C_TS4FI_2020 Free Exam Questions and Answers PDF Updated on Jun-2023
Latest C_TS4FI_2020 Exam Dumps Recently Updated 82 Questions
The SAP C-TS4FI-2020 exam is a rigorous and comprehensive test of the candidate's knowledge and skills in SAP S/4HANA for Financial Accounting. Passing the exam requires dedication, hard work, and a deep understanding of the topics covered. However, achieving SAP certification can be a valuable achievement for professionals seeking to advance their careers in the financial accounting industry.
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 # 31
What is the purpose of the group account number in General Ledger account master data maintenance? Please choose the correct answer.
- A. It determines the fields in the entry screen when you create or update a master record in the company code
- B. It defaults the number interval that is applied for the G/L account number in the company code.
- C. It acts as the key to identify the balance sheet and profit-and-loss accounts in the financial statement version.
- D. It is used for cross-company-code reporting if the company codes use different charts of account.
Answer: D
NEW QUESTION # 32
The dunning run is made up of three main steps that happen in a particular sequence. What is the correct sequence of steps?
- A. Dun line items
- B. V
- C. Account selection
- D. Dun account
Answer: C
NEW QUESTION # 33
What kind of customization can users do on their launchpad? There are 2 correct answers to this question.
- A. Create their own tile groups.
- B. Change the icons on tiles.
- C. Change the names of tiles.
- D. Change the name of tile groups
Answer: A,D
NEW QUESTION # 34
During which actions does the system assign the document number for Financial Accounting? There are 2 correct answers to this question.
- A. Park
- B. Hold
- C. Post
- D. Simulate
Answer: A,C
NEW QUESTION # 35
On what basis does the system determine the period for the asset retirement?
Please choose the correct answer.
Response:
- A. Net book value
- B. Asset value date (asset retirement date)
Answer: B
NEW QUESTION # 36
Which of the following logistic processes are involved in asset acquisition with materials management (MM)?
There are 3 correct answers to this question.
Response:
- A. Purchase requisition
- B. Purchase order
- C. Goods receipt
- D. Inventory receipt
Answer: A,B,C
NEW QUESTION # 37
Which of the following segments contains the general data of a customer or vendor that can be accessed throughout the organization? Choose the correct answer.
- A. Account level
- B. Organization level
- C. Client level
- D. Company code
Answer: C
NEW QUESTION # 38
At what level is the bank master data stored in SAP S/4HANA?
- A. At client level
- B. At controlling area level
- C. At company code level
- D. At company level
Answer: A
NEW QUESTION # 39
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?
- A. The account link
- B. The alternative payer and payee
- C. The same bank details
- D. The same payment method
Answer: A
NEW QUESTION # 40
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. Your own financial statement version
- B. Your own application tile
- C. Your own application catalog
- D. Your own application group
Answer: B
NEW QUESTION # 41
Which dates can you use for tax calculation? There are 2 correct answers to this question.
- A. Due date
- B. Posting date
- C. Document date
- D. Entry date
Answer: B,C
NEW QUESTION # 42
What is the purpose of the chart of depreciation?
- A. The chart of depreciation is a reporting tool that structures your assets for hierarchical reports.
- B. The chart of depreciation defines the asset classes for which you can create fixed assets.
- C. The chart of depreciation facilitates country-specific legal valuation of fixed assets.
- D. The chart of depreciation substitutes the operational chart of accounts in asset-related postings.
Answer: C
NEW QUESTION # 43
Which of the following should you consider when defining asset number ranges? Note:There are 2 correct answers to this question. \/ CH Each asset class can
- A. Asset number ranges are defined at chart of depreciation level.
- B. Asset number ranges are defined for asset classes and are company code specific.
- C. have either an internal or external number range.
- D. Each asset number range must be assigned to a unique asset class
Answer: B,C
NEW QUESTION # 44
Which activities can you perform with a recurring journal entry? Note: There are 2 correct answers to this question
- A. Determine the number of postings.
- B. Obtain an overview of related future postings.
- C. Set rules to distribute amounts to be posted.
- D. Create monthly postings on any date of a month.
Answer: B,D
NEW QUESTION # 45
Which of the following objects are relevant to the dunning program configuration? Choose the correct answers. 3
- A. Minimum amounts
- B. Dunning levels
- C. Expenses or charges
- D. Bank selection
Answer: A,B,C
NEW QUESTION # 46
What is the purpose of the group account number in General Ledger account master data maintenance?
Response:
- A. It determines the fields in the entry screen when you create or update a master record in the company code
- B. It defaults the number interval that is applied for the G/L account number in the company code.
- C. It acts as the key to identify the balance sheet and profit-and-loss accounts in the financial statement version.
- D. it is used for cross-company-code reporting if the company codes use different charts of account.
Answer: D
NEW QUESTION # 47
The usage of which of the following depreciation types can be activated per depreciationb area? Choose the correct answers. (3)
- A. Unplanned depreciation
- B. Scheduled depreciation
- C. Ordinary depreciation
- D. Special depreciation
Answer: A,C,D
NEW QUESTION # 48
You are configuring depreciation areas in Asset Accounting. Which of the following settings is NOT permitted?
Please choose the correct answer.
Response:
- A. Area posts depreciation only
- B. Area posts in real time
- C. Area does not post
- D. Area posts revaluation only
Answer: D
NEW QUESTION # 49
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