Latest [Jan 07, 2024] C-TS4FI-2021 Exam with Accurate SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021) PDF Questions
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SAP C_TS4FI_2021 exam covers a wide range of topics related to SAP S/4HANA Financial Accounting, including financial closing, accounts payable and receivable, asset accounting, and general ledger accounting. Candidates will be tested on their ability to perform various tasks, such as configuring and maintaining financial accounting settings, managing financial transactions, and generating financial reports.
SAP C-TS4FI-2021 exam is a 180-minute exam that consists of 80 questions. C-TS4FI-2021 exam is available in English and can be taken at any SAP testing center around the world. Candidates who pass the exam will receive the SAP Certified Application Associate – SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021) certification. SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021) certification is a valuable asset for individuals who want to advance their careers in finance and accounting.
NEW QUESTION # 46
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. Fixed asset
- B. Functional area
- C. Cost center
- D. Profit center
Answer: A,C
NEW QUESTION # 47
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 ledger approach, you assign a ledger group to every depreciation area, unlike the account approach.
- B. In the accounts approach, you assign a separate set of accounts for each accounting principle, unlike the ledger approach.
- C. In the leger approach, you maintain additional depreciation areas to post the delta valuation of each accouting principle, unlike the accounts approach.
- D. In the accounts approach, you define a technical clearing account for integrated asset acquisitions, unlike the ledger approach.
Answer: B
NEW QUESTION # 48
You want to create a substitution in Financial Accounting. Which parts do you have to define for each step of the substitution? Note: There are 2 correct answers to this question.
- A. Replacement
- B. Prerequisite
- C. Message
- D. Check
Answer: A,B
NEW QUESTION # 49
"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. Company code currency
- B. Controlling area
- C. Group currency
- D. Document currency
Answer: A,D
NEW QUESTION # 50
Which of the following is a technical year-end closing activity in SAP S/4HANA?
- A. Ledger balances must be carried forward
- B. Profit center carry-forward must be posted.
- C. Balance sheet adjustments must be posted.
- D. Foreign currency valuation must be posted.
Answer: B
NEW QUESTION # 51
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 reason code carry the same correspondence type.
- B. According to the reason code, as long as all the tolerance groups carry the same correspondence type.
- C. According to the reason code, as long as all the reason code carry the same correspondence type.
- D. According to the tolerance group, as long as all the tolerance groups carry the same correspondence type.
Answer: B
NEW QUESTION # 52
To use the SAP Financial Closing cockpit, which steps are required?
Note: There are 3 correct answers to this questions.
- A. Define the task dependencies.
- B. Create task groups.
- C. Release the task dependencies.
- D. Define the person responsible for tasks.
- E. Create a template.
Answer: A,C,E
NEW QUESTION # 53
"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. Check statement
- B. Substitution values
- C. Callup point
- D. Prerequisite statement
Answer: B,D
NEW QUESTION # 54
"Organizational Assignments and Process Integration "
"What does the document type control?
Note: There are 2 correct answers to this question."
- A. Which account types are allowed for postings
- B. Whether text is required on line item level
- C. Which posting keys are allowed for postings
- D. Whether negative postings are permitted
Answer: C,D
NEW QUESTION # 55
"Organizational Assignments and Process Integration "
"Which steps are required to create a substitution in Financial Accounting?
Note: There are 3 correct answers to this question."
- A. Select activation level 2.
- B. Specify an authorization group.
- C. Define the substitution rule with its different steps using the formula editor.
- D. Assign the substitution rule to the controlling area.
- E. Select the correct call-up point.
Answer: A,B,D
NEW QUESTION # 56
Besides using the profit center, which options does General Ledger Accounting with document splitting provide to assign a segment to the posting lines?
Note: There are 2 correct answers to this questions.
- A. Definition of validation rules
- B. BADI implementation (FAGL_DERIVE_SEGMENT)
- C. Standard account assignment, using constants
- D. Assignment of default segments to G/L accounts
Answer: B,D
NEW QUESTION # 57
General Ledger Accounting
"You are getting ready to post your first simple general ledger document using the SAP fiori app for posting in a test environment.
What configuration items do you need to set up to post a simple document?
Note: There are 2 correct answers to this question. "
- A. Number range and document types must be maintained.
- B. User must be assined to a tolerance group.
- C. Line item text templates must be maintained.
- D. The posting period variant must be created and assigned.
