Pass Your SAP C-TS4FI-2020 Exam with Correct 268 Questions and Answers
Latest [Jan 26, 2022] 2022 Realistic Verified C-TS4FI-2020 Dumps
C-TS4FI-2020 Exam Certification Details:
| Sample Questions: | SAP C-TS4FI-2020 Exam Sample Question |
| Level: | Associate |
| Exam: | 80 questions |
| Languages: | German, English |
| Cut Score: | 59% |
| Duration: | 180 mins |
SAP C-TS4FI-2020 Exam Description:
The "SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2020)" certification exam verifies that the candidate possesses fundamental knowledge and proven skills in the area of SAP S/4HANA Financial Accounting. It tests that the candidate has a good overall understanding within this consultant profile and can implement this knowledge practically in projects under the guidance of an experienced consultant. It is recommended as an entry-level qualification to allow consultants to get acquainted within Financial Accounting projects. This certificate is the ideal starting point for a professional career as a Financial Accounting consultant on SAP S/4HANA. If experience in SAP implementation projects of Financial Accounting are added over years, a professional career can be validated by taking a second exam: "SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Financials experts".
NEW QUESTION 124
What must you do to create new validations and substitutions?
Note There are 2 correct answers to this question.
Response:
- A. Choose the chart of accounts
- B. Deactivate all former validations and substitutions
- C. Select the relevant call-up point
- D. Define the area of application
Answer: C,D
NEW QUESTION 125
You are configuring accrual types for the accrual engine. For which postings is account determination required?
There are 2 correct answers to this question.
Response:
- A. Periodic only
- B. Closing Posting only
- C. Opening Posting only
- D. Opening and Closing Posting only
Answer: A,C
NEW QUESTION 126
Which of the following statements best describe how core data services (CDS) are developed?
- A. They are developed in the ABAP layer of theSAP S/4HANA system by the IT user.
- B. They are developed in the SAP HANA database layer by the Analytics key user.
- C. They are developed in the SAP HANA database layer by the IT user.
- D. They are developed in the ABAPlayer of the SAP S/4HANA system by the Analytics end user.
Answer: A
NEW QUESTION 127
For which activities can you use an extension ledger?
Note: There are 2 correct answers to this question.
Response:
- A. Configuration of custom fields for financial statements
- B. Parallel valuation of depreciation areas
- C. Simulation of foreign currency valuation
- D. Adjustments for consolidation purposes
Answer: C,D
NEW QUESTION 128
Which deployment options exist for SAP S4HANA?
Note: There are 3 correct answers to this question.
Response:
- A. Cloud deployment
- B. Agile deployment
- C. On-premise deployment
- D. Hybrid deployment
- E. Central hub deployment
Answer: A,C,D
NEW QUESTION 129
How does SAP S/4HANA reduce system complexity and improve system efficiency?
There are 2 correct answers to this question.
Response:
- A. By providing application code that deals with aggregates and indexes
- B. By removing views of data at runtime from the same source tables
- C. By providing views of data at runtime from the same source tables
- D. By removing application code that deals with aggregates and indexes
Answer: C,D
NEW QUESTION 130
Identify the application areas where validations and substitutions can be used.
There are 2 correct answers to this question.
Response:
- A. SD - Sales and Distribution
- B. FI - Financial Accounting
- C. AA - Asset Accounting
- D. CO - Cost Accounting
Answer: B,D
NEW QUESTION 131
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.
- A. It is possible tocalculate and post depreciation in the balance sheet depreciation area for assets under construction.
- B. It is possible to post credit memos, even after assets under construction are fully capitalized.
- C. It is possible to post special tax depreciation and investment support for assets under construction.
- D. It is impossible to use assets under construction with Investment Management.
Answer: B,C
NEW QUESTION 132
Which items can you clear with the automatic clearing program?
Response:
- A. Statistical postings
- B. Bank transaction items
- C. Items with withholding tax entries
- D. Noted items
Answer: B
NEW QUESTION 133
Which of the following special G/L transactions are noted items?
Note: There are 2 correct answers to this question.
Response:
- A. Guarantee of payment
- B. Bill of exchange payment request
- C. Down payment
- D. Down payment request
Answer: B,D
NEW QUESTION 134
What dunning-related data do you maintain on the business partner master record?
There are 3 correct answers to this question.
Response:
- A. Dunning area
- B. Dunning procedure
- C. Dunning interval
- D. Dunning key
- E. Dunning block
Answer: A,B,E
NEW QUESTION 135
What is the difference between the ledger approach and the accounts approach to parallel valuation in Asset Accounting?
Please choose the correct answer.
Response:
- A. In the ledger approach, you maintain additional depreciation areas to post the delta valuation of each accounting principle, unlike the accounts approach.
- B. In the accounts approach, you define a technical clearing account for integrated asset acquisitions, unlike the ledger approach.
- C. In the accounts approach, you assign a completely separate set of accounts for each accounting principle, unlike the ledger approach.
- D. In the ledger approach, you assign a ledger group to every depreciation area, unlike the accounts approach.
Answer: C
NEW QUESTION 136
In your SAP S/4HANA system, you report financial values for three separate accounting principles. You post an acquisition for an asset that is capitalized in a single accounting principle.
If you use the application to post integrated asset acquisitions, how many documents will the system post?
Please choose the correct answer.
Response:
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
NEW QUESTION 137
True or False: Anyone with an appropriate user name and password can log on to the SAP Fiori launchpad through a web browser.
Response:
- A. False
- B. True
Answer: B
NEW QUESTION 138
Which field can you change on a posted invoice?
Please choose the correct answer
Response:
- A. Special G/L indicator
- B. Tax code
- C. Cost center
- D. Payment terms
Answer: D
NEW QUESTION 139
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SAP S/4HANA Financial Accounting Certification Exam Topics:
| Topic Areas | Topic Details, Courses, Books | Weighting |
|---|---|---|
| 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% |
| 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% |
| 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% |
| General Ledger Accounting | Create and maintain general ledger accounts, exchange rates, bank master data and define house banks. Create and reverse general ledger transfer postings, post cross-company code transactions, create profit centers and segments. Clear an account and define and use a chart of accounts. Maintain tolerances, tax codes, and post documents with document splitting. 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% |
| 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% |
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