Exam: C_TS4FI_2020 & C_TS4FI_2021
Title: SAP Certified Application Associate – SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2020)
26. You post a purchase order. For which expenses does the system calculate accruals?
A. Consulting services
B. Raw material purchases
C. Fixed Asset purchases
D. Insurance premiums
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27.How do you identify an asset as an asset under construction?
A. The asset capitalization date is empty
B. The asset is assigned to NO depreciation area
C. The ordinary depreciation start date is empty
D. The asset belongs to a specific asset class
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28. Which date is used to determine the depreciation start date?
A. System date
B. Posting date
C. Value date
D. Document date
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29. What is the purpose of the chart of depreciation?
A. The chart of depreciation manages country-specific legal valuation of fixed assets
B. The chart of depreciation is a reporting tool that structures your assets for hierarchical reporting
C. The chart of depreciation defines the asset classes for which you can create fixed assets
D. The chart of depreciation substitutes the operational chart of accounts in asset-related postings
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30. What is the recommended organizational unit for cost of sales accounting?
A. Controlling area
B. Functional area
C. Business area
D. Sales area
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31. Which prerequisites must be fulfilled to allow for negative postings of journal entries?
A. The company code must allow negative postings
B. The reversal reason must be configured to allow negative postings
C. The posting key must allow negative postings
D. The reversal accounts must be configured to allow negative postings
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32. You want to create a substitution in Financial Accounting. Which parts do you have to define for each step of the substitution?
A. Check
B. Replacement
C. Message
D. Prerequisite
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33. You are responsible for configuring document splitting. What are some of the key settings? A. Document number range
B. Field status variant
C. Document type
D. Business transaction variant
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34. 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 manage user access to relevant apps for the North American accounts payable group that reports to you
C. You can adapt the Launchpad color theme according to predefined values for the cash report
D. You can create a tile group with all the apps required for your daily business for easy access
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35. 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. Maintain exchange rates daily
C. Specify a purpose for the exchange rate type
D. Specify the company code currency as the base currency
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36. You need to define a new document type with a specific document number range to post customer invoices via interface from a non-SAP system. How would you define the document number range?
A. You must use continuous number assignment
B. You must use external number assignment
C. You must use internal number assignment
D. You can use internal, external, or continuous number assignment
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37. 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. Payment tolerances
B. Paying company codes
C. Payment terms
D. Bank determination
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38. Which steps are required to create a substitution in Financial Accounting?
A. Choose the area of application GL
B. Select act vat on level 2
C. Define the substitution rule with its different steps using the formula editor
D. Select the correct call-up point
E. Assign the substitution rule to the controlling area
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39. 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. Entry date
B. Document date
C. Goods receipt date
D. Posting date
E. Value date
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40. How does SAP S/4HANA support the treatment of taxes?
A. It checks the tax amount entered and automatically calculates the tax
B. It posts the tax amount to tax accounts
C. It performs tax adjustments for cash discounts and other forms of deduction
D. It checks the tax codes and automatically updates the tax rates based on changes by the tax authorities
E. It adjusts the tax codes and automatically updates the procedure
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41. After you collect data in the Inter company Reconciliation process, what are the next steps?
A. Present reconciled and non-reconciled data
B. Communicate differences
C. Post the correction documents
D. Store the data
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42. 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. 1
B. 4
C. 3
D. 2
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43. You define custom currency type Z1 for your company code in ledger GL. Which currency types must be stored in the Data Entry view?
A. Object currency
B. Company code currency
C. Document currency
D. Custom currency type Z1
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44. You want to edit a dunning proposal. Which actions can you perform?
A. Block a line item
B. Change a document
C. Block an account
D. Lower the dunning level of an item
E. Change the dunning data of an account
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45. Which requirements do you need to fulfill to use data aging for Finance in the SAP S/4HANA system?
A. Switch on the data aging business function
B. Define the logical file path as a global path for data aging
C. Add required authorizations for data aging to your role
D. Archive transactional data no longer legally required
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46. You perform foreign currency valuation for open items of your supplier accounts. The valuations 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. Supplier reconciliation GL account
B. Statistical FOREX noted item account
C. Adjustment account for foreign currency
D. Individual supplier accounts with special GL indicator
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47. Which of the following statements best describe how customer down payments are integrated with Sales & Distribution (SD)?
A. A down payment request is created as an Fl noted item, which automatically generates an SD billing document
B. A down payment request is created as an SD sales order, which is automatically posted in Fl as a noted item
C. A down payment request is created as an Fl noted item, which automatically generates an SD sales order
D. A down payment request is created as an SD billing document, which is automatically posted in Fl as a noted item
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48. 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. Profit center
D. Fixed asset
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49. 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 and USD
B. You can only post to the account in USD
C. You can only post to the account in CAD, USD, and EUR
D. You can only post to the account in CAD
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50. What items are NOT cleared by the automatic clearing program?
A. Noted items
B. Items with value-added tax
C. Items with withholding tax
D. Items with sales and use tax
E. Statistical postings
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