SAP SAP Certified Application Associate C_TS4FI_2021 Questions & Answers

• Question 31:

  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 must use internal number assignment

  C. You can use internal or external number assignment, but only if it is continuous

  D. You can use internal or external number assignment

  Correct Answer: A

• Question 32:

  You are responsible for implementing Asset Accounting. You are provided with the legacy data of various assets and their grouping information based on classifications, useful life, and depreciation terms.

  What configuration step would you initiate to maintain these categories in SAP S/4HANA?

  A. Define depreciation areas for each category of legacy asset.

  B. Define depreciation areas to transfer all the legacy data.

  C. Define asset classes and maintain their attributes.

  D. Define depreciation keys and calculation keys.

  Correct Answer: C

• Question 33:

  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

  Correct Answer: C

• Question 34:

  What area the maintenance levels of a screen layout rule for asset master data?

  Note: There are 3 correct answers to this questions.

  A. Group asset

  B. Asset class

  C. Asset subnumber

  D. Main asset number

  E. Depreciation area

  Correct Answer: BCD

• Question 35:

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

  A. Segment

  B. Controlling area

  C. Profit center

  D. Functional area

  Correct Answer: D

• Question 36:

  What can you control with the reason code in Accounts Receivable?

  Note: There are 3 correct answers to this questions.

  A. The special G/L indicator for the down payment

  B. The account where a residual item is posted

  C. The exclusion of disputed residual items from credit limit checks

  D. The type of payment notice sent to a customer

  E. The document type of the payment

  Correct Answer: BCD

• Question 37:

  You are a group cash manager interested in the North American business market

  What ate the personalization options available to you in SAP Fiori?

  Note: There are 2 correct answers to this questions.

  A. You can manage user access to relevant apps for your team without help from an administrator

  B. You can adapt the launchpad color theme according to predefined values for the cash report

  C. You can create a title to take you directly to the cash position of the North America business market

  D. You can create a title group with all the apps required for you daily business for easy access

  Correct Answer: AC

• Question 38:

  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.

  Correct Answer: CDE

• Question 39:

  Which parameter indicates that a line can be dunned only with restrictions?

  A. Dunning grouping

  B. Dunning Key

  C. Dunning block reason

  D. Dunning area

  Correct Answer: B

• Question 40:

  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.

  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.

  Correct Answer: AC