SAP S/4HANA for Financial Accounting Associates C_TS4FI_2021 Exam Dumps - Best C_TS4FI_2021 Exam Materials

SAP S/4HANA for Financial Accounting Associates C_TS4FI_2021 Exam Dumps – Best C_TS4FI_2021 Exam Materials

Eleanor2024-10-14T15:29:43+00:00

By Eleanor SAP, SAP Certified Application Associate

C_TS4FI_2021 SAP Certified Application Associate – SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021) is an entry-level SAP certification exam, which is the ideal starting point for a professional career as a Financial Accounting consultant on SAP S/4HANA. You can choose the best SAP C_TS4FI_2021 exam materials from ITPrepare to prepare for the exam well. We give the C_TS4FI_2021 Exam Dumps to help you practice the C_TS4FI_2021 exam questions and answers before attending the actual SAP C_TS4FI_2021 exam successfully and smoothly.

Read C_TS4FI_2021 Free Dumps Demo Below To Check The Best Exam Materials

Page 1 of 3

1. Financial Closing

"You must run the foreign currency valuation for both US GAAP and IFRS, which leads to different value for the 2 different accounting principles.

How can you set this up in the system?"

Define two valuation methods and assign the ledger groups to the new valuation method.

Define two valuation ares and two accounting principles witth relevate links to ledgers.

Define two valuation methods and assign the accounting principles to the new valuation methods.

Define two valuation ares and two extension ledgers with relevant links to accounting principles.

2. 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

3. Accounts Payable & Accounts Receivable

"Which parameters can you specify directly when you create a new correspondence type? Note: There are 3 correct answers to this question."

Account required

Document number required

Reason code required

Number of date fields required

Company code required

4. Asset Accounting

"You are creating an asset master record by copying another asset, and you notice that the inventory number is copied over.

Which setting do you make on the screen layout maintenance page to ensure the inventory number is NOT copies over when you create new asset master vai copy?"

Remove the main asset indicator

Remove the reference indicator

Remove the asset class indicator

Remove the subnumber indicator

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

Posting to special periods

Authorization control for posting periods

Posting from CO to Fl

Posting to special purpose ledger

6. What is the purpose of the chart of depreciation?

The chart of depreciation is a reporting tool that structures your assets for hierarchical reporting.

The chart of depreciation defines the asset classes for which you can create fixed assets

The chart of depreciation manages country-specific legal valuation of fixed assets

The chart of depreciation substitutes the operational chart of accounts in asset-related postings.

7. Asset Accounting

How can you perform transfers of asset between company codes with different chart of depreciation?

Enter depreciation area mapping during intercompany transfer posting.

Define a global transfer variant and assign all the depreciation areas to it.

Ensure the same depreciation areas are used in all charts of depreciation.

Configure the cross-company depreciation areas in Customizing.

8. Financial Closing

"Which closing activities are performed for external reporting as per SAP best practices? Note: There are 2 correct answers to this question."

Regroup receivables and payables on the balance sheet.

Update product cost estimates with standard prices.

Run pla assessment cycles for profit centers.

Perform valuations of open items in foreigh currency.

9. Accounts Payable & Accounts Receivable

"On which levels can you maintain field status controls for business partners (BP)? Note: There are 2 correct ansers to this question"

Company Code

BP category

BP role

BP type

10. "Organizational Assignments and Process Integration "

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

Financial document number ranges are defined at company code level

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

Financial document number ranges defined at client level should NOT overlap

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

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

Page 2 of 3

11. Accounts Payable and Accounts Receivable

You want to edit a dunning proposal .

Which actions can you perform to edit a dunning proposal? (3 correct answers)

Raise the dunning level of an account

Lower the dunning level of an item

Block a line item

Block an account

Change a document

12. Financial Closing

"What are the features of the Accrual Engine in SAP S/4HANA? Note: There are 2 correct answers to this question"

The fiscal year variant of the general ledger is supported

All accrual calculations must be reviewed and approved before posting

All currencies of the general ledger are supported

Accrual postings with a maximum of two line items are supported

13. 1.Accounts Payable & Accounts Receivable

Which business partner characteristic is mapped to the customer and supplier account groups?

Business partner type

Business partner account group

Business partner grouping

Business partner role

14. 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

15. 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.

16. Which of the following is a technical year-end closing activity in SAP S/4HANA?

Profit center carry-forward must be posted.

Foreign currency valuation must be posted.

Balance sheet adjustments must be posted.

Ledger balances must be carried forward

17. Asset Accounting

Which date is used to determine the depreciation start date?

Document date

Asset value date

Posting date

Baseline date

18. "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 correct answers to this question."

Prerequisite statement

Substitution values

Check statement

Callup point

19. Asset Accounting

What is the difference between the ledger approach and the accounts approach to parallel caluation in Asset Accounting? Note: There are 1 correct answers to this question.

In the accounts approach, you assign a separate set of accounts for each accounting principle, unlike the ledger approach.

In the leger approach, you maintain additional depreciation areas to post the delta valuation of each accouting principle, unlike the accounts approach.

In the accounts approach, you define a technical clearing account for integrated asset acquisitions, unlike the ledger approach.

In the ledger approach, you assign a ledger group to every depreciation area, unlike the account approach.

20. What are the maintenance levels of a screen layout rule for asset master data? Note: There are 3 correct answers to this question

Main asset number

Asset sub number

Group asset

Depreciation area

Asset class

Page 3 of 3

21. Financial Closing

"To use the SAP Financial Closing cockpit, which steps are required? Note: There are 3 correct answers to this question"

Define the person responsible for tasks

Release the task list

Create task groups

Define task dependencies

Create a template

22. 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

23. General Ledger Accounting

"Which prerequisites must be fulfilled to allow fot negative posting of journal entry? Note: There are 2 correct answers to this question"

The posting key must allow nagative postings.

The company code must allow negative postings.

The reversal acccount must be configured to allow nagative postings.

The reversal reason must be configured to allow nagative postings.

24. Financial Closing

"You post a purchase order

For which expenses does the system calculate accruals? Note: There are 2 correct answers to this question"

Consulting services

Raw material purchases

Fixed Asset purchases

Insurance premiums

25. "Organizational Assignments and Process Integration "

"You are running an international business and you want to separate legal entities to run operations and perform accounting activities.

Which organizatinal unit do you need to create for each legal entity?"

Business Area

Consolidation Unit

Company

Company Code

26. 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

27. To use the SAP Financial Closing cockpit, which steps are required? Note: There are 3 correct answers to this question.

Release task list

Define person responsible for tasks

Define task dependencies

Create task groups

Create template

28. 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?"

29. Asset Accounting

"What do you define when configuring asset classes? Note: There are 3 correct answers to thia question."

Account determination

Number ranges

Screen layout rules

Transaction types

Posting keys

30. Asset Accounting

"Which of the following should you consider when defining asset number ranges? Note: There are 2 correct answers to this question."

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

Asset number range are defined at chart of depreciation level.

Asset number range are defined for asset classes and are company code specific.

Each asset number range must be assigned to a unique asset class.

SAP S/4HANA for Financial Accounting Associates C_TS4FI_2021 Exam Dumps – Best C_TS4FI_2021 Exam Materials

SAP S/4HANA for Financial Accounting Associates C_TS4FI_2021 Exam Dumps – Best C_TS4FI_2021 Exam Materials

Read C_TS4FI_2021 Free Dumps Demo Below To Check The Best Exam Materials

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