C - TS4FI - 2021: Answer: A

C_TS4FI_2021
Asset Accounting
1. Which data is used to determine the depreciation start date ?

A. Asset Value date
B. Baseline date
C. Document Date
D. Posting date
Answer: A
Accounts payable & Accounts Receivable
2. Which documents are needed to complete the 3 way match in the procurement
transaction ? 3 correct answers.
A. Goods Receipt
B. Down payment request
C. Purchase Order
D. Purchase requisition
E. Invoice receipt
Answer: A C E
Accounts payable & Accounts Receivable
3. 3 In your system you currently perform manual outgoing payments and you want
to use the automatic payment program Which settings must you maintain as part
of the configuration of the automatic payment program 2 correct answers.
A. Payment terms
B. Bank Determination
C. Payment blocks
D. Paying Company Codes
Answer: B D
Organizational Assignments and Process integration
4. In your SAP S/4 Hana system, you want to archive the GL Accounts that are not
used by the business in any company code What are the pre requisites to
archiving all data of a G/L Account ? 3 correct answers.
A. There are no transaction figures for the account
B. Set the deletion flag in the chart of accounts data of the G/L account
C. The blocked for posting indicator is set for the GL Account
D. Transaction figures are older than customizable amount of years
E. Set the deletion flag in the company code data of the G/l Account
Answer: C D E
General Ledger Accounting
5. When is it possible to set the open item management indicator in a general ledger
account 2 correct answers
A. When the account is set up as a balance sheet
B. when the account is set up reconciliation account
C. when an account is set up as a secondary cost element
D. when an account has a zero balance
Answer: A D
Asset Accounting
6. Which of the following should you consider when defining asset number ranges ?
2 correct answers.
A. Asset number ranges are defined at chart of depreciation level
B. Each asset number range must be assigned to a unique asset class
C. Each asset class can have either an internal or external number range
D. Asset number ranges are defined for assets classes and are company code specific
Answer: C D
Accounts Payable & Accounts Receivable
7. What dunning related data do you maintain on the business partner master
record? 2 correct Answers
A. Dunning Area
B. Dunning Key
C. Dunning Block
D. Dunning interval
Answer: A C
8. What does the document splitting functionality do ?

A. It enables the automatic creation of an additional posting document in case the
original document contains more than 999 line items
B. It enriches all relevant balance sheet account lines with the defined splitting
characteristics
C. It enriches all customer and vendors line items with defined splitting characteristics in
the relevant sub ledgers
D. It enables the automatic creation of additional posting documents for each defined
splitting characteristic
Answer: B
9. At what level is the bank master data stored in SAP S/4 HANA ?
A. At the company code level
B. At the financial management (FM) area level
C. At the client level
D. At the system level
Answer: C
Asset Accounting
10. Which elements define the integration of asset acquisitions with general ledger? 2
Correct answers
A. Asset class
B. Valuation Area
C. Depreciation keys
D. Depreciation Area
Answer: A D
Asset Accounting
11. How can you perform transfers of assets between company codes with different
charts of depreciation ?
A. Ensure the same depreciation areas are used in all charts of depreciation
B. enter depreciation area mapping during intercompany transfer posting
C. Define a global transfer variant and assign all the depreciation areas to it
D. Configure the cross- company depreciation areas in customizing
Answer: D
12. You have been asked to set up house banks as part of the implementation What
information do you need? 3 correct Answers
A. General ledger account
B. Bank control Key
C. Company Code
D. Payment Method
E. Bank Master data
Answer: A B E
13. Which prerequisites must be fulfilled to allow for negative postings of journal
entries ? 2 correct Answers
A. The posting key must allow negative postings
B. The company code must allow negative postings
C. The reversal accounts must be configured to allow negative postings
D. The reversal reason must be configured to allow negative postings
Answer: B D
14. How does the system perform the normal reversal of a journal entry?
A. It creates an inverse posting by decreasing the transaction figures
B. It creates the inverse posting of a cleared document before resetting it
C. It creates an inverse posting by increasing the transaction figures
D. It creates an inverse posting by resetting the transaction figures
Answer: C
15. Which business partner characteristic is mapped to the customer and supplier
account groups ?
