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SAP S/4HANA Financial Accounting Certification Exam Details:
| Level | Associate |
| Exam Code | C_TS4FI_2020 |
| Duration | 180 mins |
| 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) |
| Number of Questions | 80 |
| Schedule Exam | SAP Training |
| Exam Price | $550 (USD) |
| Sample Questions | SAP S/4HANA Financial Accounting Certification Sample Questions |
NEW QUESTION 28
Your customer wants the values for a special group of assets to be shown separately in the general ledger. Which objects do you create in Customizing for Asset Accounting? Note: There are 2 correct answers to this question.
- A. Depreciation area
- B. Asset class
- C. Financial statement version
- D. Account determination key
Answer: B,D
NEW QUESTION 29
Which of the following steps are parts of the process of configuring the payment program? Choose the correct answers. (3)
- A. Configure the G/L account field status for document entry
- B. Configure the paying company codes
- C. Configure the payment methods per company code
- D. Configure the house banks
Answer: B,C,D
NEW QUESTION 30
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?
Please choose the correct answer.
Response:
- A. The balance of the new account is added to the notes in the financial statement item section and is included in the calculation.
- B. The balance of the new account is added to the non-assigned section and is included in the calculation.
- C. The balance of the new account is added to the non-assigned section and is excluded from the calculation.
- D. The balance of the new account is added to the notes in the financial statement item section and is excluded from the calculation.
Answer: C
NEW QUESTION 31
Which of the following are the characteristics included in general ledger drilldown reports? Choose the correct answers. 2
- A. Company code
- B. Total debit balance
- C. Business area
- D. Segment
Answer: A,C
NEW QUESTION 32
Identify the callup points that have been provided for Financial Accounting (F1). Choose the correct answers. (2)
- A. Controlling area
- B. Document header
- C. Organizational unit
- D. Document line
Answer: B,D
NEW QUESTION 33
What are some features of SAP HA NA? Note:There are 2 correct answers to this question
- A. SAP HANA allows transactional and analytical processing from the same tables
- B. SAP HANA is optimized to organize data using column stores
- C. SAP HANA is optimized to work with aggregates and index tables
- D. SAP HANA is built on a hierarchical data model architecture
Answer: A,B
NEW QUESTION 34
What is the purpose of the reorganization of segments?
Note: There are 2 correct answers to this question.
- A. Enables merge of segments.
- B. Enables segment deletion
- C. Enables segment reassignments
- D. Enables segment derivation
Answer: A,C
NEW QUESTION 35
Which of the following logistic processes are involved in asset acquisition with materials management (MM)? Choose the correct answers. (3)
- A. Purchase requisition
- B. Inventory receipt
- C. Goods receipt
- D. Purchase order
Answer: A,C,D
NEW QUESTION 36
You are running an international business and want to set up separate legal entities to execute operations and perform accounting activities. What organizational unit do you need to create for each legal entity? Please select the correct answer.
- A. Company code
- B. Segment
- C. Control area.
- D. Company
Answer: A
NEW QUESTION 37
What is the recommended organizational unit for cost-of-sales accounting?
Please choose the correct answer
Response:
- A. Controlling area
- B. Business area
- C. Functional area
- D. Sales area
Answer: C
NEW QUESTION 38
Which entries do you define when maintaining a G/L account?
There are 3 correct answers to this question.
Response:
- A. Account group
- B. Field status group
- C. Profit center
- D. Ledger assignment
- E. Account Type
Answer: A,B,E
NEW QUESTION 39
A vendor is also a customer. The payment program has to clear the open items. Which setting has to be maintained for the business partner?
- A. The alternative payer and payee
- B. The same payment method
- C. The account link
- D. The same bank details
Answer: C
NEW QUESTION 40
Which statements best describe a chart of depreciation?
There are 2 correct answers to this question.
Response:
- A. A chart of depreciation contains multiple depreciation areas with a provision for addition and deletion of depreciation areas.
- B. A chart of depreciation is mandated by a country's statutory requirement and should be adopted as is.
- C. A chart of depreciation is a country-specific object that is delivered with SAP S/4HANA.
- D. A chart of depreciation is company-code-specific; therefore, two company codes CANNOT use the same chart of depreciation.
Answer: A,C
NEW QUESTION 41
When can you set the open item management indicator in a general ledger account? There are 2 correct answers to this question.
- A. When an account is used as a reconciliation account
- B. When an account is set up as a cost element
- C. When an account has a zero balance
- D. When an account is required for clearing
Answer: A,D
NEW QUESTION 42
Which statements best describe a profit center? Note: There are 2 correct answers to this question
- A. It is the only object from which segments can be uniformly derived
- B. It is the only object that can be uniformly derived using segments
- C. It is an element for which separate balance sheet and P&L statements can be created
- D. It must be used simultaneously with segments to create separate balance sheet and P&L statements.
Answer: A,C
NEW QUESTION 43
What is the recommended field status setting for fields in the customer-vendor account groups in the Financial Accounting customizing?
Please choose the answer:
- A. Hide
- B. Optional
- C. Display
- D. Required
Answer: B
NEW QUESTION 44
Which SAP technological product provides the platform required for SAP to support the digital transformation of an organization?Please choose the correct answer.
- A. SAP Fiori
- B. SAP CRM
- C. SAP HANA
- D. SAP Net Weaver
Answer: C
NEW QUESTION 45
What can you control with the reason code in Accounts Receivable? Note:There are 3 correct answers to this question.
- A. The exclusion of disputed residual items from credit limit checks
- B. The account where a residual item is posted
- C. The type of payment notice sent to a customer.
- D. The document type of the payment.
- E. The special GL indicator for the down payment.
Answer: A,B,C
NEW QUESTION 46
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 procedure
- C. Dunning area
- D. Dunning key
- E. Dunning interval
Answer: A,B,C
NEW QUESTION 47
You must run the foreign currency valuation for both US GAAP and IFRS, which leads to different values for the two different accounting principles.
How can you set this up in the system?
- A. Define a valuation area and extension ledger to link with the new valuation area.
- B. Define two valuation methods and assign the accounting principles to the new valuation methods.
- C. Define a valuation area and ledger group for two ledgers to ink with the new valuation area.
- D. Define two valuation areas and two accounting principles with relevant links to ledgers.
Answer: B
NEW QUESTION 48
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