Updated Free SAP C_TS4FI_2020 Test Engine Questions with 268 Q&As [Q61-Q79]

Updated Free SAP C_TS4FI_2020 Test Engine Questions with 268 Q&As

The Best SAP Certified Application Associate C_TS4FI_2020 Professional Exam Questions

SAP C_TS4FI_2020 Exam Syllabus Topics:

Topic	Details
Topic 1	create Profit Centers and check master data assignments, and configure period-end closing for PCA Organizational Assignments and Process Integration
Topic 2	Determine and configure cost object controlling - planning and actuals Define interface from CO-PCP (Product Cost Planning) to CO-PA (Profitability Analysis)
Topic 3	Define value fields, characteristics and summary characteristics, determine planning Create organizational charts for profit centers, determine Profit Centers (in FI in the new GL)
Topic 4	Determine cost elements structure, cost component structure, planning requirements Determine general reporting requirements for cost centers, configure cost center reporting
Topic 5	Determine and configure product cost planning, and costing versions for alternative costings Define, create and configure internal orders and create a concept for internal order accounting
Topic 6	Determine usage of Cost Center Accounting and type of planning functionality Distinguish between order category and order type. Determine plan data
Topic 7	Define, create and configure cost centers, cost center hierarchies and cost center groups Define scopes and processes in Management Accounting, cross-company code design

 

NEW QUESTION 61
When you create multiple similar asset master records, which of the following fields allow you to make separate entries for each individual asset?
There are 3 correct answers to this question.
Response:

• A. Inventory number
• B. Cost center
• C. Description of the asset
• D. License plate number

Answer: A,B,C

 

NEW QUESTION 62
Which of the following parameters can you define within a dunning procedure?
Note : There are 2 correct answers to this question.
Response:

• A. Line item total period
• B. Line item grace period
• C. Company code
• D. Number of dunning levels

Answer: B,D

 

NEW QUESTION 63
Identify the steps performed during the general ledger closing operations for the fiscal year.
There are 3 correct answers to this question.
Response:

• A. The balance carry forward program is run.
• B. Vendor invoices are posted.
• C. Foreign currency documents are valuated.
• D. Accruals are carried out.

Answer: A,C,D

 

NEW QUESTION 64
Where do you indicate that the useful life of the asset sub-number is identical to the useful life of the main asset?
Response:

• A. In the account determination of the asset class
• B. In the asset master record of the main asset
• C. In the screen layout of the depredation area
• D. In the screen layout of the asset master record

Answer: C

 

NEW QUESTION 65
You need to make the line item text field mandatory during document entry. Which objects should you analyze to fulfill this request?
Note: There are 2 correct answers to this question.
Response:

• A. G/L account
• B. Posting key
• C. Account group
• D. Document type

Answer: A,B

 

NEW QUESTION 66
Which is the most flexible SAP S/4HANA Cloud solution for customers?
Please choose the correct answer.
Response:

• A. Community option
• B. Hybrid option
• C. Public option
• D. Private option

Answer: D

 

NEW QUESTION 67
What is the purpose of period interval 3 when you define open and closed periods?
Please choose the correct answer.
Response:

• A. It is used for special period posting.
• B. It is used for period lock in special purpose ledger.
• C. It is used for the authorization object for posting periods.
• D. It is used for posting from CO to FI.

Answer: D

 

NEW QUESTION 68
How do you configure depreciation areas in SAP S/4HANA?
There are 2 correct answers to this question.
Response:

• A. Assign depreciation area 01 to the leading ledger.
  Ensure each accounting principle is assigned to a depreciation area.
• B. Assign a ledger group to each depreciation area.
• C. Ensure depreciation areas always post to the general ledger.

Answer: B,C

 

NEW QUESTION 69
After you collect data in the Intercompany Reconciliation tool, what are the next steps of the reconciliation process?
Please choose the correct answer.
Response:

• A. 1. Post the correction documents.
  2. Store the data.
  3. Present reconciled and non-reconciled data.
  4. Communicate differences.
• B. 1. Store the data.
  2. Present reconciled and non-reconciled data.
  3. Post the correction documents.
  4. Communicate differences.
• C. 1. Present reconciled and non-reconciled data
  2. Post the correction documents.
  3. Store the data.
  4. Communicate differences.
• D. 1. Store the data
  2. Present reconciled and non-reconciled data
  3. Communicate differences.
  4. Post the correction documents.

Answer: D

 

NEW QUESTION 70
The variant principle is used in SAP S/4HANA to assign particular properties to one or more objects. How many steps does the variant principle have?
Please choose the correct answer.
Response:

• A. 0
• B. 1
• C. 2
• D. 3

Answer: A

 

NEW QUESTION 71
What does the document type control?
There are 2 correct answers to this question.
Response:

• A. Whether negative postings are permitted
• B. Which account types are allowed for postings
• C. Which posting keys are allowed for postings
• D. Whether exchange rate difference is permitted

Answer: A,B

 

NEW QUESTION 72
For which special G/L indicator do you specify a target special G/L indicator?
Please choose the correct answer.
Response:

• A. Customer down payment
• B. Bill of exchange
• C. Guarantee given
• D. Vendor down payment request

Answer: D

 

NEW QUESTION 73
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 procedure
• C. Dunning interval
• D. Dunning key
• E. Dunning block

Answer: A,B,E

 

NEW QUESTION 74
For reporting purposes, your client would like to present information about customer postings that are NOT reflected in the G/L. Which special G/L type do you recommend?
Response:

• A. Statistical postings
• B. Free offsetting entries
• C. Bill of exchange
• D. Noted items

Answer: D

 

NEW QUESTION 75
What types of data are maintained for a house bank?
Note: There are 2 correct answers to this question.
Response:

• A. Data medium exchange (DME) details
• B. payment signatories
• C. General Ledger account
• D. Overdraft limit

Answer: A,C

 

NEW QUESTION 76
Which statements best describe a profit center?
There are 2 correct answers to this question.
Response:

• A. It is the only object that can be uniformly derived using segments.
• B. It is the only object from which segments can be uniformly derived.
• C. It is an element for which separate balance sheet and P&L statements can be created.
• D. It has to be used simultaneously with segments to create separate balance sheet and P&L statements.

Answer: B,C

 

NEW QUESTION 77
You configured Asset Accounting for your company code with three depreciation areas that post in real time and corresponding depreciation areas to track group currency values.
When you post an external acquisition, how many documents are created?
Response:

• A. 0
• B. 1
• C. 2
• D. 3

Answer: C

 

NEW QUESTION 78
Financial statement versions consist of a maximum of 10 hierarchy levels. Determine whether this statement is true or false.
Response:

• A. False
• B. True

Answer: A

 

NEW QUESTION 79
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