[Dec 13, 2023] Dumps Collection C_TS4FI_2021 Test Engine Dumps Training With 83 Questions
SAP C_TS4FI_2021 Dumps - 100% Cover Real Exam Questions
SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (C_TS4FI_2021) certification exam is a valuable credential for professionals who work in financial accounting with SAP S/4HANA. C_TS4FI_2021 exam covers a range of topics related to financial accounting processes and their integration with other SAP modules. Candidates who pass the exam can advance their careers in this field and provide valuable expertise to organizations that use SAP S/4HANA.
NEW QUESTION # 18
Accounts Payable & Accounts Receivable
Which parameter indicates that a line item can only be dunned with restrictions?
- A. Dunning area
- B. Group key
- C. Dunning key
- D. Dunning block reason
Answer: C
NEW QUESTION # 19
How does the system determine the correspondence type of a payment notice?
- A. According to the reason code, as all reason codes carry the same correspondence type
- B. According to the tolerance group, as all reason codes carry the same correspondence type
- C. According to the tolerance group, as long as all tolerance groups carry the same correspondence type
- D. According to the reason code, as long as all tolerance groups carry the same correspondence type
Answer: D
NEW QUESTION # 20
Accounts Payable and Accounts Receivable
You want to edit a dunning proposal. Which actions can you perform to edit a dunning proposal? (3 correct answers)
- A. Change a document
- B. Lower the dunning level of an item
- C. Block a line item
- D. Raise the dunning level of an account
- E. Block an account
Answer: B,C,E
NEW QUESTION # 21
You 'd like to set up low values asset (LVA) management.
What do you need to do?
- A. Define two separate asset classes to manage LVA using individual or collective management
- B. Specify the minimum amount for LVA at three levels: company code, depreciation area and asset class
- C. Define a base unit for measure for LVA in individual management
- D. Specify the minimum amount for LVA at two levels: company code and chart of depreciation
Answer: B
NEW QUESTION # 22
To use the SAP Financial Closing cockpit, which steps are required? Note: There are 3 correct answers to this question.
- A. Create task groups
- B. Define task dependencies
- C. Create template
- D. Release task list
- E. Define person responsible for tasks
Answer: A,B,C
NEW QUESTION # 23
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 depreciation keys and calculation keys.
- B. Define depreciation areas to transfer all the legacy data.
- C. Define asset classes and maintain their attributes.
- D. Define depreciation areas for each category of legacy asset.
Answer: C
NEW QUESTION # 24
You are starting the fiscal year-end process in Asset Accounting in SAP S/4HANA.
What are the year-end closing program checks for Asset Accounting?
Note: There are 2 correct answers to this questions.
- A. Asset master data is complete and without errors.
- B. Depreciation is posted in full for all assets.
- C. Posting periods are closed for asset G/L accounts.
- D. The fixed asset fiscal year change is complete.
Answer: A,B
NEW QUESTION # 25
Accounts Payable & Accounts Receivable
"On which levels can you maintain field status controls for business partners (BP)?
Note: There are 2 correct ansers to this question"
- A. BP type
- B. BP role
- C. Company Code
- D. BP category
Answer: A,B
NEW QUESTION # 26
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, independently from segments being maintain or not.
- B. It is the only object that can be unifromly derived using segments.
- C. It is an object for which separate balance sheet and P&L statements can be created only when used in conjunction with segment.
- D. It is the only object from which segments can be unifornly derived.
Answer: A,D
NEW QUESTION # 27
Overview and Deployment of SAP S/4HANA
"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 question"
- A. You want to clean up your system and use SAP Best Practices
- B. You want to deploy SAP S/4HANA Cloud
- C. You want to use document splitting for the General Ledger
- D. You want to integrate the system into SAP Cloud Platform
Answer: A,B
NEW QUESTION # 28
In your SAPS/4HANA system, you want to archive the G/L accounts that are not used by the business in any company code. What are prerequisites to archiving all data of a G/L account?
Note: There are 3 correct answers to this questions.
- A. The account is not used in any automatic account determination.
- B. Set the deletion flag in the company code data of the G/L account.
- C. Set the deletion flag in the chart of accounts data of the G/L account.
- D. Transactional figures are older than a customizable amount of years.
- E. There are no transaction figures for the account.
Answer: C,D,E
NEW QUESTION # 29
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 # 30
How can you define a matching method for intercompany reconciliation?
- A. It must be defined as configuration
- B. it can be automatically determined by a user exit
- C. It can be either defined as master data or as configuration
- D. It must be defined as master data
Answer: A
NEW QUESTION # 31
Which statements best describe a profit center?
Note: There are 2 correct answers to this questions.
- A. It is the only object from which segments can be uniformly derived.
- B. It is an object for which separate balance sheet and P&L statements are ,created only when used in conjunction segments.
- C. It is the only object that can be uniformly derived using segments.
- D. It is an object for which separate balance sheet and P&L statements can be created, whether segments are being maintained or not.
Answer: A,D
NEW QUESTION # 32
"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. Set the deletion flag in the company code data of the G/L account.
- B. Transaction figured are older than a customizable amount of years.
- C. The blocked for posting indicator is set fot the G/L account.
- D. Set the deletion flag in the chart of accounts data of the G/L account.
- E. There are no transaction figures for the account.
Answer: A,D,E
NEW QUESTION # 33
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. Profit center
- B. Functional area
- C. Fixed asset
- D. Cost center
Answer: C,D
NEW QUESTION # 34
General Ledger Accounting
How does the system perform the normal reversal of a journal entry?
- A. creates an inverse posting by increasing the transaction figures
- B. It creates an inverse posting by resetting the transaction figures
- C. It creates the inverse posting of a cleared document before resetting it
- D. It creates an inverse posting by decreasing the transaction figures
Answer: A
NEW QUESTION # 35
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 special G/L indicator for the down payment
- D. The exclusing of disputed residual items from credit limit checks.
- E. The type of payment notice sent to customer.
Answer: A,D,E
NEW QUESTION # 36
What dunning-related data do you maintain on the business partner master record?
Note: There are 2 correct answers to this questions.
- A. Dunning area
- B. Dunning key
- C. Dunning interval
- D. Dunning block
Answer: A,D
NEW QUESTION # 37
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