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Free SAP Certified Application Associate C-TS4FI-2020 Ultimate Study Guide (Updated 268 Questions)
SAP S/4HANA Financial Accounting Certification Exam Topics:
| Topic Areas | Topic Details, Courses, Books | Weighting |
|---|---|---|
| Overview and Deployment of SAP S/4HANA | Explain the SAP HANA Architecture and describe the SAP S/4HANA scope and deployment options. TS4F01 (SAP S/4HANA 2020) | < 8% |
| General Ledger Accounting | Create and maintain general ledger accounts, exchange rates, bank master data and define house banks. Create and reverse general ledger transfer postings, post cross-company code transactions, create profit centers and segments. Clear an account and define and use a chart of accounts. Maintain tolerances, tax codes, and post documents with document splitting. TS4F01 (SAP S/4HANA 2020) | > 12% |
| Asset Accounting | Create and maintain charts of depreciation and the depreciation areas, asset classes, asset master data, and configure and perform FI-AA business processes in the SAP system. Set up valuation and depreciation, perform periodic and year-end closing processes, and explain and configure parallel accounting. TS4F02 (SAP S/4HANA 2020) | > 12% |
| Financial Closing | Perform month and year-end closing in Financial Accounting (exchange rate valuation, post provisions etc.), create balance sheet, create profit and loss statements, monitor closing operations using the Financial Closing Cockpit, manage accruals, and manage posting periods. TS4F02 (SAP S/4HANA 2020) | > 12% |
| Organizational Assignments and Process Integration | Manage Organizational Units, currencies, configure Validations and Document Types, utilize Reporting Tools, configure Substitutions, and manage Number ranges. TS4F01 (SAP S/4HANA 2020) | > 12% |
| Accounts Payable & Accounts Receivable | Create and maintain business partners, post invoices and payments and use special g/l transactions, reverse invoices and payments, block open invoices for payment, configure the payment program, and manage partial payments. Define the customizing settings for the Payment Medium Workbench, use the debit balance check for handling payments, define terms of payment and payment types, explain the connection of customers to vendors, describe integration with procurement and sales. TS4F01 (SAP S/4HANA 2020) | > 12% |
NEW QUESTION 53
There are four dunning program steps that can be performed during the automatic dunning procedure as follows: Arrange these steps into the correct sequence.
There are 3 correct answers to this question.
Response:
- A. Maintain the parameters.
- B. Start the dunning printout.
- C. Change the dunning proposal.
- D. Schedule the dunning run.
Answer: A,C,D
NEW QUESTION 54
What data do you maintain in the chart of accounts sections of a General Ledger account?
Response:
- A. Consolidation data
- B. User data
- C. Reconciliation data
- D. Authorization data
Answer: A
NEW QUESTION 55
What is the purpose of the group account number in General Ledger account master data maintenance?
Response:
- A. it is used for cross-company-code reporting if the company codes use different charts of account.
- B. It acts as the key to identify the balance sheet and profit-and-loss accounts in the financial statement version.
- C. It determines the fields in the entry screen when you create or update a master record in the company code
- D. It defaults the number interval that is applied for the G/L account number in the company code.
Answer: A
NEW QUESTION 56
What object determines the number range for business partner master data?
Response:
- A. Business partner grouping
- B. Business partner category
- C. Business partner type
- D. Business partner role
Answer: A
NEW QUESTION 57
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 has to be used simultaneously with segments to create separate balance sheet and P&L statements.
- C. It is the only object from which segments can be uniformly derived.
- D. It is an element for which separate balance sheet and P&L statements can be created.
Answer: C,D
NEW QUESTION 58
You are configuring accrual types for the accrual engine. For which postings is account determination required?
There are 2 correct answers to this question.
Response:
- A. Closing Posting only
- B. Periodic only
- C. Opening Posting only
- D. Opening and Closing Posting only
Answer: B,C
NEW QUESTION 59
For which special G/L indicator do you specify a target special G/L indicator?
Please choose the correct answer.
Response:
- A. Vendor down payment request
- B. Guarantee given
- C. Bill of exchange
- D. Customer down payment
Answer: A
NEW QUESTION 60
Which business partner characteristic is mapped to the customer and supplier account groups?
Please choose the correct answer.
Response:
- A. Business partner grouping
- B. Business partner category
- C. Business partner type
- D. Business partner role
Answer: A
NEW QUESTION 61
During which actions does the system assign the document number for Financial Accounting?
There are 2 correct answers to this question.
Response:
- A. Post
- B. Simulate
- C. Hold
- D. Park
Answer: A,D
NEW QUESTION 62
How does SAP S/4HANA reduce system complexity and improve system efficiency?
There are 2 correct answers to this question.
Response:
- A. By providing views of data at runtime from the same source tables
- B. By removing application code that deals with aggregates and indexes
- C. By providing application code that deals with aggregates and indexes
- D. By removing views of data at runtime from the same source tables
Answer: A,B
NEW QUESTION 63
Which of the following standard correspondence types can you use to exchange information with customers and suppliers?
There are 2 correct answers to this question.
Response:
- A. Payment notices
- B. Invoices
- C. Bill of exchange charges statements
- D. Dunning letters
Answer: A,D
NEW QUESTION 64
Which business partner categories are available to manage relationships?
Note: There are 2 correct answers to this question.
Response:
- A. Bank
- B. Customer
- C. Person
- D. Organization
Answer: C,D
NEW QUESTION 65
Which deployment options exist for SAP S4HANA?
Note: There are 3 correct answers to this question.
Response:
- A. Agile deployment
- B. Hybrid deployment
- C. Central hub deployment
- D. Cloud deployment
- E. On-premise deployment
Answer: B,D,E
NEW QUESTION 66
In addition to the local and global currency in the universal journal, how many freely defined currencies can you assign per company code and ledger.
Response:
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION 67
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: B
NEW QUESTION 68
What does the document splitting do?
Please choose the correct answer.
Response:
- A. It enriches all revenue 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 secondary cost element account lines with the defined splitting characteristics.
Answer: C
NEW QUESTION 69
Which data can you edit in the payment proposal?
Note: There are 3 correct answers to this question.
Response:
- A. Payment block
- B. Invoice amount
- C. House bank
- D. Cash discount
- E. Payee
Answer: A,C,D
NEW QUESTION 70
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SAP C-TS4FI-2020 Exam Description:
The "SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2020)" certification exam verifies that the candidate possesses fundamental knowledge and proven skills in the area of SAP S/4HANA Financial Accounting. It tests that the candidate has a good overall understanding within this consultant profile and can implement this knowledge practically in projects under the guidance of an experienced consultant. It is recommended as an entry-level qualification to allow consultants to get acquainted within Financial Accounting projects. This certificate is the ideal starting point for a professional career as a Financial Accounting consultant on SAP S/4HANA. If experience in SAP implementation projects of Financial Accounting are added over years, a professional career can be validated by taking a second exam: "SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Financials experts".
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