[Q12-Q34] Dumps for Free SAP C-TS4FI-2021 Practice Exam Questions [Oct 28, 2023]

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Dumps for Free SAP C-TS4FI-2021 Practice Exam Questions [Oct 28, 2023]

C-TS4FI-2021 Dumps PDF And Certification Training

NO.12 Which of the following is technical year-end closing activity in SAP S4/HANA?

Foreign currency valuation must be posted

Accruals must be posted

Balance sheet adjustments must be posted

Ledger balances must be carried forward

NO.13 “Organizational Assignments and Process Integration “
“What does the document type control?
Note: There are 2 correct answers to this question.”

Which account types are allowed for postings

Whether text is required on line item level

Whether negative postings are permitted

Which posting keys are allowed for postings

NO.14 What are some features of SAP HANA?
Note: There are 2 correct answers to this questions.

SAP HANA is optimized to organize data using column stores.

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

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

SAP HANA is built on a hierarchical data model architecture.

NO.15 You perform foreign currency valuation for open items of you supplier accounts. The valuations will be used only for period end reposting and should them be reversed. What account does the system use to post the valuation differences?

Alternative reconciliation G/L account

Individual supplier accounts with special G/L indicator

Supplier reconciliation G/L account

Adjustment G/L account for foreign currency

NO.16 How does SAP S4/HANA support the treatment of taxes?
Note: There are 3 correct answers to this questions.

It checks the tax amount entered and automatically calculates the tax

It post the tax amount to tax accounts

It checks the tax codes and automatically updates the taxes based on changes by tax authorities

It adjust the tax codes and automatically updates the procedure

It performs tax adjustments for cash discounts and other forms of deductions

NO.17 Which requirements do you need to fulfill to use data aging for Finance in the SAP S/4HANA system?
Note:There are 2 correct answers to this question.

Define the logical file path as a global path for data aging

Add required authorizations for data aging to your role

Archive transactional data no longer legally required

Switch on the data aging business function.

NO.18 Financial Closing
“You forget to add a new general ledger account to the financial statement version.
What impact does this have on the net profit and net loss?”

The balance of the new account is added to the non-assigned section and is included in the calculation

The balance of the new account is added to the notes in the financial statement item section and is included in the calculation

The balance of the new account is added to the notes in the financial statement item section and is excluded from the calculation

The balance of the new account is added to the non-assigned section and is excluded from the calculation

NO.19 For which special G/L indicator do you specify a target special G/L indicator?

Bill of exchange

Vendor down-payment request

Customer down-payment

Guarantee given

NO.20 “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

NO.21 Besides using the profit center, which options does General Ledger Accounting with document splitting provide to assign a segment to the posting line? Note: There are 2 correct answers to this question.

Standard account assignment using constants

Configuration of the derivation logic with derivation sequence and steps

BAdl implementation (FAGL_DERIVE_SEGMENT)

Definition of validation rules

NO.22 General Ledger Accounting
“How does SAP S/4HANA support the treatment of taxes?
Note: There are 3 correct answers to this question.”

It posts the tax amount to tax accounts.

It perform tax adjustments for cash discounts and other forms of deductions.

It checks the tax amount entered and automatically calculates the tax.

It adjusts the tax codes and automatically updated the procedure.

It checks the tax codes and automatically updates the tax rates based on changes by the tax authorities.

NO.23 General Ledger Accounting
“Which prerequisites must be fulfilled to allow fot negative posting of journal entry?
Note: There are 2 correct answers to this question”

The posting key must allow nagative postings.

The company code must allow negative postings.

The reversal acccount must be configured to allow nagative postings.

The reversal reason must be configured to allow nagative postings.

NO.24 When can you set the open item management indicator in a general ledger account? Note: There are 2 correct answers to this question.

When an account is used as a reconciliation account

When an account has a zero balance

When an account is set up as a cost element

When an account is required for clearing

NO.25 Which statements best describe a profit center?
Note: There are 2 correct answers to this questions.

It is an object for which separate balance sheet and P&L statements can be created, whether segments are being maintained or not.

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

It is an object for which separate balance sheet and P&L statements are ,created only when used in conjunction segments.

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

NO.26 Financial Closing
“You post a purchase order
For which expenses does the system calculate accruals?
Note: There are 2 correct answers to this question”

Consulting services

Raw material purchases

Fixed Asset purchases

Insurance premiums

NO.27 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?

NO.28 Asset Accounting
“What do you define when configuring asset classes?
Note: There are 3 correct answers to thia question.”

Account determination

Number ranges

Screen layout rules

Transaction types

Posting keys

NO.29 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 depreciation areas for each category of legacy asset.

Define depreciation areas to transfer all the legacy data.

Define asset classes and maintain their attributes.

Define depreciation keys and calculation keys.

NO.30 Financial Closing
“Which statements best describe extension ledgers in SAP S/4HANA?
Note: There are 2 correct answers to this question.”

Extension ledger can be assigned their own fiscal year variant.

Extension ledgers can have different currencies than the underlying.

Multiple extension ledgers can point to the same underlying ledger.

Extension ledgers can be assigned their own posting period variant.

NO.31 “Organizational Assignments and Process Integration “
“Which of the following statements are valid for financial document number ranges?
Note: There are 3 correct answers to this question”

Financial document number ranges are defined at company code level

The same financial document number range can be assigned to several document types

Financial document number ranges defined at client level should NOT overlap

All financial document number ranges can contain numbers and/or letters

Financial document number ranges must be defined for the year in which they are used

NO.32 General Ledger Accounting
“What items are NOT cleared by the automatic clearing program?
Note: There are 3 correct answers to this question.”

Noted items

Statistical postings

Items with value-added tax

Items with sales and use tax

Items with withholding tax

NO.33 What do you define when configuring asset classes?
Note: There are 3 correct answers to this questions.

Transaction types

Number ranges

Screen layout rule

Posting keys

Account determination

NO.34 What does the document type control?
Note: There are 3 correct answers to this questions.

Whether postings to special periods are permitted

Which posting keys are allowed for postings

whether postings to secondary cost accounts are permitted

Which account type are allowed for postings

Whether negative posting are permitted

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SAP C_TS4FI_2021 certification is a valuable credential for professionals who work with financial accounting processes in SAP S/4HANA. SAP Certified Application Associate – SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021) certification demonstrates a high level of expertise in financial accounting processes and is recognized by employers worldwide. C-TS4FI-2021 exam covers the latest version of SAP S/4HANA, which is 2021, and tests the candidate’s ability to implement and configure financial accounting processes in SAP S/4HANA. Preparing for C-TS4FI-2021 exam requires an understanding of financial accounting processes in SAP S/4HANA, including financial closing, general ledger accounting, accounts payable, accounts receivable, asset accounting, and bank accounting.

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