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The SAP C_TS4FI_2021 exam is a certification exam that is designed for individuals who are interested in becoming SAP Certified Application Associates for SAP S/4HANA Financial Accounting Associates. The exam is designed to test the candidate's knowledge and skills in financial accounting processes, including financial closing, financial accounting configuration, and financial accounting reporting. Successful completion of this exam demonstrates that the candidate has the skills and knowledge required to work with SAP S/4HANA Financial Accounting.
NEW QUESTION # 12
Which parameter indicates that a line can be dunned only with restrictions?
- A. Dunning block reason
- B. Dunning grouping
- C. Dunning area
- D. Dunning Key
Answer: D
NEW QUESTION # 13
What is the purpose of period interval 3 when you define open and closed periods?
- A. Posting to special purpose ledger
- B. Posting to special periods
- C. Authorization control for posting periods
- D. Posting from CO to Fl
Answer: D
NEW QUESTION # 14
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.
- A. Substitution values
- B. Callup point
- C. Prerequisite statement
- D. Check statement
Answer: A,C
NEW QUESTION # 15
What is the recommended organizational unit for cost of sales accounting?
- A. Controlling area
- B. Segment
- C. Functional area
- D. Profit center
Answer: C
NEW QUESTION # 16
Which field can you change on a posted invoice?
- A. Basel ine date
- B. Statistical internal order
- C. Tax code
- D. Special G/L indicator
Answer: A
NEW QUESTION # 17
Asset Accounting
How do you identify an asset master record as an asset under construction?
- A. The depreciation key is empty
- B. The ordinary depreciation start date is empty
- C. The asset belongs to a specific asset class
- D. The asset capitalization date is empty
Answer: C
NEW QUESTION # 18
Which prerequisites must be fulfilled to allow for negative posting of journal entries?
Note: There are 2 correct answers to this questions.
- A. The reversal accounts must be configured to allow negative postings
- B. The posting key must allow negative postings
- C. The reversal reason must be configured to allow negative postings
- D. The company code must allow negative postings
Answer: C,D
NEW QUESTION # 19
General Ledger Accounting
"What items are NOT cleared by the automatic clearing program?
Note: There are 3 correct answers to this question."
- A. Items with withholding tax
- B. Noted items
- C. Statistical postings
- D. Items with value-added tax
- E. Items with sales and use tax
Answer: B,C
NEW QUESTION # 20
You 'd like to set up low values asset (LVA) management.
What do you need to do?
- A. Define two separate asset classes to manage LVA using individual or collective management
- B. Define a base unit for measure for LVA in individual management
- C. Specify the minimum amount for LVA at two levels: company code and chart of depreciation
- D. Specify the minimum amount for LVA at three levels: company code, depreciation area and asset class
Answer: D
NEW QUESTION # 21
Financial Closing
After you collected data in the Intercompany Reconciliation tool, what are the next steps of the reconciliation process?
- A. 1. Store the data
2. Present reconciled and non-reconciled data
3. Communicate difference
4. Post the correction documents - B. 1. Present reconciled and non-reconciled data
2. Post the correction documents
3. Store the data
4. Communicate difference - C. 1. Post the correction documents
2. Store the data
3. Present reconciled and non-reconciled data
4. Communicate difference - D. 1. Store the data
2. Present reconciled and non-reconciled data
3. Post the correction documents
4. Communicate difference
Answer: A
NEW QUESTION # 22
How do you configure depreciation areas in SAP S4/HANA?
Note: There are 2 correct answers to this questions.
- A. Ensure all depreciation areas always post to the general ledger
- B. Ensure a ledger group is assigned to each accounting principle
- C. Assign depreciation area 01 to the leading ledger
- D. Assign each accounting principle to a depreciation area
Answer: A,D
NEW QUESTION # 23
In your system, you currently perform manual outgoing payments and you want to use the automatic payment program. Which new settings must you maintain as part of the configuration of the automatic payment program?
Note: There are 2 correct answers to this questions.
- A. Payment terms
- B. Payment run
- C. Paying company codes
- D. Bank determination
Answer: C,D
NEW QUESTION # 24
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 and profit center accounting
- B. Profit and loss account that is used in overhead management accounting
- C. Profit and loss account that is used in margin analysis
- D. Profit and loss account that is used in profit center accounting
Answer: B
NEW QUESTION # 25
Asset Accounting
Which date is used to determine the depreciation start date?
- A. Document date
- B. Asset value date
- C. Baseline date
- D. Posting date
Answer: B
NEW QUESTION # 26
What difference between the ledger approach and the accounts approach to parallel valuation in Asset Accounting?
- A. Unlike the ledger approach in the accounts approach, you maintain additional depreciation areas to post the delta valuation of each accounting principle
- B. Unlike the ledger approach in the accounts approach, you assign a separate set of accounts for each accounting principle
- C. Unlike the ledger approach in the accounts approach, you assign a ledger group to every depreciation area
- D. Unlike the ledger approach in the accounts approach, you define a technical clearing account for integrated asset ^ acquisitions
Answer: B
NEW QUESTION # 27
General Ledger Accounting
"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 question"
- A. Tax code
- B. Tax category
- C. Condition type
- D. Sequence of steps
- E. Account key
Answer: B,C,E
NEW QUESTION # 28
"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."
- A. Assign the substitution rule to the controlling area.
- B. Define the substitution rule with its different steps using the formula editor.
- C. Select the correct call-up point.
- D. Select activation level 2.
- E. Specify an authorization group.
Answer: A,D,E
NEW QUESTION # 29
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"
- A. BP type
- B. BP category
- C. Company Code
- D. BP role
Answer: A,D
NEW QUESTION # 30
How does the system perform the normal reversal of a journal entry?
- A. It creates an inverse posting by increasing the transaction figures.
- B. It creates an inverse posting by resenting the transaction figures for cleared documents.
- C. It creates an inverse posting by decreasing the transaction figures.
- D. It creates an inverse posting by resenting the transaction figures.
Answer: A
NEW QUESTION # 31
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Achieving SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates certification can provide numerous benefits to professionals, including recognition of their skills and expertise, improved career prospects, and increased earning potential. This certification is also highly valued by employers, as it demonstrates the candidate's ability to effectively use SAP S/4HANA Financial Accounting to support business operations.
The SAP C-TS4FI-2021 Exam is a valuable certification for professionals who want to advance their careers in financial accounting. This certification is recognized globally and is highly respected in the industry. The certification validates the candidate's knowledge and skills in SAP S/4HANA for Financial Accounting Associates and demonstrates their commitment to professional development.
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