A. Business partner Grouping
B. Business partner account grouping
C. Business partner role
D. Business partner type
Answer: A
16. In customizing at which level can you assign the print program to the
correspondence type ? 2 correct Answers
A. At client level
B. At company code level
C. At business partner level
D. At system level
Answer: B C
Overview and Deployment of SAP S/4 HANA
17. What are key reasons for preferring a new implementation of SAP S/4 HANA rather
than a system conversion from SAP ERP ? 2 correct Answers
A. You want to integrate the system into SAP Cloud Platform
B. You want to clean up your system and use SAP Best Pratices
C. You want to deploy SAP S/4 Hana Cloud
D. You want to use document splitting for the general ledger
Answer: B C
Financial Closing
18. After you collect data in the intercompany reconciliation tool, what are the next steps of
the reconciliation process
A. 1 Post the correction document
2 Store the data
3 Present reconciled and non - reconciled data
4 Communicate differences
B. 1 Store the data
2 Present reconciled and non - reconciled data
3 communicate differences
4 Post the correction documents
C. 1 Present reconciled and non reconciled data
2 Post the correction documents
3 Store the data
4 Communicate Differences
D. 1 Stored the data
2 Present reconciled and non - reconciled
3 Post correction documents
4 Communicate differences
Answer: D
Organizational Assignment and Process Integration
19. You Define custom currency type Z1 for your company code ? Which currency
type must be stored in the Data entry view ? 2 correct answers
A. Document currency
B. Custom currency type Z1
C. Hard currency
D. Company code currency
Answer: A D
20. What are the characteristics of a company in SAP S/4 HANA ? 2 correct answers
A. It is responsible for costs and revenues within an organization
B. It can be assigned to a company code
C. It represents separate areas of the operations within an organization
D. It is considered for consolidation
Answer: B D
21. Which Statement best describe a profit center ? 2 Correct Answers

A. It is an object for which separate balance sheet and P&L statement can be created,
Independently from segments being maintained or not
B. it is only object that can be uniformly derived using segments
C. It is an object for which separate balance sheet and P&L statement are created only
when used in conjunction with segments
D. it is the object from which segments can be uniformly derived
Answer: C D
Organizational Assignments and Process Integration
22. Which of the following statements best describe how customers down payments
are integrated with sales & Distribution (SD) ?
A. A Down payment request created is as an F1 noted item, which automatically
generates an SD Sale order
B. A Down payment request is created as an SD billing document , which automatically
posted in F1 as a noted item
C. A down payments request is created as an SD sales order, which is automatically
posted in F1 as a noted item
D. A down payment request is created as an F1 noted item, which automatically
generates an SD Billing document.
