SAP S/4HANA for Financial Accounting Associates Certification C_TS4FI_2020 Practice Exam Questions

Regina2021-09-25T03:19:45+00:00

SAP Certified Application Associate – SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2020) certification exam is the ideal starting point for a professional career as a Financial Accounting consultant on SAP S/4HANA. To complete C_TS4FI_2020 exam to achieve this certification, we have released SAP certification C_TS4FI_2020 exam questions to help you practice SAP C_TS4FI_2020 exam well. We have verified that C_TS4FI_2020 practice exam questions should be the best online resource for passing.

SAP certification C_TS4FI_2020 free exam questions are below for checking:

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1. Identify the three types of tolerances in accounting. Choose the correct answers. 3

Employee tolerance groups

Special account tolerance groups

G/L account tolerance groups

Customer/vendor tolerance groups

2. What do you configure to allow cross-company-code transactions? Note- There are 2 correct answers to this question.

Clearing accounts

Account types

Special G/L indicator

Posting keys

3. What field can you change on a posted invoice?

Tax code

Special G / L indicator

Cost center

Payment terms.

4. In your system, you currently perform manual outgoing payments and you want to use the automatic payment program.

Which settings must you maintain as part of the configuration of the automatic payment program?

Bank determination

Special G/L indicators

Payment terms

Paying company codes

5. You want to edit a dunning proposal .

What actions can you perform to edit a dunning proposal? There are 3 correct answers to this question.

Lower the dunning level of an item

Change the dunning data of an account

Block an account

Block a line item

Change a document

6. During which actions does the system assign the document number for Financial Accounting? There are 2 correct answers to this question.

Simulate

Hold

Park

Post

7. A vendor is also a customer. The payment program has to clear the open items .

Which setting has to be maintained for the business partner?

The alternative payer and payee

The same bank details

The same payment method

The account link

8. Which SAP technological product provides the platform required for SAP to support the digital transformation of anorganization? Please choose the correct answer.

SAP HANA

SAP Net Weaver

SAP CRM

SAP Fiori

9. Which field status has the lowest priority (G/L accounts)? Choose the correct answer.

Required entry

Display

Optional entry

Hide

10. SAP S/4HANAis the digital core of the intelligent enterprise .

Which applications from the SAP portfolio integrate with SAP S/4HANAto help you perform human resource management? Note: There are 2 correct answers to this question.

SAP Success Factor

SAP Fieldglass

SAP C/4HANA

SAP Ariba

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11. When you post a manual incoming payment, which parameters are valid for all payment documents? Note: There are 2 correct answers to this question.

Bank account

Residual item

Tolerance group

Journal entry type

12. What are some of the benefits of SAP S/4HANA? Note: There are 2correct answers to this question.

The data is aggregated on the fly from any line item table

The data is summarized into higher levels of aggregates to help system performance

The data is available in real time at line item detail

The data is analyzed after it is extracted and loaded in the reporting system

13. Which requirements do you need to fulfill to use data aging for Finance in the SAP S/4HANA system? Note: There are 3 correct answers to this question.

Activate aging on SAP HAN

Define the logical file path as a global path for data aging

Add required authorizations for data aging to your role.

Switch on the data aging business function

Activate data aging for your company code.

14. In the integrated scenario for down payments, in what step of the process do you enter the down payment information?

Goods receipt creation

Purchase order creation

Invoice verification

Down payment monitoring

15. In stock valuation, which of the following groups of stocks are valuated? Choose the correct answers. 3

Goods invoiced

Finished goods

Work in process

Raw materials, supplies, and consumables

16. Which of the following types of tasks are available in the Financial Closing Cockpit application? Choose the correct answers.

Flow definition

Online transactions

Remote tasks

Task list template

17. Which of the following statements best describe how core data services (CDS) are developed?

They are developed in the ABAPlayer of the SAP S/4HANA system by the Analytics end user.

They are developed in the SAP HANA database layer by the IT user.

They are developed in the SAP HANA database layer by the Analytics key user.

They are developed in the ABAP layer of the SAP S/4HANA system by the IT user.

18. Which of the following original Management Accounting objects can you assign in the asset master record? Choose the correct answers. 3

Cost element

Activity type

Order

Cost center

19. Which deployment options exist for SAP S4HANA? Note: There are 3 correct answers to this question.

Hybrid deployment

Central hub deployment

Cloud deployment

Agile deployment

On-premise deployment

20. Identify some of the fields related to the depreciation area in the asset master record. Choose the correct answers. (3)

Scrap value

Depreciation start

Useful life

Asset description

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21. Which data model is used for SAP S/4HANA?

