(Dec-2023) C_TS4FI_2021 Exam Dumps Contains FREE Real Quesions from the Actual Exam

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Becoming SAP certified can be a significant career booster for financial accounting professionals. It provides an opportunity to demonstrate expertise in SAP S/4HANA 2021 financial accounting solutions and can lead to increased job opportunities and higher salaries. Preparing for the SAP C_TS4FI_2021 exam requires a thorough understanding of financial accounting principles and SAP S/4HANA 2021. Candidates may want to consider taking a training course or using study materials to ensure they are fully prepared for the exam.

 

NEW QUESTION # 17
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 adjust the tax codes and automatically updates the procedure
• E. It checks the tax amount entered and automatically calculates the tax

Answer: A,C,E

NEW QUESTION # 18
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. Depreciation area
• B. Asset subnumber
• C. Main asset number
• D. Group asset
• E. Asset class

Answer: B,C,E

NEW QUESTION # 19
Which parameter indicates that a line can be dunned only with restrictions?

• A. Dunning grouping
• B. Dunning area
• C. Dunning Key
• D. Dunning block reason

Answer: C

NEW QUESTION # 20
What is the purpose of period interval 3 when you define open and closed periods?

• A. Posting to special purpose ledger
• B. Posting from CO to Fl
• C. Authorization control for posting periods
• D. Posting to special periods

Answer: B

NEW QUESTION # 21
Asset Accounting
"How do you configure depreciation areas in SAP S/4 HANA?
Note: There are 2 correct answers to this question."

• A. Ensure all depreciation areas always post to the general ledger
• B. Assign depreciaton area 01 to the leading ledger
• C. Ensure a ledger group is assigned to each accounting principle
• D. Assign each accounting principle to a depreciation area

Answer: A,D

NEW QUESTION # 22
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. Company code currency
• B. Controlling area currency
• C. Document currency
• D. Group currency

Answer: A,B

NEW QUESTION # 23
Which of the following statements are valid for financial document number ranges?
Note: There are 3 correct answers to this questions.

• A. All financial document number ranges can contain numbers and/or letters
• B. The same financial document number range can be assigned to several document type
• C. Financial document number ranges are defined at company code level
• D. Financial document number ranges must be defined for the year in which they are used
• E. Financial document number ranges defined at client level should NOT overlap

Answer: B,C,E

NEW QUESTION # 24
What area of the benefits of how data handled in SAP S/4HANA?
Note: There are 2 correct answers to this questions.

• A. The data is summarized into higher levels of aggregates to accelerate system performance.
• B. The data is aggregated in real time from any line item table.
• C. The data is available in real time at line item detail.
• D. The data is constantly auto-archived to optimize memory usage.

Answer: B,C

NEW QUESTION # 25
Which elements define the integration of asset acquisitions with the general ledger?
Note: There are 2 correct answers to this questions.

• A. Depreciation Area
• B. Valuation Area
• C. Depreciation Keys
• D. Asset Class

Answer: A,D

NEW QUESTION # 26
What difference between the ledger approach and the accounts approach to parallel valuation in Asset Accounting?

• A. Unlike the ledger approach in the accounts approach, you define a technical clearing account for integrated asset ^ acquisitions
• B. Unlike the ledger approach in the accounts approach, you assign a ledger group to every depreciation area
• C. Unlike the ledger approach in the accounts approach, you maintain additional depreciation areas to post the delta valuation of each accounting principle
• D. Unlike the ledger approach in the accounts approach, you assign a separate set of accounts for each accounting principle

Answer: D

NEW QUESTION # 27
Which of the following should you consider when defining asset number range?
Note: There are 2 correct answers to this questions.

• A. Asset number ranges are defined at chat of depreciation level
• B. Each asset number range must be assigned to unique asset class
• C. Asset number ranges are defined for asset classes and are company code specific
• D. Each asset class can be have either an internal or external number range

Answer: C,D

NEW QUESTION # 28
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 area and assign and two extension ledgers with relevant links to accounting principles
• B. Define two valuation area and assign and two accounting principles with relevant links to ledgers
• C. Define two valuation methods and assign the ledger groups to the new valuation methods
• D. Define two valuation methods and assign the accounting principles to the new valuation methods

Answer: D

NEW QUESTION # 29
General Ledger Accounting
How does the system perform the normal reversal of a journal entry?

