C_S4CFI_2308 SAP Certified Application Associate - SAP S/4HANA Cloud public edition - Finance Questions and Answers

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: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

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: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/9e9a7e16afef4cc0ad2ab27af385aa72.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: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

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

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 activities that you can perform when you use general ledger accounting in SAP S/4 HANA Cloud are:

• Display general ledger items, documents and good balances
• Carry out recurring entries You cannot post to the financial statement version or release blocked sales orders using general ledger accounting in SAP S / 4HANA Cloud. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

When a customer has a cloud-centric landscape, you should use the following technologies to integrate SAP S/4HANA Cloud with another SAP Cloud solution:

• SAP Cloud Connector
• Predelivery APIs SAP Cloud Connector is a tool that allows you to establish secure connections between SAP S/4HANA Cloud and other SAP Cloud solutions using cloud-to-on-premise integration scenarios. Predelivery APIs are application programming interfaces that allow you to access and exchange data between SAP S/4HANA Cloud and other SAP Cloud solutions using standard protocols and formats. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

SAP Cash Application uses historical data from electronic bank statements and payment advices to train the machine learning model. The model learns from the past clearing patterns and applies them to new incoming payments. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/9e9a7e16afef4cc0ad2ab27af385aa72.html

You can do the following things with the Manage Your Test Processes SAP Fiori app:

• Create a test user
• Assign a test role The Manage Your Test Processes app allows you to manage your test plans, test processes, test users, and test roles for business process testing in your system. You cannot use this app to define test plan variants, record new actions, or execute test plans. You need to use other apps such as Test Your Processes or Test Tool for those tasks. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

Cumulative acquisition values in all currencies is one of the data that is entered in the asset migration file for each asset master record. This data represents the total acquisition value of an asset in local currency, group currency, global company currency, and transaction currency. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/bf3d6e0c6f4740a09ed5d3c3981b8f1d.html

You use the Cloud ABAP Web Editor to change or add business rules and business logic in the key user extensibility scenario. The Cloud ABAP Web Editor is a tool that allows you to create and edit custom business objects, custom CDS views, custom code lists, and custom logic using ABAP in SAP S/4HANA Cloud. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/b6e2e2e06e4946ecad2ab27af385aa72.html

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: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/7e30637d0a0545f99f6a65242a44940d.html

The journal entry type controls the types of accounts allowed to be posted to. For example, journal entry type AA allows posting to asset accounts, journal entry type SA allows posting to G/L accounts, and journal entry type AB allows posting to both asset and G/L accounts. The journal entry type does not control the ledgers updated, the transaction currency types allowed, or whether a posting posts a debit or credit value. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

A letter of credit is an instrument that you can apply for as a buyer of goods to secure the transaction. A letter of credit is a type of trade finance transaction where a bank guarantees payment to a seller on behalf of a buyer, subject to certain conditions being met. Commercial paper, bank guarantee, and zero-coupon bond are not instruments that you can apply for as a buyer of goods. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/b6e2e2e06e4946ecad2ab27af385aa72.html

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: https://help.sap.com/viewer/product/SAP_S4HANA_MIGRATION_COCKPIT/latest/en-US

You can update the address details of an employee manually in the employee master record in SAP SuccessFactors. SAP SuccessFactors is the leading system for employee data and address details are part of the employee master data. You cannot update address details in the business partner master record, the supplier master record, or the user master record in SAP S/4HANA Cloud. References: https://help.sap.com/viewer/product/SAP_SUCCESSFACTORS_EMPLOYEE_CENTRAL/latest/en-US

You would use Read Access Logging (RAL) to determine if a business user accessed a business partner’s personal data. RAL is a tool that allows you to monitor and log read access to sensitive data in your system, such as personal data of customers or employees. RAL helps you comply with data protection regulations and audit requirements. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

In the Organizational Structure app in SAP Central Business Configuration, you can add the following entities under the Company root node:

• Sales Organization
• Purchasing Organization These entities represent organizational units that are responsible for selling or procuring products or services. Division and Plant are not entities that can be added under the Company root node, but under other nodes such as Sales Organization or Company Code. References: https://help.sap.com/viewer/product/SAP_CENTRAL_BUSINESS_CONFIGURATION/latest/en-US

