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  • Exam Name: SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021)
  • Last Update: Jul 17, 2024
  • Questions and Answers: 80
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C_TS4FI_2021 Practice Exam Questions with Answers SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021) Certification

Question # 6

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

A.

Foreign currency valuation must be posted

B.

Accruals must be posted

C.

Balance sheet adjustments must be posted

D.

Ledger balances must be carried forward

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Question # 7

Which field can you change on a posted invoice?

A.

Basel ine date

B.

Tax code

C.

Special G/L indicator

D.

Statistical internal order

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Question # 8

You are asked to explain how assets under construction work in SAP S4/HANA

What should you highlight?

Note: There are 2 correct answers to this questions.

A.

It's possible to post credit memos, ever after assets under construction are fully capitalized

B.

It's possible to post special tax depreciation and investment support for assets under construction

C.

It's possible to to use asset under construction with investment management

D.

It's possible to calculate and post depreciation in the balance sheet depreciation area for assets under construction

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Question # 9

What difference between the ledger approach and the accounts approach to parallel valuation in Asset Accounting?

A.

Unlike the ledger approach in the accounts approach, you assign a separate set of accounts for each accounting principle

B.

Unlike the ledger approach in the accounts approach, you maintain additional depreciation areas to post the delta valuation of each accounting principle

C.

Unlike the ledger approach in the accounts approach, you define a technical clearing account for integrated asset ^ acquisitions

D.

Unlike the ledger approach in the accounts approach, you assign a ledger group to every depreciation area

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Question # 10

What is the recommended organizational unit for cost of sales accounting?

A.

Segment

B.

Controlling area

C.

Profit center

D.

Functional area

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Question # 11

Which of the following statements are valid for financial document number ranges?

Note: There are 3 correct answers to this questions.

A.

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

B.

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

C.

Financial document number ranges defined at client level should NOT overlap

D.

Financial document number ranges are defined at company code level

E.

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

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Question # 12

You 'd like to set up low values asset (LVA) management.

What do you need to do?

A.

Define two separate asset classes to manage LVA using individual or collective management

B.

Specify the minimum amount for LVA at three levels: company code, depreciation area and asset class

C.

Specify the minimum amount for LVA at two levels: company code and chart of depreciation

D.

Define a base unit for measure for LVA in individual management

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Question # 13

You want to edit a dunning proposal.

Which actions can you perform?

Note: There are 3 correct answers to this questions.

A.

Block an account.

B.

Raise the dunning level of an item.

C.

Change a document.

D.

Lower the dunning level of an item.

E.

Block a I ine item.

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Question # 14

You must run the foreign currency valuation for both US GAAP and IFRS. which leads to different values for the two 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 methods

B.

Define two valuation area and assign and two extension ledgers with relevant links to accounting principles

C.

Define two valuation methods and assign the accounting principles to the new valuation methods

D.

Define two valuation area and assign and two accounting principles with relevant links to ledgers

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Question # 15

Which statement best describe extension ledgers in SAP S/4HANA?

Note: There are 2 correct answers to this questions.

A.

Multiple extension ledgers can point to the same underlying ledger

B.

Extension ledgers can be assigned their own fiscal year variant

C.

Extension ledgers can be assigned their own posting period variant

D.

Extension ledgers can have different currencies than the underlying ledger

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Question # 16

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.

A.

Line item text templates must be maintained

B.

The posting period variant must be created and assigned

C.

Number range and document types must be maintained

D.

Automatic account determination must be maintained

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Question # 17

What are prerequisites for the 3-way match to work in procurement transactions?

Note: There are 2 correct answers to this questions.

A.

Invoice receipt posted in reference to the purchase order

B.

Invoice receipt posted before the goods receipt

C.

Good receipt posted before the invoice receipt

D.

Goods receipt posted in reference to the purchase order

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Question # 18

In your SAPS/4HANA system, you want to archive the G/L accounts that are not used by the business in any company code. What are prerequisites to archiving all data of a G/L account?

Note: There are 3 correct answers to this questions.

A.

Set the deletion flag in the company code data of the G/L account.

B.

The account is not used in any automatic account determination.

C.

Transactional figures are older than a customizable amount of years.

D.

Set the deletion flag in the chart of accounts data of the G/L account.

E.

There are no transaction figures for the account.

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Question # 19

For which account can you perform account clearing in SAP S4/HANA?

A.

For any balance sheet account managed on a line item basis

B.

For any G/L account defined as a reconciliation account

C.

For any account that can be posted in foreign currency

D.

For any account that is managed on an open item basis

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Question # 20

Which information is part of the Bank Master Data?

Note: There are 2 correct answers to this questions.

A.

Data Medium Exchange (DME) details

B.

Control data

C.

Information for electronic payment transactions

D.

Address details

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Question # 21

What does the document type control?

Note: There are 3 correct answers to this questions.

A.

Whether postings to special periods are permitted

B.

Which posting keys are allowed for postings

C.

whether postings to secondary cost accounts are permitted

D.

Which account type are allowed for postings

E.

Whether negative posting are permitted

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Question # 22

What do you define when configuring asset classes?

Note: There are 3 correct answers to this questions.

A.

Transaction types

B.

Number ranges

C.

Screen layout rule

D.

Posting keys

E.

Account determination

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Question # 23

Your SAP S4/HANA system is integrated with controlling, You perform cost-of-sales accounting and you profit and loss per profit center.

When posting a supplier invoice to a primary cost account, wich field is mandatory by standard procedures?

A.

Functional area

B.

Segment

C.

Business area

D.

Profitability segment

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Question # 24

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.

A.

Payment terms

B.

Payment run

C.

Bank determination

D.

Paying company codes

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