[Dec-2023] The SAP C-TS4FI-2021 Exam Test For Brief Preparation
Revolutionary Guide To Exam SAP Dumps
NEW QUESTION # 35
General Ledger Accounting
"What items are NOT cleared by the automatic clearing program?
Note: There are 3 correct answers to this question."
- A. Noted items
- B. Items with sales and use tax
- C. Items with value-added tax
- D. Items with withholding tax
- E. Statistical postings
Answer: B,D,E
NEW QUESTION # 36
General Ledger Accounting
"A general ledger account has a foreign currency setting of CAD. The company code currency is USD. The controlling area currency is EUR.
Which currencies can you post to this account?"
- A. You can post to the account in any currency and it will be converted into CAD.
- B. You can only post to the account in CAD, USD, and EUR.
- C. You can only post to the account in CAD.
- D. You can only post to the account in CAD and USD.
Answer: C
NEW QUESTION # 37
"Organizational Assignments and Process Integration "
"Which of the following statements are valid for financial document number ranges?
Note: There are 3 correct answers to this question"
- A. Financial document number ranges are defined at company code level
- B. Financial document number ranges defined at client level should NOT overlap
- C. The same financial document number range can be assigned to several document types
- D. All financial document number ranges can contain numbers and/or letters
- E. Financial document number ranges must be defined for the year in which they are used
Answer: A,C,D
NEW QUESTION # 38
Which parameters can you specify directly when you create a new correspondence type?
Note: There are 3 correct answers to this questions.
- A. Company code required
- B. Number of date fields requied
- C. Document number required
- D. Reason code required
- E. Account required
Answer: A,B,E
NEW QUESTION # 39
Financial Closing
After you collected data in the Intercompany Reconciliation tool, what are the next steps of the reconciliation process?
- A. 1. Post the correction documents
2. Store the data
3. Present reconciled and non-reconciled data
4. Communicate difference - B. 1. Store the data
2. Present reconciled and non-reconciled data
3. Communicate difference
4. Post the correction documents - C. 1. Present reconciled and non-reconciled data
2. Post the correction documents
3. Store the data
4. Communicate difference - D. 1. Store the data
2. Present reconciled and non-reconciled data
3. Post the correction documents
4. Communicate difference
Answer: B
NEW QUESTION # 40
Asset Accounting
"What do you define when configuring asset classes?
Note: There are 3 correct answers to thia question."
- A. Posting keys
- B. Transaction types
- C. Number ranges
- D. Account determination
- E. Screen layout rules
Answer: C,D,E
NEW QUESTION # 41
Accounts Payable and Accounts Receivable
What dunning -related data do you maintain on the business partner master record? (3 correct answers)
- A. Dunning area
- B. Dunning block
- C. Dunning Key
- D. Dunning interval
- E. Dunning procedure
Answer: B,C,E
NEW QUESTION # 42
How does the system perform the normal reversal of a journal entry?
- A. It creates an inverse posting by resenting the transaction figures.
- B. It creates an inverse posting by increasing the transaction figures.
- C. It creates an inverse posting by decreasing the transaction figures.
- D. It creates an inverse posting by resenting the transaction figures for cleared documents.
Answer: B
NEW QUESTION # 43
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 two levels: company code and chart of depreciation
- C. Define a base unit for measure for LVA in individual management
- D. Specify the minimum amount for LVA at three levels: company code, depreciation area and asset class
Answer: D
NEW QUESTION # 44
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. Depreciation area
- B. Asset subnumber
- C. Asset class
- D. Main asset number
- E. Group asset
Answer: B,C,D
NEW QUESTION # 45
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 clean up your system and use SAP Best Practices.
- C. You want to integrate the system with SAP Business Technology Platform.
- D. You want to use document splitting for the General Ledger.
Answer: A,B
NEW QUESTION # 46
Accounts Payable and Accounts Receivable
What dunning -related data do you maintain on the business partner master record? (3 correct answers)
- A. Dunning Key
- B. Dunning block
- C. Dunning procedure
- D. Dunning area
- E. Dunning interval
Answer: B,D
NEW QUESTION # 47
What can you control with the reason code in Accounts Receivable?
Note: There are 3 correct answers to this questions.
- A. The type of payment notice sent to a customer
- B. The account where a residual item is posted
- C. The document type of the payment
- D. The exclusion of disputed residual items from credit limit checks
- E. The special G/L indicator for the down payment
Answer: A,B,D
NEW QUESTION # 48
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. Standard account assignment using constants
- B. Badi implementation (FAGL_DERIVE_SEGMENT)
- C. Definition of validation rules
- D. Assignment of default segments to G/L accounts
Answer: B,C
NEW QUESTION # 49
You are responsible for configuring document splitting.
What are some of the key settings?
Note: There are 2 correct answers to this questions.
- A. Field status variant
- B. Document type
- C. Business transaction variant
- D. Document number range
Answer: B,C
NEW QUESTION # 50
General Ledger Accounting
"Which prerequisites must be fulfilled to allow fot negative posting of journal entry?
Note: There are 2 correct answers to this question"
- A. The reversal acccount must be configured to allow nagative postings.
- B. The reversal reason must be configured to allow nagative postings.
- C. The posting key must allow nagative postings.
- D. The company code must allow negative postings.
Answer: B,D
NEW QUESTION # 51
How do you configure depreciation areas in SAP S4/HANA?
Note: There are 2 correct answers to this questions.
- A. Assign depreciation area 01 to the leading ledger
- B. Ensure a ledger group is assigned to each accounting principle
- C. Ensure all depreciation areas always post to the general ledger
- D. Assign each accounting principle to a depreciation area
Answer: C,D
NEW QUESTION # 52
General Ledger Accounting
"What do you need to do to configure a new exchange rate type in SAP S/4HANA?
Note: There are 2 correct answers to this question."
- A. Maintain exchange rates daily
- B. Set up the relationship between currencies using translation ratios
- C. Specify a purpose for the exhange rate type
- D. Specify the company code currency as the base currency
Answer: A,B
NEW QUESTION # 53
Which prerequisites must be fulfilled to allow for negative posting of journal entries?
Note: There are 2 correct answers to this questions.
- A. The reversal accounts must be configured to allow negative postings
- B. The company code must allow negative postings
- C. The reversal reason must be configured to allow negative postings
- D. The posting key must allow negative postings
Answer: B,C
NEW QUESTION # 54
To use the SAP Financial Closing cockpit, which steps are required? Note: There are 3 correct answers to this question.
- A. Create task groups
- B. Define person responsible for tasks
- C. Define task dependencies
- D. Release task list
- E. Create template
Answer: A,C,E
NEW QUESTION # 55
You need to post customer invoice though an interface with a non-SAP system. You want to define a new document type with a specific document number range that matches the document numbers of the source system.
How do you define the document number range
- A. You must use external number assignment
- B. You can use internal or external number assignment, but only if it is continuous
- C. You can use internal or external number assignment
- D. You must use internal number assignment
Answer: A
NEW QUESTION # 56
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