SAP C_TS4FI_2021 Online Practice Questions and Exam Preparation

SAP C_TS4FI_2021 Online Questions & Answers

• Question 1:

  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
  D. Ledger balances must be carried forward

• Question 2:

  To use the SAP Financial Closing cockpit, which steps are required? Note: There are 3 correct answers to this questions.

  A. Create task groups.
  B. Define the person responsible for tasks.
  C. Create a template.
  D. Define the task dependencies.
  E. Release the task dependencies.
  C. Create a template.
  D. Define the task dependencies.
  E. Release the task dependencies.

• Question 3:

  How does the system perform the normal reversal of a journal entry?

  A. It creates an inverse posting by resenting the transaction figures for cleared documents.
  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.
  B. It creates an inverse posting by increasing the transaction figures.

• Question 4:

  On which levels can you maintain field status controls for business partners (BP)?

  Note: There are 2 correct answers to this questions.

  A. Company code
  B. BP role
  C. BP type
  D. BP category
  B. BP role
  C. BP type

• Question 5:

  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
  B. The posting period variant must be created and assigned
  C. Number range and document types must be maintained

• Question 6:

  What does the document splitting funtion do?

  Note: There are 2 correct answers to this questions.

  A. It enriches all relevant balance sheet account lines with the defined splitting characteristics.
  B. It ensure that you can create complete financial reports per profit center if it is required by the business.
  C. It enable the automatic creation of additional posting documents for each defined splitting characteristics.
  D. It enriches all customer and vendor line items with the defined splitting characteristics in the relevant subledgers.
  A. It enriches all relevant balance sheet account lines with the defined splitting characteristics.
  D. It enriches all customer and vendor line items with the defined splitting characteristics in the relevant subledgers.

• Question 7:

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

  Note: There are 2 correct answers to this questions.

  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
  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 8:

  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
  B. For any G/L account defined as a reconciliation account

• Question 9:

  Which of the following statement best describes how customer down payments are integrated with Sales and Distribution (SD)

  A. A dowm payment request is created as an SD sales order, which is automatically posted in FI as a noted item.
  B. A dowm payment request is created as a SD billing document, which is automatically posted in FI as a noted item.
  C. A dowm payment request is created as an FI noted item, which automatically generates an SD billing document.
  D. A dowm payment request is created as an FI noted item, which automatically generates an SD sales order.
  B. A dowm payment request is created as a SD billing document, which is automatically posted in FI as a noted item.

• Question 10:

  In your SAP S4/HANA system, you report financial values for two separate accounting principles. You post an acquisition for an asset that is capitalized in a single accounting principle. If you use the application to post integrated asset acquisitions, how many documents will the system post?

  A. 2
  B. 4
  C. 3
  D. 1
  A. 2