C-TS4FI-2020 Sample Practice Exam Questions 2023 Updated Verified
Exam Study Guide Free Practice Test LAST UPDATED C-TS4FI-2020
The SAP C_TS4FI_2020 Certification Exam covers a wide range of topics related to SAP S/4HANA for Financial Accounting, including financial accounting basics, general ledger accounting, accounts payable and accounts receivable, asset accounting, and financial closing. The exam is designed to assess the candidate's understanding of these topics and their ability to apply this knowledge to real-world scenarios.
NEW QUESTION # 42
What are the results when you post an outgoing partial payment? There are 2 correct answers to this question.
- A. The initial invoice remains open.
- B. A payment is created with reference to the invoice.
- C. The initial invoice is cleared.
- D. A payment block is set on the invoice.
Answer: A,B
NEW QUESTION # 43
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.
- A. Material ledger currency
- B. Local currency
- C. Group currency
- D. Transaction currency
Answer: B,C
NEW QUESTION # 44
How does the system determine the correspondence type of a payment notice?
- A. According to the tolerance group, as long as all the reason codes carry the same correspondence type
- B. According to the reason code, as long as all the tolerance groups carry the same correspondence type
- C. According to the reason code, as long as all the reason codes carry the same correspondence type
- D. According to the tolerance group, as long as all the tolerance groups carry the same correspondence type
Answer: B
NEW QUESTION # 45
Which currency types can you set in customizing activity "define setting for ledgers and currency type"? There are 2 correct answers to this question.
- A. Local Currency
- B. Transaction Currency
- C. Material Ledger Currency
- D. Group Currency
Answer: C,D
NEW QUESTION # 46
Identify the callup points that have been provided for Financial Accounting (F1). Choose thecorrect answers.
(2)
- A. Controlling area
- B. Document header
- C. Organizational unit
- D. Document line
Answer: B,D
NEW QUESTION # 47
Which items can you clear with the automatic clearing program?
Response:
- A. Statistical postings
- B. Noted items
- C. Items with withholding tax entries
- D. Bank transaction items
Answer: D
NEW QUESTION # 48
On which database is SAP S/4HANA built to run?
- A. On all modem enterprise level databases
- B. Ona select list of SAP and third-party databases
- C. On all databases that support columnar data storage
- D. Only on SAp HANA
Answer: D
NEW QUESTION # 49
Which statements best describe a chart of depreciation?
There are 2 correct answers to this question.
Response:
- A. A chart of depreciation is company-code-specific; therefore, two company codes CANNOT use the same chart of depreciation.
- B. A chart of depreciation is a country-specific object that is delivered with SAP S/4HANA.
- 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 mandated by a country's statutory requirement and should be adopted as is.
Answer: B,C
NEW QUESTION # 50
What is the format of a company code key? Choose the correct answer.
- A. Eight-digit alphanumeric
- B. Four-digit alphanumeric
- C. Six-digit alphanumeric
- D. Two-digit alphanumeric
Answer: B
NEW QUESTION # 51
Financial statement versions consist of a maximum of 10 hierarchy levels. Determine whether this statement is true or false.
Response:
- A. True
- B. False
Answer: B
NEW QUESTION # 52
What does the year-end closing program in Asset Accounting do? Note: There are 3 correct answers to this question.
- A. It indicates if any of the created asset master records contain errors or are incomplete.
- B. It posts all remaining depredation and imputed interest.
- C. It checks whether the depreciation is posted completely for the fiscal year.
- D. It blocks all postings to Asset Accounting for the closed fiscal years.
- E. It settles all assets under construction with values and maintained settlement rules.
Answer: A,C,D
NEW QUESTION # 53
Which documents are needed to complete the 3-way match in procurement transactions? Note:There are 3 correct answers to this question.
- A. Purchase requisition
- B. Purchase order
- C. Material document
- D. Invoice receipt
- E. Goods receipt
Answer: B,D,E
NEW QUESTION # 54
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.
- A. Company code
- B. Supplier account
- C. General ledger account
- D. Bank master data
- E. Payment method
Answer: A,C,D
NEW QUESTION # 55
Identify some of the fields related to the depreciation area in the asset master record. Choose the correct answers. (3)
- A. Depreciation start
- B. Scrap value
- C. Asset description
- D. Useful life
Answer: A,B,D
NEW QUESTION # 56
Which requirements do you need to fulfill to use data aging for Finance in the SAP S/4HANA system? Note: There are 2 correct answers to this question.
- A. Archive transactional data no longer legally required
- B. Switch on the data aging business function.
- C. Add required authorizations for data aging to your role
- D. Define the logical file path as a global path for data aging
Answer: A,B
NEW QUESTION # 57
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 create 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 create an app to take you directly to the cash position of the North American business market.
- D. You can adapt the launchpad color theme according to predefined values for the cash report
Answer: A,C
NEW QUESTION # 58
Which of the following objects are relevant to the dunning program configuration? Choose the correct answers. 3
- A. Expenses or charges
- B. Minimum amounts
- C. Dunning levels
- D. Bank selection
Answer: A,B,C
NEW QUESTION # 59
A message can contain up to six fields. Determine whether this statement is true or false.
Response:
- A. True
- B. False
Answer: B
NEW QUESTION # 60
Which of the following components make up an archiving object? Choose the correct answers.
- A. Programs
- B. Data declaration part
- C. Variables
- D. Customizing settings
Answer: A,B,D
NEW QUESTION # 61
Which prerequisites must be fulfilled to allow for negative postings of journal entries? There are 2 correct answers to this question
- A. The company code must allow negative postings.
- B. The posting key must allow negative postings.
- C. The reversal accounts must be configured to allow negative postings.
- D. The reversal reason must be configured to allow negative postings.
Answer: A,D
NEW QUESTION # 62
In the integrated scenario for down payments, in what step of the process do you enter the down payment information?
Response:
- A. Purchase order creation
- B. Invoice verification
- C. Goods receipt creation
- D. Down payment monitoring
Answer: A
NEW QUESTION # 63
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The SAP C-TS4FI-2020 certification exam covers a range of topics related to SAP S/4HANA Financial Accounting. The topics include financial accounting basics, financial closing, accounts payable, accounts receivable, asset accounting, and financial statements. The exam also covers the integration of financial accounting with other SAP modules, such as logistics and controlling.
The New C-TS4FI-2020 2023 Updated Verified Study Guides & Best Courses: https://prep4sure.examtorrent.com/C-TS4FI-2020-exam-papers.html
