Best Quality SAP C-TS4FI-2021 Exam Questions ValidExam Realistic Practice Exams [2023]

Critical Information To SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021) Pass the First Time

The SAP C-TS4FI-2021 exam covers a range of topics related to financial accounting, including general ledger accounting, accounts payable, accounts receivable, asset accounting, and financial closing. Candidates are expected to demonstrate their knowledge of the SAP S/4HANA system and apply it to real-world scenarios. SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021) certification will help professionals advance their careers in financial accounting and provide them with the skills and knowledge necessary to succeed in their roles.

Obtaining the SAP C-TS4FI-2021 certification is an excellent way for financial accounting professionals to demonstrate their expertise and advance their careers. It is a globally recognized certification that is highly valued by employers, and it can open up new opportunities for professionals who have a strong background in financial accounting and a desire to work with SAP S/4HANA.

SAP C_TS4FI_2021 certification exam is a multiple-choice exam that consists of 80 questions. Candidates have three hours to complete the exam, and they must score at least 65% to pass. During the exam, candidates will be tested on their knowledge of financial accounting processes, such as general ledger accounting, accounts payable and receivable, asset accounting, and financial closing. They will also be tested on their understanding of SAP S/4HANA architecture, including data migration, system conversion, and system administration.

 

NEW QUESTION # 21
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 depreciation only
• B. Area posts APC immediately, depreciation periodically
• C. Area posts not post
• D. Area posts in real time

Answer: B

NEW QUESTION # 22
Asset Accounting
"Which elements define the integration of asset acquisitions with the general ledger?
Note: There are 2 correct answers to this question."

• A. Depreciation area
• B. Depreciation keys
• C. Valuation area
• D. Asset class

Answer: A,D

NEW QUESTION # 23
Accounts Payable & Accounts Receivable
"Which of the following statemens best describe a noted item?
Note: There are 2 correct answers to this question"

• A. It updates the subledger and the general ledger
• B. It has an automatic statistical offsetting entry
• C. It can be accessed by the payment program
• D. It can be used to remind the user about due payments

Answer: C,D

NEW QUESTION # 24
Accounts Payable & Accounts Receivable
Which field can you change on a posted invoice?

• A. Basel ine date
• B. Tax code
• C. Special G/L indicator
• D. Statistical internal order

Answer: A

NEW QUESTION # 25
"Organizational Assignments and Process Integration "
"Which steps are required to create a substitution in Financial Accounting?
Note: There are 3 correct answers to this question."

• A. Select the correct call-up point.
• B. Define the substitution rule with its different steps using the formula editor.
• C. Specify an authorization group.
• D. Assign the substitution rule to the controlling area.
• E. Select activation level 2.

Answer: C,D,E

NEW QUESTION # 26
Which of the following statements are valid for financial document number ranges?
Note: There are 3 correct answers to this questions.

• A. Financial document number ranges defined at client level should NOT overlap
• B. Financial document number ranges must be defined for the year in which they are used
• C. Financial document number ranges are defined at company code level
• D. All financial document number ranges can contain numbers and/or letters
• E. The same financial document number range can be assigned to several document type

Answer: A,C,E

NEW QUESTION # 27
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?

• A. Alternative reconciliation G/L account
• B. Supplier reconciliation G/L account
• C. Adjustment G/L account for foreign currency
• D. Individual supplier accounts with special G/L indicator

Answer: C

NEW QUESTION # 28
Accounts Payable & Accounts Receivable
Which business partner characteristic is mapped to the customer and supplier account groups?

• A. Business partner grouping
• B. Business partner role
• C. Business partner type
• D. Business partner account group

Answer: D

NEW QUESTION # 29
What archiving step must precede archiving a supplier invoice posted directly to FI?

• A. Archive accounts payables master data
• B. Perform compression run
• C. Archive data in CO
• D. Archive FI transaction figures

Answer: D

NEW QUESTION # 30
How can you create an asset under construction?
Note: There are 2 correct answers to this questions.

