SAP SAP Certified Application Associate C_TS4FI_2021 Questions & Answers

• Question 41:

  How does an automatic intercompany asset transfer work?

  A. It assumes that the transfer happens between two independent legal entities

  B. It determines the relationship type automatically, using the company code

  C. determines the relationship type automatically, using the company ID

  D. It does NOT allow a transfer to happen within a single legal entity

  Correct Answer: A

• Question 42:

  When is it possible to set the open item management indicator in a general ledger account?

  Note: There are 2 correct answers to this questions.

  A. When an a account is set up as a balance sheet account

  B. When an a account has a zero balance

  C. When an a account is set up as a reconciliation account

  D. When an a account is set up as a secondary cost element

  Correct Answer: AC

• Question 43:

  A general ledger account is defined with the account type "Nonoperating Expense or Income"

  Where can this account be used?

  A. Profit and loss account that is used in margin analysis

  B. Profit and loss account that is used in margin analysis and profit center accounting

  C. Profit and loss account that is used in overhead management accounting

  D. Profit and loss account that is used in profit center accounting

  Correct Answer: C

• Question 44:

  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.

  Correct Answer: CDE

• Question 45:

  You want to create a substitution in Financial Accounting.

  Which parts do you have to define for each step of the substitution?

  Note: There are 2 correct answers to this questions.

  A. Substitution values

  B. Check statement

  C. Callup point

  D. Prerequisite statement

  Correct Answer: AD

• Question 46:

  For which special G/L indicator do you specify a target special G/L indicator?

  A. Bill of exchange

  B. Vendor down-payment request

  C. Customer down-payment

  D. Guarantee given

  Correct Answer: B

• Question 47:

  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 use document splitting for the General Ledger.

  C. You want to integrate the system with SAP Business Technology Platform.

  D. You want to clean up your system and use SAP Best Practices.

  Correct Answer: AD

• Question 48:

  What area of the benefits of how data handled in SAP S/4HANA?

  Note: There are 2 correct answers to this questions.

  A. The data is aggregated in real time from any line item table.

  B. The data is constantly auto-archived to optimize memory usage.

  C. The data is available in real time at line item detail.

  D. The data is summarized into higher levels of aggregates to accelerate system performance.

  Correct Answer: AC

• Question 49:

  What items are NOT cleared by automatic clearing program?

  Note: There are 3 correct answers to this questions.

  A. Items with- sales and use tax

  B. Statistical postings

  C. Items with withholding tax

  D. Noted items

  E. Items with value-added tax

  Correct Answer: BCD

• Question 50:

  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

  Correct Answer: B