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

What object determines the number range for business partner master data?

• Business partner category
• Business partner role
• Business partner grouping
• Business partner type

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.

• 5
• 8
• 10
• 3

Your customer wants the values for a special group of assets to be shown separately in the general ledger. Which objects do you create in Customizing for Asset Accounting? Note: There are 2 correct answers to this question.

• Asset class
• Depreciation area
• Account determination key
• Financial statement version

How do you depreciation areas in SAP S/4HANA? Note: There are 2 correct answers to this question.

• Assign a ledger group to each depreciation area.
• Ensure each accounting principle is assigned to a depreciation area.
• Assign depreciation area 01 to the leading ledger.
• Ensure depreciation areas always post to the general ledger.

Identify the reasons for archiving data. Choose the correct answers. (3)

• Lowering the effort involved in database administration.
• Using data as a backup.
• Improving response times and ensuring good response times.
• Reducing the system downtime when carrying out software upgrades, recoveries, and (offline) database backups.

Which of the following methods does the depreciation key define? Choose the correct answers. (3)

• Multilevel method
• Period control method
• Base method
• Asset sheet valuation method

What is the correct order of steps when you use the SAP I financial Closing Cockpit?

• Create tasks 2. Define dependencies 3. Create template 4. Create task list 5 Release task list
• Create tasks 2. Define dependencies 3 Create task list 4. Create template 5. Release task list
• Create template 2 Create tasks 3 Define dependencies 4 Create task list 5 Release task list
• Create template 2 Create tasks 3. Create task list 4. Define dependencies 5. Release task list

You are starting the fiscal year-end process in Asset Accounting in SAP S / 4HAN

• What are the year-end closing program checks for Asset Accounting? There are 2 correct answers to this question. A. Assets are complete and error free
• Fixed asset fiscal year changes is complete.
• Depreciation is posted in full
• The general ledger and subledgers are closed

During the archiving procedure, if the application generates a specific log, it is used; otherwise, you need to manually create a log. Determine whether this statement is true or false. Please choose the correct answer.

• False
• True

Which edition of SAP S/4HANA introduced the universal journal?

• SAP Business Suite powered by SAP HANA
• SAP S/4HANA Finance 1503
• SAP S/4HANA Cloud
• SAP S/4HANA1511