SAP C_S4FCF_2023 Exam Practice Test Instant Access

Question 1

Which transactional data is posted to the defined substitution accounts during the FI/CO initial load?

Note: There are 2 correct answers to this question.

AOffsetting entries of open items

BOffsetting entries of balances

COpen item entries

DBalance entries related to reconciliation accounts

Answer : B, C

Detailed Explanation: During the FI/CO initial load, offsetting entries of balances and open item entries are posted to the substitution accounts. This process ensures that all open and balance-related items are properly reflected in the Central Finance system.

Question 2

When do you activate the replication of WBS elements for Central Finance?

AAfter the mapping replication of cost centers

BAfter replication is activated in SAP System Landscape Transformation (SLT)

CAfter the initial load of FI documents

DAfter the configuration of inbound outbound ALE

Answer : D

Detailed Explanation: The replication of WBS elements in Central Finance is activated after the configuration of inbound and outbound ALE to ensure that all necessary communication interfaces are in place.

Question 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.

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

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

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

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

EIf SAP Master Data Governance is a standalone system, the source ERP system must query master data key mapping from the Central Finance system.

Answer : B, C, D

Detailed Explanation: When deploying SAP Master Data Governance (MDG) in a Central Finance landscape, key considerations include that master data is distributed to source and target systems, MDG functions as a complete master data hub with governance and consolidation processes, and it is not mandatory for every Central Finance implementation.

Question 4

SAP recommends running the consistency check report (RFINDEX) with which options selected?

Note: There are 3 correct answers to this question.

ADocuments against indexes

BIndexes - transaction figures

CDocuments against ledger

DDocuments against transaction figures

EIndexes against ledger

Answer : A, B, D

Detailed Explanation: SAP recommends running the RFINDEX report with the following options selected: Documents against indexes, Indexes - transaction figures, and Documents against transaction figures. This ensures data consistency between the source and target systems during the initial load process.

Question 5

You are performing a CO initial load. For which objects can you use simu-lation functionality?

Note: There are 2 correct answers to this question.

ACO documents

BWBS elements

CCost centers

DCost objects

Answer : A, D

Detailed Explanation: When performing a CO initial load, simulation functionality can be used for CO documents and Cost objects. This allows for a preview of how these objects will be replicated in the Central Finance system before the actual data load.

Question 6

What can you define in the Choose Logical System configuration step of the initial load settings?

AStart year balances

BCompany code

CPackage size

DSubstitution accounts

Answer : C

Detailed Explanation: In the Choose Logical System configuration step of the initial load, you can define the package size to control the amount of data processed in each batch during the initial load. This helps manage system performance and data flow.

Question 7

Which of the following processes are applicable during activity rate replication?

Note: There are 2 correct answers to this question.

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

BActivity rate replication occurs through cost object mapping framework interface.

CConfiguration of a transfer rule is not needed for replication.

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

Answer : A, D

Detailed Explanation: Activity rate replication is an important process in Central Finance, ensuring that the rates are correctly reflected in the target system. Activity rate replication can be run from the source system to Central Finance (CFIN), ensuring that all source system activity rates are captured. Additionally, it can also be run from CFIN back to the source system, maintaining synchronization across systems.

SAP C_S4FCF_2023 SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Central Finance Exam Practice Test