CFIN - Actual correct answers EXAMPLE_1.pdf

1. What is Central Finance? ☒An accelerated SAP S/4HANA Finance deployment op on ☐A method to migrate legacy FI systems to SAP S/4HANA 2. What is the objec ve of Central Finance approach? ☒Deploying S/4HANA Finance as a "central finance" allows customers to adopt the latest SAP innova ons without di...

1. What is Central Finance? ☒An accelerated SAP S/4HANA Finance deployment op on ☐A method to migrate legacy FI systems to SAP S/4HANA 2. What is the objec ve of Central Finance approach? ☒Deploying S/4HANA Finance as a "central finance" allows customers to adopt the latest SAP innova ons without disrup ng their exis ng ERP systems ☐Deploying S/4HANA Finance as a "central finance" allows customers to consolidate without harmonizing of master data from different systems 3. If a customer has mul ple SAP Systems and Non-SAP Systems as a heterogeneous landscape, how can they consume S/4HANA Innova ons faster with SAP Central Finance? ☒Consume innova ons without disrup ng exis ng system setup ☐Upgrade all ERP Systems to SAP S/4HANA ☐Upgrade ERP Systems one by one to SAP S/4HANA ☐Non-SAP Systems are not supported in a Central Finance Deployment 4. What are the prerequisites for SAP ERP systems to be used out-of-the-box for Central Finance? ☒Releases star ng from SAP ERP 6.0 that are in maintenance can be used out-of-the-box as source systems ☐Releases star ng from SAP ERP 4.6C can be used out-of-the-box as source systems 5. The SAP Applica on Interface Framework (AIF) is: ☒a framework for interface implementa on ☒a framework for error handling ☒an aler ng system ☐a tool to manually send single posts to the target system 6. The SAP Applica on Interface Framework is using ☒BAPIs ☒Standard functions ☒Customer functions ☐eCATTs 7. In order to do Master Data Governance key mappings you have to know ☒Business Object Type and Object Identifier Type of respective entity ☒Business System of source and target (Central Finance) system ☒Context structure ☒Values of all fields of context structure in the source and target (Central Finance) system ☐Logical system number of source and target (Central Finance) system 8. Which steps are necessary for the setup process for source system? ☒Apply SAP Notes ☒Assign authoriza on for SLT user ☒Source System configura on ☒Prepare for Ini al Load ☐Train Business Users 9. Which steps are necessary for the setup of the target (Central Finance) system? ☒Activate Central Finance business function ☒Setup RFC destination for source system ☒Define logical system for source system ☒Assign RFC destination to logical system for source system ☒Check logical system assignment for Central Finance client ☐Run Initial Load 10. Which of the following are parts of the Initial Load of FI postings? ☒General preparations ☒Configuration in source system ☒Extract ☒Delta Extract ☒Simulation Runs ☐Mapping 11. Which of the following reports are part of the Reconciliation reports? ☐FI Documents Count ☐CO Balance Comparison ☐FI Documents Comparison ☐FI Deleted Documents 12. Which of the following are replicated in Real Time replication? ☒FI pos ngs (FB01) ☒Changes to financial documents (FB02) ☒Clearing of open items ☒Accounts Receivable (AR) and Accounts Payable (AP) ☒Management Accoun ng (CO) pos ngs ☐Displays of financial documents (FB03) 13. Which of the following are use cases that indicates Central Finance can help to accelerate intercompany reconciliation? ☒Central finance manages intercompany reconciliation earlier in the closing process with the help of alerts and analytics ☒All payables and receivables are replicated to Central finance system ☐Additional data can be stored in central finance system ☐Central finance system has a system landscape directory which configures intercompany reconciliation 14. What are advantages of SAP Credit Management with Central Finance? ☐Cross-enterprise and cross system credit evalua on ☐Customer scoring based on your rules ☐Easy access to credit informa on for your sales team ☐Automated blocking of Business Partners company wide when credit limit is reached 15. Which of the following are true? ☐Shared Service Framework is the service management pla orm for Global Business Services organiza ons ☐Shared Service Framework centralizes all service relevant transac onal ac vi es ☐Shared Service Framework simplifies mergers and acquisi ons ☐Shared Service Framework serves as a pla orm for corporate repor ng and planning 16. Which data must be maintained between sender and Central Finance system during daily operation? ☒Exchange rates ☒Authoriza on updates ☐Logical system names ☐New Business Partner 17. Which source systems require dedicated staging tables on SLT? ☒Non-SAP ERP system ☒SAP Business by Design ☒SAP Business One ☐SAP ECC 6.0 on SAP HANA ☐SAP ECC 4.6 18. Which of the following Central Finance interfaces are available for data replica on from an SAP source system? ☒Cost objects ☒Ac vity rates ☒Material cost es mates ☐WBS elements ☐Master data elements 19. What is the recommended deployment op on for SAP Landscape Transforma on? ☐On a separate instance ☐On the Central Finance system ☐On the source system ☐On SAP Cloud Pla orm 20. What are the advantages of SLT deployment on a separate instance? ☐Other systems can be connected without impact on source and Central Finance systems ☐There is no impact from update of source and Central Finance systems ☐Other integra on scenarios besides Central Finance are possible ☐SLT has direct access to source and Central Finance systems ☐No RFC connec on is required to source and Central Finance systems 21. A customer is preparing the Central Finance landscape. What are considera ons for SLT deployment on exis ng source or target systems? ☒SLT has direct access to any data in the source system ☒Upgrades and updates of the source system with deployed SLT impact the replica on of other source systems ☒There is be er replica on performance because there is no network connec on required to the Central Finance system ☐SLT deployed in the source system has direct access to any data in the Central Finance system ☐Other source systems that are connected to SLT have no impact on the performance and stability of the source system with deployed SLT 22. SAP Master Data Governance is installed in a Central Finance landscape. What are the main features? ☒It can be deployed in the Central Finance system or as a master data hub ☒It provides central crea on, change, and distribu on of master data ☒It is used to maintain and perform business mapping ☐It only provides consolida on for business partners, customers, and vendors ☐It provides distribu on of key and value mapping from the SAP ERP source system to Central Finance 23. Which of the following features are provided by Applica on Interface Framework (AIF)? ☒Messages can be assigned to SAP transac on codes ☒Role-based overview for business users ☒Data correc on is possible for all fields ☐Message severity can be changed ☐Field labels can be shown with customized text