• A. Automatically, when setting capex cost from an internal order
• B. Automatically, when setting capex cost from a WBS element
• C. Manually (transaction AS01), using a specific asset class
• D. Automatically, when creating an investment measure

Answer: B,D

NEW QUESTION # 31
Accounts Payable and Accounts Receivable
What dunning -related data do you maintain on the business partner master record? (3 correct answers)

• A. Dunning interval
• B. Dunning area
• C. Dunning block
• D. Dunning procedure
• E. Dunning Key

Answer: B,C

NEW QUESTION # 32
You forgot 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 in the financial statement item section and is included from the calculation
• B. The balance of the new account is added to the notes in the financial statement item section and is excluded from the calculation
• C. The balance of the new account is added to the non-assigned selection and excluded in the calculation
• D. The balance of the new account is added to the non-assigned selection and included in the calculation

Answer: C

NEW QUESTION # 33
Which information is part of the Bank Master Data?
Note: There are 2 correct answers to this questions.

• A. Address details
• B. Data Medium Exchange (DME) details
• C. Control data
• D. Information for electronic payment transactions

Answer: A,C

NEW QUESTION # 34
You post a purchase order.
For which expenses does the system calculate accruals?
Note: There are 2 correct answers to this questions.

• A. Insurance premiums
• B. Raw material purchases
• C. Consulting Services
• D. Fixed asset purchases

Answer: B,D

NEW QUESTION # 35
Accounts Payable and Accounts Receivable
What dunning -related data do you maintain on the business partner master record? (3 correct answers)

• A. Dunning procedure
• B. Dunning interval
• C. Dunning block
• D. Dunning area
• E. Dunning Key

Answer: A,C,E

NEW QUESTION # 36
Which field can you change on a posted invoice?

• A. Special GL indicator
• B. Tax code
• C. Payment terms
• D. Cost center

Answer: C

NEW QUESTION # 37
General Ledger Accounting
"What are the characteristics of a company in SAP S/4HANA?
Note: There are 2 correct answers to this question."

• A. It can be assigned to a company code.
• B. It is considered for consolidation.
• C. It represents separate areas of operation within an organization.
• D. It is responsible for costs and revenues within an organization.

Answer: A,B

NEW QUESTION # 38
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 depreciation areas for each category of legacy asset.
• B. Define depreciation keys and calculation keys.
• C. Define depreciation areas to transfer all the legacy data.
• D. Define asset classes and maintain their attributes.

Answer: D

NEW QUESTION # 39
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."

• A. The data is constantly auto archived to optimize memory usege.
• B. The data is aggregated on the fly from any line item table.
• C. The data is available in real time at line item detail.
• D. The data is summarized into higher levels of aggregated to help system performance.

Answer: B,C

NEW QUESTION # 40
Which fields of a financial accounting document influence the automatic payment program?
Note: There are 3 correct answers to this questions.

• A. Payment method
• B. Payment type
• C. Payment transaction
• D. Term of payment
• E. Baseline date

Answer: A,C,D

NEW QUESTION # 41
Asset Accounting
How do you identify an asset master record as an asset under construction?

• A. The asset belongs to a specific asset class
• B. The depreciation key is empty
• C. The asset capitalization date is empty
• D. The ordinary depreciation start date is empty

Answer: A

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

• A. Assign each accounting principle to a depreciation area
• B. Assign depreciaton area 01 to the leading ledger
• C. Ensure a ledger group is assigned to each accounting principle
• D. Ensure all depreciation areas always post to the general ledger

Answer: A,D

NEW QUESTION # 43
What is shared between all deployment options for SAP S/4HANA (Cloud, On-Premise) Note: There are 3 correct answers to this questions.

• A. User experience
• B. Data model
• C. Code line
• D. Configuration options
• E. Upgrade intervals

Answer: A,B,C

NEW QUESTION # 44
Which of the following statement best describes how customer down payments are integrated with Sales & Distribution (SD)

• A. A dowm payment request is created as an FI noted item, which automatically generates an SD billing document.
• B. A dowm payment request is created as an SD sales order, which is automatically posted in FI as a noted item.
• C. A dowm payment request is created as an FI noted item, which automatically generates an SD sales order.
• D. A dowm payment request is created as a SD billing document, which is automatically posted in FI as a noted item.

Answer: D

NEW QUESTION # 45
Asset Accounting
"You are creating an asset master record by copying another asset, and you notice that the inventory number is copied over. Whih 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?"

• A. Remove the reference indicator
• B. Remove the main asset indicator
• C. Remove the asset class indicator
• D. Remove the subnumber indicator

Answer: A

NEW QUESTION # 46
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