Pass C-S4FTR-2021 Exam Latest Practice Questions Updated on Oct 29, 2023
SAP C-S4FTR-2021 Study Guide Archives
NEW QUESTION # 14
You are configuring the correspondence settings for a business partner group.Which settings can you select?Note: There are 2 correct answers to this question.
- A. Contract settlement required
- B. Automatic correspondence
- C. Counter confirmation required
- D. Dual control required
Answer: B,C
Explanation:
Explanation
The correspondence settings that you can select for a business partner group are counter confirmation required and automatic correspondence. A business partner group is a grouping of business partners that have similar characteristics or attributes, such as country, currency, or rating. Correspondence settings are settings that define how communication with business partners is handled in Treasury and Risk Management module. The correspondence settings that you can select for a business partner group are counter confirmation required, which defines whether a counter confirmation document is required for financial transactions with business partners in the group; and automatic correspondence, which defines whether correspondence documents are generated automatically for financial transactions with business partners in the group. References:
https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020_002/en-US/f22248cc13f74872af15bd2e
NEW QUESTION # 15
Which G/L account type must be set when working with the bank reconciliation ledger?
- A. Balance sheet account
- B. Cash account
- C. Bank sub account
- D. Bank reconciliation account
Answer: C
Explanation:
Explanation
The G/L account type that must be set when working with the bank reconciliation ledger is bank sub account.
Bank sub account is a special type of G/L account that is used to record the bank statement items that are not yet reconciled with the accounting documents. It allows you to perform bank reconciliation at a more granular level and track the status of each bank statement item. Verified References: [Bank Reconciliation Ledger Overview], [Bank Reconciliation Ledger Configuration Guide]
NEW QUESTION # 16
When defining a payment method, which of the following can you set?Note: There are 2 correct answers to this question.
- A. Allowed origins of payments
- B. Number of payments
- C. Document type for payment and clearing
- D. Direction of payment method
Answer: C,D
NEW QUESTION # 17
When entering a trade, you can add the differentiation-relevant account assignments.Which of the following are the additional account assignments available for differentiating treasury positions? Note: There are 3 correct answers to this question.
- A. Internal order
- B. WBS element
- C. Business area
- D. Fund
- E. Profit center
Answer: A,B,E
Explanation:
Explanation
The additional account assignments that are available for differentiating treasury positions are profit center, internal order, and WBS element. Treasury positions are financial transactions that are managed by Treasury and Risk Management module. You can use additional account assignments to differentiate treasury positions based on various criteria, such as cost center, profit center, internal order, fund, or WBS element. These account assignments allow you to allocate costs and revenues to different accounting objects and perform segment reporting or profitability analysis.
References:https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020_002/en-US/f22248cc13f748
NEW QUESTION # 18
Your customer requires you to create a two-step approval process. All payment approver groups must receive the workflow approval request at the same time.Which approval sequence will you implement in Bank Account Management?
- A. Hierarchical approval pattern
- B. Automatic approval pattern
- C. Non-sequential approval pattern
- D. Sequential approval pattern
Answer: C
Explanation:
Explanation
The approval sequence that you will implement in Bank Account Management for creating a two-step approval process where all payment approver groups receive the workflow approval request at the same time is non-sequential approval pattern. Bank Account Management is a function that allows you to create and maintain bank accounts and their attributes in SAP S/4HANA. An approval sequence is a setting that defines the order and conditions for approving a bank account change request by using workflows. A non-sequential approval pattern is a type of approval sequence that allows multiple approver groups to approve a change request simultaneously without any dependency.
References:https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020_002/en-US/f22248cc13f748
NEW QUESTION # 19
You are implementing Credit Risk Analyzer.Which of the following describes counterparty risk?Note: There are 2 correct answers to this question.
- A. It relates to a counterparty not fulfilling their contractual agreements.
- B. It exists only during the settlement period of the trades.
- C. It is subdivided into credit risk and settlement risk.
- D. It is reportable in Market Risk Analyzer.
