Free Access To SAP C_S4FCF_2021 Questions and Answers

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1. Which service or application does MDG provide to maintain Key Mapping one by one?

Cost object mapping

Central Finance replication

WebDynpro application

SAP GUI transaction

2. What are the advantages of SLT deployment on a separate instance? Note: There are 3 correct answers to this question.

Other integration scenarios besides Central Finance are possible.

No RFC connection is required to source and Central Finance systems.

There is no impact from update of source and Central Finance systems.

Other systems can be connected without impact on source and Central Finance systems.

SLT has direct access to source and Central Finance systems.

3. A customer is planning to deploy SAP Master Data Governance for a Central Finance landscape.

What are the main considerations? Note: There are 3 correct answers to this question.

Master data is distributed via SAP Master Data Governance to source and target systems.

SAP Master Data Governance is not mandatory for the Central Finance landscape.

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.

The Central Finance system must query key and value mapping information from the SAP Master Data Governance system.

SAP Master Data Governance as a master data hub has complete processes (governance and consolidation).

4. You are explaining the architectural concept of Central Finance to a customer.

Which SLT objects are used during replication from both ABAP and non-ABAP systems? Note: There are 2 correct answers to this question.

Logging table

Mapping and Transformation engine

Reading engine

Database trigger

5. What do you assign to the logical system as part of the technical configuration of Central Finance?

RFC destination

System name

Client ID

Company code

6. Which data is included in SAP Master Data Governance? Note: There are 2 correct answers to this question.

Material data: general data and units of measure

Bank data: banks, house banks, and bank accounts

Financials data: general ledger accounts, profit centers, and cost centers

Logistics data: sales orders, plants, and organization units such as sales and purchase organization

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

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

The central system becomes the book of record.

Invoices posted in the source system are technically cleared.

Central Payment is not possible for third-party systems.

8. 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.

Payment terms must be replicated.

Replication of open items must be used.

Central payments must be activated.

Source systems and Central Finance must use business partners.

9. Which of the following functions are valid for initial load extraction of FI/CO postings?

Initial load can be executed only for specific company codes.

Migration clearing accounts are maintained for reconciliation accounts.

The target system controls the open items to be extracted from the source system.

The source system controls the period and fiscal year for balance extraction and document extraction.

10. Which field can be appended to the package key used in the initial load of balances?

Segment

Cost Center

Functional Area

Profit Center

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11. How can you map internal orders from a source system to a Central Finance system? Note: There are 2 correct answers to this question.

Many-to-one relationship

Many-to-many relationship

One-to-many relationship

One-to-one relationship

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

Cost object mapping

Value mapping

Complex mapping

Key mapping

13. You prepare the FI/CO initial load. For which type of accounts must you create a substitution account?

Non-operating expense or income accounts

Asset reconciliation accounts

Open item managed accounts

Tax accounts

14. What actions can you run in the Application Interface Framework (AIF) of the Central Finance system to support business users? Note: There are 2 correct answers to this question.

Activate multiple error tracking

Link SAP transactions to a message

Activate emergency error correction in the source system

Change error message text

15. Which reports can you use to compare details from the source system with the Central Finance system? Note: There are 3 correct answers to this question.

Journal entry analyzer report

Balance comparison report

Document count report

Actual P&L report

Document comparison report

16. Which of the following processes are applicable during activity rate replication? Note: There are 2 correct answers to this question.

Activity rate replication occurs through cost object mapping framework interface.

Activity rate replication can be run from the source system to CFI

Activity rate replication can be run from CFIN to the source system.

Configuration of a transfer rule is not needed for replication.

17. What are some of the advantages of using intercompany reconciliations in Central Finance? Note: There are 2 correct answers to this question.

You can manage intercompany reconciliations later in the closing process.

You can assign documents based on predefined and customized rules.

You can manage intercompany reconciliation using alerts and analytics.

You can eliminate long-running batch jobs for loading the data into Central Finance.

18. 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.

It is used to maintain and perform business mapping.

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

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

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

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

19. Which transactions can you use to drill back to the source document? Note: There are 2 correct answers to this question.

CO document display (KSB5)

SLT monitor (LTRC)

Change document display (FSCD)

FI document display (FB03)

20. Which activities must you perform in the source system? Note: There are 3 correct answers to this question.

Maintain the initial load scope.

Assign authorizations for an RFC user.

Configure decimal places for currencies.

Carry forward balances.

Activate central finance business function.