SAP Certified Application Associate Certification C_TS4FI_2021 Sample Questions Reliable
Prepare for the Actual SAP Certified Application Associate C_TS4FI_2021 Exam Practice Materials Collection
NEW QUESTION 29
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. Business Area
- B. Profitability segment
- C. Functional Area
- D. Segment
Answer: B
NEW QUESTION 30
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. Adjustment G/L account for foreign currency
- B. Alternative reconciliation G/L account
- C. Individual supplier accounts with special G/L indicator
- D. Supplier reconciliation G/L account
Answer: A
NEW QUESTION 31
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. Specify a purpose for the exhange rate type
- B. Set up the relationship between currencies using translation ratios
- C. Specify the company code currency as the base currency
- D. Maintain exchange rates daily
Answer: B,D
NEW QUESTION 32
Asset Accounting
"Which of the following are valid settlement receivers when you perform settlement for an asset under construction on a line Item basis?
Note: There are 2 correct answers to this question."
- A. Functional area
- B. Profit center
- C. Fixed asset
- D. Cost center
Answer: C,D
NEW QUESTION 33
"Organizational Assignments and Process Integration "
What is the recommended organizational unit for cost of sales accounting?
- A. Profit center
- B. Profitability Segment
- C. Controlling area
- D. Functional Area
Answer: D
NEW QUESTION 34
Accounts Payable & Accounts Receivable
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. Guarantee given
- D. Customer down payment
Answer: A
NEW QUESTION 35
Accounts Payable & Accounts Receivable
"You want to configure the default baseline date 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 question."
- A. Goods receipt date
- B. Entry date
- C. Posting date
- D. Document date
- E. Value date
Answer: B,C,D
NEW QUESTION 36
Which requirements do you need to fulfill to use data aging for Finance in the SAP S/4HANA system?
Note:There are 2 correct answers to this question.
- A. Add required authorizations for data aging to your role
- B. Switch on the data aging business function.
- C. Archive transactional data no longer legally required
- D. Define the logical file path as a global path for data aging
Answer: B,C
NEW QUESTION 37
General Ledger Accounting
"A general ledger account has a foreign currency setting of CAD. The company code currency is USD. The controlling area currency is EUR.
Which currencies can you post to this account?"
- A. You can post to the account in any currency and it will be converted into CAD.
- B. You can only post to the account in CAD and USD.
- C. You can only post to the account in CAD, USD, and EUR.
- D. You can only post to the account in CAD.
Answer: D
NEW QUESTION 38
Asset Accounting
"You are asked to explain how assets under construction work in SAP S/4 HANA What should you highlight?
Note: There are 2 correct answers to this question."
- A. It is possible to post special tax depreciation and investment support for assets under construction
- B. It is possible to post credit memos, even after assets under construction are fully capitalized
- C. It is impossible to use assets under construction with Investment Management
- D. It is possible to calculate and post depreciation in the balance sheet depreciation area for assets under construction
Answer: A,B
NEW QUESTION 39
Accounts Payable & Accounts Receivable
"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 question"
- A. Review the payment proposal exception list
- B. Rank bank accounts for payment
- C. Define maximum amounts to be paid per supplier
- D. Maintain open item selection parameters
Answer: A,D
NEW QUESTION 40
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 ledger approach, you assign a ledger group to every depreciation area, unlike the account approach.
- B. In the accounts approach, you assign a separate set of accounts for each accounting principle, unlike the ledger approach.
- C. In the accounts approach, you define a technical clearing account for integrated asset acquisitions, unlike the ledger approach.
- D. In the leger approach, you maintain additional depreciation areas to post the delta valuation of each accouting principle, unlike the accounts approach.
Answer: B
NEW QUESTION 41
General Ledger Accounting
"What items are NOT cleared by the automatic clearing program?
Note: There are 3 correct answers to this question."
- A. Noted items
- B. Items with withholding tax
- C. Items with value-added tax
- D. Statistical postings
- E. Items with sales and use tax
Answer: A,D
NEW QUESTION 42
Financial Closing
What is the purpose of period interval 3 when you define open and closed periods?
- A. Posting to special periods
- B. posting to special putpose ledge
- C. Posting to the extension ledge
- D. Posting from CO to FI
Answer: D
NEW QUESTION 43
Which field can you change on a posted invoice?
- A. Cost center
- B. Tax code
- C. Payment terms
- D. Special GL indicator
Answer: C
NEW QUESTION 44
General Ledger Accounting
At what level is the bank master data stores in SAP S/4 HANA?
- A. At the company code level
- B. At the financial management (FM) area level
- C. At the client level
- D. At the system level
Answer: C
NEW QUESTION 45
Financial Closing
"What are the features of the Accrual Engine in SAP S/4HANA?
Note: There are 2 correct answers to this question"
- A. The fiscal year variant of the general ledger is supported
- B. All accrual calculations must be reviewed and approved before posting
- C. Accrual postings with a maximum of two line items are supported
- D. All currencies of the general ledger are supported
Answer: A,D
NEW QUESTION 46
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. Down payment request
- B. Purchase Requisition
- C. Goodes Receipt
- D. Invoice Receipt
- E. Purchase Order
Answer: C,D,E
NEW QUESTION 47
General Ledger Accounting
"When is it possible to 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 reconciliation account
- C. When an account is set up as a secondary cost element
- D. When an account is set up as balance sheet account
Answer: A,D
NEW QUESTION 48
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
* Communicate differences.
* Post the correction documents. - B. * Present reconciled and non-reconciled data
* Post the correct on documents
* Store the data.
* Communicate differences. - C. * Post the correct on documents
* Store the data.
* Present reconciled and non-reconciled data
* Communicate differences - D. * Store the data.
* Present reconciled and non-reconciled data
* Post the correct on documents
* Communicate differences.
Answer: A
NEW QUESTION 49
"Organizational Assignments and Process Integration "
Which of the following statements best describes how customer down payments are integrated with Sales & Distribution (SD)?
- A. A down payment request is created as an SD billing document, which is automatically posted in FI as a noted item.
- B. A down payment request is created as an FI noted item, which automatically generates as an SD sales order.
- C. A down payment request is created as an SD sales order, which is automatically posted in FI as a noted item.
- D. A down payment request is created as an FI noted item, which automatically generates as an SD billing document.
Answer: D
NEW QUESTION 50
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. Define a global transfer variant and assign all the depreciation areas to it.
- C. Ensure the same depreciation areas are used in all charts of depreciation.
- D. Configure the cross-company depreciation areas in Customizing.
Answer: D
NEW QUESTION 51
Financial Closing
"Which statements best describe extension ledgers in SAP S/4HANA?
Note: There are 2 correct answers to this question."
- A. Extension ledgers can have different currencies than the underlying.
- B. Extension ledger can be assigned their own fiscal year variant.
- C. Extension ledgers can be assigned their own posting period variant.
- D. Multiple extension ledgers can point to the same underlying ledger.
Answer: B,D
NEW QUESTION 52
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Ace SAP C_TS4FI_2021 Certification with Actual Questions Oct 12, 2022 Updated: https://www.testkingit.com/SAP/latest-C_TS4FI_2021-exam-dumps.html
SAP Certified Application Associate Certified Official Practice Test C_TS4FI_2021: https://drive.google.com/open?id=1AfqLbA2z1QfbCbk0yQKEeNqqUJeztESP