Answer: B,D
NEW QUESTION # 20
Which activity categories can you configure to initiate the deal release workflow for a money market transaction?Note: There are 3 correct answers to this question.
- A. Underlying
- B. Contract
- C. Interest rate adjustment
- D. Fixing
- E. Rollover
Answer: B,C,E
Explanation:
Explanation
The activity categories that can be configured to initiate the deal release workflow for a money market transaction are rollover, interest rate adjustment, and contract. The deal release workflow is a function that allows you to control and approve financial transactions before they are posted to accounting. The activity category defines the business event that triggers the deal release workflow, such as rollover of a term deposit, interest rate adjustment of a variable rate loan, or creation of a new money market transaction.
References:https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020.002/en-US/3a3a8f6f7a6e4c2
NEW QUESTION # 21
You are configuring Market Risk Analyzer.What do derivation strategies derive?
- A. The product types to be used for financial object integration
- B. The analysis structure characteristic values based on the trade
- C. The market data to be used when executing a Monte Carlo simulation
- D. The key figures to be stored in the results database
Answer: B
Explanation:
Explanation
Derivation strategies derive the analysis structure characteristic values based on the trade data. The analysis structure defines the characteristics and key figures that are used for market risk analysis. The derivation strategies determine how the characteristic values are derived from the trade data or other sources. References:
https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020.002/en-US/3a3a8f6f7a6e4c2b8d5b8f1e2
NEW QUESTION # 22
Which of the following acts as the account dimension in your liquidity planning model?
- A. Company code
- B. Time
- C. Liquidity item
- D. Bank account
Answer: C
Explanation:
Explanation
The account dimension in your liquidity planning model is liquidity item. A liquidity planning model is a function that allows you to create and maintain liquidity plans based on various data sources, such as Financial Accounting, Management Accounting, or Treasury. A liquidity item is a parameter that represents an account dimension in the liquidity planning model. A liquidity item defines how cash flows are classified and aggregated in the liquidity plan according to various criteria, such as cash flow type, currency, or bank account. References:
https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020_002/en-US/3a3a8f6f7a6e4c2b8d5b8f1e2
NEW QUESTION # 23
Which item is part of the standing instructions for the counterparty role for a business partner?
- A. Trading partner
- B. Business partner relationships
- C. Business partner type
- D. Partner bank
Answer: C
NEW QUESTION # 24
Which of the following acts as the account dimension in your liquidity planning model?
- A. Company code
- B. Time
- C. Liquidity item
- D. Bank account
Answer: C
NEW QUESTION # 25
Which source applications use origin X when defining queries and query sequences?Note: There are 2 correct answers to this question.
- A. Treasury and Risk Management (TRM)
- B. Accounts Receivable (FI-AR)
- C. Contracts Accounts (FI-CA)
- D. General Ledger Accounting (FI-GL)
Answer: A,C
NEW QUESTION # 26
Which item is part of the standing instructions for the counterparty role for a business partner?
- A. Trading partner
- B. Business partner relationships
- C. Business partner type
- D. Partner bank
Answer: D
Explanation:
Explanation
The standing instructions for the counterparty role for a business partner include the partner bank item. The partner bank is the bank account of the counterparty that is used for settlement of financial transactions. The standing instructions define the default values and rules for processing financial transactions with a counterparty. References:
https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020.002/en-US/3a3a8f6f7a6e4c2b8d5b8f1e2
NEW QUESTION # 27
Your company is performing FX balance sheet hedging.What data is captured with the Take Snapshot Balance Sheet FX Risk SAP Fiori app?Note: There are 2 correct answers to this question.
- A. Hedge quotas
- B. Balance sheet exposures
- C. Market data
- D. FX hedges
Answer: B,C
Explanation:
Explanation
The Take Snapshot Balance Sheet FX Risk SAP Fiori app is used to capture the data for FX balance sheet hedging. The data that is captured with this app includes balance sheet exposures and market data. The balance sheet exposures are the open items that are exposed to foreign currency risk. The market data are the exchange rates that are used to value the exposures and calculate the FX gains or losses.
