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SAP C_S4CFI_2408 Practice Test - Questions Answers, Page 4

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Question 31

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You have a bank account in foreign currency. During the period you have posted various deposits to and withdrawals from the account. After the foreign currency valuation run, how does the system evaluate the balance of this account?

in local currency, with the exchange rate valid on the last day of the period

in local currency, with the exchange rate valid on the last day of the period

In foreign currency, converted to local currency on a statistical ledger.

In foreign currency, converted to local currency on a statistical ledger.

In foreign currency, with no need for conversion.

In foreign currency, with no need for conversion.

In local currency, with the exchange rate valid for each transaction

In local currency, with the exchange rate valid for each transaction

Suggested answer: A

Explanation:

For a bank account in foreign currency, the SAP S/4HANA Cloud system evaluates the balance of this account in local currency using the exchange rate valid on the last day of the period during the foreign currency valuation run. This approach ensures that the financial statements reflect the most current value of foreign currency balances in terms of the local currency, accounting for any fluctuations in exchange rates throughout the period. This valuation is essential for accurate financial reporting and risk management.

References:

SAP S/4HANA Cloud Finance documentation on foreign currency valuation

Guidelines for currency valuation in SAP Financial Accounting

asked 31/10/2024
Vangelis Gouloutis
38 questions

Question 32

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When do you perform the goods and invoice receipts reconciliation process?

When an invoice is posted, but no relevant purchase order is available

When an invoice is posted, but no relevant purchase order is available

When a purchase order is posted, but no invoice has been received

When a purchase order is posted, but no invoice has been received

When an invoice is posted, but no goods receipt has been received

When an invoice is posted, but no goods receipt has been received

When a purchase order is posted, but no goods receipt has been received

When a purchase order is posted, but no goods receipt has been received

Suggested answer: C

Explanation:

The goods and invoice receipts reconciliation process is performed when an invoice has been posted, but the corresponding goods receipt has not been received. This process is crucial for managing discrepancies between the invoice and the physical receipt of goods, ensuring that payments are made only for goods that have been actually received. It involves verifying the invoice details against the purchase order and resolving any mismatches or issues before proceeding with the payment, thereby maintaining the accuracy of accounts payable and inventory records.

References:

SAP S/4HANA Cloud Procurement documentation

Best practices for invoice and goods receipt reconciliation in SAP

asked 31/10/2024
Angad Singh
34 questions

Question 33

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What is the result of an automatic payment run? Note: There are 3 correct answers to this question.

Payment documents

Payment documents

Payment pian

Payment pian

Payment media

Payment media

Payment log

Payment log

Payment blocks

Payment blocks

Suggested answer: A, C, D

Explanation:

An automatic payment run in SAP S/4HANA Cloud Public Edition typically results in the creation of payment documents, payment media, and a payment log. Payment documents are the actual financial postings that record the clearing of open invoices with payments. Payment media refer to the files or electronic data transmitted to banks for the execution of the payments, such as electronic fund transfers or checks. The payment log provides a detailed report of the payment run process, including information on successfully processed payments, errors encountered, and any exceptions handled during the run.

References:

SAP S/4HANA Cloud Financial Operations documentation

Best practices for automatic payment processing in SAP

asked 31/10/2024
jordi vanderpooten
34 questions

Question 34

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What tools enable non-developers to create low/no-code extensions? Note: There are 2 correct answers to this question

SAP Business Application Studio

SAP Business Application Studio

SAP Build

SAP Build

SAP Fiori extensibility apps

SAP Fiori extensibility apps

SAP Cloud SDK

SAP Cloud SDK

Suggested answer: B, C

Explanation:

SAP Build and SAP Fiori extensibility apps are tools that enable non-developers to create low/no-code extensions within the SAP ecosystem. SAP Build offers a suite of tools that allow users to design, prototype, and deploy applications without deep technical knowledge, embracing a low-code approach. SAP Fiori extensibility apps provide a user-friendly interface to adapt and enhance existing SAP Fiori apps to meet specific business needs, enabling key users to modify app behaviors, add new fields, or change layouts without requiring traditional development skills.

References:

SAP Build platform overview

SAP Fiori extensibility documentation

asked 31/10/2024
Rannie Dayapan
42 questions

Question 35

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Which asset characteristic controls if an asset is under construction?

Depreciation key

Depreciation key

Settlement profile

Settlement profile

Capitalization date

Capitalization date

Asset class

Asset class

Suggested answer: D

Explanation:

In SAP S/4HANA Cloud Public Edition, the characteristic that controls whether an asset is under construction is the 'Asset class'. Asset classes are used to categorize assets and define the controlling parameters for asset postings, including whether the asset is under construction. Assets under construction are typically managed in their own asset class with specific configurations, such as capitalization date rules and depreciation keys, tailored to the treatment of construction in progress until they are ready to be capitalized and put into use.

