Prepare for the SAP Certified Associate - Implementation Consultant - SAP S/4HANA Cloud Public Edition - Financial Accounting exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.
QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the SAP C_S4CFI_2402 exam and achieve success.
Which asset characteristic controls if an asset is under construction
In SAP S/4HANA Cloud Public Edition, the characteristic that controls whether an asset is under construction is the 'Asset class'. Asset classes are used to categorize assets and define the controlling parameters for asset postings, including whether the asset is under construction. Assets under construction are typically managed in their own asset class with specific configurations, such as capitalization date rules and depreciation keys, tailored to the treatment of construction in progress until they are ready to be capitalized and put into use.
References:
SAP S/4HANA Cloud Asset Management guide
SAP Help documentation on asset classes and assets under construction
In SAP Central Business Configuration, which activities can you perform in the Product-Specific Configuration Phase? Note: There are 3 correct answers to this question.
In SAP Central Business Configuration during the Product-Specific Configuration Phase, activities such as adding new sales organizations, changing approval thresholds, and adding blocking reasons for billing can be performed. These tasks are part of tailoring the SAP S/4HANA Cloud system to meet the specific business needs and operational requirements of an organization, ensuring that the ERP system aligns with the business's functional and process structures.
References:
SAP Central Business Configuration documentation
SAP S/4HANA Cloud configuration guides
In the Manage Fixed Assets app, assets that are created in the database but not activated or deactivated are displayed under which tab?
In the 'Manage Fixed Assets' app within SAP S/4HANA Cloud Public Edition, assets that have been created in the database but are not yet activated or deactivated are displayed under the 'Saved' tab. This tab holds the records of assets that have been entered into the system but are pending further processing or activation. It serves as a holding area for newly created asset records before they are fully integrated into the active asset accounting processes.
References:
SAP S/4HANA Cloud User Guide for Fixed Asset Management
SAP Fiori apps reference library for 'Manage Fixed Assets'
What are some characteristics of public cloud? Note: There are 2 correct answers to this question
Characteristics of public cloud include: B. Lower total cost of ownership: Public cloud services often lead to lower total cost of ownership (TCO) due to shared resources, economies of scale, and the cloud provider managing the infrastructure, which reduces the IT overhead for customers. D. Multitenant server: Public cloud environments typically employ a multitenancy architecture, where a single instance of software and its supporting infrastructure serves multiple customers. Each customer shares the underlying infrastructure, but their data is kept separate.
References:
Public cloud services and deployment models overview
Cloud computing principles and architectures
What can you do when executing a depreciation posting run? Note: There are 3 correct answers to this question.
When executing a depreciation posting run in SAP S/4HANA Cloud Public Edition, several actions can be taken to ensure accuracy and compliance. Firstly, it's possible to run depreciation calculations separately for each accounting ledger, allowing for differentiated depreciation treatments as required by various accounting standards or business needs. Additionally, conducting a depreciation test run for individual assets enables the review and verification of depreciation calculations before the final posting, ensuring correctness. Finally, after the depreciation run is posted, the posted depreciation amounts for each asset can be reviewed on the Financial Accounting (FI) document, providing a detailed record of the depreciation expense recognized in the period.
References:
SAP S/4HANA Cloud Asset Accounting documentation
Guidelines for depreciation posting and review in SAP
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