References:https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020.002/en-US/3a3a8f6f7a6e4c2
NEW QUESTION # 28
Your current payment outflows meet all netting requirements.Which Transaction Manager flows can you link through netting?Note: There are 3 correct answers to this question.
- A. Two or more money market transaction flows
- B. Three derivative flows and one security flow
- C. Two foreign exchange flows and one money market flow
- D. One money market flow and a bank-to-bank repetitive payment
- E. Two freeform payment requests and one money market flow
Answer: A,C,E
Explanation:
Explanation
The Transaction Manager flows that you can link through netting are two foreign exchange flows and one money market flow, two freeform payment requests and one money market flow, and two or more money market transaction flows. Netting is a function that allows you to offset or combine multiple payment flows between business partners or internal units to reduce the number of payments and optimize cash management.
The Transaction Manager flows that you can link through netting are two foreign exchange flows and one money market flow, which represent a swap transaction; two freeform payment requests and one money market flow, which represent a loan transaction; and two or more money market transaction flows, which represent deposits or loans between different business partners or internal units.
References:https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020_002/en-US/3a3a8f6f7a6e4c2
NEW QUESTION # 29
Which product types are part of the Money Market submodule?Note: There are 3 correct answers to this question.
- A. Letters of credit
- B. Subscription rights
- C. Cash flow transaction
- D. Commercial paper
- E. Current account-style instrument
Answer: C,D,E
Explanation:
Explanation
The product types that are part of the Money Market submodule are commercial paper, current account-style instrument, and cash flow transaction. Money Market is a submodule of Transaction Manager that allows you to manage short-term financial transactions and positions with various instruments, such as deposits, loans, or commercial papers. The product types that are part of the Money Market submodule are commercial paper, which is a short-term debt instrument issued by corporations or banks; current account-style instrument, which is a deposit or loan instrument with variable interest rates and flexible repayment terms; and cash flow transaction, which is a generic instrument that allows you to enter any cash flow data without reference to an underlying transaction.
References:https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020_002/en-US/3a3a8f6f7a6e4c2
NEW QUESTION # 30
You are configuring the planned record update strategy for variable interest rate security instruments. This strategy determines the value to be used for displaying the variable interest rate flows that have not yet been adjusted in the cash flow.Which of the following strategies are available?Note: There are 2 correct answers to this question.
- A. Update with benchmark interest rate
- B. Zero update, assign 0
- C. Update with current interest rate
- D. Update with configured interest rate
Answer: B,D
Explanation:
Explanation
The planned record update strategies that are available for variable interest rate security instruments are update with configured interest rate and zero update, assign 0. A planned record update strategy is a setting that determines the value to be used for displaying the variable interest rate flows that have not yet been adjusted in the cash flow. A variable interest rate security instrument is a type of security instrument that has an interest rate that changes periodically based on an underlying reference rate, such as LIBOR or SOFR. The planned record update strategies that are available for variable interest rate security instruments are update with configured interest rate, which uses a predefined interest rate for displaying variable interest rate flows; and zero update, assign 0, which assigns zero value for displaying variable interest rate flows.
References:https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020_002/en-US/f22248cc13f748
NEW QUESTION # 31
You are preparing scenarios in Market Risk Analyzer for testing purposes.Which market data can you use to create scenarios?Note: There are 2 correct answers to this question.
- A. Yield curves
- B. Correlations
- C. Security prices
- D. Default rates
Answer: A,C
NEW QUESTION # 32
You work with preconverted currency data for liquidity planning in SAP Analytics Cloud.To which category can this data be applied?
- A. Actuals
- B. Budget
- C. Forecast
- D. Planning
Answer: D
Explanation:
Explanation
Pre converted currency data for liquidity planning in SAP Analytics Cloud can be applied to the planning category. The planning category contains data that is entered or calculated by the user for liquidity planning purposes. The pre converted currency data is used to display the planning data in a common currency for comparison and analysis.
References:https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020.002/en-US/3a3a8f6f7a6e4c2
NEW QUESTION # 33
Regardless of configuration, by which criterion are payment requests always grouped in the collector of SAP Bank Communication Management?
