C_TS4FI_2021 Online Practice Questions and Answers

You have been asked to set up house banks as part of the implementation.

What information do you need?

Note: There are 3 correct answers to this questions.

A. Company code

B. Payment method

C. Bank master data

D. Bank control key

E. General ledger account

Which of the following statements are valid for financial document number ranges? Note: There are 3 correct answers to this questions.

A. The same financial document number range can be assigned to several document type

B. All financial document number ranges can contain numbers and/or letters

C. Financial document number ranges defined at client level should NOT overlap

D. Financial document number ranges are defined at company code level

E. Financial document number ranges must be defined for the year in which they are used

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

You are responsible for configuring document splitting.

What are some of the key settings?

Note: There are 2 correct answers to this questions.

A. Business transaction variant

B. Document type

C. Field status variant

D. Document number range

Which characteristics maps the business partner to the customer and supplier account groups?

A. Business partner role

B. Business partner account group

C. Business partner grouping

D. Business partner view

You want to post journal entries in a special period.

Which conditions must be met?

Note: There are 2 correct answers to this questions.

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

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

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