C - TS4FI - 2020 - Certification MCQs (71 Questions) - Part 1-2

CERTIFICATION DUMPS SAP S/4HANA 2020
C_TS4FI_2020 - SAP Certified Application Associate - SAP S/4HANA for

Financial Accounting Associates (SAP S/4HANA 2020)
Overview and Deployment of SAP S/4HANA
1. What are the some of the benefits of the data handling in SAP S/4HANA?
There are 2 correct answers to this question
a. The data is available in real time at line-item detail

b. The data is summarized into higher level of aggregates to help system performance
c. The data is constantly auto archived to optimize memory storage
d. The data is aggregated on the fly from any line item table
2. What is shared between all deployment options for SAP S/4HANA (Cloud, On Premises)?
There are 3 correct answers to this question.
a. User Experience
b. Code Line
c. Data model
d. Configuration Scope
e. Upgrade Intervals
3. You are a group cash manager interested in the North American business market. What are
the personalization options available to you in SAP Fiori?
a. You can create an app to take you directly to the cash position of the North American
business market.
b. You can adapt the Launchpad color theme according to predefined values for the cash
report.
1 Copyright© 2022, ZaranTech LLC. All rights reserved

c. You can create access to relevant apps for the North American accounts payable group
that reports to you.
d. You can create a tile group with all the apps required for your daily business for easy access.
4. Where can an SAP Fiori end user change the theme of their launchpad?
Please choose the correct answer.
a. In the Tile Catalog area of the launchpad designer

b. In the Tile Group area of the launchpad designer
c. In the ME area of the launchpad
d. In the UI theme designer
5. What are some features of SAP HANA?
a. SAP HANA allows transactional and analytical processing off the same tables.
b. SAP HANA is optimized to work with aggregates and index tables.
c. SAP HANA is built on a hierarchical data model architecture.
d. SAP HANA is optimized to organize data using column stores.

General Ledger Accounting
6. What does the document splitting do? Please choose the correct answer.
a. It enriches all revenue account lines with the defined splitting characteristics.
b. It enriches all secondary cost element account lines with the defined splitting
characteristics.
c. It enriches all relevant balance sheet account lines with the defined splitting
characteristics.
d. It enriches all profit and loss account lines with the defined splitting characteristics
7. What items are NOT cleared by the automatic clearing program?
a. Statistical postings
b. Noted items
c. Items with value added tax
d. Items with withholding tax
e. Items with sales and use tax
8. You have been asked to set up house banks as part of the implementation. What
information do you need?
a. Bank Control key

b. General ledger account
c. Company code
d. Payment method
e. Bank master data

9. How does SAP S/4HANA support the treatment of taxes?
a. It checks the tax amount entered and automatically calculates the tax.
b. It performs the adjustment to the tax codes and automatically updates the procedure.
c. It posts the tax amount to tax accounts.
d. It checks the tax codes and automatically updates the tax
10. What do you need to do to configure a new exchange rate type in SAP S/4HANA?
a. Set up the relationship between currencies using translation ratios.

b. Specify a purpose for the exchange rate type.
c. Specify the company code currency as the base currency.
d. Maintain exchange rates daily.
11. Which statements best describe a profit center?
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 object for which separate balance sheet and P&L statements can be created,
independently from segments being maintained or not.
d. It is an object for which separate balance sheet and P&L statements are created only when
used in conjunction with segments.

12. At what level is the bank master data stored in SAP S/4HANA?
Please choose the correct answer
a. At the client level

b. At the system level
c. At the financial management (FM) area level
d. At the company code level
13. You are responsible for configuring document splitting. What are some of the key settings?
a. Business transaction variant

b. Document type
c. Document number range
d. Field status variant
14. Which prerequisites must be fulfilled to allow for negative postings of journal entries?
There are 2 correct answers to this question .
a. The reversal reason must be configured to allow negative postings.

