SAP C_S4FCF_2023 Practice Test - Questions Answers, Page 3

Detailed Explanation: With the cost object mapping framework, cost objects like Service orders and QM orders can be mapped to internal orders in Central Finance, facilitating accurate tracking of costs across systems.

Detailed Explanation: SAP GUI transaction is used for maintaining value mappings one by one in the Master Data Governance (MDG) module. This interface provides the necessary functionality to update and manage mappings individually.

Detailed Explanation: To use Collections Management and Intercompany Reconciliation in Central Finance, central payments must be activated, enabling centralized financial processing. Additionally, replication of open items is required to ensure that all outstanding transactions are visible and manageable within the Central Finance system.

Detailed Explanation: Down payment requests tied to the original sales order and Promise-to-pay agreements from a collection worklist help manage partially paid receivables in Central Finance. These capabilities streamline handling of partial payments and ensure better tracking of payment promises.

Detailed Explanation: Using alerts and analytics in Central Finance simplifies managing intercompany reconciliations, making it easier to resolve discrepancies in real time. Additionally, eliminating long-running batch jobs improves efficiency, as the reconciliation data is directly available without complex processing steps.

Detailed Explanation: The Shared Services Framework in Central Finance acts as a service management platform for global business service organizations and centralizes all service-relevant transactional activities, ensuring streamlined processes and efficiency across services.

Detailed Explanation: Actions such as creating down payments, EC-PCA postings, and settlement rules in the source system can trigger replication to the Central Finance system. These events ensure that relevant financial data is replicated to maintain synchronization between systems.

Detailed Explanation: When Central Payment is activated, invoices posted in the source system are technically cleared to prevent duplicate payments. Additionally, Central Payment is limited to SAP systems and cannot be extended to third-party systems.

Detailed Explanation: Dispute Management in Central Finance allows for cross-department dispute resolution and organizes all information and documents related to a dispute case. This streamlines the resolution process and improves collaboration across departments.