SAP Certified Application Associate - Central Finance in SAP S/4HANA (SAP S/4HANA 2021)

QUESTION NO: 1
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.

A. It provides central creation, change, and distribution of master data. B. It provides distribution of key and value mapping from the SAP ERP source system to Central Finance. C. It can be deployed in the Central Finance system or as a master data hub. D. It is used to maintain and perform business mapping. E. It only provides consolidation for business partners, customers, and vendors.

Correct Answer: A,B,C

QUESTION NO: 2
With central budgeting for internal orders, where is the availability check executed?

A. In the target system only B. In the source system only C. In the System Landscape Transformation (SLT) D. In both the target and the source system

Correct Answer: A

QUESTION NO: 3
For which initial load object does error handling NOT take place in the SAP Application Interface Framework (AIF)?

A. Cost objects B. FI/CO documents C. CO internal documents D. EC-PCA documents

Correct Answer: D

QUESTION NO: 4
Which tables does SLT read during real-time replication of accounting documents and cost objects from SAP source systems? Note: There are 3 correct answers to this question.

A. Order master data table (AUFK) B. Central Finance transfer table (CFIN_ACCIT) C. Sales document header data (VBAK) D. Central Finance transfer table (CFIN_ACCHD) E. Accounting document header table (BKPF)

Correct Answer: A,B,D

QUESTION NO: 5
A customer has a non-SAP source system with runtime-database license. Which SLT scenario must be used for Central Finance implementation?

A. Non-SAP B. Application-based replication C. Business integration D. Data-based replication

Correct Answer: C

QUESTION NO: 6
What are the advantages of SLT deployment on a separate instance? Note: There are 3 correct answers to this question.

A. No RFC connection is required to source and Central Finance systems. B. Other systems can be connected without impact on source and Central Finance systems. C. Other integration scenarios besides Central Finance are possible. D. There is no impact from update of source and Central Finance systems. E. SLT has direct access to source and Central Finance systems.

Correct Answer: B,C,D

QUESTION NO: 7
What activities are typically performed by operational teams on a daily basis between the source system and the Central Finance system? Note: There are 3 correct answers to this question.

A. Authorization updates B. Check AIF monitor C. Payment methods D. Internal order mapping E. Exchange rates

Correct Answer: A,B,E

QUESTION NO: 8
Which of the following are benefits of Dispute Management with Central Finance? Note: There are 2 correct answers to this question.

A. It calculates credit limits. B. It organizes all information and documents related to a dispute case page. C. It enables cross-department dispute resolution. D. It assigns risk categories

Correct Answer: B,C

QUESTION NO: 9
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 individually using the line item drill-down. B. Reconcile using the Intercompany reconciliation. C. Reconcile using the FI Balance Reconciliation report. D. Reconcile using the financial statement. E. Reconcile using the RACCT_SENDER field in the ACDOCA table.

Correct Answer: A,C,E

SAP Certified Application Associate - Central Finance in SAP S/4HANA (SAP S/4HANA 2021) - C-S4FCF-2021 Exam Questions