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Practice with these C_TS4FI_2020 dumps Certification Sample Questions
To take the SAP C_TS4FI_2020 certification exam, candidates must have a basic understanding of financial accounting processes and should have experience working with SAP S/4HANA for financial accounting. C_TS4FI_2020 exam is intended for professionals who are responsible for implementing, configuring, and managing financial accounting processes in SAP S/4HANA systems. Successful candidates will be able to demonstrate their ability to configure financial accounting settings, perform financial accounting transactions, and perform financial closing activities using SAP S/4HANA. SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2020) certification is highly valued by employers and can help professionals advance their careers in financial accounting.
Acquiring the SAP C_TS4FI_2020 certification helps professionals demonstrate their expertise and provides an added advantage in the competitive industry. Candidates who pass the SAP C_TS4FI_2020 certification exam are considered proficient 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 also opens doors for better job opportunities, higher pay scales, and promotions in the finance industry.
NEW QUESTION # 39
Which of the following objects are relevant to the dunning program configuration? Choose the correct answers. 3
- A. Minimum amounts
- B. Expenses or charges
- C. Bank selection
- D. Dunning levels
Answer: A,B,D
NEW QUESTION # 40
For which special G L indicator do you specify a target special GL indicator?
- A. Bill of exchange
- B. Customer down payment
- C. Vendor down payment request
- D. Guarantee given
Answer: C
NEW QUESTION # 41
How can you perform transfers of assets between company codes with different charts of depreciation? Please choose the correct answer.
- A. Configure the cross-company depreciation areas in customizing.
- B. Assign the group chart of depreciation to the relevant fixed assets.
- C. Correct depreciation area assignment in the asset master record after posting.
- D. Enter depreciation area mapping during intercompany transfer posting.
Answer: A
NEW QUESTION # 42
What happens to the transaction figures when you post a normal reversal posting?
Response:
- A. They are deleted
- B. They are reset.
- C. They are increased.
- D. They are cleared.
Answer: C
NEW QUESTION # 43
how does SAP S/4HANA support the treatment of taxes? Note: There are 3 correct answers to this question.
- A. It posts the tax amount to tax accounts.
- B. It checks the tax amount entered and automatically calculates the tax
- C. It performs tax adjustments for cash discounts and other forms of deduction
- D. It checks the tax codes and automatically updates the tax rates based on changes by the tax authorities.
- E. It adjusts the tax codes and automatically updates the procedure.
Answer: A,B,C
NEW QUESTION # 44
What should you check if the balance of the GR/IR account is not zero at the purchase order item level on the balance sheet key date? Choose the correct answers. 2
- A. Check to see if the goods were delivered by the key date, but have not yet been invoiced.
- B. Check to see if the goods were produced by the key date, but have not been invoiced.
- C. Check to see if the goods were ordered by the key date, but have not been received.
- D. Check to see if the goods were invoiced by the key date, but have not yet been delivered.
Answer: A,D
NEW QUESTION # 45
You are running an international business and want to set up separate legal entities to execute operations and perform accounting activities. What organizational unit do you need to create for each legal entity? Please select the correct answer.
- A. Company code
- B. Segment
- C. Company
- D. Control area.
Answer: A
NEW QUESTION # 46
Which of the following is a technical year-end closing activity in SAP S/4HANA?
- A. Foreign currency valuation must be posted.
- B. Balance sheet adjustments must be posted.
- C. Ledger balances must be carried forward
- D. Profit center carry-forward must be posted.
Answer: D
NEW QUESTION # 47
Which of the following steps are parts of the process of configuring the payment program? Choose the correct answers. (3)
- A. Configure the G/L account field status for document entry
- B. Configure the payment methods per company code
- C. Configure the paying company codes
- D. Configure the house banks
Answer: B,C,D
NEW QUESTION # 48
How many intervals are defined for the foreign currency valuation run ID per client? Choose the correct answer.
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION # 49
Which objects can be posted to by more than one company code? There are 3 correct answers to this question.
