C_TS4FI_1511 Practice Test Exam Dumps 2019-converted

1
SAP
C_TS4FI_1511 fied Application Associate - SAP
S/4HANA for Financial Accounting Associates (SAP
S/4HANA
Questions Answers PDF For More
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Question 1

• True or False To integrate FI with Purchasing,
  you must assign the purchasing organization to
  the company code.
• True
• False

Answer B
Explanation When you dont assign the company
code to the purchasing organization, the system
uses the plant to derive the correct one.
Question 2

• If there is no entry or if a runtime value is
  empty, the system uses a minimum runtime of 999
  days. Determine whether this statement is true
  or false.
• Response
• True
• False

Answer B
Question 3

• What types of chart of accounts are there? (There
  are three correct answers.)
• Organizational chart of accounts
• Country chart of accounts
• Functional chart of accounts
• Operational chart of accounts
• Group chart of accounts

Answer B, D, E
Explanation The operational chart of accounts
and the country/local chart of accounts are
assigned to the company code. The group chart of
accounts is assigned to the operational chart of
accounts. The other two types dont exist. In
the certification exam, the exam writers cant
make up objects that arent actually in the
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system (they can use objects that exist but
arent taught in the courses as wrong selections
though), so this would be another rejected
question from a certification exam.
Question 4

• For which of the following can you park
  documents? Choose the correct answers.
• Response
• Customer accounts
• General ledger accounts
• Material accounts
• Sales invoices

Answer A,B
Question 5

• Which objects can define the maximum length of a
  G/L account? (There are two correct answers.)
• Chart of accounts
• Field status group
• Account type
• Account group

Answer A, D
Explanation In the definition of the chart of
accounts, you define the maximum length of the
accounts. In the account group, you define the
number range the number range by default also
controls the length of the field. Whichever is
shortest takes priority for the account length
definition.
Question 6

• What is the first step in the reconciliation
  process? Response
• Communicate differences
• Collect data from different companies
• Present reconciled and non-reconciled data

Answer B
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Question 7

• True or False With the block indicator set on
  the chart of accounts, you can no longer perform
  postings to the company codes assigned.
• True
• False

Answer B
Explanation The indicator blocks the accounts in
the chart of accounts from being assigned to a
company code. This wont affect accounts already
assigned before this indicator was set and wont
stop you from posting to the accounts of the
chart of accounts.
Question 8

• Identify the callup points that have been
  provided for Financial Accounting (FI). Choose
  the correct answers.
• Response
• Document header
• Controlling area
• Document line
• Organizational unit

Answer A,C
Question 9

• Which fields in the company code definition of a
  G/L account are always required? (There are two
  correct answers.)
• Sort Key
• Account Currency
• Field Status Group
• Group Account

Answer B, C
Explanation
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The account currency and the field status group
always need to be defined to create an account.
These cant be affected by the field status
definition of the account group. The group
account is defined on the chart of accounts
level, and its indeed a required field when a
group chart of account is assigned to the
operational chart of accounts. The sort key isnt
a required field, but its of course very useful,
and filling it in is very much recommended to
help with reporting on line items.
Question 10

• When procurement transactions are posted, which
  of the following steps is exclusively carried out
  in Materials Management?
• Choose the correct answer. Response
• Creation of purchase order
• Goods receipt
• Invoice receipt

Answer A
Question 11

• When creating a G/L account and there are
  conflicting field statuses, which field status
  has the highest priority?
• Display
• Optional
• Suppress
• Required

Answer C
Explanation The Suppress field status has
highest priority in this case. The priority in
detail is Suppress, Display, Required, Optional.
Question 12
The variant principle is used in SAP S/4HANA to
assign particular properties to one or more
objects. How many steps does the variant
principle have? Response A. 1
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1. 3
2. 4
3. 5

Answer B
Question 13

• What is the secondary cost G/L account type used
  for?
• To post to two cost controlling account
  assignments at the same time
• To post activities that arent from the main
  businesses of the company
• To post internal cost allocations in management
  accounting
• To post cost controlling account assignments
  statistically for fixed asset and material
  accounts

Answer C
Explanation You use secondary cost accounts to
post transfer postings in CO. Among all secondary
cost accounts, the balance is always zero for a
company code because you can only debit a
secondary account by crediting a secondary G/L
account. Secondary cost G/L accounts are new with
SAP S/4HANA. In the traditional SAP ERP system,
you defined secondary cost elements (the SAP
S/4HANA system does this is as well via tables in
the background).
Question 14

• Which of the following original Management
  Accounting objects can you assign in the asset
  master record?
• Choose the correct answers. Response
• Activity type
• Cost element
• Order
• Cost center

Answer A,C,D
Question 15
True or False If you maintain a single value for
the retained earnings account, then for any PL
G/L account you create, the PL statement
account type is assigned automatically.
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1. True
2. False

Answer A
Explanation You only need to define the retained
earnings account manually if youve defined more
than one retained earnings accounts. In this
case, however, automatic assignment is no longer
possible, and you always have to input the
correct type manually.
Question 16

• In an asset main number in Asset Accounting,
  which information can be different between
  international GAAP and local GAAP?
• There are 2 correct answers to this question.
  Response
• Capitalization date
• Net book value
• Asset class
• Deprecation start date

Answer B,D
Question 17

• What is the relationship between accounts of the
  operating chart of accounts and the local chart
  of accounts?
• One operating account to many local accounts
• Many operating accounts to one local account
• Many operating accounts to many local accounts
• One operating account to one local account

Answer D
Explanation In this case, the relationship is
one to one. When you assign a local chart of
accounts in the company code, you can only
assign a local account to a single account of the
operational chart of accounts.
Question 18
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• What sort of special general ledger types exist?
  Choose the correct answers.
• Response
• Noted items
• Final payments
• Automatic offsetting entries (statistical)
• Free offsetting entries
• Other types

Answer A,C,D
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