Answer: C
23. Which of the following steps do you typically perform during a payment run with
the automatic payment program ? 2 Correct Answers
A. Maintain open Item selection parameters
B. Rank bank accounts for payment
C. Review the payment proposal exception list
D. Define maximum amounts to be paid per supplier
Answer: A C
Financial Closing
24. You post a purchase order For which expenses does the system calculate
accruals ? 2 Correct Answers
A. Consulting Services
B. Fixed assets purchases
C. Raw material purchases
D. Insurance premiums
Answers: A D
Assets Accounting
25. You are responsible for implementing assets 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/4 HANA ?
A. Define depreciation area for each category of legacy assets
B. configure depreciation keys and calculation keys
C. Define classes and maintain their attributes
D. Define a Depreciation area to transfer all the legacy data
Answer: C
Assets Accounting
26. How do you identify an asset master record as an asset under construction ?
A. The asset belong to a specific asset class
B. The ordinary depreciation start date is empty
C. The depreciation key is empty
D. The asset Capitalization date is empty
Answer: A
27. You 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 simple document ? 2 Correct Answers
A. Users must be assigned to a tolerance group
B. Number range and document types must be maintained
C. The posting period variant must be created and assigned
D. Line item text templates must be maintained
Answer: B C
Financial Closing
28. You want to post journal entries in a special period which conditions must be met
? 2 Correct Answers
A. You must enter posting date in the last posting period
B. The special period must be open for posting in the period control
C. The last posting period must be open for posting in the period control
D. The balance carry- forward to the new fiscal year must have taken place
Answer: A B
29. On which levels can you maintain field status controls for business partners (BP)
? 2 Correct Answers
A. BP Role
B. Company code
C. BP Type
D. BP Category
Answer: A C
30. You Assign currency type 40 to your company code in ledger 0L. Which source
currency types can you select? 2 Correct Answers
A. Controlling area currency
B. Document currency
C. Group Currency
D. Company code currency
Answer: C D
Overview And Deployment of SAP S/4 HANA
31. You are a group cash manager interested in the north American business market
what are the personalization options available to you in SAP FIORI ? 2 Correct
Answers
A. You can adapt the launch pad color theme according to predefined values for the
cash report
B. you can create a tile group with all the apps required for your daily business for easy
access
C. You can create a tile you directly to the cash position of the North American business
Market
D. You can manage user access to relevant apps for the North American accounts
payable group that reports to you
Answer: C D
Asset Accounting
32. Which of the following are valid settlement receivers when you perform settlement
for an asset under construction on a line item basis ? 2 Correct Answers
A. Cost center
B. Profit center
C. Fixed asset
D. Functional Area
Answer: A C
Asset Accounting
33. You are starting the fiscal year - end process in Asset Accounting in SAP S/4
HANA What are the year-end closing program checks for Accounting ? 2 Correct
Answers
A. Depreciation is posted in full for all assets
B. The fixed asset fiscal year change is complete
C. Posting periods are closed for asset G/L accounts
D. Asset master data is complete and without errors
Answer: A D
34. What do you need to do to configure a new exchange rate type in SAP S/4 HANA ?
2 Correct Answers
A. Specify a purpose for the exchange rate type
B. Maintain exchange rates daily
C. Specify the company code currency as the base currency
D. Set up the relationship between currencies using transaction ratios
Answer: B D
35. What is the recommended Organizational unit for cost of sales accounting ?
A. Profit center
B. Functional area
C. Profitability Segment
D. Controlling Area
Answer: B
36. Which field can you change on a posted invoice ?

A. Special G/L indicator
B. Statistical internal order
C. Tax code
D. Baseline date
Answer: D
37. What items are NOT cleared by the automatic clearing program? 3 Correct
answers
A. Items with the value added tax
B. Items with withholding tax
C. Noted items
D. Items with sales and use of tax
E. Statistical postings
Answer: B C E
Financial Closing
38. Your SAP S/4 Hana system is integrated with controlling, you perform cost of
sales accounting and you report your profit and loss per profit center When
posting a supplier invoice to a primary cost account, which field is mandatory by
standard procedures ?
A. Profitability Segment
B. Business area
C. Functional area
D. Segment
Answer: C
39. What is shared between all deployment options for SAP S/4 HANA (Cloud, On -
Premise)? 3 Correct answers
A. Code Line
B. Upgrade intervals
C. User experience
D. Data Model
E. Configuration scope
Answer: B D E
Financial Closing
40. To use the SAP Financial Closing Cockpit, which steps are required? 3 Correct
answers
A. Create a template
B. Define task dependencies
C. Create task groups
D. Define the person responsible for tasks
E. Release the task list
Answer: A B E
General ledger Accounting
41. You want to configure the tax calculation procedures What are the main elements
you need to define ? 3 correct answers
A. Condition type
B. Account key
C. Tax Code
D. Sequence of steps
E. Tax category
Answer: A B D
Financial Closing
42. You want to configure the tax calculation procedures What are the main elements
you need to define ? 3 correct answers
A. Supplier reconciliation G/L account
B. Adjustment G/L account for foreign currency
C. Individual supplier accounts with special G/L indicator
D. Alternative reconciliation G/L account
Answer: B
43. Besides using the profit center, which options does general ledger accounting
with document spilitting provide to assign a segment to the posting line ? 2
Correct Answers
A. Definition of validation rules
B. Badl implementation (FAGL_DERIVE_SEGMENT)
C. Standard account assignment using constants
D. Assignment of default segments to G/L Accounts
Answer: B C
Assets Accounting
44. You are configuring asset related postings of depreciation areas in Asset
Accountings 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 APC immediately, Depreciation Periodically
B. Area posts in real time
C. Area does not post
D. Area posts depreciation only
Answer: D
45. You want to configure the default baseline date for the payment terms of an
incoming invoice from which date can you derive the baseline date ? 3 correct
answers
A. Document date
B. Value date
C. Posting date
D. Entry date
E. Goods receipt date
Answer: A C D
Financial closing
46. You must run the foreign currency valuation for both US GAAP and IFRS, which
leads to different values for the two different accounting principles How can you
set up in the system ?
A. Define two valuation areas and two extension ledgers with relevant links to
accounting principles
B. Define two valuation methods and assign the accounting principles to the new
valuation methods
C. Define two valuation areas and two principles with relevant links to ledgers
D. Define two valuation methods and assign the ledger groups to the new valuations
methods.
