C_TS4FI_2021 Dumps with Practice Exam Questions Answers
C_TS4FI_2021 by SAP Certified Application Associate Actual Free Exam Practice Test
SAP C_TS4FI_2021 certification exam is a valuable credential for individuals looking to demonstrate their expertise in SAP S/4HANA for Financial Accounting. It is a rigorous exam that requires a deep understanding of the subject matter, and passing it can open up new career opportunities in the field of finance and accounting.
NEW QUESTION # 29
You have been asked to set up house banks as part of the implementation.
What information do you need?
Note: There are 3 correct answers to this questions.
- A. General ledger account
- B. Bank control key
- C. Bank master data
- D. Payment method
- E. Company code
Answer: A,C,E
NEW QUESTION # 30
Which of the following is technical year-end closing activity in SAP S4/HANA?
- A. Balance sheet adjustments must be posted
- B. Accruals must be posted
- C. Ledger balances must be carried forward
- D. Foreign currency valuation must be posted
Answer: C
NEW QUESTION # 31
Overview and Deployment of SAP S/4HANA
"What are some of the benefits of the data handing in SAP S/4HANA?
Note: There are 2 correct answers to this question."
- A. The data is summarized into higher levels of aggregated to help system performance.
- B. The data is constantly auto archived to optimize memory usege.
- C. The data is aggregated on the fly from any line item table.
- D. The data is available in real time at line item detail.
Answer: C,D
NEW QUESTION # 32
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 questions.
- A. Tax category
- B. Tax code
- C. Sequence of steps \/ Q Account Key
- D. Condition type
Answer: A,C,D
NEW QUESTION # 33
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 subnumber indicator
- B. Remove the main asset indicator
- C. Remove the reference indicator
- D. Remove the asset class indicator
Answer: C
NEW QUESTION # 34
After you collect data in the Inter company Reconciliation tool,what are the next steps of the reconciliation process?
- A. * Store the data.
* Present reconciled and non-reconciled data
* Post the correct on documents
* Communicate differences. - B. * Post the correct on documents
* Store the data.
* Present reconciled and non-reconciled data
* Communicate differences - C. * Store the data.
* Present reconciled and non-reconciled data
* Communicate differences.
* Post the correction documents. - D. * Present reconciled and non-reconciled data
* Post the correct on documents
* Store the data.
* Communicate differences.
Answer: C
NEW QUESTION # 35
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. User experience
- E. Configuration options
Answer: A,B,D
NEW QUESTION # 36
"Organizational Assignments and Process Integration "
"Which of the following statements are valid for financial document number ranges?
Note: There are 3 correct answers to this question"
- A. Financial document number ranges are defined at company code level
- B. Financial document number ranges defined at client level should NOT overlap
- C. Financial document number ranges must be defined for the year in which they are used
- D. All financial document number ranges can contain numbers and/or letters
- E. The same financial document number range can be assigned to several document types
Answer: A,D,E
NEW QUESTION # 37
Financial Closing
"Your SAP S/4HANA system is integrated with controlling. You perform cost-of-sales accounting and you report your profit and loss per profit center.
When posting a supplier invoice to a primary account, which field is mandatory by standard procedures?"
- A. Functional Area
- B. Segment
- C. Profitability segment
- D. Business Area
Answer: C
NEW QUESTION # 38
For which account can you perform account clearing in SAP S4/HANA?
- A. For any G/L account defined as a reconciliation account
- B. For any balance sheet account managed on a line item basis
- C. For any account that is managed on an open item basis
- D. For any account that can be posted in foreign currency
Answer: A
NEW QUESTION # 39
Which fields of a financial accounting document influence the automatic payment program?
Note: There are 3 correct answers to this questions.
- A. Payment transaction
- B. Payment type
- C. Baseline date
- D. Payment method
- E. Term of payment
Answer: A,D,E
NEW QUESTION # 40
Which elements define the integration of asset acquisitions with the general ledger?
Note: There are 2 correct answers to this questions.
- A. Asset Class
- B. Valuation Area
- C. Depreciation Keys
- D. Depreciation Area
Answer: A,D
NEW QUESTION # 41
How can you create an asset under construction?
Note: There are 2 correct answers to this questions.
- A. Automatically, when setting capex cost from an internal order
- B. Manually (transaction AS01), using a specific asset class
- C. Automatically, when creating an investment measure
- D. Automatically, when setting capex cost from a WBS element
Answer: C,D
NEW QUESTION # 42
General Ledger Accounting
"You are responsible for configuring document splitting.
What are some of the ky settings?
Note There are 2 correct answer to this question."
- A. Document number range
- B. Document type
- C. Business transaction variant
- D. Field status variant
Answer: B,C
NEW QUESTION # 43
For which special G/L indicator do you specify a target special G/L indicator?
- A. Vendor down-payment request
- B. Guarantee given
- C. Customer down-payment
- D. Bill of exchange
Answer: A
NEW QUESTION # 44
What area of the benefits of how data handled in SAP S/4HANA?
Note: There are 2 correct answers to this questions.
- A. The data is aggregated in real time from any line item table.
- B. The data is constantly auto-archived to optimize memory usage.
- C. The data is summarized into higher levels of aggregates to accelerate system performance.
- D. The data is available in real time at line item detail.
Answer: A,D
NEW QUESTION # 45
Which field can you change on a posted invoice?
- A. Tax code
- B. Statistical internal order
- C. Basel ine date
- D. Special G/L indicator
Answer: C
NEW QUESTION # 46
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SAP C-TS4FI-2021 certification exam is intended for professionals who want to demonstrate their expertise in SAP Financial Accounting. C_TS4FI_2021 exam is ideal for consultants and SAP users who need to understand the business processes in financial accounting and how to configure SAP S/4HANA for optimal performance. Successful candidates will have a thorough understanding of the SAP S/4HANA system and the ability to use it to support financial accounting processes.
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