Best SAP C-TS4FI-2021 2023 Training With 83 QA's
SAP C-TS4FI-2021 Certification Exam Questions
NEW QUESTION # 46
Overview and Deployment of SAP S/4HANA
"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 question"
- A. You want to clean up your system and use SAP Best Practices
- B. You want to integrate the system into SAP Cloud Platform
- C. You want to use document splitting for the General Ledger
- D. You want to deploy SAP S/4HANA Cloud
Answer: A,D
NEW QUESTION # 47
General Ledger Accounting
"Besides using the profit center, which options dose 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. Standard account assignment using constants
- B. Assignment of default segments to G/L accounts
- C. Definition of validation rules
- D. Badi implementation (FAGL_DERIVE_SEGMENT)
Answer: C,D
NEW QUESTION # 48
Accounts Payable and Accounts Receivable
You want to edit a dunning proposal. Which actions can you perform to edit a dunning proposal? (3 correct answers)
- A. Block an account
- B. Block a line item
- C. Lower the dunning level of an item
- D. Raise the dunning level of an account
- E. Change a document
Answer: A,B,C
NEW QUESTION # 49
Which steps are required to create a substitution in Financial Accounting?
Note: There are 3 correct answers to this questions.
- A. Specify an authorization group.
- B. Select Activation Level 2.
- C. Assign the substitution rule to the controlling area.
- D. Define the substitution rule with its different steps using the formula editor.
- E. Select the correct call-up point.
Answer: A,B,D
NEW QUESTION # 50
Accounts Payable and Accounts Receivable
What dunning -related data do you maintain on the business partner master record? (3 correct answers)
- A. Dunning interval
- B. Dunning block
- C. Dunning Key
- D. Dunning procedure
- E. Dunning area
Answer: B,C,D
NEW QUESTION # 51
"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. Assign the substitution rule to the controlling area.
- B. Define the substitution rule with its different steps using the formula editor.
- C. Specify an authorization group.
- D. Select activation level 2.
- E. Select the correct call-up point.
Answer: A,C,D
NEW QUESTION # 52
Asset Accounting
How can you perform transfers of asset between company codes with differet chart of depreciation?
- A. Define a global transfer variant and assign all the depreciation areas to it.
- B. Configure the cross-company depreciation areas in Customizing.
- C. Enter depreciation area mapping during intercompany transfer posting.
- D. Ensure the same depreciation areas are used in all charts of depreciation.
Answer: B
NEW QUESTION # 53
You are asked to explain how assets under construction work in SAP S4/HANA What should you highlight?
Note: There are 2 correct answers to this questions.
- A. It's possible to to use asset under construction with investment management
- B. It's possible to post special tax depreciation and investment support for assets under construction
- C. It's possible to post credit memos, ever after assets under construction are fully capitalized
- D. It's possible to calculate and post depreciation in the balance sheet depreciation area for assets under construction
Answer: B,C
NEW QUESTION # 54
Which of the following is technical year-end closing activity in SAP S4/HANA?
- A. Accruals must be posted
- B. Balance sheet adjustments must be posted
- C. Ledger balances must be carried forward
- D. Foreign currency valuation must be posted
Answer: C
NEW QUESTION # 55
Financial Closing
What is the purpose of period interval 3 when you define open and closed periods?
- A. Posting to the extension ledge
- B. Posting to special periods
- C. posting to special putpose ledge
- D. Posting from CO to FI
Answer: D
NEW QUESTION # 56
How does the system determine the correspondence type of a payment notice?
- A. According to the reason code, as all reason codes carry the same correspondence type
- B. According to the tolerance group, as long as all tolerance groups carry the same correspondence type
- C. According to the tolerance group, as all reason codes 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 # 57
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. Posting date
- B. Value date
- C. Goods receipt date
- D. Entry date
- E. Document date
Answer: A,D,E
NEW QUESTION # 58
What is shared between all deployment options for SAP S/4HANA (Cloud, On-Premise) Note: There are 3 correct answers to this questions.
- A. User experience
- B. Configuration options
- C. Data model
- D. Code line
- E. Upgrade intervals
Answer: A,C,D
NEW QUESTION # 59
Financial Closing
"What are the features of the Accrual Engine in SAP S/4HANA?
