SAP SAP Certified Application Associate C_TS4FI_2021 Questions & Answers

• Question 71:

  Which information is part of the Bank Master Data?

  Note: There are 2 correct answers to this questions.

  A. Data Medium Exchange (DME) details

  B. Control data

  C. Information for electronic payment transactions

  D. Address details

  Correct Answer: BD

• Question 72:

  Which of the following statement best describe a noted item?

  Note: There are 2 correct answers to this questions.

  A. It has an automatic statistical offsetting entry

  B. It updates the subledger and the general ledger

  C. It can be used to remind the user about due payments

  D. It can be accessed by the payment program

  Correct Answer: CD

• Question 73:

  How does the system determine the correspondence type of a payment notice?

  A. According to the tolerance group, as long as all tolerance groups carry the same correspondence type

  B. According to the reason code, as long as all tolerance groups carry the same correspondence type

  C. According to the reason code, as all reason codes carry the same correspondence type

  D. According to the tolerance group, as all reason codes carry the same correspondence type

  Correct Answer: B

• Question 74:

  The country that your company code operates in has defined a new VAT tax rate percentage of 15%, which will become effective at the star of the next fiscal year. You create the new VAT codes 05 and 15 to cover this requirement.

  How can you ensure that users use the new tax codes when entering tax relevant documents starting next year?

  A. Enter the new tax codes as default for users who have authorization to post general ledger transactions after balance carry forward is done

  B. Enter the appropriate new VAT code in the tax category field of the relevant expense and revenue G/L accounts after balance carry forward is done

  C. Create a substitution that changes the deprecated VAT code when relevant new one when entering documents with posting data in the new year

  D. Create a validation that issues an error when the user uses a deprecated VAT code when entering documents with posting data in the new year

  Correct Answer: D

• Question 75:

  What do you need to do to configure a new exchange rate type in SAP S/4HANA?

  Note: There are 2 correct answers to this questions.

  A. Maintain exchange rates daily.

  B. Set up the relationship between currencies using translation ratios.

  C. Specify the company code currency as the base currency.

  D. Specify a purpose for the exchange rate type.

  Correct Answer: BD

• Question 76:

  Which parameters can you specify directly when you create a new correspondence type?

  Note: There are 3 correct answers to this questions.

  A. Reason code required

  B. Company code required

  C. Number of date fields requied

  D. Document number required

  E. Account required

  Correct Answer: BCE

• Question 77:

  How do you configure depreciation areas in SAP S4/HANA?

  Note: There are 2 correct answers to this questions.

  A. Ensure a ledger group is assigned to each accounting principle

  B. Assign depreciation area 01 to the leading ledger

  C. Assign each accounting principle to a depreciation area

  D. Ensure all depreciation areas always post to the general ledger

  Correct Answer: CD

• Question 78:

  Your SAP S4/HANA system is integrated with controlling, You perform cost-of-sales accounting and you profit and loss per profit center.

  When posting a supplier invoice to a primary cost account, wich field is mandatory by standard procedures?

  A. Functional area

  B. Segment

  C. Business area

  D. Profitability segment

  Correct Answer: C

• Question 79:

  Which prerequisites must be fulfilled to allow for negative posting of journal entries?

  Note: There are 2 correct answers to this questions.

  A. The posting key must allow negative postings

  B. The company code must allow negative postings

  C. The reversal reason must be configured to allow negative postings

  D. The reversal accounts must be configured to allow negative postings

  Correct Answer: BC

• Question 80:

  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.

  Correct Answer: B