Successfully passed C_TS4FI_1709 - SAP HANA for Financial Accounting

Thanks

Congratulation on successfully attaining SAP Hana finance accounting [1709] certification.................   Score 86% in SAP S/4 HANA Financial Accounting... Fellows, thanks  a lot for your help and guidance ....

I have put togrther some useful info purely out of my experience here,  -  Guys honest advice, for some reason pearsonvue does not have this Exams yet , hence if you are not fully confident and ready for taking test, might like to wait for few more months.

As you know, upon unsuccessful on first try AT PEARSON, you may be able to retake the same, under 1 months cooling period on pearson..

ELSE USE
https://training.sap.com/certification/c_ts4fi_1709-sap-certified-application-associate---sap-s4hana-for-financial-accounting-associates-1709-g/

After passing 3rd SAP Certifications,

I thought it would be good for me to share my experiences, tips and ideas and honest advice here with fellow members,  with the user n passing a SAP Certification it seems a fair game and easy to crack but in reality confidence does not come until we run some mock, online test, or practice some real scenarios. AND as you know, especially with latest subjects / application like HANA hana SF, AA, HANA BW BI, SAP EWM,  it is difficult to crack technical application specific questions  but being subject matter experts, SMEs like finance accounting or any other specialisation area who have has ECC FI, CO or other module consultancy experiences, I think  40 to 45 % question would easy to crack form professional experiences, this i am saying form Finance accounting or banking perspective  ...

From  accounting perspective and old world of ECC Eph FICO the  Hana Finance 1705 is easy, No guarantee of my statement on the 1607 Professional, Suggest a good  read of S4F10 Business Processes in Financial Accounting in SAP S/4HANA/.... 

 I know SAP Certification is a tensed affair not because of its toughness, hardship  but, because of the money involved in it (avoid gambling or gambling wth confidence or luck J- all true  , when you’ve  time & money.. I would suggest attending SAP Authorised Training Institutes.. Ping me or send email or need more nfor 

 BP customerid=602316..

Some info that could also be Google

C_TS4FI_1709 - SAP Certified Application Associate -  The "SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (1709)" certification exam confirm that the candidate possesses fundamental knowledge and proven skills in the area of SAP S/4HANA Financial Accounting. 

It tests that the candidate has a good overall understanding within this consultant profile and can implement this knowledge practically in projects under the guidance of an experienced consultant. 

SAP Certification is known for asking tricky scenario questions. Thus, try to relate every topic with the real-time business scenario while you are preparing. 

This will not only help you in solving the question well, but it helps you to master the syllabus. see Exam detail shere 

See detal here :


https://blogs.sap.com/2018/03/01/certifications-for-sap-s4hana-finance/

Notes: To ensure success, SAP recommends combining education courses and hands-on experience to prepare for your certification exam as questions will test your ability to apply the knowledge you have gained in training.

Topic Areas Covered 

Please see below the list of topics and some sample question  that may be covered within this certification and the courses that cover them. Its accuracy does not constitute a legitimate claim; SAP reserves the right to update the exam content (topics, items, weighting) at any time.

·         Financial Closing> 12%

Perform month and year-end closing in Financial Accounting (exchange rate valuation, post provisions etc.), create balance sheet, create profit and loss statements, monitor closing operations using the Financial Closing Cockpit, post accruals with accrual documents and recurring entry documents, and manage posting periods

·         General Ledger Accounting> 12%

Create and maintain general ledger accounts, exchange rates, bank master data and define house banks. Create and reverse general ledger transfer postings, post cross-company code transactions, create profit centers and segments. Clear an account and define and use a chart of accounts. Maintain tolerances, tax codes, and post documents with document splitting.

·         Accounts Payable & Accounts Receivable> 12%

Create and maintain business partners, post invoices and payments and use special g/l transactions, reverse invoices and payments, block open invoices for payment, configure the payment program, and manage partial payments. Define the customizing settings for the Payment Medium Workbench, use the debit balance check for handling payments, define terms of payment and payment types, explain the connection of customers to vendors, describe integration with procurement and sales.

·         Asset Accounting> 12%

Create and maintain charts of depreciation and the depreciation areas, asset classes, asset master data, and configure and perform FI-AA business processes in the SAP system. Set up valuation and depreciation, perform periodic and year-end closing processes, and explain and configure parallel accounting.

·         SAP Financials Cross Topics> 12%

Manage Organizational Units, currencies, configure Validations and Document Types, utilize Reporting Tools, configure Substitutions, and manage Number ranges.

·         SAP HANA, SAP S/4HANA, & SAP Fiori8% - 12%

Explain the SAP HANA Architecture and describe the SAP S/4HANA scope and deployment options.

Exam Preparation

Each specific certification comes with its own set of preparation tactics. We define them as "Topic Areas" and they can be found on each exam description. You can find the number of questions, the duration of the exam, what areas you will be tested on, and recommended course work and content you can reference.

Please be aware that the professional- level certification also requires several years of practical on-the-job experience and addresses real-life scenarios.

Well done for completing the SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (1709)

http://www.erpprep.com/user/login?destination=node%2F13765

SAP S/4HANA Financial Accounting Sample Questions:

01. During which actions does the system assign the document number for Financial Accounting?

There are 2 correct answers to this question.

a) Park

b) Hold

c) Post

d) Simulate

 02. In an asset main number in Asset Accounting, which information can be different between international GAAP and local GAAP?