b. The company code must allow negative postings.
c. The posting key must allow negative postings
d. The reversal accounts must be configured to allow negative postings.
15. Beside using the profit center, which option does General Ledger Accounting with
document splitting provide to assign a segment to the?
a. BAdI implementation (FAGL_DERIVE_SEGMENT)

b. Standard Account Assignment using constants

c. Assignment of default segments to G/L accounts

d. Definition of validation rules
16. A general ledger account has a foreign currency setting of CAD. The company code currency
is USD. The controlling area currency is EUR. Which currencies can you post to in this
account?
a. You can only post to the account in CAD, USD, and EUR.
b. You can only post to the account in any currency and it will be converted into CAD.
c. You can only post to the account in CAD.
d. You can only post to the account in CAD and USD.
17. 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
post a simple document?
There are 2 correct answers to this question .
a. Line item text templates must be maintained

b. Users must be assigned to a tolerance group
c. Number range and document types must be maintained
d. The posting period variant must be created and assigned
18. How does the system perform the normal reversals of a journal entry?
a. It creates the inverse posting of a cleared document before resetting it.

b. It creates an inverse posting by decreasing the transaction figures.
c. It creates an inverse posting by increasing the transaction figures.

d. It creates an inverse posting by resetting the transaction figures.
19. You want to configure the tax calculation procedures. What are the main elements you
need to define? There are 3 correct answers to this question
a. Tax code
b. Condition type
c. Country key

Accounts Payable and Accounts Receivable
20. You want to edit a dunning proposal. Which actions can you perform?
a. Change the dunning data of an account

b. Block a line item
c. Lower the dunning level of an item
d. Block an account
e. Change a document
21. Which parameters can you specify when you create a new correspondence type?
a. Number of date fields required

b. Company code required
c. Document number required
d. Reason code required
e. Account required
22. 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?
a. Value date
b. Document date
c. Goods receipt date
d. Posting date
e. Entry date

23. Which of the following statements best describe a noted item?
There are 2 correct answers to this question:
a. It can be used to remind the user about due payments.

b. It can be accessed by the payment program.
c. It has an automatic statistical offsetting entry
d. It updates the subledger and the general ledger.
24. How does the system determines the correspondence type of a payment notice?
a. According to the tolerance group, as long as all the tolerance groups carry the same
correspondence type
b. According to the tolerance group, as long as all the reason codes carry the same
correspondence type
c. According to the reason code, as long as all the tolerance groups carry the same
correspondence type
d. According to the reason code, as long as all the reason codes carry the same
correspondence type
25. Which of the following steps do you typically perform during a payment run with the
automatic payment program?
a. Review the payment proposal exception list

b. Maintain open item selection parameters.
c. Define maximum amounts to be paid per supplier.
d. Rank bank accounts for payment.

26. 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?
a. Paying Company Code

b. Payment terms
c. Payment blocks
d. Bank determination
27. Which documents are needed to complete the 3 way match in procurement transactions?
a. Down Payment Request

b. Good Receipt
c. Purchase Requisition
d. Invoice Receipt
e. Purchase Order
28. What dunning-related data do you maintain on the business partner master record?
a. Dunning key
b. Dunning interval
c. Dunning area
d. Dunning block

29. Which field can you change in a posted invoice?
a. Tax Code
b. B. Special G/L indicator
c. C. Baseline date
d. D. Statistical internal order
30. Which parameter indicates that a line item can only be dunned with restrictions?
Please choose the correct answer. .
a. Dunning key
b. Dunning block reason
c. Dunning area
d. Grouping key
31. On which levels can you maintain field status controls for business partners (BP)?
a. Company code
b. BP category
c. BP role
d. BP type
32. For which special G/L indicator do you specify a target special G/L indicator?
a. Bill of exchange
b. Customer down payment
c. Guarantee given

d. Vendor down payment request
Asset Accounting
33. You are configuring asset related postings of depreciation areas in Asset Accounting for a
company code that uses the ledger approach to parallel valuation. Which of the following
settings would lead to an error?
Please choose the correct answer. Correct answer: A.
a. Area posts APC immediately, depreciation periodically.

b. Area posts depreciation only
c. Area posts in real time
d. Area does not post
34. Which of the following are valid settlement receivers when you perform settlement for an
asset under construction on a line item basis?
a. Functional area
b. Cost center
c. Fixed asset
d. D. Profit center
35. Identify some of the fields related to the depreciation area in the asset master record.
a. Asset Description
b. Scrap Value
c. Depreciation Start
d. Useful Life

