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C_TS4FI_2021 Exam Certification Details:
| Languages: | German, English, French, Japanese, Chinese |
| Exam: | 80 questions |
| Level: | Associate |
| Sample Questions: | SAP C_TS4FI_2021 Exam Sample Question |
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 12
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 13
What does the document splitting funtion do?
Note: There are 2 correct answers to this questions.
- A. It enriches all customer and vendor line items with the defined splitting characteristics in the relevant subledgers.
- B. It enriches all relevant balance sheet account lines with the defined splitting characteristics.
- 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 14
How does the system determine the correspondence type of a payment notice?
- A. According to the tolerance group, as all reason codes 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 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 15
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 in real time
- B. Area does not post
- C. Area posts APC immediately, depreciation periodically
- D. Area posts depreciation only
Answer: B
NEW QUESTION 16
Which information is part of the Bank Master Data?
Note: There are 2 correct answers to this questions.
- A. Control data
- B. Data Medium Exchange (DME) details
- C. Information for electronic payment transactions
- D. Address details
Answer: A,D
NEW QUESTION 17
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 areas for each category of legacy asset.
- B. Define depreciation keys and calculation keys.
- C. Define asset classes and maintain their attributes.
- D. Define depreciation areas to transfer all the legacy data.
Answer: C
NEW QUESTION 18
You want to configure the default baseline data 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 questions.
- A. Goods receipt date
- B. Document date
- C. Posting date
- D. Entry date
- E. Value date
Answer: B,C,D
NEW QUESTION 19
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. Assignment of default segments to G/L accounts
- B. Standard account assignment, using constants
- C. Definition of validation rules
- D. BADI implementation (FAGL_DERIVE_SEGMENT)
Answer: A,D
NEW QUESTION 20
When can you set the open item management indicator in a general ledger account? Note: There are 2 correct answers to this question.
- A. When an account has a zero balance
- B. When an account is set up as a cost element
- C. When an account is used as a reconciliation account
- D. When an account is required for clearing
Answer: A,D
NEW QUESTION 21
You are configuring asset-related postings of depreciation areas in Asset Accounting. Which of the following settings is "NOT" permitted?
- A. Area posts in real time
- B. Area does not post
- C. Area posts revaluation only
- D. Area posts depreciation only
Answer: C
NEW QUESTION 22
Asset Accounting
"What do you define when configuring asset classes?
Note: There are 3 correct answers to thia question."
- A. Screen layout rules
- B. Posting keys
- C. Number ranges
- D. Account determination
- E. Transaction types
Answer: A,C,D
NEW QUESTION 23
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. Maintain exchange rates daily
- B. Set up the relationship between currencies using translation ratios
- C. Specify a purpose for the exhange rate type
- D. Specify the company code currency as the base currency
Answer: A,B
NEW QUESTION 24
What is the recommended organizational unit for cost of sales accounting?
- A. Controlling area
- B. Functional area
- C. Segment
- D. Profit center
Answer: B
NEW QUESTION 25
Which of the following should you consider when defining asset number range?
Note: There are 2 correct answers to this questions.
- A. Asset number ranges are defined for asset classes and are company code specific
- B. Each asset class can be have either an internal or external number range
- C. Asset number ranges are defined at chat of depreciation level
- D. Each asset number range must be assigned to unique asset class
Answer: A,B
NEW QUESTION 26
Besides using the profit center, which options does 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. BAdl implementation (FAGL_DERIVE_SEGMENT)
- D. Configuration of the derivation logic with derivation sequence and steps
Answer: C,D
NEW QUESTION 27
A general ledger account is defined with the account type "Nonoperating Expense or Income" Where can this account be used?
- A. Profit and loss account that is used in margin analysis
- B. Profit and loss account that is used in margin analysis and profit center accounting
- C. Profit and loss account that is used in overhead management accounting
- D. Profit and loss account that is used in profit center accounting
Answer: C
NEW QUESTION 28
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