[UPDATED] SAP C-TS4FI-2021 Certification Exam Questions [Q43-Q65]

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[UPDATED] SAP C-TS4FI-2021 Certification Exam Questions

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SAP C-TS4FI-2021 Exam Syllabus Topics:

Topic	Details
Topic 1	Explain the SAP HANA Architecture and describe the SAP S 4HANA scope and deployment options General Ledger Accounting
Topic 2	Manage Organizational Units, currencies, configure Validations and Document Types Ceate profit centers and segments
Topic 3	Organizational Assignments and Process Integration Set up valuation and depreciation, perform periodic and year-end closing processes
Topic 4	Create profit and loss statements Define the customizing settings for the Payment Medium Workbench
Topic 5	Utilize Reporting Tools, Configure Substitutions Create and reverse general ledger transfer postings
Topic 6	Create and maintain business partners, post invoices and payments Financial Closing
Topic 7	Configure and perform FI-AA business processes in the SAP system Maintain tolerances, tax codes, and post documents with document splitting

NEW QUESTION 43
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

NEW QUESTION 44
Asset Accounting
“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?”

Define asset classes and maintain their attributes

Configure depreciation keys and calculation keys

Define depreciation areas for each category of legacy asset

Define a depreciation area to transfer all the legacy data

NEW QUESTION 45
Financial Closing
After you collected data in the Intercompany Reconciliation tool, what are the next steps of the reconciliation process?

1. Present reconciled and non-reconciled data
2. Post the correction documents
3. Store the data
4. Communicate difference

1. Store the data
2. Present reconciled and non-reconciled data
3. Post the correction documents
4. Communicate difference

1. Post the correction documents
2. Store the data
3. Present reconciled and non-reconciled data
4. Communicate difference

1. Store the data
2. Present reconciled and non-reconciled data
3. Communicate difference
4. Post the correction documents

NEW QUESTION 46
Accounts Payable & Accounts Receivable
Which field can you change on a posted invoice?

Statistical internal order

Basel ine date

Tax code

Special G/L indicator

NEW QUESTION 47
General Ledger Accounting
“Besides using the profit center, which options dose General Ledger Accounting with document splitting provide to assign a segment to the posting line?
Note: there are 2 correct answers to this question.”

Definition of validation rules

Badi implementation (FAGL_DERIVE_SEGMENT)

Standard account assignment using constants

Assignment of default segments to G/L accounts

NEW QUESTION 48
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

NEW QUESTION 49
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

NEW QUESTION 50
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?”

NEW QUESTION 51
“Organizational Assignments and Process Integration “
“You assign currency type 40 to your company code in ledger 0L.
Which source currency types can you select?
Note: There are 2 correct answer to this question.”

Controlling area

Company code currency

Document currency

Group currency

NEW QUESTION 52
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

NEW QUESTION 53
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

NEW QUESTION 54
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

NEW QUESTION 55
“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

NEW QUESTION 56
Asset Accounting
Which date is used to determine the depreciation start date?

Document date

Asset value date

Posting date

Baseline date

NEW QUESTION 57
General Ledger Accounting
“Which statements best describe a profit center?
Note: There are 2 correct answers to this question.”

It is an object for which separate balance sheet and P&L statements can be created, independently from segments being maintain or not.

It is the only object that can be unifromly derived using segments.

It is the only object from which segments can be unifornly derived.

It is an object for which separate balance sheet and P&L statements can be created only when used in conjunction with segment.

NEW QUESTION 58
Overview and Deployment of SAP S/4HANA
“What are some features of SAP HANA?
Note: There are 2 correct answers to this question.”

SAP HANA is optimized to work with aggregates and index tables.

SAP HANA is built on a hierarchical data model architecture.

SAP HANA is optimized to organize data using column stores.

SAP HANA allows transactional and analytical processing from the same tables.

NEW QUESTION 59
“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 correcanswers to this question.”

Prerequisite statement

Substitution values

Check statement

Callup point

NEW QUESTION 60
Which field can you change on a posted invoice?

Tax code

Cost center

Payment terms

Special GL indicator

NEW QUESTION 61
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.

NEW QUESTION 62
“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.

NEW QUESTION 63
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.

NEW QUESTION 64
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.

NEW QUESTION 65
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.

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[UPDATED] SAP C-TS4FI-2021 Certification Exam Questions [Q43-Q65]

SAP C-TS4FI-2021 Exam Syllabus Topics:

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