WorksheetsC_S4CFI_2202 - SAP S/4HANA Cloud – Finance Implementation
Total questions: 141
Worksheet time: 1hrs 11mins
Name
Class
Date
1.
Which asset characteristic controls if an asset is under construction?
a)
Depreciation key
b)
Settlement profile
c)
Asset class
d)
Capitalization date
2.
What determines the set of data migration objects available from the Migrate Your Data application?
a)
The selected business scenarios
b)
The selected source system
c)
The customer legacy system
d)
The selected target fields
3.
The credit profile is used to store which information in the customer master data? (Choose two.)
a)
The credit exposure
b)
The credit decisions
c)
The scoring rules
d)
The customer credit group
4.
What does the journal entry type control?
a)
The transaction currency types allowed to be posted
b)
The types of accounts allowed to be posted to
c)
The ledgers updated by the posting values
d)
Whether a posting posts a debit or credit value
5.
What are the 3 key components of the Intelligent Enterprise SAP offering? (Choose three.)
a)
Intelligent Data Analytics
b)
Intelligent Technologies
c)
Intelligent Suite
d)
Digital Platform
e)
Intelligent Enterprise Architecture
6.
According to the SAP Activate methodology, in which phase are the scope item Fit-to-Standard workshops executed?
a)
Prepare
b)
Realize
c)
Deploy
d)
Explore
7.
Which data is generated when you activate a business role in identity and access management?
a)
Default values
b)
Business catalogs
c)
PFCG roles
d)
Business groups
8.
Where do you activate SAP Best Practice processes in your quality system?
a)
SAP Best Practices Explorer
b)
SAP Solution Builder
c)
SAP S/4HANA Cloud Manage Your Solution app
d)
SAP Central Business Configuration
9.
What capabilities are available in SAP Central Business Configuration? Note: There are 2 correct answers to this question.
a)
Provision the quality and production system
b)
Deploy the solution scope
c)
Maintan Business Users
d)
Migrate data
10.
Which business objects were initially released as part of the SAP One Domain Model
Note: There are 2 correct answers to this question
a)
Bank
b)
Workforce person
c)
Cost center
d)
Material
11.
How is the technical clearing account used during integrated asset acquisitions?
a)
It is debited with the amount posted to the supplier in the valuation documents.
b)
It is credited with the amount posted to the asset in the valuation documents.
c)
It is credited with the amount posted to the asset in the operational document.
d)
It is debited with the amount posted to the supplier in the operational document.
12.
Which action can a trader perform with the trading platform integration in the SAP Cloud Platform?
Note: There are 2 correct answers to this question.
a)
Release hedge requests from the backend system
b)
Split a trade request into several new trade requests
c)
Edit trades to add missing information
d)
Create cash requests with trading platform profile
e)
Create cash requests with trading platform profile
13.
What must be defined in SAP Central Business Configuration prior to creating the organizational structure?
Note: There are 2 correct answers to this question.
a)
Fiscal year variant
b)
Group currency
c)
Chart of accounts
d)
Leading ledger
14.
You define a segment in the Manage your Solution app.
What must you assign it to?
a)
Ledgers
b)
Profit centers
c)
Cost centers
d)
General ledger accounts
15.
Which of the following are hallmarks of successful cloud offerings?
a)
Accelerated Innovation Cycles
b)
Best Practices for Industries and Countries
c)
Fully Customizable
d)
Solutions
Reliable Data Centers
e)
A Modern Growth Platform
16.
Determine whether this statement is True or False.
All Customer Personalization done via Self-Service Configuration Uis (SSCUIs) and Expert Configuration is stored separately from SAP
Best Practice content.
a)
True
b)
False
17.
Your customer wants to know what kind of management can be performed for SAP Fiori business catalogs. Which of the following is
True for these?
a)
They can be changed as per the customer needs.
b)
They are delivered pre-configured and can’t be changed.
c)
They are assigned to users via the PFCG transaction
18.
Situation Handling supports object-based and event-based situations.
a)
True
b)
False
19.
Object-based situations refer to warning and error messages occurring in system runs or reports.
a)
True
b)
False
20.
