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SAP C_TS4FI_2021 SAP Certified Application Associate – SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021) Online Training

Question #1

What does the document type control? Note: There are 3 correct answers to this questions.

  • A . Whether postings to special periods are permitted
  • B . Which posting keys are allowed for postings
  • C . whether postings to secondary cost accounts are permitted
  • D . Which account type are allowed for postings
  • E . Whether negative posting are permitted

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Correct Answer: A,D,E
Question #2

What are the features of the Accrual Engine in SAP S/4HANA? Note: There are 2 correct answers to this questions.

  • A . All accrual calculations must be reviewed and approved before posting.
  • B . Accrual postings with a maximum of two line items are supported.
  • C . All currencies of the general ledger are supported.
  • D . The fiscal year variant of the general ledger is supported.

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Correct Answer: C,D
Question #3

You post a purchase order.

For which expenses does the system calculate accruals? Note: There are 2 correct answers to this questions.

  • A . Consulting Services
  • B . Insurance premiums
  • C . Fixed asset purchases
  • D . Raw material purchases

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Correct Answer: C,D
Question #4

Which field can you change on a posted invoice?

  • A . Baseline date
  • B . Tax code
  • C . Special G/L indicator
  • D . Statistical internal order

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Correct Answer: A
Question #5

You have been asked to set up house banks as part of the implementation.

What information do you need? Note: There are 3 correct answers to these questions.

  • A . Company code
  • B . Payment method
  • C . Bank master data
  • D . Bank control key
  • E . General ledger account

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Correct Answer: A,C,E
Question #6

What are some features of SAP HANA? Note: There are 2 correct answers to this questions.

  • A . SAP HANA is optimized to organize data using column stores.
  • B . SAP HANA is optimized to work with aggregates and index tables.
  • C . SAP HANA is allows transactional and analytical processing from the same tables.
  • D . SAP HANA is built on a hierarchical data model architecture.

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Correct Answer: A,C
Question #7

Which of the following statements are valid for financial document number ranges? Note: There are 3 correct answers to this questions.

  • A . The same financial document number range can be assigned to several document type
  • B . All financial document number ranges can contain numbers and/or letters
  • C . Financial document number ranges defined at client level should NOT overlap
  • D . Financial document number ranges are defined at company code level
  • E . Financial document number ranges must be defined for the year in which they are used

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Correct Answer: A,C,D
Question #8

In your SAP S4/HANA system, you report financial values for two separate accounting principles. You post an acquisition for an asset that is capitalized in a single accounting principle.

If you use the application to post integrated asset acquisitions, how many documents will the system post?

  • A . 2
  • B . 4
  • C . 3
  • D . 1

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Correct Answer: A
Question #9

You want to edit a dunning proposal.

Which actions can you perform? Note: There are 3 correct answers to this questions.

  • A . Block an account.
  • B . Raise the dunning level of an item.
  • C . Change a document.
  • D . Lower the dunning level of an item.
  • E . Block a I ine item.

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Correct Answer: A,D,E
Question #10

You are responsible for configuring document splitting.

What are some of the key settings? Note: There are 2 correct answers to this questions.

  • A . Business transaction variant
  • B . Document type
  • C . Field status variant
  • D . Document number range

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Correct Answer: A,B

Question #11

You define custom currency type Zl for your company code.

Which currency types must be stored in the Data End view? Note: There are 2 correct answers to this questions.

  • A . Global currency
  • B . Company code currency
  • C . Document currency
  • D . Custom currency type Zl

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Correct Answer: B,C
Question #12

In your system, you currently perform manual outgoing payments and you want to use the automatic payment program.

Which new settings must you maintain as part of the configuration of the automatic payment program? Note: There are 2 correct answers to this questions.

  • A . Payment terms
  • B . Payment run
  • C . Bank determination
  • D . Paying company codes

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Correct Answer: C,D
Question #13

How can you create an asset under construction? Note: There are 2 correct answers to this questions.

  • A . Automatically, when setting capex cost from an internal order
  • B . Automatically, when creating an investment measure
  • C . Automatically, when setting capex cost from a WBS element
  • D . Manually (transaction AS01), using a specific asset class

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Correct Answer: B,C
Question #14

You are getting ready to post you first simple general ledger document using the SAP Fiori app for posting in the test environment.

What configuration items do you need to set up to post a simple document? Note: There are 2 correct answers to this questions.

  • A . Line item text templates must be maintained
  • B . The posting period variant must be created and assigned
  • C . Number range and document types must be maintained
  • D . Automatic account determination must be maintained

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Correct Answer: B,C
Question #15

which characteristics maps the business partner to the customer and supplier account groups?

  • A . Business partner role
  • B . Business partner account group
  • C . Business partner grouping
  • D . Business partner view

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Correct Answer: C
Question #16

What archiving step must precede archiving a supplier invoice posted directly to FI?

  • A . Archive accounts payables master data
  • B . Archive data in CO
  • C . Archive FI transaction figures
  • D . Perform compression run

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Correct Answer: C
Question #17

Which steps are required to create a substitution in Financial Accounting? Note: There are 3 correct answers to this questions.

  • A . Select the correct call-up point.
  • B . Specify an authorization group.
  • C . Define the substitution rule with its different steps using the formula editor.
  • D . Assign the substitution rule to the controlling area.
  • E . Select Activation Level 2.

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Correct Answer: B,C,E
Question #18

What are prerequisites for the 3-way match to work in procurement transactions? Note: There are 2 correct answers to this questions.

  • A . Invoice receipt posted in reference to the purchase order
  • B . Invoice receipt posted before the goods receipt
  • C . Good receipt posted before the invoice receipt
  • D . Goods receipt posted in reference to the purchase order

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Correct Answer: A,D
Question #19

What does the document splitting funtion do? Note: There are 2 correct answers to this questions.

  • A . It enriches all relevant balance sheet account lines with the defined splitting characteristics.
  • B . It ensure that you can create complete financial reports per profit center if it is required by the business.
  • C . It enable the automatic creation of additional posting documents for each defined splitting characteristics.
  • D . It enriches all customer and vendor line items with the defined splitting characteristics in the relevant subledgers.

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Correct Answer: A,D
Question #20

You ‘d like to set up low values asset (LVA) management.

What do you need to do?

  • A . Define two separate asset classes to manage LVA using individual or collective management
  • B . Specify the minimum amount for LVA at three levels: company code, depreciation area and asset class
  • C . Specify the minimum amount for LVA at two levels: company code and chart of depreciation
  • D . Define a base unit for measure for LVA in individual management

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Correct Answer: B

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

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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

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Correct Answer: B,C
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

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Correct Answer: A,C
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

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Correct Answer: A,C
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

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Correct Answer: A,C,D
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