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

On which levels can you maintain field status controls for business partners (BP)? Company code BP role C. BP type D. BP category

• BP type
• BP category

Which of the following is technical year-end closing activity in SAP S4/HANA?

• Foreign currency valuation must be posted
• Accruals must be posted
• Balance sheet adjustments must be posted
• Ledger balances must be carried forward

You are asked to explain how assets under construction work in SAP S4/HANA What should you highlight? Note: There are 2 correct answers to this questions.

• It's possible to post credit memos, ever after assets under construction are fully capitalized
• It's possible to post special tax depreciation and investment support for assets under construction
• It's possible to to use asset under construction with investment management
• It's possible to calculate and post depreciation in the balance sheet depreciation area for assets under construction

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

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

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.

• Set the deletion flag in the company code data of the G/L account.
• The account is not used in any automatic account determination.
• Transactional figures are older than a customizable amount of years.
• Set the deletion flag in the chart of accounts data of the G/L account.
• There are no transaction figures for the account.

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?

• Alternative reconciliation G/L account
• Individual supplier accounts with special G/L indicator
• Supplier reconciliation G/L account
• Adjustment G/L account for foreign currency

How does SAP S4/HANA support the treatment of taxes? Note: There are 3 correct answers to this questions.

• It checks the tax amount entered and automatically calculates the tax
• It post the tax amount to tax accounts
• It checks the tax codes and automatically updates the taxes based on changes by tax authorities
• It adjust the tax codes and automatically updates the procedure
• It performs tax adjustments for cash discounts and other forms of deductions

To use the SAP Financial Closing cockpit, which steps are required? Note: There are 3 correct answers to this questions.

• Create task groups.
• Define the person responsible for tasks.
• Create a template.
• Define the task dependencies.
• Release the task dependencies.

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?

• Functional area
• Segment
• Business area
• Profitability segment

You want to edit a dunning proposal. Which actions can you perform? Note: There are 3 correct answers to this questions.

• Block an account.
• Raise the dunning level of an item.
• Change a document.
• Lower the dunning level of an item.
• Block a I ine item.