What are core areas of the financial portfolio?
a)
Financial planning and analysis
b)
Treasury management
c)
Operational Purchasing
d)
Governance, risk and compliance
e)
Inventory Management
21.
Match the process tasks to the solutions.
a)
Finance Operations - Compare Cost Center Plan values to Actuals
b)
Accounting and Financial Close - Manage Dispute Cases
c)
Financial Planning and Analysis - Perform Hedge Accounting
d)
Treasury Management - Perform Hedge Accounting
22.
To use hybrid ERP scenarios you must configure a central finance system.
a)
True
b)
False
23.
Which applications in RISE with SAP S/4HANA Cloud are replaced by SAP Central Business Configuration?
a)
Migrate Your Data
b)
Manage Your Solution
c)
Test Your Processes
d)
Configure Your Solution
24.
In which phase does the configuration of current settings occur?
a)
Scope and Organizational Structure
b)
Product specific configuration
c)
Production system setting
25.
What are some SAP solutions that are integrated with SAP S/4HANA Cloud to support the Recruit to Retire Intelligent Enterprise
process?
a)
SAP SuccessFactors
b)
SAP C/4HANA
c)
SAP Concur
d)
SAP Asset Intelligence Network
e)
SAP Fieldglass
26.
What are some characteristics of the SAP Master Data Integration service?
a)
It is structured as a point-to-point integration
b)
It is structured as a hub-and-spoke integration
c)
It acts as a MOM (Message Oriented Middleware)
d)
It creates a "spaghetti" architecture
27.
What are some methods of populating employee data in SAP S/4HANA Cloud?
a)
CSV file upload via Import Employees Fiori app
b)
Migration via Workforce Persons migration object
c)
Integration with SuccessFactors Employee Central
d)
XML file import via Role Maintenance app
e)
Replication via SOAP APIs
28.
Which of the following SAP Best Practice business processes are required to complete the new integration based on the SAP ONE
Domain Model between SAP S/4HANA Cloud and SAP SuccessFactors Employee Central?
a)
Workforce Management with SAP Master Data Integration (4AF)
b)
Core HR with SAP SuccessFactors Employee Central (JBl)
c)
Employee Integration - SAP S/4HANA Enablement (1FD)
□
d)
Financial Master Data for SAP SuccessFactors Employee Central (4AJ)
29.
It is not possible to change the chart of accounts in SAP S/4HANA Cloud. You use the one provided with best practices.
a)
True
b)
False
30.
Using intermediate accounts for bank transactions is optional
a)
True
b)
False
31.
It is possible to run several cash journals for one company code.
a)
True
b)
False
32.
Saving the transactions in the cash journal will immediately post them to the universal journal.
a)
True
b)
False
33.
You are creating a new business transaction for taxi invoices in the cash journal. What kind of business transaction category do you
use?
a)
E-(Expense)
b)
R • (Revenue)
c)
G/L Account
34.
Segments are defined in Customizing and assigned to in their master records.
a)
G/L Accounts
b)
Cost Centers
c)
Profit Centers
d)
Ledgers
35.
Before migrating balances, you must have already migrated the cost centers for each company code
a)
True
b)
False
36.
A tolerance group for G/L accounts is used to set a maximum amount that you can post to the G/L account.
a)
True
b)
False
37.
When you enter accounting documents the status of the fields on the line items depend on the posting key of the line item and the field
status variant assigned to the account that you are using.
a)
True
b)
False
38.
When a line item is posted to a subledger account, the field status group assigned to the business partner is used.
a)
True
b)
False
39.
Document types are created at company code level.
a)
True
b)
False
40.
A number range can be assigned to several document types.
a)
True
b)
False
41.
On which level can you differentiate the account assignment determination when you want to define default account assignment?
a)
Segment
b)
Business Partner
c)
Profit Center
d)
Ledger
42.
In the SAP S/4HANA cloud system, you create a business partner in one of three categories. Amongst which categories can you make
your selection?
a)
Community
b)
Group
c)
Person
d)
Organization
e)
Government
43.
