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

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Total 80 questions

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

Question 1

You want to edit a dunning proposal.

Which actions can you perform?

Note: There are 3 correct answers to this questions.

Options:

A.

Block an account.

B.

Raise the dunning level of an item.

C.

Change a document.

D.

Lower the dunning level of an item.

E.

Block a I ine item.

Question 2

Which statements best describe a profit center?

Note: There are 2 correct answers to this questions.

Options:

A.

It is an object for which separate balance sheet and P&L statements can be created, whether segments are being maintained or not.

B.

It is the only object from which segments can be uniformly derived.

C.

It is an object for which separate balance sheet and P&L statements are ,created only when used in conjunction segments.

D.

It is the only object that can be uniformly derived using segments.

Question 3

Which of the following closing activities is a so-called technical closing step?

Options:

A.

Process purchase order accruals

B.

Perform asset depreciation run

C.

Perform valuations of open items in foreign currency

D.

Close the previous period in Material Management (MM)

Question 4

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.

Options:

A.

Profit center

B.

Fixed asset

C.

Cost center

D.

Functional area

Question 5

You 'd like to set up low values asset (LVA) management.

What do you need to do?

Options:

A.

Define two separate asset classes to manage LVA using individual or collective management

B.

Specify the minimum amount for LVA at three levels: company code, depreciation area and asset class

C.

Specify the minimum amount for LVA at two levels: company code and chart of depreciation

D.

Define a base unit for measure for LVA in individual management

Question 6

Which of the following should you consider when defining asset number range?

Note: There are 2 correct answers to this questions.

Options:

A.

Each asset number range must be assigned to unique asset class

B.

Asset number ranges are defined at chat of depreciation level

C.

Asset number ranges are defined for asset classes and are company code specific

D.

Each asset class can be have either an internal or external number range

Question 7

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.

Options:

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.

Question 8

What are prerequisites for the 3-way match to work in procurement transactions?

Note: There are 2 correct answers to this questions.

Options:

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

Question 9

What area of the benefits of how data handled in SAP S/4HANA?

Note: There are 2 correct answers to this questions.

Options:

A.

The data is aggregated in real time from any line item table.

B.

The data is constantly auto-archived to optimize memory usage.

C.

The data is available in real time at line item detail.

D.

The data is summarized into higher levels of aggregates to accelerate system performance.

Question 10

Which of the following statements are valid for financial document number ranges?

Note: There are 3 correct answers to this questions.

Options:

A.

The same financial document number range can be assigned to several document type

B.

All financial document number ranges can contain numbers and/or letters

C.

Financial document number ranges defined at client level should NOT overlap

D.

Financial document number ranges are defined at company code level

E.

Financial document number ranges must be defined for the year in which they are used

Question 11

To use the SAP Financial Closing cockpit, which steps are required?

Note: There are 3 correct answers to this questions.

Options:

A.

Create task groups.

B.

Define the person responsible for tasks.

C.

Create a template.

D.

Define the task dependencies.

E.

Release the task dependencies.

Question 12

How can you create an asset under construction?

Note: There are 2 correct answers to this questions.

Options:

A.

Automatically, when setting capex cost from an internal order

B.

Automatically, when creating an investment measure

C.

Automatically, when setting capex cost from a WBS element

D.

Manually (transaction AS01), using a specific asset class

Page: 1 / 8
Total 80 questions