SAP C_TS4FI_2021 Exam Practice Test Instant Access

Question 1

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

Note: There are 3 correct answers to this questions.

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

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

CFinancial document number ranges defined at client level should NOT overlap

DFinancial document number ranges are defined at company code level

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

Answer : A, C, D

Question 2

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.

ASubstitution values

BCheck statement

CCallup point

DPrerequisite statement

Answer : A, D

Question 3

What does the document splitting funtion do?

Note: There are 2 correct answers to this questions.

AIt enriches all relevant balance sheet account lines with the defined splitting characteristics.

BIt ensure that you can create complete financial reports per profit center if it is required by the business.

CIt enable the automatic creation of additional posting documents for each defined splitting characteristics.

DIt enriches all customer and vendor line items with the defined splitting characteristics in the relevant subledgers.

Answer : A, D

Question 4

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

Note: There are 3 correct answers to this questions.

AIt checks the tax amount entered and automatically calculates the tax

BIt post the tax amount to tax accounts

CIt checks the tax codes and automatically updates the taxes based on changes by tax authorities

DIt adjust the tax codes and automatically updates the procedure

EIt performs tax adjustments for cash discounts and other forms of deductions

Answer : A, B, E

Question 5

What are some features of SAP HANA?

Note: There are 2 correct answers to this questions.

ASAP HANA is optimized to organize data using column stores.

BSAP HANA is optimized to work with aggregates and index tables.

CSAP HANA is allows transactional and analytical processing from the same tables.

DSAP HANA is built on a hierarchical data model architecture.

Answer : A, C

Question 6

What are the characteristics of a company in SAP S/4HANA?

Note: There are 2 correct answers to this questions.

AIt is responsible for costs and revenues within an organization.

BIt can be assigned to a company code.

CIt represents separate areas of operation within an organization.

DIt is considered for consolidation.

Answer : B, D

Question 7

On which levels can you maintain field status controls for business partners (BP)?

Note: There are 2 correct answers to this questions.

ACompany code

BBP role

CBP type

DBP category

Answer : B, C

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