SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2020) (C-TS4FI-2020) Free Practice Test

Question 1

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 asset class indicator

B. Remove the reference indicator

C. Remove the sub number indicator

D. Remove the main asset indicator

Correct Answer: B

Question 2

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 line

B. Complete document

C. Document header

D. Cost of sales accounting

Correct Answer: A

Question 3

Besides using the profit center, which options does General Ledger Accounting with document splitting provide to assign a segment to the posting line? Note: There are 2 correct answers to this question.

A. BAdl implementation (FAGL_DERIVE_SEGMENT)

B. Standard account assignment using constants

C. Definition of validation rules

D. Configuration of the derivation logic with derivation sequence and steps

Correct Answer: A,D

Question 4

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 5

Which of the following statements best describe a noted item? Note:There are 2 correct answers to this question.

A. It can be accessed by the payment program.

B. It updates the sub ledger and the general ledger.

C. It has an automatic statistical offsetting entry.

D. It can be used to remind the user about due payments.

Correct Answer: A,D

Question 6

What are key reasons for preferring a new implementation of SAP S/4HANA rather than a system conversion from SAP ERP? Note: There are 2 correct answers to this question.

A. You want to use document splitting for the General Ledger.

B. You want to integrate the system to SAP Cloud Platform.

C. You want to clean up your system and use SAP Best Practices.

D. You want to deploy SAP S/4HANA Cloud.

Correct Answer: C,D

Question 7

What are the characteristics of a company in SAP S/4HANA? Note: There are 2 correct answers to this question.

A. It can be assigned to a company code.

B. It is responsible for costs and revenues within an organization.

C. It is considered for consolidation.

D. It represents separate areas of operation within an organization.

Correct Answer: A,C

Question 8

How does the system perform normal journal entry reversals?

A. It creates the inverse posting of a cleared document before resetting it.

B. It creates an inverse posting by increasing the transaction figures

C. It creates an inverse posting by resetting the transaction figures

D. It creates a transfer posting by resetting the transaction figures

Correct Answer: B

Question 9

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

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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