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Latest SAP Certified Application Associate C_S4FCF_2021 Actual Free Exam Questions
SAP C_S4FCF_2021 Exam Description:
The 'SAP Certified Application Associate - Central Finance in SAP S/4HANA (SAP S/4HANA 2021)' certification exam validates that the candidate possesses the fundamental and core knowledge required of the Central Finance profile. This certification proves that the candidate has an overall understanding and in‐depth technical skills to participate as a member of a project team in a mentored role. This certification exam is recommended as an entry level qualification. It is recommended as verification the consultant is ready to contribute significantly to Central Finance implementation projects. It puts the consultant in a position to be onboarded to an implementation project quickly and to contribute to the project's success right away. The certificate issued for passing this exam will be valid for 5 years. This certificate is the ideal starting point for a career as a Central Finance consultant.
NEW QUESTION 33
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 reconciliation using alerts and analytics.
- B. You can eliminate long-running batch jobs for loading the data into Central Finance.
- C. You can manage intercompany reconciliations later in the closing process.
- D. You can assign documents based on predefined and customized rules.
Answer: B,C
NEW QUESTION 34
You plan to use Central Finance system for Collections Management and Intercompany Reconciliation. Which prerequisites must be met? Note: There are 2 correct answers to this question.
- A. Central payments must be activated.
- B. Replication of open items must be used.
- C. Source systems and Central Finance must use business partners.
- D. Payment terms must be replicated.
Answer: B,D
NEW QUESTION 35
You prepare the FI/CO initial load. For which type of accounts must you create a substitution account?
- A. Non-operating expense or income accounts
- B. Asset reconciliation accounts
- C. Open item managed accounts
- D. Tax accounts
Answer: B
NEW QUESTION 36
Which field can be appended to the package key used in the initial load of balances?
- A. Functional Area
- B. Cost Center
- C. Segment
- D. Profit Center
Answer: D
NEW QUESTION 37
Which of the following features are provided by Application Interface Framework (AIF)? Note: There are 3 correct answers to this question.
- A. Messages can be assigned to SAP transaction codes
- B. Data correction is possible for all fields
- C. Field labels can be shown with customized text
- D. Role-based overview for business users
- E. Message severity can be changed
Answer: A,C,D
NEW QUESTION 38
Which mapping type automatically creates the necessary master data in Central Finance?
- A. Complex mapping
- B. Cost object mapping
- C. Key mapping
- D. Value mapping
Answer: B
NEW QUESTION 39
What is the recommended naming convention when you define a logical system name in Central Finance?
- 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
Answer: A
NEW QUESTION 40
SAP recommends running the consistency check report (RFINDEX) with which options selected? Note: There are 3 correct answers to this question.
- A. Documents against ledger
- B. Documents against indexes
- C. Indexes - transaction figures
- D. Indexes against ledger
- E. Documents against transaction figures
Answer: B,C,E
NEW QUESTION 41
Which activities must you complete before you can activate real-time replication? Note: There are 2 correct answers to this question.
- A. Configure the VCFIN_SOURCE_SET view in the corresponding source systems.
- B. Correct all errors associated with the initial load.
- C. Configure the Application Interface Framework.
- D. Delete the extract of the initial load data.
Answer: A,C
NEW QUESTION 42
What are the prerequisites for SAP Landscape Transformation configuration before the initial load? Note: There are 2 correct answers to this question.
- A. Create a technical user.
- B. Set up RFC destinations.
- C. Create database connections.
- D. Assign replication objects to the logical system.
Answer: A,B
NEW QUESTION 43
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. Master data elements
- C. Cost objects
- D. Activity rates
- E. WBS elements
Answer: B,C,E
NEW QUESTION 44
What is the purpose of a change request in SAP Master Data Governance? Note: There are 2 correct answers to this question.
- A. It replicates master data to maintenance systems.
- B. It defines and controls the process flow according to the defined change request type.
- C. It transports changed customizing settings.
- D. It acts as a container for new and changed master data.
