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

Question 1

What can you control with the reason code in Accounts Receivable? Note:There are 3 correct answers to this question.

A. The type of payment notice sent to a customer.

B. The special GL indicator for the down payment.

C. The account where a residual item is posted

D. The document type of the payment.

E. The exclusion of disputed residual items from credit limit checks

Correct Answer: A,C,E

Question 2

What are the features of the Accrual Engine in SAP S/4HANA? Note: There are 2 correct answers to this question.

A. Accrual postings with a maximum of two line items are supported.

B. The fiscal year variant of the general ledger is supported.

C. All accrual calculations must be reviewed and approved before posting

D. All currencies of the general ledger are supported.

Correct Answer: B,D

Question 3

Which field can you change on a posted invoice?

A. Tax code

B. Special GL indicator

C. Payment terms

D. Cost center

Correct Answer: C

Question 4

You post a purchase order.
For which expenses does the system calculate accruals?
Note: There are 2 correct answers to this question.

A. Raw material purchases

B. Insurance premiums

C. Consulting services

D. Fixed Asset purchases

Correct Answer: A,D

Question 5

You are configuring asset-related postings of depreciation areas in Asset Accounting. Which of the following settings is "NOT" permitted?

A. Area posts in real time

B. Area does not post

C. Area posts revaluation only

D. Area posts depreciation only

Correct Answer: C

Question 6

You want to configure the tax calculation procedures. What are the main elements you need to define? Note: There are 3 correct answers to this question.

A. Account key

B. Sequence of steps

C. Tax code

D. Condition type

E. Country key

Correct Answer: A,C,D

Question 7

In customizing, at which levels can you assign the print program to the correspondence type? Note: There are 2 correct answers to this question.

A. At business partner level

B. At system level

C. At company code level

D. At client level

Correct Answer: C

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 notes in the financial statement item 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 excluded from the calculation.

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

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

Correct Answer: D

Question 9

Which parameter indicates that a line item can only be dunned with restrictions?

A. Dunning key

B. Dunning block reason

C. Dunning group

D. Dunning area

Correct Answer: A

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

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