SAP C_S4CFI_2408 SAP Certified Associate - Implementation Consultant - SAP S/4HANA Cloud Public Edition - Financial Accounting Exam Practice Test

Comprehensive and Detailed in Depth Explanation:Misreporting in FSV often stems from tag or node mismatches.

B:Correct. Outdated semantic tags cause new accounts to fall under "Unassigned."

A, C, D:Incorrect. These do not directly affect FSV node assignment.References:SAP Help Portal - "Financial Statement Version Issues."

Comprehensive and Detailed in Depth Explanation:Public cloud, like SAP S/4HANA Cloud, has distinct traits.

C:Correct. Multi-tenancy is a core feature.

D:Correct. Lower TCO due to subscription model.

A, B:Incorrect. These apply to on-premise systems.References:SAP Help Portal - "Public Cloud Overview."

Comprehensive and Detailed in Depth Explanation:The "Depreciation Posting Run" app in SAP S/4HANA Cloud offers multiple functionalities.

A:Correct. Depreciation details are visible in the FI document.

B:Correct. Reversals are possible via the app.

C:Correct. Separate runs per ledger are supported in multi-ledger setups.

D, E:Incorrect. Cancellation and individual asset test runs are not standard features.References:SAP Help Portal - "Depreciation Posting Run."

Comprehensive and Detailed in Depth Explanation:Entry view shows detailed subledger postings; GL view consolidates to G/L accounts.

C:Correct. Entry view includes subledger details, increasing line items.

A, B, D:Incorrect. GL view summarizes, reducing line items.References:SAP Help Portal - "Entry vs. GL View."

Comprehensive and Detailed in Depth Explanation:Cloud-to-cloud integration in SAP uses modern technologies.

A:Correct. Predelivered APIs enable standard integration.

B:Correct. Integration Suite handles complex scenarios.

C, D:Incorrect. These are for on-premise integration.References:SAP Help Portal - "Cloud Integration Technologies."

Comprehensive and Detailed in Depth Explanation:In the SAP S/4HANA Migration Cockpit, data migration for a specific object requires certain prerequisites to ensure data integrity and system consistency.

Option A (Predecessor objects have been migrated):This is correct because SAP S/4HANA migration follows a dependency-driven approach. Predecessor objects (e.g., master data like business partners or G/L accounts) must be migrated first to provide the foundational data required for dependent objects (e.g., transactional data like open items). This ensures referential integrity and prevents errors during the migration process.

Option D (Permission to migrate the data has been assigned):This is also correct. Migration in SAP S/4HANA Cloud requires proper authorization, typically assigned via roles in the SAP Fiori Launchpad (e.g., the "Data Migration Specialist" role). Without this, users cannot access or execute migration tasks, ensuring security and compliance with governance policies.

Option B (You select the same migration method previously used for other objects):This is incorrect. The migration method (e.g., file upload, staging tables) can vary by object and project requirements. SAP does not mandate using the same method across all objects.

Option C (All previous migration projects are in the "Finished" status):This is not a requirement. While completing prior projects can be a best practice, the Migration Cockpit allows parallel or independent migration projects, provided dependencies are met.

References:SAP S/4HANA Cloud Public Edition - Migration Cockpit documentation (SAP Help Portal), "SAP Activate Methodology for Data Migration."

Comprehensive and Detailed in Depth Explanation:In SAP S/4HANA Cloud, main asset numbers are distinguished from sub-assets.

B:Correct. Main assets have no suffix/prefix; sub-assets append a suffix (e.g., -001).

A, C, D:Incorrect. Prefixes or descriptions are not standard indicators.References:SAP Help Portal - "Asset Accounting Numbering."

Comprehensive and Detailed in Depth Explanation:In SAP S/4HANA Cloud Asset Accounting, the asset value date controls capitalization timing.

C:Correct. Asset value date determines the period for acquisition posting and depreciation start.

A, B, D:Incorrect. These dates serve other purposes (e.g., document entry).References:SAP Help Portal - "Asset Acquisition Posting."

Comprehensive and Detailed in Depth Explanation:The "Manage KPIs and Reports" app supports analytical outputs.

B:Correct. Multidimensional reports are available.

C:Correct. Review booklets for financial analysis.

D:Correct. SAC Stories integrate with analytics.

A, E:Incorrect. Lumira and Object Views are separate tools.References:SAP Help Portal - "Manage KPIs and Reports."

Comprehensive and Detailed in Depth Explanation:Cost-of-sales accounting in SAP S/4HANA Cloud uses functional areas for P&L reporting.

A:Correct. Links costs to functions (e.g., production, sales).

B, C, D:Incorrect. These are balance sheet or other dimensions.References:SAP Help Portal - "Cost-of-Sales Accounting."

Comprehensive and Detailed in Depth Explanation:SAP workflows in S/4HANA Cloud support diverse scenarios.

A:Correct. Handles multi-user processes.

B:Correct. Simplifies approvals.

C:Correct. Enables cross-product integration.

D, E:Incorrect. Complex cycles and Signavio are not primary focuses.References:SAP Help Portal - "Business Workflows."

Comprehensive and Detailed in Depth Explanation:Post-upgrade maintenance tools assist adaptation.

B:Correct. Assesses release impacts.

D:Correct. Highlights new features.

