Practice for Exam: C_TS4FI_2021
Title: SAP Certified Application Associate – SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2020)
126. Which steps are required to create a substitution in Financial Accounting?
A. Select the correct call-up point.
B. Specify an authorization group.
C. Define the substitution rule with its different steps using the formula editor.
D. Assign the substitution rule to the controlling area.
E. Select Activation Level 2.
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127. What items are NOT cleared by the automatic clearing program?
A. Items with sales and use tax
B. Statistical postings
C. Items with withholding tax
D. Noted items
E. Items with value-added tax
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128. Which statements best describe extension ledgers in SAP S/4HANA?
A. Multiple extension ledgers can point to the same underlying ledger
B. Extension ledgers can be assigned their own fiscal year variant
C. Extension ledgers can be assigned their own posting period variant
D. Extension ledgers can have different currencies than the underlying ledger
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129. What dunning-related data do you maintain on the business partner master record?
A. Dunning block
B. Dunning key
C. Dunning interval
D. Dunning area
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130. How do you configure depreciation areas in SAP S/4HANA?
A. Ensure a ledger group is assigned to each accounting principle
B. Assign depreciation area 01 to the leading ledger
C. Assign each accounting principle to a depreciation area
D. Ensure all depreciation areas always post to the general ledger
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131. Which fields of a financial accounting document influence the automatic payment program?
A. Payment method
B. Payment transaction
C. Payment type
D. Term of payment
E. Baseline date
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132. How does an automatic intercompany asset transfer work?
A. It assumes that the transfer happens between two independent legal entities
B. It determines the relationship type automatically, using the company code
C. It determines the relationship type automatically, using the company ID
D. It does NOT allow a transfer to happen within a single legal entity
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133. Which elements define the integration of asset acquisitions with the general ledger?
A. Valuation Area
B. Depreciation Area
C. Asset Class
D. Depreciation Keys
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134. Which of the following is a technical year-end closing activity in SAP S/4HANA?
A. Foreign currency valuation must be posted
B. Accruals must be posted
C. Balance sheet adjustments must be posted
D. Ledger balances must be carried forward
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135. 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.
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136. You define custom currency type Z1 for your company code. Which currency types must be stored in the Data End view?
A. Global currency
B. Company code currency
C. Document currency
D. Custom currency type Z1
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137. What are prerequisites for the 3-way match to work in procurement transactions?
A. Goods receipt posted in reference to the purchase order
B. Invoice receipt posted in reference to the purchase order
C. Goods receipt posted before the invoice receipt
D. Invoice receipt posted before the goods receipt
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138. What do you define when configuring asset classes?
A. Transaction types
B. Number ranges
C. Screen layout rule
D. Posting keys
E. Account determination
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139. A general ledger account is defined with the account type “Nonoperating Expense or Income.” Where can this account be used?
A. Profit and loss account that is used in margin analysis
B. Profit and loss account that is used in margin analysis and profit center accounting
C. Profit and loss account that is used in overhead management accounting
D. Profit and loss account that is used in profit center accounting
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140. You want to edit a dunning proposal. Which actions can you perform?
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 line item.
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141. 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?
A. Posting date
B. Document date
C. Value date
D. Entry date
E. Goods receipt date
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142. You need to post a customer invoice through 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.
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143. How can you create an asset under construction?
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
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144. You perform foreign currency valuation for open items of your supplier accounts. The valuations will be used only for period-end reporting and should then be reversed. What account does the system use to post the valuation differences?
A. Alternative reconciliation G/L account
B. Individual supplier accounts with special G/L indicator
C. Supplier reconciliation G/L account
D. Adjustment G/L account for foreign currency
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145. 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 settings 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 does not post
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146. What are the maintenance levels of a screen layout rule for asset master data?
A. Group asset
B. Asset class
C. Asset subnumber
D. Main asset number
E. Depreciation area
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147. Which statements best describe a profit center?
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 with segments.
D. It is the only object that can be uniformly derived using segments.
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148. What are some features of SAP HANA?
A. SAP HANA is optimized to organize data using column stores.
B. SAP HANA is optimized to work with aggregates and index tables.
C. SAP HANA allows transactional and analytical processing from the same tables.
D. SAP HANA is built on a hierarchical data model architecture.
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149. Which of the following closing activities is a so-called technical closing step?
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)
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150. You post a purchase order. For which expenses does the system calculate accruals?
A. Consulting Services
B. Insurance premiums
C. Fixed asset purchases
D. Raw material purchases
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