Answer: B,D
NEW QUESTION 45
Which of the following statements describes EC-PCA replication with Central Finance? Note: There are 2 correct answers to this question.
- A. EC-PCA documents are replicated to the leading ledger 0L.
- B. EC-PCA document replication does not cover postings done by transaction 1KEL.
- C. Central Finance Mapping logic is applicable to EC-PCA document replication.
- D. Error Resolution for EC-PCA is carried out using Application Interface Framework.
Answer: C,D
NEW QUESTION 46
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 configuration of inbound and outbound ALE
- D. After the mapping and replication of cost centers
Answer: C
NEW QUESTION 47
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. Application Interface Framework (AIF)
- B. SAP Master Data Governance (MDG)
- C. SAP Process Integration (PI) Web service
- D. SAP Landscape Transformation (SLT)
- E. ALE/IDoc outbound and inbound
Answer: A,B,E
NEW QUESTION 48
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.
- A. Document comparison report
- B. Document count report
- C. Journal entry analyzer report
- D. Balance comparison report
- E. Actual P&L report
Answer: A,B,D
NEW QUESTION 49
Where do you perform the variance calculation in a Central Finance scenario?
- A. In the source system after order settlement
- B. In the target system after order settlement
- C. In the target system before order settlement
- D. In the source system before order settlement
Answer: D
NEW QUESTION 50
What is a consideration for handling decimal places in the Central Finance system?
- A. Differences in decimal places for currencies in source and Central Finance systems have no impact on documents posting in the Central Finance system.
- B. If the currency in Central Finance has fewer decimal places than the sender system, rounding is required.
- C. For any currencies with differing numbers of decimal places, enter the number of decimal places as defined in the Central Finance system.
- D. All currencies are assumed to have the same number of decimal places in both the source system and the Central Finance system.
Answer: C
NEW QUESTION 51
SAP Master Data Governance is installed in a Central Finance landscape. What are the main features? Note: There are 3 correct answers to this question.
- A. It only provides consolidation for business partners, customers, and vendors.
- B. It can be deployed in the Central Finance system or as a master data hub.
- C. It provides distribution of key and value mapping from the SAP ERP source system to Central Finance.
- D. It provides central creation, change, and distribution of master data.
- E. It is used to maintain and perform business mapping.
Answer: B,C,D
NEW QUESTION 52
Which of the following functions are valid for initial load extraction of FI/CO postings?
- A. Initial load can be executed only for specific company codes.
- B. Migration clearing accounts are maintained for reconciliation accounts.
- C. The source system controls the period and fiscal year for balance extraction and document extraction.
- D. The target system controls the open items to be extracted from the source system.
Answer: C
NEW QUESTION 53
Which objects are part of Key Mapping? Note: There are 3 correct answers to this question.
- A. Customer
- B. WBS element
- C. Company code
- D. Tax code
- E. Cost center
Answer: A,B,E
NEW QUESTION 54
Which objects are included in SAP Master Data Governance, Consolidation? Note: There are 2 correct answers to this question.
- A. Material
- B. Company code
- C. Plant
- D. Business partner
Answer: A,D
NEW QUESTION 55
Which capability supports the continuous reconciliation between the sender and the Central Finance system? Note: There are 3 correct answers to this question.
- A. Reconcile using the FI Balance Reconciliation report.
- B. Reconcile using the financial statement.
- C. Reconcile using the RACCT_SENDER field in the ACDOCA table.
- D. Reconcile using the Intercompany reconciliation.
- E. Reconcile individually using the line item drill-down.
Answer: A,C,E
NEW QUESTION 56
Which actions can trigger replication from the source system to the Central Finance system? Note: There are 3 correct answers to this question.
- A. Create G/L account
- B. Create down payments
- C. Release project definition
- D. Create settlement rules
- E. Create EC-PCA postings
Answer: B,D,E
NEW QUESTION 57
Which service or application does MDG provide to maintain Key Mapping one by one?
- A. Cost object mapping
- B. SAP GUI transaction
- C. WebDynpro application
- D. Central Finance replication
Answer: C
NEW QUESTION 58
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