Practice Free C_S4CFI_2308 SAP Certified Application Associate - SAP S/4HANA Cloud public edition - Finance Exam Questions Answers With Explanation

In the Organizational Structure app in SAP Central Business Configuration, you can add the following entities under the Company root node:

• Sales Organization
• Purchasing Organization These entities represent organizational units that are responsible for selling or procuring products or services. Division and Plant are not entities that can be added under the Company root node, but under other nodes such as Sales Organization or Company Code. References: https://help.sap.com/viewer/product/SAP_CENTRAL_BUSINESS_CONFIGURATION/latest/en-US

The set of data migration objects available from the Migrate Your Data application depends on the selected business scenarios that are scoped for the implementation project. The source system, the customer legacy system, and the target fields do not determine the data migration objects. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/bf3d6e0c6f4740a09ed5d3c3981b8f1d.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

You can use the following methods to fill staging tables in the SAP HANA database of the target system:

• SAP Smart Data Access
• Customer’s ETL tools
• SAP HANA Smart Data Integration (SDI) SAP Smart Data Access allows you to access data from remote sources without replicating it in SAP HANA. Customer’s ETL tools allow you to extract, transform, and load data from various sources into SAP HANA. SAP HANA Smart Data Integration (SDI) allows you to replicate data from remote sources into SAP HANA in real-time or batch mode. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/b6e2e2e06e4946ecad2ab27af385aa72.html

Realignment in Profitability Analysis (CO-PA) is used to adjust assigned characteristics, such as customer group or product hierarchy, based on changes in master data or derivation rules. Realignment does not affect general ledger accounts, exchange rate valuation, or derived value fields. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/9e9a7e16afef4cc0ad2ab27af385aa72.html

The test process types that are available in the Manage Your Test Processes app are:

• Post-upgrade
• Regression
• Custom These test process types represent different testing scenarios that you can perform using predefined or custom test plans. Integration and Standard are not test process types available in the app. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

Communication language is one of the fields that is maintained on the general data segment of the supplier business partner. Communication language determines the language used for correspondence with the supplier. Reconciliation account, tolerance group, and payment terms are not fields on the general data segment, but on other segments such as accounting or purchasing. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

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

Semantic tags are used for in SAP S/4HANA Cloud to calculate KPIs in analytics reports. Semantic tags are attributes that provide additional information about the meaning and purpose of a field or a value. Semantic tags enable the system to aggregate and analyze data based on common business concepts such as revenue, cost, or profit. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/7e30637d0a0545f99f6a65242a44940d.html

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

The Starter system is used in the Explore phase of the implementation project to demonstrate SAP Best Practices processes in a preconfigured system and identify customer personalization requirements. The Starter system is not used for configuration, testing, or demonstration of the customer’s personalized solution. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/0c7d0a8a9f9e4d1f9a0c3c8e1f6b3e2d.html

Payment method supplement is one of the fields that is maintained on the general data segment of the customer business partner. Payment method supplement determines additional information for payment transactions such as payment card type or payment card number. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

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

SAP Cloud Platform Integration is the middleware that is used to integrate SAP S/4HANA Cloud with SAP Concur. SAP Cloud Platform Integration is a cloud-based service that provides tools and prepackaged integration content for integrating SAP and non-SAP applications. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/b6e2e2e06e4946ecad2ab27af385aa72.html

A business user can do the following things with personal settings:

• Change the format of dates and numbers
• Change the order of columns in a table Personal settings allow business users to customize their user interface preferences according to their needs and preferences. Personal settings do not allow business users to merge two or more columns into a single column, modify the UI layout of the app, or create custom report output variants. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

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

Training Dataset and Testing Dataset are two types of datasets that are required for predictive scenarios. Training Dataset is used to train the predictive model based on historical data. Testing Dataset is used to validate the predictive model based on new data. References: https://help.sap.com/doc/00f68c2e08b941f081002fd3691d86a7/release/en-US/f2db0ee54bb94daeb2da059eaa538ac9.html QUESTION NO: 40

Which organizational units are directly linked to a plant? (Choose two.)

