BEST Verified SAP C-TS4FI-2021 Exam Questions (2022)
The Best Practice Test Preparation for the C-TS4FI-2021 Certification Exam
C-TS4FI-2021 Exam Certification Details:
| Exam: | 80 questions |
| Sample Questions: | SAP C-TS4FI-2021 Exam Sample Question |
| Cut Score: | 63% |
NEW QUESTION 46
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 47
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 notes in the financial statement item section and is included in the calculation
- B. The balance of the new account is added to the non-assigned section and is excluded from the calculation
- C. The balance of the new account is added to the notes in the financial statement item section and is excluded from the calculation
- D. The balance of the new account is added to the non-assigned section and is included in the calculation
Answer: C
NEW QUESTION 48
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 client level
- C. At system level
- D. At company code level
Answer: D
NEW QUESTION 49
Accounts Payable & Accounts Receivable
Which parameter indicates that a line item can only be dunned with restrictions?
- A. Dunning key
- B. Dunning area
- C. Dunning block reason
- D. Group key
Answer: A
NEW QUESTION 50
Accounts Payable & Accounts Receivable
For which special G/L indicator do you specify a target special G/L indicator?
- A. Guarantee given
- B. Customer down payment
- C. Bill of exchange
- D. Vendor down payment request
Answer: D
NEW QUESTION 51
"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. Document currency
- C. Company code currency
- D. Controlling area
Answer: B,C
NEW QUESTION 52
General Ledger Accounting
What does the document splitting functionality do?
- A. It enriches all relevant balance sheet account lines with the defined splitting characteristics.
- B. It enables the automatic creation of an additional posting document in case the original document contains more than 999 line items.
- C. It enables the automatic create of additional posting documents for each defined spliiting charecteristic.
- D. It enriches all customer and vendor line items with the defined splitting characteristics in the relevant subledgers.
Answer: A
NEW QUESTION 53
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 post to the account in any currency and it will be converted into CAD.
- C. You can only post to the account in CAD.
- D. You can only post to the account in CAD, USD, and EUR.
Answer: C
NEW QUESTION 54
What are the maintenance levels of a screen layout rule for asset master data? Note:There are 3 correct answers to this question
- A. Main asset number
- B. Asset class
- C. Group asset
- D. Depreciation area
- E. Asset sub number
Answer: A,B,E
NEW QUESTION 55
Accounts Payable & Accounts Receivable
"What you can control with the reason code in Accounts Receivable?
Note: There are 3 correct answers to this question."
- A. The account where a residual item is posted.
- B. The document type of the payment.
- C. The exclusing of disputed residual items from credit limit checks.
- D. The type of payment notice sent to customer.
- E. The special G/L indicator for the down payment
Answer: A,C,D
NEW QUESTION 56
Asset Accounting
"Which of the following should you consider when defining asset number ranges?
Note: There are 2 correct answers to this question."
- A. Each asset class can have either an internal or external number range.
- B. Each asset number range must be assigned to a unique asset class.
- C. Asset number range are defined at chart of depreciation level.
- D. Asset number range are defined for asset classes and are company code specific.
Answer: A,D
NEW QUESTION 57
Financial Closing
"You want to post journal entries in a special period.
Which conditions must be met?
Note: There are 2 correct answer to this question."
- A. The last posting period must be open for posting in the period control.
- B. You must enter a posting date in the last posting period.
- C. The special period must be open for posting in the period control.
- D. The balance carry-forward to the new fiscal year must have taken control.
Answer: A,B
NEW QUESTION 58
Asset Accounting
"You are creating an asset master record by copying another asset, and you notice that the inventory number is copied over. Whih setting do you make on the screen layout maintenance page to ensure the inventory number is NOT copies over when you create new asset master vai copy?"
- A. Remove the asset class indicator
- B. Remove the subnumber indicator
- C. Remove the reference indicator
- D. Remove the main asset indicator
Answer: C
NEW QUESTION 59
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. Communicate difference
4. Post the correction documents - B. 1. Store the data
2. Present reconciled and non-reconciled data
3. Post the correction documents
4. Communicate difference - 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: A
NEW QUESTION 60
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 61
To use the SAP Financial Closing cockpit, which steps are required? Note: There are 3 correct answers to this question.
- A. Create template
- B. Define task dependencies
- C. Release task list
- D. Define person responsible for tasks
- E. Create task groups
Answer: A,B,E
NEW QUESTION 62
Asset Accounting
"What do you define when configuring asset classes?
Note: There are 3 correct answers to thia question."
- A. Transaction types
- B. Number ranges
- C. Screen layout rules
- D. Posting keys
- E. Account determination
Answer: B,C,E
NEW QUESTION 63
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 accrual calculations must be reviewed and approved before posting
- B. Accrual postings with a maximum of two line items are supported
- C. All currencies of the general ledger are supported
- D. The fiscal year variant of the general ledger is supported
Answer: C,D
NEW QUESTION 64
Financial Closing
Which of the following is a technical year-end closing activity is SAP S/4HANA?
- A. Accruals must be posted.
- B. Balance sheet adjustments must be posted.
- C. Ledger valances must be carried forward.
- D. Foreign currency valuation must be posted.
Answer: C
NEW QUESTION 65
"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. There are no transaction figures for the 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. The blocked for posting indicator is set fot the G/L account.
- E. Transaction figured are older than a customizable amount of years.
Answer: A,B,C
NEW QUESTION 66
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SAP Certified Application Associate Certification C-TS4FI-2021 Sample Questions Reliable: https://drive.google.com/open?id=1C-AFcg2NtaF4Dp-WiEBSuZKCJqkKxgkt
