C-TS4FI-2020 by SAP Valid Free Exam Practice Test

Question 1

How does the system perform normal journal entry reversals?

A. It creates a transfer posting by resetting the transaction figures B. It creates the inverse posting of a cleared document before resetting it. C. It creates an inverse posting by resetting the transaction figures D. It creates an inverse posting by increasing the transaction figures

Correct Answer: D

Question 2

Which field can you change on a posted invoice?

A. Cost center B. Special GL indicator C. Payment terms D. Tax code

Correct Answer: C

Question 3

You need to define a new document type with a specific document number range to post customer invoices via interface from a non-SAP system.
How would you define the document number range?

A. You must use external number assignment B. You must use internal number assignment C. You can use internal, external, or continuous number assignment D. You must use continuous number assignment.

Correct Answer: A

Question 4

You want to configure the "default baseline date for the payment terms of an incoming invoice". From which date can you derive the baseline date?
Note: There are 3 correct answers to this question.

A. Goods receipt date B. Value date C. Entry date D. Document date E. Posting date

Correct Answer: C,D,E

Question 5

Which of the following statements best describe how customer down payments are integrated with Sales & Distribution (SD)?

A. A down payment request is created as an SD billing document, which is automatically posted in Fl as a noted item B. A down payment request is created as an Fl noted item, which automatically generates an SD sales order C. A down payment request is created as an SD sales order, which is automatically posted in Fl as a noted item. D. A down payment request is created as an Fl noted item, which automatically generates an SD billing document.

Correct Answer: A

Question 6

Which date is used to determine the depreciation start date?

A. Value date B. System date C. Document date D. Posting date

Correct Answer: A

Question 7

What does the document splitting functionality do?

A. It enriches all revenue account lines with the defined splitting characteristics B. It enriches all secondary cost element account lines with the defined splitting characteristics C. It enriches all profit and loss account lines with the defined splitting characteristics D. It enriches all relevant balance sheet account lines with the defined splitting characteristics

Correct Answer: D

Question 8

What is the purpose of period interval 3 when you define open and closed periods?

A. Authorization control for posting periods B. Posting from CO to Fl C. Posting to special periods D. Posting to special purpose ledger

Correct Answer: B

Question 9

After you collect data in the Inter company Reconciliati

A. Present reconciled and non-reconciled data.
Communicate differences.
Post the correction documents.
Post the correct on documents.
Store the data. B. Present reconciled and non-reconciled data. Post the correct on documents. Store the data. Communicate differences.
Store the data. C. Present reconciled and non-reconciled data.
Communicate differences hat are the next steps of the reconciliation process? D. Present reconciled and non-reconciled data. Post the correct on documents. Communicate differences.
Store the data.

Correct Answer: A

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