Practice for Exam: C_TS4FI_2021
Title: SAP Certified Application Associate – SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2020)
151. Which prerequisites must be fulfilled to allow for negative posting of journal entries?
A. The posting key must allow negative postings
B. The company code must allow negative postings
C. The reversal reason must be configured to allow negative postings
D. The reversal accounts must be configured to allow negative postings
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152. In your system, you currently perform manual outgoing payments and you want to use the automatic payment program. Which new settings must you maintain as part of the configuration of the automatic payment program?
A. Payment terms
B. Payment run
C. Bank determination
D. Paying company codes
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153. 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
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154. Which parameters can you specify directly when you create a new correspondence type? A. Reason code required
B. Company code required
C. Number of date fields required
D. Document number required
E. Account required
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155. You forgot to add a new general ledger account to the financial statement version. What impact does this have on the net profit and net loss?
A. The balance of the new account is added to the notes in the financial statement item section and is excluded from the calculation.
B. The balance of the new account is added to the in the financial statement item section and is included from the calculation.
C. The balance of the new account is added to the non-assigned selection and excluded in the calculation.
D. The balance of the new account is added to the non-assigned selection and included in the calculation.
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156. Which date is used to determine the depreciation start date?
A. Baseline date
B. Acquisition date
C. Posting date
D. Asset value date
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157. In your SAP S/4HANA system, you report financial values for two separate accounting principles. You post an acquisition for an asset that is capitalized in a single accounting principle. If you use the application to post integrated asset acquisitions, how many documents will the system post?
A. 2
B. 4
C. 3
D. 1
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158. You’d like to set up low-value asset (LVA) management. What do you need to do?
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 of measure for LVA in individual management
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159. You want to post journal entries in a special period. Which conditions must be met?
A. You must enter a posting date in the last posting period
B. The balance carry-forward to the new fiscal year must have happened
C. The special period must be open for posting in the period control
D. The last posting period must be open for posting in the period control
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160. What are the features of the Accrual Engine in SAP S/4HANA?
A. All accrual calculations must be reviewed and approved before posting.
B. Accrual postings with a maximum of two line items are supported.
C. All currencies of the general ledger are supported.
D. The fiscal year variant of the general ledger is supported.
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161. You are running an international business and you want to set up separate legal entities to run operations and perform accounting activities. Which organizational unit do you need to create for each legal entity?
A. Segment
B. Company Code
C. Consolidation unit
D. Company
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162. How does SAP S4/HANA support the treatment of taxes?
A. It checks the tax amount entered and automatically calculates the tax
B. It posts the tax amount to tax accounts
C. It checks the tax codes and automatically updates the taxes based on changes by tax authorities
D. It adjusts the tax codes and automatically updates the procedure
E. It performs tax adjustments for cash discounts and other forms of deductions
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163. The country that your company code operates in has defined a new VAT tax rate percentage of 15%, which will become effective at the start of the next fiscal year. You create the new VAT codes 05 and 15 to cover this requirement. How can you ensure that users use the new tax codes when entering tax-relevant documents starting next year?
A. Enter the new tax codes as default for users who have authorization to post general ledger transactions after balance carry forward is done
B. Enter the appropriate new VAT code in the tax category field of the relevant expense and revenue G/L accounts after balance carry forward is done
C. Create a substitution that changes the deprecated VAT code to the relevant new one when entering documents with posting dates in the new year
D. Create a validation that issues an error when the user uses a deprecated VAT code when entering documents with posting dates in the new year
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164. What are the benefits of how data is handled in SAP S/4HANA?
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.
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165. How does the system perform the normal reversal of a journal entry?
A. It creates an inverse posting by resetting the transaction figures for cleared documents.
B. It creates an inverse posting by increasing the transaction figures.
C. It creates an inverse posting by decreasing the transaction figures.
D. It creates an inverse posting by resetting the transaction figures.
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