SAP C_TS4FI_2021 Exam Questions (Updated 2023) 100% Real Question Answers [Q41-Q61]

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SAP C_TS4FI_2021 Exam Questions (Updated 2023) 100% Real Question Answers

Pass SAP C_TS4FI_2021 Exam Quickly With ActualCollection

QUESTION 41
General Ledger Accounting
“You are getting ready to post your first simple general ledger document using the SAP fiori app for posting in a test environment.
What configuration items do you need to set up to post a simple document?
Note: There are 2 correct answers to this question. “

The posting period variant must be created and assigned.

Number range and document types must be maintained.

User must be assined to a tolerance group.

Line item text templates must be maintained.

QUESTION 42
General Ledger Accounting
“Which statements best describe a profit center?
Note: There are 2 correct answers to this question.”

It is an object for which separate balance sheet and P&L statements can be created, independently from segments being maintain or not.

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

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

It is an object for which separate balance sheet and P&L statements can be created only when used in conjunction with segment.

QUESTION 43
Asset Accounting
“You are configuring asset-related postings of depreciation areas in Asset Accounting for a company code that uses the ledger approach to parallel valuation Which of the following settings would lead to an error?”

Area does not post

Area posts APC immediately, depreciation periodically

Area posts depreciation only

Area posts in real time

QUESTION 44
Accounts Payable & Accounts Receivable
“In your system, you currently perform manual outgoing payments and you want to use the automatic payment program.
Which settings must you maintain as part of the configuration of the automatic payment program?
Note: There are 2 correct answers to this question.”

Payment terms

Bank determination

Payment blocks

Paying company code

QUESTION 45
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.

QUESTION 46
What are the maintenance levels of a screen layout rule for asset master data? Note:There are 3 correct answers to this question

Main asset number

Asset sub number

Group asset

Depreciation area

Asset class

QUESTION 47
Overview and Deployment of SAP S/4HANA
“You are a group cash manager interested in the North American business market.
What are the personalization options available to you in SAP Fiori?
Note: There are 2 correct answers to this question”

You can create a tile group with all the apps required for you daily business for easy access

You can create a tile to take you directly to the cash position of the North American business market

You can manage user access to relevant apps for the North American accounts payable group that reports to you

You can adapt the launchpad color theme according to predefined values for the cash report

QUESTION 48
Financial Closing
Which of the following is a technical year-end closing activity is SAP S/4HANA?

Ledger valances must be carried forward.

Accruals must be posted.

Balance sheet adjustments must be posted.

Foreign currency valuation must be posted.

QUESTION 49
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

QUESTION 50
“Organizational Assignments and Process Integration ” “You define custom currency type Zl for your company code. Which currency types must be stored in the Data Entry view? Note: There are 2 correct answers to this question.”

Hard currency

Document currency

Company code currency

Custom currency type Zl

QUESTION 51
Overview and Deployment of SAP S/4HANA
“What are some features of SAP HANA?
Note: There are 2 correct answers to this question.”

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

SAP HANA is built on a hierarchical data model architecture.

SAP HANA is optimized to organize data using column stores.

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

QUESTION 52
Asset Accounting
“In your SAP S/4HANA system, you report financial values for three separate accounting principles. You post an acquisition for an asset that is capitalize in a single accounting priciple.
If you use the application to post integrated asset acquisitions, how many documents will the system post?”

QUESTION 53
Financial Closing
“What are the features of the Accrual Engine in SAP S/4HANA?
Note: There are 2 correct answers to this question”

The fiscal year variant of the general ledger is supported

All accrual calculations must be reviewed and approved before posting

All currencies of the general ledger are supported

Accrual postings with a maximum of two line items are supported

QUESTION 54
Accounts Payable & Accounts Receivable
“What you can control with the reason code in Accounts Receivable?
Note: There are 3 correct answers to this question.”

The special G/L indicator for the down payment

The type of payment notice sent to customer.

The exclusing of disputed residual items from credit limit checks.

The document type of the payment.

The account where a residual item is posted.

QUESTION 55
Which of the following is a technical year-end closing activity in SAP S/4HANA?

Profit center carry-forward must be posted.

Foreign currency valuation must be posted.

Balance sheet adjustments must be posted.

Ledger balances must be carried forward

QUESTION 56
Overview and Deployment of SAP S/4HANA
“What are some of the benefits of the data handing in SAP S/4HANA?
Note: There are 2 correct answers to this question.”

The data is aggregated on the fly from any line item table.

The data is constantly auto archived to optimize memory usege.

The data is summarized into higher levels of aggregated to help system performance.

The data is available in real time at line item detail.

QUESTION 57
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.”

Entry date

Document date

Goods receipt date

Posting date

Value date

QUESTION 58
To use the SAP Financial Closing cockpit, which steps are required? Note: There are 3 correct answers to this question.

Release task list

Define person responsible for tasks

Define task dependencies

Create task groups

Create template

QUESTION 59
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”

Condition type

Tax category

Tax code

Sequence of steps

Account key

QUESTION 60
Overview and Deployment of SAP S/4HANA
“What are key reasons for preferring a new implementation of SAP S/4HANA rather than a system conversion from SAP ERP?
Note: There are 2 correct answers to this question”

You want to deploy SAP S/4HANA Cloud

You want to use document splitting for the General Ledger

You want to integrate the system into SAP Cloud Platform

You want to clean up your system and use SAP Best Practices

QUESTION 61
Asset Accounting
“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 asset classes and maintain their attributes

Configure depreciation keys and calculation keys

Define depreciation areas for each category of legacy asset

Define a depreciation area to transfer all the legacy data

Real SAP C_TS4FI_2021 Exam Questions [Updated 2023]: https://www.actualcollection.com/C_TS4FI_2021-exam-questions.html

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