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C_S4FCF_2023 SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Central Finance Questions and Answers

Questions 4

What must you consider for integration of non-SAP source systems with Central Finance?

Note: There are 3 correct answers to this question.

Options:

A.

The data is transferred from the non-SAP system to the SLT staging tables.

B.

There is no preconfigured content to extract data from non-SAP systems.

C.

SAP Application Interface Framework (AIF) is used for monitoring.

D.

Real-time replication is not supported for non-SAP source systems.

E.

SLT staging tables are the same as for SAP source systems.

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Questions 5

Which capabilities can support the processing of partially paid receivables in Central Finance?

Note: There are 2 correct answers to this question.

Options:

A.

Alerts of intercompany reconciliation for automatic clearing of remaining receivables

B.

Down payment request with reference to the original sales order

C.

Dispute case for the clarification of payment differences

D.

Promise-to-pay agreements created from a collection worklist

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Questions 6

When do you activate the replication of WBS elements for Central Finance?

Options:

A.

After the mapping replication of cost centers

B.

After replication is activated in SAP System Landscape Transformation (SLT)

C.

After the initial load of FI documents

D.

After the configuration of inbound outbound ALE

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Questions 7

What are some of the advantages of using intercompany reconciliations in Central Finance?

Note: There are 2 correct answers to this question.

Options:

A.

You can manage intercompany reconciliation using alerts and analytics.

B.

You can assign documents based on predefined customized rules.

C.

You can eliminate long-running batch jobs for loading the data into Central Finance.

D.

You can standardize payment processes.

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Questions 8

Which functions are available in Central Finance to validate the system setup before the initial load?

Note: There are 3 correct answers to this question.

Options:

A.

Simulation of postings for FI/CO documents

B.

Smoke test functionality for CO secondary postings

C.

Smoke test functionality for cost objects (AUFK)

D.

Simulation of mapping for WBS

E.

Simulation of postings for AVL

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Questions 9

What is the recommended naming convention when you define a logical system name in Central Finance?

Options:

A.

System ID; "CLNT"; client number

B.

"CLNT"; client number; system ID

C.

System ID; "CLNT"; company code

D.

System ID; company code; client number

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Questions 10

What are the advantages of SLT deployment on a separate instance?

Note: There are 3 correct answers to this question.

Options:

A.

No RFC connection is required to source Central Finance systems.

B.

SLT has direct access to source Central Finance systems.

C.

Other systems can be connected without impact on source Central Finance systems.

D.

There is no impact from an upgrade of source Central Finance systems.

E.

Other integration scenarios besides Central Finance are possible.

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Questions 11

You want to set up the Central Finance system.

What technical configuration activities do you need to perform?

Note: There are 3 correct answers to this question.

Options:

A.

Configure ISO codes for currencies.

B.

Assign the RFC destination in the source system.

C.

Assign the logical system for the central finance system.

D.

Configure decimal places for currencies.

E.

Set up the RFC destination for the source system.

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Questions 12

You need to set up a central Credit Management landscape in Central Finance. Which distribution settings does SAP recommend to determine the credit limit?

Note: There are 2 correct answers to this question.

Options:

A.

Process Integration (PI)

B.

Web services

C.

Credit Manager Portal

D.

Web Dynpro

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Questions 13

Which data is included in SAP Master Data Governance?

Note: There are 2 correct answers to this question.

Options:

A.

Bank data: banks, house banks, bank accounts

B.

Logistics data: sales orders, plants, organizational units such as sales and purchase organization

C.

Material data: general data, units of measure

D.

Financials data: general ledger accounts, profit centers, cost centers

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Questions 14

You must avoid possible double payments for historical open items.

Which options do you have?

Note: There are 2 correct answers to this question.

Options:

A.

Delete all relevant open items.

B.

Remove the payment method in Central Finance.

C.

Mark open items as technically cleared in a source system.

D.

Set a payment block in Central Finance.

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Questions 15

Which objects are part of key mapping?

Note: There are 3 correct answers to this question.

Options:

A.

Company code

B.

WBS element

C.

Customer

D.

Tax code

E.

Cost center

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Questions 16

Which of the following are domains in SAP Master Data Governance?

Note: There are 3 correct answers to this question.

Options:

A.

Material

B.

Business Partner Supplier Customer

C.

Logistics

D.

Finance

E.

Manufacturing

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Questions 17

What are the implications when you activate Central Payment functionality?

Note: There are 2 correct answers to this question.

Options:

A.

Invoices posted in the source system are technically cleared.

B.

Central Payment is not possible for third-party systems.

C.

The central system becomes the book of record.

D.

Credit limits must be maintained at the business partner level in the source system.

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Questions 18

Which master data is supported with SAP Master Data Governance Financials (MDG-F)?

Note: There are 2 correct answers to this question.

Options:

A.

Profit center hierarchies

B.

Financial planning data

C.

Fixed asset master

D.

General ledger accounts

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Questions 19

Which of the following functions are valid for initial load extraction of FI/CO postings?

Options:

A.

The target system controls the open items to be extracted from the source system.

B.

Migration clearing accounts are maintained for reconciliation accounts.

C.

The source system controls the period fiscal year for balance extraction document extraction.

D.

Initial load can be executed only for specific company codes.

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Questions 20

You plan to use Central Finance system for Collections Management Intercompany Reconciliation. Which prerequisites must be met?

Note: There are 2 correct answers to this question.

Options:

A.

Central payments must be activated.

B.

Payment terms must be replicated.

C.

Source systems Central Finance must use business partners.

D.

Replication of open items must be used.

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Questions 21

Which actions are performed by a functional FI/CO key user in a Central Finance project?

Note: There are 3 correct answers to this question.

Options:

A.

User acceptance testing

B.

Design blueprints

C.

Participate in training

D.

Create incidents

E.

Design IT landscape strategy

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Questions 22

Which of the following processes are applicable during activity rate replication?

Note: There are 2 correct answers to this question.

Options:

A.

Activity rate replication can be run from the source system to CFIN.

B.

Activity rate replication occurs through cost object mapping framework interface.

C.

Configuration of a transfer rule is not needed for replication.

D.

Activity rate replication can be run from CFIN to the source system.

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Questions 23

Which entities are contained in an initial load group?

Note: There are 2 correct answers to this question.

Options:

A.

Logical system

B.

Controlling area

C.

Company codes

D.

Profit center

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Questions 24

You are explaining the architectural concept of Central Finance to a customer. Which SAP System Landscape Transformation (SLT) objects are used during replication from both ABAP and non-ABAP systems?

Note: There are 2 correct answers to this question.

Options:

A.

Reading engine

B.

Mapping framework

C.

Logging table

D.

Database trigger

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Exam Code: C_S4FCF_2023
Exam Name: SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Central Finance
Last Update: Dec 4, 2024
Questions: 80

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