SAP Certified Associate - SAP S/4HANA Cloud Private Edition - Central Finance (C_S4FCF_2023) Free Practice Test

Question 1

You want to set up the Central Finance system.What technical configuration activities do you need to perform? Note: There are 3 correct answe rs to this questio n.

A. Set up the RFC destination for the source system.

B. Configure decimal places for currencies.

C. Configure ISO codes for currencies.

D. Assign the RFC destination in the source system.

E. Assign the logical system for the central finance system.

Correct Answer: A,B,E

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Question 2

What is one consideration for handling decimal places in the Central Finance system?

A. For any currencies with differing numbers of decimal places, enter the number of decimal places as defined in the Central Finance system.

B. If the currency in Central Finance has fewer decimal places than the sender system, rounding is required.

C. Differences in decimal places for currencies in source and Central Finance systems have no impact on documents posting 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.

Correct Answer: A

Question 3

Which of the following actions are performed by the Level 3 - Fl Documents Comparison Report? Note: There are 2 correct answe rs to this questio n.

A. It finds the corresponding entries in the ACDOCA table of the Central Finance system.

B. It calculates the total number of financial accounting documents posted in the source system.

C. It reads the FI documents in the source system and finds all line items.

D. It combines the total number of journal entries with errors.

Correct Answer: A,C

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Question 4

What are the options for mapping cost objects to internal orders with the cost object mapping framework? Note: There are 2 correct answe rs to this questio n.

A. Service order

B. Product cost collector

C. QM order

D. Cost center

Correct Answer: A,C

Question 5

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. You need to map internal orders to dummy WBS elements in Central Finance. Which kind of mapping do you use?

A. Complex mapping via BAdI

B. Master Data Governance (MDG) value mapping

C. Cost object mapping framework

D. Master Data Governance (MDG) key mapping

Correct Answer: C

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Question 6

Which of the following activities are required to start the initial load of Fl/CO postings for the selected company codes from the SAP ECC source system? Note: There are 2 correct answe rs to this questio n.

A. Configure the VCFIN_SOURCE_SET table in the target system.

B. Perform month-end closing in the source system.

C. Define the initial load group.

D. You prepare the FI/CO initial load.

E. Configure the Substitution and Migration Clearing accounts.

Correct Answer: C,E

Question 7

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 answe rs to this questio n.

A. Web Dynpro

B. Credit Manager Portal

C. Process integration (PI)

D. Web services

Correct Answer: C,D

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Question 8

What is the recommended deployment option for SAP System Landscape Transformation (SLT)?

A. One separate instance

B. On the Central Finance system

C. On SAP Business Technology Platform (BTP)

D. On the source system

Correct Answer: A

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Question 9

Which capability supports continuous reconciliation between the sender and the Central Finance system? Note: There are 3 correct answe rs to this questio n.

A. Reconcile using the Fl Balance Reconciliation report

B. Reconcile using the financial statement

C. Reconcile using the RACCT_SENDER field in the ACDOCA table

D. Reconcile using SAP Advanced Financial Closing

E. Reconcile using the Intercompany reconciliation

Correct Answer: A,C,D

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SAP Certified Associate - SAP S/4HANA Cloud Private Edition - Central Finance (C_S4FCF_2023) Free Practice Test