Which of the following details are maintained on the General Data segment of the business partner for a supplier?
a)
Payment Terms
b)
Tolerance Group
c)
Communication Language
d)
Reconciliation Account
44.
Supplier invoices must always reference a valid purchase order.
a)
True
b)
False
45.
Which configuration applications are available in the Manage Your Solution app SAP S/4HANA for Accounts Payable?
a)
Create Special G/L Indicators
b)
Payment Terms
c)
Blocking Reasons
d)
Tolerances for Suppliers
46.
For accounts payable, which kind of data do you migrate from a legacy system?
a)
Payment Documents
b)
Open Items
c)
Supplier Payment Statistics
d)
Clearing Documents
47.
How many cash discount periods can be entered in the terms of payment?
a)
5
b)
3
c)
2
d)
8
48.
The baseline date is the starting date that the application uses to calculate the invoice due date.
a)
True
b)
False
49.
With installment payments you can specify whether an invoice amount is to be divided into partial amounts with different due dates.
a)
True
b)
False
50.
What do you use when you want to close an open item with a payment, even if the payment isn’t for the full amount of the open item?
a)
Post on Account
b)
Residual Item
c)
Post to G/L Account
d)
Partial Payment
51.
Generating and revising the dunning proposal are required steps in the dunning process.
a)
True
b)
False
52.
When executing foreign currency valuation, you enter the ledger value to indicate the accounting principle for which you are running the
valuation.
a)
True
b)
False
53.
With SAP S/4HAN A Cloud, you need to align your customer payment terms with the default terms provided in the best practices
package.
a)
True
b)
False
54.
You download the accounts receivable open item migration templates from the Best Practices Explorer website.
a)
True
b)
False
55.
When you define a tolerance group for employees, you can specify the maximum amount that a user is allowed to post.
a)
True
b)
False
56.
When defining a tolerance group for customers you can only define a fixed payment term in case of residual item creation.
a)
True
b)
False
57.
In a dunning procedure you can define the days in arrears after which a dunning notice will be sent.
a)
True
b)
False
58.
The corresponding credit segment data is used for credit checking when the order is created and on delivery within a company area.
a)
True
b)
False
59.
The Advanced Credit Management is part of the overall sales cycle that ranges from sales, shipping, credit management through
receivables processing.
a)
True
b)
False
60.
Blocking reasons for SAP Credit Management can be defined according to customer requirements.
a)
True
b)
False
61.
Which data is migrated by the migration template Credit Management data is the Customer - extend existing record by Credit
Management data?
a)
Credit Case Information
b)
Credit Limit Utilization Information
c)
Sales Order Data
d)
Credit Segment Data
62.
All of the connected credit agencies offer the exact same range of services.
a)
True
b)
False
63.
Which element establishes a one-to-one relationship between the business partner and the company listed in the credit agency.
a)
Business Partner Number
b)
Company ID
c)
Customer Identification
d)
Industry Code
64.
The Monitoring functionality enables you to receive automatic updates about the credit worthiness of your business partners.
a)
True
b)
False
65.
A promise to pay defines a specific reason why a customer needs to be contacted again.
a)
True
b)
False
66.
Correspondence can be created automatically without user interaction for events such as dispute case creation or closure.
a)
True
b)
False
67.
Which of the following tasks can be performed with the Process Receivable app?
a)
View overall status of customer receivables, such as invoice details.
b)
Check incoming emails of company's Dispute Hotline.
c)
Display the aging of the receivables in a due date grid.
d)
Enter reason and assign processor to dispute cases
68.
What are the outcomes of the Business Model Innovation driven by the Digital Economy?
a)
The distributor plays a new vital role in commerce.
b)
Companies are moving away from products to services and outcomes.
c)
Digital e-commerce is on the rise.
d)
Platform Business is managed best by only a single company.
69.
The two product types available in SAP Hybris Revenue Cloud are subscription products and one-time products.
a)
True
b)
False
70.
Which of the following usage-based charges are available in SAP Hybris Revenue Cloud?
a)
Volume Pricing
b)
Shared Pricing
c)
Batch Pricing
d)
Tiered Pricing
71.