There are 2 correct answers to this question.

a) Capitalization date

b) Net book value

c) Asset class

d) Deprecation start date

 03. How does the SAP HANA architecture improve SAP S/4HANA system performance?

Please choose the correct answer.

a) SAP HANA uses a structured hierarchical data model with a multitude of lean prebuilt aggregated tables to write efficient code.

b) SAP HANA makes extensive use of database indexes providing common access paths to data in order to improve access speed.

c) SAP HANA allows you to build aggregate tables on top of aggregates and, in addition, special versions of the database tables to support special applications.

d) SAP HANA organizes data in line item tables and can aggregate data from these line item tables at runtime.

 04. You want to make the field "Reference document number" required for entry. Which object controls this setting?

Please choose the correct answer.

a) Document type

b) Document reference key

c) Document field status

d) Document posting key

 05. Which data sections are part of every asset class?

There are 2 correct answers to this question.

a) Depreciation data section

b) Master data section

c) Account determination data section

d) Valuation area data section

 06. Which SAP technological product provides the platform required for SAP to support the digital transformation of an organization?

Please choose the correct answer.

a) SAP HANA

b) SAP CRM

c)  SAP Fiori

d) SAP NetWeaver

 07. Which currency types can you set in customizing activity "define setting for ledgers and currency type"?

There are 2 correct answers to this question.

a) Material Ledger Currency

b) Transaction Currency

c) Local Currency

d) Group Currency

08. SAP HANA makes extensive use of which high-speed hardware technology to offer more speed?

Please choose the correct answer.

a) Read-only memory

b) Solid-State Drives (SSDs)

c) Graphic Processing Units (GPUs)

d) Multicore CPUs

 09. Which business scenarios can be handled with accrual and deferral postings?

Please choose the correct answer.

a) One-time payment for fixing flooding damage

b) Monthly rent payments for an office building

c) One-time payment for one-year cloud storage service

d) Monthly subscription to a financial newspaper

 10. A vendor is also a customer. The payment program has to clear the open items. Which setting has to be maintained for the business partner?

Please choose the correct answer.

a) The account link

b) The same payment method

c) The alternative payer and payee

d) The same bank details

 Answer of question above:

QUESTION: 01Answer: a, c

QUESTION: 02Answer: b, d

QUESTION: 03Answer: a

QUESTION: 04Answer: a

QUESTION: 05Answer: a, b

QUESTION: 06Answer: a

QUESTION: 07Answer: c, d

QUESTION: 08Answer: d

QUESTION: 09Answer: c

QUESTION: 10Answer: a

Some of mix and match interesting questions in HANA basic being asked in FI 1705

NO.1. Which of the following statements is correct for external number assignment (manual posting)?

 Please choose the correct answer.

Response:

a)    The number is entered by the user.

b)    The number is the last document number.

c)    The number must be assigned in a sequence.

d)    The number is automatically assigned.

Answer: A

NO.2 What must you do to create new validations and substitutions? Note There are 2 correct

e)    A. Choose the chart of accounts

f)     B. Deactivate all former validations and substitutions

g)    C. Define the area of application

h)    D. Select the relevant call-up point

Answer: CD

NO.3 Which fields can you edit before posting a parked document? Note: There are 3 correct answers to this question.

Response: A. Posting date

A.    B. Document type

B.    Account D.

C.    Amount E.

D.    Currency Answer: ACD

NO.4 Which of the following product lines does the SAP S/4HANA system rely on for most human resource management functions? Please choose the correct answer.

A.    A. Concur

B.    SAP Hybris

C.    SAP SuccessFactors

D.    SAP Ariba

Answer: C

NO.5 Which business partner categories are available to manage relationships?

Note: There are 2 correct answers to this question.

Response:

A.    Customer

B.    Bank

C.    Person

D.    Organization

Answer: AD

NO.6 which of the following options are included in the Asset Explorer?

There are 3 correct answers to this question. Response:

A. Post documents.

B. Drill down to reports.

C. Display depreciation calculation.

D. Drill down to Financial Accounting (FI) document.

Answer: BCD

NO.7 You can compare text patterns in your statements using the keyword LIKE. Determine whether this statement is true or false.

Response: A. True B. False

Answer: A

NO.8 Which two reports should you use to create correspondence to and from customers and vendors to enable you to verify the balance of receivables and payables?

There are 2 correct answers to this question. Response:

A. SAPF130K

B. SAPF130E

C. SAPF130D

D. SAPF130L

Answer: AC

NO.9 When you post a manual incoming payment, which parameters are valid for all payment documents?

Note: There are 2 correct answers to this question.

Response:

A.        Residual item

B.        Tolerance group

C.        Bank account

D.        Journal entry type

Answer: CD

NO.10 Which field status has the lowest priority (G/L accounts)? Please choose the correct answer.

Response:

A. Optional entry

B. Hide

C. Required entry

D. Display

Answer: A

NO.11 In the integrated scenario for down payments, in what step of the process do you enter the down payment information? Response:

A. Invoice verification

B. Purchase order creation

C. Down payment monitoring

D. Goods receipt creation Answer: A

NO.12 Which of the following functions include the important functions of the SAP List Viewer tool?

There are 3 correct answers to this question.

Response:

A. Defining print parameters

B. Setting filters

C. Deleting and inserting columns

D. Calculating totals and subtotals

Answer: BCD