Aug 18, 2023 Updated C-TS4FI-2021 Dumps Questions For SAP Exam
Best Value Available Preparation Guide for C-TS4FI-2021 Exam
To prepare for the SAP C_TS4FI_2021 exam, candidates can take advantage of various training resources provided by SAP. These resources include online courses, e-books, and training manuals. Additionally, candidates can also participate in SAP's certification exam preparation workshops, which are designed to help candidates prepare for the exam.
NEW QUESTION # 35
What does the document type control?
Note: There are 3 correct answers to this questions.
- A. Which posting keys are allowed for postings
- B. whether postings to secondary cost accounts are permitted
- C. Whether postings to special periods are permitted
- D. Which account type are allowed for postings
- E. Whether negative posting are permitted
Answer: C,D,E
NEW QUESTION # 36
Financial Closing
"You must run the foreign currency valuation for both US GAAP and IFRS, which leads to different value for the 2 different accounting principles.
How can you set this up in the system?"
- A. Define two valuation ares and two accounting principles witth relevate links to ledgers.
- B. Define two valuation methods and assign the ledger groups to the new valuation method.
- C. Define two valuation methods and assign the accounting principles to the new valuation methods.
- D. Define two valuation ares and two extension ledgers with relevant links to accounting principles.
Answer: C
NEW QUESTION # 37
On which levels can you maintain field status controls for business partners (BP)?
Note: There are 2 correct answers to this questions.
- A. BP role
- B. BP category
- C. BP type
- D. Company code
Answer: A,C
NEW QUESTION # 38
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. Fixed asset
- B. Profit center
- C. Cost center
- D. Functional area
Answer: A,C
NEW QUESTION # 39
General Ledger Accounting
"How does SAP S/4HANA support the treatment of taxes?
Note: There are 3 correct answers to this question."
- A. It checks the tax amount entered and automatically calculates the tax.
- B. It adjusts the tax codes and automatically updated the procedure.
- C. It posts the tax amount to tax accounts.
- D. It perform tax adjustments for cash discounts and other forms of deductions.
- E. It checks the tax codes and automatically updates the tax rates based on changes by the tax authorities.
Answer: A,C,D
NEW QUESTION # 40
Which statement best describe extension ledgers in SAP S/4HANA?
Note: There are 2 correct answers to this questions.
- A. Extension ledgers can be assigned their own fiscal year variant
- B. Extension ledgers can have different currencies than the underlying ledger
- C. Multiple extension ledgers can point to the same underlying ledger
- D. Extension ledgers can be assigned their own posting period variant
Answer: C,D
NEW QUESTION # 41
Financial Closing
"You want to post journal entries in a special period.
Which conditions must be met?
Note: There are 2 correct answer to this question."
- A. The last posting period must be open for posting in the period control.
- B. The balance carry-forward to the new fiscal year must have taken control.
- C. The special period must be open for posting in the period control.
- D. You must enter a posting date in the last posting period.
Answer: A,D
NEW QUESTION # 42
Asset Accounting
"What do you define when configuring asset classes?
Note: There are 3 correct answers to thia question."
- A. Account determination
- B. Number ranges
- C. Posting keys
- D. Screen layout rules
- E. Transaction types
Answer: A,B,D
NEW QUESTION # 43
To use the SAP Financial Closing cockpit, which steps are required?
Note: There are 3 correct answers to this questions.
- A. Create task groups.
- B. Create a template.
- C. Define the person responsible for tasks.
- D. Release the task dependencies.
- E. Define the task dependencies.
Answer: B,D,E
NEW QUESTION # 44
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 # 45
You are configuring asset-related postings of depreciation areas in Asset Accounting. Which of the following settings is "NOT" permitted?
- A. Area does not post
- B. Area posts revaluation only
- C. Area posts depreciation only
- D. Area posts in real time
Answer: B
NEW QUESTION # 46
You are getting ready to post you first simple general ledger document using the SAP Fiori app for posting in the test environment.
What configuration items do you need to set up to post a simple document?
Note: There are 2 correct answers to this questions.
- A. Automatic account determination must be maintained
- B. The posting period variant must be created and assigned
- C. Number range and document types must be maintained
- D. Line item text templates must be maintained
Answer: B,C
NEW QUESTION # 47
You post a purchase order.
For which expenses does the system calculate accruals?
Note: There are 2 correct answers to this questions.
- A. Raw material purchases
- B. Fixed asset purchases
- C. Consulting Services
- D. Insurance premiums
Answer: A,B
NEW QUESTION # 48
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 sales and use tax
- B. Items with value-added tax
- C. Statistical postings
- D. Items with withholding tax
- E. Noted items
Answer: A,C,D
NEW QUESTION # 49
What are the characteristics of a company in SAP S/4HANA?
Note: There are 2 correct answers to this questions.
- 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 # 50
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