New 2023 Realistic C_TS4FI_2021 Dumps Test Engine Exam Questions in here [Q11-Q34]

Rate this post

New 2023 Realistic C_TS4FI_2021 Dumps Test Engine Exam Questions in here

Updated Official licence for C_TS4FI_2021 Certified by C_TS4FI_2021 Dumps PDF

QUESTION 11
You are configuring asset-related postings of depreciation areas in Asset Accounting. Which of the following settings is “NOT” permitted?

Area does not post

Area posts depreciation only

Area posts in real time

Area posts revaluation only

QUESTION 12
Asset Accounting
“In your SAP S/4HANA system, you report financial values for three separate accounting principles. You post an acquisition for an asset that is capitalize in a single accounting priciple.
If you use the application to post integrated asset acquisitions, how many documents will the system post?”

QUESTION 13
What difference between the ledger approach and the accounts approach to parallel valuation in Asset Accounting?

Unlike the ledger approach in the accounts approach, you assign a separate set of accounts for each accounting principle

Unlike the ledger approach in the accounts approach, you maintain additional depreciation areas to post the delta valuation of each accounting principle

Unlike the ledger approach in the accounts approach, you define a technical clearing account for integrated asset ^ acquisitions

Unlike the ledger approach in the accounts approach, you assign a ledger group to every depreciation area

QUESTION 14
You want to edit a dunning proposal.
Which actions can you perform?
Note: There are 3 correct answers to this questions.

Block an account.

Raise the dunning level of an item.

Change a document.

Lower the dunning level of an item.

Block a I ine item.

QUESTION 15
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.

Company code

Payment method

Bank master data

Bank control key

General ledger account

QUESTION 16
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.”

It is possible to calculate and post depreciation in the balance sheet depreciation area for assets under construction

It is impossible to use assets under construction with Investment Management

It is possible to post credit memos, even after assets under construction are fully capitalized

It is possible to post special tax depreciation and investment support for assets under construction

QUESTION 17
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. “

The posting period variant must be created and assigned.

Number range and document types must be maintained.

User must be assined to a tolerance group.

Line item text templates must be maintained.

QUESTION 18
For which special G/L indicator do you specify a target special G/L indicator?

Bill of exchange

Vendor down-payment request

Customer down-payment

Guarantee given

QUESTION 19
“Organizational Assignments and Process Integration “
“Ypu need to post customer invoices via interface from a non-SAP system. You want to define a new document type with a specific document number range that matches the document numbers of the source system.
How do you define the document number range?”

You must use external number assignment.

You can use internal or external number assignment, but it has to be continuous.

You must use internal number assignment.

You can use internal or external number assignment.

QUESTION 20
What archiving step must precede archiving a supplier invoice posted directly to FI?

Archive accounts payables master data

Archive data in CO

Archive FI transaction figures

Perform compression run

QUESTION 21
Financial Closing
What is the order of configuration within SAP Financial Closing Cockpit?

Create template, create task list, create tasks, define dependencies, release task list

Create task list, release task list, define dependencies, create template, create tasks

Create template, create tasks, define depedencies, create task list, release task list

Define dependencies, create template, create tasks, create task list, release task list

QUESTION 22
A general ledger account is defined with the account type “Nonoperating Expense or Income” Where can this account be used?

Profit and loss account that is used in margin analysis

Profit and loss account that is used in margin analysis and profit center accounting

Profit and loss account that is used in overhead management accounting

Profit and loss account that is used in profit center accounting

QUESTION 23
General Ledger Accounting
What does the document splitting functionality do?

It enriches all relevant balance sheet account lines with the defined splitting characteristics.

It enables the automatic creation of an additional posting document in case the original document contains more than 999 line items.

It enriches all customer and vendor line items with the defined splitting characteristics in the relevant subledgers.

It enables the automatic create of additional posting documents for each defined spliiting charecteristic.

QUESTION 24
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?”

The balance of the new account is added to the non-assigned section and is included in the calculation

The balance of the new account is added to the notes in the financial statement item section and is included in the calculation

The balance of the new account is added to the notes in the financial statement item section and is excluded from the calculation

The balance of the new account is added to the non-assigned section and is excluded from the calculation

QUESTION 25
Asset Accounting
How can you perform transfers of asset between company codes with differet chart of depreciation?

Enter depreciation area mapping during intercompany transfer posting.

Define a global transfer variant and assign all the depreciation areas to it.

