Prepare C-S4FCF-2021 Exam Questions [2024] Recently Updated Questions
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SAP C-S4FCF-2021 (SAP Certified Application Associate - Central Finance in SAP S/4HANA (SAP S/4HANA 2021)) Exam is a certification exam offered by SAP to test the knowledge and skills of professionals in the area of central finance in SAP S/4HANA. C-S4FCF-2021 exam is designed for application associates who are responsible for implementing and customizing SAP Central Finance in SAP S/4HANA. C-S4FCF-2021 exam validates the candidate's ability to understand the key concepts of central finance, including the architecture, master data, transactional data, and reporting capabilities.
SAP C-S4FCF-2021 certification exam is a challenging exam that requires a solid understanding of central finance in SAP S/4HANA. Candidates who pass the exam will have a strong foundation in central finance and be well-equipped to implement and use SAP S/4HANA Central Finance in their organizations.
NEW QUESTION # 48
Which tool must you use to view FI/CO initial load errors?
- A. Central Finance application log
- B. Migration cockpit
- C. SAP LT replication server cockpit
- D. SAP Application Interface Framework
Answer: D
NEW QUESTION # 49
A customer is preparing the Central Finance landscape. What are considerations for SLT deployment on existing source or target systems? Note: There are 3 correct answers to this question.
- A. SLT has direct access to any data in the source system.
- B. There is better replication performance because there is no network connection required to the Central Finance system.
- C. Other source systems that are connected to SLT have no impact on the performance and stability of the source system with deployed SLT.
- D. SLT deployed in the source system has direct access to any data in the Central Finance system.
- E. Upgrades and updates of the source system with deployed SLT impact the replication of other source systems.
Answer: A,B,D
NEW QUESTION # 50
You encounter an error during replication: General Ledger Account Master ID in field 'G/L Account' could not be mapped. Which transactions can you use to check the mapping? Note: There are 3 correct answers to this question.
- A. Define value mapping (code mapping - transaction CFINIMG -> Maintain Value Mapping)
- B. Manage G/L Account (transaction FS00)
- C. Manage Mappings (transaction FINS_CFIN_MAP_MANAGE)
- D. Manage Key Mapping (transaction MDG_KM_MAINTAIN)
- E. Search Key Mapping (transaction MDG_ANALYSE_IDM)
Answer: C,D,E
NEW QUESTION # 51
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.
- A. Central payments must be activated.
- B. Payment terms must be replicated.
- C. Source systems and Central Finance must use business partners.
- D. Replication of open items must be used.
Answer: B,D
NEW QUESTION # 52
You want to set up the Central Finance system. Note: There are 3 correct answers to this question.
- A. Assign the RFC destination in the source system.
- B. Configure decimal places for currencies.
- C. Set up the RFC destination for the source system.
- D. Assign the logical system for the central finance system.
- E. Configure ISO codes for currencies.
Answer: A,C,D
NEW QUESTION # 53
Which of the following are architecture components of the Project Replication scenario for Central Finance? Note: There are 3 correct answers to this question.
- A. SAP Process Integration (PI) Web service
- B. ALE/IDoc outbound and inbound
- C. SAP Master Data Governance (MDG)
- D. Application Interface Framework (AIF)
- E. SAP Landscape Transformation (SLT)
Answer: B,C,D
NEW QUESTION # 54
Which tool must you use to view FI/CO initial load errors?
- A. Central Finance application log
- B. SAP Application Interface Framework
- C. Migration cockpit
- D. SAP LT replication server cockpit
Answer: A
NEW QUESTION # 55
What are the prerequisites for SAP Landscape Transformation configuration before the initial load? Note:
There are 2 correct answers to this question.
- A. Create a technical user.
- B. Create database connections.
- C. Set up RFC destinations.
- D. Assign replication objects to the logical system.
Answer: A,C
NEW QUESTION # 56
Which mapping type automatically creates the necessary master data in Central Finance?
- A. Key mapping
- B. Complex mapping
- C. Value mapping
- D. Cost object mapping
Answer: D
NEW QUESTION # 57
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. Cost objects
- B. Material cost estimates
- C. WBS elements
- D. Master data elements
- E. Activity rates
Answer: A,C,D
NEW QUESTION # 58
Which of the following statements describes EC-PCA replication with Central Finance? Note: There are 2 correct answers to this question.
- A. Central Finance Mapping logic is applicable to EC-PCA document replication.