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: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

You perform the goods and invoice receipts reconciliation process when an invoice is posted, but no goods receipt has been received. This process allows you to compare the invoice amount with the purchase order amount and identify any discrepancies or missing goods receipts. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

You can add relationships in the organizational structure in SAP Central Business Configuration after content activation and before defining the primary finance settings. Content activation is required to create an initial organizational structure based on your selected scope items. Primary finance settings are required to finalize your organizational structure and assign company codes. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/bf3d6e0c6f4740a09ed5d3c3981b8f1d.html

Defining specifications for data extraction on legacy system is one of the activities that you perform during the data load preparation. This activity involves defining the source fields, mapping rules, and transformation rules for each data migration object. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/bf3d6e0c6f4740a09ed5d3c3981b8f1d.html

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: https://help.sap.com/viewer/product/SAP_FINANCIAL_STATEMENT_INSIGHT/latest/en-US

You can post accruals in SAP S/4HANA Cloud by using one of the following methods:

• Post them as manual journal entries
• Transfer Purchase Orders into the Accrual Engine You cannot use Commitments by Cost Center or Intelligent GR/IR Reconciliation to post accruals in SAP S / 4HANA Cloud. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

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: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

The customizing activities that are allowed through the self-service configuration UI are:

• Addition of new custom fields within SAP Best Practices content
• Adaptation of fields within SAP Best Practices content You cannot use the self-service configuration UI to add new SAP Best Practices business processes, delete SAP Best Practices content, or customize through IMG outside self-service configuration UI tools. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

You can migrate data to SAP S/4HANA Cloud, public edition by using one of the following methods:

• File templates
• Core Data Services File templates are predefined Excel files that allow you to enter and upload data to staging tables in SAP S/4HANA Cloud using the SAP S/4HANA Migration Cockpit. Core Data Services are data models that allow you to access and manipulate data in SAP S/4HANA Cloud using SQL statements or ABAP code. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

You assign the cash management flow types to liquidity items when you configure cash operations. Liquidity items are categories that classify cash flows based on their sources and uses. Cash management flow types are attributes that define the nature and direction of cash flows for different transactions. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

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: https://help.sap.com/viewer/product/SAP_DIGITAL_PAYMENTS_ADDON/latest/en-US

The test process types that are available in the Manage Your Test Processes app are:

• Post-upgrade
• Regression
• Custom These test process types represent different testing scenarios that you can perform using predefined or custom test plans. Integration and Standard are not test process types available in the app. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

You can use SAP Analytics Cloud for liquidity planning in SAP S/4HANA Cloud. SAP Analytics Cloud is a cloud-based solution that combines business intelligence, planning, and predictive analytics capabilities. You can use SAP Analytics Cloud to create and manage liquidity plans based on your financial data. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

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: https://help.sap.com/viewer/product/SAP_CENTRAL_BUSINESS_CONFIGURATION/latest/en-US

You use the SAP Best Practices Explorer to run the SAP Cloud Integration Automation Service for SAP S/4HANA Cloud. The SAP Best Practices Explorer is a web-based tool that allows you to discover and consume predefined integration content for connecting SAP S/4HANA Cloud with other SAP Cloud solutions. The SAP Cloud Integration Automation Service is a tool that allows you to discover, configure, and deploy predefined integration content for connecting SAP S/4HANA Cloud with other SAP Cloud solutions. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

You can configure journal entry substitution rules with the following substitution types: substitute with field value, substitute with formula value, and substitute with constant value. You cannot clear field value or substitute with previous value as substitution types. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

You can perform the following actions on a bank account that is saved with status “Inactive”:

• Close the Bank Account
• Delete the Bank Account You cannot revert to active or activate a bank account that is inactive. You need to create a new bank account with status “Active” instead. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/b6e2e2e06e4946ecad2ab27af385aa72.html

You can perform the following tasks from the Display Technical Users app:

• Change the username and password of a print user
• Upload a certificate for a communication user The Display Technical Users app allows you to view and maintain technical users in your system, such as print users or communication users. You cannot use this app to assign and unassign users to user groups, lock and unlock the initial user account that is delivered with the new system, or create new technical users. You need to use other apps or tools for those tasks. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US