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 perform foreign currency valuation for open items of you supplier accounts. The valuations will be used only for period end reposting and should them be reversed. What account does the system use to post the valuation differences?

AAlternative reconciliation G/L account

BIndividual supplier accounts with special G/L indicator

CSupplier reconciliation G/L account

DAdjustment G/L account for foreign currency

Answer : D

Question 7

You are getting ready to post you first simple general ledger document using the SAP Fiori app for posting in the test environment.

What configuration items do you need to set up to post a simple document?

Note: There are 2 correct answers to this questions.

ALine item text templates must be maintained

BThe posting period variant must be created and assigned

CNumber range and document types must be maintained

DAutomatic account determination must be maintained

Answer : B, C

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