SAP C_S4CFI_2308 SAP Certified Application Associate - SAP S/4HANA Cloud public edition - Finance Exam Practice Test

A service order is a short-term agreement between a service provider and a service recipient with information relevant to the specific service process, such as the service date, location, duration, and price. A service order is not a confirmation, an outline agreement, or a long-term agreement. References:

The purpose of the Test Automation Tool is to perform actions in a simulated user interface on behalf of the assigned test user. The Test Automation Tool is a tool that allows you to execute predefined or custom test scripts for business process testing in your system. The Test Automation Tool does not provide information on your actual tenant configuration, the business app(s) to be used for testing, or populate business data for each test screen. You need to use other tools or apps for those tasks. References:

Direct connectivity is the technology that is used to integrate SAP S/4HANA Cloud with other SAP and non-SAP applications. Direct connectivity allows you to establish secure connections between SAP S/4HANA Cloud and other systems using HTTPS or RFC protocols. References:

A business user can do the following things with personal settings:

• Change the format of dates and numbers
• Change the order of columns in a table Personal settings allow business users to customize their user interface preferences according to their needs and preferences. Personal settings do not allow business users to merge two or more columns into a single column, modify the UI layout of the app, or create custom report output variants. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

The implementation consultant supports the customer during Fit-to-Standard workshops by performing the following activities:

• Demonstrate SAP Best Practices in the starter system
• Highlight gaps that require configuration or extensibility decisions The implementation consultant does not review current custom code in the customer system or show and explain all available self-service configuration UIs during Fit-to-Standard workshops. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/bf3d6e0c6f4740a09ed5d3c3981b8f1d.html

The activities that are completed in SAP Central Business Configuration are:

• Add extensions to standard processes
• Add customer-specific data within SAP Best Practices content SAP Central Business Configuration is a tool that allows you to configure and customize your SAP S/4HANA Cloud solution using predefined content and settings. You cannot use SAP Central Business Configuration to create customer-specific master data, activate countries not covered by SAP Best Practices, or create new business processes. References: https://help.sap.com/viewer/product/SAP_CENTRAL_BUSINESS_CONFIGURATION/latest/en-US

The “Confirm Scope and Organizational Structure is Completed” milestone triggers the installation of the Production system in the Implementation Project in SAP Central Business Configuration. The Production system is a permanent system that is used for running your live business operations after go-live. References:

You test the business processes in the Realize phase of the SAP Activate methodology. This phase involves performing business process testing in the Quality system using predefined test plans or custom test plans based on your business processes. References:

The operational document is the generated document that updates all accounting principles when you post an integrated asset acquisition with a supplier. The operational document contains the postings for all ledgers and accounting principles in a single document. The clearing document, the valuation document, and the controlling document do not update all accounting principles. References:

PaaS (Platform as a Service) is a cloud computing service that enables you to build and deploy applications. PaaS provides you with a cloud-based platform that includes tools and frameworks for developing, testing, and managing applications without having to manage the underlying infrastructure. References:

The maintenance functions of the financial statement version (FSV) with the “Manage Global Hierarchies” app are:

• Assign profit centers
• Create draft hierarchy versions You cannot use this app to create G/L account master data, assign semantic objects, or add new nodes to the FSV hierarchy. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/7e30637d0a0545f99f6a65242a44940d.html

Before sending cash flows to a SAP S/4HANA Cloud Treasury workstation, you need to complete the following customizing tasks on the sender system:

• Convert sender planning groups
• Activate Individual Source Applications You do not need to reassign company codes or rebuild flow types in accounting documents on the sender system for this purpose. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD_FOR_TREASURY_MANAGEMENT/latest/en-US

The options available for the bank account revision in SAP S / 4HANA Cloud are:

• Activate via dual control
• Activate directly You cannot activate a bank account via machine learning or automatically in SAP S / 4HANA Cloud. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/b6e2e2e06e4946ecad2ab27af385aa72.html

After approving a journal entry as a processor, you see the system has marked the posting as failed. To resolve this, you can correct the indicated errors in the original entry and post it. You do not need to ask the requester to correct or resubmit the entry, or create a new entry yourself. References:

One of the tasks that you can perform with SAP CoPilot is to share report outputs with colleagues in chat. SAP CoPilot is a digital assistant that allows you to collaborate with other users, access contextual information, and perform quick actions using natural language processing and machine learning. References:

Some of the responsibilities of a Customer Center of Expertise (CCOE) are:

• Determine KPIs that will support a continuous improvement mindset
• Reduce the total cost of ownership for IT
• Serve as a central contact for SAP and manage interactions with the SAP Service Center A CCOE is an organizational unit that provides support and governance for the customer’s SAP solution landscape. A CCOE does not conduct risk-based assessments to determine the value of activating new processes or ensure the resources necessary for the project’s success are available. These tasks are performed by other roles such as business process experts or project managers. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

The upload of the migration template fails due to the duplicated record at the Execute Import stage when you perform data migration using the SAP S/4HANA Migration Cockpit. The Execute Import stage is where you transfer data from staging tables to target tables in SAP S/4HANA Cloud, and any duplicate records would cause errors at this stage. The Convert Values, Validate Data, and Simulate Import stages do not fail due to duplicate records, as they only perform data transformation, validation, and simulation tasks without transferring data to target tables. References:

 To reconcile cash flows from intraday bank statements, you need to define the tolerance groups for cash flow reconciliation and perform the required settings for importing bank statements. Tolerance groups define the maximum allowed difference between cash flows from bank statements and clearing documents. Bank statement settings define how bank statements are imported into SAP S/4HANA Cloud. References:

You can perform the following actions with the Manage Trade Requests app on the SAP Cloud Platform:

