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SAP C_S4FCF_2021 SAP Certified Application Associate – Central Finance in SAP S/4HANA (SAP S/4HANA 2021) Online Training

Question #1

Which master data is supported with SAP Master Data Governance, Financials (MDG-F)? Note: There are 2 correct answers to this question.

  • A . Financial planning data
  • B . Profit center hierarchies
  • C . Fixed asset master
  • D . General ledger accounts

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Correct Answer: A, B
Question #2

A customer is preparing the Central Finance landscape.

What are considerations for SLT deployment on existing source or target systems? Note: There are 3 correct answers to this question.

  • A . There is better replication performance because there is no network connection required to the Central Finance system.
  • B . SLT deployed in the source system has direct access to any data in the Central Finance system.
  • C . Other source systems that are connected to SLT have no impact on the performance and stability of the source system with deployed SLT.
  • D . SLT has direct access to any data in the source system.
  • E . Upgrades and updates of the source system with deployed SLT impact the replication of other source systems.

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Correct Answer: A, B, D
Question #3

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.

  • A . Web services
  • B . Credit Manager Portal
  • C . Process Integration (PI)
  • D . WebDynpro

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Correct Answer: A, C
Question #4

What activities are typically performed by operational teams on a daily basis between the source system and the Central Finance system? Note: There are 3 correct answers to this question.

  • A . Check AIF monitor
  • B . Payment methods
  • C . Authorization updates
  • D . Exchange rates
  • E . Internal order mapping

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Correct Answer: A, C, D
Question #5

Which transactions can you use to drill back to the source document? Note: There are 2 correct answers to this question.

  • A . CO document display (KSB5)
  • B . SLT monitor (LTRC)
  • C . Change document display (FSCD)
  • D . FI document display (FB03)

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Correct Answer: A, D
Question #6

Which of the following are architecture components of the Project Replication scenario for Central Finance? Note: There are 3 correct answers to this question.

  • A . SAP Landscape Transformation (SLT)
  • B . ALE/IDoc outbound and inbound
  • C . SAP Process Integration (PI) Web service
  • D . SAP Master Data Governance (MDG)
  • E . Application Interface Framework (AIF)

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Correct Answer: B, D, E
Question #7

Which of the following are benefits of Dispute Management with Central Finance? Note: There are 2 correct answers to this question.

  • A . It enables cross-department dispute resolution.
  • B . It organizes all information and documents related to a dispute case page.
  • C . It calculates credit limits.
  • D . It assigns risk categories

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Correct Answer: A, B
Question #8

Which objects are part of Key Mapping? Note: There are 3 correct answers to this question.

  • A . Cost center
  • B . WBS element
  • C . Company code
  • D . Customer
  • E . Tax code

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Correct Answer: A, B, D
Question #9

Which of the following activities are required to start the initial load of FI/CO postings for the selected company codes from the ECC source system? Note: There are 2 correct answers to this question.

  • A . Configure the Substitution and Migration Clearing accounts.
  • B . Configure the VCFIN_SOURCE_SET table in the target system.
  • C . Define the initial load group.
  • D . Perform month end closing in the source system.

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Correct Answer: B, C
Question #10

Which actions can trigger replication from the source system to the Central Finance system? Note: There are 3 correct answers to this question.

  • A . Release project definition
  • B . Create settlement rules
  • C . Create down payments
  • D . Create G/L account
  • E . Create EC-PCA postings

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Correct Answer: B, C, E

Question #11

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

  • A . After replication is activated in SAP Landscape Transformation (SLT)
  • B . After the initial load of FI documents
  • C . After the mapping and replication of cost centers
  • D . After the configuration of inbound and outbound ALE

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Correct Answer: D
Question #12

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

  • A . Cost objects
  • B . CO internal documents
  • C . FI/CO documents
  • D . EC-PCA documents

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Correct Answer: C
Question #13

What is the purpose of a change request in SAP Master Data Governance? Note: There are 2 correct answers to this question.

