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SAP C_TS4FI_2021 exam is designed to test the knowledge of individuals who are interested in and working with SAP S/4HANA for Financial Accounting. C_TS4FI_2021 exam is intended for application associates who are responsible for the implementation and configuration of financial accounting with SAP S/4HANA. C_TS4FI_2021 exam evaluates the candidate's knowledge of key areas such as financial closing, general ledger accounting, accounts payable and receivable, asset accounting, and financial reporting.
SAP C-TS4FI-2021 certification exam is an excellent opportunity for individuals to validate their knowledge and skills in financial accounting and SAP S/4HANA. It is a highly respected certification and can provide individuals with a competitive edge in the job market.
SAP C-TS4FI-2021 certification is ideal for professionals who work in financial accounting and want to upgrade their skills to the latest version of SAP S/4HANA. SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021) certification can help candidates demonstrate their expertise in SAP S/4HANA Financial Accounting and increase their job opportunities and earning potential. Moreover, the certification is recognized globally and can be a valuable asset for candidates who want to work for multinational companies.
NEW QUESTION # 24
"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 sales order, 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 billing document.
- C. A down payment request is created as an FI noted item, which automatically generates as an SD sales order.
- D. A down payment request is created as an SD billing document, which is automatically posted in FI as a noted item.
Answer: B
NEW QUESTION # 25
A general ledger account is defined with the account type "Nonoperating Expense or Income" Where can this account be used?
- A. Profit and loss account that is used in margin analysis
- B. Profit and loss account that is used in profit center accounting
- C. Profit and loss account that is used in overhead management accounting
- D. Profit and loss account that is used in margin analysis and profit center accounting
Answer: C
NEW QUESTION # 26
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. Rank bank accounts for payment
- B. Define maximum amounts to be paid per supplier
- C. Review the payment proposal exception list
- D. Maintain open item selection parameters
Answer: C,D
NEW QUESTION # 27
What area of the benefits of how data handled in SAP S/4HANA?
Note: There are 2 correct answers to this questions.
- A. The data is aggregated in real time from any line item table.
- B. The data is constantly auto-archived to optimize memory usage.
- C. The data is available in real time at line item detail.
- D. The data is summarized into higher levels of aggregates to accelerate system performance.
Answer: A,C
NEW QUESTION # 28
You are running an international business and you want to set up separate legal entities to run operations and perform accounting activities.
Which organizational unit do you need to create for each legal entity?
- A. Company Code
- B. Company
- C. Consolidation unit
- D. Segment
Answer: A
NEW QUESTION # 29
What are the maintenance levels of a screen layout rule for asset master data? Note:There are 3 correct answers to this question
- A. Depreciation area
- B. Group asset
- C. Main asset number
- D. Asset class
- E. Asset sub number
Answer: C,D,E
NEW QUESTION # 30
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.
- A. BAdl implementation (FAGL_DERIVE_SEGMENT)
- B. Definition of validation rules
- C. Configuration of the derivation logic with derivation sequence and steps
- D. Standard account assignment using constants
Answer: A,C
NEW QUESTION # 31
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. Define the person responsible for tasks.
- C. Release the task dependencies.
- D. Create a template.
- E. Create task groups.
Answer: A,C,D
NEW QUESTION # 32
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 a depreciation area to transfer all the legacy data
- B. Define depreciation areas for each category of legacy asset
- C. Define asset classes and maintain their attributes
- D. Configure depreciation keys and calculation keys
Answer: D
NEW QUESTION # 33
Asset Accounting
"Which of the following should you consider when defining asset number ranges?
Note: There are 2 correct answers to this question."
- A. Each asset class can have either an internal or external number range.
- B. Each asset number range must be assigned to a unique asset class.
- C. Asset number range are defined for asset classes and are company code specific.
- D. Asset number range are defined at chart of depreciation level.
Answer: A,C
NEW QUESTION # 34
What is the purpose of the chart of depreciation?
- A. The chart of depreciation defines the asset classes for which you can create fixed assets
- B. The chart of depreciation is a reporting tool that structures your assets for hierarchical reporting.
- C. The chart of depreciation manages country-specific legal valuation of fixed assets
- D. The chart of depreciation substitutes the operational chart of accounts in asset-related postings.
Answer: C
NEW QUESTION # 35
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 post special tax depreciation and investment support for assets under construction
- B. It's possible to post credit memos, ever after assets under construction are fully capitalized
- C. It's possible to calculate and post depreciation in the balance sheet depreciation area for assets under construction
- D. It's possible to to use asset under construction with investment management
Answer: A,B
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. Define the logical file path as a global path for data aging
- B. Archive transactional data no longer legally required
- C. Switch on the data aging business function.
- D. Add required authorizations for data aging to your role
Answer: B,C
NEW QUESTION # 37
In your system, you currently perform manual outgoing payments and you want to use the automatic payment program. Which new settings must you maintain as part of the configuration of the automatic payment program?
Note: There are 2 correct answers to this questions.
- A. Bank determination
- B. Payment terms
- C. Paying company codes
- D. Payment run
Answer: A,C
NEW QUESTION # 38
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. Message
- B. Replacement
- C. Prerequisite
- D. Check
Answer: B,C
NEW QUESTION # 39
You want to configure the tax calculation procedures.
What are the main elements you need to define?
Note: There are 3 correct answers to this questions.
- A. Sequence of steps \/ Q Account Key
- B. Condition type
- C. Tax code
- D. Tax category
Answer: A,B,D
NEW QUESTION # 40
General Ledger Accounting
How does the system perform the normal reversal of a journal entry?
- A. It creates an inverse posting by decreasing the transaction figures
- B. It creates the inverse posting of a cleared document before resetting it
- C. It creates an inverse posting by resetting the transaction figures
- D. creates an inverse posting by increasing the transaction figures
Answer: D
NEW QUESTION # 41
which characteristics maps the business partner to the customer and supplier account groups?
- A. Business partner view
- B. Business partner grouping
- C. Business partner role
- D. Business partner account group
Answer: B
NEW QUESTION # 42
Accounts Payable & Accounts Receivable
How does the system determine the correspondence type of a payment notice?
- A. According to the reason code, as long as all the reason code carry the same correspondence type.
- B. According to the reason code, as long as all the tolerance groups carry the same correspondence type.
- C. According to the tolerance group, as long as all the tolerance groups carry the same correspondence type.
- D. According to the tolerance group, as long as all the reason code carry the same correspondence type.
Answer: B
NEW QUESTION # 43
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. Goodes Receipt
- B. Invoice Receipt
- C. Purchase Requisition
- D. Purchase Order
- E. Down payment request
Answer: A,B,D
NEW QUESTION # 44
General Ledger Accounting
"You are responsible for configuring document splitting.
What are some of the ky settings?
Note There are 2 correct answer to this question."
- A. Field status variant
- B. Document type
- C. Document number range
- D. Business transaction variant
Answer: B,D
NEW QUESTION # 45
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