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Latest C_TS4FI_2021 Exam Practice Questions

The practice questions for C_TS4FI_2021 exam was last updated on 2025-06-01 .

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Question#1

Which of the following steps do you typically perform during a payment run with the automatic payment program? Note: There are 2 correct answers to this questions.

A. Define maximum amounts to be paid per supplier.

B. Review the payment proposal exception list.

C. Maintain open item selection parameters.

D. Rank bank accounts for payment.

Question#2

You 'd like to set up low values asset (LVA) management.
What do you need to do?

A. Define two separate asset classes to manage LVA using individual or collective management

B. Specify the minimum amount for LVA at three levels: company code, depreciation area and asset class

C. Specify the minimum amount for LVA at two levels: company code and chart of depreciation

D. Define a base unit for measure for LVA in individual management

Question#3

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

Question#4

A general ledger account is defined with the account type "Nonoperating Expense or Income"
Where can this account be used?

A. Profit and loss account that is used in margin analysis

B. Profit and loss account that is used in margin analysis and profit center accounting

C. Profit and loss account that is used in overhead management accounting

D. Profit and loss account that is used in profit center accounting

Question#5

Which statements best describe a profit center? Note: There are 2 correct answers to this questions.

A. It is an object for which separate balance sheet and P&L statements can be created, whether segments are being maintained or not.

B. It is the only object from which segments can be uniformly derived.

C. It is an object for which separate balance sheet and P&L statements are ,created only when used in conjunction segments.

D. It is the only object that can be uniformly derived using segments.

Exam Code: C_TS4FI_2021Q & A: 80 Q&AsUpdated: 2025-06-01

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