The invoice correction process can be assigned to which of the following levels?
a)
Invoice level
b)
Vendor level
c)
Billable item
d)
Invoice Item
72.
A request for a credit/debit memo which has been discarded cannot be processed again and the rejection is final.
a)
True
b)
False
73.
SAP S/4HANA Cloud for contract accounting and invoicing is made for high-volume billing and invoicing for consumption-based
services.
a)
True
b)
False
74.
Consumption billing and invoicing consolidates service pricing from multiple sources to produce easily understandable invoices that
drive loyalty.
a)
True
b)
False
75.
Which of the following are item types of a billing plan?
a)
Billable items
b)
Invoice items
c)
Plan items
d)
Reference items
76.
Using billing plans in Convergent Invoicing, you define for a customer when and how frequently an amount is invoiced.
a)
True
b)
False
77.
SAP Fiori Analytical Apps for the Convergent Invoicing Manager allows you to analyze billed and unbilled items. Which of the following
dimensions does it have?
a)
Amount
b)
Business Partner
c)
Billable item types
d)
House Bank
78.
Through the tile settings you can define the display currency, the number of intervals and how such a interval is defined.
a)
True
b)
False
79.
Closing the reconciliation keys is one of the main things to be done at the Day-End Closing.
a)
True
b)
False
80.
The payment card process requires Contract Accounting, but no further integration.
a)
True
b)
False
81.
Which of the following entities deals with processing the bank account statement and journal entries for bank / credit card settlement
accounts?
a)
SAP Digital Payments add-on
b)
Financial Accounting
|
c)
Contract Accounting
: _
d)
Point of Sale Systems
82.
Payments that could not be processed by the bank are returned. They are introduced to the system by creating returns lots.
a)
True
b)
False
83.
One of the most common bank statement formats is the SWIFT Communication standard MT101.
a)
True
b)
False
84.
Which of the following write-off reasons is correct if you want to define one that can only be used for writing off items manually?
a)
Empty
b)
1
c)
2
d)
3
85.
Contract Accounts Receivables and Payable only supports non-notified factoring.
a)
True
b)
False
86.
Posting periods are closed at the end of the month with the tile Manage Posting Periods. This means that in contract accounting no
postings for the previous periods can be created.
a)
True
b)
False
87.
In Contract Accounts Receivable and Payable (FI-CA), the system assigns a sequential document number to documents posted within a
given client in a system.
a)
True
b)
False
88.
With SAP Fiori Analytical Apps in Contract Accounts Receivable and Payable you can create worklists for your colleagues to perform
further checks and resolve the detected problems.
a)
True
b)
False
89.
With the Fiori application My Open Worklists, you display the results of all open worklists and their corresponding items from other apps
such as Analyze Overdue Items.
a)
True
b)
False
90.
Which of the following roles the must be assigned to the Business Partner for the Contract Accounting processes?
a)
Counter Party (TR0151)
b)
Contract Partner (MKK)
c)
Customer (FLCU01)
d)
Supplier (FLVNO1)
91.
Each contract account is assigned to one business partner at creation.
a)
True
b)
False
92.
Which of the following activities can be performed for a particular credit item with the tile Clarify Credit?
a)
Transfer: System creates a repayment request for the credit(s)
b)
Payment: System creates a payment specification for the credit(s)
c)
Delete: System deletes all credit items from the credit list
d)
Writing Off: System writes off the credit(s)
e)
Dispute: System creates a dispute case for a credit
93.
Which configuration parameters must be set if you choose to Dun by Collection Strategy?
a)
Collection Strategy
b)
Collection Step
c)
Business Partner Creditworthiness
d)
Dunning Activities
94.
What objects are managed by the chart of depreciation?
a)
The general ledger accounts
b)
The depreciation areas
c)
The asset classes
d)
The transaction types
95.
In the SAP S/4HANA cloud solution, you can create new depreciation areas in the guided configuration.
a)
True
b)
False
96.
For which of the following reasons do you have separate asset classes?
a)
To support low-value asset acquisitions
b)
To monitor assets under construction
c)
To track the location of the asset
d)
To control the supplier of the asset
97.