  • A . It acts as a container for new and changed master data.
  • B . It transports changed customizing settings.
  • C . It replicates master data to maintenance systems.
  • D . It defines and controls the process flow according to the defined change request type.

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Correct Answer: A, C
Question #14

What actions can you run in the Application Interface Framework (AIF) of the Central Finance system to support business users? Note: There are 2 correct answers to this question.

  • A . Activate multiple error tracking
  • B . Link SAP transactions to a message
  • C . Activate emergency error correction in the source system
  • D . Change error message text

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Correct Answer: B, D
Question #15

Which activities must you perform in the source system? Note: There are 3 correct answers to this question.

  • A . Maintain the initial load scope.
  • B . Assign authorizations for an RFC user.
  • C . Configure decimal places for currencies.
  • D . Carry forward balances.
  • E . Activate central finance business function.

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Correct Answer: A, B, C
Question #16

What are some of the advantages of using intercompany reconciliations in Central Finance? Note: There are 2 correct answers to this question.

  • A . You can manage intercompany reconciliations later in the closing process.
  • B . You can assign documents based on predefined and customized rules.
  • C . You can manage intercompany reconciliation using alerts and analytics.
  • D . You can eliminate long-running batch jobs for loading the data into Central Finance.

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Correct Answer: A, D
Question #17

Which delta data categories are replicated in real time from SLT to the Central Finance system? Note: There are 2 correct answers to this question.

  • A . Delete
  • B . Exclude
  • C . Reconcile
  • D . Add

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Correct Answer: A, D
Question #18

What are the features of the Accounting View of Logistics (AVL) information in Central Finance? Note: There are 3 correct answers to this question.

  • A . Logistics information is replicated (example: sales order).
  • B . All information from the logistics document is transferred.
  • C . Replication is executed via SLT.
  • D . Business mapping is supported for AVL replication.
  • E . AVL information is available for real-time replication only.

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Correct Answer: B, D, E
Question #19

You are performing a CO initial load. For which objects can you use simul-ation functionality? Note: There are 2 correct answers to this question.

  • A . CO documents
  • B . Cost objects
  • C . Cost centers
  • D . WBS elements

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Correct Answer: A, B
Question #20

Which types of filters can be applied for SAP Landscape Transformation? Note: There are 3 correct answers to this question.

  • A . Database trigger filter
  • B . Event-based filter
  • C . Role-based filter
  • D . Interface filter
  • E . Transfer filter

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Correct Answer: A, B, D

Question #21

Which activities must you complete before you can activate real-time replication? Note: There are 2 correct answers to this question.

  • A . Configure the Application Interface Framework.
  • B . Correct all errors associated with the initial load.
  • C . Configure the VCFIN_SOURCE_SET view in the corresponding source systems.
  • D . Delete the extract of the initial load data.

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Correct Answer: A, C
Question #22

How can you map internal orders from a source system to a Central Finance system? Note: There are 2 correct answers to this question.

  • A . Many-to-one relationship
  • B . Many-to-many relationship
  • C . One-to-many relationship
  • D . One-to-one relationship

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Correct Answer: A, C
Question #23

Which of the following are domains in SAP Master Data Governance? Note: There are 3 correct answers to this question.

  • A . Material
  • B . Logistics
  • C . Finance
  • D . Manufacturing
  • E . Business Partner, Supplier, and Customer

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Correct Answer: A, C, E
Question #24

You are explaining the architectural concept of Central Finance to a customer.

Which SLT objects are used during replication from both ABAP and non-ABAP systems? Note: There are 2 correct answers to this question.

  • A . Logging table
  • B . Mapping and Transformation engine
  • C . Reading engine
  • D . Database trigger

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Correct Answer: B, D
Question #25

What does the classic Profit Center Accounting (EC-PCA) simul-ation tool do? Note: There are 2 correct answers to this question.

  • A . Creates mapping entries
  • B . Carries out data mapping checks
  • C . Checks posting logic
  • D . Posts actual data in the target system

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Correct Answer: B, C
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