SAP C_S4CFI_2308 SAP Certified Application Associate - SAP S/4HANA Cloud public edition - Finance Exam Practice Test

Service Contract is one of the options for Contract Type. A Service Contract is a long-term agreement with a customer that defines the content and scope of services guaranteed within specific tolerance limits for certain parameters (e.g. predefined time frames). References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/9e9a7e16afef4cc0ad2ab27af385aa72.html

The activities that are applied to the entire system and cannot be changed after confirmation are:

• Group currency
• Fiscal year variant These activities define the global settings for your system, such as the currency used for consolidation and reporting, and the fiscal year used for financial accounting. You cannot change these settings after confirming them in SAP Central Business Configuration. Scoping and configuration activities can be changed after confirmation using self-service configuration UIs or expert configuration tools. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

Some services that SAP delivers as part of RISE withSAP S/4HANACloud solution are:

• Release upgrade planning
• Business process configuration

RISE withSAP S / 4 HANACloudis an offering that provides customers with everything they need to transform their business withSAP S / 4 HANACloud , such as subscription licenses , implementation services , cloud infrastructure , embedded analytics , etc

Semantic tags are used for in SAP S/4HANA Cloud to calculate KPIs in analytics reports. Semantic tags are attributes that provide additional information about the meaning and purpose of a field or a value. Semantic tags enable the system to aggregate and analyze data based on common business concepts such as revenue, cost, or profit. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/7e30637d0a0545f99f6a65242a44940d.html

Communication language is one of the fields that is maintained on the general data segment of the supplier business partner. Communication language determines the language used for correspondence with the supplier. Reconciliation account, tolerance group, and payment terms are not fields on the general data segment, but on other segments such as accounting or purchasing. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

You specify the retention time of temporary data in the migration project when you perform data migration using the SAP S/4HANA Migration Cockpit. The migration project is where you define general settings for your data migration, such as source system, target system, migration objects, and retention time. The retention time determines how long temporary data is stored in staging tables before it is deleted automatically. References: https://help.sap.com/viewer/product/SAP_S4HANA_MIGRATION_COCKPIT/latest/en-US

Some of the characteristics of the SAP S/4HANA Migration Cockpit are:

• Guidance and simulation of the migration process
• Mapping source values to SAP S/4HANA target values The SAP S/4HANA Migration Cockpit is a tool that allows you to migrate data from legacy systems to SAP S/4HANA Cloud using predefined migration content and settings. The SAP S/4HANA Migration Cockpit guides you through the migration process and allows you to simulate the data transfer before executing it. The SAP S/4HANA Migration Cockpit also allows you to map source values from legacy systems to target values in SAP S/4HANA Cloud using value mapping tables or rules. References: https://help.sap.com/viewer/product/SAP_S4HANA_MIGRATION_COCKPIT/latest/en-US

The activities that the expert configuration allows are:

• Creation of new process in customer owned area
• Customization through IMG outside self-service configuration UI tools You cannot use the expert configuration to adapt editable fields within SAP Best Practice content, delete SAP Best Practices content before Quality system activation, or add new SAP Best Practice business processes. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

The maintenance functions of the financial statement version (FSV) with the “Manage Global Hierarchies” app are:

• Assign profit centers
• Create draft hierarchy versions You cannot use this app to create G/L account master data, assign semantic objects, or add new nodes to the FSV hierarchy. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/7e30637d0a0545f99f6a65242a44940d.html

The Starter system is used in the Explore phase of the implementation project to demonstrate SAP Best Practices processes in a preconfigured system and identify customer personalization requirements. The Starter system is not used for configuration, testing, or demonstration of the customer’s personalized solution. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/0c7d0a8a9f9e4d1f9a0c3c8e1f6b3e2d.html

You test the business processes in the Realize phase of the SAP Activate methodology. This phase involves performing business process testing in the Quality system using predefined test plans or custom test plans based on your business processes. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/bf3d6e0c6f4740a09ed5d3c3981b8f1d.html

