Clear your concepts with C-TS4FI-2020 Questions Before Attempting Real exam
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SAP C-TS4FI-2020 certification exam is a valuable credential for professionals who want to demonstrate their proficiency in financial accounting in the SAP S/4HANA environment. By passing C-TS4FI-2020 exam, candidates can enhance their career prospects and demonstrate their ability to use SAP S/4HANA to improve financial processes and provide real-time insights to decision-makers.
NEW QUESTION # 44
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:
- A. 0
- B. 1
- C. 2
- D. 3
Answer: A
NEW QUESTION # 45
Which of the following is an example of an automatic offsetting entry?
Please choose the correct answer.
Response:
- A. Posting of a guarantee of payment
- B. Bank posting of a received down payment
- C. Down payment request
Answer: A
NEW QUESTION # 46
What happens to the transaction figures when you post a normal reversal posting?
- A. They are reset.
- B. They are deleted
- C. They are cleared.
- D. They are increased.
Answer: D
NEW QUESTION # 47
Which of the following functions include the important functions of the SAP List Viewer tool? Choose the correct` answers. (3)
- A. Deleting and inserting columns
- B. Setting filters
- C. Calculating totals and subtotals
- D. Defining print parameters
Answer: A,B,C
NEW QUESTION # 48
In your system, you currently perform manual outgoing payments and you want to use the automatic payment program.
Which settings must you maintain as part of the configuration of the automatic payment program?
There are 2 correct answers to this question.
Response:
- A. Bank determination
- B. Paying company codes
- C. Special G/L indicators
- D. Payment terms
Answer: A,B
NEW QUESTION # 49
Which parameters can you specify when you create a new correspondence type? There are 3 correct answers to this question.
- A. Document number required
- B. Account required
- C. Company code required
- D. Number of date fields required
- E. Reason code required
Answer: A,B,E
NEW QUESTION # 50
How can you perform transfers of assets between company codes with different charts of depreciation?
Please choose the correct answer.
Response:
- A. Assign the group chart of depreciation to the relevant fixed assets.
- B. Configure the cross-company depreciation areas in customizing.
- C. Correct depreciation area assignment in the asset master record after posting.
- D. Enter depreciation area mapping during intercompany transfer posting.
Answer: B
NEW QUESTION # 51
Which data sections are part of every asset class? There are 2 correct answers to this question.
- A. Master data section
- B. Valuation area data section
- C. Depreciation data section
- D. Account determination data section
Answer: A,C
NEW QUESTION # 52
Which statements best describe a profit center? Note: There are 2 correct answers to this question
- A. It is an element for which separate balance sheet and P&L statements can be created
- B. It must be used simultaneously with segments to create separate balance sheet and P&L statements.
- C. It is the only object that can be uniformly derived using segments
- D. It is the only object from which segments can be uniformly derived
Answer: A,D
NEW QUESTION # 53
What are the characteristics of a company in SAP S/4HANA? Note: There are 2 correct answers to this question.
- A. It can be assigned to a company code.
- B. It represents separate areas of operation within an organization.
- C. It is responsible for costs and revenues within an organization.
- D. It is considered for consolidation.
Answer: A,D
NEW QUESTION # 54
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.
Response:
- A. It is impossible to use assets under construction with Investment Management.
- B. It is possible to post special tax depreciation and investment support for assets under construction.
- C. It is possible to post credit memos, even after assets under construction are fully capitalized.
- D. It is possible to calculate and post depreciation in the balance sheet depreciation area for assets under construction.
Answer: B,C
NEW QUESTION # 55
Which of the following standard correspondence types can you use to exchange information with customers and suppliers? There are 2 correct answers to this question.
- A. Bill of exchange charges statements
- B. Dunning letters
- C. Payment notices
- D. Invoices
Answer: B,C
NEW QUESTION # 56
Which field status has the lowest priority (G/L accounts)? Choose the correct answer.
- A. Required entry
- B. Hide
- C. Optional entry
- D. Display
Answer: C
NEW QUESTION # 57
Which of the following steps do you typically perform when executing the payment run with the automatic payment program? There are 2 correct answers to this question.
- A. Review the payment proposal exception list
- B. Rank bank accounts for payment.
- C. Maintain open item selection parameters.
- D. Define maximum amounts to be paid by supplier.
Answer: A,B
NEW QUESTION # 58
What is the purpose of the chart of depreciation?
- A. The chart of depreciation substitutes the operational chart of accounts in asset-related postings.
- B. The chart of depreciation facilitates country-specific legal valuation of fixed assets.
- C. The chart of depreciation defines the asset classes for which you can create fixed assets.
- D. The chart of depreciation is a reporting tool that structures your assets for hierarchical reports.
Answer: B
NEW QUESTION # 59
What are the results when you post an outgoing partial payment? There are 2 correct answers to this question.
- A. A payment is created with reference to the invoice.
- B. A payment block is set on the invoice.
- C. The initial invoice remains open.
- D. The initial invoice is cleared.
Answer: A,C
NEW QUESTION # 60
What is the recommended organizational unit for cost-of-sales accounting?
Please choose the correct answer
Response:
- A. Business area
- B. Controlling area
- C. Functional area
- D. Sales area
Answer: C
NEW QUESTION # 61
Which prerequisite must be met by the technical clearing account for integrated asset acquisition?
Response:
- A. The account is a reconciliation balance sheet account for fixed assets.
- B. The account is created for all active company codes of the client.
- C. The account is a profit-and-loss account that must be open item managed.
- D. The account is assigned in the asset account determination for each valid depredation area.
Answer: A
NEW QUESTION # 62
The usage of which of the following depreciation types can be activated per depreciationb area? Choose the correct answers. (3)
- A. Scheduled depreciation
- B. Ordinary depreciation
- C. Unplanned depreciation
- D. Special depreciation
Answer: B,C,D
NEW QUESTION # 63
How can you perform transfers of assets between company codes with different charts of depreciation?
- A. Assign the group chart of depreciation to the relevant fixed assets.
- B. Configure the cross-company depreciation areas in Customizing.
- C. Enter depreciation area mapping during intercompany transfer posting.
- D. Correct the depreciation area assignment in the asset master record after posting.
Answer: B
NEW QUESTION # 64
What dunning-related data do you maintain on the business partner master record? Note: There are 2 correct answers to this question.
- A. Dunning area
- B. Dunning key
- C. Dunning interval
- D. Dunning block
Answer: A,D
NEW QUESTION # 65
For which activities can you use an extension ledger?
Note: There are 2 correct answers to this question.
Response:
- A. Parallel valuation of depreciation areas
- B. Configuration of custom fields for financial statements
- C. Adjustments for consolidation purposes
- D. Simulation of foreign currency valuation
Answer: C,D
NEW QUESTION # 66
Which steps are required to create a substitution in Financial Accounting? Note:There are 3 correct answers to this question.
- A. Select act vat on Ievel2
- B. Define the substitution rule with its different steps using the formula editor.
- C. Assign the substitution rule to the controlling area.
- D. Select the correct call-up point.
- E. Choose the area of application GL.
Answer: B,D
NEW QUESTION # 67
Which is the first step in the procedure of making down payments in the customer area? Choose the correct answer
- A. Customer invoice
- B. Clearing
- C. Down payment request
- D. Down payment received
Answer: C
NEW QUESTION # 68
You want to define a validation for the combination of general ledger account and cost center. For which call-up point do you define this validation?
- A. Cost of sales accounting
- B. Document line
- C. Complete document
- D. Document header
Answer: B
NEW QUESTION # 69
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