SAP C_TS4FI_2021 SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021) Exam Exam Practice Test Questions

• Question 1

  How does the system determine the correspondence type of a payment notice?

  • According to the tolerance group, as long as all tolerance groups carry the same correspondence type
  • According to the reason code, as long as all tolerance groups carry the same correspondence type
  • According to the reason code, as all reason codes carry the same correspondence type
  • According to the tolerance group, as all reason codes carry the same correspondence type

  Show Answer Answer: B Next

• Question 2

  Which closing activities are performed for external reporting as per SAP best practices? Note: There are 3 correct answers to this questions.

  • Run plan assessment cycles for profit center
  • Perform flat rate value adjustment for receivables
  • Preform valuations of open items in foreign currency
  • Perform a top-down distribution in margin analysis
  • Regroup receivables and payables on the balance sheet

  Show Answer Answer: B,C,E Next

• Question 3

  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.

  • Profit center
  • Fixed asset
  • Cost center
  • Functional area

  Show Answer Answer: B,C Next

• Question 4

  Which date is used to determine the depreciation star date?

  • Baseline date
  • Acquisition date
  • Posting date
  • Asset value date

  Show Answer Answer: D Next

• Question 5

  Which steps are required to create a substitution in Financial Accounting? Note: There are 3 correct answers to this questions.

  • Select the correct call-up point.
  • Specify an authorization group.
  • Define the substitution rule with its different steps using the formula editor.
  • Assign the substitution rule to the controlling area.
  • Select Activation Level 2.

  Show Answer Answer: B,C,E Next