C_TS4FI_2020 by SAP Actual Free Exam Q&As

Question 1

What is the purpose of period interval 3 when you define open and closed periods?

A. Posting from CO to Fl B. Posting to special purpose ledger C. Posting to special periods D. Authorization control for posting periods

Discussion 0

Correct Answer: A Vote an answer

Question 2

On which levels can you maintain field status controls for business partners (BP)? Note:There are 2 correct answers to this question.

A. BP category B. BP type C. Company code D. BP role

Discussion 0

Correct Answer: B,D Vote an answer

Question 3

You have been asked to set up house banks as part of the implementation. What information do you need?

A. Payment method B. General ledger account C. Bank master data D. Company code E. Supplier account

Discussion 0

Correct Answer: B,C,D Vote an answer

Question 4

For which account can you perform account clearing in SAP S/4HANA?

A. For any account that is managed on an open item basis B. For any balance sheet account. C. For any GL account defined as reconciliation account D. For any account that is managed on a line item basis.

Discussion 0

Correct Answer: C Vote an answer

Question 5

Which parameter indicates that a line item can only be dunned with restrictions?

A. Dunning key B. Dunning area C. Dunning block reason D. Dunning group

Discussion 0

Correct Answer: A Vote an answer

Question 6

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?

A. Segment B. Internal Order C. Cost Center D. Functional Area

Discussion 0

Correct Answer: C Vote an answer

Question 7

Which of the following statements are valid for financial document number ranges? Note:There are 3 correct answers to this question.

A. Financial document number ranges are defined at company code level. B. All financial document number ranges can contain numbers and/or letters. C. the same financial document number range can be assigned to several document types. D. Financial document number ranges must be defined for the year in which they are used. E. Financial document number ranges defined at client level should NOT overlap.

Discussion 0

Correct Answer: A,B,C Vote an answer

Question 8

Which of the following statements best describe how customer down payments are integrated with Sales & Distribution (SD)?

A. A down payment request is created as an SD sales order, which is automatically posted in Fl as a noted item. B. A down payment request is created as an SD billing document, which is automatically posted in Fl as a noted item C. A down payment request is created as an Fl noted item, which automatically generates an SD sales order D. A down payment request is created as an Fl noted item, which automatically generates an SD billing document.

Discussion 0

Correct Answer: B Vote an answer

Question 9

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

A. The data is aggregated on the fly from any line item table. B. The data is available in real time at line item detail. C. The data is analyzed after it is extracted and loaded in the reporting system. D. The data is summarized into higher levels of aggregates to help system performance.

Discussion 0

Correct Answer: A,B Vote an answer

SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2020) - C_TS4FI_2020 Exam Practice Test