C_S4CFI_2308 SAP Certified Application Associate - SAP S/4HANA Cloud public edition - Finance Questions and Answers

You use the SAP Best Practices Explorer to run the SAP Cloud Integration Automation Service for SAP S/4HANA Cloud. The SAP Best Practices Explorer is a web-based tool that allows you to discover and consume predefined integration content for connecting SAP S/4HANA Cloud with other SAP Cloud solutions. The SAP Cloud Integration Automation Service is a tool that allows you to discover, configure, and deploy predefined integration content for connecting SAP S/4HANA Cloud with other SAP Cloud solutions. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

You can perform the following actions with the Manage Trade Requests app on the SAP Cloud Platform:

• Select transaction rate
• Block requests You cannot use this app to create hedge requests or split requests. You need to use other apps such as Hedge Management Cockpit or Hedge Request Overview for those actions. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD_FOR_TREASURY_MANAGEMENT/latest/en-US

The implementation team is responsible for preparing and performing the master data loads. The implementation team consists of consultants from SAP or partners who have the expertise and tools to perform data migration tasks. The project leader team, the customer project team, and the basis team are not responsible for master data loads. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/bf3d6e0c6f4740a09ed5d3c3981b8f1d.html

When a customer has a cloud-centric landscape, you should use the following technologies to integrate SAP S/4HANA Cloud with another SAP Cloud solution:

• SAP Cloud Connector
• Predelivery APIs SAP Cloud Connector is a tool that allows you to establish secure connections between SAP S/4HANA Cloud and other SAP Cloud solutions using cloud-to-on-premise integration scenarios. Predelivery APIs are application programming interfaces that allow you to access and exchange data between SAP S/4HANA Cloud and other SAP Cloud solutions using standard protocols and formats. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

Communication language is one of the details that are maintained on the General Data segment of the business partner for a supplier. Communication language determines the language used for correspondence with the supplier. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

You can find content to set up an integration if there is no SAP Best Practices content available in the SAP API Business Hub. The SAP API Business Hub is a catalog of APIs, events, and integration flows that allow you to discover and consume services from SAP and selected partners. You can use the SAP API Business Hub to explore, test, and implement integrations between SAP S/4HANA Cloud and other SAP Cloud solutions. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

In a 2-tier ERP scenario, you can use the following integration technologies to integrate SAP S/4HANA with a subsidiary running on SAP S/4HANA Cloud:

• SAP Cloud Connector
• SAP Cloud Integration Automation Service SAP Cloud Connector is a tool that allows you to establish secure connections between SAP S/4HANA and SAP S/4HANA Cloud using cloud-to-on-premise integration scenarios. SAP Cloud Integration Automation Service is a tool that allows you to discover, configure, and deploy predefined integration content for connecting SAP S/4HANA and SAP S/4HANA Cloud. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

Fixed asset and business partner are two of the objects that must be available before legacy G/L account balances can be completely migrated in the SAP S/4HANA Cloud system. These objects are required to assign G/L account balances to fixed assets and business partners during data migration. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/bf3d6e0c6f4740a09ed5d3c3981b8f1d.html

Deposit at notice is a financial transaction that involves a repayment at the end of the contract with no interest payments made during the term. Deposit at notice is a type of money market transaction where one party deposits funds with another party for an indefinite period, subject to a notice period for withdrawal. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/b6e2e2e06e4946ecad2ab27af385aa72.html

A letter of credit is an instrument that you can apply for as a buyer of goods to secure the transaction. A letter of credit is a type of trade finance transaction where a bank guarantees payment to a seller on behalf of a buyer, subject to certain conditions being met. Commercial paper, bank guarantee, and zero-coupon bond are not instruments that you can apply for as a buyer of goods. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/b6e2e2e06e4946ecad2ab27af385aa72.html

Based on the SAP Activate methodology, business process test and integration test are formal tests that must be documented during implementation. Business process test verifies that all business processes work as expected in the Quality system. Integration test verifies that all interfaces and integrations work as expected in the Quality system. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/bf3d6e0c6f4740a09ed5d3c3981b8f1d.html

