2023 Valid C_TS4FI_2021 Real Exam Questions, practice SAP Certified Application Associate
Latest Success Metrics For Actual C_TS4FI_2021 Exam (Updated 83 Questions)
To prepare for the SAP C_TS4FI_2021 Certification Exam, candidates should have a basic understanding of financial accounting principles and SAP S/4HANA functionality. Additionally, they should have hands-on experience working with the SAP S/4HANA system. The exam consists of 80 multiple-choice questions and lasts for 180 minutes. To successfully pass the exam, candidates must achieve a minimum score of 64%. Upon passing the exam, individuals will receive the SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021) certification, which validates their knowledge and expertise in SAP S/4HANA for Financial Accounting.
NEW QUESTION # 10
For which account can you perform account clearing in SAP S4/HANA?
- A. For any G/L account defined as a reconciliation account
- B. For any account that is managed on an open item basis
- C. For any balance sheet account managed on a line item basis
- D. For any account that can be posted in foreign currency
Answer: A
NEW QUESTION # 11
General Ledger Accounting
"What items are NOT cleared by the automatic clearing program?
Note: There are 3 correct answers to this question."
- A. Noted items
- B. Items with value-added tax
- C. Statistical postings
- D. Items with withholding tax
- E. Items with sales and use tax
Answer: A,C
NEW QUESTION # 12
What does the document splitting funtion do?
Note: There are 2 correct answers to this questions.
- A. It ensure that you can create complete financial reports per profit center if it is required by the business.
- B. It enable the automatic creation of additional posting documents for each defined splitting characteristics.
- C. It enriches all customer and vendor line items with the defined splitting characteristics in the relevant subledgers.
- D. It enriches all relevant balance sheet account lines with the defined splitting characteristics.
Answer: C,D
NEW QUESTION # 13
Accounts Payable & Accounts Receivable
"What you can control with the reason code in Accounts Receivable?
Note: There are 3 correct answers to this question."
- A. The type of payment notice sent to customer.
- B. The exclusing of disputed residual items from credit limit checks.
- C. The document type of the payment.
- D. The account where a residual item is posted.
- E. The special G/L indicator for the down payment
Answer: A,B,D
NEW QUESTION # 14
Which information is part of the Bank Master Data?
Note: There are 2 correct answers to this questions.
- A. Address details
- B. Control data
- C. Information for electronic payment transactions
- D. Data Medium Exchange (DME) details
Answer: A,B
NEW QUESTION # 15
Which of the following steps do you typically perform during a payment run with the automatic payment program?
Note: There are 2 correct answers to this questions.
- A. Define maximum amounts to be paid per supplier.
- B. Rank bank accounts for payment.
- C. Maintain open item selection parameters.
- D. Review the payment proposal exception list.
Answer: C,D
NEW QUESTION # 16
Accounts Payable & Accounts Receivable
"In your system, you currently perform manual outgoing payments and you want to use the automatic payment program.
Which settings must you maintain as part of the configuration of the automatic payment program?
Note: There are 2 correct answers to this question."
- A. Paying company code
- B. Bank determination
- C. Payment blocks
- D. Payment terms
Answer: A,B
NEW QUESTION # 17
You need to post customer invoice though an interface with 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
- A. You must use external number assignment
- B. You can use internal or external number assignment
- C. You must use internal number assignment
- D. You can use internal or external number assignment, but only if it is continuous
Answer: A
NEW QUESTION # 18
Which fields of a financial accounting document influence the automatic payment program?
Note: There are 3 correct answers to this questions.
- A. Term of payment
- B. Payment transaction
- C. Payment method
- D. Baseline date
- E. Payment type
Answer: A,B,C
NEW QUESTION # 19
What are the characteristics of a company in SAP S/4HANA?
Note: There are 2 correct answers to this questions.
- A. It represents separate areas of operation within an organization.
- B. It is considered for consolidation.
- C. It can be assigned to a company code.
- D. It is responsible for costs and revenues within an organization.
Answer: B,C
NEW QUESTION # 20
"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 sales order.
- B. A down payment request is created as an SD sales order, which is automatically posted in FI as a noted item.
- C. A down payment request is created as an FI noted item, which automatically generates as an SD billing document.
- D. A down payment request is created as an SD billing document, which is automatically posted in FI as a noted item.
Answer: C
NEW QUESTION # 21
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. Document date
- D. Value date
- E. Posting date
Answer: A,C,E
NEW QUESTION # 22
"Organizational Assignments and Process Integration "
"Which steps are required to create a substitution in Financial Accounting?
Note: There are 3 correct answers to this question."
- A. Assign the substitution rule to the controlling area.
- B. Specify an authorization group.
- C. Select the correct call-up point.
- D. Define the substitution rule with its different steps using the formula editor.
- E. Select activation level 2.
Answer: C,D
NEW QUESTION # 23
"Organizational Assignments and Process Integration "
"What does the document type control?
Note: There are 2 correct answers to this question."
- A. Which posting keys are allowed for postings
- B. Whether text is required on line item level
- C. Whether negative postings are permitted
- D. Which account types are allowed for postings
Answer: A,C
NEW QUESTION # 24
How can you create an asset under construction?
Note: There are 2 correct answers to this questions.
- A. Automatically, when setting capex cost from a WBS element
- B. Automatically, when setting capex cost from an internal order
- C. Automatically, when creating an investment measure
- D. Manually (transaction AS01), using a specific asset class
Answer: A,C
NEW QUESTION # 25
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Earning the SAP C_TS4FI_2021 certification demonstrates that individuals have the knowledge and skills to implement financial accounting processes with SAP S/4HANA. This certification can enhance career prospects for professionals in the finance and accounting domain, as it validates their expertise in SAP S/4HANA for Financial Accounting. It also helps organizations identify and hire individuals with the necessary skills to implement and customize financial accounting processes with SAP S/4HANA.
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