100% Free C-TS4FI-2021 Files For passing the exam Quickly UPDATED Mar 30, 2024
C-TS4FI-2021 Dumps Questions Study Exam Guide
To prepare for the SAP C_TS4FI_2021 exam, you should have a strong understanding of financial accounting processes and SAP S/4HANA. You can prepare for the exam by taking SAP training courses, reading SAP documentation, and practicing with SAP systems. SAP also provides practice exams and study materials to help you prepare for the exam.
NEW QUESTION # 48
Which of the following closing activities is a so-called technical closing step?
- A. Perform asset depreciation run
- B. Process purchase order accruals
- C. Perform valuations of open items in foreign currency
- D. Close the previous period in Material Management (MM)
Answer: D
NEW QUESTION # 49
Financial Closing
"You forget 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 section and is excluded from the calculation
- B. The balance of the new account is added to the notes in the financial statement item section and is included in the calculation
- C. The balance of the new account is added to the non-assigned section and is 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: D
NEW QUESTION # 50
"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. 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 activation level 2.
Answer: A,C
NEW QUESTION # 51
Accounts Payable & Accounts Receivable
"Which documents are needed to complete the 3-way match in procurement transactions?
Note: There are 3 correct answers to this question"
- A. Invoice Receipt
- B. Purchase Order
- C. Down payment request
- D. Purchase Requisition
- E. Goodes Receipt
Answer: A,B,E
NEW QUESTION # 52
You perform foreign currency valuation for open items of you supplier accounts. The valuations will be used only for period end reposting and should them be reversed. What account does the system use to post the valuation differences?
- A. Individual supplier accounts with special G/L indicator
- B. Supplier reconciliation G/L account
- C. Alternative reconciliation G/L account
- D. Adjustment G/L account for foreign currency
Answer: D
NEW QUESTION # 53
What does the document type control?
Note: There are 3 correct answers to this questions.
- A. Whether negative posting are permitted
- B. Whether postings to special periods are permitted
- C. Which posting keys are allowed for postings
- D. whether postings to secondary cost accounts are permitted
- E. Which account type are allowed for postings
Answer: A,B,E
NEW QUESTION # 54
Asset Accounting
"Which elements define the integration of asset acquisitions with the general ledger?
Note: There are 2 correct answers to this question."
- A. Depreciation keys
- B. Asset class
- C. Valuation area
- D. Depreciation area
Answer: B,D
NEW QUESTION # 55
Which steps are required to create a substitution in Financial Accounting?
Note: There are 3 correct answers to this questions.
- A. Select Activation Level 2.
- B. Select the correct call-up point.
- C. Define the substitution rule with its different steps using the formula editor.
- D. Specify an authorization group.
- E. Assign the substitution rule to the controlling area.
Answer: A,C,D
NEW QUESTION # 56
Financial Closing
"You want to post journal entries in a special period.
Which conditions must be met?
Note: There are 2 correct answer to this question."
- A. The balance carry-forward to the new fiscal year must have taken control.
- B. You must enter a posting date in the last posting period.
- C. The special period must be open for posting in the period control.
- D. The last posting period must be open for posting in the period control.
Answer: B,D
NEW QUESTION # 57
Which of the following statement best describe a noted item?
Note: There are 2 correct answers to this questions.
- A. It can be accessed by the payment program
- B. It has an automatic statistical offsetting entry
- C. It updates the subledger and the general ledger
- D. It can be used to remind the user about due payments
Answer: A,D
NEW QUESTION # 58
How does SAP S4/HANA support the treatment of taxes?
Note: There are 3 correct answers to this questions.
- A. It performs tax adjustments for cash discounts and other forms of deductions
- B. It checks the tax codes and automatically updates the taxes based on changes by tax authorities
- C. It checks the tax amount entered and automatically calculates the tax
- D. It adjust the tax codes and automatically updates the procedure
- E. It post the tax amount to tax accounts
Answer: A,C,E
NEW QUESTION # 59
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. Line item text templates must be maintained.