The implementation team is responsible for preparing and performing the master data loads. The implementation team consists of consultants from SAP or partners who have the expertise and tools to perform data migration tasks. The project leader team, the customer project team, and the basis team are not responsible for master data loads. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/bf3d6e0c6f4740a09ed5d3c3981b8f1d.html

 If a customer wants to simplify the process of outgoing payment management, you should recommend SAP Multi-Bank Connectivity as an offering. SAP Multi-Bank Connectivity is a cloud-based solution that allows customers to connect with multiple banks and payment service providers through a single channel and manage their payments efficiently and securely. References: https://help.sap.com/viewer/product/SAP_MULTI_BANK_CONNECTIVITY/latest/en-US

Plan cost center allocation and commitment values from purchase order are two of the postings that update the ACDOCA universal journal table. Plan cost center allocation posts planned costs from cost center planning to ACDOCA. Commitment values from purchase order posts commitments from purchase orders to ACDOCA. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

The implementation consultant supports the customer during Fit-to-Standard workshops by performing the following activities:

• Demonstrate SAP Best Practices in the starter system
• Highlight gaps that require configuration or extensibility decisions The implementation consultant does not review current custom code in the customer system or show and explain all available self-service configuration UIs during Fit-to-Standard workshops. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/bf3d6e0c6f4740a09ed5d3c3981b8f1d.html

A resubmission in Collections & Dispute Management is a feature that provides a specific reason why a customer needs to be contacted again. A resubmission allows you to schedule a follow-up activity for a customer contact and specify the resubmission reason and date. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

You assign the cash management flow types to liquidity items when you configure cash operations. Liquidity items are categories that classify cash flows based on their sources and uses. Cash management flow types are attributes that define the nature and direction of cash flows for different transactions. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

Fixed asset and business partner are two of the objects that must be available before legacy G/L account balances can be completely migrated in the SAP S/4HANA Cloud system. These objects are required to assign G/L account balances to fixed assets and business partners during data migration. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/bf3d6e0c6f4740a09ed5d3c3981b8f1d.html

You would use Read Access Logging (RAL) to determine if a business user accessed a business partner’s personal data. RAL is a tool that allows you to monitor and log read access to sensitive data in your system, such as personal data of customers or employees. RAL helps you comply with data protection regulations and audit requirements. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

Data load preparation is performed in the Realize phase of the implementation project. This phase involves preparing and validating the data migration objects and performing data consistency checks. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/9d1d6e0c6f4740a09ed5d3c3981b8f1d.html

When creating an account for costs of printing marketing materials, you should choose primary cost account as the account type. Primary cost accounts are used to record costs that are incurred directly by a cost object, such as materials or services purchased from external vendors. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

Extension ledger is the technology that is used to perform predictive accounting for sales orders in SAP S/4HANA Cloud. Extension ledger is a type of ledger that stores additional postings on top of an underlying ledger, such as the leading ledger. Predictive accounting uses extension ledgers to record provisional postings for sales orders that have not been billed yet. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

Based on the SAP Activate methodology, business process test and integration test are formal tests that must be documented during implementation. Business process test verifies that all business processes work as expected in the Quality system. Integration test verifies that all interfaces and integrations work as expected in the Quality system. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/bf3d6e0c6f4740a09ed5d3c3981b8f1d.html

You can perform the following tasks from the Display Technical Users app:

• Change the username and password of a print user
• Upload a certificate for a communication user The Display Technical Users app allows you to view and maintain technical users in your system, such as print users or communication users. You cannot use this app to assign and unassign users to user groups, lock and unlock the initial user account that is delivered with the new system, or create new technical users. You need to use other apps or tools for those tasks. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

Communication language is one of the details that are maintained on the General Data segment of the business partner for a supplier. Communication language determines the language used for correspondence with the supplier. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

