C-TS4FI-2021 Free Update With 100% Exam Passing Guarantee [2024]
[Feb-2024] Verified SAP Exam Dumps with C-TS4FI-2021 Exam Study Guide
NEW QUESTION # 13
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 asset classes and maintain their attributes
- B. Define depreciation areas for each category of legacy asset
- C. Configure depreciation keys and calculation keys
- D. Define a depreciation area to transfer all the legacy data
Answer: C
NEW QUESTION # 14
You want to post journal entries in a special period.
Which conditions must be met?
Note: There are 2 correct answers to this questions.
- A. The last posting period must be open for posting in the period control
- B. The balance carry-forward to the new fiscal year must have happened
- C. The special period must be open for posting in the period control
- D. You must enter a posting date in the last posting period
Answer: C,D
NEW QUESTION # 15
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"
- A. You can adapt the launchpad color theme according to predefined values for the cash report
- B. You can create a tile to take you directly to the cash position of the North American business market
- C. You can manage user access to relevant apps for the North American accounts payable group that reports to you
- D. You can create a tile group with all the apps required for you daily business for easy access
Answer: B,D
NEW QUESTION # 16
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?"
- A. The balance of the new account is added to the notes in the financial statement item section and is excluded from the calculation
- B. The balance of the new account is added to the notes in the financial statement item section and is included in the calculation
- C. The balance of the new account is added to the non-assigned section and is included in the calculation
- D. The balance of the new account is added to the non-assigned section and is excluded from the calculation
Answer: A
NEW QUESTION # 17
General Ledger Accounting
"Besides using the profit center, which options dose 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. Definition of validation rules
- B. Badi implementation (FAGL_DERIVE_SEGMENT)
- C. Assignment of default segments to G/L accounts
- D. Standard account assignment using constants
Answer: A,B
NEW QUESTION # 18
Financial Closing
After you collected data in the Intercompany Reconciliation tool, what are the next steps of the reconciliation process?
- A. 1. Present reconciled and non-reconciled data
2. Post the correction documents
3. Store the data
4. Communicate difference - B. 1. Store the data
2. Present reconciled and non-reconciled data
3. Communicate difference
4. Post the correction documents - C. 1. Store the data
2. Present reconciled and non-reconciled data
3. Post the correction documents
4. Communicate difference - D. 1. Post the correction documents
2. Store the data
3. Present reconciled and non-reconciled data
4. Communicate difference
Answer: B
NEW QUESTION # 19
Which elements define the integration of asset acquisitions with the general ledger?
Note: There are 2 correct answers to this questions.
- A. Depreciation Keys
- B. Depreciation Area
- C. Valuation Area
- D. Asset Class
Answer: B,D
NEW QUESTION # 20
For which account can you perform account clearing in SAP S4/HANA?
- A. For any G/L account defined as a reconciliation account
- B. For any balance sheet account managed on a line item basis
- C. For any account that can be posted in foreign currency
- D. For any account that is managed on an open item basis
Answer: A
NEW QUESTION # 21
"Organizational Assignments and Process Integration "
"You want to create substitution in Financial Accounting.
Which partsdo you have to define for each step of the substitution?
Note: There are 2 correcanswers to this question."
- A. Prerequisite statement
- B. Substitution values
- C. Callup point
- D. Check statement
Answer: A,B
NEW QUESTION # 22
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?"
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION # 23
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 overhead management accounting
- C. Profit and loss account that is used in margin analysis
- D. Profit and loss account that is used in profit center accounting
Answer: B
NEW QUESTION # 24
What do you define when configuring asset classes?
Note: There are 3 correct answers to this questions.
- A. Account determination
- B. Number ranges
- C. Screen layout rule
- D. Posting keys
- E. Transaction types
Answer: A,B,C
NEW QUESTION # 25
Asset Accounting
"What are the maintenace levels of a screen layout rule for asset master data?
Note: There are 3 correct answers to this question."
- A. Depreciation area
- B. Main asset number
- C. Group asset
- D. Asset class
- E. Asset subnumber
Answer: B,D,E
NEW QUESTION # 26
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. Down payment request
- B. Invoice Receipt
- C. Goodes Receipt
- D. Purchase Requisition
- E. Purchase Order
Answer: B,C,E
NEW QUESTION # 27
Which of the following are valid settlement receives, when you perform settlement for an asset under construction, on a line item basis?
Note: There are 2 correct answers to this questions.
- A. Cost center
- B. Profit center
- C. Functional area
- D. Fixed asset
Answer: A,D
NEW QUESTION # 28
How does the system perform the normal reversal of a journal entry?
- A. It creates an inverse posting by resenting the transaction figures for cleared documents.
- B. It creates an inverse posting by increasing the transaction figures.
- C. It creates an inverse posting by decreasing the transaction figures.
- D. It creates an inverse posting by resenting the transaction figures.
Answer: B
NEW QUESTION # 29
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. Prerequisite
- B. Message
- C. Check
- D. Replacement
Answer: A,D
NEW QUESTION # 30
General Ledger Accounting
"How does SAP S/4HANA support the treatment of taxes?
Note: There are 3 correct answers to this question."
- A. It adjusts the tax codes and automatically updated the procedure.
- B. It perform tax adjustments for cash discounts and other forms of deductions.
- C. It posts the tax amount to tax accounts.
- D. It checks the tax amount entered and automatically calculates the tax.
- E. It checks the tax codes and automatically updates the tax rates based on changes by the tax authorities.
Answer: B,C,D
NEW QUESTION # 31
What does the document splitting funtion do?
Note: There are 2 correct answers to this questions.
- A. It enriches all relevant balance sheet account lines with the defined splitting characteristics.
- B. It enriches all customer and vendor line items with the defined splitting characteristics in the relevant subledgers.
- C. It enable the automatic creation of additional posting documents for each defined splitting characteristics.
- D. It ensure that you can create complete financial reports per profit center if it is required by the business.
Answer: A,B
NEW QUESTION # 32
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?
- A. Create a substitution that changes the deprecated VAT code when relevant new one when entering documents with posting data in the new year
- B. 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
- C. 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
- D. Enter the new tax codes as default for users who have authorization to post general ledger transactions after balance carry forward is done
Answer: C
NEW QUESTION # 33
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The C_TS4FI_2021 certification is intended for professionals who work in financial accounting with SAP S/4HANA, including consultants, implementation partners, and end-users. SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021) certification is recognized globally and can help professionals advance their careers in this field. It is also a valuable credential for organizations that use SAP S/4HANA and want to ensure that their financial accounting processes are being implemented correctly.
SAP C-TS4FI-2021 Certification Exam is a comprehensive, one-of-a-kind exam that requires extensive knowledge of the latest SAP S/4HANA financial accounting techniques and practices. As a certified professional, candidates will have proven knowledge of SAP's cutting-edge financial accounting tools and methodologies, making them experts in the field. Candidates who pass the SAP C-TS4FI-2021 Certification Exam are eligible to use the SAP Certified Application Associate title and can be trusted by their employers and clients to deliver value through their extensive knowledge of SAP's finance tools.
SAP C_TS4FI_2021 exam tests the candidate's knowledge in areas such as General Ledger Accounting, Accounts Payable, Accounts Receivable, Asset Accounting, Financial Closing, and Financial Statements. C-TS4FI-2021 exam consists of 80 multiple-choice questions and the duration of the exam is 180 minutes. The passing score for the exam is 65%.
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