C_TS4FI_2021 Online Practice Questions and Answers

What archiving step must precede archiving a supplier invoice posted directly to FI?

A. Archive accounts payables master data

B. Archive data in CO

C. Archive FI transaction figures

D. Perform compression run

What are prerequisites for the 3-way match to work in procurement transactions? Note: There are 2 correct answers to this questions.

A. Invoice receipt posted in reference to the purchase order

B. Invoice receipt posted before the goods receipt

C. Good receipt posted before the invoice receipt

D. Goods receipt posted in reference to the purchase order

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

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

A. Segment

B. Controlling area

C. Profit center

D. Functional area

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.

Which parameter indicates that a line can be dunned only with restrictions?

A. Dunning grouping

B. Dunning Key

C. Dunning block reason

D. Dunning area

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.

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

Which fields of a financial accounting document influence the automatic payment program?

Note: There are 3 correct answers to this questions.

A. Payment method

B. Payment transaction

C. Payment type

D. Term of payment

E. Baseline date

Which elements define the integration of asset acquisitions with the general ledger?

Note: There are 2 correct answers to this questions.

A. Valuation Area

B. Depreciation Area

C. Asset Class

D. Depreciation Keys