Ensure Success With Updated Verified C_TS4FI_2021 Exam Dumps [2023]
Exam Materials for You to Prepare & Pass C_TS4FI_2021 Exam.
The SAP C_TS4FI_2021 exam is an essential certification for individuals who want to prove their knowledge and expertise in SAP S/4HANA Financial Accounting. This exam tests the candidate's understanding of the SAP S/4HANA 2021 system and its financial accounting functionalities. It is designed for professionals who want to demonstrate their abilities to implement and configure financial accounting processes in the SAP S/4HANA system.
NEW QUESTION # 42
"Organizational Assignments and Process Integration "
"You are running an international business and you want to separate legal entities to run operations and perform accounting activities.
Which organizatinal unit do you need to create for each legal entity?"
- A. Company
- B. Consolidation Unit
- C. Business Area
- D. Company Code
Answer: D
NEW QUESTION # 43
Financial Closing
"To use the SAP Financial Closing cockpit, which steps are required?
Note: There are 3 correct answers to this question"
- A. Define task dependencies
- B. Create task groups
- C. Release the task list
- D. Define the person responsible for tasks
- E. Create a template
Answer: A,B,E
NEW QUESTION # 44
Accounts Payable & Accounts Receivable
"Which fields of a financial accounting document influence the automatic payment program?
Note: There are 3 correct answers to this question."
- A. Baseline date
- B. Payment method
- C. Terms of payment
- D. Payment transaction
- E. Payment type
Answer: A,B,C
NEW QUESTION # 45
You are asked to explain how assets under construction work in SAP S4/HANA What should you highlight?
Note: There are 2 correct answers to this questions.
- A. It's possible to calculate and post depreciation in the balance sheet depreciation area for assets under construction
- B. It's possible to post special tax depreciation and investment support for assets under construction
- C. It's possible to to use asset under construction with investment management
- D. It's possible to post credit memos, ever after assets under construction are fully capitalized
Answer: B,D
NEW QUESTION # 46
"Organizational Assignments and Process Integration "
Which of the following statements best describes how customer down payments are integrated with Sales & Distribution (SD)?
- A. A down payment request is created as an FI noted item, which automatically generates as an SD sales order.
- B. A down payment request is created as an SD billing document, which is automatically posted in FI as a noted item.
- C. A down payment request is created as an FI noted item, which automatically generates as an SD billing document.
- D. A down payment request is created as an SD sales order, which is automatically posted in FI as a noted item.
Answer: C
NEW QUESTION # 47
What are the features of the Accrual Engine in SAP S/4HANA?
Note: There are 2 correct answers to this questions.
- A. The fiscal year variant of the general ledger is supported.
- B. All currencies of the general ledger are supported.
- C. All accrual calculations must be reviewed and approved before posting.
- D. Accrual postings with a maximum of two line items are supported.
Answer: A,B
NEW QUESTION # 48
Asset Accounting
"You are configuring asset-related postings of depreciation areas in Asset Accounting for a company code that uses the ledger approach to parallel valuation Which of the following settings would lead to an error?"
- A. Area posts in real time
- B. Area posts depreciation only
- C. Area does not post
- D. Area posts APC immediately, depreciation periodically
Answer: C
NEW QUESTION # 49
Your SAP S4/HANA system is integrated with controlling, You perform cost-of-sales accounting and you profit and loss per profit center.
When posting a supplier invoice to a primary cost account, wich field is mandatory by standard procedures?
- A. Segment
- B. Functional area
- C. Business area
- D. Profitability segment
Answer: C
NEW QUESTION # 50
A general ledger account is defined with the account type "Nonoperating Expense or Income" Where can this account be used?
- A. Profit and loss account that is used in margin analysis
- B. Profit and loss account that is used in margin analysis and profit center accounting
- C. Profit and loss account that is used in profit center accounting
- D. Profit and loss account that is used in overhead management accounting
Answer: D
NEW QUESTION # 51
What area the maintenance levels of a screen layout rule for asset master data?
Note: There are 3 correct answers to this questions.
- A. Asset class
- B. Depreciation area
- C. Group asset
- D. Main asset number
- E. Asset subnumber
Answer: A,D,E
NEW QUESTION # 52
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."
- A. Badi implementation (FAGL_DERIVE_SEGMENT)
- B. Definition of validation rules
- C. Assignment of default segments to G/L accounts
- D. Standard account assignment using constants
Answer: A,B
NEW QUESTION # 53
What dunning-related data do you maintain on the business partner master record?
Note: There are 2 correct answers to this questions.
- A. Dunning interval
- B. Dunning block
- C. Dunning area
- D. Dunning key
Answer: B,C
NEW QUESTION # 54
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?
- A. Company
- B. Segment
- C. Consolidation unit
- D. Company Code
Answer: D
NEW QUESTION # 55
Financial Closing
Which of the following is a technical year-end closing activity is SAP S/4HANA?
- A. Ledger valances must be carried forward.
- B. Accruals must be posted.
- C. Foreign currency valuation must be posted.
- D. Balance sheet adjustments must be posted.
Answer: A
NEW QUESTION # 56
Accounts Payable & Accounts Receivable
"Which parameters can you specify directly when you create a new correspondence type?
Note: There are 3 correct answers to this question."
- A. Reason code required
- B. Company code required
- C. Document number required
- D. Account required
- E. Number of date fields required
Answer: C,D,E
NEW QUESTION # 57
Asset Accounting
"What do you define when configuring asset classes?
Note: There are 3 correct answers to thia question."
- A. Screen layout rules
- B. Posting keys
- C. Number ranges
- D. Account determination
- E. Transaction types
Answer: A,C,D
NEW QUESTION # 58
What do you define when configuring asset classes?
Note: There are 3 correct answers to this questions.
- A. Posting keys
- B. Number ranges
- C. Account determination
- D. Transaction types
- E. Screen layout rule
Answer: B,C,E
NEW QUESTION # 59
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The SAP C-TS4FI-2021 exam is a valuable certification for financial accounting associates who use SAP S/4HANA for financial accounting. The exam covers various topics related to financial accounting and SAP S/4HANA functionalities, and passing it requires a thorough understanding of financial accounting processes and the software. Obtaining this certification demonstrates an individual's proficiency in using SAP S/4HANA for financial accounting and can enhance their career opportunities in the field.
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