SAP C_S4FCF_2021 Exam Practice Test Instant Access

Question 1

What are the implications when you activate Central Payment functionality? Note: There are 2 correct answers to this question.

ACredit limits must be maintained at the business partner level in the source system.

BThe central system becomes the book of record.

CInvoices posted in the source system are technically cleared.

DCentral Payment is not possible for third-party systems.

Answer : C, D

Question 2

SAP Master Data Governance is installed in a Central Finance landscape. What are the main features? Note: There are 3 correct answers to this question.

AIt is used to maintain and perform business mapping.

BIt only provides consolidation for business partners, customers, and vendors.

CIt provides distribution of key and value mapping from the SAP ERP source system to Central Finance.

DIt provides central creation, change, and distribution of master data.

EIt can be deployed in the Central Finance system or as a master data hub.

Answer : C, D, E

Question 3

Which entities are contained in an initial load group? Note: There are 2 correct answers to this question.

AProfit center

BControlling area

CLogical system

DCompany codes

Answer : C, D

Question 4

Your customer has completed the initial load of FI/CO postings in a test landscape. Before starting the next test cycle, what must you do to reset the initial load? Note: There are 3 correct answers to this question.

ADelete or cancel all AIF messages with status errors.

BRun the RCFIN_DEL_MIG report in the source system.

CStop the data extraction in the target system.

DRun the RFINS_CFIN_CLEAR_INIT_LOAD report in the target system.

EDelete all entries in the CFIN_SOURCE_SET table in the source system.

Answer : A, B, D

Question 5

Which source systems require dedicated staging tables on SLT? Note: There are 3 correct answers to this question.

ASAP Business One

BSAP ECC 6.0 on SAP HANA

CNon-SAP ERP system

DSAP ECC 4.6

ESAP Business by Design

Answer : A, C, E

Question 6

SAP recommends running the consistency check report (RFINDEX) with which options selected? Note: There are 3 correct answers to this question.

AIndexes against ledger

BDocuments against ledger

CDocuments against transaction figures

DDocuments against indexes

EIndexes -- transaction figures

Answer : C, D, E

Question 7

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.

APayment terms must be replicated.

BReplication of open items must be used.

CCentral payments must be activated.

DSource systems and Central Finance must use business partners.

Answer : B, C

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