Precise C_TS4FI_2021 Guide With Real Q&As For Passing C_TS4FI_2021 Exam [2022]

C_TS4FI_2021 SAP Certified Application Associate – SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021) has been published for early adopters. To help the early adopters prepare for SAP C_TS4FI_2021 exam well, the precise exam guide with real questions and answers are available. SAP C_TS4FI_2021 exam guide provide IT students with a golden opportunity to take their SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021) exam preparation to the next level so that they can pass the C_TS4FI_2021 exam with desirably high scores at a reasonable cost.

Read SAP C_TS4FI_2021 Free Demo Questions Below

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1. Overview and Deployment of SAP S/4HANA

"What are some of the benefits of the data handing in SAP S/4HANA? Note: There are 2 correct answers to this question."

The data is aggregated on the fly from any line item table.

The data is constantly auto archived to optimize memory usege.

The data is summarized into higher levels of aggregated to help system performance.

The data is available in real time at line item detail.

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

Profit center carry-forward must be posted.

Foreign currency valuation must be posted.

Balance sheet adjustments must be posted.

Ledger balances must be carried forward

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3. 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

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4. Asset Accounting

What is the difference between the ledger approach and the accounts approach to parallel caluation in Asset Accounting? Note: There are 1 correct answers to this question.

In the accounts approach, you assign a separate set of accounts for each accounting principle, unlike the ledger approach.

In the leger approach, you maintain additional depreciation areas to post the delta valuation of each accouting principle, unlike the accounts approach.

In the accounts approach, you define a technical clearing account for integrated asset acquisitions, unlike the ledger approach.

In the ledger approach, you assign a ledger group to every depreciation area, unlike the account approach.

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5. Financial Closing

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

Regroup receivables and payables on the balance sheet.

Update product cost estimates with standard prices.

Run pla assessment cycles for profit centers.

Perform valuations of open items in foreigh currency.

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6. Accounts Payable & Accounts Receivable

"On which levels can you maintain field status controls for business partners (BP)? Note: There are 2 correct ansers to this question"

Company Code

BP category

BP role

BP type

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7. 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"

Bank Master Data

Payment method

General ledger account

Bank Control Key

Company code

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8. 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

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9. What is the purpose of the chart of depreciation?

The chart of depreciation is a reporting tool that structures your assets for hierarchical reporting.

The chart of depreciation defines the asset classes for which you can create fixed assets

The chart of depreciation manages country-specific legal valuation of fixed assets

The chart of depreciation substitutes the operational chart of accounts in asset-related postings.

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10. Asset Accounting

Which date is used to determine the depreciation start date?

Document date

Asset value date

Posting date

Baseline date

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11. 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?"

Area does not post

Area posts APC immediately, depreciation periodically

Area posts depreciation only

Area posts in real time

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