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The C-TS4FI-2021 exam is based on SAP S/4HANA 2021, and it tests the candidates' ability to configure financial accounting in SAP S/4HANA, perform financial closing activities, and generate financial statements. It also validates the candidates' understanding of the integration of financial accounting with other SAP S/4HANA modules such as logistics and human resources.
SAP C_TS4FI_2021 exam is an essential certification for professionals who are involved in financial accounting processes and want to enhance their career prospects. C_TS4FI_2021 exam covers a range of topics related to financial accounting, including financial closing, financial accounting configuration, and financial accounting reporting. With the growing demand for SAP S/4HANA Financial Accounting professionals, this certification has become a valuable asset for individuals and organizations looking to stay competitive in the field.
NEW QUESTION # 43
"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."
- A. Hard currency
- B. Company code currency
- C. Document currency
- D. Custom currency type Zl
Answer: B,C
NEW QUESTION # 44
"Organizational Assignments and Process Integration "
Which of the following statements best describes how customer down payments are integrated with Sales & Distribution (SD)?
- A. A down payment request is created as an FI noted item, which automatically generates as an SD billing document.
- B. A down payment request is created as an SD billing document, which is automatically posted in FI as a noted item.
- C. A down payment request is created as an SD sales order, which is automatically posted in FI as a noted item.
- D. A down payment request is created as an FI noted item, which automatically generates as an SD sales order.
Answer: A
NEW QUESTION # 45
You want to create a substitution in Financial Accounting.
Which parts do you have to define for each step of the substitution?
Note: There are 2 correct answers to this questions.
- A. Callup point
- B. Substitution values
- C. Prerequisite statement
- D. Check statement
Answer: B,C
NEW QUESTION # 46
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?
- 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 # 47
Overview and Deployment of SAP S/4HANA
"What are some features of SAP HANA?
Note: There are 2 correct answers to this question."
- A. SAP HANA is optimized to work with aggregates and index tables.
- B. SAP HANA allows transactional and analytical processing from the same tables.
- C. SAP HANA is built on a hierarchical data model architecture.
- D. SAP HANA is optimized to organize data using column stores.
Answer: B,D
NEW QUESTION # 48
Which of the following closing activities is a so-called technical closing step?
- A. Perform valuations of open items in foreign currency
- B. Perform asset depreciation run
- C. Process purchase order accruals
- D. Close the previous period in Material Management (MM)
Answer: D
NEW QUESTION # 49
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 accounting principles 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 area and assign and two extension ledgers with relevant links to accounting principles
- D. Define two valuation methods and assign the ledger groups to the new valuation methods
Answer: A
NEW QUESTION # 50
Which information is part of the Bank Master Data?
Note: There are 2 correct answers to this questions.
- A. Information for electronic payment transactions
- B. Control data
- C. Data Medium Exchange (DME) details
- D. Address details
Answer: B,D
NEW QUESTION # 51
How do you configure depreciation areas in SAP S4/HANA?
Note: There are 2 correct answers to this questions.
- A. Ensure all depreciation areas always post to the general ledger
- B. Assign depreciation area 01 to the leading ledger
- C. Assign each accounting principle to a depreciation area
- D. Ensure a ledger group is assigned to each accounting principle
Answer: A,C
NEW QUESTION # 52
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"
- A. You can adapt the launchpad color theme according to predefined values for the cash report
- B. You can create a tile to take you directly to the cash position of the North American business market
- C. You can create a tile group with all the apps required for you daily business for easy access
- D. You can manage user access to relevant apps for the North American accounts payable group that reports to you
Answer: B,C
NEW QUESTION # 53
You assign currency type 40 to your company code in ledger 0L
Which source currency types can you select?
Note: There are 2 correct answers to this questions.
- A. Document currency
- B. Company code currency
- C. Controlling area currency
- D. Group currency
Answer: B,C
NEW QUESTION # 54
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. Bank control key
- C. Company code
- D. General ledger account
- E. Bank master data
Answer: C,D,E
NEW QUESTION # 55
Which of the following statements are valid for financial document number ranges?
Note: There are 3 correct answers to this questions.
- A. Financial document number ranges defined at client level should NOT overlap
- B. Financial document number ranges are defined at company code level
- C. The same financial document number range can be assigned to several document type
- D. All financial document number ranges can contain numbers and/or letters
- E. Financial document number ranges must be defined for the year in which they are used
Answer: A,B,C
NEW QUESTION # 56
General Ledger Accounting
"How does SAP S/4HANA support the treatment of taxes?
Note: There are 3 correct answers to this question."
- A. It posts the tax amount to tax accounts.
- B. It checks the tax amount entered and automatically calculates the tax.
- C. It checks the tax codes and automatically updates the tax rates based on changes by the tax authorities.
- D. It perform tax adjustments for cash discounts and other forms of deductions.
- E. It adjusts the tax codes and automatically updated the procedure.
Answer: A,B,D
NEW QUESTION # 57
Which of the following statement best describes how customer down payments are integrated with Sales & Distribution (SD)
- A. A dowm payment request is created as an SD sales order, which is automatically posted in FI as a noted item.
- B. A dowm payment request is created as a SD billing document, which is automatically posted in FI as a noted item.
- C. A dowm payment request is created as an FI noted item, which automatically generates an SD sales order.
- D. A dowm payment request is created as an FI noted item, which automatically generates an SD billing document.
Answer: B
NEW QUESTION # 58
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. Entry date
- B. Goods receipt date
- C. Value date
- D. Posting date
- E. Document date
Answer: A,D,E
NEW QUESTION # 59
What can you control with the reason code in Accounts Receivable?
Note: There are 3 correct answers to this questions.
- A. The account where a residual item is posted
- B. The type of payment notice sent to a customer
- C. The exclusion of disputed residual items from credit limit checks
- D. The document type of the payment
- E. The special G/L indicator for the down payment
Answer: A,B,C
NEW QUESTION # 60
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 balance sheet account
- B. When an account has a zero balance
- C. When an account is set up as a secondary cost element
- D. When an account is set up as a reconciliation account
Answer: A,B
NEW QUESTION # 61
You want to create a substitution in Financial Accounting. Which parts do you have to define for each step of the substitution? Note: There are 2 correct answers to this question.
- A. Message
- B. Replacement
- C. Check
- D. Prerequisite
Answer: B,D
NEW QUESTION # 62
You are responsible for configuring document splitting.
What are some of the key settings?
Note: There are 2 correct answers to this questions.
- A. Document type
- B. Field status variant
- C. Business transaction variant
- D. Document number range
Answer: A,C
NEW QUESTION # 63
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. Raw material purchases
- B. Consulting services
- C. Insurance premiums
- D. Fixed Asset purchases
Answer: A,D
NEW QUESTION # 64
Accounts Payable and Accounts Receivable
You want to edit a dunning proposal. Which actions can you perform to edit a dunning proposal? (3 correct answers)
- A. Lower the dunning level of an item
- B. Block a line item
- C. Block an account
- D. Change a document
- E. Raise the dunning level of an account
Answer: A,B,C
NEW QUESTION # 65
Accounts Payable and Accounts Receivable
What dunning -related data do you maintain on the business partner master record? (3 correct answers)
- A. Dunning block
- B. Dunning interval
- C. Dunning procedure
- D. Dunning area
- E. Dunning Key
Answer: A,D
NEW QUESTION # 66
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