SAP C_S4FCF_2021 Exam Practice Test Instant Access

Question 1

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

AMaterial data: general data and units of measure

BBank data: banks, house banks, and bank accounts

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

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

Answer : A, C

Question 2

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 3

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 4

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 5

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 6

You want to maintain the mapping of the cost object internal order. In which system do you maintain the mapping?

ASource system

BSAP Landscape Transformation (SLT)

CCentral Finance system

DSAP Master Data Governance system

Answer : C

Question 7

You want to set up the Central Finance system. Note: There are 3 correct answers to this question.

AAssign the logical system for the central finance system.

BSet up the RFC destination for the source system.

CConfigure ISO codes for currencies.

DAssign the RFC destination in the source system.

EConfigure decimal places for currencies.

Answer : A, B, D

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