SAP C_S4FTR_2023 Practice Test - Questions Answers, Page 2
List of questions
Question 11
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You are implementing the SAP Hedge Management application for foreign exchange (FX) and hedge accounting functionality. You define a hedging profile that is used for the definition of the hedging area.What parameters are driven by the hedging profile?Note: There are 2 correct answers to this question.
Designation types
Product types for exposure subitems
Effectiveness test method
Hedging relationship scenario
Explanation:
The parameters that are driven by the hedging profile when defining a hedging area for SAP Hedge Management application for foreign exchange (FX) and hedge accounting functionality are designation types and effectiveness test method. A hedging profile is a parameter that defines the characteristics and settings for hedge accounting in a hedging area. A hedging area is an organizational unit that groups together financial transactions that are hedged against specific risks. The parameters that are driven by the hedging profile are designation types, which define how hedged items and hedging instruments are designated for hedge accounting; and effectiveness test method, which defines how the effectiveness of hedge relationships is measured and documented.
Question 12
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Your organization would like to use the review process for bank accounts.In which SAP Fiori app do you initiate this process?
My Sent Requests - For Bank Accounts
Review Bank Accounts
Manage Banks
Manage Bank Accounts
Explanation:
You initiate the review process for bank accounts in the Review Bank Accounts app, where you can select the bank accounts that need to be reviewed and send them to the approvers. The approvers can then use the My Sent Requests - For Bank Accounts app to approve or reject the review requests.
Question 13
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You are configuring Market Risk Analyzer.What do derivation strategies derive?
The key figures to be stored in the results database
The product types to be used for financial object integration
The analysis structure characteristic values based on the trade
The market data to be used when executing a Monte Carlo simulation
Explanation:
Derivation strategies derive the analysis structure characteristic values based on the trade data. The analysis structure defines the characteristics and key figures that are used for market risk analysis. The derivation strategies determine how the characteristic values are derived from the trade data or other sources.
Question 14
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When you execute the Automatic Payment Transactions for Payment Requests app, in which order are the steps executed?
Enter payment parameters Run payment proposal Payment run -- accounting entries Payment run -- create payment medium
Enter payment parameters Run payment proposal Payment run -- create payment medium Payment run -- accounting entries
Run payment proposal Enter payment parameters Payment run -- accounting entries Payment run -- create payment medium
Run payment proposal Enter payment parameters Payment run -- create payment medium Payment run -- accounting entries
Explanation:
The Automatic Payment Transactions for Payment Requests app allows you to execute the payment run for payment requests in four steps: enter payment parameters, run payment proposal, payment run - accounting entries, and payment run - create payment medium. You can also monitor the status of each step and view the payment details.
Question 15
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You implement SAP Bank Communication Management with payment approval. After which process step will the payment medium be created?
Payment run
Final payment approval
Payment merge execution
Reservation for cross-payment run payment media
Explanation:
SAP Bank Communication Management with payment approval allows you to create and approve payment batches, merge payments into a single file, and send them to banks via SAP Multi-Bank Connectivity. The payment medium is created after the payment merge execution step, which combines payments from different sources into one file per bank and format.
Question 16
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You implement hedge management and hedge accounting.Which of the following describes the hypothetical derivative?
It is used to simulate accounting entries for hedging instruments.
It is the link between the hedged item and hedging instrument.
It is the representation of the hedging instrument.
It is the representation of the hedged item.
Explanation:
The hypothetical derivative is a representation of the hedged item that is used to measure the effectiveness of a hedging relationship. It is a hypothetical financial instrument that has terms and conditions that are identical to those of the actual hedging instrument, except for the notional amount and the maturity date.
Question 17
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What are the available options when you configure the bank account revision process?Note: There are 3 correct answers to this question.
Activate sequentially
Activate via workflow
Activate via two-factor authorization
Activate directly
Activate via dual control
Explanation:
The bank account revision process can be configured with three options: activate sequentially, activate via workflow, and activate via dual control. These options determine how the bank account changes are approved and activated by the reviewers. The activate sequentially option allows the reviewers to approve the changes in a predefined sequence. The activate via workflow option allows the reviewers to approve the changes in parallel or in a flexible sequence using SAP Business Workflow. The activate via dual control option allows the reviewers to approve the changes in parallel using a two-factor authorization method.
Question 18
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Which process steps are part of exposure management?Note: There are 2 correct answers to this question.
Link the hedging instrument to the exposure
Perform an effectiveness test
Create the raw exposures
Release the raw exposures that could be hedged
Explanation:
Exposure management is a process that allows you to identify and manage the financial risks arising from your business activities. The process steps are part of exposure management are: create the raw exposures, release the raw exposures that could be hedged, link the hedging instrument to the exposure, and perform an effectiveness test. The raw exposures are created from the financial transactions or positions that are exposed to market risks. The released exposures are the ones that are eligible for hedging and can be linked to a hedging instrument.
Question 19
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You configure the SAP Business Workflow for Bank Account Management.Which steps are required to set up this process?Note: There are 3 correct answers to this question.
Activate a workflow template
Define approvers
Change message control
Define sensitive fields
Define a release strategy
Explanation:
To set up the SAP Business Workflow for Bank Account Management, you need to perform three steps: activate a workflow template, define approvers, and define a release strategy. The workflow template defines the process flow and the tasks for approving bank account changes. The approvers are the users who are responsible for reviewing and approving the bank account changes. The release strategy defines the conditions and rules for triggering the workflow and assigning the approvers.
Question 20
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You are implementing Market Risk Analyzer and need to enable specific evaluation type settings via product type.What must you use?
Valuation rules
Valuation areas
Valuation procedures
Valuation classes
Explanation:
Valuation rules are used to enable specific evaluation type settings via product type. Valuation rules define how financial transactions are valued for market risk analysis purposes. They specify which evaluation types, valuation procedures, valuation classes, and market data sources are used for each product type.
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