Exam: C_TS4FI_2020 & C_TS4FI_2021
Title: SAP Certified Application Associate – SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2020)
101. Which field can you change on a posted invoice?
A. Tax code
B. Statistical internal order
C. Baseline date
D. Special G/L indicator
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102. For which special G/L indicator do you specify a target special G/L indicator?
A. Bill of exchange
B. Vendor down-payment request
C. Customer down-payment
D. Guarantee given
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103. Which parameter indicates that a line can be dunned only with restrictions?
A. Dunning grouping
B. Dunning Key
C. Dunning block reason
D. Dunning area
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104. Which characteristics map the business partner to the customer and supplier account groups?
A. Business partner role
B. Business partner account group
C. Business partner grouping
D. Business partner view
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105. Besides using the profit center, which options does General Ledger Accounting with document splitting provide to assign a segment to the posting lines?
A. BADI implementation (FAGL_DERIVE_SEGMENT)
B. Definition of validation rules
C. Standard account assignment using constants
D. Assignment of default segments to G/L accounts
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106. When is it possible to set the open item management indicator in a general ledger account?
A. When an account is set up as a balance sheet account
B. When an account has a zero balance
C. When an account is set up as a reconciliation account
D. When an account is set up as a secondary cost element
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107. Which closing activities are performed for external reporting as per SAP best practices? A. Run plan assessment cycles for profit center
B. Perform flat rate value adjustment for receivables
C. Perform valuations of open items in foreign currency
D. Perform a top-down distribution in margin analysis
E. Regroup receivables and payables on the balance sheet
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108. What does the document splitting function do?
A. It enriches all relevant balance sheet account lines with the defined splitting characteristics.
B. It ensures that you can create complete financial reports per profit center if it is required by the business.
C. It enables the automatic creation of additional posting documents for each defined splitting characteristic.
D. It enriches all customer and vendor line items with the defined splitting characteristics in the relevant subledgers.
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109. To use the SAP Financial Closing cockpit, which steps are required?
A. Create task groups.
B. Define the person responsible for tasks.
C. Create a template.
D. Define the task dependencies.
E. Release the task dependencies.
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110. 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?
A. Define two valuation methods and assign the ledger groups to the new valuation methods.
B. Define two valuation areas and assign two extension ledgers with relevant links to accounting principles.
C. Define two valuation methods and assign the accounting principles to the new valuation methods.
D. Define two valuation areas and assign two accounting principles with relevant links to ledgers.
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111. Which of the following should you consider when defining asset number ranges?
A. Each asset number range must be assigned to a unique asset class.
B. Asset number ranges are defined at chart of depreciation level.
C. Asset number ranges are defined for asset classes and are company code specific.
D. Each asset class can have either an internal or external number range.
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112. 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. Asset master data is complete and without errors.
B. Posting periods are closed for asset G/L accounts.
C. Depreciation is posted in full for all assets.
D. The fixed asset fiscal year change is complete.
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113. What do you need to do to configure a new exchange rate type in SAP S/4HANA?
A. Maintain exchange rates daily.
B. Set up the relationship between currencies using translation ratios.
C. Specify the company code currency as the base currency.
D. Specify a purpose for the exchange rate type.
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114. You are getting ready to post your first simple general ledger document using the SAP Fiori app for posting in the test environment. What configuration items do you need to set up to post a simple document?
A. Line item text templates must be maintained.
B. The posting period variant must be created and assigned.
C. Number range and document types must be maintained.
D. Automatic account determination must be maintained.
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115. On which levels can you maintain field status controls for business partners (BP)?
A. Company code
B. BP role
C. BP type
D. BP category
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116. What are prerequisites for the 3-way match to work in procurement transactions?
A. Invoice receipt posted in reference to the purchase order
B. Invoice receipt posted before the goods receipt
C. Goods receipt posted before the invoice receipt
D. Goods receipt posted in reference to the purchase order
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117. 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. Functional area
B. Segment
C. Business area
D. Profitability segment
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118. What are the characteristics of a company in SAP S/4HANA?
A. It is responsible for costs and revenues within an organization.
B. It can be assigned to a company code.
C. It represents separate areas of operation within an organization.
D. It is considered for consolidation.
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119. What can you control with the reason code in Accounts Receivable?
A. The special G/L 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 type of payment notice sent to a customer
E. The document type of the payment
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120. In your SAP S/4HANA system, you want to archive the G/L accounts that are not used by the business in any company code. What are prerequisites to archiving all data of a G/L account?
A. Set the deletion flag in the company code data of the G/L account.
B. The account is not used in any automatic account determination.
C. Transactional figures are older than a customizable amount of years.
D. Set the deletion flag in the chart of accounts data of the G/L account.
E. There are no transaction figures for the account.
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121. You are asked to explain how assets under construction work in SAP S/4HANA. What should you highlight?
A. It’s possible to post credit memos, even after assets under construction are fully capitalized.
B. It’s possible to post special tax depreciation and investment support for assets under construction.
C. It’s possible to use assets under construction with Investment Management.
D. It’s possible to calculate and post depreciation in the balance sheet depreciation area for assets under construction.
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122. How does the system determine the correspondence type of a payment notice?
A. According to the tolerance group, as long as all tolerance groups carry the same correspondence type
B. According to the reason code, as long as all tolerance groups carry the same correspondence type
C. According to the reason code, as long as all reason codes carry the same correspondence type
D. According to the tolerance group, as long as all reason codes carry the same correspondence type
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123. What does the document type control?
A. Whether postings to special periods are permitted
B. Which posting keys are allowed for postings
C. Whether postings to secondary cost accounts are permitted
D. Which account types are allowed for postings
E. Whether negative postings are permitted
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124.You want to configure the tax calculation procedures. What are the main elements you need to define?
A. Sequence of steps
B. Condition type
C. Tax category
D. Tax code
E. Account key
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125. Which of the following statements are valid for financial document number ranges?
A. The same financial document number range can be assigned to several document types
B. All financial document number ranges can contain numbers and/or letters
C. Financial document number ranges defined at client level should NOT overlap
D. Financial document number ranges are defined at company code level
E. Financial document number ranges must be defined for the year in which they are used
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