Dumps for Free SAP C_TS4FI_2020 Practice Exam Questions [Dec 18, 2023]
C_TS4FI_2020 Dumps PDF And Certification Training
SAP C_TS4FI_2020 exam is a comprehensive test that covers a wide range of topics related to financial accounting. C_TS4FI_2020 exam consists of 80 multiple-choice questions, and candidates are given a total of 180 minutes to complete the exam. C_TS4FI_2020 exam covers topics such as financial closing, general ledger accounting, accounts payable, accounts receivable, asset accounting, and financial statements. C_TS4FI_2020 exam is available in several languages, including English, German, and Japanese.
NEW QUESTION # 36
What does the document splitting do?
- A. It enriches all revenue account lines with the defined splitting characteristics.
- B. It enriches all relevant balance sheet account lines with the defined splitting characteristics.
- C. It enriches all secondary cost element account lines with the defined splitting characteristics.
- D. It enriches all profit and loss account lines with the defined splitting characteristics.
Answer: B
NEW QUESTION # 37
What types of data are maintained for a house bank? Note: There are 2 correct answers to this question.
- A. General Ledger account
- B. Data medium exchange (DME) details
- C. Overdraft limit
- D. payment signatories
Answer: A,B
NEW QUESTION # 38
Identify the application areas where validations and substitutions can be used.
There are 2 correct answers to this question.
Response:
- A. CO - Cost Accounting
- B. SD - Sales and Distribution
- C. AA - Asset Accounting
- D. FI - Financial Accounting
Answer: A,D
NEW QUESTION # 39
What are the two phases of AuC that are relevant to Asset Accounting? Choose the correct answers. (2)
- A. Accounting phase
- B. Useful life phase
- C. Assets transfer phase
- D. Under-construction phase
Answer: B,D
NEW QUESTION # 40
What is shared between all deployment options for SAP S/4HANA (Cloud, On-Premise)? Note:There are 3 correct answers to this question.
- A. Code line
- B. User experience
- C. Upgrade intervals
- D. Data model
- E. Business scope
Answer: A,B,D
NEW QUESTION # 41
Identify the three types of tolerances in accounting. Choose the correct answers. 3
- A. Employee tolerance groups
- B. Customer/vendor tolerance groups
- C. G/L account tolerance groups
- D. Special account tolerance groups
Answer: A,B,C
NEW QUESTION # 42
What is the maximum dunning level that can be assigned to a dunning procedure? Choose the correct answer.
- A. 0
- B. 1
- C. 2
- D. 3
Answer: D
NEW QUESTION # 43
Which sequence of steps allows a three-way match in procurement transactions? Please choose the correct answer.
- A. Purchase order, invoice receipt, goods receipt
- B. Purchase requisition, goods receipt, invoice receipt
- C. Purchase requisition, purchase order, goods receipt
- D. Purchase order, purchase requisition, invoice receipt
Answer: A
NEW QUESTION # 44
What are the features of the Accrual Engine in SAP S/4HANA? Note: There are 2 correct answers to this question.
- A. Accrual postings with a maximum of two line items are supported.
- B. All accrual calculations must be reviewed and approved before posting
- C. All currencies of the general ledger are supported.
- D. The fiscal year variant of the general ledger is supported.
Answer: C,D
NEW QUESTION # 45
Which of the following currency types can you set in customizing activity "define setting for ledgers and currency type"?
There are 2 correct answers to this question.
Response:
- A. Material ledger currency
- B. Transaction currency
- C. Group currency
- D. Local currency
Answer: C,D
NEW QUESTION # 46
SAP S/4HANA is 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.
- A. SAP Fieldglass
- B. SAPAriba
- C. SAP C/4HANA
- D. SAP Success Factor
Answer: A,D
NEW QUESTION # 47
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. Company
- C. Control area.
- D. Segment
Answer: A
NEW QUESTION # 48
Where can an SAP Fiori end user change the theme of their launchpad?
Please choose the correct answer.
