Get Real C-TS4FI-2020 Exam Dumps [Feb-2023] Practice Tests [Q107-Q126]

C-TS4FI-2020 SAP

admin • February 27, 2023

Get Real C-TS4FI-2020 Exam Dumps [Feb-2023] Practice Tests [Q107-Q126]

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Get Real C-TS4FI-2020 Exam Dumps [Feb-2023] Practice Tests

Last C-TS4FI-2020 practice test reviews: Practice Test SAP dumps

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”.

NO.107 Where do you indicate that the useful life of the asset sub-number is identical to the useful life of the main asset?

In the screen layout of the asset master record

In the asset master record of the main asset

In the account determination of the asset class

In the screen layout of the depredation area

NO.108 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:

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

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 special tax depreciation and investment support for assets under construction.

NO.109 What do you define when you create a new document type? Note: There are 2 correct answers to this question.

Reasons for reversal

Number range for the document type

Posting keys for the document type

Account types allowed for posting

NO.110 Which of the following information is entered in the chart of accounts segment of a G/L account? Choose the correct answers. (3)

Consolidation fields

Control fields

Account number

Currency fields

NO.111 For which activities can you use an extension ledger? Note: There are 2 correct answers to this question.

Configuration of custom fields for financial statements

Simulation of foreign currency valuation

Parallel valuation of depreciation areas

Adjustments for consolidation purposes

NO.112 Which data can you edit in the payment proposal?
Note: There are 3 correct answers to this question.
Response:

Invoice amount

Cash discount

Payee

Payment block

House bank

NO.113 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.

The one in the line item with the largest amount

The one assigned to the tolerance group

The one in the first line item

The system prompts for the user to assign one

NO.114 In which step of the SAP Financial Closing Cockpit configuration do you define parameters settings for variables of program variants?

Template creation

Dependency definition

Task list creation

Task list release

NO.115 Which of the following statements are valid for financial document number ranges? There are 3 correct answers to this question.

The same financial document number range can be assigned to several types of documents.

All financial document number ranges may contain numbers and / or letters.

The financial document number ranges must be defined for the year in which they are used.

Financial document number ranges defined at the client level should NOT be superimposed.

The financial document number ranges are defined at the company code level.

NO.116 Which tasks are stages of dunning execution? Note: There are 2 correct answers to this question.

Schedule the dunning run.

Maintain the dunning parameters.

Maintain the dunning levels

Schedule the dunning intervals.

NO.117 Which of the following logistic processes are involved in asset acquisition with materials management (MM)?
There are 3 correct answers to this question.
Response:

Purchase order

Goods receipt

Inventory receipt

Purchase requisition

NO.118 What is the difference between the ledger approach and the accounts approach to parallel valuation in Asset Accounting?

In the accounts approach, you assign a completely separate set of accounts for each accounting principle, unlike the ledger approach

In the ledger approach, you maintain additional depreciation areas to post the delta valuation of each accounting principle, unlike the accounts approach.

In the accounts approach, you define a technical clearing account for integrated asset acquisitions, unlike the ledger approach

In the ledger approach, you assign a ledger group to every depreciation area, unlike the accounts approach

NO.119 Which deployment option do you recommend to customers who want to always be on the latest release of SAP S/4HANA?

SAP S/4HANA Cloud

SAP S/4HANA on-premise

SAP S/4HANA with Central Finance

SAP S/4HANA Finance

NO.120 Which statements best describe a profit center?
There are 2 correct answers to this question.
Response:

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

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.

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

NO.121 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

NO.122 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:

Document header

Cost of sales accounting

Complete document

Document line

NO.123 Which of the following lists support the dunning clerk’s work? Choose the correct answers. (3)

The blocked accounts list

The list of vendor balances in local currency

The dunning list

The dunning history list

NO.124 True or False: SAP S/4HANA replaces SAP ERP, and development and support are shifted completely to it.
Response:

False

True

NO.125 What is the maximum dunning level that can be assigned to a dunning procedure? Choose the correct answer.

NO.126 After you collect data in the Intercompany Reconciliation tool, what are the next steps of the reconciliation process?
Please choose the correct answer.
Response:

1. Store the data
2. Present reconciled and non-reconciled data
3. Communicate differences.
4. Post the correction documents.

1. Present reconciled and non-reconciled data
2. Post the correction documents.
3. Store the data.
4. Communicate differences.

1. Store the data.
2. Present reconciled and non-reconciled data.
3. Post the correction documents.
4. Communicate differences.

1. Post the correction documents.
2. Store the data.
3. Present reconciled and non-reconciled data.
4. Communicate differences.

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