A, C:Incorrect. These focus on processes or testing, not upgrades.References:SAP Help Portal - "Release Management Tools."

Comprehensive and Detailed in Depth Explanation:Asset classes in SAP S/4HANA Cloud define accounting and depreciation rules.

A:Correct. G/L accounts are linked via asset class.

C:Correct. Default depreciation keys are set in the asset class.

D:Correct. It influences balance sheet structure via account determination.

B, E:Incorrect. Inventory and asset numbers are system-generated or manual, not class-driven.References:SAP Help Portal - "Asset Class Configuration."

Comprehensive and Detailed in Depth Explanation:Journal entry types (e.g., SA) in SAP S/4HANA Cloud define posting rules.

A:Correct. Header field requirements are set by type.

C:Correct. Line item field mandates are controlled.

B, D:Incorrect. Number ranges and line item counts are separate configs.References:SAP Help Portal - "Journal Entry Types."

Comprehensive and Detailed in Depth Explanation:Industry cloud solutions are available via SAP’s marketplace.

B:Correct. SAP Store offers industry-specific solutions.

A, C, D:Incorrect. These provide info or tools, not solutions directly.References:SAP Help Portal - "SAP Store Overview."

Comprehensive and Detailed in Depth Explanation:Foreign currency valuation in SAP S/4HANA Cloud revalues open items and balances.

A:Correct. The balance is converted to local currency using the period-end rate.

B, C, D:Incorrect. Transaction rates or no conversion do not apply to period-end valuation.References:SAP Help Portal - "Foreign Currency Valuation Process."

Comprehensive and Detailed in Depth Explanation:Integration planning in SAP S/4HANA Cloud follows a structured methodology.

C:Correct. ISAM guides integration strategy development.

A, B, D:Incorrect. These are tools or lists, not methodologies.References:SAP Help Portal - "Integration Solution Advisory Methodology."

Comprehensive and Detailed in Depth Explanation:SAP BTP underpins SAP S/4HANA Cloud extensibility.

D:Correct. BTP hosts integrations and extensions.

A, B, C:Incorrect. These are tools or environments, not the foundation.References:SAP Help Portal - "SAP BTP Overview."

Comprehensive and Detailed in Depth Explanation:In SAP S/4HANA Cloud, the business partner (BP) framework governs AP usage.

A:Correct. BP role (e.g., FLVN01 for vendors) defines AP functionality.

B, C, D:Incorrect. These define structure or grouping, not specific AP usage.References:SAP Help Portal - "Business Partner Roles."

Comprehensive and Detailed in Depth Explanation:Special periods in SAP S/4HANA Cloud (e.g., 13-16) have posting restrictions.

B:Correct. The special period must be explicitly specified.

C:Correct. Only balance sheet accounts are typically allowed for adjustments.

A, D:Incorrect. Document type YE and last period date are not mandatory.References:SAP Help Portal - "Special Periods Posting."

Comprehensive and Detailed in Depth Explanation:SOX compliance in SAP Advanced Financial Closing enforces segregation of duties.

C:Correct. It ensures the responsible and processing users differ.

A, B, D:Incorrect. These are not SOX-specific requirements.References:SAP Help Portal - "SOX Compliance in AFC."

Comprehensive and Detailed in Depth Explanation:The SAP S/4HANA Migration Cockpit is a standard tool for migrating data into SAP S/4HANA Cloud, offering specific features tailored to its cloud architecture.

Option A (Mapping source values to SAP S/4HANA target values):Correct. A core feature of the Migration Cockpit is its ability to map legacy system data (source) to SAP S/4HANA structures (target), using predefined templates or custom mappings to ensure data compatibility.

Option D (Guidance and simulation of the migration process):Correct. The Cockpit provides step-by-step guidance and a simulation mode to validate data before final migration, reducing errors and ensuring accuracy.

Option B (Extensibility using the Legacy System Migration Workbench):Incorrect. The Legacy System Migration Workbench (LSMW) is a legacy tool for on-premise systems and is not supported in SAP S/4HANA Cloud Public Edition. The Migration Cockpit replaces it.

Option C (Combining the local and remote schema approaches into one migration object):Incorrect. The Migration Cockpit uses distinct approaches (e.g., file-based or staging tables), but these are not combined into a single object; they are separate methods.

References:SAP S/4HANA Cloud Migration Cockpit Overview, "Key Features and Limitations" (SAP Help Portal).

Comprehensive and Detailed in Depth Explanation:Low-value asset (LVA) thresholds in SAP S/4HANA Cloud are set at levels affecting depreciation and valuation.

A:Correct. Valuation area defines LVA limits for depreciation rules.

D:Correct. Company code sets organizational LVA thresholds.

B, C:Incorrect. Ledger group and accounting principle do not directly define LVA amounts.References:SAP Help Portal - "Low-Value Assets Configuration."

Comprehensive and Detailed in Depth Explanation:Time-dependent data in the asset master allows changes over periods (e.g., via "Manage Fixed Assets").

A:Correct. Description can be updated time-dependently.

C:Correct. Cost center assignments are time-dependent.

D:Correct. WBS elements can change with time.

B, E:Incorrect. Trading partner and plant are typically fixed data.References:SAP Help Portal - "Time-Dependent Asset Data."