SAP C-TS4FI-2021 Practice Exam – 83 Unique Questions [Q12-Q36] – IT Certification Exam Questions & Answers

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SAP C-TS4FI-2021 Practice Exam – 83 Unique Questions

Latest Questions C-TS4FI-2021 Guide to Prepare Free Practice Tests

In the SAP C-TS4FI-2021 Certification Exam, candidates will be tested on a wide range of financial accounting subjects. This includes SAP S/4HANA General Ledger Accounting, Accounts Receivable and Payable, Asset Accounting, Financial Closing, Financial Statement preparation, and more. The Exam is also designed to validate knowledge of the configuration of financial accounting, including settings in the organization, group and company levels. Candidates will also be tested on how SAP’s financial accounting modules integrate into other SAP modules.

SAP C_TS4FI_2021 exam covers a range of topics related to SAP S/4HANA for Financial Accounting, including financial closing, financial accounting configuration, accounts payable and receivable, asset accounting, and general ledger accounting. Candidates who pass C-TS4FI-2021 exam will be able to demonstrate their ability to use SAP S/4HANA to perform these tasks effectively and efficiently.

Q12. “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.

Q13. 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

Q14. Accounts Payable & Accounts Receivable
“What you can control with the reason code in Accounts Receivable?
Note: There are 3 correct answers to this question.”

The special G/L indicator for the down payment

The type of payment notice sent to customer.

The exclusing of disputed residual items from credit limit checks.

The document type of the payment.

The account where a residual item is posted.

Q15. 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

Q16. 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

Q17. 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

Q18. 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

Q19. Financial Closing
What is the purpose of period interval 3 when you define open and closed periods?

Posting from CO to FI

posting to special putpose ledge

Posting to the extension ledge

Posting to special periods

Q20. Accounts Payable & Accounts Receivable
“Which of the following statemens best describe a noted item?
Note: There are 2 correct answers to this question”

It can be used to remind the user about due payments

It can be accessed by the payment program

It has an automatic statistical offsetting entry

It updates the subledger and the general ledger

Q21. Which of the following statements are valid for financial document number ranges?
Note: There are 3 correct answers to this questions.

The same financial document number range can be assigned to several document type

All financial document number ranges can contain numbers and/or letters

Financial document number ranges defined at client level should NOT overlap

Financial document number ranges are defined at company code level

Financial document number ranges must be defined for the year in which they are used

Q22. Accounts Payable and Accounts Receivable
What dunning -related data do you maintain on the business partner master record? (3 correct answers)

Dunning area

Dunning interval

Dunning procedure

Dunning block

Dunning Key

Q23. 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”

Invoice Receipt

Goodes Receipt

Down payment request

Purchase Requisition

Purchase Order

Q24. 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.

Define the logical file path as a global path for data aging

Add required authorizations for data aging to your role

Archive transactional data no longer legally required

Switch on the data aging business function.

Q25. 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?”

You can post to the account in any currency and it will be converted into CAD.

You can only post to the account in CAD, USD, and EUR.

You can only post to the account in CAD and USD.

You can only post to the account in CAD.

Q26. How does the system determine the correspondence type of a payment notice?

According to the tolerance group, as long as all tolerance groups carry the same correspondence type

According to the reason code, as long as all tolerance groups carry the same correspondence type

According to the reason code, as all reason codes carry the same correspondence type

According to the tolerance group, as all reason codes carry the same correspondence type

Q27. 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

Q28. Overview and Deployment of SAP S/4HANA
“What are some of the benefits of the data handing in SAP S/4HANA?
Note: There are 2 correct answers to this question.”

The data is aggregated on the fly from any line item table.

The data is constantly auto archived to optimize memory usege.

The data is summarized into higher levels of aggregated to help system performance.

The data is available in real time at line item detail.

Q29. General Ledger Accounting
“What are the characteristics of a company in SAP S/4HANA?
Note: There are 2 correct answers to this question.”

It represents separate areas of operation within an organization.

It is considered for consolidation.

It can be assigned to a company code.

It is responsible for costs and revenues within an organization.

Q30. You are responsible for configuring document splitting.
What are some of the key settings?
Note: There are 2 correct answers to this questions.

Business transaction variant

Document type

Field status variant

Document number range

Q31. Which closing activities are performed for external reporting as per SAP best practices?
Note: There are 3 correct answers to this questions.

Run plan assessment cycles for profit center

Perform flat rate value adjustment for receivables

Preform valuations of open items in foreign currency

Perform a top-down distribution in margin analysis

Regroup receivables and payables on the balance sheet

Q32. Besides using the profit center, which options does General Ledger Accounting with document splitting provide to assign a segment to the posting lines?
Note: There are 2 correct answers to this questions.

BADI implementation (FAGL_DERIVE_SEGMENT)

Definition of validation rules

Standard account assignment, using constants

Assignment of default segments to G/L accounts

Q33. Which elements define the integration of asset acquisitions with the general ledger?
Note: There are 2 correct answers to this questions.

Valuation Area

Depreciation Area

Asset Class

Depreciation Keys

Q34. 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.

Q35. Which fields of a financial accounting document influence the automatic payment program?
Note: There are 3 correct answers to this questions.

Payment method

Payment transaction

Payment type

Term of payment

Baseline date

Q36. What area of the benefits of how data handled in SAP S/4HANA?
Note: There are 2 correct answers to this questions.

The data is aggregated in real time from any line item table.

The data is constantly auto-archived to optimize memory usage.

The data is available in real time at line item detail.

The data is summarized into higher levels of aggregates to accelerate system performance.

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