Free SAP C_S4CFI_2504 Practice Exam with Questions & Answers | Set: 2

Comprehensive and Detailed in Depth Explanation:

In SAP S/4HANA Cloud Asset Accounting, the asset value date controls capitalization timing.

C: Correct. Asset value date determines the period for acquisition posting and depreciation start.

Comprehensive and Detailed in Depth Explanation:

SOX compliance in SAP Advanced Financial Closing enforces segregation of duties.

C: Correct. It ensures the responsible and processing users differ.

Comprehensive and Detailed in Depth Explanation:

Balance sheet reporting in SAP S/4HANA Cloud uses dimensions for segmentation.

A: Correct. Segment is a balance sheet reporting dimension.

D: Correct. Profit center supports balance sheet reporting.

Comprehensive and Detailed in Depth Explanation:

Post-upgrade maintenance tools assist adaptation.

B: Correct. Assesses release impacts.

D: Correct. Highlights new features.

Comprehensive and Detailed in Depth Explanation:

Valuation methods in SAP S/4HANA Cloud (e.g., via "Foreign Currency Valuation" app) configure AP revaluation.

C: Correct. It sets the procedure (e.g., lowest value principle).

D: Correct. Exchange rate type (e.g., M) is specified.

E: Correct. G/L accounts for gains/losses are determined.

Comprehensive and Detailed in Depth Explanation:

In the SAP S/4HANA Migration Cockpit, data migration for a specific object requires certain prerequisites to ensure data integrity and system consistency.

Option A (Predecessor objects have been migrated): This is correct because SAP S/4HANA migration follows a dependency-driven approach. Predecessor objects (e.g., master data like business partners or G/L accounts) must be migrated first to provide the foundational data required for dependent objects (e.g., transactional data like open items). This ensures referential integrity and prevents errors during the migration process.

Option D (Permission to migrate the data has been assigned): This is also correct. Migration in SAP S/4HANA Cloud requires proper authorization, typically assigned via roles in the SAP Fiori Launchpad (e.g., the "Data Migration Specialist" role). Without this, users cannot access or execute migration tasks, ensuring security and compliance with governance policies.

Option B (You select the same migration method previously used for other objects): This is incorrect. The migration method (e.g., file upload, staging tables) can vary by object and project requirements. SAP does not mandate using the same method across all objects.

Option C (All previous migration projects are in the "Finished" status): This is not a requirement. While completing prior projects can be a best practice, the Migration Cockpit allows parallel or independent migration projects, provided dependencies are met.

Comprehensive and Detailed in Depth Explanation:

The dunning proposal list in SAP S/4HANA Cloud (accessed via the "Manage Dunning" app) allows users to adjust dunning notices before they are finalized.

Option A (Change the dunning charges): Correct. Users can modify dunning fees/charges in the proposal to reflect specific agreements or policies.

Option C (Edit dunning blocks at account level): Correct. Dunning blocks can be set or removed at the customer account level to prevent or allow dunning.

Option D (Edit dunning blocks at line item level): Correct. Blocks can also be adjusted for specific open items, offering granular control.

Option B (Editing the dunning texts): Incorrect. Dunning texts are predefined in configuration (e.g., via "Define Dunning Procedure") and cannot be freely edited in the proposal list.

Option E (Change the dunning level of an open item): Incorrect. Dunning levels are system-calculated based on overdue days and the dunning procedure, not manually editable in the proposal.

Comprehensive and Detailed in Depth Explanation:

Data migration to SAP S/4HANA Cloud Public Edition is facilitated through the Migration Cockpit, with specific supported methods.

Option A (With XML or CSV templates): Correct. The Migration Cockpit supports file-based migration using predefined XML or CSV templates, which users populate with legacy data for upload.

Option B (With Core Data Services): Incorrect. Core Data Services (CDS) are used for data modeling and reporting in SAP S/4HANA, not for data migration.

Option C (With the zero downtime service): Incorrect. Zero downtime is a deployment strategy for upgrades, not a data migration method.

Option D (With a separate SAP HANA database): Incorrect. While SAP HANA underpins S/4HANA, a separate database is not a migration method; the Migration Cockpit uses integrated staging tables or files.

Comprehensive and Detailed in Depth Explanation:

Fit-to-Standard workshops align processes with SAP standards.

B: Correct. Demos show best practices.

D: Correct. Identifies config/customization needs.

Comprehensive and Detailed in Depth Explanation:

Foreign currency valuation in SAP S/4HANA Cloud revalues open items and balances.

A: Correct. The balance is converted to local currency using the period-end rate.