Exam Code: C_S4CFI_2408

Exam Name: SAP Certified Associate - Implementation Consultant -

SAP S/4HANA Cloud Public Edition, Financial Accounting

Associate Certification: SAP Certified Associate

Samples: 12Q&As

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Practice C_S4CFI_2408 exam online questions below.

1. Which master record object controls the use of an business partner in accounts payable
A. Business partner role
B. Business partner classification
C. Business partner grouping
D. Business partner category
Answer: A
Explanation:
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

2. What does the asset class determine? Note: There are 3 correct answers to this question
A. The inventory number
B. The asset number
C. The default depreciation key
D. The G/L accounts for asset transactions
E. The balance sheet structure
Answer: C, D, E
Explanation:
In SAP S/4HANA Cloud Public Edition, the asset class plays a crucial role in defining key
aspects of asset accounting:
C. The Default Depreciation Key: It specifies the standard rules for calculating depreciation for
assets in this class, affecting how asset value decreases over time.
D. The G/L Accounts for Asset Transactions: Asset classes determine which General Ledger
accounts are impacted by transactions involving assets, such as acquisitions, retirements, and
depreciation postings.
E. The Balance Sheet Structure: Asset classes help organize assets in the balance sheet by
categorizing them, which aids in financial reporting and analysis.
References:
SAP S/4HANA Cloud Asset Accounting documentation
SAP Financials configuration and user guides

3. In which application can you see the available business context capacity remaining for
extension items?
A. Extensibility Inventory app
B. Extensibility Cockpit app
C. Extensibility Explorer app
D. Custom Reusable Elements app
Answer: B
Explanation:
The Extensibility Cockpit app in SAP S/4HANA Cloud Public Edition provides visibility into the
available business context capacity remaining for extension items. This app serves as a central
hub for managing and tracking customizations and extensions, offering insights into how much
of the allocated capacity for extending standard functionalities is used and what remains
available, thus supporting effective governance of system extensions.
References:
SAP Fiori apps reference library
SAP S/4HANA Cloud Extensibility Guide

4. In the Manage Fixed Assets app, assets that are created in the database but not activated or
deactivated are displayed under which tab?
A. Acquired
B. Created
C. Saved
D. Draft
Answer: C
Explanation:
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"

5. What is the result of an automatic payment run? Note: There are 3 correct answers to this
question.
A. Payment documents
B. Payment pian
C. Payment media
D. Payment log
E. Payment blocks
Answer: A, C, D
Explanation:
An automatic payment run in SAP S/4HANA Cloud Public Edition typically results in the creation
of payment documents, payment media, and a payment log. Payment documents are the actual
financial postings that record the clearing of open invoices with payments. Payment media refer
to the files or electronic data transmitted to banks for the execution of the payments, such as
electronic fund transfers or checks. The payment log provides a detailed report of the payment
run process, including information on successfully processed payments, errors encountered,
and any exceptions handled during the run.
References:
SAP S/4HANA Cloud Financial Operations documentation Best practices for automatic payment
processing in SAP

6. What is the role of the valuation method in the foreign currency valuation of accounts
payable? Note: There are 3 answers to this question.
A. Define the document type for the valuation posting
B. Define the exchange rate type
C. Determine the G/L accounts for the valuation posting
D. Define the valuation procedure
E. Define the posting and reversal date for the valuation posting
Answer: B, C, D
Explanation:
In the context of foreign currency valuation for accounts payable in SAP S/4HANA Cloud Public
Edition, the valuation method plays a critical role in several aspects. Firstly, it defines the
exchange rate type to be used for the valuation, which determines how the exchange rates are
sourced and applied during the valuation process. Secondly, it determines the G/L accounts
that will be affected by the valuation postings, ensuring that currency gains or losses are
recorded in the appropriate financial accounts. Lastly, the valuation method defines the
valuation procedure, which outlines the specific rules and conditions under which the valuation
is performed, such as whether historical rates are used, whether realized gains and losses are
considered, and the method for valuing open items and balances.
References:
SAP Help Portal documentation on Foreign Currency Valuation SAP S/4HANA Cloud user
guides for Financial Accounting
7. What are the effects of a goods issue posting question There are 2 correct answers to this
A. It generates an invoice for approval.
B. It increases the inventory value.
C. It posts an accounting document.
D. It reduces the inventory value
Answer: C, D
Explanation:
The effects of a goods issue posting in SAP S/4HANA Cloud Public Edition include the posting
of an accounting document and a reduction in the inventory value. The accounting document
reflects the financial impact of the goods leaving the inventory, capturing costs and adjusting the
inventory account. The reduction in inventory value corresponds to the physical outflow of
goods, accurately reflecting the current stock levels.
References:
SAP S/4HANA Cloud documentation on Inventory Management Best practices for Goods Issue
processes in SAP

