Curious about Actual SAP Certified Associate (C_S4CFI_2402) Exam Questions?

Correct : A, B, E

In the dunning proposal list within SAP S/4HANA Cloud Public Edition, the following editing options are available: A. Edit Dunning Blocks at Account Level: This allows for the temporary or permanent blocking of dunning notices for specific accounts. B. Edit Dunning Blocks at Line Item Level: This enables the blocking or unblocking of dunning for individual line items, providing granular control over the dunning process. E. Change the Dunning Level of an Open Item: This allows for adjusting the dunning level of specific open items, which can affect the urgency and content of dunning letters sent to customers.

References:

SAP S/4HANA Cloud documentation on accounts receivable management

Best practices for managing the dunning process in SAP

Correct : A

In SAP S/4HANA Cloud Public Edition, the use of a business partner in accounts payable is controlled by the 'Business Partner Role'. This role defines the functions and responsibilities a business partner can have within the system, such as vendor or customer roles. In accounts payable, assigning a vendor role to a business partner enables the system to recognize and process transactions related to that partner in the context of accounts payable activities.

References:

SAP S/4HANA Cloud Business Partner Configuration documentation

Best practices for managing business partners in SAP

Correct : B, D

In SAP S/4HANA Cloud Public Edition's Asset Accounting, the relevant postings made periodically, typically at the end of the month, include: B. Depreciation Posting: This is the systematic reduction of the recorded cost of a fixed asset to allocate that cost over the asset's useful life. Depreciation postings are made periodically to reflect the wear and tear or obsolescence of the asset. D. Settlement of the WBS element: Work Breakdown Structure (WBS) elements related to projects may have costs (including asset costs) collected against them. These costs are periodically settled to their final cost objects, such as fixed assets or cost centers, at the end of the month or upon project completion.

References:

SAP S/4HANA Cloud Asset Accounting documentation

Best practices for periodic processing in Asset Accounting

Correct : D

To produce additional financial statements according to Local GAAP (Generally Accepted Accounting Principles) requirements in SAP S/4HANA Cloud Public Edition, you would use the 'Ledger Group' dimension in reporting. The ledger group allows for the maintenance of different ledgers that can represent various accounting principles, such as local GAAP, IFRS, or US GAAP. By using different ledger groups, you can segregate transactions and run reports that comply with different accounting standards, thereby facilitating the creation of financial statements according to specific regulatory requirements.

References:

SAP S/4HANA Cloud Financials documentation

SAP Help Portal on financial reporting and ledger management

Correct : C, D

To provide complete balance sheet reports in SAP S/4HANA Cloud Public Edition, the dimensions that can be used include Profit Center and Segment. Profit centers allow for the tracking of revenue and expenses by different business units or locations, contributing to the analysis of profitability. Segments enable reporting and analysis based on different business lines or geographical areas, enhancing the granularity of financial reporting. Both dimensions are essential for creating detailed and informative balance sheet reports that reflect the financial position and performance of various parts of the organization.

References:

SAP S/4HANA Cloud Financial Reporting documentation

Best practices for financial segmentation and profitability analysis in SAP