SAP C_TS4FI_2021 Exam Practice Test Instant Access

Question 1

You forgot to add a new general ledger account to the financial statement version.

What impact does this have on the net profit and net loss?

AThe balance of the new account is added to the notes in the financial statement item section and is excluded from the calculation

BThe balance of the new account is added to the in the financial statement item section and is included from the calculation

CThe balance of the new account is added to the non-assigned selection and excluded in the calculation

DThe balance of the new account is added to the non-assigned selection and included in the calculation

Answer : C

Question 2

You post a purchase order.

For which expenses does the system calculate accruals?

Note: There are 2 correct answers to this questions.

AConsulting Services

BInsurance premiums

CFixed asset purchases

DRaw material purchases

Answer : C, D

Question 3

What are key reasons for preferring a new implementation of SAP S/4HANA rather than a system conversion from SAP ERP?

Note: There are 2 correct answers to this questions.

AYou want to deploy SAP S/4HANA Cloud.

BYou want to use document splitting for the General Ledger.

CYou want to integrate the system with SAP Business Technology Platform.

DYou want to clean up your system and use SAP Best Practices.

Answer : A, D

Question 4

Which of the following are valid settlement receives, when you perform settlement for an asset under construction, on a line item basis?

Note: There are 2 correct answers to this questions.

AProfit center

BFixed asset

CCost center

DFunctional area

Answer : B, C

Question 5

Which steps are required to create a substitution in Financial Accounting?

Note: There are 3 correct answers to this questions.

ASelect the correct call-up point.

BSpecify an authorization group.

CDefine the substitution rule with its different steps using the formula editor.

DAssign the substitution rule to the controlling area.

ESelect Activation Level 2.

Answer : B, C, E

Question 6

You are responsible for configuring document splitting.

What are some of the key settings?

Note: There are 2 correct answers to this questions.

ABusiness transaction variant

BDocument type

CField status variant

DDocument number range

Answer : A, B

Question 7

How can you create an asset under construction?

Note: There are 2 correct answers to this questions.

AAutomatically, when setting capex cost from an internal order

BAutomatically, when creating an investment measure

CAutomatically, when setting capex cost from a WBS element

DManually (transaction AS01), using a specific asset class

Answer : B, C

SAP C_TS4FI_2021 SAP Certified Associate - SAP S/4HANA 2021 for Financial Accounting Exam Practice Test