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Note! Following C_S4FCF_2021 Exam is Retired now. Please select the alternative replacement for your Exam Certification. The new exam code is C_S4FCF_2023

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SAP Certified Application Associate - Central Finance in SAP S/4HANA (SAP S/4HANA 2021) Questions and Answers

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Question 1

Which data is included in SAP Master Data Governance? Note: There are 2 correct answers to this question.

Options:

A.

Material data: general data and units of measure

B.

Bank data: banks, house banks, and bank accounts

C.

Financials data: general ledger accounts, profit centers, and cost centers

D.

Logistics data: sales orders, plants, and organization units such as sales and purchase organization

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Question 2

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.

Options:

A.

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

B.

SAP Master Data Governance is not mandatory for the Central Finance landscape.

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.

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

E.

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

Question 3

Which of the following functions are valid for initial load extraction of FI/CO postings?

Options:

A.

Initial load can be executed only for specific company codes.

B.

Migration clearing accounts are maintained for reconciliation accounts.

C.

The target system controls the open items to be extracted from the source system.

D.

The source system controls the period and fiscal year for balance extraction and document extraction.

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