[Jan 16, 2022] Verified C_TS4FI_2020 dumps and 268 unique questions
C_TS4FI_2020 Dumps for Pass Guaranteed - Pass C_TS4FI_2020 Exam 2022
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".
NEW QUESTION 149
You are posting an incoming payment against an invoice. Which document values does the user tolerance group control?
There are 2 correct answers to this question.
Response:
- A. The cash discount amount (absolute value) allowed for a line item
- B. The cash discount percentage allowed for the complete document
- C. The total amount (sum of all line items) allowed to be posted
- D. The payment amount allowed for each customer open item
Answer: A,C
NEW QUESTION 150
Which of the following logistic processes are involved in asset acquisition with materials management (MM)?
There are 3 correct answers to this question.
Response:
- A. Purchase order
- B. Inventory receipt
- C. Goods receipt
- D. Purchase requisition
Answer: A,C,D
NEW QUESTION 151
Which attributes should you consider when defining asset number ranges?
There are 2 correct answers to this question.
Response:
- A. Each asset class can have either an internal or external number range.
- B. Asset number ranges are defined for asset classes and are company code specific.
- C. Asset number ranges are defined at chart of depreciation level.
- D. Each asset number range has to be assigned to a unique asset class.
Answer: A,B
NEW QUESTION 152
Which statements best describe a profit center?
There are 2 correct answers to this question.
Response:
- A. It is the only object that can be uniformly derived using segments.
- B. It is the only object from which segments can be uniformly derived.
- C. It is an element for which separate balance sheet and P&L statements can be created.
- D. It has to be used simultaneously with segments to create separate balance sheet and P&L statements.
Answer: B,C
NEW QUESTION 153
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 154
What is the purpose of the reorganization of segments?
There are 2 correct answers to this question.
Response:
- A. Enables segment reassignments.
- B. Enables segment derivation.
- C. Enables segment deletion.
- D. Enables merge of segments.
Answer: A,D
NEW QUESTION 155
Which of the following steps are parts of the process of configuring the payment program?
There are 3 correct answers to this question.
Response:
- A. Configure the paying company codes
- B. Configure the G/L account field status for document entry
- C. Configure the house banks
- D. Configure the payment methods for each company code
Answer: A,C,D
NEW QUESTION 156
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 special period posting.
- B. It is used for period lock in special purpose ledger.
- C. It is used for the authorization object for posting periods.
- D. It is used for posting from CO to FI.
Answer: D
NEW QUESTION 157
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 a purpose for the exchange rate type.
- B. Maintain exchange rates daily.
- C. Specify the direct or indirect quotation.
- D. Set up the relationship between currencies using translation ratios.
Answer: A,D
NEW QUESTION 158
Delta postings can execute revaluation. Determine whether this statement is true or false.
Response:
- A. False
- B. True
Answer: B
NEW QUESTION 159
Which of the following are posted in theprogram FAA_DEPRECIATION_POST? Choose the correct answers.
(3)
- A. Imputed interest
- B. Ordinary depreciation such as book depreciation or imputed depreciation
- C. Parallel APC values
- D. Unplanned depreciation or other manually planned depreciation
Answer: A,B,D
NEW QUESTION 160
Which of the following currency types can you set in customizing activity "define setting for ledgers and currency type"?
There are 2 correct answers to this question.
Response:
- A. Group currency
- B. Transaction currency
- C. Local currency
- D. Material ledger currency
Answer: A,C
NEW QUESTION 161
Which of the following parameters can you define within a dunning procedure?
Note : There are 2 correct answers to this question.
Response:
- A. Line item total period
- B. Line item grace period
- C. Company code
- D. Number of dunning levels
Answer: B,D
NEW QUESTION 162
True or False: Anyone with an appropriate user name and password can log on to the SAP Fiori launchpad through a web browser.
Response:
- A. False
- B. True
Answer: B
NEW QUESTION 163
You need to enter a percentage rate in the terms of payment to calculate_____ Please choose the correct answer.
Response:
- A. Cash discount
- B. Credit amount
- C. Debit amount
- D. Invoice discount
Answer: A
NEW QUESTION 164
......
SAP S/4HANA Financial Accounting Certification Exam Topics:
| Topic Areas | Topic Details, Courses, Books | Weighting |
|---|---|---|
| Asset Accounting | Create and maintain charts of depreciation and the depreciation areas, asset classes, asset master data, and configure and perform FI-AA business processes in the SAP system. Set up valuation and depreciation, perform periodic and year-end closing processes, and explain and configure parallel accounting. TS4F02 (SAP S/4HANA 2020) | > 12% |
| General Ledger Accounting | Create and maintain general ledger accounts, exchange rates, bank master data and define house banks. Create and reverse general ledger transfer postings, post cross-company code transactions, create profit centers and segments. Clear an account and define and use a chart of accounts. Maintain tolerances, tax codes, and post documents with document splitting. TS4F01 (SAP S/4HANA 2020) | > 12% |
| 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% |
| 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% |
| Overview and Deployment of SAP S/4HANA | Explain the SAP HANA Architecture and describe the SAP S/4HANA scope and deployment options. TS4F01 (SAP S/4HANA 2020) | < 8% |
| 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% |
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