C _TS4FI_2021 P ractice E xam SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021) https://www.passquestion.com/C_TS4FI_2021.html D o w nload valid C _TS4FI_2021 P ractice E xam F rom P ass Q uestion 1. Accounts Payable & Accounts Receivable Which business partner characteristic is mapped to the customer and supplier account groups? A. Business partner type B. Business partner account group C. Business partner grouping D. Business partner role Answer: B D o w nload valid C _TS4FI_2021 P ractice E xam F rom P ass Q uestion 2. Asset Accounting How can you perform transfers of asset between company codes with different chart of depreciation? A. Enter depreciation area mapping during intercompany transfer posting. B. Define a global transfer variant and assign all the depreciation areas to it. C. Ensure the same depreciation areas are used in all charts of depreciation. D. Configure the cross-company depreciation areas in Customizing. Answer: D D o w nload valid C _TS4FI_2021 P ractice E xam F rom P ass Q uestion 3. Financial Closing "Which closing activities are performed for external reporting as per SAP best practices? Note: There are 2 correct answers to this question." A. Regroup receivables and payables on the balance sheet. B. Update product cost estimates with standard prices. C. Run pla assessment cycles for profit centers. D. Perform valuations of open items in foreigh currency. Answer: A,D D o w nload valid C _TS4FI_2021 P ractice E xam F rom P ass Q uestion 4. 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." A. The data is aggregated on the fly from any line item table. B. The data is constantly auto archived to optimize memory usege. C. The data is summarized into higher levels of aggregated to help system performance. D. The data is available in real time at line item detail. Answer: A,D D o w nload valid C _TS4FI_2021 P ractice E xam F rom P ass Q uestion 5. 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" A. Company Code B. BP category C. BP role D. BP type Answer: C,D D o w nload valid C _TS4FI_2021 P ractice E xam F rom P ass Q uestion 6. Accounts Payable & Accounts Receivable "Which parameters can you specify directly when you create a new correspondence type? Note: There are 3 correct answers to this question." A. Account required B. Document number required C. Reason code required D. Number of date fields required E. Company code required Answer: A,B,D D o w nload valid C _TS4FI_2021 P ractice E xam F rom P ass Q uestion 7. 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. A. In the accounts approach, you assign a separate set of accounts for each accounting principle, unlike the ledger approach. B. In the leger approach, you maintain additional depreciation areas to post the delta valuation of each accouting principle, unlike the accounts approach. C. In the accounts approach, you define a technical clearing account for integrated asset acquisitions, unlike the ledger approach. D. In the ledger approach, you assign a ledger group to every depreciation area, unlike the account approach. Answer: A D o w nload valid C _TS4FI_2021 P ractice E xam F rom P ass Q uestion 8. Which of the following is a technical year-end closing activity in SAP S/4HANA? A. Profit center carry-forward must be posted. B. Foreign currency valuation must be posted. C. Balance sheet adjustments must be posted. D. Ledger balances must be carried forward Answer: A D o w nload valid C _TS4FI_2021 P ractice E xam F rom P ass Q uestion 9. What are the maintenance levels of a screen layout rule for asset master data? Note: There are 3 correct answers to this question A. Main asset number B. Asset sub number C. Group asset D. Depreciation area E. Asset class Answer: A,B,E D o w nload valid C _TS4FI_2021 P ractice E xam F rom P ass Q uestion 10. "Organizational Assignments and Process Integration " "You are running an international business and you want to separate legal entities to run operations and perform accounting activities. Which organizatinal unit do you need to create for each legal entity?" A. Business Area B. Consolidation Unit C. Company D. Company Code Answer: D