Answer: B
47. A general ledger account has a foreign currency setting of CAD, The company
code currency is USD, The controlling area currency is EUR Which currencies can
you post to this account ?
A. You can only post to the account in CAD and USD
B. You can only post to the account in CAD
C. You can post to the account in any currency and it will be converted into CAD
D. You can only post to the account in CAD, And EUR
Answer: B
48. Which of the following statements are valid for financial document number ranges
? 3 correct answers
A. Financial document numbers ranges defined at client level should NOT overlap
B. All financial document number ranges can contain numbers and/or letters
C. The same financial document number range can be assigned to several document
types
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
Answer: C D E
Asset accounting
49. What are the maintenance levels of screen layout rule for asset master data ? 3
Correct Answers
A. Group Asset
B. Asset class
C. Main asset number
D. Asset sub number
E. Depreciation area
Answer: B C D
50. Which parameter indicates that a line can only be dunned with restrictions ?
A. Dunning area
B. Group Key
C. Dunning Block Reason
D. Dunning key
Answer: D
Accounts payable & accounts Receivable
51. What can you control with the reason code in Accounts receivable ? 3 Correct
answers
A. The type of payment notice sent to a customer
B. The exclusion of disputed residual item from credit limit checks
C. The special G/L indicator for the down payment
D. The document type of the payment
E. The account were a residual item is posted
Answer: A B E
Financial Closing
52. What are the features of the Accural Engine in SAP S/4 HANA ? 2 correct answers
A. All accurals calculations must be reviewed and approved before posting
B. All currencies of the general ledger are supported
C. The fiscal year variant of the general Ledger is supported
D. Accural postings with a maximum of two line items are supported.
Answer: B C
53. What are some of the benefits of the data handling in SAP S/4 HANA ? 2 correct
answers
A. The data is available in real time at line item detail
B. The data is aggregated on the fly from any line item table
C. The data is constantly auto archieved to optimize memory usage
D. The data is summarized into higher levels of aggregates to help system performance
Answer: A B
54. You need to post customer invoices via interface from 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 can use internal or external number assignment
B. You can use internal or external number assignment, but it has to be continuous
C. You must use external number assignment
D. You must use internal number assignment
Answer: C
Financial Closing
55. What is the purpose of the period interval 3 when you define open and close
periods ?
A. Posting to special periods
B. Posting to special purpose ledger
C. Posting to the extension ledger
D. Posting from CO to FI
Answer: D
56. Which fields of a financial accounting document influence the automatic payment
program ? 3 Correct answers
A. Payment type
B. Terms of payment
C. Payment method
D. Baseline date
E. Payment transaction
Answer: B C D
Asset Accounting
57. How do you configure depreciation Area in SAP S/4 HANA ? 2 Correct Answers
A. Ensure all depreciation areas always post to the general ledger
B. Ensure a ledger group is assigned to each accounting principle
C. Assign depreciation area 01 to the leading ledger
D. Assign each accounting principle to a depreciation area
Answer: B D
58. Which of the following statements best describe a noted item? 2 correct answers
A. It updates the sub ledger and the general ledger
B. It can be accessed by the payment program
C. It has an automatic statistical offsetting entry
D. It can be used to remind the user about due payments
Answer: B D
59. What does the document type control ? 2 correct answers

A. Whether text is required on line item level
B. Which account types are allowed for posting
C. Whether negative postings are permitted
D. Which postings keys are allowed for postings
Answer: B C
Financial Closing
60. Which of the following is a technical year end closing activity in SAP S/ HANA ?
A. Accurals must be posted
B. Balance sheet adjustment must be posted
C. ledger balances must be carried forward
D. Foreign currency valuation must be posted
Answer: C
Asset Accounting
61. What is the difference between the ledger approach and the accounts approach to
parallel valuation in Asset accounting ?
