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SAP C_S4FCF_2023 Practice Test - Questions Answers, Page 5
List of questions
Question 41
You prepare the FI/CO initial load. For which type of accounts must you create a substitution account?
Asset reconciliation accounts
Non-operating expense or income accounts
Tax accounts
Open item managed accounts
Explanation:
Detailed Explanation: Open item managed accounts require the creation of substitution accounts during the FI/CO initial load, as these accounts hold transactions that are still open and must be handled properly in the Central Finance system.
Question 42
Which field can be appended to the package key used in the initial load of balances?
Segment
Cost Center
Functional Area
Profit Center
Explanation:
Detailed Explanation: The Profit Center field can be appended to the package key during the initial load of balances in Central Finance to provide additional granularity and organization of the balance data.
Question 43
Which transactional data is posted to the defined substitution accounts during the FI/CO initial load?
Note: There are 2 correct answers to this question.
Offsetting entries of open items
Offsetting entries of balances
Open item entries
Balance entries related to reconciliation accounts
Explanation:
Detailed Explanation: During the FI/CO initial load, offsetting entries of balances and open item entries are posted to the substitution accounts. This process ensures that all open and balance-related items are properly reflected in the Central Finance system.
Question 44
What is the recommended naming convention when you define a logical system name in Central Finance?
System ID; 'CLNT'; client number
'CLNT'; client number; system ID
System ID; 'CLNT'; company code
System ID; company code; client number
Explanation:
Detailed Explanation: The recommended naming convention for defining a logical system name in Central Finance is System ID followed by 'CLNT' and the client number. This structure ensures consistency and clarity across multiple systems.
Question 45
What do you assign to the logical system as part of the technical configuration of Central Finance?
RFC destination
System name
Company code
Client ID
Explanation:
Detailed Explanation: As part of the technical configuration of Central Finance, you assign the RFC destination to the logical system. The RFC destination is necessary to establish the communication link between systems for data transfer.
Question 46
You need to set up a central Credit Management landscape in Central Finance. Which distribution settings does SAP recommend to determine the credit limit?
Note: There are 2 correct answers to this question.
Process Integration (PI)
Web services
Credit Manager Portal
Web Dynpro
Explanation:
Detailed Explanation: SAP recommends using Process Integration (PI) and Web services to distribute and determine the credit limit in a central Credit Management landscape. These technologies allow for real-time integration and communication between systems.
Question 47
What can you define in the Choose Logical System configuration step of the initial load settings?
Start year balances
Company code
Package size
Substitution accounts
Explanation:
Detailed Explanation: In the Choose Logical System configuration step of the initial load, you can define the package size to control the amount of data processed in each batch during the initial load. This helps manage system performance and data flow.
Question 48
What is used to determine the Segment field in Central Finance?
The profit center master data settings of the source system
The SAP Master Data Governance mapping
The substitution logic of the source system
The standard derivation logic of the target system
Explanation:
Detailed Explanation: In Central Finance, the Segment field is determined by the standard derivation logic of the target system, which follows SAP's standard rules for segment derivation based on other financial data.
Question 49
Which of the following statements describes EC-PCA replication with Central Finance?
Note: There are 2 correct answers to this question.
Central Finance mapping logic is applicable to EC-PCA document replication.
EC-PCA document replication does NOT cover postings done by transaction 1KEL.
EC-PCA documents have to be replicated through ALE.
Error resolution for EC-PCA is carried out using the SAP Application Interface Framework.
Explanation:
Detailed Explanation: In Central Finance, the EC-PCA replication follows the Central Finance mapping logic and uses the SAP Application Interface Framework (AIF) for error resolution. This ensures that the process is streamlined and consistent with the rest of the Central Finance setup.
Question 50
Where do you perform the variance calculation in a Central Finance scenario?
In the target system before order settlement
In the source system before order settlement
In the source system after order settlement
In the target system after order settlement
Explanation:
Detailed Explanation: In a Central Finance scenario, variance calculations are typically performed in the source system before order settlement. This ensures that all necessary financial data is accurately calculated and settled before replication to the Central Finance system.
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