[Apr-2023] Valid Way To Pass SAP Exam Dumps with C-S4FCF-2021 Exam Study Guide [Q32-Q50]

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[Apr-2023] Valid Way To Pass SAP Exam Dumps with C-S4FCF-2021 Exam Study Guide

All C-S4FCF-2021 Dumps and SAP Certified Application Associate – Central Finance in SAP S/4HANA (SAP S/4HANA 2021) Training Courses Help candidates to study and pass the Exams hassle-free!

Becoming certified in Central Finance in SAP S/4HANA through the SAP C_S4FCF_2021 exam can provide professionals with a competitive advantage in the job market. Certification demonstrates an individual’s expertise in the central finance deployment option in SAP S/4HANA, which is a critical skill in many organizations. Additionally, certification can lead to increased job opportunities and higher salaries.

The SAP C_S4FCF_2021 exam covers a wide range of topics related to central finance, including financial accounting, management accounting, and financial close processes. Candidates will be tested on their knowledge of SAP S/4HANA Central Finance solution architecture, data replication, and master data governance. Additionally, the exam will assess the candidate’s ability to perform tasks such as configuring and managing financial processes, mapping financial data, and integrating with other SAP systems.

NEW QUESTION 32
Which mapping type automatically creates the necessary master data in Central Finance?

Cost object mapping

Value mapping

Complex mapping

Key mapping

NEW QUESTION 33
Which activities must you perform in the source system? Note: There are 3 correct answers to this question.

Maintain the initial load scope.

Assign authorizations for an RFC user.

Configure decimal places for currencies.

Carry forward balances.

Activate central finance business function.

NEW QUESTION 34
Which reports can you use to compare details from the source system with the Central Finance system? Note:
There are 3 correct answers to this question.

Journal entry analyzer report

Balance comparison report

Document count report

Actual P&L report

Document comparison report

NEW QUESTION 35
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.

Master data is distributed via SAP Master Data Governance to source and target systems.

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 and Key Mapping from the Central Finance system.

The Central Finance system must query key and value mapping information from the SAP Master Data Governance system.

SAP Master Data Governance as a master data hub has complete processes (governance and consolidation).

NEW QUESTION 36
You want to maintain the master data of a cost object that has already been replicated to the Central Finance system. In which system is this performed?

Source system

Target system

SAP Master Data Governance system

SAP Landscape Transformation (SLT)

NEW QUESTION 37
You plan to use Central Finance system for Collections Management and Intercompany Reconciliation. Which prerequisites must be met? Note: There are 2 correct answers to this question.

Payment terms must be replicated.

Replication of open items must be used.

Central payments must be activated.

Source systems and Central Finance must use business partners.

NEW QUESTION 38
What do you assign to the logical system as part of the technical configuration of Central Finance?

RFC destination

System name

Client ID

Company code

NEW QUESTION 39
Which of the following features are provided by Application Interface Framework (AIF)? Note: There are 3 correct answers to this question.

Messages can be assigned to SAP transaction codes

Data correction is possible for all fields

Role-based overview for business users

Message severity can be changed

Field labels can be shown with customized text

NEW QUESTION 40
A customer has a non-SAP source system with runtime-database license. Which SLT scenario must be used for Central Finance implementation?

Application-based replication

Non-SAP

Business integration

Data-based replication

NEW QUESTION 41
Which master data is supported with SAP Master Data Governance, Financials (MDG-F)? Note:
There are 2 correct answers to this question.

Financial planning data

Profit center hierarchies

Fixed asset master

General ledger accounts

NEW QUESTION 42
You are performing a CO initial load. For which objects can you use simul-ation functionality? Note: There are 2 correct answers to this question.

CO documents

Cost objects

Cost centers

WBS elements

NEW QUESTION 43
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 reconciliations later in the closing process.

You can assign documents based on predefined and customized rules.

You can manage intercompany reconciliation using alerts and analytics.

You can eliminate long-running batch jobs for loading the data into Central Finance.

NEW QUESTION 44
What are the implications when you activate Central Payment functionality? Note: There are 2 correct answers to this question.

Credit limits must be maintained at the business partner level in the source system.

The central system becomes the book of record.

Invoices posted in the source system are technically cleared.

Central Payment is not possible for third-party systems.

NEW QUESTION 45
Which of the following actions are performed by the Level 1 – FI Documents Count report? Note: There are 2 correct answers to this question.

It combines the total number of journal entries with errors.

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 finds the corresponding entries in the ACDOCA table of Central Finance system.

NEW QUESTION 46
You are explaining the architectural concept of Central Finance to a customer. Which SLT objects are used during replication from both ABAP and non-ABAP systems? Note: There are 2 correct answers to this question.

Logging table

Mapping and Transformation engine

Reading engine

Database trigger

NEW QUESTION 47
Which entities are contained in an initial load group? Note: There are 2 correct answers to this question.

Profit center

Controlling area

Logical system

Company codes

NEW QUESTION 48
Where do you perform the variance calculation in a Central Finance scenario?

In the target system before order settlement

In the source system after order settlement

In the target system after order settlement

In the source system before order settlement

NEW QUESTION 49
When do you activate the replication of WBS elements for Central Finance?

After replication is activated in SAP Landscape Transformation (SLT)

After the initial load of FI documents

After the mapping and replication of cost centers

After the configuration of inbound and outbound ALE

NEW QUESTION 50
What are the prerequisites for SAP Landscape Transformation configuration before the initial load? Note:
There are 2 correct answers to this question.

Set up RFC destinations.

Create a technical user.

Assign replication objects to the logical system.

Create database connections.

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