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C_TS4FI_2021 Free Exam Study Guide! (Updated 95 Questions)

C_TS4FI_2021 Dumps for SAP Certified Application Associate Certified Exam Questions and Answer

SAP C_TS4FI_2021 Exam Description:

PLEASE NOTE: This certification has been published for early adopters. Some recommended “ways to attain” are not yet available. – – – – – – – – – – – – – – – -The “SAP Certified Application Associate – SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021)” certification exam verifies that the candidate possesses fundamental knowledge and proven skills in the area of SAP S/4HANA Financial Accounting. It tests that the candidate has a good overall understanding within this consultant profile and can implement this knowledge practically in projects under the guidance of an experienced consultant. It is recommended as an entry-level qualification to allow consultants to get acquainted within Financial Accounting projects.

This certificate is the ideal starting point for a professional career as a Financial Accounting consultant on SAP S/4HANA. If experience in SAP implementation projects of Financial Accounting are added over years, a professional career can be validated by taking a second exam: “SAP Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Financials experts”. The certificate issued for passing this exam will be valid for 5 years.

C_TS4FI_2021 Exam Certification Details:

Duration: 180 mins
Level: Associate
Exam: 80 questions

SAP C_TS4FI_2021 Exam Syllabus Topics:

Topic Details
Topic 1
  • Create and maintain business partners, post invoices and payments
  • Financial Closing
Topic 2
  • Configure the payment program, and manage partial payments
  • Perform month and year-end closing in Financial Accounting
Topic 3
  • Create and maintain charts of depreciation and the depreciation areas
  • Clear an account and define and use a chart of accounts
Topic 4
  • Create profit and loss statements
  • Define the customizing settings for the Payment Medium Workbench
Topic 5
  • Manage Organizational Units, currencies, configure Validations and Document Types
  • Ceate profit centers and segments
Topic 6
  • Organizational Assignments and Process Integration
  • Set up valuation and depreciation, perform periodic and year-end closing processes
Topic 7
  • Configure and perform FI-AA business processes in the SAP system
  • Maintain tolerances, tax codes, and post documents with document splitting

 

Q50. General Ledger Accounting
“Besides using the profit center, which options dose General Ledger Accounting with document splitting provide to assign a segment to the posting line?
Note: there are 2 correct answers to this question.”

 
 
 
 

Q51. General Ledger Accounting
At what level is the bank master data stores in SAP S/4 HANA?

 
 
 
 

Q52. Asset Accounting
“How do you configure depreciation areas in SAP S/4 HANA?
Note: There are 2 correct answers to this question.”

 
 
 
 

Q53. General Ledger Accounting
How does the system perform the normal reversal of a journal entry?

 
 
 
 

Q54. Financial Closing
“Which statements best describe extension ledgers in SAP S/4HANA?
Note: There are 2 correct answers to this question.”

 
 
 
 

Q55. What is the purpose of period interval 3 when you define open and closed periods?

 
 
 
 

Q56. 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”

 
 
 
 
 

Q57. “Organizational Assignments and Process Integration “
“Which steps are required to create a substitution in Financial Accounting?
Note: There are 3 correct answers to this question.”

 
 
 
 
 

Q58. “Organizational Assignments and Process Integration “
Which of the following statements best describes how customer down payments are integrated with Sales & Distribution (SD)?

 
 
 
 

Q59. “Organizational Assignments and Process Integration “
“You assign currency type 40 to your company code in ledger 0L.
Which source currency types can you select?
Note: There are 2 correct answer to this question.”

 
 
 
 

Q60. Asset Accounting
Which date is used to determine the depreciation start date?

 
 
 
 

Q61. Asset Accounting
“You are configuring asset-related postings of depreciation areas in Asset Accounting for a company code that uses the ledger approach to parallel valuation Which of the following settings would lead to an error?”

 
 
 
 

Q62. Financial Closing
“Which closing activities are performed for external reporting as per SAP best practices?
Note: There are 2 correct answers to this question.”

 
 
 
 

Q63. “Organizational Assignments and Process Integration “
“What does the document type control?
Note: There are 2 correct answers to this question.”

 
 
 
 

Q64. To use the SAP Financial Closing cockpit, which steps are required? Note: There are 3 correct answers to this question.

 
 
 
 
 

Q65. Financial Closing
“What are the features of the Accrual Engine in SAP S/4HANA?
Note: There are 2 correct answers to this question”

 
 
 
 

Q66. 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?”

 
 
 
 

Q67. Which of the following is a technical year-end closing activity in SAP S/4HANA?

 
 
 
 

Q68. Financial Closing
“Your SAP S/4HANA system is integrated with controlling. You perform cost-of-sales accounting and you report your profit and loss per profit center.
When posting a supplier invoice to a primary account, which field is mandatory by standard procedures?”

 
 
 
 

Q69. Accounts Payable & Accounts Receivable
“Which of the following statemens best describe a noted item?
Note: There are 2 correct answers to this question”

 
 
 
 

Q70. General Ledger Accounting
“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 this question”

 
 
 
 
 

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