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SAP C_S4CFI_2402 Exam

Exam Name: SAP Certified Associate - Implementation Consultant - SAP S/4HANA Cloud Public Edition - Financial Accounting
Exam Code: C_S4CFI_2402
Related Certification(s):
  • SAP Certified Application Associate Certifications
  • SAP S/4HANA Cloud (public) - Finance Implementation Certifications
Certification Provider: SAP
Actual Exam Duration: 180 Minutes
Number of C_S4CFI_2402 practice questions in our database: 80 (updated: May. 10, 2024)
Disscuss SAP C_S4CFI_2402 Topics, Questions or Ask Anything Related

armanis

17 days ago
Looks like this certification focuses on implementing SAP S/4HANA Cloud in Financial Accounting. Key areas include Asset Accounting and Record-to-Report Process. It also emphasizes cloud computing and teamwork.
upvoted 1 times
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Free SAP C_S4CFI_2402 Exam Actual Questions

Note: Premium Questions for C_S4CFI_2402 were last updated On May. 10, 2024 (see below)

Question #1

What is the correct release code for the second feature delivery in February 2025?

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Correct Answer: A

SAP's release naming convention typically follows a year and release number format. For the second feature delivery in February 2025, the correct release code would be '2025.2', indicating the year 2025 and the second release within that year.

References:

SAP S/4HANA Cloud release strategy documentation

SAP S/4HANA Cloud updates and release information


Question #2

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

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Correct Answer: C, D

To provide complete balance sheet reports in SAP S/4HANA Cloud Public Edition, the dimensions that can be used include Profit Center and Segment. Profit centers allow for the tracking of revenue and expenses by different business units or locations, contributing to the analysis of profitability. Segments enable reporting and analysis based on different business lines or geographical areas, enhancing the granularity of financial reporting. Both dimensions are essential for creating detailed and informative balance sheet reports that reflect the financial position and performance of various parts of the organization.

References:

SAP S/4HANA Cloud Financial Reporting documentation

Best practices for financial segmentation and profitability analysis in SAP


Question #3

You post and match an incoming payment to the incorrect customer account. How can you correct the mistake?

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Correct Answer: A

If an incoming payment has been posted and matched to the incorrect customer account in SAP S/4HANA Cloud Public Edition, the appropriate action to correct the mistake is to reset the clearing and reverse the document. This process removes the clearing status of the payment, allowing the payment document to be reversed and corrected. This ensures that the payment is accurately reflected in the correct customer account and maintains the integrity of the financial records.

References:

SAP S/4HANA Cloud Accounts Receivable documentation

SAP Financial Accounting user guides on handling payment errors


Question #4

What is the relation between the line items displayed for a journal entry in the entry view and the general ledger view?

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Correct Answer: D

In SAP S/4HANA Cloud Public Edition, the relationship between the line items displayed for a journal entry in the entry view and the general ledger view is such that the general ledger view can have as many or more line items than the entry view. The entry view shows the transaction as it was entered, typically displaying the debits and credits to and from subledger accounts like customer or supplier accounts. The general ledger view, on the other hand, aggregates these into postings to the corresponding general ledger accounts and may include additional line items such as tax line items, allocation line items, or other adjustments that are not visible in the entry view.

References:

SAP S/4HANA Cloud General Ledger documentation

Best practices for journal entry and ledger reporting in SAP


Question #5

You post and match an incoming payment to the incorrect customer account. How can you correct the mistake?

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Correct Answer: A


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