References:

SAP S/4HANA Cloud Asset Management guide

SAP Help documentation on asset classes and assets under construction

asked 31/10/2024
tony Gentry
42 questions

Question 36

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When using the Local SAP S/4HANA Database Schema migration approach, what is the maximum file size? Note: There are 2 correct answers to this question

100 MB per file

100 MB per file

100 MB per ZIP file

100 MB per ZIP file

160 MB per ZIP file

160 MB per ZIP file

160 MB per file

160 MB per file

Suggested answer: A, C

Explanation:

When using the Local SAP S/4HANA Database Schema migration approach, the maximum file size limitations are typically 100 MB per individual file and 160 MB per ZIP file. These size limits are imposed to ensure manageable upload sizes and to optimize the performance of the migration process. It's important for users to adhere to these limits when preparing data files for migration to avoid processing errors and to ensure a smooth migration experience.

References:

SAP S/4HANA Cloud data migration guidelines

Best practices for preparing data files for SAP database schema migrations

asked 31/10/2024
MAXIM TEN
38 questions

Question 37

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Which of the following systems are used to implement SAP S/4HANA Cloud Public Edition for a customer? Note: There are 3 correct answers to this question

Starter system

Starter system

Development system

Development system

Test system

Test system

Sandbox system

Sandbox system

Trial system

Trial system

Suggested answer: A, C, D

Explanation:

To implement SAP S/4HANA Cloud Public Edition for a customer, the systems typically used include the Starter system, Test system, and Sandbox system. The Starter system is used during the initial project preparation phase for exploring SAP S/4HANA Cloud functionalities and conducting fit-to-standard workshops. The Test system is utilized for more extensive testing, including integration and user acceptance tests, to validate the solution setup before going live. The Sandbox system provides a flexible environment for trying out configurations, customizations, and new ideas without affecting the project's main development and testing activities.

References:

SAP S/4HANA Cloud implementation methodology and system landscape

SAP Activate framework for SAP S/4HANA Cloud implementations

asked 31/10/2024
Victor Gouveia Pennella
42 questions

Question 38

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What can you do when executing a depreciation posting run? Note: There are 3 correct answers to this question.

You can run depreciation separately for each ledger.

You can run depreciation separately for each ledger.

You can reverse the Fl posting documents of the depreciation run.

You can reverse the Fl posting documents of the depreciation run.

You can select to cancel the depreciation run if the program finds errors in individual assets.

You can select to cancel the depreciation run if the program finds errors in individual assets.

You can process a depreciation test run for individual assets.

You can process a depreciation test run for individual assets.

You can check the posted depreciation for each asset on the Fl document.

You can check the posted depreciation for each asset on the Fl document.

Suggested answer: A, D, E

Explanation:

When executing a depreciation posting run in SAP S/4HANA Cloud Public Edition, several actions can be taken to ensure accuracy and compliance. Firstly, it's possible to run depreciation calculations separately for each accounting ledger, allowing for differentiated depreciation treatments as required by various accounting standards or business needs. Additionally, conducting a depreciation test run for individual assets enables the review and verification of depreciation calculations before the final posting, ensuring correctness. Finally, after the depreciation run is posted, the posted depreciation amounts for each asset can be reviewed on the Financial Accounting (FI) document, providing a detailed record of the depreciation expense recognized in the period.

References:

SAP S/4HANA Cloud Asset Accounting documentation

Guidelines for depreciation posting and review in SAP

asked 31/10/2024
Nelson Alvaro
49 questions

Question 39

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You have assigned a business role to an end user who has been granted access to only one specific application. While you have a day off, it turns out that the app doesn't show up on the user's Launchpad What can the user do?

Assign a launchpad space to the business role.

Assign a launchpad space to the business role.

Use the search function to find the app.

Use the search function to find the app.

Assign a different business role that provides access.

Assign a different business role that provides access.

Create a page and assign it to the launchpad space

Create a page and assign it to the launchpad space

Suggested answer: B

Explanation:

If an app doesn't show up on a user's Launchpad despite the user having the necessary business role, the user can utilize the search function within the SAP Fiori Launchpad to find the app. This approach can help bypass issues related to navigation or visibility settings on the Launchpad. The search function scans through the apps accessible to the user based on their roles and permissions, potentially revealing the app in question even if it's not immediately visible on the default Launchpad view.

References:

SAP Fiori Launchpad user guide

SAP S/4HANA Cloud troubleshooting documentation

asked 31/10/2024
Alan How
35 questions

Question 40

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Which activities can you complete in the Maintain Business Roles SAP Fiori app? Note: There are 2 correct answers to this question

Assign PFCG profiles to a business role

Assign PFCG profiles to a business role

Assign business catalogs to a business role

Assign business catalogs to a business role

Maintain technical catalogs

Maintain technical catalogs

Maintain restrictions

Maintain restrictions

Suggested answer: B, D

Explanation:

In the 'Maintain Business Roles' SAP Fiori app, key activities include assigning business catalogs to a business role and maintaining restrictions. Business catalogs, which group together Fiori apps and other resources based on business functions, can be linked to business roles to define the set of apps and actions a user with that role can access. Additionally, setting restrictions within a business role allows for further refinement of what users can see or do within the apps, tailoring access to the specific needs and security requirements of the organization.

References:

SAP Fiori Administration Guide

SAP S/4HANA Cloud security and role management documentation

asked 31/10/2024
Paul Bryant
30 questions
Total 80 questions
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