C-TS4FI-2020 Exam Training Practice Tests (SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2020))]

Question 1

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. Switch on the data aging business function. B. Archive transactional data no longer legally required C. Define the logical file path as a global path for data aging D. Add required authorizations for data aging to your role

Correct Answer: A,B

Question 2

What does the document type control?
Note: There are 2 correct answers to this question.

A. Whether exchange rate differences are permitted B. Which account types are allowed for postings C. Which posting keys are allowed for postings D. Whether negative postings are permitted

Correct Answer: B,D

Question 3

You are getting ready to post your first simple general ledger document using the SAP Fiori app for posting in a test environment. What configuration items do you need to set up to post a simple document? Note:There are 2 correct answers to this question.

A. Number range and document types must be maintained. B. Line item text templates must be maintained C. The posting period variant must be created and assigned. D. Tax types and tax codes must be maintained.

Correct Answer: A,C

Question 4

You are running an international business and you want to set up separate legal entities to run operations and perform accounting activities.
Which organizational unit do you need to create for each legal entity?

A. Consolidation group B. Company code C. Segment D. Company

Correct Answer: B

Question 5

In customizing, at which levels can you assign the print program to the correspondence type? Note: There are 2 correct answers to this question.

A. At company code level B. At client level C. At system level D. At business partner level

Correct Answer: A

Question 6

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

Correct Answer: D

Question 7

How does the system perform normal journal entry reversals?

A. It creates an inverse posting by resetting the transaction figures B. It creates a transfer posting by resetting the transaction figures C. It creates an inverse posting by increasing the transaction figures D. It creates the inverse posting of a cleared document before resetting it.

Correct Answer: C

Question 8

How do you identify an asset as an asset under construction?

A. The asset capitalization date is empty. B. The asset belongs to a specific asset class. C. The asset is assigned to NO depreciation area D. The ordinary depreciation start date is empty.

Correct Answer: B

Question 9

Which steps are required to create a substitution in Financial Accounting? Note:There are 3 correct answers to this question.

A. Assign the substitution rule to the controlling area. B. Choose the area of application GL. C. Select act vat on Ievel2 D. Define the substitution rule with its different steps using the formula editor. E. Select the correct call-up point.

Correct Answer: D,E

SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2020) - C-TS4FI-2020 Exam Practice Test