[Dec-2021] C_TS4FI_2020 Braindumps – C_TS4FI_2020 Questions to Get Better Grades
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SAP S/4HANA Financial Accounting Certification Exam Details:
| Exam Name | SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2020) SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 1909) |
| Exam Code | C_TS4FI_2020 |
| Duration | 180 mins |
| Sample Questions | SAP S/4HANA Financial Accounting Certification Sample Questions |
| Exam Price | $550 (USD) |
| Passing Score | C_TS4FI_2020 - 59% C_TS4FI_1900 - 57% |
| Reference Books | TS4F02 (SAP S/4HANA 2020) TS4F01 (SAP S/4HANA 2020) TS4F02 (SAP S/4HANA 1909) TS4F01 (SAP S/4HANA 1909) |
| Number of Questions | 80 |
| Schedule Exam | SAP Training |
| Level | Associate |
NEW QUESTION 10
Which of the following standard correspondence types can you use to exchange information with customers and suppliers?
There are 2 correct answers to this question.
Response:
- A. Payment notices
- B. Invoices
- C. Bill of exchange charges statements
- D. Dunning letters
Answer: A,D
NEW QUESTION 11
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 excluded from the calculation.
- B. The balance of the new account is added to the notes in the financial statement item section and is included in 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 12
When you create multiple similar asset master records, which of the following fields allow you to make separate entries for each individual asset?
There are 3 correct answers to this question.
Response:
- A. Cost center
- B. Description of the asset
- C. Inventory number
- D. License plate number
Answer: A,B,C
NEW QUESTION 13
Which of the following is the first step in the variant principle?
Please choose the correct answer.
Response:
- A. Determine values for the variant
- B. Create multiple variants
- C. Assign the variant to the objects
- D. Define variant
Answer: D
NEW QUESTION 14
What is the purpose of period interval 3 when you define open and closed periods?
Please choose the correct answer.
Response:
- A. It is used for posting from CO to FI.
- B. It is used for the authorization object for posting periods.
- C. It is used for period lock in special purpose ledger.
- D. It is used for special period posting.
Answer: A
NEW QUESTION 15
On which levels can you maintain field status controls for business partners (BP)?
There are 3 correct answers to this question.
Response:
- A. Client
- B. BP type
- C. Company code
- D. BP category
- E. BP role
Answer: A,B,E
NEW QUESTION 16
What are the results when you post an outgoing partial payment?
Note_ There are 2 correct answers to this question.
Response:
- A. The initial invoice remains open.
- B. A payment is created with reference to the invoice.
- C. A payment block is set on the invoice.
- D. The initial invoice is cleared.
Answer: A,B
NEW QUESTION 17
Which closing activities are used in external reporting as per SAP best practices?
There are 2 correct answers to this question.
Response:
- A. Execute the plan cost center assessment cycle.
- B. Reclassify receivables and payables.
- C. Perform valuations of open items in foreign currency.
- D. Update product cost estimates.
Answer: B,C
NEW QUESTION 18
What do you need to do to configure a new exchange rate type in SAP S/4HANA?
There are 2 correct answers to this question.
Response:
- A. Specify the direct or indirect quotation.
- B. Specify a purpose for the exchange rate type.
- C. Set up the relationship between currencies using translation ratios.
- D. Maintain exchange rates daily.
Answer: B,C
NEW QUESTION 19
Which entries do you define when maintaining a G/L account?
There are 3 correct answers to this question.
Response:
- A. Ledger assignment
- B. Account group
- C. Account Type
- D. Field status group
- E. Profit center
Answer: B,C,D
NEW QUESTION 20
What does the document type control?
There are 2 correct answers to this question.
Response:
- A. Whether negative postings are permitted
- B. Whether exchange rate difference is permitted
- C. Which account types are allowed for postings
- D. Which posting keys are allowed for postings
Answer: A,C
NEW QUESTION 21
What is the difference between the ledger approach and the accounts approach to parallel valuation in Asset Accounting?
