C_TS4FI_2021 Online Practice Questions and Answers

What are the features of the Accrual Engine in SAP S/4HANA? Note: There are 2 correct answers to this questions.

A. All accrual calculations must be reviewed and approved before posting.

B. Accrual postings with a maximum of two line items are supported.

C. All currencies of the general ledger are supported.

D. The fiscal year variant of the general ledger is supported.

When is it possible to set the open item management indicator in a general ledger account?

Note: There are 2 correct answers to this questions.

A. When an a account is set up as a balance sheet account

B. When an a account has a zero balance

C. When an a account is set up as a reconciliation account

D. When an a account is set up as a secondary cost element

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.

A. You want to deploy SAP S/4HANA Cloud.

B. You want to use document splitting for the General Ledger.

C. You want to integrate the system with SAP Business Technology Platform.

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

For which account can you perform account clearing in SAP S4/HANA?

A. For any balance sheet account managed on a line item basis

B. For any G/L account defined as a reconciliation account

C. For any account that can be posted in foreign currency

D. For any account that is managed on an open item basis

What do you define when configuring asset classes?

Note: There are 3 correct answers to this questions.

A. Transaction types

B. Number ranges

C. Screen layout rule

D. Posting keys

E. Account determination

On which levels can you maintain field status controls for business partners (BP)?

Note: There are 2 correct answers to this questions.

A. Company code

B. BP role

C. BP type

D. BP category

Which of the following closing activities is a so-called technical closing step?

A. Process purchase order accruals

B. Perform asset depreciation run

C. Perform valuations of open items in foreign currency

D. Close the previous period in Material Management (MM)

Which information is part of the Bank Master Data?

Note: There are 2 correct answers to this questions.

A. Data Medium Exchange (DME) details

B. Control data

C. Information for electronic payment transactions

D. Address details

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.

A. Maintain exchange rates daily.

B. Set up the relationship between currencies using translation ratios.

C. Specify the company code currency as the base currency.

D. Specify a purpose for the exchange rate type.

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?

A. Functional area

B. Segment

C. Business area

D. Profitability segment