[2021] C-TS4FI-2020 Exam Dumps, Test Engine Practice Test Questions
Pass C-TS4FI-2020 exam [Dec 15, 2021] Updated 278 Questions
NEW QUESTION 23
Which closing activities are used in external reporting as per SAP best practices?
There are 2 correct answers to this question.
Response:
- A. Perform valuations of open items in foreign currency.
- B. Reclassify receivables and payables.
- C. Update product cost estimates.
- D. Execute the plan cost center assessment cycle.
Answer: A,B
NEW QUESTION 24
Which of the following special G/L transactions are noted items?
Note: There are 2 correct answers to this question.
Response:
- A. Down payment request
- B. Bill of exchange payment request
- C. Down payment
- D. Guarantee of payment
Answer: A,B
NEW QUESTION 25
Which of the following are the month-end closing activities for external purposes? Choose the correct answers. 3
- A. Close the old period
- B. Post goods issues for deliveries to customers
- C. Create external and internal reports
- D. Perform foreign currency valuations
Answer: A,C,D
NEW QUESTION 26
What is the recommended organizational unit for cost-of-sales accounting?
Please choose the correct answer
Response:
- A. Functional area
- B. Business area
- C. Sales area
- D. Controlling area
Answer: A
NEW QUESTION 27
What field can you change on a posted invoice?
- A. Cost center
- B. Special G / L indicator
- C. Payment terms.
- D. Tax code
Answer: D
NEW QUESTION 28
For which special G/L indicator do you specify a target special G/L indicator?
Please choose the correct answer.
Response:
- A. Guarantee given
- B. Vendor down payment request
- C. Customer down payment
- D. Bill of exchange
Answer: B
NEW QUESTION 29
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?
- A. Special G/L indicators
- B. Paying company codes
- C. Bank determination
- D. Payment terms
Answer: B,C
NEW QUESTION 30
What object determines the number range for business partner master data?
- A. Business partner grouping
- B. Business partner type
- C. Business partner role
- D. Business partner category
Answer: A
NEW QUESTION 31
In addition to the local and global currency in the universal journal, how many freely defined currencies can you assign per company code and ledger.
- A. 0
- B. 1
- C. 2
- D. 3
Answer: A
NEW QUESTION 32
Where can an SAP Fiori end user change the theme of their launchpad? Please choose the correct answer.
- A. In the Me area of the launchpad
- B. In the Tile Group area of the launchpad designer
- C. In the Ul theme designer
- D. In the Tile Catalog area of the launchpad designer
Answer: A
NEW QUESTION 33
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. Tax code
- B. Condition Type
- C. Account or transaction key
- D. Sequence of steps
- E. Country key
Answer: B,C,D
NEW QUESTION 34
What should you do to set up a new exchange rate type in SAP S / 4HANA? There are 2 correct answers to this question.
- A. Specify the direct or indirect quotation.
- B. Maintain exchange rates daily
- C. Specify a purpose for the exchange rate.
- D. Set up the relationship between currencies using conversion rates.
Answer: A,B
NEW QUESTION 35
Which statements best describe a chart of depreciation?
There are 2 correct answers to this question.
Response:
- A. A chart of depreciation contains multiple depreciation areas with a provision for addition and deletion of depreciation areas.
- B. A chart of depreciation is mandated by a country's statutory requirement and should be adopted as is.
- C. A chart of depreciation is company-code-specific; therefore, two company codes CANNOT use the same chart of depreciation.
- D. A chart of depreciation is a country-specific object that is delivered with SAP S/4HANA.
Answer: A,D
NEW QUESTION 36
You need to enter a percentage rate in the terms of payment to calculate_____ Please choose the correct answer.
Response:
- A. Debit amount
- B. Cash discount
- C. Credit amount
- D. Invoice discount
Answer: B
NEW QUESTION 37
To reduce the load on the system, what should you do with the older documents that exist in the database? Choose the correct answer.
