C_TS4FI_2021 Dumps To Pass SAP Certified Application Associate Exam in One Day (Updated 83 Questions)
C_TS4FI_2021 Exam Brain Dumps - Study Notes and Theory
SAP C_TS4FI_2021 exam is ideal for professionals who are working or planning to work in the financial accounting domain. SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021) certification validates their expertise in implementing financial accounting processes using SAP S/4HANA. C_TS4FI_2021 exam requires candidates to have a good understanding of financial accounting principles and concepts and their application in SAP S/4HANA. Passing the SAP C_TS4FI_2021 exam demonstrates a candidate's proficiency in financial accounting with SAP S/4HANA and enhances their career prospects in the financial accounting domain.
SAP C-TS4FI-2021 certification exam is designed for individuals who have experience in financial accounting and are looking to validate their knowledge and skills in using SAP S/4HANA for financial accounting. C_TS4FI_2021 exam is one of the most sought-after certifications in the financial accounting domain and is widely recognized by organizations worldwide.
To take the SAP C-TS4FI-2021 certification exam, candidates must have a good understanding of financial accounting processes and SAP ERP Financial Accounting. They should also be familiar with SAP S/4HANA Financial Accounting functionalities such as the Universal Journal, the Material Ledger, and the SAP Fiori user interface. Candidates should also have practical experience in configuring and implementing SAP S/4HANA Financial Accounting modules.
NEW QUESTION # 29
Financial Closing
"You want to post journal entries in a special period.
Which conditions must be met?
Note: There are 2 correct answer to this question."
- A. The special period must be open for posting in the period control.
- B. You must enter a posting date in the last posting period.
- C. The balance carry-forward to the new fiscal year must have taken control.
- D. The last posting period must be open for posting in the period control.
Answer: B,D
NEW QUESTION # 30
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 aggregated in real time from any line item table.
- B. The data is available in real time at line item detail.
- C. The data is constantly auto-archived to optimize memory usage.
- D. The data is summarized into higher levels of aggregates to accelerate system performance.
Answer: A,B
NEW QUESTION # 31
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 questions.
- A. You want to deploy SAP S/4HANA Cloud.
- B. You want to use document splitting for the General Ledger.
- C. You want to integrate the system with SAP Business Technology Platform.
- D. You want to clean up your system and use SAP Best Practices.
Answer: A,D
NEW QUESTION # 32
What is the purpose of period interval 3 when you define open and closed periods?
- A. Authorization control for posting periods
- B. Posting from CO to Fl
- C. Posting to special periods
- D. Posting to special purpose ledger
Answer: B
NEW QUESTION # 33
You are running an international business and you want to set up separate legal entities to run operations and perform accounting activities.
Which organizational unit do you need to create for each legal entity?
- A. Consolidation unit
- B. Company
- C. Company Code
- D. Segment
Answer: C
NEW QUESTION # 34
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."
- A. Field status variant
- B. Document number range
- C. Business transaction variant
- D. Document type
Answer: C,D
NEW QUESTION # 35
Accounts Payable and Accounts Receivable
What dunning -related data do you maintain on the business partner master record? (3 correct answers)
- A. Dunning interval
- B. Dunning Key
- C. Dunning procedure
- D. Dunning block
- E. Dunning area
Answer: D,E
NEW QUESTION # 36
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 summarized into higher levels of aggregated to help system performance.
- B. The data is aggregated on the fly from any line item table.
- C. The data is constantly auto archived to optimize memory usege.
- D. The data is available in real time at line item detail.
Answer: B,D
NEW QUESTION # 37
After you collect data in the Inter company Reconciliation tool,what are the next steps of the reconciliation process?
- A. * Post the correct on documents
* Store the data.
* Present reconciled and non-reconciled data
* Communicate differences - B. * Present reconciled and non-reconciled data
* Post the correct on documents
* Store the data.
* Communicate differences. - C. * Store the data.
* Present reconciled and non-reconciled data
* Post the correct on documents
* Communicate differences. - D. * Store the data.
* Present reconciled and non-reconciled data
* Communicate differences.
* Post the correction documents.
Answer: D
NEW QUESTION # 38
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 checks the tax amount entered and automatically calculates the tax.
- C. It adjusts the tax codes and automatically updated the procedure.
- D. It perform tax adjustments for cash discounts and other forms of deductions.
- E. It posts the tax amount to tax accounts.
Answer: B,D,E
NEW QUESTION # 39
General Ledger Accounting
"Besides using the profit center, which options dose General Ledger Accounting with document splitting provide to assign a segment to the posting line?
Note: there are 2 correct answers to this question."
- A. Assignment of default segments to G/L accounts
- B. Standard account assignment using constants
- C. Badi implementation (FAGL_DERIVE_SEGMENT)
- D. Definition of validation rules
Answer: C,D
NEW QUESTION # 40
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 subnumber
- B. Depreciation area
- C. Main asset number
- D. Asset class
- E. Group asset
Answer: A,C,D
NEW QUESTION # 41
For which account can you perform account clearing in SAP S4/HANA?
- A. For any account that is managed on an open item basis
- B. For any balance sheet account managed on a line item basis
- C. For any account that can be posted in foreign currency
- D. For any G/L account defined as a reconciliation account
Answer: D
NEW QUESTION # 42
How can you define a matching method for intercompany reconciliation?
- A. it can be automatically determined by a user exit
- B. It can be either defined as master data or as configuration
- C. It must be defined as master data
- D. It must be defined as configuration
Answer: D
NEW QUESTION # 43
You want to configure the tax calculation procedures.
What are the main elements you need to define?
Note: There are 3 correct answers to this questions.
- A. Tax category
- B. Condition type
- C. Tax code
- D. Sequence of steps \/ Q Account Key
Answer: A,B,D
NEW QUESTION # 44
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