- A. Depreciation key
- B. Useful life (year or period)
- C. Variable depreciation portion
- D. Depreciation start date
Answer: A,B,C
NEW QUESTION # 50
Which of the following functions include the important functions of the SAP List Viewer tool? Choose the correct answers. (3)
- A. Calculating totals and subtotals
- B. Deleting and inserting columns
- C. Defining print parameters
- D. Setting filters
Answer: A,B,D
NEW QUESTION # 51
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.
- A. Number range and document types must be maintained
- B. Posting period variant must be created and assigned
- C. Tax types and tax codes must be maintained
- D. Line item text templates must be maintained
Answer: B,D
NEW QUESTION # 52
What is the maximum number of steps possible in validation? Choose the correct answer.
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION # 53
What are the features of the Accrual Engine in SAP S/4 HANA? There are 2 correct answers to this question.
- A. The Fl reversal is NOT supported.
- B. The fiscal year variant of the general ledger is supported.
- C. All currencies of general ledger are supported.
- D. Complex postings with more than two line items are NOT possible.
Answer: B,C
NEW QUESTION # 54
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: B
NEW QUESTION # 55
What are the maintenance levels of a screen layout rule for asset classes? Please choose the correct answer.
- A. Depreciation area, asset class, main asset number, sub number
- B. Asset class, depreciation area, main asset number, group asset
- C. Main asset number, sub number, depreciation area
- D. Asset class, main asset number, sub number
Answer: D
NEW QUESTION # 56
Which documents are needed to complete the 3-way match in procurement transactions? Note:There are 3 correct answers to this question.
- A. Goods receipt
- B. Purchase requisition
- C. Material document
- D. Invoice receipt
- E. Purchase order
Answer: A,D,E
NEW QUESTION # 57
What is the purpose of the chart of depreciation?
- A. The chart of depreciation substitutes the operational chart of accounts in asset-related postings.
- B. The chart of depreciation defines the asset classes for which you can create fixed assets
- C. The chart of depreciation is a reporting tool that structures your assets for hierarchical reporting.
- D. The chart of depreciation manages country-specific legal valuation of fixed assets
Answer: D
NEW QUESTION # 58
Which field can you change on a posted invoice?
Please choose the correct answer
Response:
- A. Special G/L indicator
- B. Tax code
- C. Cost center
- D. Payment terms
Answer: D
NEW QUESTION # 59
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?
- A. Document line
- B. Document header
- C. Complete document
- D. Cost of sales accounting
Answer: A
NEW QUESTION # 60
Which of the following is the first step in the variant principle? Choose the correct answer.
- A. Define variant
- B. Determine values for the variant
- C. Create multiple variants
- D. Assign the variant to the objects
Answer: A
NEW QUESTION # 61
In an asset main number in Asset Accounting, which information can be different between international GAAP and local GAAP?
There are 2 correct answers to this question.
- A. Net book value
- B. Deprecation start date
- C. Asset class
- D. Capitalization date
Answer: A,B
NEW QUESTION # 62
Document splitting is active in your company code. The splitting characteristic is the profit center. All accounts are assigned. You post a vendor invoice with a single expense that are all assigned to different profit Centers. The expense is changed with 10% VAT. How many line items are created in the Entry view and how many are created in the General Ledger view?
- A. Entry view: 3 General Ledger view 7
- B. Entry view: 3 General Ledger view: 9
- C. Entry view: 5 General Ledger view 7
- D. Entry view: 5 General Ledger view: 9
Answer: D
NEW QUESTION # 63
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SAP C-TS4FI-2020 Exam is designed to test the knowledge and skills of financial accounting associates who work with the SAP S/4HANA platform. SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2020) certification exam is intended to validate the candidate's knowledge of financial accounting principles, including financial statement preparation and analysis, general ledger accounting, accounts receivable and payable, and asset accounting. Successful candidates will have a thorough understanding of the SAP S/4HANA platform and its financial accounting applications, and will be able to apply this knowledge to real-world scenarios.
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