What do you enter to start creating a new asset master record?
a)
Another relevant asset
b)
The relevant asset GL account
c)
The relevant asset class
d)
The relevant depreciation areas.
98.
What is the main distinguishing characteristic of the various asset postings?
a)
Asset Class
b)
Posting Key
c)
GL Account
d)
Transaction Type
99.
You can create an asset in the same transaction you post a non-integrated asset acquisition.
a)
True
b)
False
100.
Which programs are executed as steps of the asset accounting year-end closing?
a)
Balance carryforward
b)
Year-end closing
c)
Depreciation Posting
d)
FI-AA/FI-GL Reconciliation
101.
You can manage assets under construction directly with a final asset, as long as the depreciation calculation is switched off.
a)
True
b)
False
102.
You enter cumulative values for all the valid parallel currency depreciation areas in the Microsoft Excel upload file.
a)
True
b)
False
103.
In the Microsoft Excel template, which fields must always be maintained?
a)
Counter Party (TR0151)
b)
Contract Partner (MKK)
c)
Customer (FLCU01)
d)
Supplier (FLVNO1)
104.
What can you define in an asset class?
a)
Number range
b)
Screen layout rule
c)
Cost centent
d)
Reconciliation account
105.
When posting intercompany transactions, the system keeps a separate intercompany journal entry assigned to both company codes.
a)
True
b)
False
106.
When reversing a cross-company journal entry, you have to make sure to manually reverse it in both company codes.
a)
True
b)
False
107.
Where do you perform task modelling?
a)
SAP Customer Data Cloud
b)
Source SAP ERP
c)
SAP Process Integration
d)
Communication System
108.
When do you generate executable Task Lists?
a)
Tasks are fully scheduled
b)
Task List Template is fully maintained
c)
Task dependencies are defined
d)
SOX compliance is verified
109.
Which of the following describes the SAP S/4HANA Finance for group reporting (GR) on premise solution?
a)
It runs on the SAP Business Warehouse (BW) platform and uses BW queries.
b)
It is completely integrated into the SAP S/4HANA core.
c)
It is implemented in a SAP S/4HANA landscape but can access data from external sources.
d)
It uses SAP Analysis for Microsoft Office and SAP Fiori for reporting.
110.
Which of the following describes consolidation tasks?
a)
Manual postings can be used for posting levels 10, 20. and 30.
b)
Bundling is not allowed.
c)
Tasks can be scheduled.
d)
Global parameters are used to set the data region when using the data and consolidation monitors.
111.
Which of the following challenges companies face with an increase in the number of mergers and acquisitions?
a)
A disrupted visibility of the reconciliation process between legal entities and subsidiaries
b)
An increased communication between legal entities and subsidiaries which makes it challenging to maintain data security between the legal entities and subsidiaries
c)
A lack of transparency between legal entities and subsidiaries which makes it complicated to reconcile intercompany transactions between the legal entities and subsidiaries
112.
When defining a new company code in SAP S/4HANA Cloud, you must define the controlling area it is assigned to also.
a)
True
b)
False
113.
Which of the following allocation cycle types is supported in SAP S/4HAN A Cloud for cost centers?
a)
Distribution
b)
Assessment
c)
Periodic Reposting
d)
Settlement
114.
You can create hierarchies and structures within the Financial Statement Insights app or use those predefined in standard groups and
hierarchies.
a)
True
b)
False
115.
The Business Exception Detection uses machine learning capabilities to detect unusual business values and to compare the actual
values against the expected values.
a)
True
b)
False
116.
Which values can be displayed with the Timeline view in SAP RealSpend?
a)
Actual Costs
b)
Committed Costs
c)
Approved Costs
d)
Planned Costs
117.
To plan data for a market segment, you upload a worksheet file with a specific template.
a)
True
b)
False
118.
Which of the following characteristics can be changed during a realignment run?
a)
Profit Center
b)
Plant
c)
Customer Group
d)
Project
119.
Which of the following scenarios does Event-Based Revenue Recognition cover?
a)
Projects
b)
Production orders
c)
Cost centers
d)
Sales orders
120.