A. In the accounts approach, you assign a separate set of accounts for each accounting
principle, unlike the ledger approach
B. In the ledger approach, you assign a ledger group to every depreciation area, unlike
the accounts approach
C. In the ledger approach, you maintain additional depreciation areas to post the delta
valuation of each accounting priciple, unlike the accounts approach
D. In the accounts approach, you define a technical clearing account for integrated
assets acquistitions, unlike the ledger approach
Answer: A
Asset Accounting
62. You are asked to explain how assets under construction work in SAPS S?4 HANA
What should you highlight? 2 Correct answers
A. It is possible to post special tax depreciation and investment support for assets under
construction
B. It is possible to use assets under construction with investment Management
C. It is possible to post credit memos, even after assets under construction are fully
capitalized
D. It is possible to calculate and post depreciation in the balance sheet depreciation
area for assets under construction
Answer: A C
63. Which steps are required to create a substitution in Financial Accounting ? 3

Correct Answers
A. Define the substitution ruler with its different steps using the formula editor
B. Select the correct call up point
C. Select activation level 2
D. Specify an authorization group
E. Assign the substitution rule to the controlling area
Answer: A B C
64. You want to define a validation for combination of general ledger account and cost
center for which call-up point do you define this validation ?
A. Complete document
B. Document line
C. Document header
D. Cost of sales accounting
Answer: B
65. For which special G/L Indicator do you specify a target special G/L indicator ?
A. Gurantee given
B. Bill of exchange
C. Customer down payment
D. Vendor down payment request
Answer: D
Financial Closing
66. 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 included in the calculation
B. The balance of the new account is added to the non - assignment section and is
included in the calculation
C. The balance of the new account is added to the non – assignment section and is
excluded from the calculation
D. The balance of the new account is added to the notes in the financial statement item
section and is excluded from the calculation
Answer: C
67. What do you define when configuring assets classes ? 3 Correct answers
A. Transactions types
B. Posting key
C. Screen layout rules
D. Account determination
E. Number ranges
Answer: C D E
68. You want to edit a dunning proposal Which actions can you perform ? 3 Correct
answers
A. Block an account
B. Lower the dunning level of an item
C. Change the document
D. Block a line item
E. Raise the dunning level of an account
Answer: A B D
69. How does the system determine the correspondence type of a payment Notice ?
A. According to the tolerance group, as long as all tolerance groups carry the same
correspondence type
B. According to the reason code, as long as all the reason codes carrying the sam e
correspondence type
C. According to the reason code, as long as all the tolerance groups carry the same
correspondence type
D. According to the tolerance group, as long as all the reason codes carry the same
correspondence type
Answer: C
Financial Closing
70. Which Statements best describe extension ledgers in SAP S/4 HANA ? 2 Correct
answers
A. Extension ledgers can be assigned their own fiscal year variant
B. Multiple extension ledgers can point to the same underlying ledger
C. Extension ledgers can have different currencies than the underlying ledger
D. Extension ledgers can be assigned their own posting period variant
Answer: B D
Asset Accounting
71. In your SAP S/4 HANA system, you report financial values for three separate
accounting principles, you post an acquisition for an asset that is capitalized in a
singe accounting principle. if you use the application to post integrated asset
acquisitions, how many documents will the system post ?
A. 3
B. 1
C. 2
D. 4
Answer: A
72. You are responsible for configuring document splitting What are some of the key
settings ? 2 correct answers
A. Document type
B. Document number range
C. Business transaction variant
D. Field status variant
Answer: A C
Asset Accounting
73. You are creating an asset master record by coping another asset, and you notice
that the inventory number is copied over Which setting do you use make on the
screen layout maintenance page to ensure the inventory number is NOT Copied
over when you create a new asset via copy ?
A. Remove the asset class indicator
B. Remove the sub number indicator
C. Remove the reference indicator
D. Remove the main asset indicator
Answer: C
74. You are running an international business and you want to set up separate legal
entities to run operations and perform accounting activities Which Organisation
unit do you need to create for each legal entity?
A. Business Area
B. Company code
C. Consolidation unit
D. Company
Answer: B
75. 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 account that is managed on an open item basis
