SAP Certified Application Associate - Central Finance in SAP S/4HANA (SAP S/4HANA 2021)

Question 1

You need to set up a central Credit Management landscape in Central Finance. Which distribution settings does SAP recommend to determine the credit limit? Note: There are 2 correct answers to this question.

A. Credit Manager Portal

B. Web services

C. WebDynpro

D. Process Integration (PI)

Correct Answer: B,D

Question 2

You have a business requirement to change a specific document type in the target system. Which mapping action would you use?

A. Keep data

B. Map if possible

C. Clear data

D. Mapping authorized

Correct Answer: B

Question 3

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.

Correct Answer: B,C

Question 4

Which capabilities can support the processing of partially paid receivables in Central Finance? Note: There are 2 correct answers to this question.

A. Request-based down payment in the amount of the difference

B. Promise to pay agreements created from a collection worklist

C. Dispute case for the clarification of payment differences

D. Alerts of intercompany reconciliation for automatic clearing of remaining receivables

Correct Answer: A,B

Question 5

Which mapping type automatically creates the necessary master data in Central Finance?

A. Cost object mapping

B. Key mapping

C. Value mapping

D. Complex mapping

Correct Answer: A

Question 6

Which objects are included in SAP Master Data Governance, Consolidation? Note: There are 2 correct answers to this question.

A. Plant

B. Business partner

C. Company code

D. Material

Correct Answer: B,D

Question 7

What is the recommended naming convention when you define a logical system name in Central Finance?

A. System ID; company code; client number

B. System ID; "CLNT"; company code

C. System ID; "CLNT"; client number

D. "CLNT"; client number; system ID

Correct Answer: C

Question 8

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 financial statement.

B. Reconcile individually using the line item drill-down.

C. Reconcile using the RACCT_SENDER field in the ACDOCA table.

D. Reconcile using the Intercompany reconciliation.

E. Reconcile using the FI Balance Reconciliation report.

Correct Answer: B,C,E

Question 9

In which system must you clear replicated FI documents? Note: There are 2 correct answers to this question.

A. Application Interface Framework system

B. Central Finance system

C. SAP Landscape Transformation system

D. Source system

Correct Answer: B,D

SAP Certified Application Associate - Central Finance in SAP S/4HANA (SAP S/4HANA 2021) - C_S4FCF_2021 Exam Practice Test

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