Free SAP C_TS4FI_2021 Practice Test & Real Exam Questions

Exam Code/Number: C_TS4FI_2021
Exam Name/Title: SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021)
Certification Provider: SAP
Corresponding Certification: SAP Certified Application Associate

Exam Questions: 83
Updated On: Jun 19, 2026

Question #1

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. Company Code

B. Company

C. Consolidation unit

D. Segment

Discussion 0

Correct Answer: A Vote an answer

Question #2

Your SAP S4/HANA system is integrated with controlling, You perform cost-of-sales accounting and you profit and loss per profit center.
When posting a supplier invoice to a primary cost account, wich field is mandatory by standard procedures?

A. Profitability segment

B. Functional area

C. Segment

D. Business area

Discussion 0

Correct Answer: D Vote an answer

Question #3

Besides using the profit center, which options does General Ledger Accounting with document splitting provide to assign a segment to the posting lines?
Note: There are 2 correct answers to this questions.

A. Assignment of default segments to G/L accounts

B. BADI implementation (FAGL_DERIVE_SEGMENT)

C. Standard account assignment, using constants

D. Definition of validation rules

Discussion 0

Correct Answer: A,B Vote an answer

Question #4

Which statement best describe extension ledgers in SAP S/4HANA?
Note: There are 2 correct answers to this questions.

A. Extension ledgers can have different currencies than the underlying ledger

B. Multiple extension ledgers can point to the same underlying ledger

C. Extension ledgers can be assigned their own fiscal year variant

D. Extension ledgers can be assigned their own posting period variant

Discussion 0

Correct Answer: B,D Vote an answer

Question #5

Which of the following is technical year-end closing activity in SAP S4/HANA?

A. Accruals must be posted

B. Balance sheet adjustments must be posted

C. Ledger balances must be carried forward

D. Foreign currency valuation must be posted

Discussion 0

Correct Answer: C Vote an answer

Question #6

Which steps are required to create a substitution in Financial Accounting?
Note: There are 3 correct answers to this questions.

A. Define the substitution rule with its different steps using the formula editor.

B. Select the correct call-up point.

C. Select Activation Level 2.

D. Assign the substitution rule to the controlling area.

E. Specify an authorization group.

Discussion 0

Correct Answer: A,C,E Vote an answer

Question #7

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 this up in the system?

A. Define two valuation area and assign and two accounting principles with relevant links to ledgers

B. Define two valuation methods and assign the accounting principles to the new valuation methods

C. Define two valuation methods and assign the ledger groups to the new valuation methods

D. Define two valuation area and assign and two extension ledgers with relevant links to accounting principles

Discussion 0

Correct Answer: B Vote an answer

Question #8

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. Bank master data

B. Company code

C. Bank control key

D. Payment method

E. General ledger account

Discussion 0

Correct Answer: A,B,E Vote an answer

Question #9

How does an automatic intercompany asset transfer work?

A. determines the relationship type automatically, using the company ID

B. It determines the relationship type automatically, using the company code

C. It does NOT allow a transfer to happen within a single legal entity

D. It assumes that the transfer happens between two independent legal entities

Discussion 0

Correct Answer: D Vote an answer

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