Note: There are 2 correct answers to this question"
- A. Accrual postings with a maximum of two line items are supported
- B. The fiscal year variant of the general ledger is supported
- C. All accrual calculations must be reviewed and approved before posting
- D. All currencies of the general ledger are supported
Answer: B,D
NEW QUESTION # 60
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. Review the payment proposal exception list.
- B. Rank bank accounts for payment.
- C. Maintain open item selection parameters.
- D. Define maximum amounts to be paid per supplier.
Answer: A,C
NEW QUESTION # 61
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 last posting period must be open for posting in the period control.
- B. The special period must be open for posting in the period control.
- C. You must enter a posting date in the last posting period.
- D. The balance carry-forward to the new fiscal year must have taken control.
Answer: A,C
NEW QUESTION # 62
Financial Closing
"You perform foreign currency valuation for open items of your supplier accounts. The valuations will be used only for period end reporting and should then be reversed.
What account does the system use to post the valuation differences?"
- A. Supplier reconciliation G/L account
- B. Adjustment G/L account for foreign currency
- C. Individual supplier accounts with special G/L indicator
- D. Alternative reconciliation G/L account
Answer: B
NEW QUESTION # 63
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 deploy SAP S/4HANA Cloud.
- B. You want to clean up your system and use SAP Best Practices.
- C. You want to integrate the system with SAP Business Technology Platform.
- D. You want to use document splitting for the General Ledger.
Answer: A,B
NEW QUESTION # 64
How can you define a matching method for intercompany reconciliation?
- A. It must be defined as master data
- B. it can be automatically determined by a user exit
- C. It can be either defined as master data or as configuration
- D. It must be defined as configuration
Answer: D
NEW QUESTION # 65
Which statements best describe a profit center?
Note: There are 2 correct answers to this questions.
- A. It is the only object that can be uniformly derived using segments.
- B. It is an object for which separate balance sheet and P&L statements can be created, whether segments are being maintained or not.
- C. It is the only object from which segments can be uniformly derived.
- D. It is an object for which separate balance sheet and P&L statements are ,created only when used in conjunction segments.
Answer: B,C
NEW QUESTION # 66
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 # 67
What are the features of the Accrual Engine in SAP S/4HANA?
Note: There are 2 correct answers to this questions.
- A. All accrual calculations must be reviewed and approved before posting.
- B. All currencies of the general ledger are supported.
- C. The fiscal year variant of the general ledger is supported.
- D. Accrual postings with a maximum of two line items are supported.
Answer: B,C
NEW QUESTION # 68
Asset Accounting
What is the difference between the ledger approach and the accounts approach to parallel caluation in Asset Accounting?
Note: There are 1 correct answers to this question.
- A. In the accounts approach, you assign a separate set of accounts for each accounting principle, unlike the ledger approach.
- B. In the accounts approach, you define a technical clearing account for integrated asset acquisitions, unlike the ledger approach.
- C. In the leger approach, you maintain additional depreciation areas to post the delta valuation of each accouting principle, unlike the accounts approach.
- D. In the ledger approach, you assign a ledger group to every depreciation area, unlike the account approach.
Answer: A
NEW QUESTION # 69
Which of the following statement best describe a noted item?
Note: There are 2 correct answers to this questions.
- A. It has an automatic statistical offsetting entry
- B. It can be accessed by the payment program
- C. It updates the subledger and the general ledger
- D. It can be used to remind the user about due payments
Answer: B,D
NEW QUESTION # 70
How does SAP S4/HANA support the treatment of taxes?
Note: There are 3 correct answers to this questions.
- A. It checks the tax codes and automatically updates the taxes based on changes by tax authorities
- B. It post the tax amount to tax accounts
- C. It performs tax adjustments for cash discounts and other forms of deductions
- D. It checks the tax amount entered and automatically calculates the tax
- E. It adjust the tax codes and automatically updates the procedure
Answer: B,C,D
NEW QUESTION # 71
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SAP C-TS4FI-2021 exam is a valuable certification for financial accounting associates who use SAP S/4HANA for financial accounting. C-TS4FI-2021 exam covers various topics related to financial accounting and SAP S/4HANA functionalities, and passing it requires a thorough understanding of financial accounting processes and the software. Obtaining this certification demonstrates an individual's proficiency in using SAP S/4HANA for financial accounting and can enhance their career opportunities in the field.
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