36. You are responsible for implementing Asset Accounting. You are provided with the legacy
data of various assets and their grouping information based on category, life, and
depreciation terms. What configuration step would you initiate to maintain these categories
in SAP S/4HANA?
a. Configure depreciation keys and calculation keys
b. Define a depreciation areas to transfer all the legacy data.
c. Define asset classes and maintain their attributes.
d. Define depreciation areas for each category of legacy asset.
37. You are starting the fiscal year-end process in Asset Accounting in SAP S/4HANA. What are
the year-end closing program checks for Asset Accounting?
a. Posting period are classified for asset G/L accounts

b. Depreciation is posted in full for all assets.
c. Asset master data is complete and without errors.
d. Fixed asset fiscal year change is complete.
38. You are creating an asset master record by copying another asset, and you notice that the
inventory number is copied over.
Which setting do you make to ensure the inventory number is NOT copied over when you
create a new asset via copy?
a. Remove the reference indicator

b. Remove the asset class indicator
c. Remove the main asset indicator
d. Remove the subnumber indicator

39. Which of the following should you when delivering asset number ranges?
a. Asset number ranges are defined at chart of depreciation level

b. Each asset class can have either an internal or external number range
c. Each asset number range must be assigned to a unique asset class
d. Asset number rangers are defined for asset classes and are company code specific.
40. How can you perform transfers of assets between company codes with different charts of
depreciation?
Please choose the correct answer. Correct answer: C.
a. Enter depreciation area mapping during intercompany transfer posting.

b. Define a global transfer variant and assign all the depreciation area to it
c. Configure the cross-company depreciation areas in customizing.
d. Ensure the same depreciation areas are used in all chart of depreciation
41. How do you configure depreciation areas in SAP S/4HANA?
a. Ensure all depreciation areas always post to the general ledger.

b. Ensure a ledger group is assigned to each accounting principle
c. Assign each accounting principle to a depreciation area
d. Assign depreciation area 01 to the leading ledger

42. How do you identify an asset master record as an asset under construction?
a. The ordinary depreciation start date is empty.

b. The asset belongs to a specific asset class.
c. The asset capitalization date is empty.
d. The depreciation key is empty
43. Which elements define the integration of asset acquisitions to the general ledger?
a. Valuation Area
b. Depreciation Area
c. Depreciation Keys
d. Asset Class
44. What do you define when configuring asset classes?
a. Transaction Types
b. Screen Layout Rules
c. Posting Keys
d. Number Ranges
e. Account Determination

45. What is the difference between the ledger approach and the accounts approach to parallel
valuation in Asset Accounting?
a. In the accounts approach, you assign a completely separate set of accounts for each
accounting principle, unlike the ledger approach.
b. In the ledger approach, you assign a ledger group to every depreciation area, unlike the
accounts approach.
c. In the accounts approach, you define a technical clearing account for integrated asset
acquisitions, unlike the ledger approach.
d. In the ledger approach, you maintain additional depreciation areas to post the delta
evaluation of each accounting principle, unlike the accounts approach.
46. What are the maintenance levels of a screen layout rule for asset classes?
a. Asset class
b. Group asset
c. Depreciation area
d. Main asset number
e. Asset subnumber
47. Which date is used to determine the depreciation start date?
a. Asset Value date

b. Baseline date
c. Posting date
d. Document date

48. You are asked to explain the assets under construction functionality in SAP S/4HANA. What
should you highlight?
a. It is possible to post credit memos, even after assets under construction are fully
capitalized.
b. It is possible to post special tax depreciation and investment support for assets under
construction
c. It is possible to calculate and post depreciation in the balance sheet depreciation area for
assets under construction.
d. It is impossible to use assets under construction with Investment Management.

