Exam: C_TS4FI_2020 & C_TS4FI_2021
Title: SAP Certified Application Associate – SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2020)
51. You are configuring asset-related postings of depreciation areas in Asset Accounting. Which of the following settings is “NOT” permitted?
A. Area posts revaluation only
B. Area does not post
C. Area posts in real time
D. Area posts depreciation only
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52. Which documents are needed to complete the 3-way match in procurement transactions? A. Invoice receipt
B. Purchase order
C. Material document
D. Goods receipt
E. Purchase requisition
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53. 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?
A. The balance of the new account is added to the notes in the financial statement item section and is excluded from the calculation
B. The balance of the new account is added to the non-assigned section and is excluded from the calculation
C. The balance of the new account is added to the notes in the financial statement item section and is included in the calculation
D. The balance of the new account is added to the non-assigned section and is included in the calculation
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54. 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 on the screen layout maintenance page 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 sub number indicator
C. Remove the main asset indicator
D. Remove the asset class indicator
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55. Which parameter indicates that a line item can only be dunned with restrictions?
A. Dunning group
B. Dunning area
C. Dunning block reason
D. Dunning key
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56. 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. Segment
B. Functional Area
C. Internal Order
D. Cost Center
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57. 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. Multiple extension ledgers can point to the same underlying ledger
D. Extension ledgers can have different currencies than the underlying ledger
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58. What are some of the benefits of the data handling in SAP S/4HANA?
A. The data is analyzed after it is extracted and loaded in the reporting system
B. The data is available in real-time at line item detail
C. The data is summarized into higher levels of aggregates to help system performance
D. The data is aggregated on the fly from any line item table
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59. What are the maintenance levels of a screen layout rule for asset master data?
A. Asset class
B. Asset sub number
C. Group asset
D. Depreciation area
E. Main asset number
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60. For which special GL indicator do you specify a target special GL indicator?
A. Customer down payment
B. Vendor down payment request
C. Guarantee given
D. Bill of exchange
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61. At what level is the bank master data stored in SAP S/4HANA?
A. At the credit control area level
B. At the company code level
C. At the client level
D. At the company level
62. Which business partner characteristics mapped to the customer and supplier account groups?
A. Business partner category
B. Business partner grouping
C. Business partner type
D. Business partner role
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63. What are the characteristics of a company in SAP S/4HANA?
A. It is considered for consolidation
B. It can be assigned to a company code
C. It is responsible for costs and revenues within an organization
D. It represents separate areas of operation within an organization
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64. What can you control with the reason code in Accounts Receivable?
A. The special GL indicator for the down payment
B. The account where a residual item is posted
C. The exclusion of disputed residual items from credit limit checks
D. The document type of the payment
E. The type of payment notice sent to a customer
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65. What does the document type control?
A. Whether negative postings are permitted
B. Which account types are allowed for postings
C. Whether exchange rate differences are permitted
D. Which posting keys are allowed for postings
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66. Which field can you change on a posted invoice?
A. Cost center
B. Payment terms
C. Special GL indicator
D. Tax code
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67. 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?
A. Number range and document types must be maintained
B. The posting period variant must be created and assigned
C. Line item text templates must be maintained
D. Tax types and tax codes must be maintained
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68. Which statements best describe a profit center?
A. It is the only object that can be uniformly derived using segments
B. It is an element for which separate balance sheet and P&L statements can be created
C. It must be used simultaneously with segments to create separate balance sheet and P&L statements
D. It is the only object from which segments can be uniformly derived
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69. What are the features of the Accrual Engine in SAP S/4HANA?
A. All accrual calculations must be reviewed and approved before posting
B. All currencies of the general ledger are supported
C. The fiscal year variant of the general ledger is supported
D. Accrual postings with a maximum of two line items are supported
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70. You want to configure the tax calculation procedures. What are the main elements you need to define?
A. Condition type
B. Country key
C. Sequence of steps
D. Tax code
E. Account key
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71. Which of the following statements best describe a noted item?
A. It updates the sub-ledger and the general ledger
B. It can be used to remind the user about due payments
C. It has an automatic statistical offsetting entry
D. It can be accessed by the payment program
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72. For which account can you perform account clearing in SAP S/4HANA?
A. For any account that is managed on an open item basis
B. For any balance sheet account
C. For any GL account defined as a reconciliation account
D. For any account that is managed on a line item basis
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73. On which levels can you maintain field status controls for business partners (BP)?
A. BP category
B. Company code
C. BP type
D. BP role
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74. What is the purpose of period interval 3 when you define open and closed periods?
A. Posting to special purpose ledger
B. Posting to special periods
C. Authorization control for posting periods
D. Posting from CO to FI
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75. 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. Consolidation group
B. Company code
C. Company
D. Segment
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