C_TS4FI_2021 exam

Financial Closing "You must run the foreign currency valuation for both US GAAP and IFRS, which leads to different value for the 2 different accounting principles. How can you set this up in the system?"A . Define two valuation methods and assign the ledger groups to the new valuation method.B...

Asset Accounting "What do you define when configuring asset classes? Note: There are 3 correct answers to thia question."A . Account determinationB . Number rangesC . Screen layout rulesD . Transaction typesE . Posting keysView AnswerAnswer: A,B,C

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 forwardView AnswerAnswer: A

To use the SAP Financial Closing cockpit, which steps are required? Note: There are 3 correct answers to this question.A . Release task listB . Define person responsible for tasksC . Define task dependenciesD . Create task groupsE . Create templateView AnswerAnswer: C,D,E

General Ledger Accounting "When is it possible to set the open item management indicator in a general ledger account Note: There are 2 correct answers to this question"A . When an account is set up as a reconciliation accountB . When an account has a zero balanceC . When an...

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...

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...

Asset Accounting "You are creating an asset master record by copying another asset, and you notice that the inventory number is copied over. Which setting do you make on the screen layout maintenance page to ensure the inventory number is NOT copies over when you create new asset master vai...

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 ....

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 CodeB . BP categoryC . BP roleD . BP typeView AnswerAnswer: C,D