Prepare C-TS4FI-2021 Question Answers - C-TS4FI-2021 Exam Dumps
Real SAP C-TS4FI-2021 Exam Questions [Updated 2023]
NEW QUESTION # 16
How does an automatic intercompany asset transfer work?
- A. It determines the relationship type automatically, using the company code
- B. It assumes that the transfer happens between two independent legal entities
- C. determines the relationship type automatically, using the company ID
- D. It does NOT allow a transfer to happen within a single legal entity
Answer: B
NEW QUESTION # 17
Which steps are required to create a substitution in Financial Accounting?
Note: There are 3 correct answers to this questions.
- A. Specify an authorization group.
- B. Select Activation Level 2.
- C. Define the substitution rule with its different steps using the formula editor.
- D. Select the correct call-up point.
- E. Assign the substitution rule to the controlling area.
Answer: A,B,C
NEW QUESTION # 18
Which of the following should you consider when defining asset number range?
Note: There are 2 correct answers to this questions.
- A. Each asset number range must be assigned to unique asset class
- B. Each asset class can be have either an internal or external number range
- C. Asset number ranges are defined for asset classes and are company code specific
- D. Asset number ranges are defined at chat of depreciation level
Answer: B,C
NEW QUESTION # 19
How does SAP S4/HANA support the treatment of taxes?
Note: There are 3 correct answers to this questions.
- A. It post the tax amount to tax accounts
- B. It checks the tax codes and automatically updates the taxes based on changes by tax authorities
- C. It performs tax adjustments for cash discounts and other forms of deductions
- D. It checks the tax amount entered and automatically calculates the tax
- E. It adjust the tax codes and automatically updates the procedure
Answer: A,C,D
NEW QUESTION # 20
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 codes and automatically updates the tax rates based on changes by the tax authorities.
- B. It perform tax adjustments for cash discounts and other forms of deductions.
- C. It checks the tax amount entered and automatically calculates the tax.
- D. It adjusts the tax codes and automatically updated the procedure.
- E. It posts the tax amount to tax accounts.
Answer: B,C,E
NEW QUESTION # 21
Financial Closing
Which of the following is a technical year-end closing activity is SAP S/4HANA?
- A. Foreign currency valuation must be posted.
- B. Accruals must be posted.
- C. Ledger valances must be carried forward.
- D. Balance sheet adjustments must be posted.
Answer: C
NEW QUESTION # 22
On which levels can you maintain field status controls for business partners (BP)?
Note: There are 2 correct answers to this questions.
- A. Company code
- B. BP category
- C. BP type
- D. BP role
Answer: C,D
NEW QUESTION # 23
Asset Accounting
How do you identify an asset master record as an asset under construction?
- A. The asset capitalization date is empty
- B. The ordinary depreciation start date is empty
- C. The asset belongs to a specific asset class
- D. The depreciation key is empty
Answer: C
NEW QUESTION # 24
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. Posting date
- B. Value date
- C. Goods receipt date
- D. Entry date
- E. Document date
Answer: A,D,E
NEW QUESTION # 25
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. Prerequisite
- C. Check
- D. Message
Answer: A,B
NEW QUESTION # 26
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 negative posting are permitted
- C. whether postings to secondary cost accounts are permitted
- D. Which account type are allowed for postings
- E. Whether postings to special periods are permitted
Answer: B,D,E
NEW QUESTION # 27
Which information is part of the Bank Master Data?
Note: There are 2 correct answers to this questions.
- A. Address details
- B. Data Medium Exchange (DME) details
- C. Control data
- D. Information for electronic payment transactions
Answer: A,C
NEW QUESTION # 28
Financial Closing
After you collected data in the Intercompany Reconciliation tool, what are the next steps of the reconciliation process?
- A. 1. Store the data
2. Present reconciled and non-reconciled data
3. Communicate difference
4. Post the correction documents - B. 1. Store the data
2. Present reconciled and non-reconciled data
3. Post the correction documents
4. Communicate difference - C. 1. Present reconciled and non-reconciled data
2. Post the correction documents
3. Store the data
4. Communicate difference - D. 1. Post the correction documents
2. Store the data
3. Present reconciled and non-reconciled data
4. Communicate difference
Answer: A
NEW QUESTION # 29
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
- B. Profit and loss account that is used in overhead management accounting
- C. Profit and loss account that is used in profit center accounting
- D. Profit and loss account that is used in margin analysis and profit center accounting
Answer: B
NEW QUESTION # 30
Asset Accounting
"You are creating an asset master record by copying another asset, and you notice that the inventory number is copied over. Whih setting do you make on the screen layout maintenance page to ensure the inventory number is NOT copies over when you create new asset master vai copy?"
- A. Remove the main asset indicator
- B. Remove the reference indicator
- C. Remove the asset class indicator
- D. Remove the subnumber indicator
Answer: B
NEW QUESTION # 31
What are the features of the Accrual Engine in SAP S/4HANA?
Note: There are 2 correct answers to this questions.
- A. All accrual calculations must be reviewed and approved before posting.
- B. Accrual postings with a maximum of two line items are supported.
- C. The fiscal year variant of the general ledger is supported.
- D. All currencies of the general ledger are supported.
Answer: C,D
NEW QUESTION # 32
Asset Accounting
"What are the maintenace levels of a screen layout rule for asset master data?
Note: There are 3 correct answers to this question."
- A. Asset class
- B. Depreciation area
- C. Asset subnumber
- D. Main asset number
- E. Group asset
Answer: A,C,D
NEW QUESTION # 33
What do you define when configuring asset classes?
Note: There are 3 correct answers to this questions.
- A. Number ranges
- B. Transaction types
- C. Screen layout rule
- D. Account determination
- E. Posting keys
Answer: A,C,D
NEW QUESTION # 34
After you collect data in the Inter company Reconciliation tool,what are the next steps of the reconciliation process?
- A. * Store the data.
* Present reconciled and non-reconciled data
* Communicate differences.
* Post the correction documents. - B. * Post the correct on documents
* Store the data.
* Present reconciled and non-reconciled data
* Communicate differences - C. * Store the data.
* Present reconciled and non-reconciled data
* Post the correct on documents
* Communicate differences. - D. * Present reconciled and non-reconciled data
* Post the correct on documents
* Store the data.
* Communicate differences.
Answer: A
NEW QUESTION # 35
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