C_TS4FI_2021 Learning Hub Assessment Questions

How SAP S/4HANA can be deployed to receive all software updates automatically? Choose the correct answer. On-premise. Cloud. Central Finance. Virtual.

On the SAP Fiori launchpad, users can choose personalization options. True. False.

Postings made in subledgers like Accounts Payable and Accounts Receivable are simultaneously recorded in the General Ledger. True. False.

More than one company code can be assigned to a controlling area. True. False.

To which chart of accounts must a company code be assigned in order for postings to occur?. Group. Country. Operating. None of the above. All of the above.

Reconciliation accounts can be posted to directly. True. False.

A posting key allows posting to just one account type. True. False.

When a transaction is posted in FI, it automatically appears in the ASSETS/LIABILITIES or PROFIT & LOSS area in the Balance Sheet/Income Statement. True. False.

Each business partner has to be assigned to a grouping when you create the business partner. True. False.

Which of the following accurately describes what is defined by the parameters for the payment program?. Company codes only. Vendors and documents only. Company codes, vendors, and documents.

When the proposal stage of the payment program has finished, you cannot make any changes to what SAP S/4HANA proposes to pay. True. False.

When a purchase order is created, a financial accounting document is also created. True. False.

In SAP S/4HANA, adjustments can be posted in special periods (such as periods 13-16) for year-end closing adjustments. True. False.

The general data section of the Business Partner master record must be created separately for every company code that does business with that customer. True. False.

When a short payment for an incoming payment is processed using the partial payment method, the invoice being partially paid is cleared and a new open item in the amount of the payment difference is created. True. False.

Miscellaneous invoices that do not pertain to a sales order can only be entered in the accounts receivable component using traditional SAP GUI transactions. True. False.

How can you tell whether a customer has been dunned?. You look in the correspondence section of the customer master record. You look at the line items details in the customer account. Both A and B. None of the above.

Choose the correct answer(s). With the transactional app Manage Dispute Cases, you can do the following: Search and filter dispute cases based on various criteria. View the details of a dispute case, such as text notes and linked invoices. Edit dispute case attributes, such as the processor. Add text notes to a dispute case. Add file attachments to a dispute case.

When a delivery is initially created, accounting transactions are automatically generated. True. False.

When a delivery is initially created, accounting transactions are automatically generated. True. False.

When the billing document is created in sales order management, an accounting document that debits the customer account and posts the revenue is automatically generated. True. False.

Each asset belongs to a company code. True. False.

A transaction type tells us where the posting is placed on the asset history report. True. False.

All house bank accounts are represented by G/L accounts in SAP. True. False.

Before the details of a bank can be entered in a business partner master record, that bank must exist in the bank directory. True. False.

When you enter a transaction in the "Cash Payments" tab page of the cash journal, you automatically debit the petty cash journal account?. True. False.

The Financial Closing cockpit allows you to organize your closing activities on various organizational levels. True. False.

Which of the following statements describe the function of Financial Accounting?. It records all financial accounting relevant transactions. It provides a detailed contribution margin calculation. It provides Balance Sheets and Profit & Loss Statements based on various accounting standards​. It analyzes cost variances and inefficiencies in the company.

Choose the correct answer. Which of the following statements about organizational units is correct?. Test. Test.

Which of the following statements about organizational units is correct?. A plant is always assigned directly to a controlling area. Only company codes within a country can be assigned to a controlling area. A company code can be assigned to several controlling areas. A sales organization must always be uniquely assigned to a company code.

To access the SAP Fiori Launchpad, you must download and install the SAP GUI client on your computer. True. False.

Choose the correct answer. Which chart of accounts do you use to meet a country's specific legal reporting requirements?. Operating Chart of Accounts. Country Chart of Accounts. Group Chart of Accounts. Consolidation Chart of Accounts.

The chart of accounts is a classification scheme consisting of G/L accounts. True. False.

Choose the correct answer(s). Which of the following G/L Account Master Data fields are defined in the Company Code segment?. good. nnn.

Choose the correct answer(s). Which of the following G/L Account Master Data fields are defined in the Company Code segment?. Account Currency. Account Type. Account Name - Translations. Open Items Management.

G/L accounts that have been defined as Secondary Costs accounts can be used for postings in both CO and FI. True. False.

A Profit Center master record can either be assigned to the Standard Hierarchy or to an Alternative Hierarchy. False. True.

Choose the correct answer. What has to be done in order to have a newly created G/L account appear at a specific place within the financial statement?. Assign the corresponding G/L Account Type Balance Sheet Account to the Financial Statement Version. Assign the corresponding G/L Account Group for Balance Sheet Accounts to the Financial Statement Version. Assign a new Financial Statement Version to the Chart of Accounts. Assign the corresponding G/L account to the Financial Statement Version.

A G/L account can be assigned to several Financial Statement Versions. True. False.

When creating an asset master record, how is the asset number assigned?. By the Company Code. By the Asset Class. By the Account Determination Key. By the Chart of Depreciation.

When the system posts depreciation, it creates separate documents for each asset. True. False.

Choose the correct answer(s). When viewing a Supplier in the MM Supplier Role, which of the following data field could be listed. There are two correct answers. Reconciliation Account. Payment Terms. Minimum Order Value. Dunning Procedure.

Choose the correct answer. When creating a Business Partner with the FI Customer role, which Organizational Level is used for the assignment. Company Code. Sales Organization. Sales Area.

A supplier invoice can be cleared with an incoming payment. True. False.

When posting an outgoing payment, the document is posted on the vendor account and is also posted as the clearing document. True. False.

A Goods Receipt creates both an Materials Management (MM) document and a Finance (FI) document. True. False.

A Purchase Order creates both a Materials Management (MM) document and a Finance (FI) document. True. False.

Which of the following items creates only a Sales and Distribution (SD) document. There are two correct answers. Payment Processing. Billing. Sales Order handling. Customer Inquiry. Goods Issue.