May 01, 2023 C-TS4FI-2021 Exam Crack Test Engine Dumps Training With 83 Questions
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NEW QUESTION 29
Which field can you change on a posted invoice?
- A. Tax code
- B. Cost center
- C. Payment terms
- D. Special GL indicator
Answer: C
NEW QUESTION 30
Which parameter indicates that a line can be dunned only with restrictions?
- A. Dunning area
- B. Dunning grouping
- C. Dunning Key
- D. Dunning block reason
Answer: C
NEW QUESTION 31
Which closing activities are performed for external reporting as per SAP best practices?
Note: There are 3 correct answers to this questions.
- A. Run plan assessment cycles for profit center
- B. Regroup receivables and payables on the balance sheet
- C. Perform flat rate value adjustment for receivables
- D. Perform a top-down distribution in margin analysis
- E. Preform valuations of open items in foreign currency
Answer: B,C,E
NEW QUESTION 32
You perform foreign currency valuation for open items of you supplier accounts. The valuations will be used only for period end reposting and should them be reversed. What account does the system use to post the valuation differences?
- A. Individual supplier accounts with special G/L indicator
- B. Adjustment G/L account for foreign currency
- C. Alternative reconciliation G/L account
- D. Supplier reconciliation G/L account
Answer: B
NEW QUESTION 33
Asset Accounting
"Which of the following should you consider when defining asset number ranges?
Note: There are 2 correct answers to this question."
- A. Each asset number range must be assigned to a unique asset class.
- B. Each asset class can have either an internal or external number range.
- C. Asset number range are defined for asset classes and are company code specific.
- D. Asset number range are defined at chart of depreciation level.
Answer: B,C
NEW QUESTION 34
Which field can you change on a posted invoice?
- A. Special G/L indicator
- B. Tax code
- C. Basel ine date
- D. Statistical internal order
Answer: C
NEW QUESTION 35
"Organizational Assignments and Process Integration "
What is the recommended organizational unit for cost of sales accounting?
- A. Profit center
- B. Functional Area
- C. Controlling area
- D. Profitability Segment
Answer: B
NEW QUESTION 36
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 37
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.
- A. In the leger approach, you maintain additional depreciation areas to post the delta valuation of each accouting principle, unlike the accounts approach.
- B. In the ledger approach, you assign a ledger group to every depreciation area, unlike the account approach.
- C. In the accounts approach, you define a technical clearing account for integrated asset acquisitions, unlike the ledger approach.
- D. In the accounts approach, you assign a separate set of accounts for each accounting principle, unlike the ledger approach.
Answer: D
NEW QUESTION 38
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. Define depreciation areas for each category of legacy asset
- B. Define a depreciation area to transfer all the legacy data
- C. Configure depreciation keys and calculation keys
- D. Define asset classes and maintain their attributes
Answer: C
NEW QUESTION 39
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.
- A. The fixed asset fiscal year change is complete.
- B. Asset master data is complete and without errors.
- C. Posting periods are closed for asset G/L accounts.
- D. Depreciation is posted in full for all assets.
Answer: B,D
NEW QUESTION 40
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 41
How can you define a matching method for intercompany reconciliation?
- A. It must be defined as master data
- B. It can be either defined as master data or as configuration
- C. it can be automatically determined by a user exit
- D. It must be defined as configuration
Answer: D
NEW QUESTION 42
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 depreciation areas for each category of legacy asset.
- B. Define depreciation keys and calculation keys.
- C. Define depreciation areas to transfer all the legacy data.
- D. Define asset classes and maintain their attributes.
Answer: D
NEW QUESTION 43
Financial Closing
"You must run the foreign currency valuation for both US GAAP and IFRS, which leads to different value for the 2 different accounting principles.
How can you set this up in the system?"
- A. Define two valuation methods and assign the ledger groups to the new valuation method.
- B. Define two valuation methods and assign the accounting principles to the new valuation methods.
- C. Define two valuation ares and two extension ledgers with relevant links to accounting principles.
- D. Define two valuation ares and two accounting principles witth relevate links to ledgers.
Answer: B
NEW QUESTION 44
"Organizational Assignments and Process Integration "
"You want to create substitution in Financial Accounting.
Which partsdo you have to define for each step of the substitution?
Note: There are 2 correcanswers to this question."
- A. Substitution values
- B. Check statement
- C. Callup point
- D. Prerequisite statement
Answer: A,D
NEW QUESTION 45
For which account can you perform account clearing in SAP S4/HANA?
- A. For any account that can be posted in foreign currency
- B. For any balance sheet account managed on a line item basis
- C. For any account that is managed on an open item basis
- D. For any G/L account defined as a reconciliation account
Answer: D
NEW QUESTION 46
Asset Accounting
"In your SAP S/4HANA system, you report financial values for three separate accounting principles. You post an acquisition for an asset that is capitalize in a single accounting priciple.
If you use the application to post integrated asset acquisitions, how many documents will the system post?"
- A. 0
- B. 1
- C. 2
- D. 3
Answer: A
NEW QUESTION 47
Financial Closing
What is the purpose of period interval 3 when you define open and closed periods?
- A. posting to special putpose ledge
- B. Posting to the extension ledge
- C. Posting to special periods
- D. Posting from CO to FI
Answer: D
NEW QUESTION 48
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. General ledger account
- B. Bank control key
- C. Company code
- D. Payment method
- E. Bank master data
Answer: A,C,E
NEW QUESTION 49
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