C_TS4FI_2020 Exam Questions

Which of the following statements best describe a noted item? Note:There are 2 correct answers to this question.

You post a purchase order. For which expenses does the system calculate accruals? Note: There are 2 correct answers to this question.

When can you set the open item management indicator in a general ledger account? Note: There are 2 correct answers to this question.

At what level is the bank master data stored in SAP S/4HANA?

Which parameters can you specify directly when you create a new correspondence type? Note: There are 3 correct answers to this question.

You are responsible for implementing Asset Accounting.You are provided with the legacy data of var ous assets and their grouping information based on classifications, useful life,...

Which of the following statements are valid for financial document number ranges? Note:There are 3 correct answers to this question.

What is shared between all deployment options for SAP S/4HANA (Cloud, On-Premise)? Note:There are 3 correct answers to this question.

how does SAP S/4HANA support the treatment of taxes? Note: There are 3 correct answers to this question.

You assign currency type 40 to your company code in ledger GL. Which source currency types can you select? Note: There are 2 correct answers to this question.

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

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: There are 3 correct answers...

What are key reasons for preferring a new implementation of SAP S/4HANA rather than a system conversion from SAP ERP? Note: There are 2 correct answers to this question.

What can you control with the reason code in Accounts Receivable? Note:There are 3 correct answers to this question.

What does the document type control? Note: There are 2 correct answers to this question.

For which account can you perform account clearing in SAP S/4HANA?

What are the features of the Accrual Engine in SAP S/4HANA? Note: There are 2 correct answers to this question.

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 t...

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 pri...

Which requirements do you need to fulfill to use data aging for Finance in the SAP S/4HANA system? Note: There are 2 correct answers to this question.

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 s...

You want to post journal entries in a special period. Which conditions must be met? Note: There are 2 correct answers to this question.

What is the difference between the ledger approach and the accounts approach to parallel valuation in Asset Accounting?

You are responsible for configuring document splitting. What are some of the key settings? Note: There are 2 correct answers to this question.

Which of the following is a technical year-end closing activity in SAP S/4HANA?

What do you need to do to configure a new exchange rate type in SAP S/4HANA? Note:There are 2 correct answers to this question.

Which documents are needed to complete the 3-way match in procurement transactions? Note:There are 3 correct answers to this question.

You are running an international business and you want to set up separate legal entities to run operations and perform accounting activities. Which organizational unit do you need...

Which of the following steps do you typically perform for a payment run with the automatic payment program? Note:There are 2 correct answers to this question.

Which parameter indicates that a line item can only be dunned with restrictions?

How can you perform transfers of assets between company codes with different charts of depreciation?

Which of the following should you consider when defining asset number ranges? Note:There are 2 correct answers to this question.

Which date is used to determine the depreciation start date?

Which fields of a financial accounting document influence the automatic payment program? Note: There are 3 correct answers to this question.

How does the system determine the correspondence type of a payment notice?

Which closing activities are performed for external reporting as per SAP best practices? Note:There are 2 correct answers to this question.

After you collect data in the Intercompany Reconciliation tool, what are the next steps of the reconciliation process?

Which statements best describe a profit center? Note: There are 2 correct answers to this question

What do you define when configuring asset classes? Note:There are 3 correct answers to this question.

On which levels can you maintain field status controls for business partners (BP)? Note:There are 2 correct answers to this question.

You are configuring asset-related postings of depreciation areas in Asset Accounting. Which of the following settings is "NOT" permitted?

What does the document splitting functionality do?

Which steps are required to create a substitution in Financial Accounting? Note:There are 3 correct answers to this question.

Which elements define the integration of asset acquisitions with the general ledger? Note:There are 2 correct answers to this question

How does the system perform normal journal entry reversals?

You are getting ready to post your first simple general ledger document using the SAP Fiori app for posting in a test environment. What configuration items do you need to set up to...

What items are NOT cleared by the automatic clearing program? Note: There are 3 correct answers to this question

What is the purpose of the chart of depreciation?

Which of the following statements best describe how customer down payments are integrated with Sales & Distribution (SD)?

How do you configure depreciation areas in SAP S/4HANA? Note: There are 2 correct answers to this question.