A. Storage location

B. Credit control area

C. Company code

D. Sales office

Answer: A, C

Storage location and company code are two organizational units that are directly linked to a plant. A storage location represents a physical or logical place where materials are stored within a plant. A company code represents an independent legal entity that is required for external reporting. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

The tools that are used during the Realize phase of an SAP S/4HANA Cloud deployment are:

• Test Tool
• SAP S/4HANA migration cockpit
• Manage Your Solution application The Test Tool is used to perform business process testing using predefined or custom test plans. The SAP S/4HANA migration cockpit is used to migrate master and transactional data from legacy systems to SAP S/4HANA Cloud. The Manage Your Solution application is used to configure and customize business processes using self-service configuration UIs or expert configuration. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

Cumulative acquisition values in all currencies is one of the data that is entered in the asset migration file for each asset master record. This data represents the total acquisition value of an asset in local currency, group currency, global company currency, and transaction currency. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/bf3d6e0c6f4740a09ed5d3c3981b8f1d.html

Analytics capabilities are built into SAP S/4HANA Cloud by being embedded in the same technical stack as the application. This means that analytics and transactions share the same data model, user interface, security model, etc., enabling real-time insights and actions without data replication or latency. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

Extension ledger is the technology that is used to perform predictive accounting for sales orders in SAP S/4HANA Cloud. Extension ledger is a type of ledger that stores additional postings on top of an underlying ledger, such as the leading ledger. Predictive accounting uses extension ledgers to record provisional postings for sales orders that have not been billed yet. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

The customizing activities that are allowed through the self-service configuration UI are:

• Addition of new custom fields within SAP Best Practices content
• Adaptation of fields within SAP Best Practices content You cannot use the self-service configuration UI to add new SAP Best Practices business processes, delete SAP Best Practices content, or customize through IMG outside self-service configuration UI tools. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

You assign the cash management flow types to liquidity items when you configure cash operations. Liquidity items are categories that classify cash flows based on their sources and uses. Cash management flow types are attributes that define the nature and direction of cash flows for different transactions. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

You can post accruals in SAP S/4HANA Cloud by using one of the following methods:

• Use the accrual engine
• Post a recurring entry
• Enter them manually You cannot use the Microsoft Excel upload or document parking to post accruals in SAP S / 4HANA Cloud. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

Before sending cash flows to a SAP S/4HANA Cloud Treasury workstation, you need to complete the following customizing tasks on the sender system:

• Convert sender planning groups
• Activate Individual Source Applications You do not need to reassign company codes or rebuild flow types in accounting documents on the sender system for this purpose. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD_FOR_TREASURY_MANAGEMENT/latest/en-US

 If a customer needs detailed customization to the standard forms and email templates, you should propose to use the Output Management apps to customize a standard template. You can use these apps to modify elements of the form template, such as layout, content, logo, font, etc.

References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

Based on the SAP Activate methodology, you perform the following activities in the Explore phase:

• Define the organizational structure and chart of accounts
• Conduct the Fit-to-Standard analysis to identify fits and gaps The Explore phase is where you validate your business requirements against the standard solution provided by SAP S/4HANA Cloud. You define your organizational structure and chart of accounts using self-service configuration UIs or expert configuration tools. You conduct the Fit-to-Standard analysis using predefined test scripts or custom test plans. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

You use the SAP Cloud SDK to develop your own cloud applications for SAP S/4HANA Cloud. The SAP Cloud SDK is a set of libraries, tools, and samples that allow you to build cloud-native applications using Java or JavaScript on top of SAP Business Technology Platform (SAP BTP). You can use the SAP Cloud SDK to extend existing applications or create new applications that integrate with SAP S/4HANA Cloud. References: https://help.sap.com/viewer/product/CLOUD_SDK/latest/en-US

Service Contract is one of the options for Contract Type. A Service Contract is a long-term agreement with a customer that defines the content and scope of services guaranteed within specific tolerance limits for certain parameters (e.g. predefined time frames). References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/9e9a7e16afef4cc0ad2ab27af385aa72.html

According to the General Data Protection Regulation (GDPR) laws, SAP customers are considered data controllers when they use SAP cloud applications. A data controller is an entity that determines the purposes and means of processing personal data, such as an organization that uses cloud applications to collect and manage personal data of its employees or customers. A data processor is an entity that processes personal data on behalf of a data controller, such as a cloud service provider that hosts and maintains cloud applications for its customers. References: https://www.sap.com/products/s4hana-cloud/data-protection.html

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 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

The account group controls the number range in which the new G/L account can be created when creating a new G/L account. The account group defines a four-digit numerical interval that determines which G/L account numbers can be assigned to accounts belonging to that group. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US