After approving a journal entry as a processor, you see the system has marked the posting as failed. To resolve this, you can correct the indicated errors in the original entry and post it. You do not need to ask the requester to correct or resubmit the entry, or create a new entry yourself. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

You use the Maintain Business Partner app to migrate new bank data to SAP S/4 HANA. This app allows you to create and edit business partners such as customers and suppliers, and maintain their bank details such as bank accounts and bank keys. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

Some characteristics of SAP HANA Enterprise Cloud are:

• It is an Infrastructure as a Service (IaaS) plus managed services
• Services include provisioning, patching, and upgrading
• Customers can bring their own licensed SAP applications SAP HANA Enterprise Cloud is a private cloud service that offers dedicated infrastructure and managed services for running mission-critical applications such as SAP S/4HANA on top of SAP HANA database technology. References: https://www.sap.com/products/hana-enterprise-cloud.html

An implementation consultant supports the customer during Fit-to-Standard workshops by doing the following:

• Demonstrate SAP Best Practices in the starter system
• Highlight gaps that require decisions on configuration or extensibility The Fit-to-Standard workshop is a process where the customer validates the fit of their business requirements with the standard solution provided by SAP S/4HANA Cloud. The implementation consultant helps the customer understand how the standard solution works and identify any gaps that need to be addressed by configuration or extensibility options. The implementation consultant does not determine set up instructions for Customer-Driven Integrations, conduct end-user training on all active scope items, or create custom test scripts for testing scenarios. These tasks are performed by other roles such as integration experts, key users, or test managers. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

You can migrate data to SAP S/4HANA Cloud, public edition by using one of the following methods:

• File templates
• Core Data Services File templates are predefined Excel files that allow you to enter and upload data to staging tables in SAP S/4HANA Cloud using the SAP S/4HANA Migration Cockpit. Core Data Services are data models that allow you to access and manipulate data in SAP S/4HANA Cloud using SQL statements or ABAP code. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

Financial Accounting is the entity that deals with processing the bank account statement and journal entries for bank / credit card settlement accounts. Financial Accounting handles all transactions related to bank accounts and payments. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

You maintain the activity price for a cost center to perform activity allocation. The activity price represents the cost per unit of activity that is consumed by another cost object, such as an internal order or a project. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

The following can be transported using the Software Collection apps in SAP S/4HANA Cloud:

• Custom business roles
• Custom business objects These are examples of custom content that you can create and transport using the Software Collection apps. You cannot transport variants and changes or migration projects using the Software Collection apps. You need to use other tools or apps for those tasks. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

The journal entry type controls the types of accounts allowed to be posted to. For example, journal entry type AA allows posting to asset accounts, journal entry type SA allows posting to G/L accounts, and journal entry type AB allows posting to both asset and G/L accounts. The journal entry type does not control the ledgers updated, the transaction currency types allowed, or whether a posting posts a debit or credit value. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

You can enable a customer-specific field to be available for UIs and reports relevant for the same business context in the Custom Fields and Logic app. You can use this app to create custom fields and assign them to business contexts and UIs. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/7e30637d0a0545f99f6a65242a44940d.html

You use the Cloud ABAP Web Editor to change or add business rules and business logic in the key user extensibility scenario. The Cloud ABAP Web Editor is a tool that allows you to create and edit custom business objects, custom CDS views, custom code lists, and custom logic using ABAP in SAP S/4HANA Cloud. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/b6e2e2e06e4946ecad2ab27af385aa72.html

The upload of the migration template fails due to the duplicated record at the Execute Import stage when you perform data migration using the SAP S/4HANA Migration Cockpit. The Execute Import stage is where you transfer data from staging tables to target tables in SAP S/4HANA Cloud, and any duplicate records would cause errors at this stage. The Convert Values, Validate Data, and Simulate Import stages do not fail due to duplicate records, as they only perform data transformation, validation, and simulation tasks without transferring data to target tables. References: https://help.sap.com/viewer/product/SAP_S4HANA_MIGRATION_COCKPIT/latest/en-US

