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SAP C_S4FCF_2023 Practice Test - Questions Answers, Page 3
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Question 21
You have a business requirement to change a specific document type in the target system. Which mapping action would you use?
Mapping obligatory
Map if possible
Clear data
Keep data
Detailed Explanation: The Map if possible action allows the system to change document types only when mapping is feasible. This is useful when there is a specific business requirement to adjust document types in the target system without enforcing the mapping.
Question 22
What are the options for mapping cost objects to internal orders with the cost object mapping framework?
Note: There are 2 correct answers to this question.
Service order
QM order
Product cost collector
Cost center
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.
Question 23
The Master Data Governance (MDG) mapping repository contains key mapping for master data value mapping for customizing. Which service or application does MDG provide to maintain value mappings one by one?
Central Finance instance
Web Dynpro application
SAP GUI transaction
Cost object mapping
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.
Question 24
You plan to use Central Finance system for Collections Management Intercompany Reconciliation. Which prerequisites must be met?
Note: There are 2 correct answers to this question.
Central payments must be activated.
Payment terms must be replicated.
Source systems Central Finance must use business partners.
Replication of open items must be used.
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.
Question 25
Which capabilities can support the processing of partially paid receivables in Central Finance?
Note: There are 2 correct answers to this question.
Alerts of intercompany reconciliation for automatic clearing of remaining receivables
Down payment request with reference to the original sales order
Dispute case for the clarification of payment differences
Promise-to-pay agreements created from a collection worklist
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.
Question 26
What are some of the advantages of using intercompany reconciliations in Central Finance?
Note: There are 2 correct answers to this question.
You can manage intercompany reconciliation using alerts and analytics.
You can assign documents based on predefined customized rules.
You can eliminate long-running batch jobs for loading the data into Central Finance.
You can standardize payment processes.
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.
Question 27
What are the features of Shared Services Framework with Central Finance?
Note: There are 2 correct answers to this question.
It allows a comparative harmonized view for corporate reporting.
It is the service management platform for global business service organizations.
It simplifies consolidations.
It centralizes all service-relevant transactional activities.
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.
Question 28
Which actions can trigger replication from the source system to the Central Finance system?
Note: There are 3 correct answers to this question.
Create down payments
Create EC-PCA postings
Create G/L account
Create settlement rules
Release project definition
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.
Question 29
What are the implications when you activate Central Payment functionality?
Note: There are 2 correct answers to this question.
Invoices posted in the source system are technically cleared.
Central Payment is not possible for third-party systems.
The central system becomes the book of record.
Credit limits must be maintained at the business partner level in the source system.
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.
Question 30
Which of the following are benefits of using Dispute Management with Central Finance?
Note: There are 2 correct answers to this question.
It enables cross-department dispute resolution.
It calculates credit limits.
It organizes all information and documents related to a dispute case page.
It assigns risk categories.
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.
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