Online transactional processing (OLTP) and online analytical processing (OLAP) both running on a single system.

Online transactional processing (OLTP) for on-premise deployments and online analytical processing (OLAP)for Cloud deployments.

Online transactional processing (OLTP) and online analytical processing (OLAP) each using data from separate tables.

Online analytical processing (OLAP) that is based on aggregated tables and indexes.

22. How many posting period intervals in SAP S/4HANA are used for postings of Financial Accounting (FI) and Controlling (CO)?

23. What are some of the personalization options available to users in their SAP Fiori launchpad environment? Note: There are 3 correct answers to this question.

Users can remove applications that they do NOT use

Users can add applications for filtered report results

Users can add applications from the catalog assigned to them

Users can remove devices that they do NOT use

Users can add new devices from the catalog assigned to them

24. 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.

It is possible to post special tax depreciation and investment support for assets under construction.

It is impossible to use assets under construction with Investment Management.

It is possible to calculate and post depreciation in the balance sheet depreciation area for assets under construction.

It is possible to post credit memos, even after assets under construction are fully capitalized.

25. Which of the following functions include the important functions of the SAP List Viewer tool? Choose the correct answers. (3)

Defining print parameters

Deleting and inserting columns

Calculating totals and subtotals

Setting filters

26. What are the pillars of the SAP Fiori user experience paradigm? Note: There are 3 correct answers to this question.

Responsive

User-based

Simple

Role-based

Vibrant

27. Which of the following parameters can be changed on a time-dependent basis? Choose the correct answers. 3

Depreciation start date

Depreciation key

Variable depreciation portion

Useful life (year or period)

28. You are getting ready to post your first simple general ledger document using the SAP Fiori app for posting in a test environment.

What configuration items do you need to set up to post a simple document? Note: There are 2 correct answers to this question.

Posting period variant must be created and assigned

Tax types and tax codes must be maintained

Line item text templates must be maintained

Number range and document types must be maintained

29. Which of the following activities does the system performduring the payment run? Choose the correct answers. 3

The system makes postings to the G/L and AP/AR subledgers.

The system clears open items.

The system supplies the print programs with necessary data.

The system exports a list of documents to be paid.

30. You need to make the line item text field mandatory during document entry .

Which objects should you analyze to fulfill this request? Note: There are 2 correct answers to this question.

G/L account

Account group

Posting key

Document type

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

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

It has to be used simultaneously with segments to create separate balance sheet and P&L statements.

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

It is an element for which separate balance sheet and P&L statements can be created.

32. Which information is checked by the system before a general ledger account k archived?

The Open item Management indicator is set in master data

The Mark for Deletion indicator is set in master data

The Blocked for Posting indicator is set in master data.

The assigned group account is already archived.

33. Which statement best describes the normal reversals functionality?

Executes the inverse posting by increasing the transaction figures.

Executes the inverse posting of a cleared document before resetting it.

Executes an inverse posting by resetting the transaction figures.

Executes a transfer posting by resetting the transaction figures.

34. On what basis does the system determine the period for the asset retirement? Choose the correct answer.

Net book value

Asset value date (asset retirement date)

35. What is the maximum dunning level that can be assigned to a dunning procedure? Choose the correct answer.

36. Howcan you perform transfers of assets between company codes with different charts of depreciation? Please choose the correct answer.

Configure the cross-company depreciation areas in customizing.

Correct depreciation area assignment in the asset master record after posting.

Assign the group chart of depreciation to the relevant fixed assets.

Enter depreciation area mapping during intercompany transfer posting.

37. Which of the following are the different history sheet groups that each version of asset history sheets can contain? Choose the correct answers. 3

Acquisitions

Reposting

Book values at the end of the fiscal year

Imputed interest

38. Which of the following methods does the depreciation key define? Choose the correct answers. (3)

Multilevel method

Period control method

Base method

Asset sheet valuation method

39. What fields of a financial accounting document influence the automatic payment program? There are 3 correct answers to this question.

Payment type

Payment advice

Payment method

Payment term

Payment block.

40. What does the year-end closing program in Asset Accounting do? Note: There are 3 correct answers to this question.

It blocks all postings to Asset Accounting for the closed fiscal years.

