[Feb 14, 2024] Latest SAP Certified Application Associate C_S4FCF_2021 Actual Free Exam Questions
SAP Certified Application Associate C_S4FCF_2021 Dumps Updated Practice Test and 82 unique questions
To be eligible for the SAP C_S4FCF_2021 exam, candidates must have a minimum of one year of experience in SAP central finance implementation. Additionally, they should have a good understanding of SAP S/4HANA and its integration with other systems. The candidate should also have a basic understanding of accounting principles and financial processes.
NEW QUESTION # 12
What are the advantages of SLT deployment on a separate instance? Note: There are 3 correct answers to this question.
- A. No RFC connection is required to source and Central Finance systems.
- B. SLT has direct access to source and Central Finance systems.
- C. There is no impact from update of source and Central Finance systems.
- D. Other integration scenarios besides Central Finance are possible.
- E. Other systems can be connected without impact on source and Central Finance systems.
Answer: C,D,E
NEW QUESTION # 13
Which of the following statements describes EC-PCA replication with Central Finance? Note: There are 2 correct answers to this question.
- A. Error Resolution for EC-PCA is carried out using Application Interface Framework.
- B. EC-PCA documents are replicated to the leading ledger 0L.
- C. Central Finance Mapping logic is applicable to EC-PCA document replication.
- D. EC-PCA document replication does not cover postings done by transaction 1KEL.
Answer: A,C
NEW QUESTION # 14
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 individually using the line item drill-down.
- C. Reconcile using the Intercompany reconciliation.
- D. Reconcile using the financial statement.
- E. Reconcile using the RACCT_SENDER field in the ACDOCA table.
Answer: A,B,E
NEW QUESTION # 15
Which entities are contained in an initial load group? Note: There are 2 correct answers to this question.
- A. Company codes
- B. Controlling area
- C. Logical system
- D. Profit center
Answer: A,C
NEW QUESTION # 16
What are the additional replication capabilities of SLT for Central Finance? Note: There are 2 correct answers to this question.
- A. Ad-hoc data replication
- B. Scheduled data replication
- C. Delta capturing
- D. Parallel data replication
Answer: B,C
NEW QUESTION # 17
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. General ledger accounts
- C. Fixed asset master
- D. Profit center hierarchies
Answer: A,D
NEW QUESTION # 18
Which mapping type automatically creates the necessary master data in Central Finance?
- A. Key mapping
- B. Value mapping
- C. Cost object mapping
- D. Complex mapping
Answer: C
NEW QUESTION # 19
Which data must you extract from a non-SAP source system to integrate with Central Finance? Note: There are 3 correct answers to this question.
- A. Document headers
- B. Debitor and creditor items
- C. Order items
- D. Product tax items
- E. Master data items
Answer: A,B,D
NEW QUESTION # 20
A customer is planning to deploy SAP Master Data Governance for a Central Finance landscape. What are the main considerations? Note: There are 3 correct answers to this question.
- A. If SAP Master Data Governance is a standalone system, the source ERP system must query master data and Key Mapping from the Central Finance system.
- B. The Central Finance system must query key and value mapping information from the SAP Master Data Governance system.
- C. SAP Master Data Governance as a master data hub has complete processes (governance and consolidation).
- D. Master data is distributed via SAP Master Data Governance to source and target systems.
- E. SAP Master Data Governance is not mandatory for the Central Finance landscape.
Answer: C,D,E
NEW QUESTION # 21
Which capabilities can support the processing of partially paid receivables in Central Finance? Note: There are
2 correct answers to this question.
- A. Dispute case for the clarification of payment differences
- B. Alerts of intercompany reconciliation for automatic clearing of remaining receivables
- C. Request-based down payment in the amount of the difference
- D. Promise to pay agreements created from a collection worklist
Answer: C,D
NEW QUESTION # 22
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 assign documents based on predefined and customized rules.
- B. You can manage intercompany reconciliations later in the closing process.
- C. You can eliminate long-running batch jobs for loading the data into Central Finance.
- D. You can manage intercompany reconciliation using alerts and analytics.
Answer: B,C
NEW QUESTION # 23
What are the prerequisites for SAP Landscape Transformation configuration before the initial load? Note:
There are 2 correct answers to this question.
- A. Set up RFC destinations.
- B. Assign replication objects to the logical system.
- C. Create a technical user.
- D. Create database connections.
Answer: A,C
NEW QUESTION # 24
With central budgeting for internal orders, where is the availability check executed?
- A. In the System Landscape Transformation (SLT)
- B. In the target system only
- C. In both the target and the source system
- D. In the source system only
Answer: B
NEW QUESTION # 25
Which of the following are benefits of Dispute Management with Central Finance? Note: There are 2 correct answers to this question.
- A. It calculates credit limits.
- B. It enables cross-department dispute resolution.
- C. It organizes all information and documents related to a dispute case page.
- D. It assigns risk categories
Answer: B,C
NEW QUESTION # 26
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 # 27
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. Cost objects
- B. Cost centers
- C. WBS elements
- D. CO documents
Answer: A,D
NEW QUESTION # 28
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. EC-PCA documents
- D. FI/CO documents
Answer: D
NEW QUESTION # 29
In which system must you clear replicated FI documents? Note: There are 2 correct answers to this question.
- A. Central Finance system
- B. Application Interface Framework system
- C. SAP Landscape Transformation system
- D. Source system
Answer: A,D
NEW QUESTION # 30
For which initial load object does error handling NOT take place in the SAP Application Interface Framework (AIF)?
- A. FI/CO documents
- B. Cost objects
- C. CO internal documents
- D. EC-PCA documents
Answer: D
NEW QUESTION # 31
Which data is included in SAP Master Data Governance? Note: There are 2 correct answers to this question.
- A. Bank data: banks, house banks, and bank accounts
- B. Financials data: general ledger accounts, profit centers, and cost centers
- C. Logistics data: sales orders, plants, and organization units such as sales and purchase organization
- D. Material data: general data and units of measure
Answer: B,D
NEW QUESTION # 32
Which tool must you use to view FI/CO initial load errors?
- A. Migration cockpit
- B. SAP LT replication server cockpit
- C. Central Finance application log
- D. SAP Application Interface Framework
Answer: D
NEW QUESTION # 33
The MDG mapping repository contains key mapping for master data, and value mapping for customizing. Which service or application does MDG provide to maintain value mapping one by one?
- A. SAP GUI transaction
- B. Cost Object mapping
- C. Central Finance instance
- D. WebDynpro application
Answer: A
NEW QUESTION # 34
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SAP C-S4FCF-2021 certification exam is designed for individuals who are looking to validate their skills and knowledge in SAP Central Finance. SAP Certified Application Associate - Central Finance in SAP S/4HANA (SAP S/4HANA 2021) certification is intended for application associates who have experience in implementing and customizing SAP Central Finance in SAP S/4HANA. C_S4FCF_2021 exam measures the candidate's ability to configure and implement SAP Central Finance, as well as their understanding of the integration of financial and non-financial data from various source systems.
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