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SAP C_TS4FI_2021 SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021) Exam Practice Test

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Total 80 questions
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SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021) Questions and Answers

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Question 1

Which of the following statement best describe a noted item?

Note: There are 2 correct answers to this questions.

Options:

A.

It has an automatic statistical offsetting entry

B.

It updates the subledger and the general ledger

C.

It can be used to remind the user about due payments

D.

It can be accessed by the payment program

Question 2

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.

Options:

A.

Asset master data is complete and without errors.

B.

Posting periods are closed for asset G/L accounts.

C.

Depreciation is posted in full for all assets.

D.

The fixed asset fiscal year change is complete.

Question 3

You assign currency type 40 to your company code in ledger 0L

Which source currency types can you select?

Note: There are 2 correct answers to this questions.

Options:

A.

Company code currency

B.

Document currency

C.

Controlling area currency

D.

Group currency

Question 4

What is shared between all deployment options for SAP S/4HANA (Cloud, On-Premise)

Note: There are 3 correct answers to this questions.

Options:

A.

Code line

B.

Configuration options

C.

Data model

D.

User experience

E.

Upgrade intervals

Question 5

Which closing activities are performed for external reporting as per SAP best practices?

Note: There are 3 correct answers to this questions.

Options:

A.

Run plan assessment cycles for profit center

B.

Perform flat rate value adjustment for receivables

C.

Preform valuations of open items in foreign currency

D.

Perform a top-down distribution in margin analysis

E.

Regroup receivables and payables on the balance sheet

Question 6

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?

Options:

A.

Functional area

B.

Segment

C.

Business area

D.

Profitability segment

Question 7

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

Options:

A.

Segment

B.

Controlling area

C.

Profit center

D.

Functional area

Question 8

Which of the following should you consider when defining asset number range?

Note: There are 2 correct answers to this questions.

Options:

A.

Each asset number range must be assigned to unique asset class

B.

Asset number ranges are defined at chat of depreciation level

C.

Asset number ranges are defined for asset classes and are company code specific

D.

Each asset class can be have either an internal or external number range

Question 9

What archiving step must precede archiving a supplier invoice posted directly to FI?

Options:

A.

Archive accounts payables master data

B.

Archive data in CO

C.

Archive FI transaction figures

D.

Perform compression run

Question 10

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.

Options:

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

Question 11

Which steps are required to create a substitution in Financial Accounting?

Note: There are 3 correct answers to this questions.

Options:

A.

Select the correct call-up point.

B.

Specify an authorization group.

C.

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

D.

Assign the substitution rule to the controlling area.

E.

Select Activation Level 2.

Question 12

You are configuring asset-related posting of depreciation areas in Asset Accounting for a company code that uses the ledger approach to parallel valuation.

Which of the following setting would lead to an error?

Options:

A.

Area posts depreciation only

B.

Area posts APC immediately, depreciation periodically

C.

Area posts in real time

D.

Area posts not post

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