2023 Valid C_TS4FI_2021 Real Exam Questions (Updated) 100% Dumps & Practice Exam [Q49-Q69]

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2023 Valid C_TS4FI_2021 Real Exam Questions (Updated) 100% Dumps & Practice Exam

[UPDATED 2023] SAP C_TS4FI_2021 Questions Prepare with Free Demo of PDF

To pass the SAP C_TS4FI_2021 Certification Exam, candidates must have a strong understanding of SAP S/4HANA for financial accounting, as well as the ability to apply that knowledge in real-world scenarios. C_TS4FI_2021 exam consists of 80 multiple-choice questions, which must be answered within a three-hour time frame. Candidates must achieve a minimum score of 65% to pass the exam and earn their certification. By earning this certification, candidates can demonstrate to potential employers that they have the knowledge and skills needed to work effectively with SAP S/4HANA for financial accounting, and can help their organizations improve their financial processes and performance.

To become certified in SAP S/4HANA for Financial Accounting, candidates must pass the C-TS4FI-2021 exam. C_TS4FI_2021 exam consists of 80 multiple-choice questions and has a time limit of 180 minutes. The passing score for the exam is 65%, and candidates can take the exam in multiple languages, including English, Japanese, and Chinese. The SAP C-TS4FI-2021 certification is valid for two years, and candidates must recertify to maintain their certification status. SAP Certified Application Associate – SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021) certification is beneficial for professionals who work in finance and accounting and want to advance their careers in SAP S/4HANA.

NO.49 Accounts Payable & Accounts Receivable
Which parameter indicates that a line item can only be dunned with restrictions?

Group key

Dunning block reason

Dunning key

Dunning area

NO.50 Accounts Payable & Accounts Receivable
“In customizing, at which levels can you assign the print program to the correspondence type?
Note: There are 2 correct answers to this question.”

At system level

At client level

At business partner level

At company code level

NO.51 General Ledger Accounting
“You are getting ready to post your first simple general ledger document using the SAP fiori app for posting in a test environment.
What configuration items do you need to set up to post a simple document?
Note: There are 2 correct answers to this question. “

The posting period variant must be created and assigned.

Number range and document types must be maintained.

User must be assined to a tolerance group.

Line item text templates must be maintained.

NO.52 Asset Accounting
What is the difference between the ledger approach and the accounts approach to parallel caluation in Asset Accounting?
Note: There are 1 correct answers to this question.

In the accounts approach, you assign a separate set of accounts for each accounting principle, unlike the ledger approach.

In the leger approach, you maintain additional depreciation areas to post the delta valuation of each accouting principle, unlike the accounts approach.

In the accounts approach, you define a technical clearing account for integrated asset acquisitions, unlike the ledger approach.

In the ledger approach, you assign a ledger group to every depreciation area, unlike the account approach.

NO.53 “Organizational Assignments and Process Integration “
“You are running an international business and you want to separate legal entities to run operations and perform accounting activities.
Which organizatinal unit do you need to create for each legal entity?”

Business Area

Consolidation Unit

Company

Company Code

NO.54 General Ledger Accounting
“Which statements best describe a profit center?
Note: There are 2 correct answers to this question.”

It is an object for which separate balance sheet and P&L statements can be created, independently from segments being maintain or not.

It is the only object that can be unifromly derived using segments.

It is the only object from which segments can be unifornly derived.

It is an object for which separate balance sheet and P&L statements can be created only when used in conjunction with segment.

NO.55 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

NO.56 You post a purchase order.
For which expenses does the system calculate accruals?
Note: There are 2 correct answers to this questions.

Consulting Services

Insurance premiums

Fixed asset purchases

Raw material purchases

NO.57 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

NO.58 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.

NO.59 What is the purpose of period interval 3 when you define open and closed periods?

Posting to special periods

Authorization control for posting periods

Posting from CO to Fl

Posting to special purpose ledger

NO.60 Accounts Payable & Accounts Receivable
Which field can you change on a posted invoice?

Statistical internal order

Basel ine date

Tax code

Special G/L indicator

NO.61 Financial Closing
“What are the features of the Accrual Engine in SAP S/4HANA?
Note: There are 2 correct answers to this question”

The fiscal year variant of the general ledger is supported

All accrual calculations must be reviewed and approved before posting

All currencies of the general ledger are supported

Accrual postings with a maximum of two line items are supported

NO.62 Which field can you change on a posted invoice?

Tax code

Statistical internal order

Basel ine date

Special G/L indicator

NO.63 Which of the following statement best describe a noted item?
Note: There are 2 correct answers to this questions.

It has an automatic statistical offsetting entry

It updates the subledger and the general ledger

It can be used to remind the user about due payments

It can be accessed by the payment program

NO.64 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

NO.65 What are the characteristics of a company in SAP S/4HANA?
Note: There are 2 correct answers to this questions.

It is responsible for costs and revenues within an organization.

It can be assigned to a company code.

It represents separate areas of operation within an organization.

It is considered for consolidation.

NO.66 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

NO.67 The country that your company code operates in has defined a new VAT tax rate percentage of 15%, which will become effective at the star of the next fiscal year. You create the new VAT codes 05 and 15 to cover this requirement.
How can you ensure that users use the new tax codes when entering tax relevant documents starting next year?

Enter the new tax codes as default for users who have authorization to post general ledger transactions after balance carry forward is done

Enter the appropriate new VAT code in the tax category field of the relevant expense and revenue G/L accounts after balance carry forward is done

Create a substitution that changes the deprecated VAT code when relevant new one when entering documents with posting data in the new year

Create a validation that issues an error when the user uses a deprecated VAT code when entering documents with posting data in the new year

NO.68 You are starting the fiscal year-end process in Asset Accounting in SAP S/4HANA.
What are the year-end closing program checks for Asset Accounting?
Note: There are 2 correct answers to this questions.

Asset master data is complete and without errors.

Posting periods are closed for asset G/L accounts.

Depreciation is posted in full for all assets.

The fixed asset fiscal year change is complete.

NO.69 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

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