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

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: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

The transition scenario that fits a customer who is interested in moving to SAP S/4HANA Cloud, but is not ready for full process redesign is New Implementation. New Implementation is a scenario where you start with a fresh installation of SAP S/4HANA Cloud and migrate your data from your legacy system using predefined migration tools and content. This scenario allows you to adopt standard best practices with minimal customization and disruption. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/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

Analytics capabilities are built into SAP S/4HANA Cloud by being embedded in the same technical stack as the application. This means that analytics and transactions share the same data model, user interface, security model, etc., enabling real-time insights and actions without data replication or latency. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

The set of data migration objects available from the Migrate Your Data application depends on the selected business scenarios that are scoped for the implementation project. The source system, the customer legacy system, and the target fields do not determine the data migration objects. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/bf3d6e0c6f4740a09ed5d3c3981b8f1d.html

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: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/bf3d6e0c6f4740a09ed5d3c3981b8f1d.html

The activities that the expert configuration allows are:

• Creation of new process in customer owned area
• Customization through IMG outside self-service configuration UI tools You cannot use the expert configuration to adapt editable fields within SAP Best Practice content, delete SAP Best Practices content before Quality system activation, or add new SAP Best Practice business processes. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

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 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

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

Some of the benefits that can be harnessed when using the SAP digital payments add-on are:

• Predictable setup and operation costs
• Future proof payment methods The SAP digital payments add-on does not provide enhanced credit card number storage, unlimited number of Payment Service Providers, or intelligent data analytics as benefits. References: https://help.sap.com/viewer/product/SAP_DIGITAL_PAYMENTS_ADDON/latest/en-US

Collections Management, Credit Management, and Dispute Management are three tools that support your customer to reduce days sales outstanding. These tools allow you to monitor and manage your customer’s credit risk, payment behavior, and dispute cases effectively and efficiently. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.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

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

Some characteristics of SAP HANA Enterprise Cloud are:

• It is an Infrastructure as a Service (IaaS) plus managed services
• Services include provisioning, patching, and upgrading
• Customers can bring their own licensed SAP applications SAP HANA Enterprise Cloud is a private cloud service that offers dedicated infrastructure and managed services for running mission-critical applications such as SAP S/4HANA on top of SAP HANA database technology. References: https://www.sap.com/products/hana-enterprise-cloud.html

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 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 can perform budget availability control for projects and internal orders. Budget availability control allows you to monitor and control the budget consumption of these objects and prevent overspending. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

The following can be transported using the Software Collection apps in SAP S/4HANA Cloud:

• Custom business roles
• Custom business objects These are examples of custom content that you can create and transport using the Software Collection apps. You cannot transport variants and changes or migration projects using the Software Collection apps. You need to use other tools or apps for those tasks. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

Financial Accounting is the entity that deals with processing the bank account statement and journal entries for bank / credit card settlement accounts. Financial Accounting handles all transactions related to bank accounts and payments. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.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

The activities that are applied to the entire system and cannot be changed after confirmation are:

• Group currency
• Fiscal year variant These activities define the global settings for your system, such as the currency used for consolidation and reporting, and the fiscal year used for financial accounting. You cannot change these settings after confirming them in SAP Central Business Configuration. Scoping and configuration activities can be changed after confirmation using self-service configuration UIs or expert configuration tools. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

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

• Use the accrual engine
• Post a recurring entry
• Enter them manually You cannot use the Microsoft Excel upload or document parking to post accruals in SAP S / 4HANA Cloud. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

The Test Execution Service that drives automated business process testing in SAP S/4HANA Cloud is hosted on the Business Technology Platform. The Business Technology Platform is an open platform that provides services for data management, analytics, application development, integration, and more. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/bf3d6e0c6f4740a09ed5d3c3981b8f1d.html

 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: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/5a3c7e1a2a2f4d9dbd6e0a2b1f2b6e3c.html

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 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

When creating an account for costs of printing marketing materials, you should choose primary cost account as the account type. Primary cost accounts are used to record costs that are incurred directly by a cost object, such as materials or services purchased from external vendors. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

Settlement profile is one of the asset characteristics that controls if an asset is under construction. Settlement profile defines how an asset under construction is settled to other assets or cost objects when it is completed or partially completed. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/bf3d6e0c6f4740a09ed5d3c3981b8f1d.html

 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: https://help.sap.com/doc/00f68c2e08b941f081002fd3691d86a7/release/en-US/f2db0ee54bb94daeb2da059eaa538ac9.html

In a 2-tier ERP scenario, you can use the following integration technologies to integrate SAP S/4HANA with a subsidiary running on SAP S/4HANA Cloud:

• SAP Cloud Connector
• SAP Cloud Integration Automation Service SAP Cloud Connector is a tool that allows you to establish secure connections between SAP S/4HANA and SAP S/4HANA Cloud using cloud-to-on-premise integration scenarios. SAP Cloud Integration Automation Service is a tool that allows you to discover, configure, and deploy predefined integration content for connecting SAP S/4HANA and SAP S/4HANA Cloud. 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

Deposit at notice is a financial transaction that involves a repayment at the end of the contract with no interest payments made during the term. Deposit at notice is a type of money market transaction where one party deposits funds with another party for an indefinite period, subject to a notice period for withdrawal. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/b6e2e2e06e4946ecad2ab27af385aa72.html

The prerequisites for using the SAP Fiori Test Your Processes app are:

• SAP Best Practices are activated in the quality system
• The quality system is connected to the Test Execution Service on SAP Business Technology Platform You do not need to connect the productive system to the implementation landscape or upload the test scripts in the productive system for using the app. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/bf3d6e0c6f4740a09ed5d3c3981b8f1d.html

Based on the SAP Activate methodology, business process test and integration test are formal tests that must be documented during implementation. Business process test verifies that all business processes work as expected in the Quality system. Integration test verifies that all interfaces and integrations work as expected in the Quality system. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/bf3d6e0c6f4740a09ed5d3c3981b8f1d.html

You can use the View Browser app to get a list of all available analytical CDS views and their artifacts, such as query name, description, business area, etc. You can also use this app to display custom SAP views irrespective of draft or released status, but you cannot use it to create, edit, or delete CDS views, launch analytic cloud stories, or add business logic to queries. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/b6e2e2e06e4946ecad2ab27af385aa72.html