SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2020) (C_TS4FI_2020) Free Practice Test

Question 1

You have been asked to set up house banks as part of the implementation. What information do you need?

A. General ledger account

B. Supplier account

C. Payment method

D. Company code

E. Bank master data

Correct Answer: A,D,E

Question 2

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

Correct Answer: C

Question 3

On which levels can you maintain field status controls for business partners (BP)? Note:There are 2 correct answers to this question.

A. BP type

B. BP category

C. Company code

D. BP role

Correct Answer: A,D

Question 4

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. Company

B. Consolidation group

C. Segment

D. Company code

Correct Answer: D

Question 5

Which documents are needed to complete the 3-way match in procurement transactions? Note:There are 3 correct answers to this question.

A. Material document

B. Goods receipt

C. Purchase order

D. Purchase requisition

E. Invoice receipt

Correct Answer: B,C,E

Question 6

What are the maintenance levels of a screen layout rule for asset master data? Note:There are 3 correct answers to this question

A. Main asset number

B. Asset class

C. Depreciation area

D. Group asset

E. Asset sub number

Correct Answer: A,B,E

Question 7

After you collect data in the Inter company Reconciliati

A. Present reconciled and non-reconciled data.
Communicate differences hat are the next steps of the reconciliation process?

B. Present reconciled and non-reconciled data.
Communicate differences.
Post the correction documents.
Post the correct on documents.
Store the data.

C. Present reconciled and non-reconciled data. Post the correct on documents. Communicate differences.
Store the data.

D. Present reconciled and non-reconciled data. Post the correct on documents. Store the data. Communicate differences.
Store the data.

Correct Answer: B

Question 8

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 non assigned section and is included in the calculation.

B. The balance of the new account is added to the notes in the financial statement item section and is included in the calculation.

C. The balance of the new account is added to the non assigned section and is excluded from the calculation

D. The balance of the new account is added to the notes in the financial statement item section and is excluded from the calculation.

Correct Answer: C

Question 9

Which statements best describe extension ledgers in SAP S/4HANA? Note: There are 2 correct answers to this question.

A. Extension ledgers can be assigned their own posting period variant

B. Multiple extension ledgers can point to the same underlying ledger.

C. Extension ledgers can have different currencies than the underlying ledger.

D. Extension ledgers can be assigned their own fiscal year variant.

Correct Answer: A,B

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SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2020) (C_TS4FI_2020) Free Practice Test