The Quality system is activated after the Starter system is terminated. The Starter system is a temporary system that is used for scoping and configuration activities during the Explore phase. The Quality system is a permanent system that is used for testing and validation activities during the Realize phase. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

One of the activities that you use the starter system for is to document delta requirements in the backlog. The starter system is a temporary system that is used for scoping and configuration activities during the Explore phase. You can use the starter system to document any delta requirements that are identified during Fit-to-Standard workshops in a backlog using an app such as Manage Backlog Items. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

SAP Cash Application uses historical data from electronic bank statements and payment advices to train the machine learning model. The model learns from the past clearing patterns and applies them to new incoming payments. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/9e9a7e16afef4cc0ad2ab27af385aa72.html

The customer credit group and the credit decisions are two of the information that are stored in the credit profile in the customer master data. The customer credit group determines which customers are checked together for credit limit purposes. The credit decisions record the results of the credit checks performed for the customer. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

The test process types that are available in the Manage Your Test Processes app are:

• Post-upgrade
• Regression
• Custom These test process types represent different testing scenarios that you can perform using predefined or custom test plans. Integration and Standard are not test process types available in the app. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

You can use the following methods to fill staging tables in the SAP HANA database of the target system:

• SAP Smart Data Access
• Customer’s ETL tools
• SAP HANA Smart Data Integration (SDI) SAP Smart Data Access allows you to access data from remote sources without replicating it in SAP HANA. Customer’s ETL tools allow you to extract, transform, and load data from various sources into SAP HANA. SAP HANA Smart Data Integration (SDI) allows you to replicate data from remote sources into SAP HANA in real-time or batch mode. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/b6e2e2e06e4946ecad2ab27af385aa72.html

A service order is a short-term agreement between a service provider and a service recipient with information relevant to the specific service process, such as the service date, location, duration, and price. A service order is not a confirmation, an outline agreement, or a long-term agreement. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/9e9a7e16afef4cc0ad2ab27af385aa72.html

Defining specifications for data extraction on legacy system is one of the activities that you perform during the data load preparation. This activity involves defining the source fields, mapping rules, and transformation rules for each data migration object. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/bf3d6e0c6f4740a09ed5d3c3981b8f1d.html

The activities that you can perform when you use general ledger accounting in SAP S/4 HANA Cloud are:

• Display general ledger items, documents and good balances
• Carry out recurring entries You cannot post to the financial statement version or release blocked sales orders using general ledger accounting in SAP S / 4HANA Cloud. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

The prerequisites for using the SAP Fiori app Test your process are:

• SAP Best Practices are activated in the system and connected to Test Engine on SAP cloud platform
• Test user has all the necessary roles to run the process You do not need to upload test scripts to SAP S/4HANA Cloud or connect the development system to the implementation landscape for using this app. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/bf3d6e0c6f4740a09ed5d3c3981b8f1d.html

You perform the goods and invoice receipts reconciliation process when an invoice is posted, but no goods receipt has been received. This process allows you to compare the invoice amount with the purchase order amount and identify any discrepancies or missing goods receipts. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

In the template-based migration approach, the maximum file size is:

• 160 MB per ZIP file
• 100 MB per XML file These are the limits for uploading files to the SAP S/4HANA Migration Cockpit using templates. There is no limit for ZIP or XML files per se, but only for the upload process. References: https://help.sap.com/viewer/product/SAP_S4HANA_MIGRATION_COCKPIT/latest/en-US

The steps for conducting automated business process testing are create a test plan, run the test, and correct and rerun failed test processes. You do not need to assess data management or create a test system for automated testing. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/bf3d6e0c6f4740a09ed5d3c3981b8f1d.html

The account group controls the number range in which the new G/L account can be created when creating a new G/L account. The account group defines a four-digit numerical interval that determines which G/L account numbers can be assigned to accounts belonging to that group. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US