SAP C_TS4FI_2021 Questions and Answers Guarantee you Oass the Test Easily [Q34-Q58] : Exam for engine : http://blog.test4engine.com

Q34. “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?”

Business Area

Consolidation Unit

Company

Company Code

Q35. Asset Accounting
“In your SAP S/4HANA system, you report financial values for three separate accounting principles. You post an acquisition for an asset that is capitalize in a single accounting priciple.
If you use the application to post integrated asset acquisitions, how many documents will the system post?”

Q36. Besides using the profit center, which options does General Ledger Accounting with document splitting provide to assign a segment to the posting line? Note: There are 2 correct answers to this question.

Standard account assignment using constants

Configuration of the derivation logic with derivation sequence and steps

BAdl implementation (FAGL_DERIVE_SEGMENT)

Definition of validation rules

Q37. “Organizational Assignments and Process Integration “
What is the recommended organizational unit for cost of sales accounting?

Profitability Segment

Controlling area

Functional Area

Profit center

Q38. General Ledger Accounting
“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 question”

Condition type

Tax category

Tax code

Sequence of steps

Account key

Q39. Asset Accounting
“You are creating an asset master record by copying another asset, and you notice that the inventory number is copied over. Whih setting do you make on the screen layout maintenance page to ensure the inventory number is NOT copies over when you create new asset master vai copy?”

Remove the main asset indicator

Remove the reference indicator

Remove the asset class indicator

Remove the subnumber indicator

Q40. You are configuring asset-related postings of depreciation areas in Asset Accounting. Which of the following settings is “NOT” permitted?

Area does not post

Area posts depreciation only

Area posts in real time

Area posts revaluation only

Q41. Asset Accounting
“You are responsible for implementing Asset Accounting. You are provided with the legacy data of various assets and their grouping information based on classifications, useful life, and depreciation terms.
What configuration step would you initiate to maintain these categories in SAP S/4HANA?”

Define asset classes and maintain their attributes

Configure depreciation keys and calculation keys

Define depreciation areas for each category of legacy asset

Define a depreciation area to transfer all the legacy data

Q42. General Ledger Accounting
How does the system perform the normal reversal of a journal entry?

It creates an inverse posting by resetting the transaction figures

It creates an inverse posting by decreasing the transaction figures

creates an inverse posting by increasing the transaction figures

It creates the inverse posting of a cleared document before resetting it

Q43. Accounts Payable and Accounts Receivable
You want to edit a dunning proposal. Which actions can you perform to edit a dunning proposal? (3 correct answers)

Raise the dunning level of an account

Lower the dunning level of an item

Block a line item

Block an account

Change a document

Q44. Which requirements do you need to fulfill to use data aging for Finance in the SAP S/4HANA system?
Note:There are 2 correct answers to this question.

Define the logical file path as a global path for data aging

Add required authorizations for data aging to your role

Archive transactional data no longer legally required

Switch on the data aging business function.

Q45. After you collect data in the Inter company Reconciliation tool,what are the next steps of the reconciliation process?

* Post the correct on documents
* Store the data.
* Present reconciled and non-reconciled data
* Communicate differences

* Store the data.
* Present reconciled and non-reconciled data
* Post the correct on documents
* Communicate differences.

* Present reconciled and non-reconciled data
* Post the correct on documents
* Store the data.
* Communicate differences.

* Store the data.
* Present reconciled and non-reconciled data
* Communicate differences.
* Post the correction documents.

