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

According to the General Data Protection Regulation (GDPR) laws, SAP customers are considered data controllers when they use SAP cloud applications. A data controller is an entity that determines the purposes and means of processing personal data, such as an organization that uses cloud applications to collect and manage personal data of its employees or customers. A data processor is an entity that processes personal data on behalf of a data controller, such as a cloud service provider that hosts and maintains cloud applications for its customers. References: https://www.sap.com/products/s4hana-cloud/data-protection.html

Service Contract is one of the options for Contract Type. A Service Contract is a long-term agreement with a customer that defines the content and scope of services guaranteed within specific tolerance limits for certain parameters (e.g. predefined time frames). References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/9e9a7e16afef4cc0ad2ab27af385aa72.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

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

An implementation consultant supports the customer during Fit-to-Standard workshops by doing the following:

• Demonstrate SAP Best Practices in the starter system
• Highlight gaps that require decisions on configuration or extensibility The Fit-to-Standard workshop is a process where the customer validates the fit of their business requirements with the standard solution provided by SAP S/4HANA Cloud. The implementation consultant helps the customer understand how the standard solution works and identify any gaps that need to be addressed by configuration or extensibility options. The implementation consultant does not determine set up instructions for Customer-Driven Integrations, conduct end-user training on all active scope items, or create custom test scripts for testing scenarios. These tasks are performed by other roles such as integration experts, key users, or test managers. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

Some services that SAP delivers as part of RISE withSAP S/4HANACloud solution are:

• Release upgrade planning
• Business process configuration

RISE withSAP S / 4 HANACloudis an offering that provides customers with everything they need to transform their business withSAP S / 4 HANACloud , such as subscription licenses , implementation services , cloud infrastructure , embedded analytics , etc

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

Based on the SAP Activate methodology, you perform the following activities in the Explore phase:

• Define the organizational structure and chart of accounts
• Conduct the Fit-to-Standard analysis to identify fits and gaps The Explore phase is where you validate your business requirements against the standard solution provided by SAP S/4HANA Cloud. You define your organizational structure and chart of accounts using self-service configuration UIs or expert configuration tools. You conduct the Fit-to-Standard analysis using predefined test scripts or custom test plans. 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: https://help.sap.com/viewer/product/SAP_S4HANA_MIGRATION_COCKPIT/latest/en-US

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

You use the Maintain Business Partner app to migrate new bank data to SAP S/4 HANA. This app allows you to create and edit business partners such as customers and suppliers, and maintain their bank details such as bank accounts and bank keys. 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

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

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: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/0c7d0a8a9f9e4d1f9a0c3c8e1f6b3e2d.html

A resubmission in Collections & Dispute Management is a feature that provides a specific reason why a customer needs to be contacted again. A resubmission allows you to schedule a follow-up activity for a customer contact and specify the resubmission reason and date. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

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

Business users can create new analytics content by using one of the following methods:

• Create new data source via joins of standard data sources
• Create additional key figures in existing data sources
• Change existing data sources by adding filters Business users cannot create open core data services (CDS) views or change underlying database tables of standard data sources. These tasks require technical skills and access to development 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:

• 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

The changes that would prevent SAP from running automated business process tests on your behalf are:

• Configuration changes that impact the process flow
• Changes to the data input requirements (custom data fields) These changes would require manual adjustments to the test scripts or data sets to ensure that they match your customized solution. SAP-made changes to the standard test process or changes to the SAP S/4HANA Cloud release (upgrade) do not prevent SAP from running automated business process tests on your behalf, as they would be reflected in the predefined test content. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

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

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

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

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

The tools that are used during the Realize phase of an SAP S/4HANA Cloud deployment are:

• Test Tool
• SAP S/4HANA migration cockpit
• Manage Your Solution application The Test Tool is used to perform business process testing using predefined or custom test plans. The SAP S/4HANA migration cockpit is used to migrate master and transactional data from legacy systems to SAP S/4HANA Cloud. The Manage Your Solution application is used to configure and customize business processes using self-service configuration UIs or expert configuration. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

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

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: https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2105.500/en-US/6f7a1f0e6a3a4b2e8a7d0a2b1f2b6e3c.html

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

Some of the characteristics of the SAP S/4HANA Migration Cockpit are:

• Guidance and simulation of the migration process
• Mapping source values to SAP S/4HANA target values The SAP S/4HANA Migration Cockpit is a tool that allows you to migrate data from legacy systems to SAP S/4HANA Cloud using predefined migration content and settings. The SAP S/4HANA Migration Cockpit guides you through the migration process and allows you to simulate the data transfer before executing it. The SAP S/4HANA Migration Cockpit also allows you to map source values from legacy systems to target values in SAP S/4HANA Cloud using value mapping tables or rules. References: https://help.sap.com/viewer/product/SAP_S4HANA_MIGRATION_COCKPIT/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

When you build a communication scenario in SAP S/4HANA Cloud, you must create the following:

• Communication arrangement
• Communication API
• Communication system A communication arrangement is a configuration that defines how your system communicates with an external system using a specific communication scenario. A communication API is an application programming interface that allows you to access and exchange data between your system and an external system using standard protocols and formats. A communication system is a representation of an external system that contains information such as host name, port number, authentication method, etc. References: https://help.sap.com/viewer/product/SAP_S4HANA_CLOUD/latest/en-US

SAP Cloud Platform for customer payments is the application that provides the electronic bill presentment and payment capability. This application allows you to create and send electronic invoices to your customers and enable them to pay online using various payment methods. References: https://help.sap.com/viewer/product/SAP_CLOUD_PLATFORM_FOR_CUSTOMER_PAYMENTS/latest/en-US

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 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

Communication language is one of the details that are maintained on the General Data segment of the business partner for a supplier. Communication language determines the language used for correspondence with the supplier. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html