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SAP C-S4FCF-2021 exam is designed to test the knowledge and skills of individuals seeking to become certified as SAP Certified Application Associates. Specifically, C_S4FCF_2021 exam focuses on Central Finance in SAP S/4HANA, which is a critical component of many organizations' financial systems. A successful candidate for C_S4FCF_2021 exam will demonstrate a thorough understanding of the central finance architecture, as well as the various functions and features of SAP S/4HANA that are relevant to central finance. They will also be able to configure and implement central finance in SAP S/4HANA, and troubleshoot any issues that arise during the implementation process.
SAP C_S4FCF_2021 exam covers a range of topics related to Central Finance in SAP S/4HANA. These topics include system architecture, data replication, data mapping, master data governance, and financial close processes. C_S4FCF_2021 exam also evaluates candidates' understanding of key features and functions of SAP S/4HANA, including real-time analytics and reporting capabilities. Additionally, the exam tests candidates' ability to troubleshoot and resolve issues related to data integration and system configuration.
NEW QUESTION # 15
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 assign documents based on predefined and customized rules.
- B. You can manage intercompany reconciliations later in the closing process.
- C. You can eliminate long-running batch jobs for loading the data into Central Finance.
- D. You can manage intercompany reconciliation using alerts and analytics.
Answer: B,C
NEW QUESTION # 16
Which of the following actions are performed by the Level 1 - FI Documents Count report? Note: There are 2 correct answers to this question.
- A. It reads the FI documents in the source system and finds all line items.
- B. It calculates the total number of financial accounting documents posted in the source system.
- C. It finds the corresponding entries in the ACDOCA table of Central Finance system.
- D. It combines the total number of journal entries with errors.
Answer: C,D
NEW QUESTION # 17
SAP recommends running the consistency check report (RFINDEX) with which options selected? Note: There are 3 correct answers to this question.
- A. Indexes against ledger
- B. Indexes - transaction figures
- C. Documents against ledger
- D. Documents against indexes
- E. Documents against transaction figures
Answer: B,D,E
NEW QUESTION # 18
Which of the following statements describes EC-PCA replication with Central Finance? Note: There are 2 correct answers to this question.
- A. EC-PCA documents are replicated to the leading ledger 0L.
- B. EC-PCA document replication does not cover postings done by transaction 1KEL.
- C. Error Resolution for EC-PCA is carried out using Application Interface Framework.
- D. Central Finance Mapping logic is applicable to EC-PCA document replication.
Answer: C,D
NEW QUESTION # 19
Which capabilities can support the processing of partially paid receivables in Central Finance? Note: There are 2 correct answers to this question.
- A. Dispute case for the clarification of payment differences
- B. Alerts of intercompany reconciliation for automatic clearing of remaining receivables
- C. Promise to pay agreements created from a collection worklist
- D. Request-based down payment in the amount of the difference
Answer: C,D
NEW QUESTION # 20
What are the prerequisites for SAP Landscape Transformation configuration before the initial load? Note:
There are 2 correct answers to this question.
- A. Create database connections.
- B. Create a technical user.
- C. Assign replication objects to the logical system.
- D. Set up RFC destinations.
Answer: B,D
NEW QUESTION # 21
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: B,D
NEW QUESTION # 22
You prepare the FI/CO initial load. For which type of accounts must you create a substitution account?
- A. Non-operating expense or income accounts
- B. Open item managed accounts
- C. Asset reconciliation accounts
- D. Tax accounts
Answer: B
NEW QUESTION # 23
Which of the following actions are performed by the Level 1 - FI Documents Count report? Note: There are 2 correct answers to this question.
- A. It reads the FI documents in the source system and finds all line items.
- B. It finds the corresponding entries in the ACDOCA table of Central Finance system.
- C. It calculates the total number of financial accounting documents posted in the source system.
- D. It combines the total number of journal entries with errors.
Answer: C,D
NEW QUESTION # 24
What are the features of the Accounting View of Logistics (AVL) information in Central Finance? Note:
There are 3 correct answers to this question.
- A. All information from the logistics document is transferred.
- B. Replication is executed via SLT.
- C. AVL information is available for real-time replication only.
- D. Logistics information is replicated (example: sales order).
- E. Business mapping is supported for AVL replication.
Answer: A,C,E
NEW QUESTION # 25
Which functions are available in Central Finance to validate the system setup before initial load? Note: There are 3 correct answers to this question.
- A. Smoke test functionality for Cost Objects (AUFK)
- B. Simulation of mapping for WBS
- C. Simulation of postings for FI/CO documents
- D. Simulation of postings for AVL
- E. Smoke test functionality for CO secondary postings
Answer: A,C,E
NEW QUESTION # 26
What is used to determine the Segment field in Central Finance?
- A. The profit center master data settings of the source system
- B. The standard derivation logic of the target system
- C. The SAP Master Data Governance mapping
- D. The substitution logic of the source system
Answer: B
NEW QUESTION # 27
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 # 28
Where do you perform the variance calculation in a Central Finance scenario?
