Free Mar-2024 C_TS4FI_2021 Certification Sample Questions certification Exam
Certification Topics of C_TS4FI_2021 Exam PDF Recently Updated Questions
SAP C_TS4FI_2021 exam is designed for professionals who want to become certified in SAP S/4HANA for Financial Accounting Associates. SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021) certification validates the individual's knowledge and skills in financial accounting processes, including general ledger, accounts payable and receivable, asset accounting, and financial closing. C_TS4FI_2021 exam covers various topics, such as the configuration of financial accounting in SAP S/4HANA, the use of SAP Fiori applications, and the integration of financial accounting with other SAP modules.
SAP C-TS4FI-2021 exam consists of 80 multiple-choice questions and has a time limit of 180 minutes. C_TS4FI_2021 exam covers a wide range of topics, including financial accounting basics, financial closing, financial statement preparation, and financial accounting configuration. To be eligible for this certification, you must have a minimum of six months of experience in SAP S/4HANA Financial Accounting or a related area. Additionally, SAP recommends that you complete the associated training courses before attempting the exam.
NEW QUESTION # 42
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 billing document.
- D. A dowm payment request is created as an FI noted item, which automatically generates an SD sales order.
Answer: B
NEW QUESTION # 43
What are some features of SAP HANA?
Note: There are 2 correct answers to this questions.
- A. SAP HANA is built on a hierarchical data model architecture.
- B. SAP HANA is optimized to organize data using column stores.
- C. SAP HANA is optimized to work with aggregates and index tables.
- D. SAP HANA is allows transactional and analytical processing from the same tables.
Answer: B,D
NEW QUESTION # 44
In your SAPS/4HANA system, you want to archive the G/L accounts that are not used by the business in any company code. What are prerequisites to archiving all data of a G/L account?
Note: There are 3 correct answers to this questions.
- A. Transactional figures are older than a customizable amount of years.
- B. There are no transaction figures for the account.
- C. Set the deletion flag in the chart of accounts data of the G/L account.
- D. Set the deletion flag in the company code data of the G/L account.
- E. The account is not used in any automatic account determination.
Answer: A,B,C
NEW QUESTION # 45
"Organizational Assignments and Process Integration "
"You want to define a validation for the combination of general ledger account and cost center.
For which call-up point do you define this validation?"
- A. Document line
- B. Complete document
- C. Cost of sales accounting
- D. Document header
Answer: A
NEW QUESTION # 46
How can you create an asset under construction?
Note: There are 2 correct answers to this questions.
- A. Manually (transaction AS01), using a specific asset class
- B. Automatically, when creating an investment measure
- C. Automatically, when setting capex cost from an internal order
- D. Automatically, when setting capex cost from a WBS element
Answer: B,D
NEW QUESTION # 47
General Ledger Accounting
For which account can you perform account clearing in SAP S/4HANA?
- A. For any account that is assigned to a financial statement version
- B. For any balance sheet account managed on a line item basis
- C. For any account that is managed on an open item basis
- D. For any G/L account defined as reconciliation account
Answer: D
NEW QUESTION # 48
What does the document type control?
Note: There are 3 correct answers to this questions.
- A. Whether postings to special periods are permitted
- B. Which account type are allowed for postings
- C. Which posting keys are allowed for postings
- D. Whether negative posting are permitted
- E. whether postings to secondary cost accounts are permitted
Answer: A,B,D
NEW QUESTION # 49
What is shared between all deployment options for SAP S/4HANA (Cloud, On-Premise) Note: There are 3 correct answers to this questions.
- A. Code line
- B. User experience
- C. Upgrade intervals
- D. Data model
- E. Configuration options
Answer: A,B,D
NEW QUESTION # 50
General Ledger Accounting
"What items are NOT cleared by the automatic clearing program?
Note: There are 3 correct answers to this question."
