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SAP C_S4FTR_2023 Exam Syllabus Topics:
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NEW QUESTION # 44
You are configuring the planned record update strategy for variable interest rate security instruments.
This strategy determines the value to be used for displaying the variable interest rate flows that have not yet been adjusted in the cash flow.
Which of the following strategies are available? Note: There are 2 correct answers to this question.
- A. Update with configured interest rate
- B. Update with benchmark interest rate
- C. Update with current interest rate
- D. Zero update, assign 0
Answer: C,D
NEW QUESTION # 45
Which cash management attributes are defined in the G/L account master record? Note: There are 2 correct answers to this question.
- A. Planning level
- B. Planning group
- C. Certainty level
- D. Relevance to cash flow
Answer: A,D
NEW QUESTION # 46
What are some factors to consider when creating a house bank for your company code? Note: There are
2 correct answers to this question.
- A. Every account at a house bank is represented by an account ID.
- B. Each company code can have only one house bank.
- C. The house bank name can be freely defined.
- D. A bank can only be defined once as a house bank.
Answer: A,C
NEW QUESTION # 47
What are the available options when you configure the bank account revision process? Note: There are
3 correct answers to this question.
- A. Activate sequentially
- B. Activate directly
- C. Activate via two-factor authorization
- D. Activate via dual control
- E. Activate via workflow
Answer: B,D,E
NEW QUESTION # 48
Which item is part of the standing instructions for the counterparty role for a business partner?
- A. Business partner type
- B. Partner bank
- C. Trading partner
- D. Business partner relationships
Answer: A
NEW QUESTION # 49
Which G/L account type must be set when working with the bank reconciliation ledger?
- A. Bank sub account
- B. Bank reconciliation account
- C. Balance sheet account
- D. Cash account
Answer: D
NEW QUESTION # 50
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.
- A. Prepare automatic postings for the payment program
- B. Make global settings for electronic bank statements
- C. Set up bank determination for payment transactions
- D. Assign account symbol to payment method
Answer: C,D
Explanation:
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
NEW QUESTION # 51
You have customized the system for hedge accounting under IFRS.During period-end activities, which of the following amounts of the hedging instrument (HI) does the system post to equity (OCI)?
- A. For cash flow hedges, the effective portion of the gain or loss of the HI
- B. For fair value hedges, the effective portion of the change in fair value of the HI
- C. For cash flow hedges, the non-effective portion of the gain or loss of the HI
- D. For fair value hedges, the non-effective portion of the change in fair value of the HI
Answer: A
Explanation:
Under IFRS, the effective portion of the gain or loss on a cash flow hedge is recognized in other comprehensive income (OCI). This is done to match the timing of the recognition of the gain or loss on the hedged item, which is also recognized in OCI. The non-effective portion of the gain or loss on the hedging instrument is recognized in profit or loss.
For fair value hedges, the entire change in fair value of the hedging instrument is recognized in profit or loss. This is because the hedged item is also recognized at fair value in profit or loss.
NEW QUESTION # 52
You configure the SAP Business Workflow for Bank Account Management.
Which steps are required to set up this process? Note: There are 3 correct answers to this question.
- A. Define a release strategy
- B. Activate a workflow template
- C. Change message control
- D. Define approvers
- E. Define sensitive fields
Answer: B,D,E
NEW QUESTION # 53
Which elements control account determination for Transaction Manager deals?Note: There are 3 correct answers to this question.
- A. Update type
- B. Valuation area
- C. Account assignment reference
- D. Condition type
- E. Portfolio
Answer: A,C,D
Explanation:
The elements that control account determination for Transaction Manager deals are update type, condition type, and account assignment reference. Update type defines the business meaning of a cash flow, such as principal payment, interest payment, or valuation result. Condition type defines the calculation rule for a cash flow, such as fixed rate, variable rate, or exchange rate. Account assignment reference defines the account assignment objects for a cash flow, such as company code, business area, or profit center. Verified Reference: [Account Determination Overview], [Account Determination Configuration Guide]
NEW QUESTION # 54
You are using Credit Risk Analyzer.Which type of risk can be tracked?
- A. Liquidity risk
- B. Inflationary risk
- C. Interest rate risk
- D. Settlement risk
Answer: D
Explanation:
The type of risk that can be tracked by using Credit Risk Analyzer is settlement risk. Settlement risk is the risk that one party will fail to deliver the terms of a contract with another party at the time of settlement. Credit Risk Analyzer is a submodule of Financial Risk Management that allows you to manage credit risk for financial transactions and business partners. You can use Credit Risk Analyzer to track settlement risk by using online limit check or monitor risk exposure functions. Reference: https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020_002/en-US/3a3a8f6f7a6e4c2b8d5b8f1e2a2a0d5b.html
NEW QUESTION # 55
Which item is part of the standing instructions for the counterparty role for a business partner?
- A. Trading partner
- B. Business partner type
- C. Business partner relationships
- D. Partner bank
Answer: D
Explanation:
The standing instructions for the counterparty role for a business partner include the partner bank item. The partner bank is the bank account of the counterparty that is used for settlement of financial transactions. The standing instructions define the default values and rules for processing financial transactions with a counterparty. Reference: https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020.002/en-US/3a3a8f6f7a6e4c2b8d5b8f1e2a2a0d5b.html
NEW QUESTION # 56
Which of the following acts as the account dimension in your liquidity planning model?
