Exam (elaborations)

C_S4CFI_2408 - SAP Certified Associate - Implementation Consultant - SAP S4HANA Cloud Public Edition, Financial Accounting

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Course
Computers

Institution
Computers

This certification validates the candidate's knowledge in implementing financial accounting solutions using SAP S/4HANA Cloud Public Edition. Candidates will understand key concepts, configurations, and processes associated with financial transactions, reporting, and compliance. They will demonstra...

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cs4cfi2408 sap certified associate implement

Institution Computers
Course Computers

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C_S4CFI_2408 - SAP Certified Associate - Implementation Consultant - SAP S4HANA Cloud
Public Edition, Financial Accounting
1. Which of the following is a key feature of Asset Accounting in SAP
S/4HANA?
o A) Integration with Sales and Distribution
o B) Real-time processing of asset transactions
o C) Multi-currency support for sales orders
o D) None of the above
Answer: B) Real-time processing of asset transactions
Explanation: Asset Accounting in SAP S/4HANA allows for real-time
processing of transactions, providing immediate updates to asset
values and balances.
2. What is the primary purpose of the Asset Accounting module in SAP
S/4HANA?
o A) To manage sales processes
o B) To track and manage fixed assets
o C) To oversee supplier relationships
o D) To handle human resources
Answer: B) To track and manage fixed assets
Explanation: The Asset Accounting module is designed to manage
the entire lifecycle of fixed assets, including acquisition, depreciation,
and retirement.
3. Which document type is generated when an asset is acquired in SAP
S/4HANA?
o A) Purchase order
o B) Asset acquisition document
o C) Journal entry
o D) Sales invoice
Answer: B) Asset acquisition document
Explanation: When an asset is acquired, SAP S/4HANA generates an

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,C_S4CFI_2408 - SAP Certified Associate - Implementation Consultant - SAP S4HANA Cloud
Public Edition, Financial Accounting
asset acquisition document that records the details of the
transaction.
4. How does SAP S/4HANA handle depreciation of assets?
o A) Depreciation is calculated only at year-end
o B) Depreciation can be calculated in real-time
o C) Depreciation must be entered manually each month
o D) Depreciation is not applicable in S/4HANA
Answer: B) Depreciation can be calculated in real-time
Explanation: SAP S/4HANA provides the capability to calculate
depreciation in real-time, allowing for more accurate financial
reporting.
5. What is the impact of the integration of Asset Accounting with Controlling
(CO) in SAP S/4HANA?
o A) It eliminates the need for financial reporting
o B) It enhances profitability analysis and cost tracking
o C) It separates asset management from financials
o D) It simplifies vendor management
Answer: B) It enhances profitability analysis and cost tracking
Explanation: The integration allows for better tracking of asset costs
and performance, improving profitability analysis within the CO
module.
6. Which of the following best describes the concept of "asset under
construction" in SAP S/4HANA?
o A) Assets that are sold but not delivered
o B) Assets that are in the process of being built and not yet
operational
o C) Assets that have been fully depreciated

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,C_S4CFI_2408 - SAP Certified Associate - Implementation Consultant - SAP S4HANA Cloud
Public Edition, Financial Accounting
o D) Assets that are leased from external parties
Answer: B) Assets that are in the process of being built and not yet
operational
Explanation: "Assets under construction" refers to investments in
assets that are not yet complete and therefore not ready for use.
7. What transaction code is used to post asset acquisitions in SAP S/4HANA?
o A) FB60
o B) F-02
o C) AB01
o D) MIRO
Answer: C) AB01
Explanation: The transaction code AB01 is specifically used for
posting asset acquisitions in the Asset Accounting module.
8. Which feature allows users to view the asset's current value and
accumulated depreciation in SAP S/4HANA?
o A) Asset explorer
o B) Depreciation calculator
o C) Asset transaction list
o D) Asset valuation report
Answer: A) Asset explorer
Explanation: The Asset Explorer in SAP S/4HANA provides a
comprehensive view of asset details, including current value and
accumulated depreciation.
9. In SAP S/4HANA, which depreciation method allows for an asset to be
depreciated in a straight-line manner over its useful life?
o A) Declining balance method
o B) Straight-line method
o C) Sum-of-the-years-digits method

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, C_S4CFI_2408 - SAP Certified Associate - Implementation Consultant - SAP S4HANA Cloud
Public Edition, Financial Accounting
o D) Units of production method
Answer: B) Straight-line method
Explanation: The straight-line method is a common depreciation
method where an equal amount is depreciated each period over the
asset's useful life.
10. Which of the following is a benefit of using SAP S/4HANA for Asset
Accounting?
o A) Increased manual data entry requirements
o B) Better integration with other financial modules
o C) Longer reporting cycles
o D) Limited reporting capabilities
Answer: B) Better integration with other financial modules
Explanation: SAP S/4HANA enhances integration across various
financial modules, improving overall data consistency and reporting
capabilities.
11. What is the primary purpose of performing a "transfer within
company code" for an asset?
o A) To sell the asset to another company
o B) To relocate the asset to a different company code without
changing its financial status
o C) To dispose of the asset
o D) To calculate its depreciation
Answer: B) To relocate the asset to a different company code
without changing its financial status
Explanation: The "transfer within company code" allows for the
reallocation of an asset while maintaining its financial records.
12. In the context of Asset Accounting, what is the significance of the
"useful life" of an asset?
o A) It determines the selling price of the asset

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Exam (elaborations)

C_S4CFI_2408 - SAP Certified Associate - Implementation Consultant - SAP S4HANA Cloud Public Edition, Financial Accounting

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