SAP Certified Application Associate C-TS4FI-2021 Practice Test Engine Try These 83 Exam Questions [Q28-Q48]

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SAP Certified Application Associate C-TS4FI-2021 Practice Test Engine: Try These 83 Exam Questions

Guaranteed Success in SAP Certified Application Associate C-TS4FI-2021 Exam Dumps

SAP C_TS4FI_2021 exam covers various topics, such as financial closing, financial accounting basics, accounts payable and receivable, asset accounting, and general ledger accounting. C-TS4FI-2021 exam consists of 80 multiple-choice questions, and a candidate has 180 minutes to complete the exam. C-TS4FI-2021 exam is available in English, German, Spanish, French, Japanese, Korean, Portuguese, and Chinese.

NO.28 How does an automatic intercompany asset transfer work?

It assumes that the transfer happens between two independent legal entities

It determines the relationship type automatically, using the company code

determines the relationship type automatically, using the company ID

It does NOT allow a transfer to happen within a single legal entity

NO.29 General Ledger Accounting
“What do you need to do to configure a new exchange rate type in SAP S/4HANA?
Note: There are 2 correct answers to this question.”

Maintain exchange rates daily

Specify a purpose for the exhange rate type

Specify the company code currency as the base currency

Set up the relationship between currencies using translation ratios

NO.30 General Ledger Accounting
For which account can you perform account clearing in SAP S/4HANA?

For any balance sheet account managed on a line item basis

For any account that is managed on an open item basis

For any G/L account defined as reconciliation account

For any account that is assigned to a financial statement version

NO.31 Asset Accounting
“Which of the following are valid settlement receivers when you perform settlement for an asset under construction on a line Item basis?
Note: There are 2 correct answers to this question.”

Profit center

Fixed asset

Cost center

Functional area

NO.32 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

NO.33 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.

NO.34 Besides using the profit center, which options does General Ledger Accounting with document splitting provide to assign a segment to the posting lines?
Note: There are 2 correct answers to this questions.

BADI implementation (FAGL_DERIVE_SEGMENT)

Definition of validation rules

Standard account assignment, using constants

Assignment of default segments to G/L accounts

NO.35 What is shared between all deployment options for SAP S/4HANA (Cloud, On-Premise) Note: There are 3 correct answers to this questions.

Code line

Configuration options

Data model

User experience

Upgrade intervals

NO.36 You are running an international business and you want to set up separate legal entities to run operations and perform accounting activities.
Which organizational unit do you need to create for each legal entity?

Segment

Company Code

Consolidation unit

Company

NO.37 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

NO.38 What area the maintenance levels of a screen layout rule for asset master data?
Note: There are 3 correct answers to this questions.

Group asset

Asset class

Asset subnumber

Main asset number

Depreciation area

NO.39 For which special G/L indicator do you specify a target special G/L indicator?

Bill of exchange

Vendor down-payment request

Customer down-payment

Guarantee given

NO.40 What are the characteristics of a company in SAP S/4HANA?
Note: There are 2 correct answers to this questions.

It is responsible for costs and revenues within an organization.

It can be assigned to a company code.

It represents separate areas of operation within an organization.

It is considered for consolidation.

NO.41 “Organizational Assignments and Process Integration “
Which of the following statements best describes how customer down payments are integrated with Sales & Distribution (SD)?

A down payment request is created as an SD sales order, which is automatically posted in FI as a noted item.

A down payment request is created as an FI noted item, which automatically generates as an SD billing document.

A down payment request is created as an SD billing document, which is automatically posted in FI as a noted item.

A down payment request is created as an FI noted item, which automatically generates as an SD sales order.

NO.42 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

NO.43 “Organizational Assignments and Process Integration “
“Ypu need to post customer invoices via interface from a non-SAP system. You want to define a new document type with a specific document number range that matches the document numbers of the source system.
How do you define the document number range?”

You must use external number assignment.

You can use internal or external number assignment, but it has to be continuous.

You must use internal number assignment.

You can use internal or external number assignment.

NO.44 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 questions.

Substitution values

Check statement

Callup point

Prerequisite statement

NO.45 Accounts Payable & Accounts Receivable
How does the system determine the correspondence type of a payment notice?

According to the reason code, as long as all the reason code carry the same correspondence type.

According to the reason code, as long as all the tolerance groups carry the same correspondence type.

According to the tolerance group, as long as all the tolerance groups carry the same correspondence type.

According to the tolerance group, as long as all the reason code carry the same correspondence type.

NO.46 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

NO.47 What are key reasons for preferring a new implementation of SAP S/4HANA rather than a system conversion from SAP ERP?
Note: There are 2 correct answers to this questions.

You want to deploy SAP S/4HANA Cloud.

You want to use document splitting for the General Ledger.

You want to integrate the system with SAP Business Technology Platform.

You want to clean up your system and use SAP Best Practices.

NO.48 General Ledger Accounting
How does the system perform the normal reversal of a journal entry?

It creates an inverse posting by resetting the transaction figures

It creates an inverse posting by decreasing the transaction figures

creates an inverse posting by increasing the transaction figures

It creates the inverse posting of a cleared document before resetting it

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SAP Certified Application Associate C-TS4FI-2021 Practice Test Engine Try These 83 Exam Questions [Q28-Q48]

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