Free SAP (C_TS4FI_2020) Certification Sample Questions with Online Practice Test
C_TS4FI_2020 Certification Study Guide Pass C_TS4FI_2020 Fast
SAP C-TS4FI-2020 certification exam is essential for those aiming to accelerate their career growth path and take on leadership roles in financial accounting. SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2020) certification validates the candidates' mastery of the most modern and advanced financial accounting solution in the market, making them stand out in the competitive job market. Moreover, the certification is globally recognized and respected, making it an excellent investment for professionals seeking opportunities in a dynamic and diverse global market.
NEW QUESTION # 11
Which of the following components make up an archiving object? Choose the correct answers.
- A. Customizing settings
- B. Programs
- C. Data declaration part
- D. Variables
Answer: A,B,C
NEW QUESTION # 12
You define the type of custom currency Z1 for your company code. What types of currency should be stored in the Data Entry view? There are 2 correct answers to this question.
- A. Object currency.
- B. Custom currency type
- C. Company code currency
- D. Document currency
Answer: C,D
NEW QUESTION # 13
You want to make the Reference Document Number field required for entry. Which object controls this setting? Please choose the correct answer.
- A. Document reference key
- B. Document field status
- C. Document type
- D. Document posting key
Answer: C
NEW QUESTION # 14
What is the purpose of the group account number in General Ledger account master data maintenance?
Response:
- A. It acts as the key to identify the balance sheet and profit-and-loss accounts in the financial statement version.
- B. it is used for cross-company-code reporting if the company codes use different charts of account.
- C. It determines the fields in the entry screen when you create or update a master record in the company code
- D. It defaults the number interval that is applied for the G/L account number in the company code.
Answer: B
NEW QUESTION # 15
How many intervals are defined for the foreign currency valuation run ID per client? Choose the correct answer.
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION # 16
What is the purpose of the chart of depreciation?
- A. The chart of depreciation defines the asset classes for which you can create fixed assets
- B. The chart of depreciation manages country-specific legal valuation of fixed assets
- C. The chart of depreciation is a reporting tool that structures your assets for hierarchical reporting.
- D. The chart of depreciation substitutes the operational chart of accounts in asset-related postings.
Answer: B
NEW QUESTION # 17
Which data model is used for SAP S/4HANA?
- A. Online transactional processing (OLTP) and online analytical processing (OLAP) both running on a single system.
- B. Online transactional processing (OLTP) for on-premise deployments and online analytical processing (OLAP)for Cloud deployments.
- C. Online transactional processing (OLTP) and online analytical processing (OLAP) each using data from separate tables.
- D. Online analytical processing (OLAP) that is based on aggregated tables and indexes.
Answer: A
NEW QUESTION # 18
What are the features of the Accrual Engine in SAP S/4HANA? Note: There are 2 correct answers to this question.
- A. Accrual postings with a maximum of two line items are supported.
- B. All accrual calculations must be reviewed and approved before posting
- C. The fiscal year variant of the general ledger is supported.
- D. All currencies of the general ledger are supported.
Answer: C,D
NEW QUESTION # 19
What are some features of SAP HANA?
Note: There are 2 correct answers to this question.
- A. SAP HANA is optimized to work with aggregates and index tables.
- B. SAP HANA is optimized to organize data using column stores.
- C. SAP HANA is built on a hierarchical data model architecture.
- D. SAP HANA allows transactional and analytical processing off the same tables.
Answer: B,D
NEW QUESTION # 20
Which objects can be posted to by more than one company code? There are 3 correct answers to this question.
- A. Depreciation start date
- B. Variable depreciation portion
- C. Useful life (year or period)
- D. Depreciation key
Answer: B,C,D
NEW QUESTION # 21
What are the maintenance levels of a screen layout rule for asset classes? Please choose the correct answer.
- A. Asset class, main asset number, sub number
- B. Depreciation area, asset class, main asset number, sub number
- C. Main asset number, sub number, depreciation area
- D. Asset class, depreciation area, main asset number, group asset
Answer: A
NEW QUESTION # 22
What are the results when you post an outgoing partial payment? There are 2 correct answers to this question.
- A. A payment block is set on the invoice.
- B. A payment is created with reference to the invoice.
- C. The initial invoice remains open.
- D. The initial invoice is cleared.
Answer: B,C
NEW QUESTION # 23
Which edition of SAP S / 4HANA did the universal magazine present? Please choose the correct answer.
- A. SAP S / 4HANA Finance 1503
- B. SAP S/4HANA1511
- C. SAP Business Suite powered by SAP HANA
- D. SAP S / 4HANA Cloud
Answer: A
NEW QUESTION # 24
Your SAP S/4HANA 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. Cost Center
- B. Segment
- C. Functional Area
- D. Business Area
Answer: B
NEW QUESTION # 25
What do you define in payment terms?
Note: There are 2 correct answers to this question.
- A. Cash discount
- B. Due date specification
- C. Tolerance days
- D. Posting key
Answer: A,B
NEW QUESTION # 26
Which of the following options are included in the Asset Explorer? Choose the correct answers. (3)
- A. Drill down to reports.
- B. Drill down to Financial Accounting (Fl) document.
- C. Post documents.
- D. Display depreciation calculation.
Answer: A,B,D
NEW QUESTION # 27
For which special G L indicator do you specify a target special GL indicator?
- A. Guarantee given
- B. Vendor down payment request
- C. Bill of exchange
- D. Customer down payment
Answer: B
NEW QUESTION # 28
You are starting the fiscal year-end process in Asset Accounting in SAP S/4HANA.
What are the year-end closing program checks for Asset Accounting?
Note: There are 2 correct answers to this question.
- A. Fixed asset fiscal year change is complete.
- B. Depreciation is posted in full
- C. Assets are complete and error free.
- D. General ledger and subledgers are closed.
Answer: B,C
NEW QUESTION # 29
For which type of account is the line item display generally active? Choose the correct answer.
- A. Vendor account
- B. Special general ledger account
- C. Reconciliation account
- D. Customer account
Answer: C
NEW QUESTION # 30
Cleared items contain which of the following pieces of information? Choose the correct answers. (2)
- A. Clearing document number
- B. Due date
- C. Archival information
- D. Clearing date
Answer: A,D
NEW QUESTION # 31
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 areas and two accounting principles with relevant links to ledgers.
- B. Define a valuation area and extension ledger to link with the new valuation area.
- C. Define two valuation methods and assign the accounting principles to the new valuation methods.
- D. Define a valuation area and ledger group for two ledgers to ink with the new valuation area.
Answer: C
NEW QUESTION # 32
Which of the following can you use for multiple programs with variants that are to be processed automatically? Choose the correct answer.
- A. Task list template
- B. Flow definition
- C. Online transactions
- D. Remote tasks
Answer: B
NEW QUESTION # 33
You are asked to explain the assets under construction functionality in SAP S/4HANA.
What should you highlight? There are 2 correct answers to this question.
- A. It is possible to calculate and post depreciation in the balance sheet depreciation area for assets under construction.
- B. It is possible to post special tax depreciation and investment support for assets under construction.
- C. It is possible to post credit memos, even after assets under construction are fully capitalized.
- D. It is impossible to use assets under construction with Investment Management.
Answer: B,C
NEW QUESTION # 34
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