SAP C_S4CFI_2408 SAP Certified Associate - Implementation Consultant - SAP S/4HANA Cloud Public Edition, Financial Accounting Exam Practice Test

Answer : B, D

Characteristics of public cloud include: B. Lower total cost of ownership: Public cloud services often lead to lower total cost of ownership (TCO) due to shared resources, economies of scale, and the cloud provider managing the infrastructure, which reduces the IT overhead for customers. D. Multitenant server: Public cloud environments typically employ a multitenancy architecture, where a single instance of software and its supporting infrastructure serves multiple customers. Each customer shares the underlying infrastructure, but their data is kept separate.

References:

Public cloud services and deployment models overview

Cloud computing principles and architectures

Answer : C

The data retention period in the SAP S/4HANA Migration Cockpit is typically specified when the project status is 'Finished.' At this point, the migration project has been completed, and specifying the data retention period helps determine how long the migrated data and logs should be retained for auditability, traceability, and compliance purposes. Setting this period ensures that data is managed according to organizational policies and regulatory requirements while optimizing storage and system performance.

References:

SAP S/4HANA Migration Cockpit documentation

SAP data management and migration best practices

Answer : D

In SAP S/4HANA Cloud Public Edition, the relationship between the line items displayed for a journal entry in the entry view and the general ledger view is such that the general ledger view can have as many or more line items than the entry view. The entry view shows the transaction as it was entered, typically displaying the debits and credits to and from subledger accounts like customer or supplier accounts. The general ledger view, on the other hand, aggregates these into postings to the corresponding general ledger accounts and may include additional line items such as tax line items, allocation line items, or other adjustments that are not visible in the entry view.

References:

SAP S/4HANA Cloud General Ledger documentation

Best practices for journal entry and ledger reporting in SAP

Answer : D

To produce additional financial statements according to Local GAAP (Generally Accepted Accounting Principles) requirements in SAP S/4HANA Cloud Public Edition, you would use the 'Ledger Group' dimension in reporting. The ledger group allows for the maintenance of different ledgers that can represent various accounting principles, such as local GAAP, IFRS, or US GAAP. By using different ledger groups, you can segregate transactions and run reports that comply with different accounting standards, thereby facilitating the creation of financial statements according to specific regulatory requirements.

References:

SAP S/4HANA Cloud Financials documentation

SAP Help Portal on financial reporting and ledger management

Answer : B, D

In SAP S/4HANA Cloud Public Edition's Asset Accounting, the relevant postings made periodically, typically at the end of the month, include: B. Depreciation Posting: This is the systematic reduction of the recorded cost of a fixed asset to allocate that cost over the asset's useful life. Depreciation postings are made periodically to reflect the wear and tear or obsolescence of the asset. D. Settlement of the WBS element: Work Breakdown Structure (WBS) elements related to projects may have costs (including asset costs) collected against them. These costs are periodically settled to their final cost objects, such as fixed assets or cost centers, at the end of the month or upon project completion.

References:

SAP S/4HANA Cloud Asset Accounting documentation

Best practices for periodic processing in Asset Accounting

Answer : A, D, E

When executing a depreciation posting run in SAP S/4HANA Cloud Public Edition, several actions can be taken to ensure accuracy and compliance. Firstly, it's possible to run depreciation calculations separately for each accounting ledger, allowing for differentiated depreciation treatments as required by various accounting standards or business needs. Additionally, conducting a depreciation test run for individual assets enables the review and verification of depreciation calculations before the final posting, ensuring correctness. Finally, after the depreciation run is posted, the posted depreciation amounts for each asset can be reviewed on the Financial Accounting (FI) document, providing a detailed record of the depreciation expense recognized in the period.

References:

SAP S/4HANA Cloud Asset Accounting documentation

Guidelines for depreciation posting and review in SAP

Answer : D

A partner line of business configuration expert references the 'SAP Signavio Process Collaboration Hub' when identifying business processes to cover in the Fit-to-Standard workshops. The Process Collaboration Hub offers a comprehensive repository of SAP's best practice business processes and models, enabling experts to map the standard SAP processes to the customer's business requirements. This tool facilitates the identification of gaps and the customization of standard processes to fit the specific needs of the business, serving as a foundational element in the Fit-to-Standard workshop preparation.

References:

SAP Signavio documentation

Best practices for conducting Fit-to-Standard workshops using SAP Signavio