• A. It creates the inverse posting of a cleared document before resetting it
• B. creates an inverse posting by increasing the transaction figures
• C. It creates an inverse posting by resetting the transaction figures
• D. It creates an inverse posting by decreasing the transaction figures

Answer: B

NEW QUESTION # 30
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?"

• A. Configure depreciation keys and calculation keys
• B. Define depreciation areas for each category of legacy asset
• C. Define a depreciation area to transfer all the legacy data
• D. Define asset classes and maintain their attributes

Answer: A

NEW QUESTION # 31
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."

• A. The data is aggregated on the fly from any line item table.
• B. The data is available in real time at line item detail.
• C. The data is summarized into higher levels of aggregated to help system performance.
• D. The data is constantly auto archived to optimize memory usege.

Answer: A,B

NEW QUESTION # 32
Asset Accounting
"Which elements define the integration of asset acquisitions with the general ledger?
Note: There are 2 correct answers to this question."

• A. Valuation area
• B. Depreciation area
• C. Asset class
• D. Depreciation keys

Answer: B,C

NEW QUESTION # 33
What is shared between all deployment options for SAP S/4HANA (Cloud, On-Premise) Note: There are 3 correct answers to this questions.

• A. Upgrade intervals
• B. User experience
• C. Data model
• D. Configuration options
• E. Code line

Answer: B,C,E

NEW QUESTION # 34
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. Company code
• B. Payment method
• C. Bank control key
• D. Bank master data
• E. General ledger account

Answer: A,D,E

NEW QUESTION # 35
You want to configure the default baseline data 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 questions.

• A. Posting date
• B. Entry date
• C. Document date
• D. Value date
• E. Goods receipt date

Answer: A,B,C

NEW QUESTION # 36
When is it possible to set the open item management indicator in a general ledger account?
Note: There are 2 correct answers to this questions.

• A. When an a account is set up as a secondary cost element
• B. When an a account is set up as a reconciliation account
• C. When an a account has a zero balance
• D. When an a account is set up as a balance sheet account

Answer: B,D

NEW QUESTION # 37
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. Check statement
• D. Prerequisite statement

Answer: B,D

NEW QUESTION # 38
What is the purpose of the chart of depreciation?

• A. The chart of depreciation is a reporting tool that structures your assets for hierarchical reporting.
• B. The chart of depreciation manages country-specific legal valuation of fixed assets
• C. The chart of depreciation substitutes the operational chart of accounts in asset-related postings.
• D. The chart of depreciation defines the asset classes for which you can create fixed assets

Answer: B

NEW QUESTION # 39
What do you define when configuring asset classes?
Note: There are 3 correct answers to this questions.

• A. Posting keys
• B. Number ranges
• C. Transaction types
• D. Screen layout rule
• E. Account determination

Answer: B,D,E

NEW QUESTION # 40
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?

• A. Define asset classes and maintain their attributes.
• B. Define depreciation areas for each category of legacy asset.
• C. Define depreciation keys and calculation keys.
• D. Define depreciation areas to transfer all the legacy data.

Answer: A

NEW QUESTION # 41
Asset Accounting
How can you perform transfers of asset between company codes with differet chart of depreciation?

• A. Define a global transfer variant and assign all the depreciation areas to it.
• B. Configure the cross-company depreciation areas in Customizing.
• C. Ensure the same depreciation areas are used in all charts of depreciation.
• D. Enter depreciation area mapping during intercompany transfer posting.

Answer: B

NEW QUESTION # 42
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SAP C_TS4FI_2021 exam is designed to test your understanding of financial accounting processes and your ability to work with SAP S/4HANA. C_TS4FI_2021 exam is divided into multiple choice questions and scenario-based questions. C_TS4FI_2021 exam is timed, and you must complete it within the allotted time to pass.

SAP C_TS4FI_2021 exam covers a broad range of topics related to financial accounting in SAP S/4HANA. Candidates are expected to have a deep understanding of the system's features and functionalities, including general ledger accounting, accounts payable, accounts receivable, asset accounting, and financial closing. They must also demonstrate their ability to configure and customize these processes to meet specific business requirements.

 

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