C_TS4FI_2020 Exam Questions SAP Certified Application Associate

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SAP C_TS4FI_2020 certification is the ideal starting point for a professional career as a Financial Accounting consultant on SAP S/4HANA. We provide the latest SAP Certified Application Associate C_TS4FI_2020 exam questions, which can guarantee you success in the first attempt. SAP Certified Application Associate-SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2020) C_TS4FI_2020 exam verifies that the candidate possesses fundamental knowledge and proven skills in the area of SAP S/4HANA Financial Accounting. Share some SAP certification C_TS4FI_2020 free questions below.

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1. Which currency types can you set in customizing activity "define setting for ledgers and currency type"? There are 2 correct answers to this question.

Transaction Currency

Local Currency

Group Currency

Material Ledger Currency

2. Which closing activities are used in external reporting as per SAP best practices? Note: There are 2 correct answers to this question.

Perform valuations of open items in foreign currency.

Execute the plan cost center assessment cycle.

Reclassify receivables and payables

Update product cost estimates.

3. For which of the following can you park documents? Choose th ecorrect answers. (2)

Customer accounts

Sales invoices

Material accounts

General ledger accounts

4. In a valuation method, which of the following is not a valuation approach for foreign currency valuation? Choose the correct answer.

Lowest value principle

Revalue only

Strict lowest value principle

High rate of interest principle

5. What types of data are maintained for a house bank? Note: There are 2 correct answers to this question.

General Ledger account

Overdraft limit

payment signatories

Data medium exchange (DME) details

6. Which of the following components make up an archiving object? Choose the correct answers.

Programs

Variables

Data declaration part

Customizing settings

7. Customers using classic General Ledger Accounting can use RFBILAOO to create a financial statement at which organization levels? Choose the correct answers. 2

Segment level

Business area level

Client level

Company area level

8. Which of the following product lines does the SAP S/4 HANA system rely on for most human resource management functions?

Please choose the correct answer.

SAP Ariba

Concur

SAP Hybris

SAP Success Factors

9. How does SAP S/4HANA reduce system complexity and improve system efficiency? Note: There are 2 correct answers to this question.

By removing application code that deals with aggregates and indexes

By providing application code that deals with aggregates and indexes

By providing views of data at runtime from the same source tables

By removing views of data at runtime from the same source tables

10. Which of the following options are included in the Asset Explorer? Choose the correct answers. (3)

Drill down to Financial Accounting (Fl) document.

Drill down to reports.

Post documents.

Display depreciation calculation.

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11. Which of the following original Management Accounting objects can you assign in the asset master record? Choose the correct answers. (3)

Cost element

Activity type

Cost center

Order

12. How do you identify an asset as an asset under construction?

The ordinary depreciation start date is empty.

The asset belongs to a specific asset class.

The asset capitalization date is empty.

The asset is assigned to NO depreciation area.

13. You have been asked to set up house banks as part of the implementation.

What information do you need? Note: There are 3 correct answers to this question.

Bank master data

Supplier account

Payment method

Company code

General ledger account

14. Your customer wants to use data aging for the universal journal .

Which criteria can you use to decide which data is moved to the historical partition? Note: There are 2 correct answers to this question.

Ledger

Account type

Company code

Document type

15. You are responsible for implementing Asset Accounting. You are provided with the legacy data of various assets and their grouping information based on category, life, and depreciation terms.

What configuration step would you initiate to maintain these categories in SAP S/4HANA?

Please choose the correct answer.

Define general ledger accounts per each category of legacy asset.

Configure depreciation keys and calculation keys.

Define asset classes and maintain their attributes.

Copy the chart of depreciation and maintain depreciation areas.

16. Which data sections are part of every asset class? There are 2 correct answers to this question.

Depreciation data section

Valuation area data section

Master data section

Account determination data section

17. What sort of special general ledger types exist? Choose the correct answers. (3)

Noted items

Final payments

Free offsetting entries

Other types

Automatic offsetting entries (statistical)

18. 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.

Assets are complete and error free.

Fixed asset fiscal year change is complete.

Depreciation is posted in full

General ledger and subledgers are closed.

19. For general ledger account posting, which one of the following standard posting keys is for debit? Choose the correct answer.

20. Which attributes should you consider when defining asset number ranges? Note: There are 2 correct answers to this question.

