C_TS4FI_2020 Online Practice Questions and Answers
Which edition of SAP S / 4HANA did the universal magazine present? Please choose the correct answer.
A. SAP Business Suite powered by SAP HANA
B. SAP S/4HANA1511
C. SAP S / 4HANA Cloud
D. SAP S / 4HANA Finance 1503
What are the benefits of public cloud deployments of SAP S/4HANA? Note: There are 2 correct answers to this question
A. One-time license investment
B. Increased customizing flexibility
C. IT cost savings
D. Always up to date
In your system, you currently perform manual outgoing payments and want to use the automatic payment program. Which settings must you maintain as part of the configuration of the automatic payment program. NOTE: 2 answers to this question
A. Bank determination
B. Special G / L indicators
C. Payment terms
D. Payjng company codes
Which closing activities are used in external reporting as per SAP best practices?
Note: There are 2 correct answers to this question.
A. Perform valuations of open items in foreign currency.
B. Execute the plan cost center assessment cycle.
C. Reclassify receivables and payables
D. Update product cost estimates.
Which prerequisites must be fulfilled to allow for negative postings of journal entries? There are 2 correct answers to this question
A. The posting key must allow negative postings.
B. The reversal reason must be configured to allow negative postings.
C. The company code must allow negative postings.
D. The reversal accounts must be configured to allow negative postings.
Which attributes should you consider when defining asset number ranges?
Note: There are 2 correct answers to this question.
A. Asset number ranges are defined at chart of depreciation level
B. Asset number ranges are defined for asset classes and are company code specific
C. Each asset class can have either an internal or external number range
D. Each asset number range has to be assigned to a unique asset class.
You are responsible for configuring document splitting. What are some of the key settings?
Note: There are 2 correct answers to this question.
A. Field status variant
B. Business transaction variant
C. Document number range
D. Document type
What account types can you use to classify general ledger accounts in SAP S/4HANA? There are 3 correct answers to this question.
A. Secondary costs
B. Reconciliation accounts
C. Non-operating expense or income
D. Field status group
E. Balance sheet
Your customer- performs pre-closing activities on the last day of the month. Which activities are typically executed during pre-closing?
There are 3 correct answers to this question.
A. Perform foreign currency valuation for accounts payable.
B. Create the asset history sheet for asset accounting
C. Post recurring entries for the general ledger.
D. Process bad debt expenses for accounts receivable.
When can you set the open item management indicator in a general ledger account? There are 2 correct answers to this question.
A. When an account is required for clearing
B. When an account is set up as a cost element
C. When an account has a zero balance
D. When an account is used as a reconciliation account