Ensure the same depreciation areas are used in all charts of depreciation.

Configure the cross-company depreciation areas in Customizing.

QUESTION 26
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?”

Business Area

Profitability segment

Functional Area

Segment

QUESTION 27
In your SAPS/4HANA system, you want to archive the G/L accounts that are not used by the business in any company code. What are prerequisites to archiving all data of a G/L account?
Note: There are 3 correct answers to this questions.

Set the deletion flag in the company code data of the G/L account.

The account is not used in any automatic account determination.

Transactional figures are older than a customizable amount of years.

Set the deletion flag in the chart of accounts data of the G/L account.

There are no transaction figures for the account.

QUESTION 28
You must run the foreign currency valuation for both US GAAP and IFRS. which leads to different values for the two different accounting principles.
How can you set this up in the system?

Define two valuation methods and assign the ledger groups to the new valuation methods

Define two valuation area and assign and two extension ledgers with relevant links to accounting principles

Define two valuation methods and assign the accounting principles to the new valuation methods

Define two valuation area and assign and two accounting principles with relevant links to ledgers

QUESTION 29
General Ledger Accounting
How does the system perform the normal reversal of a journal entry?

It creates an inverse posting by resetting the transaction figures

It creates an inverse posting by decreasing the transaction figures

creates an inverse posting by increasing the transaction figures

It creates the inverse posting of a cleared document before resetting it

QUESTION 30
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.

In the accounts approach, you assign a separate set of accounts for each accounting principle, unlike the ledger approach.

In the leger approach, you maintain additional depreciation areas to post the delta valuation of each accouting principle, unlike the accounts approach.

In the accounts approach, you define a technical clearing account for integrated asset acquisitions, unlike the ledger approach.

In the ledger approach, you assign a ledger group to every depreciation area, unlike the account approach.

QUESTION 31
Which of the following closing activities is a so-called technical closing step?

Process purchase order accruals

Perform asset depreciation run

Perform valuations of open items in foreign currency

Close the previous period in Material Management (MM)

QUESTION 32
Besides using the profit center, which options does General Ledger Accounting with document splitting provide to assign a segment to the posting line? Note: There are 2 correct answers to this question.

Standard account assignment using constants

Configuration of the derivation logic with derivation sequence and steps

BAdl implementation (FAGL_DERIVE_SEGMENT)

Definition of validation rules

QUESTION 33
The country that your company code operates in has defined a new VAT tax rate percentage of 15%, which will become effective at the star of the next fiscal year. You create the new VAT codes 05 and 15 to cover this requirement.
How can you ensure that users use the new tax codes when entering tax relevant documents starting next year?

Enter the new tax codes as default for users who have authorization to post general ledger transactions after balance carry forward is done

Enter the appropriate new VAT code in the tax category field of the relevant expense and revenue G/L accounts after balance carry forward is done

Create a substitution that changes the deprecated VAT code when relevant new one when entering documents with posting data in the new year

Create a validation that issues an error when the user uses a deprecated VAT code when entering documents with posting data in the new year

QUESTION 34
General Ledger Accounting
“How does SAP S/4HANA support the treatment of taxes?
Note: There are 3 correct answers to this question.”

It posts the tax amount to tax accounts.

It perform tax adjustments for cash discounts and other forms of deductions.

It checks the tax amount entered and automatically calculates the tax.

It adjusts the tax codes and automatically updated the procedure.

It checks the tax codes and automatically updates the tax rates based on changes by the tax authorities.

SAP Certified Application Associate – SAP S/4HANA for Financial Accounting Associates (C_TS4FI_2021) certification exam is designed to test the knowledge and skills of professionals who are responsible for implementing and configuring financial accounting with SAP S/4HANA. C_TS4FI_2021 exam is intended for individuals who have a solid understanding of financial accounting principles and processes as well as experience with SAP S/4HANA.

SAP C_TS4FI_2021 certification exam covers a range of topics related to SAP S/4HANA financial accounting, including general ledger accounting, accounts payable and receivable, asset accounting, financial closing, and reporting. C_TS4FI_2021 exam consists of 80 multiple-choice questions and has a time limit of 180 minutes. To pass the exam, candidates must score at least 65% on the overall exam.

Grab latest SAP C_TS4FI_2021 Dumps as PDF Updated: https://www.testkingfree.com/SAP/C_TS4FI_2021-practice-exam-dumps.html