BEST Verified SAP C_TS4FI_2020 Exam Questions (2023)
The Best Practice Test Preparation for the C_TS4FI_2020 Certification Exam
SAP S/4HANA Financial Accounting Certification Exam Details:
| Sample Questions | SAP S/4HANA Financial Accounting Certification Sample Questions |
| Passing Score | C_TS4FI_2020 - 59% C_TS4FI_1900 - 57% |
| Exam Price | $550 (USD) |
| Exam Name | SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2020) SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 1909) |
| Exam Code | C_TS4FI_2020 |
| Reference Books | TS4F02 (SAP S/4HANA 2020) TS4F01 (SAP S/4HANA 2020) TS4F02 (SAP S/4HANA 1909) TS4F01 (SAP S/4HANA 1909) |
NEW QUESTION 14
A general ledger account has a foreign currency setting of CAD. The company code currency is USO. The controlling area currency is EUR.
Which currencies can you post to in this account?
- A. You can only post to the account in CAD and USD
- B. You can only post to the account in USD
- C. You can only post to the account in CAD
- D. You can only post to the account in CAD,USD, and EUR.
Answer: C
NEW QUESTION 15
Down payments received reduce the total of which of the following entities? Choose the correct answer.
- A. Bank balance
- B. Payables
- C. Receivables
- D. Inventory
Answer: C
NEW QUESTION 16
You want to define a validation for the combination of ledger account and cost center. For what point of call is this validation defined? Please select the correct answer.
- A. Document line
- B. Cost of sales accounting
- C. Document header
- D. Complete document
Answer: A
NEW QUESTION 17
What does the document splitting functionality do?
- A. It enriches all revenue account lines with the defined splitting characteristics
- B. It enriches all relevant balance sheet account lines with the defined splitting characteristics
- C. It enriches all secondary cost element account lines with the defined splitting characteristics
- D. It enriches all profit and loss account lines with the defined splitting characteristics
Answer: B
NEW QUESTION 18
Which edition of SAP S/4HANA introduced the universal journal?
- A. SAP Business Suite powered by SAP HANA
- B. SAP S/4HANA Cloud
- C. SAP S/4HANA Finance 1503
- D. SAP S/4HANA1511
Answer: C
NEW QUESTION 19
What are some of the personalization options available to users in your SAP Fiori launch pad environment?
There are 3correct answers to this question.
- A. Users can remove applications they DO NOT use.
- B. Users can remove devices they DO NOT use.
- C. Users can add new devices from the catalog assigned to them.
- D. Users can add applications for filtered report results.
- E. Users can add applications from the catalog assigned to them.
Answer: A,D,E
NEW QUESTION 20
What do you need to do to configure a new exchange rate type in SAP S/4HANA?
There are 2 correct answers to this question.
Response:
- A. Specify the direct or indirect quotation.
- B. Set up the relationship between currencies using translation ratios.
- C. Maintain exchange rates daily.
- D. Specify a purpose for the exchange rate type.
Answer: B,D
NEW QUESTION 21
Which of the following statements best describe a noted item? Note:There are 2 correct answers to this question.
- A. It can be used to remind the user about due payments.
- B. It updates the sub ledger and the general ledger.
- C. It can be accessed by the payment program.
- D. It has an automatic statistical offsetting entry.
Answer: A,C
NEW QUESTION 22
When procurement transactions are posted, which of the following steps is exclusively carried out in Materials Management? Choose the correct answer.
- A. Creation of purchase order
- B. Invoice receipt
- C. Goods receipt
Answer: A
NEW QUESTION 23
Which two reports should you use to create correspondence to and from customers and vendors to enable you to verify the balance of receivables and payables?
There are 2 correct answers to this question.
Response:
- A. SAPF130E
- B. SAPF130L
- C. SAPF130K
- D. SAPF130D
Answer: C,D
NEW QUESTION 24
What is the format of a company code key? Choose the correct answer.
- A. Four-digit alphanumeric
- B. Eight-digit alphanumeric
- C. Six-digit alphanumeric
- D. Two-digit alphanumeric
Answer: A
NEW QUESTION 25
Which of the following is an example of an automatic offsetting entry? Choose the correct answer.
- A. Bank posting of a received down payment
- B. Down payment request
- C. Posting of a guarantee of payment
Answer: C
NEW QUESTION 26
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. Account or transaction key
- B. Country key
- C. Tax code
- D. Sequence of steps
- E. Condition Type
Answer: A,D,E
NEW QUESTION 27
Document splitting is active in your company code. The splitting characteristic is the profit center. All accounts are assigned. You post a vendor invoice with a single expense that are all assigned to different profit Centers. The expense is changed with 10% VAT. How many line items are created in the Entry view and how many are created in the General Ledger view?
- A. Entry view: 3 General Ledger view: 9
- B. Entry view: 5 General Ledger view 7
- C. Entry view: 5 General Ledger view: 9
- D. Entry view: 3 General Ledger view 7
Answer: C
NEW QUESTION 28
Which is the most flexible SAP S/4HANA Cloud solution for customers?
Please choose the correct answer.
Response:
- A. Hybrid option
- B. Private option
- C. Public option
- D. Community option
Answer: B
NEW QUESTION 29
What is the purpose of period interval 3 when you define open and closed periods?
Please choose the correct answer.
Response:
- A. It is used for period lock in special purpose ledger.
- B. It is used for special period posting.
- C. It is used for posting from CO to FI.
- D. It is used for the authorization object for posting periods.
Answer: C
NEW QUESTION 30
Which prerequisites must be fulfilled to allow for negative postings of journal entries? Note:There are 2 correct answers to this question.
- A. The posting key must allow negative postings.
- B. The company code must allow negative postings.
- C. The reversal reason must be configured to allow negative postings.
- D. The reversal accounts must be configured to allow negative postings.
Answer: B,C
NEW QUESTION 31
What dunning-related data do you maintain on the business partner master record?
There are 3 correct answers to this question.
Response:
- A. Dunning block
- B. Dunning area
- C. Dunning key
- D. Dunning procedure
- E. Dunning interval
Answer: A,B,D
NEW QUESTION 32
What are some of the benefits of SAP S/4HANA?
Note: There are 2 correct answers to this question.
- A. The data is analyzed after it is extracted and loaded in the reporting system
- B. The data is available in real time at line item detail
- C. The data is aggregated on the fly from any line item table
- D. The data is summarized into higher levels of aggregates to help system performance
Answer: B,C
NEW QUESTION 33
Which of the following tolerance groups should every company code always have? Choose the correct answer.
- A. Special
- B. Defined
- C. Blank
- D. Named
Answer: C
NEW QUESTION 34
Which of the following are the steps of Intercompany reconciliation? Choose the correct answers. 3
- A. Automatic presentation of reconciled and non-reconciled data
- B. Manual reconciliation and communication
- C. Automatic assignment of documents
- D. Document selection and data storage
Answer: B,C,D
NEW QUESTION 35
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SAP S/4HANA Financial Accounting Certification Exam Topics:
| Topic Areas | Topic Details, Courses, Books | Weighting |
|---|---|---|
| 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% |
| 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% |
| 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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