Financial Closing
49. Which of the following is the technical year end closing activity in SAP S/4HANA?
a. Ledger balances must be carried forward

b. Accruals must be posted
c. Foreign currency valuation must be posted
d. Balance sheet adjustment must be posted.
50. 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? Please choose the correct answer.
a. Define a valuation area and ledger group for two ledgers to link with the new valuation
area.
b. Define two valuation areas and two accounting principles with relevant links to ledgers.
c. Define a valuation area and extension ledger to link with the new valuation area.
d. Define two valuation methods and assign the accounting principles to the new valuation
methods.
51. 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?
a. The balance of the new account is added to the non-assigned section and is excluded from
the calculation.
b. The balance of the new account is added to the notes in the financial statement item
section and is included in the calculation
c. The balance of the new account is added to the notes in the financial statement item
section and is excluded from the calculation.
d. The balance of the new account is added to the non-assigned section and
52. What is the purpose of period interval 3 when you define open and closed periods?
a. Posting to the extension ledger

b. Posting from CO to FI
c. Posting to special purpose ledger.
d. Posting to special period
53. You post a purchase order. For which expenses does the system calculate accruals?
a. Fixed asset purchases

b. Consulting services
c. Insurance Premiums
d. Raw material purchases
54. After you collect data in the Intercompany Reconciliation tool, what are the next steps of
the reconciliation process?
a. Post the correction documents, Store the data ,
Present reconciled and non-reconciled data. Communicate differences.
b. Store the data. Present reconciled and non-reconciled data. Post the correction
documents. Communicate differences.
c. Store the data Present reconciled and non-reconciled data Communicate
differences. Post the correction documents.

d. Present reconciled and non-reconciled data Post the correction documents. Store the
data. Communicate differences.
55. Which closing activities are performed for external reporting as per SAP best practices?
a. Perform valuations of open items in foreign currency

b. Update product cost estimates with standard prices.
c. Regroup receivables and payables on the balance sheet.
d. Run plan assessment cycles for profit centers
56. Which statements best describe extension ledgers in SAP S/4HANA?
a. Extension ledgers can be assigned their own posting period variant.

b. Extension ledgers can be assigned their own fiscal year variant.
c. Extension ledgers can have different currencies than the underlying ledger.
d. Multiple extension ledgers can point to the same underlying ledger.
57. You want to post journal entries in a special period. Which conditions must be met?
a. You must enter a posting date in the last posting period.

b. The last posting period must be open for posting in the period control.
c. The balance carry-forward to the new fiscal year must have taken place.
d. The special period must be open for posting in the period control.

58. What are the features of the Accrual Engine in SAP S/4HANA?
a. All accrual calculations must be reviewed and approved before posting

b. The fiscal year variant of the general ledger is supported
c. Accrual postings with a maximum of two line items are supported
d. All currencies of the general ledger are supported
59. You perform foreign currency valuation for open items of your supplier accounts. The
valuation will be used only for period end reporting and should then be reversed. What
account does the system use to post the valuation differences?
a. Individual supplier accounts with special G/L indicator

b. Alternative reconciliation G/L account
c. Supplier reconciliation G/L account
d. Adjustment G/L account for foreign currency
60. To use the SAP Financial Closing cockpit which steps are required? There are 3 correct
answers to this question
a. Create Task Groups
b. Create a template
c. Define task dependencies
d. Define the person responsible for tasks
e. Release the task list

61. Organizational Assignments and Process Integration
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. Document line
b. Complete document
c. Cost of sales accounting
d. Document header
62. What does the document type control?
a. Which account types are allowed for postings

b. Which posting keys are allowed for postings
c. Whether text is required online item level
d. Whether negative postings are permitted
63. You assign currency type 40 to your company code in ledger 0L. Which source currency type
can you select? There are 2 correct answers to this question.
a. Controlling area currency
b. Company code currency
c. Group currency
d. Document currency

64. You want to create a substitution in Financial Accounting. Which part do you have to define
for each step of the substitution?
Which of the following statements best describes how customer down payments are integrated
with Sales & Distribution (SD)?
a. A down payment request is created as an FI noted item, which automatically generates an

SD billing document
b. A down payment request is created as an SD billing document, which automatically posted
in FI as a noted item.
c. A down payment request is created as an FI noted item, which automatically generates an
SD sales order
d. A down payment request is created as an SD sales order, which automatically posted in FI
as a noted item
65. Which steps are required to create a substitution in Financial Accounting?
a. Select the correct call-up point.

b. Specify an authorization group
c. Select activation level 2
d. Assign the substitution rule to the controlling area.
e. Define the substitution rule with its different steps using the formula editor

