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SAP C_S4FCF_2023 SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Central Finance Exam Practice Test

Demo: 24 questions
Total 80 questions
Get C_S4FCF_2023 Full Access Download C_S4FCF_2023 PDF

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

Question 1

What are the features of Shared Services Framework with Central Finance?

Note: There are 2 correct answers to this question.

Options:

A.

It allows a comparative harmonized view for corporate reporting.

B.

It is the service management platform for global business service organizations.

C.

It simplifies consolidations.

D.

It centralizes all service-relevant transactional activities.

Question 2

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

Question 3

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.

Question 4

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

Question 5

Which service or application does Master Data Governance (MDG) provide to maintain key mappings one by one?

Options:

A.

Web Dynpro application

B.

Central Finance replication

C.

Cost object mapping

D.

SAP GUI transaction

Question 6

Which of the following are benefits of using Dispute Management with Central Finance?

Note: There are 2 correct answers to this question.

Options:

A.

It enables cross-department dispute resolution.

B.

It calculates credit limits.

C.

It organizes all information and documents related to a dispute case page.

D.

It assigns risk categories.

Question 7

Which reports can you use to compare details from the source system with the Central Finance system?

Note: There are 3 correct answers to this question.

Options:

A.

Document count report

B.

Actual P&L report

C.

Journal entry analyzer report

D.

Document comparison report

E.

Balance comparison report

Question 8

What can you define in the Choose Logical System configuration step of the initial load settings?

Options:

A.

Start year balances

B.

Company code

C.

Package size

D.

Substitution accounts

Question 9

Your customer has completed the initial load of FI/CO postings in a test landscape. Before starting the next test cycle, what must you do to reset the initial load?

Note: There are 3 correct answers to this question.

Options:

A.

Stop the data extraction in the target system.

B.

Run the RFINS_CFIN_CLEAR_INIT_LOAD report in the target system.

C.

Delete all entries in the CFIN_SOURCE_SET table in the source system.

D.

Delete or cancel all SAP Application Interface Framework (AIF) messages with status errors.

E.

Run the RCFIN_DEL_MIG report in the source system.

Question 10

SAP recommends running the consistency check report (RFINDEX) with which options selected?

Note: There are 3 correct answers to this question.

Options:

A.

Documents against indexes

B.

Indexes - transaction figures

C.

Documents against ledger

D.

Documents against transaction figures

E.

Indexes against ledger

Question 11

Which activities must you complete before you can activate real-time replication?

Note: There are 2 correct answers to this question.

Options:

A.

Delete the extract of the initial load data.

B.

Configure the SAP Application Interface Framework.

C.

Configure the VCFIN_SOURCE_SET view in the corresponding source systems.

D.

Correct all errors associated with the initial load.

Question 12

Which objects are included in SAP Master Data Governance consolidation?

Note: There are 2 correct answers to this question.

Options:

A.

Material

B.

Company code

C.

Business partner

D.

Plant

Question 13

You have a business requirement to change a specific document type in the target system. Which mapping action would you use?

Options:

A.

Mapping obligatory

B.

Map if possible

C.

Clear data

D.

Keep data

Question 14

You encounter an error during replication: General Ledger Account Master ID in field G/L Account could not be mapped.

Which transactions can you use to check the mapping?

Note: There are 3 correct answers to this question.

Options:

A.

Search Key Mapping (transaction MDG_ANALYSE_IDM)

B.

Define Value Mapping (code mapping - transaction CFINIMG-> Maintain Value Mapping)

C.

Manage Key Mapping (transaction MDG_KM_MAINTAIN)

D.

Manage G/L Account (transaction FS00)

E.

Manage Mappings (transaction FINS_CFIN_MAP_MANAGE)

Question 15

What are the options for mapping cost objects to internal orders with the cost object mapping framework?

Note: There are 2 correct answers to this question.

Options:

A.

Service order

B.

QM order

C.

Product cost collector

D.

Cost center

Question 16

For which initial load object does error handling NOT take place in the SAP Application Interface Framework?

Options:

A.

EC-PCA documents

B.

FI/CO documents

C.

Cost objects

D.

CO internal documents

Question 17

What activities are typically performed by operational teams on a daily basis between the source systems and the Central Finance system?

Note: There are 3 correct answers to this question.

Options:

A.

Payment methods

B.

Internal order mapping

C.

Check SAP Application Interface Framework (AIF) monitor

D.

Exchange rates

E.

Authorization updates

Question 18

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.

Question 19

What is the purpose of a change request in SAP Master Data Governance?

Note: There are 2 correct answers to this question.

Options:

A.

It defines controls the process flow according to the defined change request type.

B.

It acts as a container for new or changed master data.

C.

It transports changed customizing settings.

D.

It replicates master data to maintenance systems.

Question 20

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

Question 21

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.

Question 22

Which of the following activities are required to start the initial load of FI/CO postings for the selected company codes from the SAP ECC source system?

Note: There are 2 correct answers to this question.

Options:

A.

Define the initial load group.

B.

Configure the VCFIN_SOURCE_SET table in the target system.

C.

Perform month-end closing in the source system.

D.

Configure the Substitution Migration Clearing accounts.

Question 23

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

Question 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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Demo: 24 questions
Total 80 questions
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