Pass C-TS4FI-2020 Exam - Real Test Engine PDF with 82 Questions
Get New C-TS4FI-2020 Certification Practice Test Questions Exam Dumps
The SAP C_TS4FI_2020 certification exam covers a wide range of topics related to SAP S/4HANA for Financial Accounting, including financial closing, financial accounting configuration, accounts payable and receivable, and asset accounting. Candidates are required to have a thorough understanding of these topics, as well as a good understanding of the SAP S/4HANA platform and its capabilities.
NEW QUESTION # 29
For which of the following transactions can you use noted items? Choose the correct answer.
- A. Down payment request
- B. Vendor payment
- C. Late payment
- D. Customer payment
Answer: A
NEW QUESTION # 30
For which special G L indicator do you specify a target special GL indicator?
- A. Guarantee given
- B. Customer down payment
- C. Bill of exchange
- D. Vendor down payment request
Answer: D
NEW QUESTION # 31
Which of the following options can you use to change the G/L account master data using collective processing? Choose the correct answers. (3)
- A. Change chart of accounts data
- B. Change company code data
- C. Change client level data
- D. Change account descriptions
Answer: A,B,D
NEW QUESTION # 32
What data do you maintain in the chart of accounts sections of a General Ledger account?
Response:
- A. User data
- B. Reconciliation data
- C. Authorization data
- D. Consolidation data
Answer: D
NEW QUESTION # 33
Where is the billing document created?
Please choose the correct answer.
Response:
- A. Materials Management
- B. Financial Accounting
- C. Sales and Distribution
- D. Accounting
Answer: C
NEW QUESTION # 34
How does the SAP HANA architecture improve SAP S/4HANA system performance?
Please choose the correct answer
Response:
- A. SAP HANA makes extensive use of database indexes providing common access paths to data in order to improve access speed.
- B. 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.
- C. SAP HANA organizes data in line item tables and can aggregate data from these line item tables at runtime.
- D. SAP HANA uses a structured hierarchical data model with a multitude of lean prebuilt aggregated tables to write efficient code.
Answer: C
NEW QUESTION # 35
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 removing application code that deals with aggregates and indexes
- C. By providing views of data at runtime from the same source tables
- D. By providing application code that deals with aggregates and indexes
Answer: B,C
NEW QUESTION # 36
During the archiving procedure, if the application generates a specific log, it is used; otherwise, you need to manually create a log. Determine whether this statement is true or false. Please choose the correct answer.
- A. False
- B. True
Answer: A
NEW QUESTION # 37
You want to configure the tax calculation procedures. What are the main elements you need to define? There are 3 correct answers to this question
- A. Country key
- B. Tax code
- C. Sequence of steps
- D. Account or transaction key
- E. Condition Type
Answer: C,D,E
NEW QUESTION # 38
What is the name of the leading ledger that SAP provides with the standard system?
Please choose the correct answer.
Response:
- A. OL
- B. 1L
- C. 3L
- D. 2L
Answer: A
NEW QUESTION # 39
In which items of a financial statement version can you find values related to accounts for sales deductions and material expenses?
- A. Sales deductions in liabilities item material expenses in loss item
- B. Sales deductions in assets item Material expenses in loss item
- C. Sales deductions in loss item Material expenses in loss item
- D. Sales deductions in loss item
Answer: D
Explanation:
Material expenses in liabilities item
NEW QUESTION # 40
Cleared items contain which of the following pieces of information? Choose the correct answers. (2)
- A. Clearing date
- B. Due date
- C. Archival information
- D. Clearing document number
Answer: A,D
NEW QUESTION # 41
How do you depreciation areas in SAP S/4HANA?
Note: There are 2 correct answers to this question.
- A. Ensure each accounting principle is assigned to a depreciation area.
- B. Ensure depreciation areas always post to the general ledger.
- C. Assign depreciation area 01 to the leading ledger.
- D. Assign a ledger group to each depreciation area.
Answer: B,D
NEW QUESTION # 42
How do you configure depreciation areas in SAP S/4HANA? Note: There are 2 correct answers to this question.
- A. Ensure each accounting principle is assigned to a depreciation area
- B. Assign depreciation area 01 to the leading ledger
- C. Assign a ledger group to each depreciation area
- D. Ensure depreciation areas always post to the general ledger
Answer: C,D
NEW QUESTION # 43
How does the system behave when an invoice is processed as a residual payment?
- A. The payment difference is posted to a different account
- B. The payment difference is written off.
- C. The original document and payment are cleared.
- D. All documents remain in the account as open items.
Answer: C
NEW QUESTION # 44
Which field status has the lowest priority (G/L accounts)? Choose the correct answer.
- A. Required entry
- B. Optional entry
- C. Hide
- D. Display
Answer: B
NEW QUESTION # 45
Which of the following steps do you typically perform for a payment run with the automatic payment program? Note:There are 2 correct answers to this question.
- A. Define maximum amounts to be paid per supplier
- B. Maintain open item select on parameters
- C. Review the payment proposal exception list.
- D. Rank bank accounts for payment.
Answer: B,C
NEW QUESTION # 46
What are the benefits of public cloud deployments of SAP S/4HANA? Note: There are 2 correct answers to this question
- A. Always up to date
- B. One-time license investment
- C. IT cost savings
- D. Increased customizing flexibility
Answer: A,C
NEW QUESTION # 47
Financial statement versions consist of a maximum of 10 hierarchy levels. Determine whether this statement is true or false. Please choose the correct answer.
- A. False
- B. True
Answer: A
NEW QUESTION # 48
You are a group cash manager interested in the North American business market. What are the personalization options available to you in SAP Fiori? Note: There are 2 correct answers to this question.
- A. You can manage user access to relevant apps for the North American accounts payable group that reports to you.
- B. You can create a tile group with all the apps required for your daily business for easy access.
- C. You can adapt the Launchpad colour theme according to predefined values for the cash report.
- D. You can create an app to take you directly to the cash position of the North American business market.
Answer: B,D
NEW QUESTION # 49
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?
- A. Company code
- B. Segment
- C. Controlling area
- D. Company
Answer: A
NEW QUESTION # 50
Which prerequisite must be met by the technical clearing account for integrated asset acquisition?
- A. The account is a profit-and-loss account that must be open item managed.
- B. The account is created for all active company codes of the client.
- C. The account is a reconciliation balance sheet account for fixed assets.
- D. The account is assigned in the asset account determination for each valid depredation area.
Answer: C
NEW QUESTION # 51
You want to quickly launch the balance sheet for the company code you
are responsible for from the SAP Fiori launchpad. What can you create to achieve this? Please choose the correct answer.
- A. Business Area
- B. Segment
- C. Cost Center
- D. Functional Area
Answer: C
NEW QUESTION # 52
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The SAP C_TS4FI_2020 Certification Exam is an essential certification for anyone working with SAP S/4HANA for Financial Accounting processes. It tests the candidate's knowledge and skills in a wide range of areas related to financial accounting and can help individuals advance their careers in the field of SAP Financial Accounting. If you are interested in pursuing this certification, it is essential to prepare thoroughly and gain a deep understanding of the topics covered in the exam.
The SAP C_TS4FI_2020 exam is intended for individuals who have experience with SAP S/4HANA financial accounting and want to demonstrate their competency in this area. The exam consists of 80 multiple-choice questions and has a duration of 180 minutes. Passing this exam requires a score of at least 65%, and candidates who achieve this score receive the SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2020) certification. This certification is recognized globally and is an excellent way for financial accounting associates to prove their expertise in SAP S/4HANA.
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