C_TS4FI_2021

Asset Accounting "Which of the following should you consider when defining asset number ranges? Note: There are 2 correct answers to this question."A . Each asset class can have either an internal or external number range.B . Asset number range are defined at chart of depreciation level.C . Asset number...

"Organizational Assignments and Process Integration " "You are running an international business and you want to separate legal entities to run operations and perform accounting activities. Which organizatinal unit do you need to create for each legal entity?"A . Business AreaB . Consolidation UnitC . CompanyD . Company CodeView AnswerAnswer:...

Accounts Payable & Accounts Receivable Which business partner characteristic is mapped to the customer and supplier account groups?A . Business partner typeB . Business partner account groupC . Business partner groupingD . Business partner roleView AnswerAnswer: B

Accounts Payable & Accounts Receivable "Which parameters can you specify directly when you create a new correspondence type? Note: There are 3 correct answers to this question."A . Account requiredB . Document number requiredC . Reason code requiredD . Number of date fields requiredE . Company code requiredView AnswerAnswer: A,B,D

General Ledger Accounting "Which prerequisites must be fulfilled to allow fot negative posting of journal entry? Note: There are 2 correct answers to this question"A . The posting key must allow nagative postings.B . The company code must allow negative postings.C . The reversal acccount must be configured to allow...

Financial Closing "You must run the foreign currency valuation for both US GAAP and IFRS, which leads to different value for the 2 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 method.B...

Asset Accounting "What do you define when configuring asset classes? Note: There are 3 correct answers to thia question."A . Account determinationB . Number rangesC . Screen layout rulesD . Transaction typesE . Posting keysView AnswerAnswer: A,B,C

Which of the following is a technical year-end closing activity in SAP S/4HANA?A . Profit center carry-forward must be posted.B . Foreign currency valuation must be posted.C . Balance sheet adjustments must be posted.D . Ledger balances must be carried forwardView AnswerAnswer: A

To use the SAP Financial Closing cockpit, which steps are required? Note: There are 3 correct answers to this question.A . Release task listB . Define person responsible for tasksC . Define task dependenciesD . Create task groupsE . Create templateView AnswerAnswer: C,D,E

General Ledger Accounting "When is it possible to set the open item management indicator in a general ledger account Note: There are 2 correct answers to this question"A . When an account is set up as a reconciliation accountB . When an account has a zero balanceC . When an...