- A. Statistical postings
- B. Items with sales and use tax
- C. Items with withholding tax
- D. Items with value-added tax
- E. Noted items
Answer: A,B,C
NEW QUESTION # 51
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. Replacement
- B. Check
- C. Prerequisite
- D. Message
Answer: A,C
NEW QUESTION # 52
You forgot to add a new general ledger account to the financial statement version.
What impact does this have on the net profit and net loss?
- A. The balance of the new account is added to the notes in the financial statement item section and is excluded from the calculation
- B. The balance of the new account is added to the in the financial statement item section and is included from the calculation
- C. The balance of the new account is added to the non-assigned selection and excluded in the calculation
- D. The balance of the new account is added to the non-assigned selection and included in the calculation
Answer: C
NEW QUESTION # 53
You are a group cash manager interested in the North American business market What ate the personalization options available to you in SAP Fiori?
Note: There are 2 correct answers to this questions.
- A. You can adapt the launchpad color theme according to predefined values for the cash report
- B. You can create a title group with all the apps required for you daily business for easy access
- C. You can manage user access to relevant apps for your team without help from an administrator
- D. You can create a title to take you directly to the cash position of the North America business market
Answer: C,D
NEW QUESTION # 54
Which steps are required to create a substitution in Financial Accounting?
Note: There are 3 correct answers to this questions.
- A. Select Activation Level 2.
- B. Assign the substitution rule to the controlling area.
- C. Define the substitution rule with its different steps using the formula editor.
- D. Specify an authorization group.
- E. Select the correct call-up point.
Answer: A,C,D
NEW QUESTION # 55
Accounts Payable and Accounts Receivable
What dunning -related data do you maintain on the business partner master record? (3 correct answers)
- A. Dunning area
- B. Dunning Key
- C. Dunning block
- D. Dunning interval
- E. Dunning procedure
Answer: B,C,E
NEW QUESTION # 56
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. Functional area
- B. Fixed asset
- C. Profit center
- D. Cost center
Answer: B,D
NEW QUESTION # 57
"Organizational Assignments and Process Integration "
"In your SAP S/4HANA system, you want to archive the G/L account that are not ised by the business in any company code.
What are prerequisities to archiving all data of a G/L account?
Note: There are 3 correct answers to this question"
- A. The blocked for posting indicator is set fot the G/L account.
- B. There are no transaction figures for the account.
- C. Transaction figured are older than a customizable amount of years.
- D. Set the deletion flag in the chart of accounts data of the G/L account.
- E. Set the deletion flag in the company code data of the G/L account.
Answer: B,D,E
NEW QUESTION # 58
Accounts Payable & Accounts Receivable
"Which fields of a financial accounting document influence the automatic payment program?
Note: There are 3 correct answers to this question."
- A. Terms of payment
- B. Payment method
- C. Baseline date
- D. Payment type
- E. Payment transaction
Answer: A,B,C
NEW QUESTION # 59
Which date is used to determine the depreciation star date?
- A. Baseline date
- B. Acquisition date
- C. Asset value date
- D. Posting date
Answer: C
NEW QUESTION # 60
A general ledger account is defined with the account type "Nonoperating Expense or Income" Where can this account be used?
- A. Profit and loss account that is used in margin analysis and profit center accounting
- B. Profit and loss account that is used in margin analysis
- C. Profit and loss account that is used in overhead management accounting
- D. Profit and loss account that is used in profit center accounting
Answer: C
NEW QUESTION # 61
Which fields of a financial accounting document influence the automatic payment program?
Note: There are 3 correct answers to this questions.
- A. Baseline date
- B. Payment transaction
- C. Payment method
- D. Term of payment
- E. Payment type
Answer: B,C,D
NEW QUESTION # 62
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.
- A. Archive transactional data no longer legally required
- B. Add required authorizations for data aging to your role
- C. Define the logical file path as a global path for data aging
- D. Switch on the data aging business function.
Answer: A,D
NEW QUESTION # 63
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SAP C-TS4FI-2021 certification exam consists of 80 multiple-choice questions, and the candidate has 180 minutes to complete the exam. The passing score for the exam is 64%, and the exam is available in multiple languages.
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