Response:
- A. In the Me area of the launchpad
- B. In the Tile Catalog area of the launchpad designer
- C. In the UI theme designer
- D. In the Tile Group area of the launchpad designer
Answer: A
NEW QUESTION # 49
Your customer- performs pre-closing activities on the last day of the month. Which activities are typically executed during pre-closing?
There are 3 correct answers to this question.
- A. Create the asset history sheet for asset accounting
- B. Post recurring entries for the general ledger.
- C. Process bad debt expenses for accounts receivable.
- D. Perform foreign currency valuation for accounts payable.
Answer: B,C
NEW QUESTION # 50
For general ledger account posting, which one of the following standard posting keys is for debit? Choose the correct answer.
- A. 0
- B. 1
- C. 2
- D. 01
Answer: A
NEW QUESTION # 51
How do you depreciation areas in SAP S/4HANA?
Note: There are 2 correct answers to this question.
- A. Ensure depreciation areas always post to the general ledger.
- B. Assign a ledger group to each depreciation area.
- C. Assign depreciation area 01 to the leading ledger.
- D. Ensure each accounting principle is assigned to a depreciation area.
Answer: A,B
NEW QUESTION # 52
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. Assets are complete and error free.
- B. General ledger and subledgers are closed.
- C. Depreciation is posted in full
- D. Fixed asset fiscal year change is complete.
Answer: A,C
NEW QUESTION # 53
Which statements best describe a chart of depreciation?
There are 2 correct answers to this question.
Response:
- A. A chart of depreciation is a country-specific object that is delivered with SAP S/4HANA.
- B. A chart of depreciation is mandated by a country's statutory requirement and should be adopted as is.
- C. A chart of depreciation contains multiple depreciation areas with a provision for addition and deletion of depreciation areas.
- D. A chart of depreciation is company-code-specific; therefore, two company codes CANNOT use the same chart of depreciation.
Answer: A,C
NEW QUESTION # 54
You use the ledger approach for parallel accounting in Asset Accounting. Depreciation area 01 is assigned to the leading ledger for leading valuation and depreciation area 32 is assigned to the non-leading ledger for parallel valuation. What posting option should you choose for depreciation area 32?
- A. Area Does Not Post
- B. Area Posts Depreciation Only
- C. Area Posts in Real Time
- D. Area Posts APC Immediately, Depreciation Periodically
Answer: C
NEW QUESTION # 55
You want to configure the default baseline date for the payment terms of an incoming invoice. From which date can you derive the baseline date ? Note: 3 Answers
- A. Document date
- B. Entry Date
- C. Value date
- D. Goods receipt date
- E. Posting date
Answer: A,B,E
NEW QUESTION # 56
Which parameter indicates that a line item can only be dunned with restrictions?
- A. Dunning area
- B. Dunning block reason
- C. Dunning grouping
- D. Dunning key
Answer: D
NEW QUESTION # 57
Which parameters can you specify when you create a new correspondence type? There are 3 correct answers to this question.
- A. Company code required
- B. Number of date fields required
- C. Account required
- D. Reason code required
- E. Document number required
Answer: C,D,E
NEW QUESTION # 58
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SAP C-TS4FI-2020 exam is a computer-based exam that tests candidates' knowledge and skills in financial accounting in the SAP S/4HANA environment. C_TS4FI_2020 exam consists of 80 multiple-choice questions, and candidates are given a maximum of 180 minutes to complete the exam. The passing score for the exam is 65%.
SAP C-TS4FI-2020 certification exam is intended for professionals who have experience working with SAP S/4HANA and are responsible for financial accounting processes. This includes financial analysts, accountants, and other finance professionals who work with the SAP S/4HANA system. SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2020) certification exam is designed to ensure that candidates have a comprehensive understanding of the financial accounting processes and can effectively use the system to manage financial data. Becoming certified in the SAP C-TS4FI-2020 exam can help professionals enhance their career prospects and demonstrate their expertise in the financial accounting field.
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