SAP C_S4CFI_2402 SAP Certified Associate - Implementation Consultant - SAP S/4HANA Cloud Public Edition - Financial Accounting Exam Practice Test

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

In SAP S/4HANA Cloud Public Edition, the use of a business partner in accounts payable is controlled by the 'Business Partner Role'. This role defines the functions and responsibilities a business partner can have within the system, such as vendor or customer roles. In accounts payable, assigning a vendor role to a business partner enables the system to recognize and process transactions related to that partner in the context of accounts payable activities.

References:

SAP S/4HANA Cloud Business Partner Configuration documentation

Best practices for managing business partners in SAP

Answer : A, B, E

In the dunning proposal list within SAP S/4HANA Cloud Public Edition, the following editing options are available: A. Edit Dunning Blocks at Account Level: This allows for the temporary or permanent blocking of dunning notices for specific accounts. B. Edit Dunning Blocks at Line Item Level: This enables the blocking or unblocking of dunning for individual line items, providing granular control over the dunning process. E. Change the Dunning Level of an Open Item: This allows for adjusting the dunning level of specific open items, which can affect the urgency and content of dunning letters sent to customers.

References:

SAP S/4HANA Cloud documentation on accounts receivable management

Best practices for managing the dunning process in SAP

Answer : A, C

To integrate SAP S/4HANA Cloud Public Edition with another SAP public cloud solution, you should use: A. Predelivered APIs: These are standard APIs provided by SAP that facilitate secure and efficient data exchange between systems. C. SAP Integration Suite: A comprehensive integration service on the SAP Business Technology Platform that offers tools for connecting cloud and on-premise applications within SAP's ecosystem and with third-party systems.

References:

SAP API Business Hub for predelivered APIs

SAP Integration Suite documentation

Answer : B, C

For developing custom applications integrated with SAP S/4HANA Cloud Public Edition: B. SAP Build: A low-code development tool that enables users to quickly build and deploy business applications without needing extensive programming knowledge. C. SAP Business Application Studio: A development environment that offers advanced tools for professional developers to build, test, and deploy applications, including integration with SAP S/4HANA Cloud.

References:

SAP Build platform information

SAP Business Application Studio documentation