C_TS4FI_2021 Online Practice Questions and Answers

Which field can you change on a posted invoice?

A. Basel ine date

B. Tax code

C. Special G/L indicator

D. Statistical internal order

In your SAP S4/HANA 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

How does SAP S4/HANA support the treatment of taxes?

Note: There are 3 correct answers to this questions.

A. It checks the tax amount entered and automatically calculates the tax

B. It post 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 adjust the tax codes and automatically updates the procedure

E. It performs tax adjustments for cash discounts and other forms of deductions

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

To use the SAP Financial Closing cockpit, which steps are required? Note: There are 3 correct answers to this questions.

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.

You want to create a substitution in Financial Accounting.

Which parts do you have to define for each step of the substitution?

Note: There are 2 correct answers to this questions.

A. Substitution values

B. Check statement

C. Callup point

D. Prerequisite statement

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

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

You want to configure the tax calculation procedures.

What are the main elements you need to define?

Note: There are 3 correct answers to this questions.

A. Sequence of steps \/ Q Account Key

B. Condition type

C. Tax category

D. Tax code

Which of the following statement best describe a noted item?

Note: There are 2 correct answers to this questions.

A. It has an automatic statistical offsetting entry

B. It updates the subledger and the general ledger

C. It can be used to remind the user about due payments

D. It can be accessed by the payment program