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CFIN Exam 2 REVIEW QUESTIONS WITH CERTIFIED ANSWERS – UPDATED!!!

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CFIN Exam 2 REVIEW QUESTIONS WITH CERTIFIED ANSWERS – UPDATED!!! Which processes support intercompany reconciliation in Central Finance? There are 2 correct answers to this question. Response: -Reconciliation of open dispute cases -Reconciliation of open payments -Reconciliation of GL acco...

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  • October 4, 2024
  • 19
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • cfin
  • cfin exam 2 review questions with certified answer

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CFIN Exam 2 REVIEW QUESTIONS
WITH CERTIFIED ANSWERS –
UPDATED!!!
Which processes support intercompany reconciliation in Central Finance?
There are 2 correct answers to this question.
Response:
-Reconciliation of open dispute cases
-Reconciliation of open payments
-Reconciliation of GL account open items
-Reconciliation of vender/customer open items - Answer--Reconciliation of GL account
open items
-Reconciliation of vender/customer open items

Customer using 3 production systems (ERP systems) and would like to reduce no. of
production instances and continue to post day to day business postings.
Which Simple Finance scenario best suit to customer?
Please choose the correct answer.
Response:
-Replicate into central finance
-Upgrade & Migrate
-Upgrade, Migrate and Consolidate - Answer--Upgrade, Migrate and Consolidate

SAP Simple finance is a
There are 3 correct answers to this question.
Response:
-Predictive-Dynamic planning and analysis
-Agile-Real time processes
-Aligned-single source of truth
-None of the above - Answer--Predictive-Dynamic planning and analysis
-Agile-Real time processes
-Aligned-single source of truth

What is to be posted into Central Finance, the system needs to translate the customer
ID in the document?
Please choose the correct answer.
Response:
-The costs are determined by the cost estimate of the reference order
-An invoice for the customer
-The standard cost estimate is copied from the material master and adjusted by the
order quantity

,-The actual quantities are valuated with plan values - Answer--An invoice for the
customer

In A two system landscape, you want to transport SAP HANA information models from
the source system to a target system. The source system has information objects that
refer to physical schema S1.
The target system uses physical schema S2. When you import information objects into
the target system, the information objects at the target cannot be opened as they still
refer to schema S1.
What must you do to be able to open the information objects in the target system?
There are 2 correct answers to this question.
Response:
-Execute a factoring
-Create a new schema
-Re import the information models
-Add a schema mapping
-Execute a refactoring - Answer--Re import the information models
-Add a schema mapping

Which system/function use the System Landscape Directory (SLD) to determine the
local business system?
Please choose the correct answer.
Response:
-Activate central payment by company code
-Central Project (WBS) - Reporting Scenario
-Central Finance
-Partial Payments integration - Answer--Central Project (WBS) - Reporting Scenario

User A has to set up tables and views in a database schema that is owned by user B.
Which of the following privilege must you grant?
Please choose the correct answer.
Response:
-References to user B
-Create any to user B
-Create any to user A
-References to user A - Answer--Create any to user A

What is the objective of Central Finance approach?
Please choose the correct answer.
Response:
-Deploying S/4HANA Finance as a "central finance" allows customers to consolidate
without harmonizing of master data from different systems
-A Deploying S/4HANA Finance as a "central finance" allows customers to adopt the
latest SAP innovations without disrupting their existing ERP systems - Answer--A
Deploying S/4HANA Finance as a "central finance" allows customers to adopt the latest
SAP innovations without disrupting their existing ERP systems

, In which table is the FI/CO initial load extracted?
Please choose the correct answer.
Response:
-Accounting document line items table (BSEG)
-Universal journal entry line table (ACDOCA)
-Central finance transfer table (CFIN_ACCHD)
-Accounting document header table (BKPF) - Answer--Central finance transfer table
(CFIN_ACCHD)

What must be configured so it can be carried out when accounting documents from
source systems are posted into the Central Finance system?
Please choose the correct answer.
Response:
-The PA transfer structure of the order
-The sender and receiver to be assigned to the same profit center
-Data mapping
-The system and the user status - Answer--The sender and receiver to be assigned to
the same profit center

On which level can you maintain and differentiate global data types during value
mapping?
There are 3 correct answers to this question.
Response:
-Source system
-Client
-Company code
-List ID
-Validity date - Answer--Source system
-Company code
-List ID

The SAP Application Interface Framework is
Please select all the correct answers that apply.
Response:
-an alerting system
-a tool to manually send single posts to the target system
-a framework for interface implementation
-a framework for error handling - Answer--an alerting system
-a framework for interface implementation
-a framework for error handling

What is the outcome of Central Finance approach?
Please select all the correct answers that apply.
Response:
-Integration to central logistics processes

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