GET Real SAP C-TS4FI-2021 Exam Questions With 100% Refund Guarantee Jul 25, 2022 [Q19-Q43]

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SAP C-TS4FI-2021 Exam Syllabus Topics:

Topic	Details
Topic 1	Utilize Reporting Tools, Configure Substitutions Create and reverse general ledger transfer postings
Topic 2	Explain the SAP HANA Architecture and describe the SAP S 4HANA scope and deployment options General Ledger Accounting
Topic 3	Configure the payment program, and manage partial payments Perform month and year-end closing in Financial Accounting
Topic 4	Create and maintain charts of depreciation and the depreciation areas Clear an account and define and use a chart of accounts
Topic 5	Manage Organizational Units, currencies, configure Validations and Document Types Ceate profit centers and segments
Topic 6	Configure and perform FI-AA business processes in the SAP system Maintain tolerances, tax codes, and post documents with document splitting

Q19. Accounts Payable & Accounts Receivable
“In customizing, at which levels can you assign the print program to the correspondence type?
Note: There are 2 correct answers to this question.”

At system level

At client level

At business partner level

At company code level

Q20. “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.”

Define the substitution rule with its different steps using the formula editor.

Assign the substitution rule to the controlling area.

Specify an authorization group.

Select activation level 2.

Select the correct call-up point.

Q21. 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

Q22. 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”

You can create a tile group with all the apps required for you daily business for easy access

You can create a tile to take you directly to the cash position of the North American business market

You can manage user access to relevant apps for the North American accounts payable group that reports to you

You can adapt the launchpad color theme according to predefined values for the cash report

Q23. 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

Q24. General Ledger Accounting
“What items are NOT cleared by the automatic clearing program?
Note: There are 3 correct answers to this question.”

Noted items

Statistical postings

Items with value-added tax

Items with sales and use tax

Items with withholding tax

Q25. 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

Q26. 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?”

Remove the main asset indicator

Remove the reference indicator

Remove the asset class indicator

Remove the subnumber indicator

Q27. After you collect data in the Inter company Reconciliation tool,what are the next steps of the reconciliation process?

* Post the correct on documents
* Store the data.
* Present reconciled and non-reconciled data
* Communicate differences

* Store the data.
* Present reconciled and non-reconciled data
* Post the correct on documents
* Communicate differences.

* Present reconciled and non-reconciled data
* Post the correct on documents
* Store the data.
* Communicate differences.

* Store the data.
* Present reconciled and non-reconciled data
* Communicate differences.
* Post the correction documents.

Q28. Accounts Payable & Accounts Receivable
Which parameter indicates that a line item can only be dunned with restrictions?

Group key

Dunning block reason

Dunning key

Dunning area

Q29. Accounts Payable & Accounts Receivable
“You want to configure the default baseline date for the payment terms of an incoming invoice.
From which date can you derive the baseline date?
Note: There are 3 correct answers to this question.”

Entry date

Document date

Goods receipt date

Posting date

Value date

Q30. Which field can you change on a posted invoice?

Tax code

Cost center

Payment terms

Special GL indicator

Q31. 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.

Q32. Financial Closing
What is the order of configuration within SAP Financial Closing Cockpit?

Create template, create task list, create tasks, define dependencies, release task list

Create task list, release task list, define dependencies, create template, create tasks

Create template, create tasks, define depedencies, create task list, release task list

Define dependencies, create template, create tasks, create task list, release task list

Q33. General Ledger Accounting
At what level is the bank master data stores in SAP S/4 HANA?

At the system level

At the client level

At the company code level

At the financial management (FM) area level

Q34. General Ledger Accounting
“You are getting ready to post your first simple general ledger document using the SAP fiori app for posting in a test environment.
What configuration items do you need to set up to post a simple document?
Note: There are 2 correct answers to this question. “

The posting period variant must be created and assigned.

Number range and document types must be maintained.

User must be assined to a tolerance group.

Line item text templates must be maintained.

Q35. 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.

Q36. “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.

Q37. General Ledger Accounting
“A general ledger account has a foreign currency setting of CAD. The company code currency is USD. The controlling area currency is EUR.
Which currencies can you post to this account?”

You can post to the account in any currency and it will be converted into CAD.

You can only post to the account in CAD, USD, and EUR.

You can only post to the account in CAD and USD.

You can only post to the account in CAD.

Q38. General Ledger Accounting
“How does SAP S/4HANA support the treatment of taxes?
Note: There are 3 correct answers to this question.”

It posts the tax amount to tax accounts.

It perform tax adjustments for cash discounts and other forms of deductions.

It checks the tax amount entered and automatically calculates the tax.

It adjusts the tax codes and automatically updated the procedure.

It checks the tax codes and automatically updates the tax rates based on changes by the tax authorities.

Q39. General Ledger Accounting
“You are responsible for configuring document splitting.
What are some of the ky settings?
Note There are 2 correct answer to this question.”

Business transaction variant

Document type

Field status variant

Document number range

Q40. “Organizational Assignments and Process Integration “
“In your SAP S/4HANA system, you want to archive the G/L account that are not ised by the business in any company code.
What are prerequisities to archiving all data of a G/L account?
Note: There are 3 correct answers to this question”

The blocked for posting indicator is set fot the G/L account.

Set the deletion flag in the chart of accounts data of the G/L account.

Transaction figured are older than a customizable amount of years.

There are no transaction figures for the account.

Set the deletion flag in the company code data of the G/L account.

Q41. “Organizational Assignments and Process Integration ” “You define custom currency type Zl for your company code. Which currency types must be stored in the Data Entry view? Note: There are 2 correct answers to this question.”

Hard currency

Document currency

Company code currency

Custom currency type Zl

Q42. 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

Q43. Financial Closing
“You perform foreign currency valuation for open items of your supplier accounts. The valuations will be used only for period end reporting and should then be reversed.
What account does the system use to post the valuation differences?”

Alternative reconciliation G/L account

Adjustment G/L account for foreign currency

Individual supplier accounts with special G/L indicator

Supplier reconciliation G/L account

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GET Real SAP C-TS4FI-2021 Exam Questions With 100% Refund Guarantee Jul 25, 2022 [Q19-Q43]

SAP C-TS4FI-2021 Exam Syllabus Topics:

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