Questions from SAP C_TS4FI_2020 From Exam Actual Questions (1-32)

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Master Your SAP Skills: C_TS4FI_2020 Quiz

Test your knowledge and expertise in SAP Financial Accounting with our comprehensive C_TS4FI_2020 quiz. Whether you're preparing for a certification or just looking to refresh your skills, this quiz covers essential topics to help you succeed.

32 carefully crafted questions
Multiple choice and checkbox formats
Check your understanding of SAP S/4HANA

32 Questions8 MinutesCreated by LearningTree345

For which especial G/L indicator do you specify a target special G/L indicator?

Vendor down payment request

Bill of exchange

Customer down paymente

Guarantee payment

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

It checks the tax amount entered and automatically calculates the tax

It posts the tax amount to tax accounts

It adjusts the tax codes and automatically updates the procedure

It performs tax adjustments for cash discounts and other forms of deductions

It checks the tax codes and automatically updates the tax rates based on changes by the tax authorities

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

It can be used to remind the user about due payments

It can be accessed by the payment program

It updates the subledger and the general ledger

It has an automatic statistical offsetting entry

You forgot to add a new general ledger account to the financial statement version. What impact does this have on the net profit and net loss?

The balance of the new account is added to the notes in the financial statement item section and is excluded from the calculation

The balance of the new account is added to the non-assigned section and is included in the calculation

The balance of the new account is added to the non-assigned section and is excluded from the calculation

The balance of the new account is added to the notes in the financial statement item section and is included in the calculation

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

Extension ledgers can be assigned their own fiscal year variant

Multiple extension ledgers can point to the same underlying ledger

Extension ledgers can have different currencies than the underlying ledger

Extension ledgers can be assigned their own posting period variant

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

Dunning key

Dunning area

Grouping key

Dunning block reason

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?

Business area

Consolidation unit

Company code

Company

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

Balance sheet adjustments must be posted

Accruals must be posted

Foreign currency valuation must be posted

Ledger balances must be carried forward

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?

Areas do not post

Areas posts depreciation only

Area posts in real time

Area post APC immediately, depreciation periodically

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

Asset number ranges are defined at chart of depreciation level

Asset number ranges are defined for asset classes and are company code specific

Each asset number range must be assigned to a unique asset class

Each asset class can have either an internal or external number range

You want to configure the tax calculation procedures. What are the main elements you need to define? Note: There are 3 correct answers to this question

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

All currencies of the general ledger are supported

Accrual posting with a maximum of two line items are supported

All acrrual calculations must be reviewed and approved before posting

The fiscal year variant of the general ledger is supported

What are the maintenance levels of a screen layout rule for asset master data? Note: There are 3 correct answers to this question

What does the document splitting functionality do?

It enriches all customer and vendor line items with the defined splitting characteristics in the relevant subledgers

It enables the automatic creation of an additional posting document in case the original document contains more than 999 line items

It enriches all relevant balance sheet account lines with the defined splitting characterisitcs

It enables the automatic creation of additional posting documents for each defined splitting characteristic

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?

Profitability segment

Functional area

Segment

Business area

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

BP Categoy

BP Type

Company code

BP role

Which prerequisites must be fulfilled to allow for negative posting of journal entries? Note: There are 2 correct answers to this quest

The posting key must allow negative postings

The reversal accounts must be configured to allow negative postings

The reversal reason must be configured to allow negative postings

The company code must allow negative postings

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

Which of the following are valid settlement receivers when you perfom settlement for an asset under construction on a line-item basis? Note: There are 2 correct answers to this question

Cost center

Functional area

Profit center

Fixed asset

You need to post customer invoices via interface form a non-SAP system. You want to define a new document type with a specific document number range that matches the document numbers of the source system. How do you define the document number range?

You can use internal or external number assignment, but it has to be continuous.

You can use internal or external number assignment

You must use internal number assignment

You must use external number assignment

You want to edit a dunning proposal. Which actions can you perform? Note: There are 3 correct answers to this question

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

Post the correction documents. Store the data. Present reconciled and non-reconciled data. Communicate differences

Store the data. Present reconciled and non-reconciled data. Post the correction documents. Communicate differences

Store the data. Present reconciled and non-reconciled data. Communicate differences. Post the correction documents

Present reconciled and non-reconciled data. Post the correction documents. Store the data. Communicate differences

Which documents are needed to complete the 3-way match in procurement transactions? Note: There are 3 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 tow different accounting principles. How can you set this up in the system?

Define two valuation methods and assign the accounting principles to the new valuation methods

Define two valuaton areas and tow accounting principles with relevant links to ledgers

Define two valuation areas and two extension ledgers with relevant links to accounting principles

Define two valuation methods and assign the ledger groups to the new valuation methods

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

Consulting services

Fixed Asset purchases

Insurance premiums

Raw material purchases

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

The exclusion of disputed residual items from credit limit checks

The special G/L indicator for the down payment

The document type of the payment

The account where a residual item is posted

The type of payment notice sent to a customer

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

Depreciation area

Valuation area

Asset class

Depreciation keys

You define custom currency type Z1 for your company code. Which currency types must be stored in the Data Entry view? Note: There are 2 correct answers to this question

Custom currency type Z1

Document currency

Hard currency

Company code currency

In customizing, at which levels can you assign the print program to the correspondence type?

At company code level

At business partner level

At client level

At system level

You are asked to explain how assets under construction work in SAP S/4HANA. What should you highlight? Note: There are 2 correct answers to this question

It is possible to post special tax depreciation and investment support for assets under construction

It is possible to post credit memos, even after assets under construction are fully capitalized

It is possible to calculate and post depreciation in the balance sheet depreciation area for assets under construction

It is impossible to use assets under construction with Investment Management

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

Configure the cross-company depreciation areas in Customizing

Ensure the same depreciation areas are used in all charts of depreciation

Define a global transfer variant and assign all the depreciation areas to it

Enter depreciation area mapping during intercompany transfer posting

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Questions from SAP C_TS4FI_2020 From Exam Actual Questions (1-32)

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