C. For any G/L account defined as reconciliation account
D. For any balance sheet account managed on a line item basis
Answer: C D
76. Which parameters can you specify directly when you create a new
correspondence type? Note: There are 3 correct answers to this question
A. Reason code required
B. Number of date fields required
C. Company code required
D. Document number required
E. Account required
Answer: A C D
Organisational Assignments and Process Integration
77. 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 question
A. Prerequisite statement
B. Call up point
C. Check statement
D. Substitution values
Answer: A D
Overview and Deployment of SAP S/4HANA
78. What are some features of SAP HANA? Note: There are 2 correct answers to this
question
A. SAP HANA is built on a hierahical data model architecture
B. SAP HANA is optimised to work with aggregates and index tables
C. SAP HANA allows transactional and analytical processing from the same tables
D. SAP HANA is optimised to organise data using column stores
Answer: C D
Financial Closing
79. Which closing activities are performed for external reporting as per SAP best
practices? Note: There are 2 correct answers to this question
A. Regroup receivables and payables on the balance sheet
B. Run plan assessments cycles for profit centres
C. Update product cost estimates with standard prices
D. Perform valuations of open items in foreign currency
Answer: A D
80. How does SAP S/4HANA support the treatment of taxes?

A. It checks the tax codes and automatically updates the tax rates based on changes by
the tax authorities
B. It adjusts the tax codes and automatically updates the procedure
C. It posts the tax amount to tax accounts
Answer: C
Extra Question
1. How does an automatic intercompany asset transfer work?
A. It determines the relationship type automatically, using the company code.
B. It assumes that the transfer happens between two independent legal entities.
C. It does NOT allow a transfer to happen within a single legal entity.
D. It determines the relationship type automatically, using the company ID.
Answer: B
2. How can you create an asset under construction? Note: There are 2 correct
answers to this question.
A. Automatically, when setting capex costs from a WBS element
B. Automatically, when creating an investment measure
C. Automatically, when setting capex costs from an internal order
D. Manually (transaction AS01), using a specific asset class
Answer: B D
3. Which closing activities are performed for external reporting as per SAP best
practices? Note: There are 3 correct answers to this question.
A. Regroup receivables and payables on the balance sheet.
B. Perform a top-down distribution in margin analysis.
C. Run plan assessment cycles for profit centers.
D. Perform flat rate value adjustment for receivables.
E. Perform valuations of open items in foreign currency.
Answer: A D E
4. How can you define a matching method for intercompany reconciliation?
A. It must be defined as master data
B. It can be automatically determined by a user exit
C. It can be either define as master data or as configuration
D. It must be defined as configuration
Answer: A
5. Which characteristic maps the business partner to the customer and supplier
account groups?
A. Business partner role
B. Business partner grouping
C. Business partner view
D. Business partner account group
Answer: B
6. Which of the following closing activities is a so-called technical closing step?
A. Close the previous period in Materials Management (MM)
B. Perform valuations of open items in foreign currency
C. Process purchase order accounts
D. Perform asset depreciation run
Answer: A
7. What are prerequisites for the 3-way match to work in procurement
transactions? Note: There are 2 correct answers to this question.
A. Invoice receipt posted before the goods receipt
B. Invoice receipt posted in reference to the purchase order
C. Good receipt posted before the invoice receipt
D. Good receipt posted in reference to the purchase order
Answer: B D
8. The country that your company code operates in has defined a new VAT tax
rate percentage of 15%, which will become effective at the start of the next
fiscal year. You create the new VAT codes O5 and 15 to cover this requirement.
How can you ensure that users use the new tax codes when entering tax
relevant documents starting next year?
A. Enter the appropriate new VAT code in the tax category field of the relevant
expense and revenue G/L accounts after balance carry forward is done.
B. Create a substitution that changes the deprecated VAT code to the relevant new
one when entering documents with a posting date in the new year.
C. Create a validation that issues an error when the user uses a deprecated VAT
code entering documents with a posting date in the new year.
D. Enter the new tax codes as default for users who have authorization to post
general ledger transactions after balance carry forward is done.
Answer: B
9. You’d like the set up low value asset (LVA) management .What do you need to
do?
A. Define a base unit of measure for LVA in individual management.
B. Specify the maximum amount for LVA at two level: company code and chart of
depreciation.
C. Define two separate asset classes to manage LVA using individual or collective
management.
D. Specify the minimum amount for LVA at three levels: company code, depreciation
area and asset class.
Answer: C
10. What does the document type control? Note: There are 3 correct answers to
this question
A. Which account types are allowed for postings
B. Whether postings to special periods are permitted
C. Whether negative postings are permitted
D. Whether postings to secondary cost accounts are permitted
E. Which posting keys are allowed for postings
Answer: A C D
11. What archiving step must precede archiving a supplier invoice posted directly
to FI?
A. Archive data in CO
B. Perform compression run
C. Archive FI transaction figures
D. Archive accounts payable master data
Answer: C
12. Which information is part of the Bank Master Data?
A. Data Medium Exchange (DME) details
B. Control data
C. Address details
D. Information for electronic payment transactions
Answer: A B

C - TS4FI - 2021: Answer: A

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