C-TS4FI-2021 Exam Training Practice Tests (SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021))]

Question 1

You are configuring asset-related posting of depreciation areas in Asset Accounting for a company code that uses the ledger approach to parallel valuation.
Which of the following setting would lead to an error?

A. Area posts not post B. Area posts in real time C. Area posts APC immediately, depreciation periodically D. Area posts depreciation only

Correct Answer: C

Question 2

You are getting ready to post you first simple general ledger document using the SAP Fiori app for posting in the test environment.
What configuration items do you need to set up to post a simple document?
Note: There are 2 correct answers to this questions.

A. Line item text templates must be maintained B. Automatic account determination must be maintained C. The posting period variant must be created and assigned D. Number range and document types must be maintained

Correct Answer: C,D

Question 3

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

A. Raise the dunning level of an item. B. Block a I ine item. C. Lower the dunning level of an item. D. Change a document. E. Block an account.

Correct Answer: B,C,E

Question 4

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

A. It adjust the tax codes and automatically updates the procedure B. It checks the tax amount entered and automatically calculates the tax C. It checks the tax codes and automatically updates the taxes based on changes by tax authorities D. It post the tax amount to tax accounts E. It performs tax adjustments for cash discounts and other forms of deductions

Correct Answer: B,D,E

Question 5

You are a group cash manager interested in the North American business market What ate the personalization options available to you in SAP Fiori?
Note: There are 2 correct answers to this questions.

A. You can create a title group with all the apps required for you daily business for easy access B. You can create a title to take you directly to the cash position of the North America business market C. You can adapt the launchpad color theme according to predefined values for the cash report D. You can manage user access to relevant apps for your team without help from an administrator

Correct Answer: B,D

Question 6

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?

A. Profitability segment B. Segment C. Business area D. Functional area

Correct Answer: C

Question 7

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 and profit center accounting B. Profit and loss account that is used in margin analysis C. Profit and loss account that is used in overhead management accounting D. Profit and loss account that is used in profit center accounting

Correct Answer: C

Question 8

What does the document type control?
Note: There are 3 correct answers to this questions.

A. Whether postings to special periods are permitted B. Which account type are allowed for postings C. Which posting keys are allowed for postings D. Whether negative posting are permitted E. whether postings to secondary cost accounts are permitted

Correct Answer: A,B,D

Question 9

How does an automatic intercompany asset transfer work?

A. It does NOT allow a transfer to happen within a single legal entity B. It determines the relationship type automatically, using the company code C. determines the relationship type automatically, using the company ID D. It assumes that the transfer happens between two independent legal entities

Correct Answer: D

SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021) - C-TS4FI-2021 Exam Practice Test