- A. Company code
- B. Bank account
- C. Time
- D. Liquidity item
Answer: D
NEW QUESTION # 57
Which of the following are types of hedging area?Note: There are 2 correct answers to this question.
- A. Period-based
- B. Rule-based
- C. Risk-based
- D. Reference-based
Answer: C,D
Explanation:
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]
NEW QUESTION # 58
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.
- A. Prepare automatic postings for the payment program
- B. Set up bank determination for payment transactions
- C. Make global settings for electronic bank statements
- D. Assign account symbol to payment method
Answer: C,D
NEW QUESTION # 59
Which source applications use origin X when defining queries and query sequences? Note: There are 2 correct answers to this question.
- A. Treasury and Risk Management (TRM)
- B. General Ledger Accounting (FI-GL)
- C. Accounts Receivable (FI-AR)
- D. Contracts Accounts (FI-CA)
Answer: A,D
NEW QUESTION # 60
Which settings can be configured to generate outgoing correspondence?Note: There are 3 correct answers to this question.
- A. Processing category
- B. Activity category
- C. Product type
- D. House bank account
- E. Transaction type
Answer: A,C,E
Explanation:
The settings that can be configured to generate outgoing correspondence are transaction type, product type, and processing category. Transaction type defines the business operation of a financial transaction, such as spot, forward, or swap. Product type defines the characteristics and attributes of a financial instrument, such as money market, foreign exchange, or securities. Processing category defines the business process steps for a financial transaction, such as valuation, settlement, or interest calculation. These settings determine the correspondence rules and templates that are used to create and send correspondence to counterparties or banks. Verified Reference: [Correspondence Overview], [Correspondence Configuration Guide]
NEW QUESTION # 61
Which of the following are types of hedging area? Note: There are 2 correct answers to this question.
- A. Period-based
- B. Risk-based
- C. Rule-based
- D. Reference-based
Answer: A,D
NEW QUESTION # 62
You implement Hedge Management and Hedge Accounting. Which of the following describes the hypothetical derivative?
- A. It is used to simulate accounting entries for hedging instruments.
- B. It is the representation of the hedging instrument.
- C. It is the representation of the hedged item.
- D. It is the link between the hedged item and hedging instrument.
Answer: C
NEW QUESTION # 63
Which of the following functions are performed in Credit Risk Analyzer? Note: There are 2 correct answers to this question.
- A. Asset/liability management (ALM) analysis
- B. Value-at-risk calculation
- C. Online limit check
- D. Monitor risk exposure
Answer: B,C
NEW QUESTION # 64
You are a consultant on an SAP S/4HANA Cloud greenfield project. As part of their clean core journey, the customer must analyze the current IT landscape to eliminate redundant systems and establish an efficient architectural design.
Which of the following can you use to do the analysis?
- A. SAP Cloud ALM
- B. Lean IX
- C. SAP Best Practices
- D. SAP Solution Manager
Answer: C
NEW QUESTION # 65
You want to use the basic cash management capability in SAP S/4HANA.Which functional features are provided with this setup?Note: There are 3 correct answers to this question.
- A. Manage workflows
- B. Payment advice reconciliation
- C. Manage memo records
- D. Monitor cash position
- E. Manage liquidity items
Answer: C,D,E
Explanation:
The functional features that are provided with the basic cash management capability in SAP S/4HANA are manage memo records, monitor cash position, and manage liquidity items. The basic cash management capability in SAP S/4HANA is a function that allows you to perform basic cash management tasks without activating additional components or licenses. The functional features that are provided with the basic cash management capability in SAP S/4HANA are manage memo records, which allow you to enter manual cash flows that are not reflected in accounting documents; monitor cash position, which allow you to view and analyze the cash inflows and outflows for bank accounts; and manage liquidity items, which allow you to classify and aggregate cash flows according to various criteria, such as cash flow type, currency, or bank account. Reference: https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020_002/en-US/f22248cc13f74872af15bd2eca741110.html
NEW QUESTION # 66
Your customer requires you to create a two-step approval process. All payment approver groups must receive the workflow approval request at the same time.Which approval sequence will you implement in Bank Account Management?
- A. Hierarchical approval pattern
- B. Sequential approval pattern
- C. Automatic approval pattern
- D. Non-sequential approval pattern
Answer: D
Explanation:
The approval sequence that you will implement in Bank Account Management for creating a two-step approval process where all payment approver groups receive the workflow approval request at the same time is non-sequential approval pattern. Bank Account Management is a function that allows you to create and maintain bank accounts and their attributes in SAP S/4HANA. An approval sequence is a setting that defines the order and conditions for approving a bank account change request by using workflows. A non-sequential approval pattern is a type of approval sequence that allows multiple approver groups to approve a change request simultaneously without any dependency. Reference: https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020_002/en-US/f22248cc13f74872af15bd2eca741110.html
NEW QUESTION # 67
Which of the following must be configured to use Liquidity Planning? Note: There are 2 correct answers to this question.
- A. SAP Liquidity Planner
- B. SAP S/4HANA on premise
- C. SAP Cash Application
- D. SAP Cloud Connector
Answer: A,B
NEW QUESTION # 68
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