- A. Extract and delete
- B. Backup and delete
- C. Delete
- D. Archive and delete
Answer: D
NEW QUESTION 38
Identify the steps performed during the general ledger closing operations for the fiscal year.
There are 3 correct answers to this question.
Response:
- A. Vendor invoices are posted.
- B. The balance carry forward program is run.
- C. Accruals are carried out.
- D. Foreign currency documents are valuated.
Answer: B,C,D
NEW QUESTION 39
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. Create monthly postings on any date of a month.
- C. Set rules to distribute amounts to be posted.
- D. Obtain an overview of related future postings.
Answer: B,D
NEW QUESTION 40
Cleared items contain which of the following pieces of information? Choose the correct answers. (2)
- A. Archival information
- B. Due date
- C. Clearing document number
- D. Clearing date
Answer: C,D
NEW QUESTION 41
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?
- A. iDefine two valuation methods and assign the accounting principles to the new valuation methods
- B. Define a valuation area and extension ledger to link with the new valuation area
- C. Define two valuation areas and two accounting principles with relevant links to ledgers
- D. Define a valuation area and ledger group for two ledgers to link with the new valuation area
Answer: A
NEW QUESTION 42
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. Goods receipt date
- B. Entry Date
- C. Document date
- D. Value date
- E. Posting date
Answer: B,C,E
NEW QUESTION 43
Which items can you clear with the automatic clearing program?
Response:
- A. Items with withholding tax entries
- B. Noted items
- C. Bank transaction items
- D. Statistical postings
Answer: C
NEW QUESTION 44
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 in Real Time
- C. Area Posts Depreciation Only
- D. Area Posts APC Immediately, Depreciation Periodically
Answer: B
NEW QUESTION 45
Which of the following are possible reasons that an invoice would not be paid? Choose the correct answers. (3)
- A. The payment amount is less than the minimum amount specified for a payment.
- B. The discount period has expired.
- C. An invalid house bank is selected.
- D. The invoice has a debit balance.
Answer: A,C,D
NEW QUESTION 46
......
SAP S/4HANA Financial Accounting Certification Exam Topics:
| Topic Areas | Topic Details, Courses, Books | Weighting |
|---|---|---|
| Accounts Payable & Accounts Receivable | Create and maintain business partners, post invoices and payments and use special g/l transactions, reverse invoices and payments, block open invoices for payment, configure the payment program, and manage partial payments. Define the customizing settings for the Payment Medium Workbench, use the debit balance check for handling payments, define terms of payment and payment types, explain the connection of customers to vendors, describe integration with procurement and sales. TS4F01 (SAP S/4HANA 2020) | > 12% |
| Asset Accounting | Create and maintain charts of depreciation and the depreciation areas, asset classes, asset master data, and configure and perform FI-AA business processes in the SAP system. Set up valuation and depreciation, perform periodic and year-end closing processes, and explain and configure parallel accounting. TS4F02 (SAP S/4HANA 2020) | > 12% |
| Organizational Assignments and Process Integration | Manage Organizational Units, currencies, configure Validations and Document Types, utilize Reporting Tools, configure Substitutions, and manage Number ranges. TS4F01 (SAP S/4HANA 2020) | > 12% |
| Overview and Deployment of SAP S/4HANA | Explain the SAP HANA Architecture and describe the SAP S/4HANA scope and deployment options. TS4F01 (SAP S/4HANA 2020) | < 8% |
| Financial Closing | Perform month and year-end closing in Financial Accounting (exchange rate valuation, post provisions etc.), create balance sheet, create profit and loss statements, monitor closing operations using the Financial Closing Cockpit, manage accruals, and manage posting periods. TS4F02 (SAP S/4HANA 2020) | > 12% |
SAP C-TS4FI-2020 Real 2021 Braindumps Mock Exam Dumps: https://www.latestcram.com/C-TS4FI-2020-exam-cram-questions.html
SAP C-TS4FI-2020 Actual Questions and 100% Cover Real Exam Questions: https://drive.google.com/open?id=1degH4TuspTHXJlueEBQUJQ9JEFvNOsn-
