SAP SAP Certified Application Associate C_TS4FI_2021 Questions & Answers

• Question 21:

  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

  Correct Answer: D

• Question 22:

  Which of the following are valid settlement receives, when you perform settlement for an asset under construction, on a line item basis?

  Note: There are 2 correct answers to this questions.

  A. Profit center

  B. Fixed asset

  C. Cost center

  D. Functional area

  Correct Answer: BC

• Question 23:

  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

  Correct Answer: AC

• Question 24:

  You want to post journal entries in a special period.

  Which conditions must be met?

  Note: There are 2 correct answers to this questions.

  A. You must enter a posting date in the last posting period

  B. The balance carry-forward to the new fiscal year must have happened

  C. The special period must be open for posting in the period control

  D. The last posting period must be open for posting in the period control

  Correct Answer: AC

• Question 25:

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

  Note: There are 3 correct answers to this questions.

  A. Code line

  B. Configuration options

  C. Data model

  D. User experience

  E. Upgrade intervals

  Correct Answer: ACD

• Question 26:

  How does SAP S4/HANA support the treatment of taxes?

  Note: There are 3 correct answers to this questions.

  A. It checks the tax amount entered and automatically calculates the tax

  B. It post the tax amount to tax accounts

  C. It checks the tax codes and automatically updates the taxes based on changes by tax authorities

  D. It adjust the tax codes and automatically updates the procedure

  E. It performs tax adjustments for cash discounts and other forms of deductions

  Correct Answer: ABE

• Question 27:

  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.

  A. Company code currency

  B. Document currency

  C. Controlling area currency

  D. Group currency

  Correct Answer: AC

• Question 28:

  Which date is used to determine the depreciation star date?

  A. Baseline date

  B. Acquisition date

  C. Posting date

  D. Asset value date

  Correct Answer: D

• Question 29:

  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

  Correct Answer: AB

• Question 30:

  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. Alternative reconciliation G/L account

  B. Individual supplier accounts with special G/L indicator

  C. Supplier reconciliation G/L account

  D. Adjustment G/L account for foreign currency

  Correct Answer: D