[Jul 25, 2023] Fully Updated Dumps PDF – Latest C-TS4FI-2021 Exam Questions and Answers [Q28-Q52]

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[Jul 25, 2023] Fully Updated Dumps PDF – Latest C-TS4FI-2021 Exam Questions and Answers

100% Free C-TS4FI-2021 Exam Dumps to Pass Exam Easily from PracticeMaterial

SAP C_TS4FI_2021 certification exam is designed for individuals who are interested in becoming certified in SAP’s financial accounting software, SAP S/4HANA. SAP Certified Application Associate – SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021) certification exam is intended for application associates who have experience working with SAP S/4HANA financial accounting solutions and want to validate their knowledge and skills in this area. C-TS4FI-2021 exam is based on the latest version of SAP S/4HANA, which is the 2021 release.

QUESTION 28
Which of the following statements are valid for financial document number ranges?
Note: There are 3 correct answers to this questions.

The same financial document number range can be assigned to several document type

All financial document number ranges can contain numbers and/or letters

Financial document number ranges defined at client level should NOT overlap

Financial document number ranges are defined at company code level

Financial document number ranges must be defined for the year in which they are used

QUESTION 29
How does the system perform the normal reversal of a journal entry?

It creates an inverse posting by resenting the transaction figures for cleared documents.

It creates an inverse posting by increasing the transaction figures.

It creates an inverse posting by decreasing the transaction figures.

It creates an inverse posting by resenting the transaction figures.

QUESTION 30
General Ledger Accounting
“You are responsible for configuring document splitting.
What are some of the ky settings?
Note There are 2 correct answer to this question.”

Business transaction variant

Document type

Field status variant

Document number range

QUESTION 31
“Organizational Assignments and Process Integration “
Which of the following statements best describes how customer down payments are integrated with Sales & Distribution (SD)?

A down payment request is created as an SD sales order, which is automatically posted in FI as a noted item.

A down payment request is created as an FI noted item, which automatically generates as an SD billing document.

A down payment request is created as an SD billing document, which is automatically posted in FI as a noted item.

A down payment request is created as an FI noted item, which automatically generates as an SD sales order.

QUESTION 32
Which steps are required to create a substitution in Financial Accounting?
Note: There are 3 correct answers to this questions.

Select the correct call-up point.

Specify an authorization group.

Define the substitution rule with its different steps using the formula editor.

Assign the substitution rule to the controlling area.

Select Activation Level 2.

QUESTION 33
Overview and Deployment of SAP S/4HANA
“What are key reasons for preferring a new implementation of SAP S/4HANA rather than a system conversion from SAP ERP?
Note: There are 2 correct answers to this question”

You want to deploy SAP S/4HANA Cloud

You want to use document splitting for the General Ledger

You want to integrate the system into SAP Cloud Platform

You want to clean up your system and use SAP Best Practices

QUESTION 34
Which of the following is a technical year-end closing activity in SAP S/4HANA?

Profit center carry-forward must be posted.

Foreign currency valuation must be posted.

Balance sheet adjustments must be posted.

Ledger balances must be carried forward

QUESTION 35
Accounts Payable & Accounts Receivable
Which business partner characteristic is mapped to the customer and supplier account groups?

Business partner type

Business partner account group

Business partner grouping

Business partner role

QUESTION 36
Asset Accounting
“What do you define when configuring asset classes?
Note: There are 3 correct answers to thia question.”

Account determination

Number ranges

Screen layout rules

Transaction types

Posting keys

QUESTION 37
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.”

The data is aggregated on the fly from any line item table.

The data is constantly auto archived to optimize memory usege.

The data is summarized into higher levels of aggregated to help system performance.

The data is available in real time at line item detail.

QUESTION 38
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

You must use external number assignment

You must use internal number assignment

You can use internal or external number assignment, but only if it is continuous

You can use internal or external number assignment

QUESTION 39
Which of the following is technical year-end closing activity in SAP S4/HANA?

Foreign currency valuation must be posted

Accruals must be posted

Balance sheet adjustments must be posted

Ledger balances must be carried forward

QUESTION 40
Accounts Payable and Accounts Receivable
What dunning -related data do you maintain on the business partner master record? (3 correct answers)

Dunning area

Dunning interval

Dunning procedure

Dunning block

Dunning Key

QUESTION 41
General Ledger Accounting
For which account can you perform account clearing in SAP S/4HANA?

For any balance sheet account managed on a line item basis

For any account that is managed on an open item basis

For any G/L account defined as reconciliation account

For any account that is assigned to a financial statement version

QUESTION 42
Besides using the profit center, which options does General Ledger Accounting with document splitting provide to assign a segment to the posting lines?
Note: There are 2 correct answers to this questions.

BADI implementation (FAGL_DERIVE_SEGMENT)

Definition of validation rules

Standard account assignment, using constants

Assignment of default segments to G/L accounts

QUESTION 43
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?”

Define asset classes and maintain their attributes

Configure depreciation keys and calculation keys

Define depreciation areas for each category of legacy asset

Define a depreciation area to transfer all the legacy data

QUESTION 44
In your system, you currently perform manual outgoing payments and you want to use the automatic payment program. Which new settings must you maintain as part of the configuration of the automatic payment program?
Note: There are 2 correct answers to this questions.

Payment terms

Payment run

Bank determination

Paying company codes

QUESTION 45
A general ledger account is defined with the account type “Nonoperating Expense or Income” Where can this account be used?

Profit and loss account that is used in margin analysis

Profit and loss account that is used in margin analysis and profit center accounting

Profit and loss account that is used in overhead management accounting

Profit and loss account that is used in profit center accounting

QUESTION 46
General Ledger Accounting
“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 question”

Bank Master Data

Payment method

General ledger account

Bank Control Key

Company code

QUESTION 47
What does the document splitting funtion do?
Note: There are 2 correct answers to this questions.

It enriches all relevant balance sheet account lines with the defined splitting characteristics.

It ensure that you can create complete financial reports per profit center if it is required by the business.

It enable the automatic creation of additional posting documents for each defined splitting characteristics.

It enriches all customer and vendor line items with the defined splitting characteristics in the relevant subledgers.

QUESTION 48
General Ledger Accounting
“What do you need to do to configure a new exchange rate type in SAP S/4HANA?
Note: There are 2 correct answers to this question.”

Maintain exchange rates daily

Specify a purpose for the exhange rate type

Specify the company code currency as the base currency

Set up the relationship between currencies using translation ratios

QUESTION 49
What dunning-related data do you maintain on the business partner master record?
Note: There are 2 correct answers to this questions.

Dunning block

Dunning key

Dunning interval

Dunning area

QUESTION 50
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.

Profit center

Fixed asset

Cost center

Functional area

QUESTION 51
You are getting ready to post you first simple general ledger document using the SAP Fiori app for posting in the test environment.
What configuration items do you need to set up to post a simple document?
Note: There are 2 correct answers to this questions.

Line item text templates must be maintained

The posting period variant must be created and assigned

Number range and document types must be maintained

Automatic account determination must be maintained

QUESTION 52
“Organizational Assignments and Process Integration “
“You assign currency type 40 to your company code in ledger 0L.
Which source currency types can you select?
Note: There are 2 correct answer to this question.”

Controlling area

Company code currency

Document currency

Group currency

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SAP C_TS4FI_2021 exam is an essential certification for financial accounting associates who want to demonstrate their proficiency in using SAP S/4HANA for Financial Accounting. SAP Certified Application Associate – SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021) certification can help individuals advance their careers, increase their earning potential, and gain recognition for their skills and knowledge in the field.

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