Q46. Accounts Payable & Accounts Receivable
“Which documents are needed to complete the 3-way match in procurement transactions?
Note: There are 3 correct answers to this question”

Invoice Receipt

Goodes Receipt

Down payment request

Purchase Requisition

Purchase Order

Q47. Asset Accounting.
“You are starting the fiscal year-end process in Asset Accounting in SAP S/4 HANA.
What are the year-end closing program checks for Asset Accounting?
Note: There are 2 correct answers to this question”

Depreciation is posted in full for all assets

Posting periods are closed for asset G/L accounts

The fixed asset fiscal year change is complete

Asset master data is complete and without errors

Q48. Overview and Deployment of SAP S/4HANA
“You are a group cash manager interested in the North American business market.
What are the personalization options available to you in SAP Fiori?
Note: There are 2 correct answers to this question”

You can create a tile group with all the apps required for you daily business for easy access

You can create a tile to take you directly to the cash position of the North American business market

You can manage user access to relevant apps for the North American accounts payable group that reports to you

You can adapt the launchpad color theme according to predefined values for the cash report

Q49. “Organizational Assignments and Process Integration “
“Which of the following statements are valid for financial document number ranges?
Note: There are 3 correct answers to this question”

Financial document number ranges are defined at company code level

The same financial document number range can be assigned to several document types

Financial document number ranges defined at client level should NOT overlap

All financial document number ranges can contain numbers and/or letters

Financial document number ranges must be defined for the year in which they are used

Q50. Accounts Payable & Accounts Receivable
“What you can control with the reason code in Accounts Receivable?
Note: There are 3 correct answers to this question.”

The special G/L indicator for the down payment

The type of payment notice sent to customer.

The exclusing of disputed residual items from credit limit checks.

The document type of the payment.

The account where a residual item is posted.

Q51. Financial Closing
“You want to post journal entries in a special period.
Which conditions must be met?
Note: There are 2 correct answer to this question.”

The last posting period must be open for posting in the period control.

The balance carry-forward to the new fiscal year must have taken control.

You must enter a posting date in the last posting period.

The special period must be open for posting in the period control.

Q52. Overview and Deployment of SAP S/4HANA
“What are some features of SAP HANA?
Note: There are 2 correct answers to this question.”

SAP HANA is optimized to work with aggregates and index tables.

SAP HANA is built on a hierarchical data model architecture.

SAP HANA is optimized to organize data using column stores.

SAP HANA allows transactional and analytical processing from the same tables.

Q53. Financial Closing
“Which statements best describe extension ledgers in SAP S/4HANA?
Note: There are 2 correct answers to this question.”

Extension ledger can be assigned their own fiscal year variant.

Extension ledgers can have different currencies than the underlying.

Multiple extension ledgers can point to the same underlying ledger.

Extension ledgers can be assigned their own posting period variant.

Q54. Financial Closing
“You perform foreign currency valuation for open items of your supplier accounts. The valuations will be used only for period end reporting and should then be reversed.
What account does the system use to post the valuation differences?”

Alternative reconciliation G/L account

Adjustment G/L account for foreign currency

Individual supplier accounts with special G/L indicator

Supplier reconciliation G/L account

Q55. Financial Closing
After you collected data in the Intercompany Reconciliation tool, what are the next steps of the reconciliation process?

1. Present reconciled and non-reconciled data
2. Post the correction documents
3. Store the data
4. Communicate difference

1. Store the data
2. Present reconciled and non-reconciled data
3. Post the correction documents
4. Communicate difference

1. Post the correction documents
2. Store the data
3. Present reconciled and non-reconciled data
4. Communicate difference

1. Store the data
2. Present reconciled and non-reconciled data
3. Communicate difference
4. Post the correction documents

Q56. 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”

When an account is set up as a reconciliation account

When an account has a zero balance

When an account is set up as balance sheet account

When an account is set up as a secondary cost element

Q57. Financial Closing
What is the order of configuration within SAP Financial Closing Cockpit?

Create template, create task list, create tasks, define dependencies, release task list

Create task list, release task list, define dependencies, create template, create tasks

Create template, create tasks, define depedencies, create task list, release task list

Define dependencies, create template, create tasks, create task list, release task list

Q58. What are the maintenance levels of a screen layout rule for asset master data? Note:There are 3 correct answers to this question

Main asset number

Asset sub number

Group asset

Depreciation area

Asset class