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

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Total 80 questions

You want to configure the default baseline data for the payment terms of an incoming invoice.

From which date can you derive the baseline date?

Note: There are 3 correct answers to this questions.

A.

Posting date

B.

Document date

C.

Value date

D.

Entry date

E.

Goods receipt date

You need to post customer invoice though an interface with a non-SAP system. You want to define a new document type with a specific document number range that matches the document numbers of the source system.

How do you define the document number range

A.

You must use external number assignment

B.

You must use internal number assignment

C.

You can use internal or external number assignment, but only if it is continuous

D.

You can use internal or external number assignment

You are responsible for implementing Asset Accounting. You are provided with the legacy data of various assets and their grouping information based on classifications, useful life, and depreciation terms.

What configuration step would you initiate to maintain these categories in SAP S/4HANA?

A.

Define depreciation areas for each category of legacy asset.

B.

Define depreciation areas to transfer all the legacy data.

C.

Define asset classes and maintain their attributes.

D.

Define depreciation keys and calculation keys.

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.

A.

It's possible to post credit memos, ever after assets under construction are fully capitalized

B.

It's possible to post special tax depreciation and investment support for assets under construction

C.

It's possible to to use asset under construction with investment management

D.

It's possible to calculate and post depreciation in the balance sheet depreciation area for assets under construction

You must run the foreign currency valuation for both US GAAP and IFRS. which leads to different values for the two 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 methods

B.

Define two valuation area and assign and two extension ledgers with relevant links to accounting principles

C.

Define two valuation methods and assign the accounting principles to the new valuation methods

D.

Define two valuation area and assign and two accounting principles with relevant links to ledgers

How can you define a matching method for intercompany reconciliation?

A.

It can be either defined as master data or as configuration

B.

It must be defined as master data

C.

it can be automatically determined by a user exit

D.

It must be defined as configuration

You are configuring asset-related posting of depreciation areas in Asset Accounting for a company code that uses the ledger approach to parallel valuation.

Which of the following setting would lead to an error?

A.

Area posts depreciation only

B.

Area posts APC immediately, depreciation periodically

C.

Area posts in real time

D.

Area posts not post

For which special G/L indicator do you specify a target special G/L indicator?

A.

Bill of exchange

B.

Vendor down-payment request

C.

Customer down-payment

D.

Guarantee given

What is the recommended organizational unit for cost of sales accounting?

A.

Segment

B.

Controlling area

C.

Profit center

D.

Functional area

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