SAP SAP Certified Application Associate C_TS4FI_2021 Questions & Answers

• Question 61:

  Which closing activities are performed for external reporting as per SAP best practices?

  Note: There are 3 correct answers to this questions.

  A. Run plan assessment cycles for profit center

  B. Perform flat rate value adjustment for receivables

  C. Preform valuations of open items in foreign currency

  D. Perform a top-down distribution in margin analysis

  E. Regroup receivables and payables on the balance sheet

  Correct Answer: BCE

• Question 62:

  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.

  Correct Answer: B

• Question 63:

  Besides using the profit center, which options does General Ledger Accounting with document splitting provide to assign a segment to the posting lines?

  Note: There are 2 correct answers to this questions.

  A. BADI implementation (FAGL_DERIVE_SEGMENT)

  B. Definition of validation rules

  C. Standard account assignment, using constants

  D. Assignment of default segments to G/L accounts

  Correct Answer: AD

• Question 64:

  You want to configure the tax calculation procedures.

  What are the main elements you need to define?

  Note: There are 3 correct answers to this questions.

  A. Sequence of steps \/ Q Account Key

  B. Condition type

  C. Tax category

  D. Tax code

  Correct Answer: ABC

• Question 65:

  Which fields of a financial accounting document influence the automatic payment program?

  Note: There are 3 correct answers to this questions.

  A. Payment method

  B. Payment transaction

  C. Payment type

  D. Term of payment

  E. Baseline date

  Correct Answer: ABD

• Question 66:

  What dunning-related data do you maintain on the business partner master record?

  Note: There are 2 correct answers to this questions.

  A. Dunning block

  B. Dunning key

  C. Dunning interval

  D. Dunning area

  Correct Answer: AD

• Question 67:

  Which elements define the integration of asset acquisitions with the general ledger?

  Note: There are 2 correct answers to this questions.

  A. Valuation Area

  B. Depreciation Area

  C. Asset Class

  D. Depreciation Keys

  Correct Answer: BC

• Question 68:

  Which statements best describe a profit center?

  Note: There are 2 correct answers to this questions.

  A. It is an object for which separate balance sheet and PandL statements can be created, whether segments are being maintained or not.

  B. It is the only object from which segments can be uniformly derived.

  C. It is an object for which separate balance sheet and PandL statements are ,created only when used in conjunction segments.

  D. It is the only object that can be uniformly derived using segments.

  Correct Answer: AB

• Question 69:

  What difference between the ledger approach and the accounts approach to parallel valuation in Asset Accounting?

  A. Unlike the ledger approach in the accounts approach, you assign a separate set of accounts for each accounting principle

  B. Unlike the ledger approach in the accounts approach, you maintain additional depreciation areas to post the delta valuation of each accounting principle

  C. Unlike the ledger approach in the accounts approach, you define a technical clearing account for integrated asset ^ acquisitions

  D. Unlike the ledger approach in the accounts approach, you assign a ledger group to every depreciation area

  Correct Answer: A

• Question 70:

  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

  Correct Answer: CD