Clear your concepts with C_TS4FI_2021 Questions Before Attempting Real exam
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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 # 48
Accounts Payable and Accounts Receivable
What dunning -related data do you maintain on the business partner master record? (3 correct answers)
- A. Dunning procedure
- B. Dunning Key
- C. Dunning area
- D. Dunning block
- E. Dunning interval
Answer: A,B,D
NEW QUESTION # 49
Asset Accounting
How can you perform transfers of asset between company codes with differet chart of depreciation?
- A. Enter depreciation area mapping during intercompany transfer posting.
- B. Ensure the same depreciation areas are used in all charts of depreciation.
- C. Define a global transfer variant and assign all the depreciation areas to it.
- D. Configure the cross-company depreciation areas in Customizing.
Answer: D
NEW QUESTION # 50
Financial Closing
Which of the following is a technical year-end closing activity is SAP S/4HANA?
- A. Balance sheet adjustments must be posted.
- B. Foreign currency valuation must be posted.
- C. Accruals must be posted.
- D. Ledger valances must be carried forward.
Answer: D
NEW QUESTION # 51
What does the document type control?
Note: There are 3 correct answers to this questions.
- A. Whether postings to special periods are permitted
- B. Which account type are allowed for postings
- C. Whether negative posting are permitted
- D. Which posting keys are allowed for postings
- E. whether postings to secondary cost accounts are permitted
Answer: A,B,C
NEW QUESTION # 52
General Ledger Accounting
For which account can you perform account clearing in SAP S/4HANA?
- A. For any balance sheet account managed on a line item basis
- B. For any G/L account defined as reconciliation account
- C. For any account that is managed on an open item basis
- D. For any account that is assigned to a financial statement version
Answer: B
NEW QUESTION # 53
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 type
- C. BP role
- D. BP category
Answer: B,C
NEW QUESTION # 54
"Organizational Assignments and Process Integration "
"You want to define a validation for the combination of general ledger account and cost center.
For which call-up point do you define this validation?"
- A. Document line
- B. Document header
- C. Cost of sales accounting
- D. Complete document
Answer: A
NEW QUESTION # 55
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. Payment terms
- B. Payment run
- C. Bank determination
- D. Paying company codes
Answer: C,D
NEW QUESTION # 56
Financial Closing
"Which statements best describe extension ledgers in SAP S/4HANA?
Note: There are 2 correct answers to this question."
- A. Extension ledger can be assigned their own fiscal year variant.
- B. Multiple extension ledgers can point to the same underlying ledger.
- C. Extension ledgers can have different currencies than the underlying.
- D. Extension ledgers can be assigned their own posting period variant.
Answer: A,B
NEW QUESTION # 57
What items are NOT cleared by automatic clearing program?
Note: There are 3 correct answers to this questions.
- A. Items with withholding tax
- B. Items with value-added tax
- C. Statistical postings
- D. Items with- sales and use tax
- E. Noted items
Answer: A,C,E
NEW QUESTION # 58
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 aggregated on the fly from any line item table.
- B. The data is available in real time at line item detail.
- C. The data is summarized into higher levels of aggregated to help system performance.
- D. The data is constantly auto archived to optimize memory usege.
Answer: A,B
NEW QUESTION # 59
Which field can you change on a posted invoice?
- A. Special GL indicator
- B. Tax code
- C. Cost center
- D. Payment terms
Answer: D
NEW QUESTION # 60
Which of the following should you consider when defining asset number range?
Note: There are 2 correct answers to this questions.
- A. Each asset number range must be assigned to unique asset class
- 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. Asset number ranges are defined for asset classes and are company code specific
Answer: B,D
NEW QUESTION # 61
Accounts Payable & Accounts Receivable
"Which fields of a financial accounting document influence the automatic payment program?
Note: There are 3 correct answers to this question."
- A. Terms of payment
- B. Baseline date
- C. Payment transaction
- D. Payment type
- E. Payment method
Answer: A,B,E
NEW QUESTION # 62
Which parameter indicates that a line can be dunned only with restrictions?
- A. Dunning grouping
- B. Dunning Key
- C. Dunning block reason
- D. Dunning area
Answer: B
NEW QUESTION # 63
Accounts Payable & Accounts Receivable
Which parameter indicates that a line item can only be dunned with restrictions?
- A. Group key
- B. Dunning block reason
- C. Dunning key
- D. Dunning area
Answer: C
NEW QUESTION # 64
General Ledger Accounting
"How does SAP S/4HANA support the treatment of taxes?
Note: There are 3 correct answers to this question."
- A. It perform tax adjustments for cash discounts and other forms of deductions.
- B. It checks the tax codes and automatically updates the tax rates based on changes by the tax authorities.
- C. It checks the tax amount entered and automatically calculates the tax.
- D. It adjusts the tax codes and automatically updated the procedure.
- E. It posts the tax amount to tax accounts.
Answer: A,C,E
NEW QUESTION # 65
Which of the following statement best describe a noted item?
Note: There are 2 correct answers to this questions.
- A. It updates the subledger and the general ledger
- B. It has an automatic statistical offsetting entry
- C. It can be accessed by the payment program
- D. It can be used to remind the user about due payments
Answer: C,D
NEW QUESTION # 66
What do you define when configuring asset classes?
Note: There are 3 correct answers to this questions.
- A. Number ranges
- B. Posting keys
- C. Account determination
- D. Screen layout rule
- E. Transaction types
Answer: A,C,D
NEW QUESTION # 67
You assign currency type 40 to your company code in ledger 0L
Which source currency types can you select?
Note: There are 2 correct answers to this questions.
- A. Document currency
- B. Controlling area currency
- C. Group currency
- D. Company code currency
Answer: B,D
NEW QUESTION # 68
What is the purpose of the chart of depreciation?
- A. The chart of depreciation is a reporting tool that structures your assets for hierarchical reporting.
- B. The chart of depreciation manages country-specific legal valuation of fixed assets
- 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: B
NEW QUESTION # 69
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