The transition scenario that fits a customer who is interested in moving to SAP S/4HANA Cloud, but is not ready for full process redesign is New Implementation. New Implementation is a scenario where you start with a fresh installation of SAP S/4HANA Cloud and migrate your data from your legacy system using predefined migration tools and content. This scenario allows you to adopt standard best practices with minimal customization and disruption. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

You can use the Query Builder to perform the following adjustments to queries:

• Add, remove, or customize fields in queries
• Create parameters to read values from the user settings
• Copy a query from an SAP-delivered standard query
• Add business logic to queries You cannot use the Query Builder to create custom Core Data Services (CDS) views for use in queries. You need to use the Custom CDS Views app for that purpose. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/b6e2e2e06e4946ecad2ab27af385aa72.html

The Quality system is activated after the Starter system is terminated. The Starter system is a temporary system that is used for scoping and configuration activities during the Explore phase. The Quality system is a permanent system that is used for testing and validation activities during the Realize phase. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

The options available for the bank account revision in SAP S / 4HANA Cloud are:

• Activate via dual control
• Activate directly You cannot activate a bank account via machine learning or automatically in SAP S / 4HANA Cloud. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/b6e2e2e06e4946ecad2ab27af385aa72.html

The activities that are completed in SAP Central Business Configuration are:

• Add extensions to standard processes
• Add customer-specific data within SAP Best Practices content SAP Central Business Configuration is a tool that allows you to configure and customize your SAP S/4HANA Cloud solution using predefined content and settings. You cannot use SAP Central Business Configuration to create customer-specific master data, activate countries not covered by SAP Best Practices, or create new business processes. References: https://help.sap.com/viewer/product/SAP_CENTRAL_BUSINESS_CONFIGURATION/latest/en-US

 To reconcile cash flows from intraday bank statements, you need to define the tolerance groups for cash flow reconciliation and perform the required settings for importing bank statements. Tolerance groups define the maximum allowed difference between cash flows from bank statements and clearing documents. Bank statement settings define how bank statements are imported into SAP S/4HANA Cloud. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

The Key Performance Indicators that are available in the Treasury Executive Dashboard in SAP Analytics Cloud are:

• Counterparty Risk - Utilization Overview
• Liquidity by Region These KPIs provide insights into the exposure and liquidity situation of the treasury organization. Open Disputes by Country and Payments per Company Code are not KPIs available in the Treasury Executive Dashboard. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD_FOR_TREASURY_MANAGEMENT/latest/en-US

Each cash journal must have a unique G/L account that represents the cash balance of the cash journal. The G/L account is used to post cash transactions to the general ledger. References: https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2105.500/en-US/6f7a1f0e6a3a4b2e8a7d0a2b1f2b6e3c.html

The 3 key components of the Intelligent Enterprise SAP offering are:

• Intelligent Technologies: These are technologies that enable advanced capabilities such as machine learning, blockchain, Internet of Things, etc.
• Intelligent Suite: This is a suite of integrated applications that cover core business processes such as ERP, CRM, SCM, etc.
• Digital Platform: This is a platform that provides services for data management, analytics, application development, integration, etc. References: https://www.sap.com/products/intelligent-enterprise.html

 Customers can scope pre-defined scenario bundles, scope extensions, and countries where business processes will run in SAP S/4HANA Cloud with Central Business Configuration (CBC). CBC does not support non-standard scenarios or public sector processes. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/5a3c7e1a2a2f4d9dbd6e0a2b1f2b6e3c.html

You specify the retention time of temporary data in the migration project when you perform data migration using the SAP S/4HANA Migration Cockpit. The migration project is where you define general settings for your data migration, such as source system, target system, migration objects, and retention time. The retention time determines how long temporary data is stored in staging tables before it is deleted automatically. References: https://help.sap.com/viewer/product/SAP_S4HANA_MIGRATION_COCKPIT/latest/en-US