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SAP C_S4FCF_2023 Practice Test - Questions Answers, Page 5

List of questions

Question 41

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You prepare the FI/CO initial load. For which type of accounts must you create a substitution account?

Asset reconciliation accounts

Asset reconciliation accounts

Non-operating expense or income accounts

Non-operating expense or income accounts

Tax accounts

Tax accounts

Open item managed accounts

Open item managed accounts

Suggested answer: D

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.

asked 19/11/2024
Matt Harrold
44 questions

Question 42

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Which field can be appended to the package key used in the initial load of balances?

Segment

Segment

Cost Center

Cost Center

Functional Area

Functional Area

Profit Center

Profit Center

Suggested answer: D

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.

asked 19/11/2024
Chris Houck
33 questions

Question 43

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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 open items

Offsetting entries of balances

Offsetting entries of balances

Open item entries

Open item entries

Balance entries related to reconciliation accounts

Balance entries related to reconciliation accounts

Suggested answer: B, C

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.

asked 19/11/2024
Lucas Kenji Mizuguchi Martins
47 questions

Question 44

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What is the recommended naming convention when you define a logical system name in Central Finance?

System ID; 'CLNT'; client number

System ID; 'CLNT'; client number

'CLNT'; client number; system ID

'CLNT'; client number; system ID

System ID; 'CLNT'; company code

System ID; 'CLNT'; company code

System ID; company code; client number

System ID; company code; client number

Suggested answer: A

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.

asked 19/11/2024
Hossein Nasri
31 questions

Question 45

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What do you assign to the logical system as part of the technical configuration of Central Finance?

RFC destination

RFC destination

System name

System name

Company code

Company code

Client ID

Client ID

Suggested answer: A

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.

asked 19/11/2024
Daniel williams
51 questions

Question 46

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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)

Process Integration (PI)

Web services

Web services

Credit Manager Portal

Credit Manager Portal

Web Dynpro

Web Dynpro

Suggested answer: A, B

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.

asked 19/11/2024
Evelina Turco
34 questions

Question 47

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What can you define in the Choose Logical System configuration step of the initial load settings?

Start year balances

Start year balances

Company code

Company code

Package size

Package size

Substitution accounts

Substitution accounts

Suggested answer: C

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.

asked 19/11/2024
Paulo Cury
33 questions

Question 48

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What is used to determine the Segment field in Central Finance?

The profit center master data settings of the source system

The profit center master data settings of the source system

The SAP Master Data Governance mapping

The SAP Master Data Governance mapping

The substitution logic of the source system

The substitution logic of the source system

The standard derivation logic of the target system

The standard derivation logic of the target system

Suggested answer: D

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.

asked 19/11/2024
Kinshuk Choubisa
44 questions

Question 49

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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.

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 document replication does NOT cover postings done by transaction 1KEL.

EC-PCA documents have to be replicated through ALE.

EC-PCA documents have to be replicated through ALE.

Error resolution for EC-PCA is carried out using the SAP Application Interface Framework.

Error resolution for EC-PCA is carried out using the SAP Application Interface Framework.

Suggested answer: A, D

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.

asked 19/11/2024
Tommy Svendsen
37 questions

Question 50

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Where do you perform the variance calculation in a Central Finance scenario?

In the target system before order settlement

In the target system before order settlement

In the source system before order settlement

In the source system before order settlement

In the source system after order settlement

In the source system after order settlement

In the target system after order settlement

In the target system after order settlement

Suggested answer: B

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.

asked 19/11/2024
Yesaldine Salazar
42 questions
Total 80 questions
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