Asset number ranges are defined at chart of depreciation level

Asset number ranges are defined for asset classes and are company code specific

Each asset class can have either an internal or external number range

Each asset number range has to be assigned to a unique asset class.

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21. You want to create a substitution in financial accounting .

What parts do you have to define for each step of the substitution? There are 2 correct answers to this question

Check

Prerequisite.

Message

Replacement

22. 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?

Entry view: 3 General Ledger view: 9

Entry view: 5 General Ledger view 7

Entry view: 3 General Ledger view 7

Entry view: 5 General Ledger view: 9

23. Which standard currency types must be used when configuring the currency settings for company codes? Note: There are 2 correct answers to this question.

Company code currency

Controlling area currency

Group currency

Document currency

24. There are four dunning program steps that can be performed during the automatic dunning procedure as follows: Arrange these steps into the correct sequence.

Schedule the dunning run.

Maintain the parameters.

Start the dunning printout.

Change the dunning proposal.

25. Which of the following special G/L transactions are noted items? Note: There are 2 correct answers to this question.

Bill of exchange payment request

Down payment request

Down payment

Guarantee of payment

26. What are the maintenance levels of a screen layout rule for asset classes?

Asset class, depreciation area, main asset number, group asset

Depreciation area, asset class, main asset number, subnumber

Asset class, main asset number, subnumber.

Main asset number, subnumber. depreciation area

27. Whatis the correct order of steps when you use the SAP I financial Closing Cockpit?

Create tasks 2. Define dependencies 3. Create template 4. Create task list 5 Release task list

Create tasks 2. Define dependencies 3 Create task list 4. Create template 5. Release task list

Create template 2 Create tasks 3 Define dependencies 4 Create task list 5 Release task list

Create template 2 Create tasks 3. Create task list 4. Define dependencies 5. Release task list

28. Whenyou create multiple similar asset master records, which of the following fields allow you to make separate entries for each individual asset? Choose the correct answers. (3)

Description of the asset

Inventory number

Cost center

License plate number

29. On which organization unit level do you define a chart of depreciation? Please choose the answer:

Asset class

Company code

Client

Chart of accounts

30. What data do you maintain in the chart of accounts sections of a General Ledger account? Please choose the correct answer

Authorization data

Consolidation data

Reconciliation data

User data

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31. 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

32. 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.

33. Which of the following are SAP Fiori design principles? There are 2 correct answers to this question.

Rational

Routine

Role-based

Responsive

34. Which of the following statements best describe a noted item? Note: There are 2 correct answers to this question.

It updates the subledger and the general ledger.

It can be accessed by the payment program

It has an automatic statistical offsetting entry

It can be used to remind the user about due payments.

35. Your customer wants the document numbers for two separate document types to share the same number range .

How can you achieve this? Please choose the correct answer.

Define a valuation area and ledger group for two ledgers to link with the new valuation area.

Define a valuation area and extension ledger to link with the new valuation area.

Define two valuation methods and assign the accounting principles to the new valuation methods.

Define two valuation areas and two accounting principles with relevant linksto ledgers.

36. In which of the following segments of a customer or vendor master record can you enter the terms of payment? Choose the correct answers. (3)

Company code segment

Purchasing organization segment

Sales area segment

Client level segment

37. 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

38. Which functions allow you to temporarily save the entered data? Choose the correct answers. (2)

Parking function

Hold function

Insert function

Save function

39. 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.

Group currency

Local currency

Material ledger currency

Transaction currency

40. Whichof the following steps are parts of the process of configuring the payment program? Choose the correct answers. (3)

Configure the paying company codes

Configure the house banks

Configure the G/L account field status for document entry

Configure the payment methods per company code

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41. The variant principle is used in SAP S/4HANA to assign particular properties to one or more objects .

How many steps does the variant principle have? Choose the correct answer.

42. You want to define a validation for the combination of ledger account and cost center. For what point of call is this validation defined? Please select the correct answer.

Document line

Cost of sales accounting

Document header

Complete document

43. Which is the most flexible SAP S/4HANA Cloud solution for customers? Please choose the correct answer.

Community option

Public option

Hybrid option

Private option

44. At what level is the bank master data stored in SAP S/4HANA?

At controlling area level

At client level

At company level

At company code level

45. Which of the following options can you use to change the G/L account master data using collective processing? Choose the correct answers. (3)

Change company code data

Change client level data

Change account descriptions

Change chart of accounts data

46. Which of the following is an example of an automatic offsetting entry? Choose the correct answer

Posting of a guarantee of payment

Down payment request

Bank posting of a received down payment

47. Your SAP S/4HANA system is integrated with controlling. You perform cost of sales accounting, and you report your profit and loss per profit center.