It posts all remaining depredation and imputed interest.

It checks whether the depreciation is posted completely for the fiscal year.

It settles all assets under construction with values and maintained settlement rules.

It indicates if any of the created asset master records contain errors or are incomplete.

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41. You are responsible for configuring document splitting .

What are some of the key settings? Note: There are 2 correct answers to this question.

Field status variant

Business transaction variant

Document number range

Document type

42. Identify the fields that cannot be changed while changing parked documents. Choose the correct answers. (3)

Currency

Account assignment objects

Company code

Document type or document number

43. 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?

Controlling area

Company

Company code

Segment

44. Which of the following tolerance groups should every company code always have? Choose the correct answer.

Named

Defined

Special

Blank

45. What information is provided when you execute the balance audit trail? Please choose the correct answer.

A list of changes of maintained sensitive fields in general ledger accounts

The open account balances for customer accounts and supplier accounts

The starting balance and the yearly changes to the balance of a general ledger account

A comparison of general ledger account balances across ledgers

46. For which of the following transactions can you use noted items? Choose the correct answer

Vendor payment

Down payment request

Late payment

Customer payment

47. Which deployment options exist for SAP S4 HANA? Note: There are 3 correct answers to this question.

Agile deployment

Central hub deployment

Cloud deployment

On-premise deployment

Hybrid deployment

48. Which of the following steps do you typically perform when executing the payment run with the automatic payment program? There are 2 correct answers to this question.

Define maximum amounts to be paid by supplier.

Review the payment proposal exception list

Maintain open item selection parameters.

Rank bank accounts for payment.

49. For which of the following can you park documents? Choose the correct answers. 2

Sales invoice

Customer accounts

Material accounts

General ledger accounts

50. Identify some of the fields related to the depreciation area in the asset master record. Choose the correct answers. 3

Asset description

Scrap value

Useful life

Depreciation start

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51. Identify some of the checks for archiving G/L accounts (master data). Choose the correct answers. (3)

Are there (still) transaction figures (for example, have they already been archived)?

Is the fiscal year closed?

Are there (still) documents?

Has a deletion indicator been set?

52. What do you define in Customizing for the payment program? Note: There are 3 correct answers to this question.

Forms for the payment media

Bank determination

Exchange rate type

Payment run ID

Allowed currencies

53. 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.

The payment amount allowed for each customer open item

The total amount (sum of all line items) allowed to be posted

The cash discount amount (absolute value) allowed for a line item

The cash discount percentage allowed for the complete document

54. Which parameters can you specify when you create a new correspondence type? There are 3 correct answers to this question.

Document number required

Company code required

Account required

Reasoncode required

Number of date fields required

55. What must you do to create new validations and substitutions? Note There are 2 correct answers to this question.

Deactivate all former validations and substitutions

Choose the chart of accounts

Define the area of application

Select the relevant call-up point

56. Identify the criteria that usually differentiate between document change rules. Choose the correct answers. (2)

Account type

Company code

Asset class

Open items

57. SAP S / 4HANA is the digital core of the intelligent enterprise .

Which applications from the SAP portfolio are integrated with SAP S / 4HANAto help you manage human resources? There are 2 correct answers to this question.

APAriba

SAP C / 4HANA

SAP success factors

SAP Fieldglass.

58. Your customer uses a posting period variant with special periods, and you need to allow specific users to post in these specials periods .

What do you assign in the posting period variant? Please choose the correct answer.

An authorization group to period intervals 1 and2

An authorization group to period interval 2

An authorization group to period intervals 2 and 3

An authorization group to period interval 1

59. How does the SAP HANA architecture improve SAP S/4HANA system performance? Please choose the correct answer

SAP HANA organizes data in line item tables and can aggregate data from these line item tables at runtime.

SAP HANA uses a structured hierarchical data model with a multitude of lean prebuilt aggregated tables to write efficient code.

SAP HANA allows you to build aggregate tables on top of aggregates and, in addition, special versions of the database tables to support special applications.

SAP HANA makes extensive use of database indexes providing common access paths to data in order to improve access speed.

60. Cleared items contain which of the following pieces of information? Choose the correct answers. (2)

Clearing date

Clearing document number

Archival information

Due date

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SAP S/4HANA for Financial Accounting Associates Certification C_TS4FI_2020 Practice Exam Questions

SAP certification C_TS4FI_2020 free exam questions are below for checking:

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