Pass Your C-TS4FI-2021 Dumps as PDF Updated on 2023 With 83 Questions
SAP C-TS4FI-2021 Real Exam Questions and Answers FREE
SAP C-TS4FI-2021 Exam is a computer-based exam that consists of 80 multiple-choice questions. Candidates have 180 minutes to complete the exam and must achieve a passing score of 63% or higher. C-TS4FI-2021 exam is available in several languages, including English, German, Spanish, French, Russian, and Chinese.
NEW QUESTION # 46
To use the SAP Financial Closing cockpit, which steps are required? Note: There are 3 correct answers to this question.
- A. Release task list
- B. Create template
- C. Define person responsible for tasks
- D. Define task dependencies
- E. Create task groups
Answer: B,D,E
NEW QUESTION # 47
Which fields of a financial accounting document influence the automatic payment program?
Note: There are 3 correct answers to this questions.
- A. Payment type
- B. Payment transaction
- C. Payment method
- D. Baseline date
- E. Term of payment
Answer: B,C,E
NEW QUESTION # 48
What archiving step must precede archiving a supplier invoice posted directly to FI?
- A. Archive FI transaction figures
- B. Archive data in CO
- C. Archive accounts payables master data
- D. Perform compression run
Answer: A
NEW QUESTION # 49
Which of the following statements are valid for financial document number ranges?
Note: There are 3 correct answers to this questions.
- A. Financial document number ranges must be defined for the year in which they are used
- B. Financial document number ranges are defined at company code level
- C. The same financial document number range can be assigned to several document type
- D. All financial document number ranges can contain numbers and/or letters
- E. Financial document number ranges defined at client level should NOT overlap
Answer: B,C,E
NEW QUESTION # 50
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 # 51
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 asset classes and maintain their attributes.
- B. Define depreciation areas to transfer all the legacy data.
- C. Define depreciation areas for each category of legacy asset.
- D. Define depreciation keys and calculation keys.
Answer: A
NEW QUESTION # 52
"Organizational Assignments and Process Integration "
"You are running an international business and you want to separate legal entities to run operations and perform accounting activities.
Which organizatinal unit do you need to create for each legal entity?"
- A. Business Area
- B. Consolidation Unit
- C. Company
- D. Company Code
Answer: D
NEW QUESTION # 53
What are prerequisites for the 3-way match to work in procurement transactions?
Note: There are 2 correct answers to this questions.
- A. Invoice receipt posted before the goods receipt
- B. Invoice receipt posted in reference to the purchase order
- C. Good receipt posted before the invoice receipt
- D. Goods receipt posted in reference to the purchase order
Answer: B,D
NEW QUESTION # 54
You have been asked to set up house banks as part of the implementation.
What information do you need?
Note: There are 3 correct answers to this questions.
- A. Company code
- B. Payment method
- C. Bank control key
- D. Bank master data
- E. General ledger account
Answer: A,D,E
NEW QUESTION # 55
Accounts Payable & Accounts Receivable
Which field can you change on a posted invoice?
- A. Special G/L indicator
- B. Statistical internal order
- C. Basel ine date
- D. Tax code
Answer: C
NEW QUESTION # 56
Asset Accounting
Which date is used to determine the depreciation start date?
- A. Posting date
- B. Document date
- C. Asset value date
- D. Baseline date
Answer: C
NEW QUESTION # 57
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. Posting periods are closed for asset G/L accounts.
- B. The fixed asset fiscal year change is complete.
- C. Asset master data is complete and without errors.
- D. Depreciation is posted in full for all assets.
Answer: C,D
NEW QUESTION # 58
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. Maintain exchange rates daily
- B. Set up the relationship between currencies using translation ratios
- C. Specify the company code currency as the base currency
- D. Specify a purpose for the exhange rate type
Answer: A,B
NEW QUESTION # 59
You post a purchase order.
For which expenses does the system calculate accruals?
Note: There are 2 correct answers to this questions.
- A. Raw material purchases
- B. Consulting Services
- C. Fixed asset purchases
- D. Insurance premiums
Answer: A,C
NEW QUESTION # 60
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 # 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. 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 # 62
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SAP C-TS4FI-2021 Exam is an essential certification for professionals who want to validate their expertise in SAP S/4HANA for Financial Accounting Associates. SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021) certification is recognized globally and is highly respected in the industry. SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021) certification validates the candidate's knowledge and skills in financial accounting processes and their implementation in SAP S/4HANA. SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021) certification is ideal for consultants, project managers, and business analysts who want to improve their knowledge of financial accounting processes and their implementation in SAP S/4HANA.
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