When posting a supplier invoice to a primary cost account, which field is mandatory by standard procedures?

Business Area

Segment

Cost Center

Functional Area

48. Which field can you change on a posted invoice?

Cost center

Payment terms

Tax code

Special G/L indicator

49. What are the benefits of public cloud deployments of SAP S/4HANA? Note: There are 2 correct answers to this question

One-time license investment

Increased customizing flexibility

IT cost savings

Always up to date

50. What are the results when you post an outgoing partial payment? There are 2 correct answers to this question.

A payment block is set on the invoice.

A payment is created with reference to the invoice.

The initial invoice is cleared.

The initial invoice remains open.

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51. Which of the following can you use for multiple programs with variants that are to be processed automatically? Choose the correct answer.

Online transactions

Task list template

Flow definition

Remote tasks

52. When procurement transactions are posted, which of the following steps is exclusively carried out in Materials Management? There are 2 correct answers to this question.

Insert function

Save function

Hold function

Parking function

53. Which fields can you edit before posting a parked document? Note: There are 3 correct answers to this question.

Account

Document type

Currency

Amount

Posting date

54. You want to make the Reference Document Number field required for entry .

Which object controls this setting? Please choose the correct answer.

Document field status

Document posting key

Document reference key

Document type

55. How many cash discount periods can be entered in the terms of payment? Choose the correct answer.

56. For which type of account is the line item display generally active? Choose the correct answer.

Reconciliation account

Customer account

Special general ledger account

Vendor account

57. What is the recommended field status setting for fields in the customer-vendor account groups in the Financial Accounting customizing? Please choose the answer:

Display

Optional

Required

Hide

58. Your customer wants to start using SAP S/4HANA line-of-business solutions .

Which of these solutions help you run human resource management processes? Note: There are 2 correct answers to this question.

SAP Hybris

SAP Success Factors

SAP Concur

SAP Fieldglass

59. What happens to the transaction figures when you post a normal reversal posting?

They are increased.

They are cleared.

They are reset.

They are deleted

60. Which of the following control data is carried by asset classes? Choose the correct answers. (3)

Account determination

Number range interval

Screen layout

Insurance type

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61. You want to post journal entries in a special period .

Which conditions must be met? There are 2 correct answers to this question

The special period must be open for posting in the period control.

You must have specific authorization to post in special periods.

The balance carry-forward to the new fiscal year must have taken place.

You must enter a posting date in the last posting period.

62. What is the maximum number of steps possible in validation? Choose the correct answer.

999

566

199

63. Which of the following is the first step in the variant principle? Choose the correct answer.

Define variant

Create multiple variants

Assign the variant to the objects

Determine values for the variant

64. What are the features of the Accrual Engine in SAP S/4 HANA? There are 2 correct answers to this question.

The fiscal year variant of the general ledger is supported.

The Fl reversal is NOT supported.

Complex postings with more than two line items are NOT possible.

All currencies of general ledger are supported.

65. What type of architecture does SAP Business Workflow use? Choose the correct answer.

Single-tier

Two-tier

Three-tier

Four-tier

66. Identify the reasons for archiving data. Choose the correct answers. (3)

Lowering the effort involved in database administration.

Using data as a backup.

Improving response times and ensuring good response times.

Reducing the system downtime when carrying out software upgrades, recoveries, and (offline) database backups.

67. You have to run the foreign currency valuation for both US GAAP and IFRS, which leads to different values for the two different accounting principles.

How can you set this up in the system?

Define two valuation areas and two accounting principles with relevant links to ledgers

Define a valuation area and ledger group for two ledgers to link with the new valuation area

iDefine two valuation methods and assign the accounting principles to the new valuation methods

Define a valuation area and extension ledger to link with the new valuation area

68. Identify the three types of tolerances in accounting. Choose the correct answers. 3

Employee tolerance groups

Special account tolerance groups

G/L account tolerance groups

Customer/vendor tolerance groups

69. What do you configure to allow cross-company-code transactions? Note- There are 2 correct answers to this question.

Clearing accounts

Account types

Special G/L indicator

Posting keys

70. What field can you change on a posted invoice?

Tax code

Special G / L indicator

Cost center

Payment terms.