66. 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 to
create for each legal entity?
a. Business Area
b. Company code
c. Consolidation Unit
d. Company
67. Which of the following statements are valid for financial document number ranges?
a. Financial document number ranges must be defined for the year in which they are used.
b. All Financial document number ranges can contain numbers and/or letters.
c. The same financial document number range can be assigned to several document types
d. Financial document number ranges are defined at company code level
e. Financial document number ranges defined at client level should not overlap.
68. You define custom currency type Z1 for your company code. Which currency types must be
stored in the Data Entry view?
a. Custom currency type Z1

b. Company code currency
c. Hard Currency
d. Document currency

69. What are the key reasons for preferring a new implementation of SAP S/4HANA rather than
a system conversion from SAP ERP?
a. You want to integrate system in SAP Cloud Platform

b. You want to clean up your system and use SAP Best Practices
c. You want to use document splitting for General Ledger
d. You want to deploy SAP S/4HANA Cloud
70. Why do you use a price breakdown in a sourcing event?
There are 2 correct answers.
a. To gain insight into how suppliers arrive at their prices

b. To obtain pricing for every item within a lot
c. To requires suppliers to bid on the cost components of an item
d. To account for non-price factors using a formula
71. Your SAP S/4HANA system is integrated with controlling. You perform cost of sales
accounting, and you report your profit and loss per profit center. When posting a supplier
invoice to a primary cost account, which field is mandatory by standard procedures?
a. Profitability Segment
b. Segment
c. Functional Area
d. Business Area

C - TS4FI - 2020 - Certification MCQs (71 Questions) - Part 1-2

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

C - TS4FI - 2020 - Certification MCQs (71 Questions) - Part 1-2

Uploaded by

Copyright:

Available Formats

CERTIFICATION DUMPS SAP S/4HANA 2020

C_TS4FI_2020 - SAP Certified Application Associate - SAP S/4HANA for

Overview and Deployment of SAP S/4HANA

There are 2 correct answers to this question

a. The data is available in real time at line-item detail

There are 3 correct answers to this question.

1 Copyright© 2022, ZaranTech LLC. All rights reserved

Please choose the correct answer.

a. In the Tile Catalog area of the launchpad designer

5. What are some features of SAP HANA?

There are 2 correct answers to this question.

2 Copyright© 2022, ZaranTech LLC. All rights reserved

General Ledger Accounting

7. What items are NOT cleared by the automatic clearing program?

There are 3 correct answers to this question

There are 3 correct answers to this question.

a. Bank Control key

3 Copyright© 2022, ZaranTech LLC. All rights reserved

9. How does SAP S/4HANA support the treatment of taxes?

There are 3 correct answers to this question.

There are 2 correct answers to this question.

a. Set up the relationship between currencies using translation ratios.

11. Which statements best describe a profit center?

There are 2 correct answers to this question.

a. It is the only object from which segments can be uniformly derived.

4 Copyright© 2022, ZaranTech LLC. All rights reserved

Please choose the correct answer

a. At the client level

There are 2 correct answers to this question.

a. Business transaction variant

There are 2 correct answers to this question .

a. The reversal reason must be configured to allow negative postings.

There are 2 correct answers to this question

a. BAdI implementation (FAGL_DERIVE_SEGMENT)

5 Copyright© 2022, ZaranTech LLC. All rights reserved

c. Assignment of default segments to G/L accounts

Please choose the correct answer.

There are 2 correct answers to this question .

a. Line item text templates must be maintained

Please choose the correct answer

a. It creates the inverse posting of a cleared document before resetting it.

6 Copyright© 2022, ZaranTech LLC. All rights reserved

d. It creates an inverse posting by resetting the transaction figures.

7 Copyright© 2022, ZaranTech LLC. All rights reserved

Accounts Payable and Accounts Receivable

There are 3 correct answers to this question

a. Change the dunning data of an account

There are 3 correct answers to this question.

a. Number of date fields required

There are 3 correct answers to this question.

8 Copyright© 2022, ZaranTech LLC. All rights reserved

23. Which of the following statements best describe a noted item?

There are 2 correct answers to this question:

a. It can be used to remind the user about due payments.

Please choose the correct answer

There are 2 correct answers to this question.

a. Review the payment proposal exception list

9 Copyright© 2022, ZaranTech LLC. All rights reserved

There are 2 correct answers to this question.

a. Paying Company Code

There are 3 correct answers to this question.

a. Down Payment Request

There are 2 correct answers to this question.