Free SAP Certified Associate – Implementation Consultant – SAP S/4HANA Cloud Public Edition, Financial Accounting Exam C_S4CFI_2504 Exam Practice Test

What provides a foundation for the SAP Cloud ERP where integrations and extensions live?

• SAP Business Accelerator Hub
• SAP Discovery Center
• SAP ABAP Environment
• SAP Business Technology Platform

A ccompany wants to use the automatic payment program in SAP S/4HANA and ensure that the system uses a specific document type for the generated postings during the payment run.Which configuration setting controls the document type used for payment postings?

• The bank determination settings, specifically the paying company codes section.
• The payment method settings, specifically the note to payee by origin section.
• The payment method setting, specifically the posting details section.
• The payment medium format settings, specifically the format output section.

What are some characteristics of public cloud? Note: There are 2 correct answers to this question.

• Perpetual license
• Software installation on customer site
• Multi-tenant server
• Lower total cost of ownership

On which level do you define maximum amounts for low-value assets? Note: There are 2 correct answers to this question.

• Valuation area
• Ledger group
• Accounting principle
• Company code

In which type of extensibility is the SAP Business Technology Platform used to host a custom extension?

• Classic extensibility
• Key user extensibility
• Side-by-side extensibility
• Developer extensibility

When processing payments, what are possible functions of reason codes? Note: There are 3 correct answers to this question.

• Create a sales order
• Automatic posting of a residual item to a specific G/L account
• Control of the account where a residual item is posted
• Control of the type of payment notice sent to a customer
• Generate payment reminder

Which master record object controls the use of a business partner in accounts payable?

• Business partner role
• Business partner category
• Business partner classification
• Business partner grouping

What does the asset class determine?Note: There are 3 correct answers to this question.

• The G/L accounts for asset transactions
• The inventory number
• The default depreciation key
• The balance sheet structure
• The asset number

Which dimensions can be used to provide complete balance sheet reports? Note: There are 2 correct answers to this question.

• Segment
• Cost center
• Functional area
• Profit center

When do you perform the goods and invoice receipt reconciliation process?

• When an invoice is posted, but no relevant purchase order is available
• When a purchase order is posted but no invoice has been received
• When a purchase order is posted but no goods receipt has been received
• When an invoice is posted but no goods receipt has been received