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71. In your system, you currently perform manual outgoing payments and you want to use the automatic payment program.

Which settings must you maintain as part of the configuration of the automatic payment program?

Bank determination

Special G/L indicators

Payment terms

Paying company codes

72. You want to edit a dunning proposal .

What actions can you perform to edit a dunning proposal? There are 3 correct answers to this question.

Lower the dunning level of an item

Change the dunning data of an account

Block an account

Block a line item

Change a document

73. During which actions does the system assign the document number for Financial Accounting? There are 2 correct answers to this question.

Simulate

Hold

Park

Post

74. A vendor is also a customer. The payment program has to clear the open items .

Which setting has to be maintained for the business partner?

The alternative payer and payee

The same bank details

The same payment method

The account link

75. Which SAP technological product provides the platform required for SAP to support the digital transformation of anorganization? Please choose the correct answer.

SAP HANA

SAP Net Weaver

SAP CRM

SAP Fiori

76. Which field status has the lowest priority (G/L accounts)? Choose the correct answer.

Required entry

Display

Optional entry

Hide

77. SAP S/4HANAis 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.

SAP Success Factor

SAP Fieldglass

SAP C/4HANA

SAP Ariba

78. When you post a manual incoming payment, which parameters are valid for all payment documents? Note: There are 2 correct answers to this question.

Bank account

Residual item

Tolerance group

Journal entry type

79. What are some of the benefits of SAP S/4HANA? Note: There are 2correct answers to this question.

The data is aggregated on the fly from any line item table

The data is summarized into higher levels of aggregates to help system performance

The data is available in real time at line item detail

The data is analyzed after it is extracted and loaded in the reporting system

80. Which requirements do you need to fulfill to use data aging for Finance in the SAP S/4HANA system? Note: There are 3 correct answers to this question.

Activate aging on SAP HAN

Define the logical file path as a global path for data aging

Add required authorizations for data aging to your role.

Switch on the data aging business function

Activate data aging for your company code.

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81. In the integrated scenario for down payments, in what step of the process do you enter the down payment information?

Goods receipt creation

Purchase order creation

Invoice verification

Down payment monitoring

82. In stock valuation, which of the following groups of stocks are valuated? Choose the correct answers. 3

Goods invoiced

Finished goods

Work in process

Raw materials, supplies, and consumables

83. Which of the following types of tasks are available in the Financial Closing Cockpit application? Choose the correct answers.

Flow definition

Online transactions

Remote tasks

Task list template

84. Which of the following statements best describe how core data services (CDS) are developed?

They are developed in the ABAPlayer of the SAP S/4HANA system by the Analytics end user.

They are developed in the SAP HANA database layer by the IT user.

They are developed in the SAP HANA database layer by the Analytics key user.

They are developed in the ABAP layer of the SAP S/4HANA system by the IT user.

85. Which of the following original Management Accounting objects can you assign in the asset master record? Choose the correct answers. 3

Cost element

Activity type

Order

Cost center

86. Which deployment options exist for SAP S4HANA? Note: There are 3 correct answers to this question.

Hybrid deployment

Central hub deployment

Cloud deployment

Agile deployment

On-premise deployment

87. Identify some of the fields related to the depreciation area in the asset master record. Choose the correct answers. (3)

Scrap value

Depreciation start

Useful life

Asset description

88. Which data model is used for SAP S/4HANA?

Online transactional processing (OLTP) and online analytical processing (OLAP) both running on a single system.

Online transactional processing (OLTP) for on-premise deployments and online analytical processing (OLAP)for Cloud deployments.

Online transactional processing (OLTP) and online analytical processing (OLAP) each using data from separate tables.

Online analytical processing (OLAP) that is based on aggregated tables and indexes.

89. How many posting period intervals in SAP S/4HANA are used for postings of Financial Accounting (FI) and Controlling (CO)?

90. What are some of the personalization options available to users in their SAP Fiori launchpad environment? Note: There are 3 correct answers to this question.

Users can remove applications that they do NOT use

Users can add applications for filtered report results

Users can add applications from the catalog assigned to them

Users can remove devices that they do NOT use

Users can add new devices from the catalog assigned to them

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91. 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.

