SAP Central Finance

Questions and Answers

What is Central Finance?

A method to migrate legacy FI systems to SAP S/4HANA (correct)

A tool to manually send single posts to the target system (correct)

An accelerated SAP S/4HANA Finance deployment option

A framework for interface implementation (correct)

What is the objective of the Central Finance approach?

To deploy S/4HANA Finance as a central finance and adopt latest SAP innovations (correct)

To disrupt existing ERP systems

To consolidate without harmonizing master data from different systems

To upgrade all ERP Systems to SAP S/4HANA

What are the prerequisites for SAP ERP systems to be used out-of-the-box for Central Finance?

Releases starting from SAP ERP 4.6C can be used out-of-the-box as source systems

All SAP ERP releases can be used out-of-the-box as source systems

Only SAP ERP 7.0 can be used out-of-the-box as a source system

Releases starting from SAP ERP 6.0 that are in maintenance can be used out-of-the-box as source systems (correct)

What is the SAP Application Interface Framework (AIF)? test

A framework for interface implementation Signup and view all the answers

What does the SAP Application Interface Framework use?

BAPIs and standard functions Signup and view all the answers

What is required for Master Data Governance key mappings?

Knowledge of Master Data Governance Signup and view all the answers

What are the necessary steps for the setup process for source systems?

Apply SAP Notes, assign authorization for SLT user, and prepare for initial load Signup and view all the answers

Study Notes

Central Finance Overview

Central Finance is an accelerated SAP S/4HANA Finance deployment option.
It allows customers to adopt the latest SAP innovations without disrupting their existing ERP systems.

Central Finance Objectives

The objective of Central Finance approach is to deploy S/4HANA Finance as a "central finance" system.
This allows customers to adopt the latest SAP innovations without disrupting their existing ERP systems.

Consume S/4HANA Innovations

Customers with multiple SAP Systems and Non-SAP Systems in a heterogeneous landscape can consume S/4HANA innovations faster with SAP Central Finance.
This is achieved by consuming innovations without disrupting the existing system setup.

Prerequisites for SAP ERP Systems

The prerequisites for SAP ERP systems to be used out-of-the-box for Central Finance are releases starting from SAP ERP 6.0 that are in maintenance.
These systems can be used out-of-the-box as source systems.

SAP Application Interface Framework (AIF)

The SAP Application Interface Framework (AIF) is a framework for interface implementation and error handling.
It uses BAPIs, standard functions, and customer functions.

Setup Process for Source System

The necessary steps for the setup process for the source system include:
- Applying SAP Notes
- Assigning authorization for SLT user
- Source System configuration
- Preparing for Initial Load

Setup of Target (Central Finance) System

The necessary steps for the setup of the target (Central Finance) system include:
- (No specific steps mentioned in the text)

Description

Understand the concept of Central Finance in SAP S/4HANA, including its deployment options and objectives. Learn how it enables customers to adopt latest innovations without disrupting their existing ERP systems.