Free SAP Certified Application Associate C_TS4FI_2020 Ultimate Study Guide (Updated 278 Questions)
Get to the Top with C_TS4FI_2020 Practice Exam Questions
SAP S/4HANA Financial Accounting Certification Exam Topics:
| Topic Areas | Topic Details, Courses, Books | Weighting |
|---|---|---|
| Asset Accounting | Create and maintain charts of depreciation and the depreciation areas, asset classes, asset master data, and configure and perform FI-AA business processes in the SAP system. Set up valuation and depreciation, perform periodic and year-end closing processes, and explain and configure parallel accounting. TS4F02 (SAP S/4HANA 2020) | > 12% |
| Organizational Assignments and Process Integration | Manage Organizational Units, currencies, configure Validations and Document Types, utilize Reporting Tools, configure Substitutions, and manage Number ranges. TS4F01 (SAP S/4HANA 2020) | > 12% |
| General Ledger Accounting | Create and maintain general ledger accounts, exchange rates, bank master data and define house banks. Create and reverse general ledger transfer postings, post cross-company code transactions, create profit centers and segments. Clear an account and define and use a chart of accounts. Maintain tolerances, tax codes, and post documents with document splitting. TS4F01 (SAP S/4HANA 2020) | > 12% |
| Accounts Payable & Accounts Receivable | Create and maintain business partners, post invoices and payments and use special g/l transactions, reverse invoices and payments, block open invoices for payment, configure the payment program, and manage partial payments. Define the customizing settings for the Payment Medium Workbench, use the debit balance check for handling payments, define terms of payment and payment types, explain the connection of customers to vendors, describe integration with procurement and sales. TS4F01 (SAP S/4HANA 2020) | > 12% |
| Financial Closing | Perform month and year-end closing in Financial Accounting (exchange rate valuation, post provisions etc.), create balance sheet, create profit and loss statements, monitor closing operations using the Financial Closing Cockpit, manage accruals, and manage posting periods. TS4F02 (SAP S/4HANA 2020) | > 12% |
NEW QUESTION 36
You are posting an incoming payment against an invoice. Which document values does the user tolerance group control? There are 2 correct answers to this question.
- A. The cash discount percentage allowed for the complete document
- B. The cash discount amount (absolute value) allowed for a line item
- C. The total amount (sum of all line items) allowed to be posted
- D. The payment amount allowed for each customer open item
Answer: B,C
NEW QUESTION 37
For which of the following can you park documents? Choose the correct answers. (2)
- A. Sales invoices
- B. Customer accounts
- C. General ledger accounts
- D. Material accounts
Answer: B,C
NEW QUESTION 38
What is the purpose of the group account number in General Ledger account master data maintenance?
Response:
- A. It defaults the number interval that is applied for the G/L account number in the company code.
- B. it is used for cross-company-code reporting if the company codes use different charts of account.
- C. It acts as the key to identify the balance sheet and profit-and-loss accounts in the financial statement version.
- D. It determines the fields in the entry screen when you create or update a master record in the company code
Answer: B
NEW QUESTION 39
You forgot to add a new general ledger account into the financial statement version. What impact does this have on the net profit and net loss?
Please choose the correct answer.
Response:
- A. The balance of the new account is added to the notes in the financial statement item section and is included in the calculation.
- B. The balance of the new account is added to the notes in the financial statement item section and is excluded from the calculation.
- C. The balance of the new account is added to the non-assigned section and is excluded from the calculation.
- D. The balance of the new account is added to the non-assigned section and is included in the calculation.
Answer: C
NEW QUESTION 40
What are the features of the Accrual Engine in SAP S/4 HANA? There are 2 correct answers to this question.
- A. Complex postings with more than two line items are NOT possible.
- B. The Fl reversal is NOT supported.
- C. All currencies of general ledger are supported.
- D. The fiscal year variant of the general ledger is supported.
Answer: C,D
NEW QUESTION 41
Which of the following currency types can you set in customizing activity "define setting for ledgers and currency type"?
There are 2 correct answers to this question.
Response:
- A. Group currency
- B. Local currency
- C. Transaction currency
- D. Material ledger currency
Answer: A,B
NEW QUESTION 42
You need to use foreign currency valuation in the ledger solution. Which objects must you define in Customizing? There are 3 correct answers to this question.
- A. Simulation extension ledger
- B. Accounting principles
- C. Valuation areas
- D. Account determinations
- E. Value adjustment keys
Answer: B,C,D
NEW QUESTION 43
What is the name of the leading ledger that SAP provides with the standard system?
Please choose the correct answer.
Response:
- A. 1L
- B. 3L
- C. 2L
- D. OL
Answer: D
NEW QUESTION 44
How can you perform transfers of assets between company codes with different charts of depreciation? Please choose the correct answer.
- A. Enter depreciation area mapping during intercompany transfer posting.
- B. Configure the cross-company depreciation areas in customizing.
- C. Correct depreciation area assignment in the asset master record after posting.
- D. Assign the group chart of depreciation to the relevant fixed assets.
Answer: B
NEW QUESTION 45
A document has several line items, with different reason codes entered. For the automatic payment, which correspondence type does the system choose?
Choose the correct answer.
Response:
- A. The system prompts for the user to assign one
- B. The one assigned to the tolerance group
- C. The one in the line item with the largest amount
- D. The one in the first line item
Answer: B
NEW QUESTION 46
You configured Asset Accounting for your company code with three depreciation areas that post in real time and corresponding depreciation areas to track group currency values.
When you post an external acquisition, how many documents are created?
Response:
- A. 0
- B. 1
- C. 2
- D. 3
Answer: D
NEW QUESTION 47
The SAP HANA database relies on which of the following technologies for storing data? There are three correct answers
- A. Columnar store
- B. Indexing
- C. Aggregation
- D. In-memory
- E. Compression
Answer: A,D,E
NEW QUESTION 48
When you post a manual incoming payment, which parameters are valid for all payment documents? Note: There are 2 correct answers to this question.
- A. Tolerance group
- B. Journal entry type
- C. Bank account
- D. Residual item
Answer: B,C
NEW QUESTION 49
How many posting period intervals in SAP S/4HANA are used for postings of Financial Accounting (FI) and Controlling (CO)?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION 50
For which special G/L indicator do you specify a target special G/L indicator?
Please choose the correct answer.
Response:
- A. Bill of exchange
- B. Guarantee given
- C. Vendor down payment request
- D. Customer down payment
Answer: C
NEW QUESTION 51
Which of the following components make up an archiving object?
There are 3 correct answers to this question.
Response:
- A. Variables
- B. Data declaration part
- C. Programs
- D. Customizing settings
Answer: B,C,D
NEW QUESTION 52
Identify the reasons for archiving dat
a. Choose the correct answers. (3)
- A. Using data as a backup.
- B. Reducing the system downtime when carrying out software upgrades, recoveries, and (offline) database backups.
- C. Improving response times and ensuring good response times.
- D. Lowering the effort involved in database administration.
Answer: B,C,D
NEW QUESTION 53
What is the first step in the reconciliation process? Choose the correct answer.
- A. Present reconciled and non-reconciled data
- B. Collect data from different companies
- C. Communicate differences
Answer: A
NEW QUESTION 54
Which statement best describes the normal reversals functionality?
- A. Executes an inverse posting by resetting the transaction figures.
- B. Executes the inverse posting by increasing the transaction figures.
- C. Executes a transfer posting by resetting the transaction figures.
- D. Executes the inverse posting of a cleared document before resetting it.
Answer: B
NEW QUESTION 55
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