Free PDF Quiz C_S4CFI_2408 - SAP Certified Associate - Implementation Consultant - SAP S/4HANA Cloud Public Edition, Financial Accounting Updated Valid Vce

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SAP C_S4CFI_2408 Exam Syllabus Topics:

Topic	Details
Topic 1	Designing Asset Accounting Process in SAP S 4HANA: This part of the exam evaluates the expertise of IT professionals and SAP consultants who are in charge of overseeing financial operations within organizations. It focuses on the essential features of SAP S 4HANA required for managing asset accounting processes. Candidates will be assessed on their ability to plan and execute key asset accounting tasks, such as asset acquisition, depreciation, and retirement, using SAP S 4HANA.
Topic 2	Extensibility and Integration: This segment of the exam assesses the abilities of SAP consultants working on customizing SAP systems. It delves into extending and integrating SAP S 4HANA applications with other systems, using extensibility tools to adjust standard processes and tailor them to specific business needs.
Topic 3	Describing the Payables Management Process in SAP S 4HANA: This portion of the exam focuses on the expertise of professionals, including SAP financial consultants, who manage payables within organizations. It covers key processes in payables management in SAP S 4HANA, such as vendor invoice processing, payments, and managing liabilities.
Topic 4	Implementing with a Cloud Mindset, Building the Team, and Conducting Fit-to-Standard Workshops: This section assesses the capabilities of SAP consultants involved in cloud-based implementations.
Topic 5	Describing the Receivables Management Process in SAP S 4HANA: This section assesses the abilities of SAP finance consultants responsible for handling receivables management in companies.

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SAP Certified Associate - Implementation Consultant - SAP S/4HANA Cloud Public Edition, Financial Accounting Sample Questions (Q79-Q84):

NEW QUESTION # 79
What does a partner line of business configuration expert reference when identifying business processes to cover in the Fit-to-Standard workshops?

A. SAP Signavio Process Collaboration Hub
B. Digital Discovery Assessment
C. Business Driven Configuration Questionnaire
D. SAP Signavio Journey Modeler

Answer: A

Explanation:
A partner line of business configuration expert references the 'SAP Signavio Process Collaboration Hub' when identifying business processes to cover in the Fit-to-Standard workshops. The Process Collaboration Hub offers a comprehensive repository of SAP's best practice business processes and models, enabling experts to map the standard SAP processes to the customer's business requirements. This tool facilitates the identification of gaps and the customization of standard processes to fit the specific needs of the business, serving as a foundational element in the Fit-to-Standard workshop preparation.
References:
SAP Signavio documentation
Best practices for conducting Fit-to-Standard workshops using SAP Signavio

NEW QUESTION # 80
You need to produce additional financial statements according to local GAAP requirements. Which of the following can help?

A. Profit center group
B. Ledger group
C. Journal entry type
D. Functional area

Answer: B

Explanation:
Comprehensive and Detailed in Depth Explanation:Local GAAP compliance often requires parallel accounting.
* C:Correct. Ledger groups support multiple accounting principles (e.g., IFRS vs. GAAP).
* A, B, D:Incorrect. These do not address GAAP-specific reporting.References:SAP Help Portal -
"Parallel Accounting with Ledger Groups."

NEW QUESTION # 81
When do you specify the data retention period in SAP S/4HANA Migration Cockpit?

A. When the project status is "In progress"
B. When the project status is "Finished"
C. When the project status is "Completed"
D. When the project status is "Not started"

Answer: D

Explanation:
Comprehensive and Detailed in Depth Explanation:In the SAP S/4HANA Migration Cockpit, the data retention period determines how long migration data (e.g., staging tables or files) is retained before being archived or deleted, aligning with data governance and compliance requirements.
* Option A (When the project status is "Not started"):Correct. The retention period is defined during the initial setup of a migration project in the Migration Cockpit, before any data is loaded or processed.
This is part of the project configuration in the "Create Project" step, ensuring clarity on data lifecycle management from the outset.
* Option B (When the project status is "Finished"):Incorrect. By the "Finished" stage, migration activities are complete, and the retention period is already in effect-changes are no longer allowed.
* Option C (When the project status is "In progress"):Incorrect. While adjustments can be made during "In progress," the retention period is a foundational setting established earlier.
* Option D (When the project status is "Completed"):Incorrect. "Completed" is not a standard status in the Migration Cockpit; "Finished" is the final status, and retention is predefined.
References:SAP S/4HANA Cloud Migration Cockpit Guide, "Project Setup and Configuration" (SAP Help Portal).

NEW QUESTION # 82
You have started a project that requires help from external workers who submit their hours worke.. weekly. The manager responsible for this workforce approves the reported times irregularly. This Translation causes the accountants to have to track multiple sources and make manual calculations as they must show the expected expense even for unapproved submissions.
Which process automated by the SAP S/4HANA system can support the accounting department?

A. Purchase order accruals
B. Purchase order deferrals
C. Service entry sheet deferrals
D. Service entry sheet accruals

Answer: C

NEW QUESTION # 83
Which dimension do you use to produce external financial statements based on cost-of-sales accounting?

A. Profit center
B. Functional area
C. Market segment
D. Segment

Answer: B

Explanation:
For producing external financial statements based on cost-of-sales accounting, the 'Functional area' dimension is used. Cost-of-sales accounting is an approach that matches the costs of products sold with the revenues generated from their sale, providing a more accurate representation of the profit for a specific period. The functional area dimension allows for the classification of expenses according to the functions within an organization, such as production, sales, or administration, making it a key dimension for cost-of-sales accounting. This classification helps in the preparation of income statements where expenses are categorized based on their function, which is essential for cost-of-sales accounting.
References:
SAP S/4HANA Cloud documentation on financial reporting and analytics
Financial Accounting standards and practices that discuss the principles of cost-of-sales accounting

NEW QUESTION # 84
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FREE PDF QUIZ C_S4CFI_2408 - SAP CERTIFIED ASSOCIATE - IMPLEMENTATION CONSULTANT - SAP S/4HANA CLOUD PUBLIC EDITION, FINANCIAL ACCOUNTING UPDATED VALID VCE

Free PDF Quiz C_S4CFI_2408 - SAP Certified Associate - Implementation Consultant - SAP S/4HANA Cloud Public Edition, Financial Accounting Updated Valid Vce