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C_S4FCF_2021 Exam PDF [2023] Tests Free Updated Today with Correct 82 Questions
SAP C_S4FCF_2021 certification exam is designed to test the knowledge and skills of individuals in the area of Central Finance in SAP S/4HANA. SAP Certified Application Associate - Central Finance in SAP S/4HANA (SAP S/4HANA 2021) certification validates an individual's ability to implement and configure Central Finance in SAP S/4HANA, including financial data integration, mappings, and real-time replication. C_S4FCF_2021 exam also covers the use of the Central Finance system for financial reporting and analysis.
SAP C_S4FCF_2021 certification exam is essential for professionals who want to demonstrate their expertise in central finance in SAP S/4HANA environments. By passing C_S4FCF_2021 exam, candidates can showcase their knowledge and skills to potential employers and advance their careers in the field. Therefore, candidates should prepare thoroughly for the exam by taking the relevant training courses and gaining practical experience.
NEW QUESTION # 49
Which tables does SLT read during real-time replication of accounting documents and cost objects from SAP source systems? Note: There are 3 correct answers to this question.
- A. Order master data table (AUFK)
- B. Sales document header data (VBAK)
- C. Accounting document header table (BKPF)
- D. Central Finance transfer table (CFIN_ACCIT)
- E. Central Finance transfer table (CFIN_ACCHD)
Answer: A,D,E
NEW QUESTION # 50
Which of the following Central Finance interfaces are available for data replication from an SAP source system? Note: There are 3 correct answers to this question.
- A. Master data elements
- B. WBS elements
- C. Cost objects
- D. Material cost estimates
- E. Activity rates
Answer: A,B,C
NEW QUESTION # 51
What are the prerequisites for SAP Landscape Transformation configuration before the initial load? Note: There are 2 correct answers to this question.
- A. Create database connections.
- B. Assign replication objects to the logical system.
- C. Set up RFC destinations.
- D. Create a technical user.
Answer: C,D
NEW QUESTION # 52
What is used to determine the Segment field in Central Finance?
- A. The profit center master data settings of the source system
- B. The SAP Master Data Governance mapping
- C. The standard derivation logic of the target system
- D. The substitution logic of the source system
Answer: C
NEW QUESTION # 53
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.
- A. 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.
- B. The Central Finance system must query key and value mapping information from the SAP Master Data Governance system.
- C. SAP Master Data Governance as a master data hub has complete processes (governance and consolidation).
- D. SAP Master Data Governance is not mandatory for the Central Finance landscape.
- E. Master data is distributed via SAP Master Data Governance to source and target systems.
Answer: C,D,E
NEW QUESTION # 54
Which tool must you use to view FI/CO initial load errors?
- A. Central Finance application log
- B. SAP LT replication server cockpit
- C. Migration cockpit
- D. SAP Application Interface Framework
Answer: D
NEW QUESTION # 55
Which of the following processes are applicable during activity rate replication? Note: There are 2 correct answers to this question.
- A. Configuration of a transfer rule is not needed for replication.
- B. Activity rate replication occurs through cost object mapping framework interface.
- C. Activity rate replication can be run from CFIN to the source system.
- D. Activity rate replication can be run from the source system to CFIN.
Answer: C,D
NEW QUESTION # 56
Which functions are available in Central Finance to validate the system setup before initial load? Note: There are 3 correct answers to this question.
- A. Smoke test functionality for CO secondary postings
- B. Smoke test functionality for Cost Objects (AUFK)
- C. Simulation of mapping for WBS
- D. Simulation of postings for AVL
- E. Simulation of postings for FI/CO documents
Answer: A,B,E
NEW QUESTION # 57
Which of the following statements describes EC-PCA replication with Central Finance? Note: There are 2 correct answers to this question.
- A. Error Resolution for EC-PCA is carried out using Application Interface Framework.
- B. Central Finance Mapping logic is applicable to EC-PCA document replication.
- C. EC-PCA documents are replicated to the leading ledger 0L.
- D. EC-PCA document replication does not cover postings done by transaction 1KEL.
Answer: A,B
NEW QUESTION # 58
Which of the following actions are performed by the Level 1 - FI Documents Count report? Note: There are 2 correct answers to this question.
- A. It combines the total number of journal entries with errors.
- B. It reads the FI documents in the source system and finds all line items.
- C. It finds the corresponding entries in the ACDOCA table of Central Finance system.
- D. It calculates the total number of financial accounting documents posted in the source system.
Answer: A,D
NEW QUESTION # 59
Which delta data categories are replicated in real time from SLT to the Central Finance system? Note: There are 2 correct answers to this question.
- A. Delete
- B. Reconcile
- C. Add
- D. Exclude
Answer: A,C
NEW QUESTION # 60
Which transactions can you use to drill back to the source document? Note: There are 2 correct answers to this question.
- A. FI document display (FB03)
- B. SLT monitor (LTRC)
- C. Change document display (FSCD)
- D. CO document display (KSB5)
Answer: A,D
NEW QUESTION # 61
What are the features of the SAP Shared Service Framework with Central Finance? Note: There are 2 correct answers to this question.
- A. It centralizes all service-relevant transactional activities.
- B. It simplifies consolidations.
- C. It allows a comparative and harmonized view for corporate reporting.
- D. It is the service management platform for global business service organizations.
Answer: A,D
NEW QUESTION # 62
Which data is included in SAP Master Data Governance? Note: There are 2 correct answers to this question.
- A. Financials data: general ledger accounts, profit centers, and cost centers
- B. Material data: general data and units of measure
- C. Logistics data: sales orders, plants, and organization units such as sales and purchase organization
- D. Bank data: banks, house banks, and bank accounts
Answer: A,B
NEW QUESTION # 63
Which of the following features are provided by Application Interface Framework (AIF)? Note: There are 3 correct answers to this question.
- A. Field labels can be shown with customized text
- B. Messages can be assigned to SAP transaction codes
- C. Role-based overview for business users
- D. Message severity can be changed
- E. Data correction is possible for all fields
Answer: A,B,C
NEW QUESTION # 64
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.
- A. Credit Manager Portal
- B. Process Integration (PI)
- C. WebDynpro
- D. Web services
Answer: B,D
NEW QUESTION # 65
Which capability supports the continuous reconciliation between the sender and the Central Finance system? Note: There are 3 correct answers to this question.
- A. Reconcile using the RACCT_SENDER field in the ACDOCA table.
- B. Reconcile using the FI Balance Reconciliation report.
- C. Reconcile individually using the line item drill-down.
- D. Reconcile using the financial statement.
- E. Reconcile using the Intercompany reconciliation.
Answer: A,B,C
NEW QUESTION # 66
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Preparing for the SAP C-S4FCF-2021 exam requires a deep understanding of the SAP Central Finance module, and candidates can use a variety of resources to prepare for the exam. SAP offers official training courses, practice exams, and study materials to help candidates prepare for the exam. Additionally, there are many online resources available, such as blogs, forums, and study groups, where candidates can discuss topics, ask questions, and learn from others who have already passed the exam.
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