[Q36-Q50] Try 100% Updated C_TS4FI_2021 Exam Questions [2022]

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Try 100% Updated C_TS4FI_2021 Exam Questions [2022]

Pass C_TS4FI_2021 Exam – Real Questions and Answers

NO.36 Financial Closing
“Your SAP S/4HANA system is integrated with controlling. You perform cost-of-sales accounting and you report your profit and loss per profit center.
When posting a supplier invoice to a primary account, which field is mandatory by standard procedures?”

Business Area

Profitability segment

Functional Area

Segment

NO.37 Financial Closing
What is the order of configuration within SAP Financial Closing Cockpit?

Create template, create task list, create tasks, define dependencies, release task list

Create task list, release task list, define dependencies, create template, create tasks

Create template, create tasks, define depedencies, create task list, release task list

Define dependencies, create template, create tasks, create task list, release task list

NO.38 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.39 Asset Accounting
What is the difference between the ledger approach and the accounts approach to parallel caluation in Asset Accounting?
Note: There are 1 correct answers to this question.

In the accounts approach, you assign a separate set of accounts for each accounting principle, unlike the ledger approach.

In the leger approach, you maintain additional depreciation areas to post the delta valuation of each accouting principle, unlike the accounts approach.

In the accounts approach, you define a technical clearing account for integrated asset acquisitions, unlike the ledger approach.

In the ledger approach, you assign a ledger group to every depreciation area, unlike the account approach.

NO.40 You are configuring asset-related postings of depreciation areas in Asset Accounting. Which of the following settings is “NOT” permitted?

Area does not post

Area posts depreciation only

Area posts in real time

Area posts revaluation only

NO.41 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.42 Financial Closing
After you collected data in the Intercompany Reconciliation tool, what are the next steps of the reconciliation process?

1. Present reconciled and non-reconciled data
2. Post the correction documents
3. Store the data
4. Communicate difference

1. Store the data
2. Present reconciled and non-reconciled data
3. Post the correction documents
4. Communicate difference

1. Post the correction documents
2. Store the data
3. Present reconciled and non-reconciled data
4. Communicate difference

1. Store the data
2. Present reconciled and non-reconciled data
3. Communicate difference
4. Post the correction documents

NO.43 Accounts Payable & Accounts Receivable
Which field can you change on a posted invoice?

Statistical internal order

Basel ine date

Tax code

Special G/L indicator

NO.44 Asset Accounting.
“You are starting the fiscal year-end process in Asset Accounting in SAP S/4 HANA.
What are the year-end closing program checks for Asset Accounting?
Note: There are 2 correct answers to this question”

Depreciation is posted in full for all assets

Posting periods are closed for asset G/L accounts

The fixed asset fiscal year change is complete

Asset master data is complete and without errors

NO.45 “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.46 Asset Accounting
“Which of the following should you consider when defining asset number ranges?
Note: There are 2 correct answers to this question.”

Each asset class can have either an internal or external number range.

Asset number range are defined at chart of depreciation level.

Asset number range are defined for asset classes and are company code specific.

Each asset number range must be assigned to a unique asset class.

NO.47 General Ledger Accounting
“A general ledger account has a foreign currency setting of CAD. The company code currency is USD. The controlling area currency is EUR.
Which currencies can you post to this account?”

You can post to the account in any currency and it will be converted into CAD.

You can only post to the account in CAD, USD, and EUR.

You can only post to the account in CAD and USD.

You can only post to the account in CAD.

NO.48 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”

When an account is set up as a reconciliation account

When an account has a zero balance

When an account is set up as balance sheet account

When an account is set up as a secondary cost element

NO.49 “Organizational Assignments and Process Integration “
“Ypu need to post customer invoices via interface from a non-SAP system. You want to define a new document type with a specific document number range that matches the document numbers of the source system.
How do you define the document number range?”

You must use external number assignment.

You can use internal or external number assignment, but it has to be continuous.

You must use internal number assignment.

You can use internal or external number assignment.

NO.50 “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

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