Free C_TS4FI_2021 Exam Braindumps certification guide Q&A
C_TS4FI_2021 Certification Overview Latest C_TS4FI_2021 PDF Dumps
The SAP C_TS4FI_2021 exam is ideal for professionals who are working or planning to work in the financial accounting domain. The certification validates their expertise in implementing financial accounting processes using SAP S/4HANA. The exam requires candidates to have a good understanding of financial accounting principles and concepts and their application in SAP S/4HANA. Passing the SAP C_TS4FI_2021 exam demonstrates a candidate's proficiency in financial accounting with SAP S/4HANA and enhances their career prospects in the financial accounting domain.
NEW QUESTION # 46
Financial Closing
What is the order of configuration within SAP Financial Closing Cockpit?
- A. Create task list, release task list, define dependencies, create template, create tasks
- B. Create template, create tasks, define depedencies, create task list, release task list
- C. Create template, create task list, create tasks, define dependencies, release task list
- D. Define dependencies, create template, create tasks, create task list, release task list
Answer: B
NEW QUESTION # 47
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 non-assigned section and is included in the calculation
- C. The balance of the new account is added to the non-assigned section and is excluded from the calculation
- D. The balance of the new account is added to the notes in the financial statement item section and is included in the calculation
Answer: A
NEW QUESTION # 48
General Ledger Accounting
"What items are NOT cleared by the automatic clearing program?
Note: There are 3 correct answers to this question."
- A. Noted items
- B. Statistical postings
- C. Items with withholding tax
- D. Items with sales and use tax
- E. Items with value-added tax
Answer: A,B
NEW QUESTION # 49
How do you configure depreciation areas in SAP S4/HANA?
Note: There are 2 correct answers to this questions.
- A. Ensure a ledger group is assigned to each accounting principle
- B. Ensure all depreciation areas always post to the general ledger
- C. Assign depreciation area 01 to the leading ledger
- D. Assign each accounting principle to a depreciation area
Answer: B,D
NEW QUESTION # 50
You want to configure the tax calculation procedures.
What are the main elements you need to define?
Note: There are 3 correct answers to this questions.
- A. Tax code
- B. Sequence of steps \/ Q Account Key
- C. Tax category
- D. Condition type
Answer: B,C,D
NEW QUESTION # 51
Which of the following statements are valid for financial document number ranges?
Note: There are 3 correct answers to this questions.
- A. The same financial document number range can be assigned to several document type
- 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. Financial document number ranges defined at client level should NOT overlap
- E. All financial document number ranges can contain numbers and/or letters
Answer: A,C,D
NEW QUESTION # 52
When is it possible to set the open item management indicator in a general ledger account?
Note: There are 2 correct answers to this questions.
- A. When an a account is set up as a reconciliation account
- B. When an a account is set up as a secondary cost element
- C. When an a account is set up as a balance sheet account
- D. When an a account has a zero balance
Answer: A,C
NEW QUESTION # 53
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"
- A. When an account is set up as a secondary cost element
- B. When an account is set up as a reconciliation account
- C. When an account is set up as balance sheet account
- D. When an account has a zero balance
Answer: C,D
NEW QUESTION # 54
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 new tax codes as default for users who have authorization to post general ledger transactions after balance carry forward is done
- C. 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
- D. 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
Answer: D
NEW QUESTION # 55
What are some features of SAP HANA?
Note: There are 2 correct answers to this questions.
- A. SAP HANA is built on a hierarchical data model architecture.
- B. SAP HANA is optimized to organize data using column stores.
- C. SAP HANA is allows transactional and analytical processing from the same tables.
- D. SAP HANA is optimized to work with aggregates and index tables.
Answer: B,C
NEW QUESTION # 56
You are configuring asset-related postings of depreciation areas in Asset Accounting. Which of the following settings is "NOT" permitted?
- A. Area posts in real time
- B. Area posts depreciation only
- C. Area posts revaluation only
- D. Area does not post
Answer: C
NEW QUESTION # 57
Overview and Deployment of SAP S/4HANA
"What are some features of SAP HANA?
Note: There are 2 correct answers to this question."
- A. SAP HANA is built on a hierarchical data model architecture.
- B. SAP HANA allows transactional and analytical processing from the same tables.
- C. SAP HANA is optimized to organize data using column stores.
- D. SAP HANA is optimized to work with aggregates and index tables.
Answer: B,C
NEW QUESTION # 58
Which of the following closing activities is a so-called technical closing step?
- A. Close the previous period in Material Management (MM)
- B. Process purchase order accruals
- C. Perform valuations of open items in foreign currency
- D. Perform asset depreciation run
Answer: A
NEW QUESTION # 59
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 # 60
Besides using the profit center, which options does 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. Standard account assignment using constants
- B. Definition of validation rules
- C. Configuration of the derivation logic with derivation sequence and steps
- D. BAdl implementation (FAGL_DERIVE_SEGMENT)
Answer: C,D
NEW QUESTION # 61
Which elements define the integration of asset acquisitions with the general ledger?
Note: There are 2 correct answers to this questions.
- A. Depreciation Area
- B. Asset Class
- C. Depreciation Keys
- D. Valuation Area
Answer: A,B
NEW QUESTION # 62
What is the recommended organizational unit for cost of sales accounting?
- A. Functional area
- B. Segment
- C. Controlling area
- D. Profit center
Answer: A
NEW QUESTION # 63
Accounts Payable & Accounts Receivable
Which field can you change on a posted invoice?
- A. Tax code
- B. Basel ine date
- C. Statistical internal order
- D. Special G/L indicator
Answer: B
NEW QUESTION # 64
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The SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (C-TS4FI-2021) certification exam is designed for individuals who want to validate their skills and knowledge in the field of financial accounting using SAP S/4HANA. This certification exam is ideal for professionals who work in finance departments and are responsible for financial reporting, accounting, and analysis using SAP S/4HANA.
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