SAP C_S4CFI_2408 Practice Test - Questions Answers

For a posted invoice in SAP S/4HANA Cloud Public Edition, certain fields can still be changed under specific conditions or using specific functions, such as follow-on documents or adjustments. The fields that can typically be changed include: A. Payment terms, which can be adjusted to reflect new payment agreements. B. Profit center, which may be updated for correct financial reporting and analysis, often through subsequent account assignments. E. Line-item text, which can be modified to provide additional details or correct information without affecting the financial value of the transaction.

It's important to note that changes to these fields may be subject to system configuration and business process controls to ensure data integrity and compliance with financial reporting standards.

References:

SAP S/4HANA Cloud Financial Accounting documentation

Best practices for invoice management and adjustments in SAP

From the 'Manage KPIs and Reports' app in SAP S/4HANA Cloud Public Edition, you can create analyses such as: A. SAC (SAP Analytics Cloud) Stories: These provide interactive visualizations and analytics capabilities, allowing for the creation of narrative and data-driven stories. B. Multidimensional Reports: These reports offer insights into business data from multiple perspectives and dimensions, enabling complex analyses. E. Object Views: These are specific views configured to display data related to a particular business object or process, allowing for targeted analysis and reporting.

References:

SAP S/4HANA Cloud analytics and reporting documentation

SAP Analytics Cloud user guides and best practices

In the dunning proposal list within SAP S/4HANA Cloud Public Edition, the following editing options are available: A. Edit Dunning Blocks at Account Level: This allows for the temporary or permanent blocking of dunning notices for specific accounts. B. Edit Dunning Blocks at Line Item Level: This enables the blocking or unblocking of dunning for individual line items, providing granular control over the dunning process. E. Change the Dunning Level of an Open Item: This allows for adjusting the dunning level of specific open items, which can affect the urgency and content of dunning letters sent to customers.

References:

SAP S/4HANA Cloud documentation on accounts receivable management

Best practices for managing the dunning process in SAP

In SAP S/4HANA Cloud Public Edition, the use of a business partner in accounts payable is controlled by the 'Business Partner Role'. This role defines the functions and responsibilities a business partner can have within the system, such as vendor or customer roles. In accounts payable, assigning a vendor role to a business partner enables the system to recognize and process transactions related to that partner in the context of accounts payable activities.

References:

SAP S/4HANA Cloud Business Partner Configuration documentation

Best practices for managing business partners in SAP

In SAP S/4HANA Cloud Public Edition's Asset Accounting, the relevant postings made periodically, typically at the end of the month, include: B. Depreciation Posting: This is the systematic reduction of the recorded cost of a fixed asset to allocate that cost over the asset's useful life. Depreciation postings are made periodically to reflect the wear and tear or obsolescence of the asset. D. Settlement of the WBS element: Work Breakdown Structure (WBS) elements related to projects may have costs (including asset costs) collected against them. These costs are periodically settled to their final cost objects, such as fixed assets or cost centers, at the end of the month or upon project completion.

References:

SAP S/4HANA Cloud Asset Accounting documentation

Best practices for periodic processing in Asset Accounting

In the context of SAP S/4HANA Cloud Public Edition, particularly within a 3-system landscape, the assigned process tasks from the SAP Activate Roadmap are accessed through SAP Cloud ALM (Application Lifecycle Management) for Implementation. SAP Cloud ALM for Implementation provides a comprehensive set of tools and methodologies to support project management, task tracking, and collaboration during the implementation of SAP S/4HANA Cloud, ensuring that all project activities are aligned with the SAP Activate framework.

References:

SAP Cloud ALM documentation

SAP Activate methodology for SAP S/4HANA Cloud

To assist customers in maintaining their SAP S/4HANA Cloud systems post-release upgrade, SAP provides tools such as the Test Automation Tool and the What's New Viewer Tool. The Test Automation Tool helps automate the testing of business processes to ensure that new releases do not disrupt existing functionalities. The What's New Viewer Tool offers detailed information on the latest features and enhancements in the new release, helping users understand and leverage the new capabilities effectively.

References:

SAP S/4HANA Cloud release strategy and tools documentation

SAP Help Portal for Test Automation Tool and What's New Viewer

In the context of SAP S/4HANA Cloud Public Edition - Financial Accounting, manual test cases for customer User Acceptance Testing (UAT) are typically created and managed in SAP Cloud ALM (Application Lifecycle Management). SAP Cloud ALM is designed to support the implementation and operations of SAP cloud solutions like S/4HANA Cloud. It offers a comprehensive set of capabilities for managing requirements, test cases, test executions, and defects during the lifecycle of SAP cloud projects. Unlike SAP Solution Manager, which is more suited for on-premise implementations, SAP Cloud ALM is tailored for cloud environments, making it the preferred tool for managing test activities, including manual test cases for UAT in a cloud setting.

References:

SAP Cloud ALM official documentation

SAP S/4HANA Cloud implementation guides and best practices

For producing external financial statements based on cost-of-sales accounting, the 'Functional area' dimension is used. Cost-of-sales accounting is an approach that matches the costs of products sold with the revenues generated from their sale, providing a more accurate representation of the profit for a specific period. The functional area dimension allows for the classification of expenses according to the functions within an organization, such as production, sales, or administration, making it a key dimension for cost-of-sales accounting. This classification helps in the preparation of income statements where expenses are categorized based on their function, which is essential for cost-of-sales accounting.

References:

SAP S/4HANA Cloud documentation on financial reporting and analytics

Financial Accounting standards and practices that discuss the principles of cost-of-sales accounting