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SAP C_S4FCF_2023 Practice Test - Questions Answers, Page 6
List of questions
Question 51
Which actions are performed by a functional FI/CO key user in a Central Finance project?
Note: There are 3 correct answers to this question.
User acceptance testing
Design blueprints
Participate in training
Create incidents
Design IT landscape strategy
Explanation:
Detailed Explanation: A functional FI/CO key user is responsible for tasks such as User acceptance testing (UAT), participation in training, and creating incidents during a Central Finance project. These activities ensure that the system meets business requirements and that users are well-prepared for the live environment.
Question 52
What activities are typically performed by operational teams on a daily basis between the source systems and the Central Finance system?
Note: There are 3 correct answers to this question.
Payment methods
Internal order mapping
Check SAP Application Interface Framework (AIF) monitor
Exchange rates
Authorization updates
Explanation:
Detailed Explanation: Operational teams often check the SAP Application Interface Framework (AIF) monitor for replication errors, update exchange rates, and manage authorization updates on a daily basis to ensure smooth operation and data consistency between the source and Central Finance systems.
Question 53
Which of the following actions are performed by the Level 3 - FI Documents Comparison Report?
Note: There are 2 correct answers to this question.
It calculates the total number of financial accounting documents posted in the source system.
It reads the FI documents in the source system and finds all line items.
It combines the total number of journal entries with errors.
It finds the corresponding entries in the ACDOCA table of the Central Finance system.
Explanation:
Detailed Explanation: The Level 3 - FI Documents Comparison Report reads the FI documents in the source system, finding all line items, and compares them with the corresponding entries in the ACDOCA table in the Central Finance system. This ensures that the replicated documents are correctly mapped.
Question 54
The Margin Analysis (previously known as Profitability Analysis) in the universal journal is based on which document?
Accounting document
Costing-based CO-PA document
Sales document
Profit center accounting document
Explanation:
Detailed Explanation: Margin Analysis, previously known as Profitability Analysis, in the universal journal is based on the Accounting document, which integrates financial and controlling data, allowing for real-time profitability reporting.
Question 55
Which capability supports continuous reconciliation between the sender and the Central Finance system?
Note: There are 3 correct answers to this question.
Reconcile using SAP Advanced Financial Closing
Reconcile using the Intercompany reconciliation
Reconcile using the financial statement
Reconcile using the RACCT_SENDER field in the ACDOCA table
Reconcile using the FI Balance Reconciliation report
Explanation:
Detailed Explanation: Continuous reconciliation between the sender system and Central Finance can be supported by SAP Advanced Financial Closing, the RACCT_SENDER field in the ACDOCA table, and the FI Balance Reconciliation report, ensuring accurate data synchronization across systems.
Question 56
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.
It only provides consolidation for business partners, customers, and vendors.
It provides central creation, change, and distribution of master data.
It can be deployed as a master data hub.
It is used to maintain and perform business mapping.
It governs value mapping for SAP ERP source systems to Central Finance.
Explanation:
Detailed Explanation: SAP Master Data Governance (MDG) in a Central Finance landscape provides the central creation, change, and distribution of master data, can be deployed as a master data hub, and governs value mapping for SAP ERP source systems.
Question 57
Which data is included in SAP Master Data Governance?
Note: There are 2 correct answers to this question.
Bank data: banks, house banks, bank accounts
Logistics data: sales orders, plants, organizational units such as sales and purchase organization
Material data: general data, units of measure
Financials data: general ledger accounts, profit centers, cost centers
Explanation:
Detailed Explanation: SAP Master Data Governance (MDG) includes Material data (such as general data and units of measure) and Financials data (like general ledger accounts, profit centers, and cost centers), which are vital for the correct functioning of the financial and logistical operations.
Question 58
You encounter an error during replication: General Ledger Account Master ID in field G/L Account could not be mapped.
Which transactions can you use to check the mapping?
Note: There are 3 correct answers to this question.
Search Key Mapping (transaction MDG_ANALYSE_IDM)
Define Value Mapping (code mapping - transaction CFINIMG-> Maintain Value Mapping)
Manage Key Mapping (transaction MDG_KM_MAINTAIN)
Manage G/L Account (transaction FS00)
Manage Mappings (transaction FINS_CFIN_MAP_MANAGE)
Explanation:
Detailed Explanation: When encountering an error with G/L account mapping, you can use Search Key Mapping (MDG_ANALYSE_IDM), Manage Key Mapping (MDG_KM_MAINTAIN), and Manage Mappings (FINS_CFIN_MAP_MANAGE) to troubleshoot and correct the mapping issues.
Question 59
A customer is planning to deploy SAP Master Data Governance for a Central Finance landscape. What are the main considerations?
Note: There are 3 correct answers to this question.
The Central Finance system must query key value mapping information from the SAP Master Data Governance system.
Master data is distributed via SAP Master Data Governance to source and target systems.
SAP Master Data Governance as a master data hub has complete processes (governance and consolidation).
SAP Master Data Governance is not mandatory for the Central Finance landscape.
If SAP Master Data Governance is a standalone system, the source ERP system must query master data key mapping from the Central Finance system.
Explanation:
Detailed Explanation: When deploying SAP Master Data Governance (MDG) in a Central Finance landscape, key considerations include that master data is distributed to source and target systems, MDG functions as a complete master data hub with governance and consolidation processes, and it is not mandatory for every Central Finance implementation.
Question 60
You need to map internal orders to dummy WBS elements in Central Finance. Which kind of mapping do you use?
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