Question No. 1

Which of the following are types of hedging area?Note: There are 2 correct answers to this question.

AReference-based

BPeriod-based

CRisk-based

DRule-based

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Correct Answer: A, C

The types of hedging area are reference-based and risk-based. Reference-based hedging area means that the hedging area is defined by a reference object, such as a company code, a profit center, or a segment. Risk-based hedging area means that the hedging area is defined by a risk category, such as foreign currency risk, interest rate risk, or commodity price risk. Verified Reference: [Hedging Area Overview], [Hedging Area Configuration Guide]

Question No. 2

You are configuring Credit Risk Analyzer.What must you do to activate the single transaction check functionality?Note: There are 3 correct answers to this question.

ASchedule the utilization reports.

BConfigure the automatic financial object integration.

CActivate the integrated default risk limit check.

DEnable end-of-day processing of the Credit Risk Analyzer.

EDefine at least one single-transaction-check product.

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Correct Answer: B, C, E

The configuration steps that you must do to activate the single transaction check functionality are configure the automatic financial object integration, activate the integrated default risk limit check, and define at least one single-transaction-check product. The single transaction check functionality is a feature of Credit Risk Analyzer that allows you to check whether a financial transaction exceeds the predefined credit limit for a business partner before posting it. The configuration steps that you must do to activate the single transaction check functionality are configure the automatic financial object integration, which allows you to integrate financial transactions from source applications such as Treasury and Risk Management or Financial Accounting; activate the integrated default risk limit check, which allows you to perform online limit checks for financial transactions based on various criteria, such as rating, country, or industry; and define at least one single-transaction-check product, which defines the characteristics and settings for single transaction checks, such as product type, risk category, or limit type. Reference: https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020_002/en-US/f22248cc13f74872af15bd2eca741110.html

Question No. 3

For self-initiated payments (SIP) in combination with the bank reconciliation ledger, which configuration tasks are used to determine the G/L clearing account?Note: There are 2 correct answers to this question.

AAssign account symbol to payment method

BPrepare automatic postings for the payment program

CMake global settings for electronic bank statements

DSet up bank determination for payment transactions

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Correct Answer: A, D

The configuration tasks that are used to determine the G/L clearing account for self-initiated payments (SIP) in combination with the bank reconciliation ledger are assign account symbol to payment method and set up bank determination for payment transactions. Self-initiated payments (SIP) are payments that are initiated by users directly in Bank Account Management without reference to an underlying transaction. The bank reconciliation ledger is a function that allows you to reconcile bank statements with accounting documents in SAP S/4HANA by using a subledger approach. The configuration tasks that are used to determine the G/L clearing account for self-initiated payments (SIP) in combination with the bank reconciliation ledger are assign account symbol to payment method, which allows you to link a payment method with an account symbol that represents a G/L account; and set up bank determination for payment transactions, which allows you to define the ranking order and selection criteria for bank accounts and G/L accounts for payment transactions. Reference: https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020_002/en-US/f22248cc13f74872af15bd2eca741110.html

Question No. 4

When defining a liquidity item, what must be specified?

ACertainty level

BCash flow direction

CFlow type

DPlanning level

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Correct Answer: B

The parameter that must be specified when defining a liquidity item is cash flow direction. A liquidity item is a parameter that represents an account dimension in the liquidity planning model. A liquidity item defines how cash flows are classified and aggregated in the liquidity plan according to various criteria, such as cash flow type, currency, or bank account. The parameter that must be specified when defining a liquidity item is cash flow direction, which defines whether the cash flow is an inflow or an outflow for the liquidity item. Reference: https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020_002/en-US/3a3a8f6f7a6e4c2b8d5b8f1e2a2a0d5b.html

Question No. 5

Which of the following is a required configuration step when implementing self-initiated payments (SIP) in the bank account ledger?

AAssign G/L account to cash clearing account

BAssign bank account to payment methods

CAssign account symbol to payment methods

DAssign bank subaccount to payment methods

Show Answer

Correct Answer: C

The required configuration step when implementing self-initiated payments (SIP) in the bank account ledger is assign account symbol to payment methods. Self-initiated payments (SIP) are payments that are initiated by users directly in Bank Account Management without reference to an underlying transaction. The bank account ledger is a function that allows you to manage bank accounts and their attributes in SAP S/4HANA by using a subledger approach. The required configuration step when implementing self-initiated payments (SIP) in the bank account ledger is assign account symbol to payment methods, which allows you to link a payment method with an account symbol that represents a G/L account or a bank subaccount in the bank account ledger. Reference: https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020_002/en-US/f22248cc13f74872af15bd2eca741110.html

SAP C_S4FTR_2023 Exam Actual Questions

The questions for C_S4FTR_2023 were last updated on Sep 27, 2024.

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