8. What must you create when you build an integration scenario using the SAP Fiori
Communication Management apps in SAP S/4HANA Cloud Public Edition? Note: There are 2
correct answers to this question
A. Communication arrangement
B. Communication system
C. Communication API
D. Communication interface
Answer: A, B
Explanation:
In SAP S/4HANA Cloud Public Edition, when building an integration scenario using the SAP
Fiori Communication Management apps, it is essential to create both a 'Communication
Arrangement' and a 'Communication System'. The Communication System represents the
external system or the SAP system itself in the context of the integration. It is where you define
the system's details, such as system ID and host information. The Communication
Arrangement, on the other hand, specifies how the SAP S/4HANA system communicates with
the defined Communication System, including the services to be used, authentication methods,
and other specific settings required for the integration. These components are crucial for setting
up secure and effective communication between SAP S/4HANA Cloud and other systems or
applications.
References:
SAP S/4HANA Cloud documentation on Communication Management Setup SAP Fiori apps
reference library for Communication Management

9. What are some characteristics of public cloud? Note: There are 2 correct answers to this
question
A. Perpetual license
B. Lower total cost of ownership
C. Software installation on customer site
D. Multitenant server
Answer: B, D
Explanation:
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

10. Which date determines the period of the asset acquisition?

A. Posting Date
B. Document Date
C. Asset Value Date
D. Base Date
Answer: A
Explanation:
In the context of SAP S/4HANA Cloud Public Edition, the 'Posting Date' is the date that
determines the period of the asset acquisition. This date is critical as it dictates the accounting
period in which the asset acquisition is recorded, impacting the financial statements and the
asset's depreciation calculation commencement. The Posting Date ensures that the asset
acquisition aligns with the appropriate fiscal period for accurate financial reporting and asset
management.
References:
SAP S/4HANA Cloud Asset Accounting documentation
Best practices for asset acquisition postings in SAP

11. Which editing options are available in the dunning proposal list? Note: There are 3 correct
answers to this question
A. Edit dunning blocks at account level.
B. Edit dunning blocks at line item level
C. Change the dunning charges
D. Editing the dunning texts.
E. Change the dunning level of an open item
Answer: ABE
Explanation:
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

12. How does an implementation consultant support customer expert during Fit-to-Standard
workshops? Note: There are 2 correct answers to this question
A. Determine set up instructions for customer-driven integrations.
B. Highlight areas that require configuration or customization decisions.
C. Demonstrate SAP Best Practice business processes in the starter system
D. Conduct end-user training on active scope items
Answer: B, C
Explanation:
During Fit-to-Standard workshops, an implementation consultant supports customer experts by
highlighting areas that require configuration or customization decisions and by demonstrating
 SAP Best Practice business processes in the starter system. These activities are crucial for
identifying gaps between the standard SAP solutions and the customer's business
requirements. By highlighting areas that may need adjustment, the consultant facilitates
informed decision-making about potential customizations or configurations. Demonstrating best
practice processes helps customers understand how standard workflows can be leveraged and
where their business practices need to adapt to optimize the use of the SAP system.
References:
SAP S/4HANA Cloud implementation methodologies
Best practices for conducting Fit-to-Standard workshops

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