[Jan-2024] Free C_TS4FI_2021 Exam Questions C_TS4FI_2021 Actual Free Exam Questions
Verified C_TS4FI_2021 dumps and 83 unique questions
NEW QUESTION # 21
Asset Accounting
"You are responsible for implementing Asset Accounting. You are provided with the legacy data of various assets and their grouping information based on classifications, useful life, and depreciation terms.
What configuration step would you initiate to maintain these categories in SAP S/4HANA?"
- A. Define depreciation areas for each category of legacy asset
- B. Configure depreciation keys and calculation keys
- C. Define a depreciation area to transfer all the legacy data
- D. Define asset classes and maintain their attributes
Answer: B
NEW QUESTION # 22
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 only post to the account in CAD and USD.
- B. You can only post to the account in CAD.
- C. You can post to the account in any currency and it will be converted into CAD.
- D. You can only post to the account in CAD, USD, and EUR.
Answer: B
NEW QUESTION # 23
You are starting the fiscal year-end process in Asset Accounting in SAP S/4HANA.
What are the year-end closing program checks for Asset Accounting?
Note: There are 2 correct answers to this questions.
- A. Asset master data is complete and without errors.
- B. The fixed asset fiscal year change is complete.
- C. Posting periods are closed for asset G/L accounts.
- D. Depreciation is posted in full for all assets.
Answer: A,D
NEW QUESTION # 24
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. Maintain open item selection parameters.
- B. Rank bank accounts for payment.
- C. Define maximum amounts to be paid per supplier.
- D. Review the payment proposal exception list.
Answer: A,D
NEW QUESTION # 25
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 value-added tax
- C. Items with sales and use tax
- D. Items with withholding tax
- E. Statistical postings
Answer: A,E
NEW QUESTION # 26
Accounts Payable & Accounts Receivable
"In your system, you currently perform manual outgoing payments and you want to use the automatic payment program.
Which settings must you maintain as part of the configuration of the automatic payment program?
Note: There are 2 correct answers to this question."
- A. Bank determination
- B. Payment blocks
- C. Payment terms
- D. Paying company code
Answer: A,D
NEW QUESTION # 27
Asset Accounting.
"You are starting the fiscal year-end process in Asset Accounting in SAP S/4 HANA.
What are the year-end closing program checks for Asset Accounting?
Note: There are 2 correct answers to this question"
- A. Posting periods are closed for asset G/L accounts
- B. Depreciation is posted in full for all assets
- C. Asset master data is complete and without errors
- D. The fixed asset fiscal year change is complete
Answer: B,C
NEW QUESTION # 28
Asset Accounting
"Which of the following should you consider when defining asset number ranges?
Note: There are 2 correct answers to this question."
- A. Asset number range are defined at chart of depreciation level.
- B. Asset number range are defined for asset classes and are company code specific.
- C. Each asset class can have either an internal or external number range.
- D. Each asset number range must be assigned to a unique asset class.
Answer: B,C
NEW QUESTION # 29
Accounts Payable & Accounts Receivable
"Which of the following statemens best describe a noted item?
Note: There are 2 correct answers to this question"
- 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 # 30
You want to create a substitution in Financial Accounting. Which parts do you have to define for each step of the substitution? Note: There are 2 correct answers to this question.
- A. Replacement
- B. Prerequisite
- C. Message
- D. Check
Answer: A,B
NEW QUESTION # 31
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 excluded from 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 included in the calculation
Answer: B
NEW QUESTION # 32
You are responsible for implementing Asset Accounting. You are provided with the legacy data of various assets and their grouping information based on classifications, useful life, and depreciation terms.
What configuration step would you initiate to maintain these categories in SAP S/4HANA?
- A. Define depreciation areas for each category of legacy asset.
- B. Define depreciation keys and calculation keys.
- C. Define depreciation areas to transfer all the legacy data.
- D. Define asset classes and maintain their attributes.
Answer: 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 reference indicator
- B. Remove the main asset indicator
- C. Remove the asset class indicator
- D. Remove the subnumber indicator
Answer: A
NEW QUESTION # 34
You want to create a substitution in Financial Accounting.
Which parts do you have to define for each step of the substitution?
Note: There are 2 correct answers to this questions.
- A. Prerequisite statement
- B. Callup point
- C. Check statement
- D. Substitution values
Answer: A,D
NEW QUESTION # 35
What dunning-related data do you maintain on the business partner master record?
Note: There are 2 correct answers to this questions.
- A. Dunning interval
- B. Dunning area
- C. Dunning block
- D. Dunning key
Answer: B,C
NEW QUESTION # 36
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. Change a document
- B. Block an account
- C. Lower the dunning level of an item
- D. Block a line item
- E. Raise the dunning level of an account
Answer: B,C,D
NEW QUESTION # 37
To use the SAP Financial Closing cockpit, which steps are required?
Note: There are 3 correct answers to this questions.
- A. Define the task dependencies.
- B. Create task groups.
- C. Define the person responsible for tasks.
- D. Release the task dependencies.
- E. Create a template.
Answer: A,D,E
NEW QUESTION # 38
Which statement best describe extension ledgers in SAP S/4HANA?
Note: There are 2 correct answers to this questions.
- A. Extension ledgers can be assigned their own posting period variant
- B. Extension ledgers can have different currencies than the underlying ledger
- C. Extension ledgers can be assigned their own fiscal year variant
- D. Multiple extension ledgers can point to the same underlying ledger
Answer: A,D
NEW QUESTION # 39
You define custom currency type Zl for your company code. Which currency types must be stored in the Data End view?
Note: There are 2 correct answers to this questions.
- A. Company code currency
- B. Global currency
- C. Custom currency type Zl
- D. Document currency
Answer: A,D
NEW QUESTION # 40
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SAP C-TS4FI-2021 certification exam is a prerequisite for many job roles in financial accounting using SAP S/4HANA. It is an industry-recognized certification that demonstrates the candidate's expertise in financial accounting processes in SAP S/4HANA. SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021) certification is recognized globally, and candidates who pass the exam become SAP Certified Application Associates in SAP S/4HANA for Financial Accounting Associates.
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