VALID C_TS4FI_2021 Exam Dumps For Certification Exam Preparation [Q34-Q58]

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VALID C_TS4FI_2021 Exam Dumps For Certification Exam Preparation

C_TS4FI_2021 Dumps PDF 2023 Strategy Your Preparation Efficiently

NO.34 To use the SAP Financial Closing cockpit, which steps are required? Note: There are 3 correct answers to this question.

Release task list

Define person responsible for tasks

Define task dependencies

Create task groups

Create template

NO.35 You ‘d like to set up low values asset (LVA) management.
What do you need to do?

Define two separate asset classes to manage LVA using individual or collective management

Specify the minimum amount for LVA at three levels: company code, depreciation area and asset class

Specify the minimum amount for LVA at two levels: company code and chart of depreciation

Define a base unit for measure for LVA in individual management

NO.36 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.

Maintain exchange rates daily.

Set up the relationship between currencies using translation ratios.

Specify the company code currency as the base currency.

Specify a purpose for the exchange rate type.

NO.37 What does the document type control?
Note: There are 3 correct answers to this questions.

Whether postings to special periods are permitted

Which posting keys are allowed for postings

whether postings to secondary cost accounts are permitted

Which account type are allowed for postings

Whether negative posting are permitted

NO.38 You must run the foreign currency valuation for both US GAAP and IFRS. which leads to different values for the two different accounting principles.
How can you set this up in the system?

Define two valuation methods and assign the ledger groups to the new valuation methods

Define two valuation area and assign and two extension ledgers with relevant links to accounting principles

Define two valuation methods and assign the accounting principles to the new valuation methods

Define two valuation area and assign and two accounting principles with relevant links to ledgers

NO.39 What dunning-related data do you maintain on the business partner master record?
Note: There are 2 correct answers to this questions.

Dunning block

Dunning key

Dunning interval

Dunning area

NO.40 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?

Functional area

Segment

Business area

Profitability segment

NO.41 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?”

NO.42 Accounts Payable & Accounts Receivable
Which parameter indicates that a line item can only be dunned with restrictions?

Group key

Dunning block reason

Dunning key

Dunning area

NO.43 which characteristics maps the business partner to the customer and supplier account groups?

Business partner grouping

Business partner view

Business partner account group

Business partner role

NO.44 Financial Closing
What is the purpose of period interval 3 when you define open and closed periods?

Posting from CO to FI

posting to special putpose ledge

Posting to the extension ledge

Posting to special periods

NO.45 Financial Closing
“What are the features of the Accrual Engine in SAP S/4HANA?
Note: There are 2 correct answers to this question”

The fiscal year variant of the general ledger is supported

All accrual calculations must be reviewed and approved before posting

All currencies of the general ledger are supported

Accrual postings with a maximum of two line items are supported

NO.46 You are responsible for configuring document splitting.
What are some of the key settings?
Note: There are 2 correct answers to this questions.

Business transaction variant

Document type

Field status variant

Document number range

NO.47 What is the recommended organizational unit for cost of sales accounting?

Segment

Controlling area

Profit center

Functional area

NO.48 You want to configure the default baseline data for the payment terms of an incoming invoice.
From which date can you derive the baseline date?
Note: There are 3 correct answers to this questions.

Posting date

Document date

Value date

Entry date

Goods receipt date

NO.49 Which statement best describe extension ledgers in SAP S/4HANA?
Note: There are 2 correct answers to this questions.

Multiple extension ledgers can point to the same underlying ledger

Extension ledgers can be assigned their own fiscal year variant

Extension ledgers can be assigned their own posting period variant

Extension ledgers can have different currencies than the underlying ledger

NO.50 General Ledger Accounting
“Which statements best describe a profit center?
Note: There are 2 correct answers to this question.”

It is an object for which separate balance sheet and P&L statements can be created, independently from segments being maintain or not.

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

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

It is an object for which separate balance sheet and P&L statements can be created only when used in conjunction with segment.

NO.51 Accounts Payable & Accounts Receivable
“You want to configure the default baseline date for the payment terms of an incoming invoice.
From which date can you derive the baseline date?
Note: There are 3 correct answers to this question.”

Entry date

Document date

Goods receipt date

Posting date

Value date

NO.52 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

NO.53 “Organizational Assignments and Process Integration “
“In your SAP S/4HANA system, you want to archive the G/L account that are not ised by the business in any company code.
What are prerequisities to archiving all data of a G/L account?
Note: There are 3 correct answers to this question”

The blocked for posting indicator is set fot the G/L account.

Set the deletion flag in the chart of accounts data of the G/L account.

Transaction figured are older than a customizable amount of years.

There are no transaction figures for the account.

Set the deletion flag in the company code data of the G/L account.

NO.54 When can you set the open item management indicator in a general ledger account? Note: There are 2 correct answers to this question.

When an account is used as a reconciliation account

When an account has a zero balance

When an account is set up as a cost element

When an account is required for clearing

NO.55 “Organizational Assignments and Process Integration “
“What does the document type control?
Note: There are 2 correct answers to this question.”

Which account types are allowed for postings

Whether text is required on line item level

Whether negative postings are permitted

Which posting keys are allowed for postings

NO.56 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

NO.57 Financial Closing
“You post a purchase order
For which expenses does the system calculate accruals?
Note: There are 2 correct answers to this question”

Consulting services

Raw material purchases

Fixed Asset purchases

Insurance premiums

NO.58 Asset Accounting
“What are the maintenace levels of a screen layout rule for asset master data?
Note: There are 3 correct answers to this question.”

Depreciation area

Asset subnumber

Main asset number

Group asset

Asset class