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The SAP C_TS4FI_2021 exam is a certification exam that is designed for individuals who are interested in becoming SAP Certified Application Associates for SAP S/4HANA Financial Accounting Associates. The exam is designed to test the candidate's knowledge and skills in financial accounting processes, including financial closing, financial accounting configuration, and financial accounting reporting. Successful completion of this exam demonstrates that the candidate has the skills and knowledge required to work with SAP S/4HANA Financial Accounting.

The SAP C-TS4FI-2021 Exam, also known as the SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021), is a certification exam that validates the skills and knowledge of individuals in the field of financial accounting. This exam is designed for professionals who have experience working with SAP S/4HANA and want to demonstrate their expertise in financial accounting processes, such as general ledger, accounts payable, accounts receivable, and asset accounting.

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SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021) Sample Questions (Q67-Q72):

NEW QUESTION # 67
General Ledger Accounting
For which account can you perform account clearing in SAP S/4HANA?

A. For any account that is assigned to a financial statement version
B. For any G/L account defined as reconciliation account
C. For any balance sheet account managed on a line item basis
D. For any account that is managed on an open item basis

Answer: B

NEW QUESTION # 68
What does the document splitting funtion do?
Note: There are 2 correct answers to this questions.

A. It enriches all customer and vendor line items with the defined splitting characteristics in the relevant subledgers.
B. It enable the automatic creation of additional posting documents for each defined splitting characteristics.
C. It enriches all relevant balance sheet account lines with the defined splitting characteristics.
D. It ensure that you can create complete financial reports per profit center if it is required by the business.

Answer: A,C

NEW QUESTION # 69
General Ledger Accounting
"You are getting ready to post your first simple general ledger document using the SAP fiori app for posting in a test environment.
What configuration items do you need to set up to post a simple document?
Note: There are 2 correct answers to this question. "

A. The posting period variant must be created and assigned.
B. Line item text templates must be maintained.
C. User must be assined to a tolerance group.
D. Number range and document types must be maintained.

Answer: A,D

NEW QUESTION # 70
General Ledger Accounting
"Which statements best describe a profit center?
Note: There are 2 correct answers to this question."

A. It is the only object from which segments can be unifornly derived.
B. It is the only object that can be unifromly derived using segments.
C. It is an object for which separate balance sheet and P&L statements can be created only when used in conjunction with segment.
D. It is an object for which separate balance sheet and P&L statements can be created, independently from segments being maintain or not.

Answer: A,D

NEW QUESTION # 71
You are asked to explain how assets under construction work in SAP S4/HANA What should you highlight?
Note: There are 2 correct answers to this questions.

A. It's possible to post credit memos, ever after assets under construction are fully capitalized
B. It's possible to to use asset under construction with investment management
C. It's possible to post special tax depreciation and investment support for assets under construction
D. It's possible to calculate and post depreciation in the balance sheet depreciation area for assets under construction

Answer: A,C

NEW QUESTION # 72
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