C_TS4FI_2021 Online Practice Questions and Answers

What is shared between all deployment options for SAP S/4HANA (Cloud, On-Premise)

Note: There are 3 correct answers to this questions.

A. Code line

B. Configuration options

C. Data model

D. User experience

E. Upgrade intervals

What can you control with the reason code in Accounts Receivable?

Note: There are 3 correct answers to this questions.

A. The special G/L indicator for the down payment

B. The account where a residual item is posted

C. The exclusion of disputed residual items from credit limit checks

D. The type of payment notice sent to a customer

E. The document type of the payment

In your SAPS/4HANA system, you want to archive the G/L accounts that are not used by the business in any company code. What are prerequisites to archiving all data of a G/L account?

Note: There are 3 correct answers to this questions.

A. Set the deletion flag in the company code data of the G/L account.

B. The account is not used in any automatic account determination.

C. Transactional figures are older than a customizable amount of years.

D. Set the deletion flag in the chart of accounts data of the G/L account.

E. There are no transaction figures for the account.

You are starting the fiscal year-end process in Asset Accounting in SAP S/4HANA.

What are the year-end closing program checks for Asset Accounting?

Note: There are 2 correct answers to this questions.

A. Asset master data is complete and without errors.

B. Posting periods are closed for asset G/L accounts.

C. Depreciation is posted in full for all assets.

D. The fixed asset fiscal year change is complete.

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

Which closing activities are performed for external reporting as per SAP best practices?

Note: There are 3 correct answers to this questions.

A. Run plan assessment cycles for profit center

B. Perform flat rate value adjustment for receivables

C. Preform valuations of open items in foreign currency

D. Perform a top-down distribution in margin analysis

E. Regroup receivables and payables on the balance sheet

Which of the following statement best describes how customer down payments are integrated with Sales and Distribution (SD)

A. A dowm payment request is created as an SD sales order, which is automatically posted in FI as a noted item.

B. A dowm payment request is created as a SD billing document, which is automatically posted in FI as a noted item.

C. A dowm payment request is created as an FI noted item, which automatically generates an SD billing document.

D. A dowm payment request is created as an FI noted item, which automatically generates an SD sales order.

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

How does the system perform the normal reversal of a journal entry?

A. It creates an inverse posting by resenting the transaction figures for cleared documents.

B. It creates an inverse posting by increasing the transaction figures.

C. It creates an inverse posting by decreasing the transaction figures.

D. It creates an inverse posting by resenting the transaction figures.