Exam: C_TS4FI_2020
Title: SAP Certified Application Associate – SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2020)
1. Which parameters can you specify directly when you create a new correspondence type?
A. Company code required
B. Document number required
C. Account required
D. Number of date fields required
E. Reason code required
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2. Besides using the profit center, which options does General Ledger Accounting with document splitting provide to assign a segment to the posting line?
A. Configuration of the derivation logic with derivation sequence and steps
B. Standard account assignment using constants
C. Definition of validation rules
D. BAdI implementation (FAGL_DERIVE_SEGMENT)
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3. What do you define when configuring asset classes?
A. Account determination
B. Number ranges
C. Screen layout rules
D. Financial statement version
E. Posting keys
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4. Which of the following steps do you typically perform for a payment run with the automatic payment program?
A. Review the payment proposal exception list
B. Rank bank accounts for payment
C. Define maximum amounts to be paid per supplier
D. Maintain open item select on parameters
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5. In customizing, at which levels can you assign the print program to the correspondence type?
A. At system level
B. At client level
C. At business partner level
D. At company code level
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6. How does the system determine the correspondence type of a payment notice?
A. According to the tolerance group, as long as all the tolerance groups carry the same correspondence type
B. According to the reason code, as long as all the reason codes carry the same correspondence type
C. According to the tolerance group, as long as all the reason codes carry the same correspondence type
D. According to the reason code, as long as all the tolerance groups carry the same correspondence type
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7. You want to define a validation for the combination of general ledger account and cost center. For which call-up point do you define this validation?
A. Document header
B. Complete document
C. Cost of sales accounting
D. Document line
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8. What is shared between all deployment options for SAP S/4HANA (Cloud, On-Premise)?
A. Upgrade intervals
B. Data model
C. Code line
D. User experience
E. Business scope
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9. Which of the following is a technical year-end closing activity in SAP S/4HANA?
A. Balance sheet adjustments must be posted
B. Ledger balances must be carried forward
C. Profit center carry-forward must be posted
D. Foreign currency valuation must be posted
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10. You are asked to explain how assets under construction work in SAP S/4HANA. What should you highlight?
A. It is possible to post special tax depreciation and investment support for assets under construction
B. It is possible to calculate and post depreciation in the balance sheet depreciation area for assets under construction
C. It is possible to post credit memos, even after assets under construction are fully capitalized
D. It is impossible to use assets under construction with Investment Management
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11. You want to post journal entries in a special period. Which conditions must be met?
A. The balance carry-forward to the new fiscal year must have taken place
B. You must enter a posting date in the last posting period
C. The special period must be open for posting in the period control
D. The last posting period must be open for posting in the period control
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12. What are some features of SAP HANA?
A. SAP HANA is built on a hierarchical data model architecture
B. SAP HANA is optimized to work with aggregates and index tables
C. SAP HANA allows transactional and analytical processing from the same tables
D. SAP HANA is optimized to organize data using column stores
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13. Which fields of a financial accounting document influence the automatic payment program?
A. Payment method
B. Terms of payment
C. Invoice reference
D. Payment block
E. Payment type
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14. Which statements best describe a profit center?
A. It is an element for which separate balance sheet and P&L statements can be created
B. It is the only object from which segments can be uniformly derived
C. It is the only object that can be uniformly derived using segments
D. It must be used simultaneously with segments to create separate balance sheet and P&L statements
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15. Which steps are required to create a substitution in Financial Accounting?
A. Assign the substitution rule to the controlling area
B. Select activation level 2
C. Define the substitution rule with its different steps using the formula editor
D. Choose the area of application GL
E. Select the correct call-up point
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16. What is the difference between the ledger approach and the accounts approach to parallel valuation in Asset Accounting?
A. In the ledger approach, you maintain additional depreciation areas to post the delta valuation of each accounting principle, unlike the accounts approach
B. In the accounts approach, you define a technical clearing account for integrated asset acquisitions, unlike the ledger approach
C. In the accounts approach, you assign a separate set of accounts for each accounting principle, unlike the ledger approach
D. In the ledger approach, you assign a ledger group to every depreciation area, unlike the accounts approach
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17. To use the SAP Financial Closing cockpit, which steps are required?
A. Define task dependencies
B. Create task groups
C. Release task list
D. Create template
E. Define person responsible for tasks
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18. What dunning-related data do you maintain on the business partner master record?
A. Dunning interval
B. Dunning area
C. Dunning block
D. Dunning key
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19. You are responsible for implementing Asset Accounting. You are provided with the legacy data of various assets and their grouping information based on classifications, useful life, and depreciation terms. What configuration step would you initiate to maintain these categories in SAP S/4HANA?
A. Copy the chart of depreciation and maintain depreciation areas
B. Configure depreciation keys and calculation keys
C. Define general ledger accounts per each category of legacy asset
D. Define asset classes and maintain their attributes
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20. How do you configure depreciation areas in SAP S/4HANA?
A. Ensure depreciation areas always post to the general ledger
B. Ensure each accounting principle is assigned to a depreciation area
C. Assign a ledger group to each depreciation area
D. Assign depreciation area 01 to the leading ledger
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21. Which elements define the integration of asset acquisitions with the general ledger?
A. Valuation area
B. Asset class
C. Depreciation keys
D. Depreciation area
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22. When can you set the open item management indicator in a general ledger account?
A. When an account is used as a reconciliation account
B. When an account is required for clearing
C. When an account is set up as a cost element
D. When an account has a zero balance
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23. Which closing activities are performed for external reporting as per SAP best practices?
A. Perform valuations of open items in foreign currency
B. Run plan assessment cycles for profit centers
C. Regroup receivables and payables on the balance sheet
D. Update product cost estimates with standard prices
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24. What does the document splitting functionality do?
A. It enriches all secondary cost element account lines with the defined splitting characteristics
B. It enriches all profit and loss account lines with the defined splitting characteristics
C. It enriches all relevant balance sheet account lines with the defined splitting characteristics
D. It enriches all revenue account lines with the defined splitting characteristics
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25. How does the system perform normal journal entry reversals?
A. It creates an inverse posting by increasing the transaction figures
B. It creates a transfer posting by resetting the transaction figures
C. It creates the inverse posting of a cleared document before resetting it
D. It creates an inverse posting by resetting the transaction figures
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