[Jan-2024] C_TS4FI_2021 Braindumps – C_TS4FI_2021 Questions to Get Better Grades
C_TS4FI_2021 Exam Dumps - Try Best C_TS4FI_2021 Exam Questions - TestPDF
SAP C-TS4FI-2021 exam is designed for individuals who want to become SAP Certified Application Associates in the Financial Accounting Associates field. SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021) certification is intended for professionals who have experience in implementing and customizing financial accounting functionalities in SAP S/4HANA. C_TS4FI_2021 exam tests the candidate's knowledge of financial accounting processes, including general ledger, accounts payable, accounts receivable, and asset accounting.
SAP C_TS4FI_2021 certification is an excellent opportunity for financial accounting professionals to validate their knowledge and skills in using SAP S/4HANA for financial accounting processes. It offers numerous benefits, including career advancement, increased earning potential, and recognition as a certified expert in SAP S/4HANA Finance. To succeed in the SAP C_TS4FI_2021 certification exam, candidates need to have a strong understanding of financial accounting principles, SAP S/4HANA functionalities, and best practices in financial analysis and reporting.
SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (C-TS4FI-2021) certification exam is a valuable credential for finance professionals who want to demonstrate their expertise in financial accounting using SAP S/4HANA. C_TS4FI_2021 exam tests the candidates' ability to configure financial accounting in SAP S/4HANA, perform financial closing activities, and generate financial statements, and validates their understanding of the integration of financial accounting with other SAP S/4HANA modules.
NEW QUESTION # 30
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 depreciation only
- B. Area posts in real time
- C. Area does not post
- D. Area posts APC immediately, depreciation periodically
Answer: C
NEW QUESTION # 31
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. BADI implementation (FAGL_DERIVE_SEGMENT)
- B. Assignment of default segments to G/L accounts
- C. Definition of validation rules
- D. Standard account assignment, using constants
Answer: A,B
NEW QUESTION # 32
On which levels can you maintain field status controls for business partners (BP)?
Note: There are 2 correct answers to this questions.
- A. Company code
- B. BP category
- C. BP type
- D. BP role
Answer: C,D
NEW QUESTION # 33
What is shared between all deployment options for SAP S/4HANA (Cloud, On-Premise) Note: There are 3 correct answers to this questions.
- A. Data model
- B. Code line
- C. Upgrade intervals
- D. Configuration options
- E. User experience
Answer: A,B,E
NEW QUESTION # 34
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. Account key
- B. Condition type
- C. Tax code
- D. Sequence of steps
- E. Tax category
Answer: A,B,E
NEW QUESTION # 35
Asset Accounting
"Which of the following should you consider when defining asset number ranges?
Note: There are 2 correct answers to this question."
- A. Asset number range are defined at chart of depreciation level.
- B. Each asset class can have either an internal or external number range.
- C. Asset number range are defined for asset classes and are company code specific.
- D. Each asset number range must be assigned to a unique asset class.
Answer: B,C
NEW QUESTION # 36
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 # 37
Which statement best describe extension ledgers in SAP S/4HANA?
Note: There are 2 correct answers to this questions.
- A. Extension ledgers can be assigned their own posting period variant
- B. Extension ledgers can have different currencies than the underlying ledger
- C. Multiple extension ledgers can point to the same underlying ledger
- D. Extension ledgers can be assigned their own fiscal year variant
Answer: A,C
NEW QUESTION # 38
How does an automatic intercompany asset transfer work?
- A. It assumes that the transfer happens between two independent legal entities
- B. It does NOT allow a transfer to happen within a single legal entity
- C. determines the relationship type automatically, using the company ID
- D. It determines the relationship type automatically, using the company code
Answer: A
NEW QUESTION # 39
"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 the correct call-up point.
- B. Define the substitution rule with its different steps using the formula editor.
- C. Specify an authorization group.
- D. Assign the substitution rule to the controlling area.
- E. Select activation level 2.
Answer: A,B
NEW QUESTION # 40
Accounts Payable and Accounts Receivable
What dunning -related data do you maintain on the business partner master record? (3 correct answers)
- A. Dunning Key
- B. Dunning interval
- C. Dunning area
- D. Dunning procedure
- E. Dunning block
Answer: C,E
NEW QUESTION # 41
General Ledger Accounting
"What items are NOT cleared by the automatic clearing program?
Note: There are 3 correct answers to this question."
- A. Noted items
- B. Items with sales and use tax
- C. Statistical postings
- D. Items with value-added tax
- E. Items with withholding tax
Answer: A,C
NEW QUESTION # 42
You are responsible for configuring document splitting.
What are some of the key settings?
Note: There are 2 correct answers to this questions.
- A. Document type
- B. Business transaction variant
- C. Document number range
- D. Field status variant
Answer: A,B
NEW QUESTION # 43
General Ledger Accounting
"What are the characteristics of a company in SAP S/4HANA?
Note: There are 2 correct answers to this question."
- A. It represents separate areas of operation within an organization.
- B. It is considered for consolidation.
- C. It is responsible for costs and revenues within an organization.
- D. It can be assigned to a company code.
Answer: B,D
NEW QUESTION # 44
Accounts Payable & Accounts Receivable
"You want to configure the default baseline date for the payment terms of an incoming invoice.
From which date can you derive the baseline date?
Note: There are 3 correct answers to this question."
- A. Entry date
- B. Document date
- C. Posting date
- D. Value date
- E. Goods receipt date
Answer: A,B,C
NEW QUESTION # 45
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 main asset indicator
- C. Remove the subnumber indicator
- D. Remove the reference indicator
Answer: D
NEW QUESTION # 46
How do you configure depreciation areas in SAP S4/HANA?
Note: There are 2 correct answers to this questions.
- A. Assign depreciation area 01 to the leading ledger
- B. Ensure a ledger group is assigned to each accounting principle
- C. Assign each accounting principle to a depreciation area
- D. Ensure all depreciation areas always post to the general ledger
Answer: C,D
NEW QUESTION # 47
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 non-assigned selection and excluded in the calculation
- B. The balance of the new account is added to the in the financial statement item section and is included 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 notes in the financial statement item section and is excluded from the calculation
Answer: A
NEW QUESTION # 48
Which closing activities are performed for external reporting as per SAP best practices?
Note: There are 3 correct answers to this questions.
- A. Preform valuations of open items in foreign currency
- B. Perform a top-down distribution in margin analysis
- C. Perform flat rate value adjustment for receivables
- D. Regroup receivables and payables on the balance sheet
- E. Run plan assessment cycles for profit center
Answer: A,C,D
NEW QUESTION # 49
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. Paying company codes
- C. Payment run
- D. Payment terms
Answer: A,B
NEW QUESTION # 50
Accounts Payable & Accounts Receivable
"Which of the following statemens best describe a noted item?
Note: There are 2 correct answers to this question"
- A. It can be used to remind the user about due payments
- B. It updates the subledger and the general ledger
- C. It can be accessed by the payment program
- D. It has an automatic statistical offsetting entry
Answer: A,C
NEW QUESTION # 51
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 company code level
- B. At system level
- C. At business partner level
- D. At client level
Answer: A
NEW QUESTION # 52
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