Prepare C_TS4FI_2020 Exam Questions [2023] Recently Updated Questions [Q80-Q98]

C_TS4FI_2020 SAP

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Prepare C_TS4FI_2020 Exam Questions [2023] Recently Updated Questions

Give push to your success with C_TS4FI_2020 exam questions

Q80. Which attributes should you consider when defining asset number ranges?
There are 2 correct answers to this question.
Response:

Each asset class can have either an internal or external number range.

Asset number ranges are defined for asset classes and are company code specific.

Each asset number range has to be assigned to a unique asset class.

Asset number ranges are defined at chart of depreciation level.

Q81. Where do you indicate that the useful life of the asset sub-number is identical to the useful life of the main asset?

In the screen layout of the asset master record

In the asset master record of the main asset

In the account determination of the asset class

In the screen layout of the depredation area

Q82. 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?

Business Area

Segment

Cost Center

Functional Area

Q83. You forgot to add a new general ledger account into the financial statement version. What impact does this have on the net profit and net loss?

The balance of the new account is added to the non-assigned section and is excluded from the calculation

The balance of the new account is added to the notes in the financial statement item section and is excluded from the calculation

The balance of the new account is added to the non-assigned section and is included in the calculation

The balance of the new account is added to the notes in the financial statement item section and is included in the calculation

Q84. Identify the reasons for archiving dat
a. Choose the correct answers. (3)

Lowering the effort involved in database administration.

Using data as a backup.

Improving response times and ensuring good response times.

Reducing the system downtime when carrying out software upgrades, recoveries, and (offline) database backups.

Q85. In the SAP S/4HANA application, the payment program and dunning program can access noted items for further processing. Determine whether this statement is true or false. Please choose the correct answer.

True

False

Q86. What is the purpose of the group account number in General Ledger account master data maintenance? Please choose the correct answer.

It determines the fields in the entry screen when you create or update a master record in the company code

It acts as the key to identify the balance sheet and profit-and-loss accounts in the financial statement version.

It defaults the number interval that is applied for the G/L account number in the company code.

It is used for cross-company-code reporting if the company codes use different charts of account.

Q87. What is controlled by the terms of payment? There are 3 correct answers to this question.

Allowed account type

Determination of the baseline date

Setting for net procedure

Default payment method

Account for cash discount received

Q88. Which of the following is an example of an automatic offsetting entry? Choose the correct answer.

Down payment request

Posting of a guarantee of payment

Bank posting of a received down payment

Q89. Which information is checked by the system before a general ledger account k archived?

The Open item Management indicator is set in master data

The Mark for Deletion indicator is set in master data

The Blocked for Posting indicator is set in master data.

The assigned group account is already archived.

Q90. Your customer wants to start using SAP S/4HANA line-of-business solutions. Which of these solutions help you run human resource management processes?
Note: There are 2 correct answers to this question.
Response:

SAP Hybris

SAP Success Factors

SAP Fieldglass

SAP Concur

Q91. What is the purpose of period interval 3 when you define open and closed periods?

It is used for period lock in special purpose ledger

It is used for posting from CO to Fl

It is used for special period posting

It is used for the authorization object for posting periods

Q92. 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:

SAPF130L

SAPF130D

SAPF130K

SAPF130E

Q93. Your customer wants to use data aging for the universal journal. Which criteria can you use to decide which data is moved to the historical partition?
Note: There are 2 correct answers to this question.

Ledger

Account type

Company code

Document type

Q94. In which application areas can you use validation? There are 2 correct answers to this question.

Profit Center Accounting

Materials Management

Asset Accounting

Cost Accounting

Q95. How can you post accruals?
Note: There are 3 correct answers to this question.
Response:

Execute the periodic accrual run.

Reclassify the receivables and payables.

Use the recurring entry program.

Post manually at the end of a period, quarter, or year.

Run the depreciation program.

Q96. The variant principle is used in SAP S/4HANA to assign particular properties to one or more objects. How many steps does the variant principle have?
Please choose the correct answer.
Response:

Q97. What is the purpose of the group account number in General Ledger account master data maintenance?
Response:

It defaults the number interval that is applied for the G/L account number in the company code.

It acts as the key to identify the balance sheet and profit-and-loss accounts in the financial statement version.

It determines the fields in the entry screen when you create or update a master record in the company code

it is used for cross-company-code reporting if the company codes use different charts of account.

Q98. Which statements best describe extension ledgers in SAP S / 4HANA? There are 2 correct answers to this question.

Extension ledgers can have different currencies than the underlying ledger.

Extension ledgers can be assigned their own posting period variant.

Multiple extension ledgers can point to the same underlying ledger.

Extension ledgers can be assigned their own fiscal year variant.

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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”.

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