Answer: A,D
NEW QUESTION # 58
Which field can you change on a posted invoice?
- A. Special G/L indicator
- B. Tax code
- C. Statistical internal order
- D. Basel ine date
Answer: D
NEW QUESTION # 59
"Organizational Assignments and Process Integration "
Which of the following statements best describes how customer down payments are integrated with Sales & Distribution (SD)?
- A. A down payment request is created as an FI noted item, which automatically generates as an SD billing document.
- B. A down payment request is created as an SD sales order, which is automatically posted in FI as a noted item.
- C. A down payment request is created as an SD billing document, which is automatically posted in FI as a noted item.
- D. A down payment request is created as an FI noted item, which automatically generates as an SD sales order.
Answer: A
NEW QUESTION # 60
You forgot 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 in the financial statement item section and is included from the calculation
- B. The balance of the new account is added to the notes in the financial statement item section and is excluded from the calculation
- C. The balance of the new account is added to the non-assigned selection and included in the calculation
- D. The balance of the new account is added to the non-assigned selection and excluded in the calculation
Answer: D
NEW QUESTION # 61
How can you create an asset under construction?
Note: There are 2 correct answers to this questions.
- A. Manually (transaction AS01), using a specific asset class
- B. Automatically, when setting capex cost from a WBS element
- C. Automatically, when creating an investment measure
- D. Automatically, when setting capex cost from an internal order
Answer: B,C
NEW QUESTION # 62
Financial Closing
"You post a purchase order
For which expenses does the system calculate accruals?
Note: There are 2 correct answers to this question"
- A. Raw material purchases
- B. Insurance premiums
- C. Fixed Asset purchases
- D. Consulting services
Answer: A,C
NEW QUESTION # 63
What does the document splitting funtion do?
Note: There are 2 correct answers to this questions.
- A. It enriches all relevant balance sheet account lines with the defined splitting characteristics.
- B. It enriches all customer and vendor line items with the defined splitting characteristics in the relevant subledgers.
- C. It ensure that you can create complete financial reports per profit center if it is required by the business.
- D. It enable the automatic creation of additional posting documents for each defined splitting characteristics.
Answer: A,B
NEW QUESTION # 64
Overview and Deployment of SAP S/4HANA
"You are a group cash manager interested in the North American business market.
What are the personalization options available to you in SAP Fiori?
Note: There are 2 correct answers to this question"
- A. You can create a tile group with all the apps required for you daily business for easy access
- B. You can adapt the launchpad color theme according to predefined values for the cash report
- C. You can manage user access to relevant apps for the North American accounts payable group that reports to you
- D. You can create a tile to take you directly to the cash position of the North American business market
Answer: A,D
NEW QUESTION # 65
How does the system determine the correspondence type of a payment notice?
- A. According to the reason code, as long as all tolerance groups carry the same correspondence type
- B. According to the reason code, as all reason codes carry the same correspondence type
- C. According to the tolerance group, as all reason codes carry the same correspondence type
- D. According to the tolerance group, as long as all tolerance groups carry the same correspondence type
Answer: A
NEW QUESTION # 66
What are the characteristics of a company in SAP S/4HANA?
Note: There are 2 correct answers to this questions.
- A. It can be assigned to a company code.
- B. It is considered for consolidation.
- C. It represents separate areas of operation within an organization.
- D. It is responsible for costs and revenues within an organization.
Answer: A,B
NEW QUESTION # 67
You are running an international business and you want to set up separate legal entities to run operations and perform accounting activities.
Which organizational unit do you need to create for each legal entity?
- A. Company
- B. Segment
- C. Consolidation unit
- D. Company Code
Answer: D
NEW QUESTION # 68
Asset Accounting
"You are configuring asset-related postings of depreciation areas in Asset Accounting for a company code that uses the ledger approach to parallel valuation Which of the following settings would lead to an error?"
- A. Area posts APC immediately, depreciation periodically
- B. Area does not post
- C. Area posts depreciation only
- D. Area posts in real time
Answer: B
NEW QUESTION # 69
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SAP C-TS4FI-2021 exam is a 180-minute exam that consists of 80 multiple-choice questions. To pass the exam, candidates must score at least 65%. C-TS4FI-2021 exam is available worldwide and can be taken at any SAP testing center. Candidates who pass the exam will receive a certificate from SAP that validates their knowledge and expertise in SAP S/4HANA Financial Accounting.
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