Curious about Actual SAP Certified Associate (C_S4CFI_2408) Exam Questions?

Correct : A, C

To assist customers in maintaining their SAP S/4HANA Cloud systems post-release upgrade, SAP provides tools such as the Test Automation Tool and the What's New Viewer Tool. The Test Automation Tool helps automate the testing of business processes to ensure that new releases do not disrupt existing functionalities. The What's New Viewer Tool offers detailed information on the latest features and enhancements in the new release, helping users understand and leverage the new capabilities effectively.

References:

SAP S/4HANA Cloud release strategy and tools documentation

SAP Help Portal for Test Automation Tool and What's New Viewer

Correct : A, C

Using the posting period variant in SAP S/4HANA Cloud Public Edition, you can restrict postings at the level of the Customer reconciliation account and General Ledger (G/L) account. This feature enables organizations to control the posting periods for specific accounts, ensuring that postings are made only within the designated periods. It's particularly useful for managing the closing of financial periods and ensuring the integrity of financial data.

References:

SAP S/4HANA Cloud Financial Accounting configuration guide

SAP Help Portal on posting period variant settings

Correct : C, D

On the document header of a general ledger posting in SAP S/4HANA Cloud Public Edition, you can define fields such as the 'Journal Entry Type' and the 'Posting Date'. The Journal Entry Type is used to classify the journal entry based on its nature and processing rules, such as whether it's a standard entry, a reversal, etc. The Posting Date determines the financial period in which the transaction is recorded, impacting the timing of financial reporting and analysis.

References:

SAP S/4HANA Cloud General Ledger documentation

Best practices for General Ledger postings in SAP

Correct : B

In SAP S/4HANA Cloud Public Edition, the structure where you define where accounts appear in the financial statement is known as the 'Financial Statement Version'. This structure is crucial for the organization of accounts in a way that aligns with reporting requirements and standards. It allows for the grouping and hierarchical arrangement of accounts to reflect how they should be presented in the financial statements, such as the balance sheet and income statement, facilitating accurate and compliant financial reporting.

References:

SAP S/4HANA Cloud documentation on financial reporting

Best practices for configuring Financial Statement Versions in SAP

Correct : A, C

Posting to a general ledger account in SAP S/4HANA Cloud Public Edition can be blocked on the levels of the 'Company Code' and the 'Chart of Accounts'. Blocking an account at the Company Code level prevents postings to that account within the specific company code, whereas blocking it at the Chart of Accounts level prevents postings across all company codes that use the same chart of accounts. This functionality is essential for maintaining control over financial transactions and ensuring the integrity of the accounts.

References:

SAP S/4HANA Cloud Financial Accounting configuration guides

SAP Help Portal on managing general ledger accounts