View All C-TS4FI-2021 Actual Exam Questions, Answers and Explanations for Free [Q29-Q53]

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View All C-TS4FI-2021 Actual Exam Questions, Answers and Explanations for Free

C-TS4FI-2021 Exam Free Practice Test with100% Accurate Answers

QUESTION 29
What are some features of SAP HANA?
Note: There are 2 correct answers to this questions.

SAP HANA is optimized to organize data using column stores.

SAP HANA is optimized to work with aggregates and index tables.

SAP HANA is allows transactional and analytical processing from the same tables.

SAP HANA is built on a hierarchical data model architecture.

QUESTION 30
Overview and Deployment of SAP S/4HANA
“What are key reasons for preferring a new implementation of SAP S/4HANA rather than a system conversion from SAP ERP?
Note: There are 2 correct answers to this question”

You want to deploy SAP S/4HANA Cloud

You want to use document splitting for the General Ledger

You want to integrate the system into SAP Cloud Platform

You want to clean up your system and use SAP Best Practices

QUESTION 31
Accounts Payable & Accounts Receivable
Which field can you change on a posted invoice?

Statistical internal order

Basel ine date

Tax code

Special G/L indicator

QUESTION 32
Which of the following should you consider when defining asset number range?
Note: There are 2 correct answers to this questions.

Each asset number range must be assigned to unique asset class

Asset number ranges are defined at chat of depreciation level

Asset number ranges are defined for asset classes and are company code specific

Each asset class can be have either an internal or external number range

QUESTION 33
What items are NOT cleared by automatic clearing program?
Note: There are 3 correct answers to this questions.

Items with- sales and use tax

Statistical postings

Items with withholding tax

Noted items

Items with value-added tax

QUESTION 34
Asset Accounting
“You are configuring asset-related postings of depreciation areas in Asset Accounting for a company code that uses the ledger approach to parallel valuation Which of the following settings would lead to an error?”

Area does not post

Area posts APC immediately, depreciation periodically

Area posts depreciation only

Area posts in real time

QUESTION 35
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 36
How does the system perform the normal reversal of a journal entry?

It creates an inverse posting by resenting the transaction figures for cleared documents.

It creates an inverse posting by increasing the transaction figures.

It creates an inverse posting by decreasing the transaction figures.

It creates an inverse posting by resenting the transaction figures.

QUESTION 37
Your SAP S4/HANA system is integrated with controlling, You perform cost-of-sales accounting and you profit and loss per profit center.
When posting a supplier invoice to a primary cost account, wich field is mandatory by standard procedures?

Functional area

Segment

Business area

Profitability segment

QUESTION 38
Financial Closing
After you collected data in the Intercompany Reconciliation tool, what are the next steps of the reconciliation process?

1. Present reconciled and non-reconciled data
2. Post the correction documents
3. Store the data
4. Communicate difference

1. Store the data
2. Present reconciled and non-reconciled data
3. Post the correction documents
4. Communicate difference

1. Post the correction documents
2. Store the data
3. Present reconciled and non-reconciled data
4. Communicate difference

1. Store the data
2. Present reconciled and non-reconciled data
3. Communicate difference
4. Post the correction documents

QUESTION 39
Asset Accounting
How do you identify an asset master record as an asset under construction?

The asset belongs to a specific asset class

The ordinary depreciation start date is empty

The depreciation key is empty

The asset capitalization date is empty

QUESTION 40
How do you configure depreciation areas in SAP S4/HANA?
Note: There are 2 correct answers to this questions.

Ensure a ledger group is assigned to each accounting principle

Assign depreciation area 01 to the leading ledger

Assign each accounting principle to a depreciation area

Ensure all depreciation areas always post to the general ledger

QUESTION 41
General Ledger Accounting
“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 question”

Bank Master Data

Payment method

General ledger account

Bank Control Key

Company code

QUESTION 42
Asset Accounting
“How do you configure depreciation areas in SAP S/4 HANA?
Note: There are 2 correct answers to this question.”

Assign each accounting principle to a depreciation area

Ensure all depreciation areas always post to the general ledger

Assign depreciaton area 01 to the leading ledger

Ensure a ledger group is assigned to each accounting principle

QUESTION 43
General Ledger Accounting
“Which statements best describe a profit center?
Note: There are 2 correct answers to this question.”

It is an object for which separate balance sheet and P&L statements can be created, independently from segments being maintain or not.

It is the only object that can be unifromly derived using segments.

It is the only object from which segments can be unifornly derived.

It is an object for which separate balance sheet and P&L statements can be created only when used in conjunction with segment.

QUESTION 44
General Ledger Accounting
For which account can you perform account clearing in SAP S/4HANA?

For any balance sheet account managed on a line item basis

For any account that is managed on an open item basis

For any G/L account defined as reconciliation account

For any account that is assigned to a financial statement version

QUESTION 45
Overview and Deployment of SAP S/4HANA
“You are a group cash manager interested in the North American business market.
What are the personalization options available to you in SAP Fiori?
Note: There are 2 correct answers to this question”

You can create a tile group with all the apps required for you daily business for easy access

You can create a tile to take you directly to the cash position of the North American business market

You can manage user access to relevant apps for the North American accounts payable group that reports to you

You can adapt the launchpad color theme according to predefined values for the cash report

QUESTION 46
How does SAP S4/HANA support the treatment of taxes?
Note: There are 3 correct answers to this questions.

It checks the tax amount entered and automatically calculates the tax

It post the tax amount to tax accounts

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

It adjust the tax codes and automatically updates the procedure

It performs tax adjustments for cash discounts and other forms of deductions

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”

When an account is set up as a reconciliation account

When an account has a zero balance

When an account is set up as balance sheet account

When an account is set up as a secondary cost element

QUESTION 48
“Organizational Assignments and Process Integration “
What is the recommended organizational unit for cost of sales accounting?

Profitability Segment

Controlling area

Functional Area

Profit center

QUESTION 49
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.

Asset master data is complete and without errors.

Posting periods are closed for asset G/L accounts.

Depreciation is posted in full for all assets.

The fixed asset fiscal year change is complete.

QUESTION 50
What are the features of the Accrual Engine in SAP S/4HANA?
Note: There are 2 correct answers to this questions.

All accrual calculations must be reviewed and approved before posting.

Accrual postings with a maximum of two line items are supported.

All currencies of the general ledger are supported.

The fiscal year variant of the general ledger is supported.

QUESTION 51
You perform foreign currency valuation for open items of you supplier accounts. The valuations will be used only for period end reposting and should them be reversed. What account does the system use to post the valuation differences?

Alternative reconciliation G/L account

Individual supplier accounts with special G/L indicator

Supplier reconciliation G/L account

Adjustment G/L account for foreign currency

QUESTION 52
What dunning-related data do you maintain on the business partner master record?
Note: There are 2 correct answers to this questions.

Dunning block

Dunning key

Dunning interval

Dunning area

QUESTION 53
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 questions.

Maintain exchange rates daily.

Set up the relationship between currencies using translation ratios.

Specify the company code currency as the base currency.

Specify a purpose for the exchange rate type.

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C-TS4FI-2021 Exam Certification Details:

Level:	Associate
Exam:	80 questions
Sample Questions:	SAP C-TS4FI-2021 Exam Sample Question
Duration:	180 mins
Languages:	German, English, French, Japanese, Chinese