- A. Payment currency
- B. Payment approver
- C. House bank
- D. Payment medium format
Answer: A
Explanation:
Explanation
Payment requests are always grouped by payment currency in the collector of SAP Bank Communication Management, regardless of configuration. The payment currency is the currency in which the payment is made to the payee. The collector groups payment requests by payment currency to facilitate the creation of payment batches and payment media.
References:https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020.002/en-US/3a3a8f6f7a6e4c2
NEW QUESTION # 34
For self-initiated payments (SIP) in combination with the bank reconciliation ledger, which configuration tasks are used to determine the G/L clearing account?Note: There are 2 correct answers to this question.
- A. Set up bank determination for payment transactions
- B. Assign account symbol to payment method
- C. Prepare automatic postings for the payment program
- D. Make global settings for electronic bank statements
Answer: A,B
Explanation:
Explanation
The configuration tasks that are used to determine the G/L clearing account for self-initiated payments (SIP) in combination with the bank reconciliation ledger are assign account symbol to payment method and set up bank determination for payment transactions. Self-initiated payments (SIP) are payments that are initiated by users directly in Bank Account Management without reference to an underlying transaction. The bank reconciliation ledger is a function that allows you to reconcile bank statements with accounting documents in SAP S/4HANA by using a subledger approach. The configuration tasks that are used to determine the G/L clearing account for self-initiated payments (SIP) in combination with the bank reconciliation ledger are assign account symbol to payment method, which allows you to link a payment method with an account symbol that represents a G/L account; and set up bank determination for payment transactions, which allows you to define the ranking order and selection criteria for bank accounts and G/L accounts for payment transactions.
References:https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020_002/en-US/f22248cc13f748
NEW QUESTION # 35
In which SAP Fiori app can you maintain the minimum transfer amount for the cash pools?
- A. Manage Cash Pools
- B. Cash Pool Transfer Report
- C. Manage Bank Accounts
- D. Manage Cash Concentration
Answer: D
NEW QUESTION # 36
Which product types are part of the Money Market submodule?Note: There are 3 correct answers to this question.
- A. Letters of credit
- B. Subscription rights
- C. Cash flow transaction
- D. Commercial paper
- E. Current account-style instrument
Answer: C,D,E
NEW QUESTION # 37
Where are the monitoring rules for the intraday bank statements assigned?Note: There are 2 correct answers to this question.
- A. Define Monitoring Rules - Intraday Statements app
- B. Manage Banks app
- C. Manage Bank Accounts app
- D. Configuration of Bank Statements
Answer: A,C
Explanation:
Explanation
The monitoring rules for the intraday bank statements are assigned in two SAP Fiori apps: Manage Bank Accounts app and Define Monitoring Rules - Intraday Statements app. The Manage Bank Accounts app is used to assign the monitoring rule to a bank account. The Define Monitoring Rules - Intraday Statements app is used to define the conditions and actions for the monitoring rule. References:
https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020.002/en-US/3a3a8f6f7a6e4c2b8d5b8f1e2
NEW QUESTION # 38
Which types of payments can be processed with the Automatic Payment Transactions for Payment Requests app?Note: There are 2 correct answers to this question.
- A. Payroll payments
- B. In-house cash payments
- C. Mobile payments
- D. Freeform payments
Answer: B,D
Explanation:
Explanation
The types of payments that can be processed with the Automatic Payment Transactions for Payment Requests app are in-house cash payments and freeform payments. The Automatic Payment Transactions for Payment Requests app is a SAP Fiori app that allows you to process payment requests from various sources, such as Treasury, Travel Management, or third-party systems. In-house cash payments are payment requests that are processed by using SAP In-House Cash as an internal payment provider. Freeform payments are payment requests that do not have any reference documents or invoices in SAP S/4HANA. References:
https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020_002/en-US/f22248cc13f74872af15bd2e
NEW QUESTION # 39
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C-S4FTR-2021 Questions Prepare with Learning Information: https://www.testsimulate.com/C-S4FTR-2021-study-materials.html