It is possible to post special tax depreciation and investment support for assets under construction.

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 credit memos, even after assets under construction are fully capitalized.

92. Which of the following functions include the important functions of the SAP List Viewer tool? Choose the correct answers. (3)

Defining print parameters

Deleting and inserting columns

Calculating totals and subtotals

Setting filters

93. What are the pillars of the SAP Fiori user experience paradigm? Note: There are 3 correct answers to this question.

Responsive

User-based

Simple

Role-based

Vibrant

94. Which of the following parameters can be changed on a time-dependent basis? Choose the correct answers. 3

Depreciation start date

Depreciation key

Variable depreciation portion

Useful life (year or period)

95. 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.

Posting period variant must be created and assigned

Tax types and tax codes must be maintained

Line item text templates must be maintained

Number range and document types must be maintained

96. Which of the following activities does the system performduring the payment run? Choose the correct answers. 3

The system makes postings to the G/L and AP/AR subledgers.

The system clears open items.

The system supplies the print programs with necessary data.

The system exports a list of documents to be paid.

97. 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

98. Which statements best describe a profit center? Note: There are 2 correct answers to this question.

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

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

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.

99. Which information is checked by the system before a general ledger account k archived?

The Open item Management indicator is set in master data

The Mark for Deletion indicator is set in master data

The Blocked for Posting indicator is set in master data.

The assigned group account is already archived.

100. Which statement best describes the normal reversals functionality?

Executes the inverse posting by increasing the transaction figures.

Executes the inverse posting of a cleared document before resetting it.

Executes an inverse posting by resetting the transaction figures.

Executes a transfer posting by resetting the transaction figures.

Page 11 of 12

101. On what basis does the system determine the period for the asset retirement? Choose the correct answer.

Net book value

Asset value date (asset retirement date)

102. What is the maximum dunning level that can be assigned to a dunning procedure? Choose the correct answer.

103. Howcan you perform transfers of assets between company codes with different charts of depreciation? Please choose the correct answer.

Configure the cross-company depreciation areas in customizing.

Correct depreciation area assignment in the asset master record after posting.

Assign the group chart of depreciation to the relevant fixed assets.

Enter depreciation area mapping during intercompany transfer posting.

104. Which of the following are the different history sheet groups that each version of asset history sheets can contain? Choose the correct answers. 3

Acquisitions

Reposting

Book values at the end of the fiscal year

Imputed interest

105. Which of the following methods does the depreciation key define? Choose the correct answers. (3)

Multilevel method

Period control method

Base method

Asset sheet valuation method

106. What fields of a financial accounting document influence the automatic payment program? There are 3 correct answers to this question.

Payment type

Payment advice

Payment method

Payment term

Payment block.

107. What does the year-end closing program in Asset Accounting do? Note: There are 3 correct answers to this question.

It blocks all postings to Asset Accounting for the closed fiscal years.

It posts all remaining depredation and imputed interest.

It checks whether the depreciation is posted completely for the fiscal year.

It settles all assets under construction with values and maintained settlement rules.

It indicates if any of the created asset master records contain errors or are incomplete.

108. You are responsible for configuring document splitting .

What are some of the key settings? Note: There are 2 correct answers to this question.

Field status variant

Business transaction variant

Document number range

Document type

109. Identify the fields that cannot be changed while changing parked documents. Choose the correct answers. (3)

Currency

Account assignment objects

Company code

Document type or document number

110. 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?

Controlling area

Company

Company code

Segment

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111. Which of the following tolerance groups should every company code always have? Choose the correct answer.

Named

Defined

Special

Blank

112. What information is provided when you execute the balance audit trail? Please choose the correct answer.

A list of changes of maintained sensitive fields in general ledger accounts

The open account balances for customer accounts and supplier accounts

The starting balance and the yearly changes to the balance of a general ledger account

A comparison of general ledger account balances across ledgers

113. For which of the following transactions can you use noted items? Choose the correct answer

Vendor payment

Down payment request

Late payment

Customer payment

114. Which deployment options exist for SAP S4 HANA? Note: There are 3 correct answers to this question.

Agile deployment

Central hub deployment

Cloud deployment

On-premise deployment

Hybrid deployment

C_TS4FI_2020 Exam Questions SAP Certified Application Associate

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