[Apr 13, 2023] Get Up-To-Date Real Exam Questions for C-S4FCF-2021 with New Materials
Updated C-S4FCF-2021 Certification Exam Sample Questions
SAP C-S4FCF-2021 Exam Description:
The 'SAP Certified Application Associate - Central Finance in SAP S/4HANA (SAP S/4HANA 2021)' certification exam validates that the candidate possesses the fundamental and core knowledge required of the Central Finance profile. This certification proves that the candidate has an overall understanding and in‐depth technical skills to participate as a member of a project team in a mentored role. This certification exam is recommended as an entry level qualification. It is recommended as verification the consultant is ready to contribute significantly to Central Finance implementation projects. It puts the consultant in a position to be onboarded to an implementation project quickly and to contribute to the project's success right away. The certificate issued for passing this exam will be valid for 5 years. This certificate is the ideal starting point for a career as a Central Finance consultant.
NEW QUESTION 22
Which of the following are domains in SAP Master Data Governance? Note: There are 3 correct answers to this question.
- A. Business Partner, Supplier, and Customer
- B. Manufacturing
- C. Logistics
- D. Finance
- E. Material
Answer: A,D,E
NEW QUESTION 23
Which service or application does MDG provide to maintain Key Mapping one by one?
- A. WebDynpro application
- B. Central Finance replication
- C. Cost object mapping
- D. SAP GUI transaction
Answer: A
NEW QUESTION 24
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.
- A. Document comparison report
- B. Actual P&L report
- C. Journal entry analyzer report
- D. Document count report
- E. Balance comparison report
Answer: A,D,E
NEW QUESTION 25
Which tool must you use to view FI/CO initial load errors?
- A. SAP Application Interface Framework
- B. Central Finance application log
- C. Migration cockpit
- D. SAP LT replication server cockpit
Answer: A
NEW QUESTION 26
Which activities must you complete before you can activate real-time replication? Note: There are 2 correct answers to this question.
- A. Configure the Application Interface Framework.
- B. Delete the extract of the initial load data.
- C. Configure the VCFIN_SOURCE_SET view in the corresponding source systems.
- D. Correct all errors associated with the initial load.
Answer: A,C
NEW QUESTION 27
Which of the following Central Finance interfaces are available for data replication from an SAP source system? Note: There are 3 correct answers to this question.
- A. Material cost estimates
- B. Master data elements
- C. WBS elements
- D. Activity rates
- E. Cost objects
Answer: A,C,E
NEW QUESTION 28
What type of checks does the MDG Mapping Tool perform when uploading mapping entries? Note: There are
2 correct answers to this question.
- A. Validation of mapping action
- B. Availability of duplicates
- C. Mapping completeness
- D. Existence of 1:n mappings
Answer: C,D
NEW QUESTION 29
What are some of the advantages of using intercompany reconciliations in Central Finance? Note: There are 2 correct answers to this question.
- A. You can manage intercompany reconciliation using alerts and analytics.
- B. You can eliminate long-running batch jobs for loading the data into Central Finance.
- C. You can assign documents based on predefined and customized rules.
- D. You can manage intercompany reconciliations later in the closing process.
Answer: B,D
NEW QUESTION 30
What are the implications when you activate Central Payment functionality? Note: There are 2 correct answers to this question.
- A. The central system becomes the book of record.
- B. Credit limits must be maintained at the business partner level in the source system.
- C. Central Payment is not possible for third-party systems.
- D. Invoices posted in the source system are technically cleared.
Answer: C,D
NEW QUESTION 31
Which mapping type automatically creates the necessary master data in Central Finance?
- A. Cost object mapping
- B. Key mapping
- C. Value mapping
- D. Complex mapping
Answer: A
NEW QUESTION 32
You prepare the FI/CO initial load. For which type of accounts must you create a substitution account?
- A. Open item managed accounts
- B. Asset reconciliation accounts
- C. Non-operating expense or income accounts
- D. Tax accounts
Answer: A
NEW QUESTION 33
Which objects are part of Key Mapping? Note: There are 3 correct answers to this question.
- A. Customer
- B. WBS element
- C. Tax code
- D. Company code
- E. Cost center
Answer: A,B,E
NEW QUESTION 34
Which of the following are architecture components of the Project Replication scenario for Central Finance?
Note: There are 3 correct answers to this question.
- A. SAP Process Integration (PI) Web service
- B. SAP Master Data Governance (MDG)
- C. ALE/IDoc outbound and inbound
- D. SAP Landscape Transformation (SLT)
- E. Application Interface Framework (AIF)
Answer: B,C,E
NEW QUESTION 35
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.
- A. Source systems and Central Finance must use business partners.
- B. Replication of open items must be used.
- C. Central payments must be activated.
- D. Payment terms must be replicated.
Answer: B,C
NEW QUESTION 36
What is a consideration for handling decimal places in the Central Finance system?
- A. For any currencies with differing numbers of decimal places, enter the number of decimal places as defined in the Central Finance system.
- B. If the currency in Central Finance has fewer decimal places than the sender system, rounding is required.
- C. Differences in decimal places for currencies in source and Central Finance systems have no impact on documents posting in the Central Finance system.
- D. All currencies are assumed to have the same number of decimal places in both the source system and the Central Finance system.
Answer: A
NEW QUESTION 37
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