intercompany transfer posting.
- B. Ensure the same depreciation areas are used in all charts of depreciation.
- C. Define a global transfer variant and assign all the depreciation areas to it.
- D. Configure the cross-company depreciation areas in Customizing.
Answer: D
NEW QUESTION 53
You assign currency type 40 to your company code in ledger 0L
Which source currency types can you select?
Note: There are 2 correct answers to this questions.
- A. Document currency
- B. Group currency
- C. Company code currency
- D. Controlling area currency
Answer: C,D
NEW QUESTION 54
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