- C. The posting period variant must be created and assigned.
- D. User must be assined to a tolerance group.
Answer: A,C
NEW QUESTION # 60
Accounts Payable & Accounts Receivable
Which parameter indicates that a line item can only be dunned with restrictions?
- A. Dunning key
- B. Dunning area
- C. Group key
- D. Dunning block reason
Answer: A
NEW QUESTION # 61
Which of the following steps do you typically perform during a payment run with the automatic payment program?
Note: There are 2 correct answers to this questions.
- A. Rank bank accounts for payment.
- B. Maintain open item selection parameters.
- C. Review the payment proposal exception list.
- D. Define maximum amounts to be paid per supplier.
Answer: B,C
NEW QUESTION # 62
You are configuring asset-related posting of depreciation areas in Asset Accounting for a company code that uses the ledger approach to parallel valuation.
Which of the following setting would lead to an error?
- A. Area posts not post
- B. Area posts in real time
- C. Area posts APC immediately, depreciation periodically
- D. Area posts depreciation only
Answer: C
NEW QUESTION # 63
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. Consulting services
- B. Raw material purchases
- C. Fixed Asset purchases
- D. Insurance premiums
Answer: B,C
NEW QUESTION # 64
What area the maintenance levels of a screen layout rule for asset master data?
Note: There are 3 correct answers to this questions.
- A. Main asset number
- B. Asset class
- C. Asset subnumber
- D. Group asset
- E. Depreciation area
Answer: A,B,C
NEW QUESTION # 65
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. User experience
- C. Code line
- D. Upgrade intervals
- E. Configuration options
Answer: A,B,C
NEW QUESTION # 66
Financial Closing
What is the purpose of period interval 3 when you define open and closed periods?
- A. Posting to special periods
- B. Posting from CO to FI
- C. Posting to the extension ledge
- D. posting to special putpose ledge
Answer: B
NEW QUESTION # 67
Accounts Payable & Accounts Receivable
"On which levels can you maintain field status controls for business partners (BP)?
Note: There are 2 correct ansers to this question"
- A. Company Code
- B. BP role
- C. BP type
- D. BP category
Answer: B,C
NEW QUESTION # 68
Which of the following are valid settlement receives, when you perform settlement for an asset under construction, on a line item basis?
Note: There are 2 correct answers to this questions.
- A. Fixed asset
- B. Functional area
- C. Cost center
- D. Profit center
Answer: A,C
NEW QUESTION # 69
For which special G/L indicator do you specify a target special G/L indicator?
- A. Vendor down-payment request
- B. Bill of exchange
- C. Customer down-payment
- D. Guarantee given
Answer: A
NEW QUESTION # 70
What can you control with the reason code in Accounts Receivable?
Note: There are 3 correct answers to this questions.
- A. The exclusion of disputed residual items from credit limit checks
- B. The document type of the payment
- C. The special G/L indicator for the down payment
- D. The account where a residual item is posted
- E. The type of payment notice sent to a customer
Answer: A,D,E
NEW QUESTION # 71
What are key reasons for preferring a new implementation of SAP S/4HANA rather than a system conversion from SAP ERP?
Note: There are 2 correct answers to this questions.
- A. You want to clean up your system and use SAP Best Practices.
- B. You want to deploy SAP S/4HANA Cloud.
- C. You want to use document splitting for the General Ledger.
- D. You want to integrate the system with SAP Business Technology Platform.
Answer: A,B
NEW QUESTION # 72
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SAP C_TS4FI_2021 exam is designed to test your understanding of financial accounting processes and your ability to work with SAP S/4HANA. C-TS4FI-2021 exam is divided into multiple choice questions and scenario-based questions. C-TS4FI-2021 exam is timed, and you must complete it within the allotted time to pass.
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