Get up-to-date Real Exam Questions for C-TS4FI-2021 UPDATED [2023]
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The SAP C_TS4FI_2021 exam is designed to test your understanding of financial accounting processes and your ability to work with SAP S/4HANA. The exam is divided into multiple choice questions and scenario-based questions. The exam is timed, and you must complete it within the allotted time to pass.
The SAP C_TS4FI_2021 exam is designed to test the expertise of individuals in SAP S/4HANA Financial Accounting. This certification is intended for candidates who have a basic understanding of financial accounting processes and want to validate their knowledge in SAP S/4HANA. The exam evaluates the candidate's ability to implement financial accounting processes using SAP S/4HANA and provides them with a globally recognized certification.
NEW QUESTION # 26
Which of the following closing activities is a so-called technical closing step?
- A. Perform valuations of open items in foreign currency
- B. Close the previous period in Material Management (MM)
- C. Perform asset depreciation run
- D. Process purchase order accruals
Answer: B
NEW QUESTION # 27
How does the system perform the normal reversal of a journal entry?
- A. It creates an inverse posting by resenting the transaction figures.
- B. It creates an inverse posting by decreasing the transaction figures.
- C. It creates an inverse posting by increasing the transaction figures.
- D. It creates an inverse posting by resenting the transaction figures for cleared documents.
Answer: C
NEW QUESTION # 28
What does the document type control?
Note: There are 3 correct answers to this questions.
- A. Whether negative posting are permitted
- B. Which posting keys are allowed for postings
- C. whether postings to secondary cost accounts are permitted
- D. Whether postings to special periods are permitted
- E. Which account type are allowed for postings
Answer: A,D,E
NEW QUESTION # 29
Asset Accounting
"What do you define when configuring asset classes?
Note: There are 3 correct answers to thia question."
- A. Number ranges
- B. Transaction types
- C. Posting keys
- D. Account determination
- E. Screen layout rules
Answer: A,D,E
NEW QUESTION # 30
What does the document splitting funtion do?
Note: There are 2 correct answers to this questions.
- A. It enriches all relevant balance sheet account lines with the defined splitting characteristics.
- B. It enriches all customer and vendor line items with the defined splitting characteristics in the relevant subledgers.
- C. It enable the automatic creation of additional posting documents for each defined splitting characteristics.
- D. It ensure that you can create complete financial reports per profit center if it is required by the business.
Answer: A,B
NEW QUESTION # 31
Which prerequisites must be fulfilled to allow for negative posting of journal entries?
Note: There are 2 correct answers to this questions.
- A. The company code must allow negative postings
- B. The posting key must allow negative postings
- C. The reversal accounts must be configured to allow negative postings
- D. The reversal reason must be configured to allow negative postings
Answer: A,D
NEW QUESTION # 32
You 'd like to set up low values asset (LVA) management.
What do you need to do?
- A. Define a base unit for measure for LVA in individual management
- B. Specify the minimum amount for LVA at three levels: company code, depreciation area and asset class
- C. Specify the minimum amount for LVA at two levels: company code and chart of depreciation
- D. Define two separate asset classes to manage LVA using individual or collective management
Answer: B
NEW QUESTION # 33
You must run the foreign currency valuation for both US GAAP and IFRS. which leads to different values for the two different accounting principles.
How can you set this up in the system?
- A. Define two valuation methods and assign the ledger groups to the new valuation methods
- B. Define two valuation area and assign and two accounting principles with relevant links to ledgers
- C. Define two valuation methods and assign the accounting principles to the new valuation methods
- D. Define two valuation area and assign and two extension ledgers with relevant links to accounting principles
Answer: C
NEW QUESTION # 34
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?"
- A. Alternative reconciliation G/L account
- B. Individual supplier accounts with special G/L indicator
- C. Supplier reconciliation G/L account
- D. Adjustment G/L account for foreign currency
Answer: D
NEW QUESTION # 35
In your SAP S4/HANA system, you report financial values for two separate accounting principles. You post an acquisition for an asset that is capitalized in a single accounting principle.
If you use the application to post integrated asset acquisitions, how many documents will the system post?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: D
NEW QUESTION # 36
Asset Accounting
"Which of the following should you consider when defining asset number ranges?
Note: There are 2 correct answers to this question."
- A. Each asset class can have either an internal or external number range.
- B. Asset number range are defined for asset classes and are company code specific.
- C. Each asset number range must be assigned to a unique asset class.
- D. Asset number range are defined at chart of depreciation level.
Answer: A,B
NEW QUESTION # 37
General Ledger Accounting
For which account can you perform account clearing in SAP S/4HANA?
- A. For any G/L account defined as reconciliation account
- B. For any account that is managed on an open item basis
- C. For any account that is assigned to a financial statement version
- D. For any balance sheet account managed on a line item basis
Answer: A
NEW QUESTION # 38
Which of the following should you consider when defining asset number range?
Note: There are 2 correct answers to this questions.
- A. Asset number ranges are defined for asset classes and are company code specific
- B. Each asset number range must be assigned to unique asset class
- C. Asset number ranges are defined at chat of depreciation level
- D. Each asset class can be have either an internal or external number range
Answer: A,D
NEW QUESTION # 39
How does SAP S4/HANA support the treatment of taxes?
Note: There are 3 correct answers to this questions.
- A. It adjust the tax codes and automatically updates the procedure
- B. It checks the tax amount entered and automatically calculates the tax
- C. It post the tax amount to tax accounts
- D. It checks the tax codes and automatically updates the taxes based on changes by tax authorities
- E. It performs tax adjustments for cash discounts and other forms of deductions
Answer: B,C,E
NEW QUESTION # 40
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."
- A. Posting date
- B. Goods receipt date
- C. Document date
- D. Entry date
- E. Value date
Answer: A,C,D
NEW QUESTION # 41
Asset Accounting
Which date is used to determine the depreciation start date?
- A. Posting date
- B. Document date
- C. Asset value date
- D. Baseline date
Answer: C
NEW QUESTION # 42
Asset Accounting
How do you identify an asset master record as an asset under construction?
- A. The asset capitalization date is empty
- B. The depreciation key is empty
- C. The ordinary depreciation start date is empty
- D. The asset belongs to a specific asset class
Answer: D
NEW QUESTION # 43
Financial Closing
"Which statements best describe extension ledgers in SAP S/4HANA?
Note: There are 2 correct answers to this question."
- A. Extension ledgers can have different currencies than the underlying.
- B. Extension ledgers can be assigned their own posting period variant.
- C. Multiple extension ledgers can point to the same underlying ledger.
- D. Extension ledger can be assigned their own fiscal year variant.
Answer: C,D
NEW QUESTION # 44
Overview and Deployment of SAP S/4HANA
"What is shared between all deployment options for SAP S/4HANA (Cloud, On-Premise)?
Note: There are 3 correct answers to this question."
- A. User experience
- B. Code line
- C. Data model
- D. Upgrade intervals
- E. Configuration Scope
Answer: A,B,C
NEW QUESTION # 45
How can you create an asset under construction?
Note: There are 2 correct answers to this questions.
- A. Automatically, when creating an investment measure
- B. Manually (transaction AS01), using a specific asset class
- C. Automatically, when setting capex cost from a WBS element
- D. Automatically, when setting capex cost from an internal order
Answer: A,C
NEW QUESTION # 46
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