Share Latest Jan-2023 C_TS4FI_2021 DUMP with 83 Questions and Answers
PDF Dumps 2023 Exam Questions with Practice Test
NEW QUESTION 18
Financial Closing
"You post a purchase order
For which expenses does the system calculate accruals?
Note: There are 2 correct answers to this question"
- A. Consulting services
- B. Fixed Asset purchases
- C. Insurance premiums
- D. Raw material purchases
Answer: B,D
NEW QUESTION 19
Asset Accounting
"Which of the following should you consider when defining asset number ranges?
Note: There are 2 correct answers to this question."
- A. Asset number range are defined at chart of depreciation level.
- B. Each asset number range must be assigned to a unique asset class.
- C. Each asset class can have either an internal or external number range.
- D. Asset number range are defined for asset classes and are company code specific.
Answer: C,D
NEW QUESTION 20
"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. Select activation level 2.
- B. Select the correct call-up point.
- C. Specify an authorization group.
- D. Define the substitution rule with its different steps using the formula editor.
- E. Assign the substitution rule to the controlling area.
Answer: B,D
NEW QUESTION 21
General Ledger Accounting
"What are the characteristics of a company in SAP S/4HANA?
Note: There are 2 correct answers to this question."
- A. It represents separate areas of operation within an organization.
- B. It is responsible for costs and revenues within an organization.
- C. It can be assigned to a company code.
- D. It is considered for consolidation.
Answer: C,D
NEW QUESTION 22
"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."
- A. Callup point
- B. Check statement
- C. Substitution values
- D. Prerequisite statement
Answer: C,D
NEW QUESTION 23
Which information is part of the Bank Master Data?
Note: There are 2 correct answers to this questions.
- A. Data Medium Exchange (DME) details
- B. Information for electronic payment transactions
- C. Address details
- D. Control data
Answer: C,D
NEW QUESTION 24
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."
- A. Cost center
- B. Functional area
- C. Profit center
- D. Fixed asset
Answer: A,D
NEW QUESTION 25
You are starting the fiscal year-end process in Asset Accounting in SAP S/4HANA.
What are the year-end closing program checks for Asset Accounting?
Note: There are 2 correct answers to this questions.
- A. Posting periods are closed for asset G/L accounts.
- B. Asset master data is complete and without errors.
- C. Depreciation is posted in full for all assets.
- D. The fixed asset fiscal year change is complete.
Answer: B,C
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 assign a ledger group to every depreciation area
- 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 define a technical clearing account for integrated asset ^ acquisitions
- D. Unlike the ledger approach in the accounts approach, you maintain additional depreciation areas to post the delta valuation of each accounting principle
Answer: B
NEW QUESTION 27
General Ledger Accounting
"When is it possible to set the open item management indicator in a general ledger account Note: There are 2 correct answers to this question"
- A. When an account is set up as a reconciliation account
- B. When an account is set up as a secondary cost element
- C. When an account has a zero balance
- D. When an account is set up as balance sheet account
Answer: C,D
NEW QUESTION 28
Accounts Payable & Accounts Receivable
"Which of the following statemens best describe a noted item?
Note: There are 2 correct answers to this question"
- A. It updates the subledger and the general ledger
- B. It can be used to remind the user about due payments
- C. It can be accessed by the payment program
- D. It has an automatic statistical offsetting entry
Answer: B,C
NEW QUESTION 29
You have been asked to set up house banks as part of the implementation.
What information do you need?
Note: There are 3 correct answers to this questions.
- A. Payment method
- B. General ledger account
- C. Bank master data
- D. Company code
- E. Bank control key
Answer: B,C,D
NEW QUESTION 30
Which of the following are valid settlement receives, when you perform settlement for an asset under construction, on a line item basis?
Note: There are 2 correct answers to this questions.
- A. Cost center
- B. Functional area
- C. Profit center
- D. Fixed asset
Answer: A,D
NEW QUESTION 31
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. Document number required
- B. Account required
- C. Number of date fields required
- D. Company code required
- E. Reason code required
Answer: A,B,C
NEW QUESTION 32
"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?"
- A. You must use internal number assignment.
- B. You can use internal or external number assignment, but it has to be continuous.
- C. You must use external number assignment.
- D. You can use internal or external number assignment.
Answer: C
NEW QUESTION 33
How can you create an asset under construction?
Note: There are 2 correct answers to this questions.
- A. Automatically, when setting capex cost from a WBS element
- B. Automatically, when setting capex cost from an internal order
- C. Manually (transaction AS01), using a specific asset class
- D. Automatically, when creating an investment measure
Answer: A,D
NEW QUESTION 34
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. Assignment of default segments to G/L accounts
- B. Definition of validation rules
- C. Badi implementation (FAGL_DERIVE_SEGMENT)
- D. Standard account assignment using constants
Answer: B,C
NEW QUESTION 35
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 profit center accounting
- C. Profit and loss account that is used in margin analysis and profit center accounting
- D. Profit and loss account that is used in overhead management accounting
Answer: D
NEW QUESTION 36
General Ledger Accounting
How does the system perform the normal reversal of a journal entry?
- A. It creates the inverse posting of a cleared document before resetting it
- B. It creates an inverse posting by decreasing the transaction figures
- C. It creates an inverse posting by resetting the transaction figures
- D. creates an inverse posting by increasing the transaction figures
Answer: D
NEW QUESTION 37
Accounts Payable & Accounts Receivable
Which parameter indicates that a line item can only be dunned with restrictions?
- A. Dunning area
- B. Group key
- C. Dunning block reason
- D. Dunning key
Answer: D
NEW QUESTION 38
"Organizational Assignments and Process Integration "
What is the recommended organizational unit for cost of sales accounting?
- A. Controlling area
- B. Functional Area
- C. Profit center
- D. Profitability Segment
Answer: B
NEW QUESTION 39
How can you define a matching method for intercompany reconciliation?
- A. It can be either defined as master data or as configuration
- B. it can be automatically determined by a user exit
- C. It must be defined as master data
- D. It must be defined as configuration
Answer: D
NEW QUESTION 40
General Ledger Accounting
"What items are NOT cleared by the automatic clearing program?
Note: There are 3 correct answers to this question."
- A. Statistical postings
- B. Items with value-added tax
- C. Items with sales and use tax
- D. Items with withholding tax
- E. Noted items
Answer: A,E
NEW QUESTION 41
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