[Jul 10, 2023] Reliable C-TS4FI-2020 Exam Tips Test Pdf Exam Material
New 2023 C-TS4FI-2020 Test Tutorial (Updated 82 Questions)
SAP C-TS4FI-2020 Certification Exam is designed to test the knowledge and skills of individuals who are seeking to become SAP Certified Application Associates in SAP S/4HANA for Financial Accounting Associates. SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2020) certification exam is a comprehensive and challenging test that covers a range of topics related to financial accounting in SAP S/4HANA 2020.
The SAP C-TS4FI-2020 exam is intended for application associates who work in the financial accounting team or those who work with financial accounting in the SAP S/4HANA environment. It is targeted towards project team members who have already been certified and want to validate their knowledge and skills to work on an SAP S/4HANA implementation project. Candidates who pass C-TS4FI-2020 exam will be awarded the SAP Certified Application Associate – SAP S/4HANA for Financial Accounting exam certification.
SAP C-TS4FI-2020 exam is designed for individuals who want to become certified SAP Application Associates in SAP S/4HANA for Financial Accounting. C-TS4FI-2020 exam measures the candidate's knowledge and skills in the areas of financial accounting and reporting in SAP S/4HANA 2020. C-TS4FI-2020 exam covers topics such as General Ledger Accounting, Accounts Payable, Accounts Receivable, Asset Accounting, Financial Closing, and Reporting.
NEW QUESTION # 49
With the automatic clearing program, a user can clear open items for which of the following items? Choose the correct answers. (2)
- A. Subledger accounts
- B. Currency
- C. Special general ledger indicator
- D. General ledger
Answer: A,D
NEW QUESTION # 50
What dunning-related data do you maintain on the business partner master record?
There are 3 correct answers to this question.
Response:
- A. Dunning area
- B. Dunning key
- C. Dunning block
- D. Dunning procedure
- E. Dunning interval
Answer: A,C,D
NEW QUESTION # 51
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 two valuation methods and assign the accounting principles to the new valuation methods.
- B. Define a valuation area and ledger group for two ledgers to ink with the new valuation area.
- C. Define two valuation areas and two accounting principles with relevant links to ledgers.
- D. Define a valuation area and extension ledger to link with the new valuation area.
Answer: A
NEW QUESTION # 52
How does SAP S/4HANA reduce system complexity and improve system efficiency?
There are 2 correct answers to this question.
Response:
- A. By removing application code that deals with aggregates and indexes
- B. By providing views of data at runtime from the same source tables
- C. By removing views of data at runtime from the same source tables
- D. By providing application code that deals with aggregates and indexes
Answer: A,B
NEW QUESTION # 53
You are configuring depreciation areas in Asset Accounting.
Which of the following settings is NOT permitted?
- A. Area posts depreciation only
- B. Area does not post
- C. Area posts in real time
- D. Area posts revaluation only
Answer: D
NEW QUESTION # 54
How does the SAP HANA architecture improve SAP S/4HANA system performance? Please choose the correct answer
- A. SAP HANA makes extensive use of database indexes providing common access paths to data in order to improve access speed.
- B. SAP HANA allows you to build aggregate tables on top of aggregates and, in addition, special versions of the database tables to support special applications.
- C. SAP HANA uses a structured hierarchical data model with a multitude of lean prebuilt aggregated tables to write efficient code.
- D. SAP HANA organizes data in line item tables and can aggregate data from these line item tables at runtime.
Answer: D
NEW QUESTION # 55
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 account link
- C. The same payment method
- D. The same bank details
Answer: B
NEW QUESTION # 56
Where can an SAP Fiori end user change the theme of their launchpad?
Please choose the correct answer.
Response:
- A. In the Me area of the launchpad
- B. In the UI theme designer
- C. In the Tile Catalog area of the launchpad designer
- D. In the Tile Group area of the launchpad designer
Answer: A
NEW QUESTION # 57
In your system, you currently perform manual outgoing payments and want to use the automatic payment program. Which settings must you maintain as part of the configuration of the automatic payment program. NOTE: 2 answers to this question
- A. Special G / L indicators
- B. Bank determination
- C. Payment terms
- D. Payjng company codes
Answer: B,D
NEW QUESTION # 58
You want to configure the default baseline date for the payment terms of an incoming invoice. From which date can you derive the baseline date ? Note: 3 Answers
- A. Goods receipt date
- B. Document date
- C. Value date
- D. Entry Date
- E. Posting date
Answer: B,D,E
NEW QUESTION # 59
Which of the following parameters can you define within a dunning procedure?
Note : There are 2 correct answers to this question.
Response:
- A. Number of dunning levels
- B. Company code
- C. Line item grace period
- D. Line item total period
Answer: A,C
NEW QUESTION # 60
Which data can you edit in the payment proposal?
Note: There are 3 correct answers to this question.
Response:
- A. Payment block
- B. Payee
- C. House bank
- D. Cash discount
- E. Invoice amount
Answer: A,C,D
NEW QUESTION # 61
Identify the fields that cannot be changed while changing parked documents. Choose the correct answers. (3)
- A. Currency
- B. Account assignment objects
- C. Company code
- D. Document type or document number
Answer: A,C,D
NEW QUESTION # 62
At what level is the bank master data stored in SAP S/4HANA?
- A. At the credit control area level
- B. At the client level
- C. At the company code level
- D. At the company level
Answer: B
NEW QUESTION # 63
Which currency valuation program is replaced by FAGL_FCV?
Please choose the correct answer.
Response:
- A. FAGL_FC_VALUATION
- B. SAPF100
- C. SAPF130K
- D. FAGL_VALUATION
Answer: A
NEW QUESTION # 64
Which is the most flexible SAP S/4HANA Cloud solution for customers? Please choose the correct answer.
- A. Public option
- B. Community option
- C. Hybrid option
- D. Private option
Answer: D
NEW QUESTION # 65
What are some of the benefits of the data handling in 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 aggregated on the fly from any line item table.
- C. The data is summarized into higher levels of aggregates to help system performance.
- D. The data is available in real time at line item detail.
Answer: B,D
NEW QUESTION # 66
You are configuring asset-related postings of depreciation areas in Asset Accounting. Which of the following settings is "NOT" permitted?
- A. Area posts depreciation only
- B. Area does not post
- C. Area posts in real time
- D. Area posts revaluation only
Answer: D
NEW QUESTION # 67
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 house banks
- B. Configure the payment methods for each company code
- C. Configure the G/L account field status for document entry
- D. Configure the paying company codes
Answer: A,B,D
NEW QUESTION # 68
Which of the following is the first step in the variant principle? Choose the correct answer.
- A. Assign the variant to the objects
- B. Determine values for the variant
- C. Define variant
- D. Create multiple variants
Answer: C
NEW QUESTION # 69
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 deletion.
- C. Enables segment derivation.
- D. Enables merge of segments.
Answer: A,D
NEW QUESTION # 70
In your SAP S/4HANA system, you report financial values for three separate accounting principles.You post an acquisition for an asset that is capitalized in a single accounting principle.
If you use the application to post integrated asset acquisitions, how many documents will the system post?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
NEW QUESTION # 71
At what level is the bank master data stored in SAP S/4 HANA? Please choose the correct answer
- A. At client level
- B. At company level
- C. At company code level
- D. At controlling area level
Answer: A
NEW QUESTION # 72
Which of the following parameters can be changed on a time-dependent basis?
There are 3 correct answers to this question.
Response:
- A. Useful life (year or period)
- B. Variable depreciation portion
- C. Depreciation start date
- D. Depreciation key
Answer: A,B,D
NEW QUESTION # 73
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