C_S4CFI_2308 Practice Exam Questions with Answers SAP Certified Application Associate - SAP S/4HANA Cloud public edition - Finance Certification

SAP Cash Application uses historical data from electronic bank statements and payment advices to train the machine learning model. The model learns from the past clearing patterns and applies them to new incoming payments. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/9e9a7e16afef4cc0ad2ab27af385aa72.html

The customer credit group and the credit decisions are two of the information that are stored in the credit profile in the customer master data. The customer credit group determines which customers are checked together for credit limit purposes. The credit decisions record the results of the credit checks performed for the customer. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

 You can use Data Actions to perform scripted calculations in your planning model on the SAP Analytics Cloud. Data Actions allow you to define complex calculations using formulas and scripts that can be triggered manually or automatically. References: https://help.sap.com/doc/00f68c2e08b941f081002fd3691d86a7/release/en-US/f2db0ee54bb94daeb2da059eaa538ac9.html

Some of the reasons you cannot remove a test process from a test plan are:

• Data binding exists with another process
• The test plan has already been executed These reasons prevent you from deleting a test process from a test plan because they would affect the integrity and validity of the test results. The test plan user not being created yet or the test process not being made visible do not prevent you from removing a test process from a test plan. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

The activities that you can perform when you use general ledger accounting in SAP S/4 HANA Cloud are:

• Display general ledger items, documents and good balances
• Carry out recurring entries You cannot post to the financial statement version or release blocked sales orders using general ledger accounting in SAP S / 4HANA Cloud. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

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 View Browser app to get a list of all available analytical CDS views and their artifacts, such as query name, description, business area, etc. You can also use this app to display custom SAP views irrespective of draft or released status, but you cannot use it to create, edit, or delete CDS views, launch analytic cloud stories, or add business logic to queries. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/b6e2e2e06e4946ecad2ab27af385aa72.html

You can configure journal entry substitution rules with the following substitution types: substitute with field value, substitute with formula value, and substitute with constant value. You cannot clear field value or substitute with previous value as substitution types. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

 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

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 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

You can use SAP S/4HANA Cloud for Credit Integration for the following activities:

• Supplement internal customer data to better monitor a customer’s credit risk
• Import customer credit ratings from external credit rating agencies You cannot use SAP S/4HANA Cloud for Credit Integration to calculate a customer’s real-time credit limit based on a manual credit rating, notify an external credit agency about outstanding customer payments, or export customer credit ratings to external credit rating agencies. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD_FOR_CREDIT_INTEGRATION/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

Defining specifications for data extraction on legacy system is one of the activities that you perform during the data load preparation. This activity involves defining the source fields, mapping rules, and transformation rules for each data migration object. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/bf3d6e0c6f4740a09ed5d3c3981b8f1d.html

Collections Management, Credit Management, and Dispute Management are three tools that support your customer to reduce days sales outstanding. These tools allow you to monitor and manage your customer’s credit risk, payment behavior, and dispute cases effectively and efficiently. 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:

• Post them as manual journal entries
• Transfer Purchase Orders into the Accrual Engine You cannot use Commitments by Cost Center or Intelligent GR/IR Reconciliation to post accruals in SAP S / 4HANA Cloud. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

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 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

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

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

You can add relationships in the organizational structure in SAP Central Business Configuration after content activation and before defining the primary finance settings. Content activation is required to create an initial organizational structure based on your selected scope items. Primary finance settings are required to finalize your organizational structure and assign company codes. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/bf3d6e0c6f4740a09ed5d3c3981b8f1d.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

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

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

You can use SAP Analytics Cloud for liquidity planning in SAP S/4HANA Cloud. SAP Analytics Cloud is a cloud-based solution that combines business intelligence, planning, and predictive analytics capabilities. You can use SAP Analytics Cloud to create and manage liquidity plans based on your financial data. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

The operational document is the generated document that updates all accounting principles when you post an integrated asset acquisition with a supplier. The operational document contains the postings for all ledgers and accounting principles in a single document. The clearing document, the valuation document, and the controlling document do not update all accounting principles. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

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

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

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 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 activities that the consultant does before the first Fit-to-Standard workshop are:

• Evaluate the Business-Driven Configuration Questionnaire responses
• Review the integration requirements collected from the Digital Discovery Assessment The Business-Driven Configuration Questionnaire is a tool that collects information about your business requirements, such as scope items, countries, currencies, languages, etc. The Digital Discovery Assessment is a tool that collects information about your integration requirements, such as source systems, target systems, communication protocols, etc. The consultant evaluates and reviews these information before conducting the Fit-to-Standard workshop. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

The steps for conducting automated business process testing are create a test plan, run the test, and correct and rerun failed test processes. You do not need to assess data management or create a test system for automated testing. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/bf3d6e0c6f4740a09ed5d3c3981b8f1d.html

SAP Cloud Platform for customer payments is the application that provides the electronic bill presentment and payment capability. This application allows you to create and send electronic invoices to your customers and enable them to pay online using various payment methods. References: https://help.sap.com/viewer/product/SAP_CLOUD_PLATFORM_FOR_CUSTOMER_PAYMENTS/latest/en-US