• Select transaction rate
• Block requests You cannot use this app to create hedge requests or split requests. You need to use other apps such as Hedge Management Cockpit or Hedge Request Overview for those actions. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD_FOR_TREASURY_MANAGEMENT/latest/en-US

The 3 key components of the Intelligent Enterprise SAP offering are:

• Intelligent Technologies: These are technologies that enable advanced capabilities such as machine learning, blockchain, Internet of Things, etc.
• Intelligent Suite: This is a suite of integrated applications that cover core business processes such as ERP, CRM, SCM, etc.
• Digital Platform: This is a platform that provides services for data management, analytics, application development, integration, etc. References: https://www.sap.com/products/intelligent-enterprise.html

 If a customer needs detailed customization to the standard forms and email templates, you should propose to use the Output Management apps to customize a standard template. You can use these apps to modify elements of the form template, such as layout, content, logo, font, etc.

References:

You can download a .CSV file with the list of users in the Maintain Business Users app. This app allows you to manage the user accounts and authorizations for SAP S/4HANA Cloud. You can also use this app to upload a .CSV file with user data to create or update multiple users at once. References:

Business exception detection is one of the functions of SAP Financial Statement Insight that utilizes machine learning. Business exception detection is a feature that identifies and highlights unusual patterns or outliers in financial data based on machine learning algorithms. Visualization of account group performance, dynamic adaptation of hierarchical structures, and flexible comparisons across multiple characteristics are not functions that utilize machine learning. References:

The organizational entities that are required in SAP Central Business Configuration are defined by:

• The selected scope
• System consistency checks The selected scope determines the high-level functional areas and business processes that are relevant for your business scenario. System consistency checks ensure that the organizational entities are consistent with the system requirements and dependencies. The selected deployment target and added partner content do not define the organizational entities. References: https://help.sap.com/viewer/product/SAP_CENTRAL_BUSINESS_CONFIGURATION/latest/en-US

SAP Cash Application, External Billing, and SAP S/4HANA Cloud for Customer Payments are three consumer applications that are integrated out-of-the-box with the payment card process of SAP digital payments add-on. These applications allow you to accept and process payment card transactions from your customers using SAP digital payments add-on as a payment service provider. References:

You use the SAP Cloud SDK to develop your own cloud applications for SAP S/4HANA Cloud. The SAP Cloud SDK is a set of libraries, tools, and samples that allow you to build cloud-native applications using Java or JavaScript on top of SAP Business Technology Platform (SAP BTP). You can use the SAP Cloud SDK to extend existing applications or create new applications that integrate with SAP S/4HANA Cloud. References:

 You can use Data Actions to perform scripted calculations in your planning model on the SAP Analytics Cloud. Data Actions allow you to define complex calculations using formulas and scripts that can be triggered manually or automatically. References:

Some of the reasons you cannot remove a test process from a test plan are:

• Data binding exists with another process
• The test plan has already been executed These reasons prevent you from deleting a test process from a test plan because they would affect the integrity and validity of the test results. The test plan user not being created yet or the test process not being made visible do not prevent you from removing a test process from a test plan. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

Each cash journal must have a unique G/L account that represents the cash balance of the cash journal. The G/L account is used to post cash transactions to the general ledger. References:

You can enable a customer-specific field to be available for UIs and reports relevant for the same business context in the Custom Fields and Logic app. You can use this app to create custom fields and assign them to business contexts and UIs. References:

Fixed asset and business partner are two of the objects that must be available before legacy G/L account balances can be completely migrated in the SAP S/4HANA Cloud system. These objects are required to assign G/L account balances to fixed assets and business partners during data migration. References:

In the template-based migration approach, the maximum file size is:

• 160 MB per ZIP file
• 100 MB per XML file These are the limits for uploading files to the SAP S/4HANA Migration Cockpit using templates. There is no limit for ZIP or XML files per se, but only for the upload process. References: https://help.sap.com/viewer/product/SAP_S4HANA_MIGRATION_COCKPIT/latest/en-US

You can use SAP S/4HANA Cloud for Credit Integration for the following activities:

• Supplement internal customer data to better monitor a customer’s credit risk
• Import customer credit ratings from external credit rating agencies You cannot use SAP S/4HANA Cloud for Credit Integration to calculate a customer’s real-time credit limit based on a manual credit rating, notify an external credit agency about outstanding customer payments, or export customer credit ratings to external credit rating agencies. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD_FOR_CREDIT_INTEGRATION/latest/en-US

The Starter system is used in the Explore phase of the implementation project to demonstrate SAP Best Practices processes in a preconfigured system and identify customer personalization requirements. The Starter system is not used for configuration, testing, or demonstration of the customer’s personalized solution. References:

 Customers can scope pre-defined scenario bundles, scope extensions, and countries where business processes will run in SAP S/4HANA Cloud with Central Business Configuration (CBC). CBC does not support non-standard scenarios or public sector processes. References:

You use the business catalogs to provide users access to the apps relevant for their business functions. Business catalogs are collections of apps that are grouped by business roles or scenarios. You assign business catalogs to business roles to grant users access to the apps they need to perform their tasks. References:

Posting asset acquisition is one of the transactions that updates values in Profitability Analysis (CO-PA) reporting. This transaction records the acquisition cost of an asset as a primary cost in CO-PA. Other transactions that update CO-PA reporting are sales order, billing document, and production order settlement. References:

The account group controls the number range in which the new G/L account can be created when creating a new G/L account. The account group defines a four-digit numerical interval that determines which G/L account numbers can be assigned to accounts belonging to that group. References:

The steps for conducting automated business process testing are create a test plan, run the test, and correct and rerun failed test processes. You do not need to assess data management or create a test system for automated testing. References: