Free Access to SAP.C_TS4FI_2020.v2023-03-16.q39 with Valid Practice Test (Page 2)

Question 1

You must run the foreign currency valuation for both US GAAP and IFRS, which leads to different values for the two different accounting principles.
How can you set this up in the system?

A.Define two valuation methods and assign the accounting principles to the new valuation methods.
B.Define a valuation area and ledger group for two ledgers to ink with the new valuation area.
C.Define a valuation area and extension ledger to link with the new valuation area.
D.Define two valuation areas and two accounting principles with relevant links to ledgers.

Question 2

What do you define when configuring asset classes? Note:There are 3 correct answers to this question.

A.Financial statement version
B.Account determination
C.Number ranges
D.Posting keys
E.Screen layout rules

Question 3

Which of the following statements are valid for financial document number ranges? Note:There are 3 correct answers to this question.

A.the same financial document number range can be assigned to several document types.
B.Financial document number ranges are defined at company code level.
C.Financial document number ranges must be defined for the year in which they are used.
D.Financial document number ranges defined at client level should NOT overlap.
E.All financial document number ranges can contain numbers and/or letters.

Question 4

You are responsible for configuring document splitting. What are some of the key settings? Note: There are 2 correct answers to this question.

A.Document type
B.Field status variant
C.Business transaction variant
D.Document number range

Question 5

What does the document type control?
Note: There are 2 correct answers to this question.

A.Whether negative postings are permitted
B.Whether exchange rate differences are permitted
C.Which account types are allowed for postings
D.Which posting keys are allowed for postings

Question 1

Question 2

Question 3

Question 4

Question 5

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