- B. Error Resolution for EC-PCA is carried out using Application Interface Framework.
- 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,C
NEW QUESTION # 59
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. SAP Master Data Governance as a master data hub has complete processes (governance and consolidation).
- B. Master data is distributed via SAP Master Data Governance to source and target systems.
- C. 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.
- D. SAP Master Data Governance is not mandatory for the Central Finance landscape.
- E. The Central Finance system must query key and value mapping information from the SAP Master Data Governance system.
Answer: A,B,D
NEW QUESTION # 60
What activities are typically performed by operational teams on a daily basis between the source system and the Central Finance system? Note: There are 3 correct answers to this question.
- A. Check AIF monitor
- B. Payment methods
- C. Authorization updates
- D. Internal order mapping
- E. Exchange rates
Answer: A,C,E
NEW QUESTION # 61
What are the additional replication capabilities of SLT for Central Finance? Note: There are 2 correct answers to this question.
- A. Ad-hoc data replication
- B. Scheduled data replication
- C. Delta capturing
- D. Parallel data replication
Answer: B,C
NEW QUESTION # 62
What are the advantages of SLT deployment on a separate instance? Note: There are 3 correct answers to this question.
- A. Other integration scenarios besides Central Finance are possible.
- B. Other systems can be connected without impact on source and Central Finance systems.
- C. SLT has direct access to source and Central Finance systems.
- D. No RFC connection is required to source and Central Finance systems.
- E. There is no impact from update of source and Central Finance systems.
Answer: B,C,E
NEW QUESTION # 63
What is the purpose of a change request in SAP Master Data Governance? Note: There are 2 correct answers to this question.
- A. It replicates master data to maintenance systems.
- B. It acts as a container for new and changed master data.
- C. It defines and controls the process flow according to the defined change request type.
- D. It transports changed customizing settings.
Answer: A,B
NEW QUESTION # 64
Which activities must you complete before you can activate real-time replication? Note: There are 2 correct answers to this question.
- A. Configure the Application Interface Framework.
- B. Delete the extract of the initial load data.
- C. Configure the VCFIN_SOURCE_SET view in the corresponding source systems.
- D. Correct all errors associated with the initial load.
Answer: A,C
NEW QUESTION # 65
You want to maintain the mapping of the cost object internal order. In which system do you maintain the mapping?
- A. SAP Master Data Governance system
- B. Source system
- C. Central Finance system
- D. SAP Landscape Transformation (SLT)
Answer: C
NEW QUESTION # 66
Which actions are performed by a Functional FI/CO key user in a Central Finance Project? Note: There are 3 correct answers to this question.
- A. Assign security roles and authorizations to end users
- B. Create incidents
- C. Design blueprints
- D. User acceptance testing
- E. Participate in training
Answer: A,D,E
NEW QUESTION # 67
What type of checks does the MDG Mapping Tool perform when uploading mapping entries? Note: There are 2 correct answers to this question.
- A. Existence of 1:n mappings
- B. Validation of mapping action
- C. Mapping completeness
- D. Availability of duplicates
Answer: A,D
NEW QUESTION # 68
Which of the following are architecture components of the Project Replication scenario for Central Finance?
Note: There are 3 correct answers to this question.
- A. SAP Process Integration (PI) Web service
- B. ALE/IDoc outbound and inbound
- C. SAP Master Data Governance (MDG)
- D. Application Interface Framework (AIF)
- E. SAP Landscape Transformation (SLT)
Answer: B,C,D
NEW QUESTION # 69
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?
- A. SAP Master Data Governance system
- B. Target system
- C. Source system
- D. SAP Landscape Transformation (SLT)
Answer: A,B
NEW QUESTION # 70
SAP Master Data Governance is installed in a Central Finance landscape. What are the main features? Note: There are 3 correct answers to this question.
- A. It is used to maintain and perform business mapping.
- B. It can be deployed in the Central Finance system or as a master data hub.
- C. It provides distribution of key and value mapping from the SAP ERP source system to Central Finance.
- D. It only provides consolidation for business partners, customers, and vendors.
- E. It provides central creation, change, and distribution of master data.
Answer: B,C,E
NEW QUESTION # 71
You prepare the FI/CO initial load. For which type of accounts must you create a substitution account?
- A. Tax accounts
- B. Non-operating expense or income accounts
- C. Open item managed accounts
- D. Asset reconciliation accounts
Answer: D
NEW QUESTION # 72
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