Please choose the correct answer.
Response:
- A. In the ledger approach, you assign a ledger group to every depreciation area, unlike the accounts approach.
- B. In the ledger approach, you maintain additional depreciation areas to post the delta valuation of each accounting principle, unlike the accounts approach.
- C. In the accounts approach, you define a technical clearing account for integrated asset acquisitions, unlike the ledger approach.
- D. In the accounts approach, you assign a completely separate set of accounts for each accounting principle, unlike the ledger approach.
Answer: D
NEW QUESTION 22
At what level is the bank master data stored in SAP S/4HANA?
- A. Atcompany code level
- B. At company level
- C. At client level
- D. At controlling area level
Answer: C
NEW QUESTION 23
Your customer wants to use data aging for the universal journal. Which criteria can you use to decide which data is moved to the historical partition?
There are 2 correct answers to this question.
Response:
- A. Company code
- B. Document type
- C. Account type
- D. Ledger
Answer: B,C
NEW QUESTION 24
What is controlled by the terms of payment?
There are 3 correct answers to this question.
Response:
- A. Account for cash discount received
- B. Determination of the baseline date
- C. Setting for net procedure
- D. Allowed account type
- E. Default payment method
Answer: B,D,E
NEW QUESTION 25
You want to define a validation for the combination of general ledger account and cost center. For which call-up point do you define this validation?
Please choose the correct answer.
Response:
- A. Cost of sales accounting
- B. Document header
- C. Document line
- D. Complete document
Answer: C
NEW QUESTION 26
Which currency valuation program is replaced by FAGL_FCV?
Please choose the correct answer.
Response:
- A. SAPF130K
- B. SAPF100
- C. FAGL_VALUATION
- D. FAGL_FC_VALUATION
Answer: D
NEW QUESTION 27
Which of the following special G/L transactions are noted items?
Note: There are 2 correct answers to this question.
Response:
- A. Guarantee of payment
- B. Bill of exchange payment request
- C. Down payment request
- D. Down payment
Answer: B,C
NEW QUESTION 28
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.
Response:
- A. It is possible to post special tax depreciation and investment support for assets under construction.
- B. It is possible to post credit memos, even after assets under construction are fully capitalized.
- C. It is possible to calculate and post depreciation in the balance sheet depreciation area for assets under construction.
- D. It is impossible to use assets under construction with Investment Management.
Answer: A,B
NEW QUESTION 29
Which items can you clear with the automatic clearing program?
Response:
- A. Statistical postings
- B. Bank transaction items
- C. Items with withholding tax entries
- D. Noted items
Answer: B
NEW QUESTION 30
Which of the following can you use for multiple programs with variants that are to be processed automatically?
Please choose the correct answer.
Response:
- A. Flow definition
- B. Remote tasks
- C. Online transactions
- D. Task list template
Answer: A
NEW QUESTION 31
Identify the steps performed during the general ledger closing operations for the fiscal year.
There are 3 correct answers to this question.
Response:
- A. Foreign currency documents are valuated.
- B. Accruals are carried out.
- C. The balance carry forward program is run.
- D. Vendor invoices are posted.
Answer: A,B,C
NEW QUESTION 32
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SAP C_TS4FI_2020 Exam Description:
The "SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2020)" certification exam verifies that the candidate possesses fundamental knowledge and proven skills in the area of SAP S/4HANA Financial Accounting. It tests that the candidate has a good overall understanding within this consultant profile and can implement this knowledge practically in projects under the guidance of an experienced consultant. It is recommended as an entry-level qualification to allow consultants to get acquainted within Financial Accounting projects. This certificate is the ideal starting point for a professional career as a Financial Accounting consultant on SAP S/4HANA. If experience in SAP implementation projects of Financial Accounting are added over years, a professional career can be validated by taking a second exam: "SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Financials experts".
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