- A. In the source system after order settlement
- B. In the source system before order settlement
- C. In the target system before order settlement
- D. In the target system after order settlement
Answer: B
NEW QUESTION # 29
What are the advantages of SLT deployment on a separate instance? Note: There are 3 correct answers to this question.
- A. Other integration scenarios besides Central Finance are possible.
- B. No RFC connection is required to source and Central Finance systems.
- C. SLT has direct access to source and Central Finance systems.
- D. Other systems can be connected without impact on source and Central Finance systems.
- E. There is no impact from update of source and Central Finance systems.
Answer: A,D,E
NEW QUESTION # 30
Which objects are included in SAP Master Data Governance, Consolidation? Note: There are 2 correct answers to this question.
- A. Plant
- B. Business partner
- C. Material
- D. Company code
Answer: B,C
NEW QUESTION # 31
You encounter an error during replication: General Ledger Account Master ID in field 'G/L Account' could not be mapped. Which transactions can you use to check the mapping? Note: There are 3 correct answers to this question.
- A. Manage Mappings (transaction FINS_CFIN_MAP_MANAGE)
- B. Manage G/L Account (transaction FS00)
- C. Define value mapping (code mapping - transaction CFINIMG -> Maintain Value Mapping)
- D. Search Key Mapping (transaction MDG_ANALYSE_IDM)
- E. Manage Key Mapping (transaction MDG_KM_MAINTAIN)
Answer: A,D,E
NEW QUESTION # 32
Which transactions can you use to drill back to the source document? Note: There are 2 correct answers to this question.
- A. Change document display (FSCD)
- B. FI document display (FB03)
- C. SLT monitor (LTRC)
- D. CO document display (KSB5)
Answer: B,D
NEW QUESTION # 33
What are the prerequisites for price difference splitting in Central Finance? Note: There are 3 correct answers to this questions.
- A. Accounts for splitting price difference are configured in the target system.
- B. Costing-based Profitability Analysis must be active in the source system.
- C. Account-based Profitability Analysis must be active in the source system.
- D. Production order settlement is configured in the source system.
- E. Accounts for splitting price difference are configured in the source system.
Answer: A,D,E
NEW QUESTION # 34
How can you map internal orders from a source system to a Central Finance system? Note: There are 2 correct answers to this question.
- A. Many-to-one relationship
- B. One-to-many relationship
- C. One-to-one relationship
- D. Many-to-many relationship
Answer: A,B
NEW QUESTION # 35
Which capability supports the continuous reconciliation between the sender and the Central Finance system? Note: There are 3 correct answers to this question.
- A. Reconcile using the FI Balance Reconciliation report.
- B. Reconcile individually using the line item drill-down.
- C. Reconcile using the financial statement.
- D. Reconcile using the Intercompany reconciliation.
- E. Reconcile using the RACCT_SENDER field in the ACDOCA table.
Answer: A,B,E
NEW QUESTION # 36
What is the purpose of a change request in SAP Master Data Governance? Note: There are 2 correct answers to this question.
- A. It acts as a container for new and changed master data.
- B. It replicates master data to maintenance systems.
- C. It defines and controls the process flow according to the defined change request type.
- D. It transports changed customizing settings.
Answer: A,B
NEW QUESTION # 37
Which types of filters can be applied for SAP Landscape Transformation? Note: There are 3 correct answers to this question.
- A. Event-based filter
- B. Role-based filter
- C. Transfer filter
- D. Database trigger filter
- E. Interface filter
Answer: A,D,E
NEW QUESTION # 38
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 Master Data Governance (MDG)
- B. Application Interface Framework (AIF)
- C. ALE/IDoc outbound and inbound
- D. SAP Landscape Transformation (SLT)
- E. SAP Process Integration (PI) Web service
Answer: A,B,C
NEW QUESTION # 39
What must you consider for integration of non-SAP source systems with Central Finance? Note: There are 3 correct answers to this question.
- A. Real-time replication is not supported for non-SAP source systems.
- B. Application Interface Framework (AIF) is used for monitoring.
- C. The data is transferred from the non-SAP system to the SLT staging tables.
- D. SLT staging tables are the same as for SAP source systems.
- E. There is no preconfigured content to extract data from non-SAP systems.
Answer: B,C,E
NEW QUESTION # 40
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SAP C_S4FCF_2021 certification is a valuable credential for SAP professionals who want to demonstrate their expertise in the Central Finance module of SAP S/4HANA. It validates the candidate's knowledge and skills in implementing and configuring Central Finance, as well as their ability to integrate it with other SAP modules. SAP Certified Application Associate - Central Finance in SAP S/4HANA (SAP S/4HANA 2021) certification also demonstrates the candidate's commitment to ongoing professional development and staying up-to-date with the latest SAP technologies and best practices.
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