The system adds line items to the source document for revenue recognition.
a)
True
b)
False
121.
You can generate settlement rules for projects periodically, as part of period-end closing to manage complex projects.
a)
True
b)
False
122.
Which of the following options is a Contract Type?
a)
Machinery
b)
Vehicles
c)
Computer
d)
Service Contract
123.
A sublease is a lease agreement between a lessee who already holds a lease contract and another party called the sublessee who wants
to use of the object of the original lease contract.
a)
True
b)
False
124.
The Contract and Lease Management Dashboard shows detailed information on the Number of Contracts or the Net Value of Contracts
per Partner.
a)
True
b)
False
125.
S/4HANA Cloud for Contract & Lease Management helps customers standardize which contract types?
a)
Lease-In
b)
Real Estate
c)
Machinery
d)
Service Contract
e)
Lease-Out
126.
S/4HAN A Cloud for Contract & Lease Management is loosly coupled with SAP Cloud for Real Estate.
a)
True
b)
False
127.
The SAP S/4HANA Cloud for Contract & Lease Management allows for the following functionality
a)
Standardize lease-out contract management activities
b)
Assessment of operational versus actual financial costs
c)
Automate the calculation and postings of the required financial entries
d)
Access to capacity, cost data, and space productivity
e)
Easy navigation and insights into multinational property portfolio
128.
On which tab can you find information concerning the number of contracts per company code in the Contract and Lease Management
Dashboard?
a)
Contract Overview
b)
Contract Cash Flow
c)
Partner Analysis
d)
Contract One Pager
129.
SAP S/4HANA Cloud for Contract & Lease Management is a sub-component of SAP S/4HANA Cloud Finance. In which of the following
ways does it simplify your solution landscape?
a)
Provides real-time valuation of leases
b)
Eliminates financial interfaces
c)
Neglects new leasing standards released by FASB and IASB
d)
Reduces the number of applications in system landscape
e)
Reduces the number of available Ledgers in Financial Accounting
130.
A sublease is a lease agreement between a lessee who already holds a lease contract and another party called the sublessee who wants
to use the object of the original lease contract.
a)
True
b)
False
131.
Which of the following outcomes for the lessee are due to the new IFRS 16 regulation?
a)
Lessors will appear to have more on-balance sheet items
b)
Lessors will classify leases only as finance leases.
.
c)
Lessees will appear to become more asset-rich.
d)
Lessees will appear heavily indebted
132.
IFRS 16 and AC 842 eliminate the current dual accounting model for lessees. Instead, there is a single, on-balance sheet accounting
model.
a)
True
b)
False
133.
Service Contracts are Contract Objects in S/4HANA Cloud for Contract & Lease Management
a)
True
b)
False
134.
Reporting on service contract related cash flows is done best with the Contract and Lease Management Dashboard in SAP S/4HANA
Cloud.
a)
True
b)
False
135.
For a sales-based rent agreement, you must specify how the system determines payments due based on sales reported by the tenant.
a)
True
b)
False
136.
The Contract and Lease Management Dashboard is based on CDS views.
a)
True
b)
False
137.
Which communication arrangement is used for the integration of SAP S/4HANA Cloud and the SAP Cloud for Real Estate? .
a)
SAP_COM_1018
b)
SAP_COM_0213
c)
SAP_COM_0511
d)
SAP_COM_0325
138.
One of the main advantages of the SAP Cloud for Real Estate - Location Management integration is the use of a single repository for all
real estate assets independent of the back-end system.
a)
True
b)
False
139.
Bring the steps of the External Occupancy and Contract Management process into the correct order.
a)
Execute periodic postings
b)
Perform contract management processes
c)
Create a group of real estate objects for external occupancy
d)
Create a lease out contract and assign the external occupancy
140.
One of the key benefits of the Internal Occupancy and Cost Allocation process is the analysis and financial reporting based on costs by
real estate location.
a)
True
b)
False
141.
Which functions are provided with the "Manage Occupancy of Real Estate Object" app?
a)
Display time-dependent data
b)
Create user defined variants
c)
Track General Ledger documents
d)
Maintain team members and assign functions
100 %
