C-TS4FI-2020 Practice Exam and Study Guides - Verified By TestPassed Updated 82 Questions
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SAP C_TS4FI_2020 (SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2020)) certification exam is designed for professionals who want to prove their expertise in managing financial accounting processes using SAP S/4HANA. SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2020) certification exam is meant for financial consultants, analysts, and accountants who are looking to enhance their skills with the latest technological advancements in the domain of financial accounting.
To take the SAP C_TS4FI_2020 certification exam, candidates must have a basic understanding of financial accounting principles and be familiar with SAP S/4HANA Financial Accounting. They should also have experience working with SAP S/4HANA in a professional setting. C-TS4FI-2020 exam consists of 80 multiple-choice questions and has a time limit of 180 minutes. To pass the exam, candidates must achieve a minimum score of 65%.
Certification in SAP S/4HANA for Financial Accounting Associates can give a significant boost to an individual's career in the finance domain. SAP S/4HANA is one of the most widely used enterprise resource planning (ERP) applications. SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2020) certification indicates that the holder is proficient in financial accounting in the SAP environment and can lead to increased opportunities for job growth and higher pay scales.
NEW QUESTION # 49
Which field can you change on a posted invoice?
Please choose the correct answer
Response:
- A. Tax code
- B. Payment terms
- C. Special G/L indicator
- D. Cost center
Answer: B
NEW QUESTION # 50
What dunning-related data do you maintain on the business partner master record?
Note: There are 3 correct answers to this question.
- A. Dunning area
- B. Dunning block
- C. Dunning key
- D. Dunning interval
- E. Dunning procedure
Answer: A,C
NEW QUESTION # 51
After you collect data in the Intercompany Reconciliation tool, what are the next steps of the reconciliation process?
- A. 1. Store the data
2. Present reconciled and non-reconciled data.
3. Post the correction documents.
4. Communicate differences. - B. 1. Store the data
2. Present reconciled and non-reconciled data.
3. Communicate differences.
4. Post the correction documents. - C. 1. Post the correction documents.
2. Store the data
3. Present reconciled and non-reconciled data.
4. Communicate differences. - D. 1. Present reconciled and non-reconciled data.
2. Post the correction documents.
3. Store the data
4. Communicate differences.
Answer: B
NEW QUESTION # 52
What does the document type control?
Note: There are 2 correct answers to this question.
- A. Whether exchange rate differences are permitted
- B. Which account types are allowed for postings
- C. Whether negative postings are permitted
- D. Which posting keys are allowed for postings
Answer: B,C
NEW QUESTION # 53
In which step of the SAP Financial Closing Cockpit configuration do you define parameters settings for variables of program variants?
- A. Task list creation
- B. Template creation
- C. Dependency definition
- D. Task list release
Answer: A
NEW QUESTION # 54
Which currency types can you set in customizing activity "define setting for ledgers and currency type"? There are 2 correct answers to this question.
- A. Material Ledger Currency
- B. Group Currency
- C. Local Currency
- D. Transaction Currency
Answer: A,B
NEW QUESTION # 55
How does SAP S/4HANA reduce system complexity and improve system efficiency?
There are 2 correct answers to this question.
Response:
- A. By removing views of data at runtime from the same source tables
- B. By providing application code that deals with aggregates and indexes
- C. By removing application code that deals with aggregates and indexes
- D. By providing views of data at runtime from the same source tables
Answer: C,D
NEW QUESTION # 56
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. General ledger and subledgers are closed.
- B. Depreciation is posted in full
- C. Assets are complete and error free.
- D. Fixed asset fiscal year change is complete.
Answer: B,C
NEW QUESTION # 57
With the automatic clearing program, a user can clear open items for which of the following items? Choose the correct answers. (2)
- A. Subledger accounts
- B. Currency
- C. General ledger
- D. Special general ledger indicator
Answer: A,C
NEW QUESTION # 58
What is the order of configuration within the SAP Financial Closing cockpit?
- A. Define dependencies, create templates, create tasks , create a task list, free a task list
- B. Create a template, create a list of tasks, create tasks, define dependencies, free a list of tasks
- C. Create a template, create tasks, define dependencies, create a list of tasks, free a list of tasks
- D. Create task list, release task list, define dependencies, create templates, create tasks.
Answer: C
NEW QUESTION # 59
Which dates can you use for tax calculation? There are 2 correct answers to this question.
- A. Entry date
- B. Due date
- C. Posting date
- D. Document date
Answer: C,D
NEW QUESTION # 60
What is the purpose of period interval 3 when you define open and closed periods?
- A. Posting to special purpose ledger
- B. Posting to special periods
- C. Posting from CO to Fl
- D. Authorization control for posting periods
Answer: C
NEW QUESTION # 61
Which activities can you perform with a recurring journal entry? Note: There are 2 correct answers to this question
- A. Obtain an overview of related future postings.
- B. Set rules to distribute amounts to be posted.
- C. Determine the number of postings.
- D. Create monthly postings on any date of a month.
Answer: A,D
NEW QUESTION # 62
In your SAP S/4HANA system, you report financial values for three separate accounting principles. You post an acquisition for an asset that is capitalized in a single accounting principle If you use the application to post integrated asset acquisitions, how many documents will the system post?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
NEW QUESTION # 63
What are the two phases of AuC that are relevant to Asset Accounting? Choose the correct answers. (2)
- A. Under-construction phase
- B. Accounting phase
- C. Useful life phase
- D. Assets transfer phase
Answer: A,C
NEW QUESTION # 64
What are some features of SAP HA NA? Note:There are 2 correct answers to this question
- A. SAP HANA is built on a hierarchical data model architecture
- B. SAP HANA is optimized to work with aggregates and index tables
- C. SAP HANA allows transactional and analytical processing from the same tables
- D. SAP HANA is optimized to organize data using column stores
Answer: C,D
NEW QUESTION # 65
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