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Note! C_S4FCF_2021 has been withdrawn. The new exam code is C_S4FCF_2023

C_S4FCF_2021 Practice Exam Questions with Answers SAP Certified Application Associate - Central Finance in SAP S/4HANA (SAP S/4HANA 2021) Certification

Question # 6

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.

A.

Delete or cancel all AIF messages with status errors.

B.

Run the RCFIN_DEL_MIG report in the source system.

C.

Stop the data extraction in the target system.

D.

Run the RFINS_CFIN_CLEAR_INIT_LOAD report in the target system.

E.

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

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Question # 7

You want to maintain the master data of a cost object that has already been replicated to the Central Finance system. In which system is this performed?

A.

Source system

B.

Target system

C.

SAP Master Data Governance system

D.

SAP Landscape Transformation (SLT)

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Question # 8

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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Question # 9

A customer has a non-SAP source system with runtime-database license. Which SLT scenario must be used for Central Finance implementation?

A.

Application-based replication

B.

Non-SAP

C.

Business integration

D.

Data-based replication

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Question # 10

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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Question # 11

What are the additional replication capabilities of SLT for Central Finance? Note: There are 2 correct answers to this question.

A.

Scheduled data replication

B.

Delta capturing

C.

Ad-hoc data replication

D.

Parallel data replication

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Question # 12

What do you assign to the logical system as part of the technical configuration of Central Finance?

A.

RFC destination

B.

System name

C.

Client ID

D.

Company code

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Question # 13

What are the prerequisites for price difference splitting in Central Finance? Note: There are 3 correct answers to this questions.

A.

Production order settlement is configured in the source system.

B.

Costing-based Profitability Analysis must be active in the source system.

C.

Accounts for splitting price difference are configured in the target system.

D.

Account-based Profitability Analysis must be active in the source system.

E.

Accounts for splitting price difference are configured in the source system.

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Question # 14

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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Question # 15

What are the implications when you activate Central Payment functionality? Note: There are 2 correct answers to this question.

A.

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

B.

The central system becomes the book of record.

C.

Invoices posted in the source system are technically cleared.

D.

Central Payment is not possible for third-party systems.

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Question # 16

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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Question # 17

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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Question # 18

SAP recommends running the consistency check report (RFINDEX) with which options selected? Note: There are 3 correct answers to this question.

A.

Indexes against ledger

B.

Documents against ledger

C.

Documents against transaction figures

D.

Documents against indexes

E.

Indexes – transaction figures

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Question # 19

Where do you perform the variance calculation in a Central Finance scenario?

A.

In the target system before order settlement

B.

In the source system after order settlement

C.

In the target system after order settlement

D.

In the source system before order settlement

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Question # 20

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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Question # 21

What are the features of the SAP Shared Service Framework with Central Finance? Note: There are 2 correct answers to this question.

A.

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

B.

It simplifies consolidations.

C.

It centralizes all service-relevant transactional activities.

D.

It allows a comparative and harmonized view for corporate reporting.

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Question # 22

Which of the following Central Finance interfaces are available for data replication from an SAP source system? Note: There are 3 correct answers to this question.

A.

Material cost estimates

B.

WBS elements

C.

Cost objects

D.

Activity rates

E.

Master data elements

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Question # 23

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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Question # 24

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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