C_S4FCF_2021 SAP Certified Application Associate – Central Finance in SAP S/4HANA (SAP S/4HANA 2021) Exam

Delivery Methods: SAP Certification
Level: Associate
Exam: 80 questions
Sample Questions: View more
Cut Score: 64%
Duration: 180 mins
Languages: German, English, Spanish

Description
The “SAP Certified Associate – Central Finance in SAP S/4HANA 2021” certification exam validates that the candidate possesses the fundamental and core knowledge required of the Central Finance profile. This certification proves that the candidate has an overall understanding and in‐depth technical skills to participate as a member of a project team in a mentored role. This certification exam is recommended as an entry level qualification. It is recommended as verification the consultant is ready to contribute significantly to Central Finance implementation projects. It puts the consultant in a position to be onboarded to an implementation project quickly and to contribute to the project’s success right away. This certificate is the ideal starting point for a career as a Central Finance consultant. This certification exam is relevant for SAP S/4HANA Cloud, private edition and SAP S/4HANA on-premise.

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Notes
To ensure success, SAP recommends combining education courses and hands-on experience to prepare for your certification exam as questions will test your ability to apply the knowledge you have gained in training.
You are not allowed to use any reference materials during the certification test (no access to online documentation or to any SAP system).

Topic Areas
Please see below the list of topics that may be covered within this certification and the courses that cover them. Its accuracy does not constitute a legitimate claim; SAP reserves the right to update the exam content (topics, items, weighting) at any time.

Central Finance Landscape Architecture > 12%
Define options to SAP S/4HANA Central Finance Architecture links source systems to the central finance system. Design SLT technical integration platform for Central Finance. Describe MDG function in Central Finance for master harmonization. Descript AIF as interface and monitoring for Central Finance.
S4F60 (SAP S/4HANA 2021)
S4F61 (SAP S/4HANA 2021)

Real time Replication in Central Finance > 12%
Describe prerequisites to activate real time replication. Start real time replication. Correct errors of real time replication. Explain the document flow functionality of Central Finance. Perform document drill back from target system to source system.
S4F61 (SAP S/4HANA 2021)

Initial Load in Central Finance > 12%
Describe how to set a filter for the initial load of Cost Object. Resolve errors of cost object initial load. Execute initial load of FI/CO postings. Resolve errors of FI/CO posting initial load. Set filter for the initial load of CO internal posting, and resolve errors of CO internal posting initial load. Define validation and reconciliation in Central Finance. Perform reconciliation reports in Central Finance.

Central Finance Setup and Configuration 8% – 12%
Configure the scope for the initial load of FI/CO posting. Define decimal places for currencies. Differentiate between Key Mapping and Value Mapping. Define mapping actions for Mapping Entities. Define key mapping and value mappings. Configure Cost Object Mapping scenarios.
S4F61 (SAP S/4HANA 2021)

SAP Master Data Governance 8% – 12%
Describe MDG central governance and mass processing. Describe the general concepts and capabilities of SAP MDG, central governance. Activate and configure the default processes for MDG. Define MDG data models.
S4F60 (SAP S/4HANA 2021)
and
S4F61 (SAP S/4HANA 2021)
and
S4F601e OR S4F62e SAP LH content

System Landscape Transformation Server (SLT) 8% – 12%
Describe options for activating data replication and how to transfer data, including how to change structures to source tables during replication. Configure client specific and cross client replication. Describe starting recording and replication.
S4F61 (SAP S/4HANA 2021)

Corporate Finance Processes supported by Central Finance 8% – 12%
Define centralization of finance operations. Describe intercompany reconciliation in Central Finance. Determine open item management in Central Finance. Configure central payments and central down payments. Describe AR/AP reporting in Central Finance. Define SAP Credit Management. Describe the integration of Credit Management with Central Finance and the relationship between Credit Management and Central Payments.
S4F61 (SAP S/4HANA 2021)

Integration Technology ALE < 8%
Differentiate Application Link Enabling (ALE) from Electronic Data Interchange (ED). Define logical system or logical system name, message type, and distribution model. Designdistribution model. Configure logical system names and assign them to clients in SAP systems.
S4F61 (SAP S/4HANA 2021)
and
S4F601e OR S4F62e SAP LH content

Run Phase in Central Finance < 8%
Design the SAP S/4 HANA Central Finance project phases. Determine the SAP S/4HANA Central Finance pilot approach. Describe the required organizational change with SAP S/4HANA Central Finance. Determine the stakeholders involved in a Central Finance project. Define the change enablers and key success factors. Design the operation model for Central Finance, and daily operations that might be needed in Central Finance.
S4F60 (SAP S/4HANA 2021)
S4F61 (SAP S/4HANA 2021)

System Integration Concepts < 8%
Describe technical communications modes and processes. Design the types of communication transfer modes. Explain business scenarios and the business hierarchy used by SAPConfigure RFC between two SAP systems, or non-SAP system.
S4F61 (SAP S/4HANA 2021)
and
S4F601e OR S4F62e SAP LH content

General Information

Exam Preparation
All SAP consultant certifications are available as Cloud Certifications in the Certification Hub and can be booked with product code CER006. With CER006 – SAP Certification in the Cloud, you can take up to six exams attempts of your choice in one year – from wherever and whenever it suits you! Test dates can be chosen and booked individually.

Each specific certification comes with its own set of preparation tactics. We define them as “Topic Areas” and they can be found on each exam description. You can find the number of questions, the duration of the exam, what areas you will be tested on, and recommended course work and content you can reference.

Certification exams might contain unscored items that are being tested for upcoming releases of the exam. These unscored items are randomly distributed across the certification topics and are not counted towards the final score. The total number of items of an examination as advertised in the Training Shop is never exceeded when unscored items are used.

Please be aware that the professional- level certification also requires several years of practical on-the-job experience and addresses real-life scenarios.

For more information refer to our SAP Certification FAQs.

Safeguarding the Value of Certification
SAP Education has worked hard together with the Certification & Enablement Influence Council to enhance the value of certification and improve the exams. An increasing number of customers and partners are now looking towards certification as a reliable benchmark to safeguard their investments. Unfortunately, the increased demand for certification has brought with it a growing number of people who to try and attain SAP certification through unfair means. This ongoing issue has prompted SAP Education to place a new focus on test security. Our Certification Test Security Guidelines will help you as test taker to understand the testing experience.

Security Guidelines

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Sample Question and Answers

QUESTION 1
Which master data is supported with SAP Master Data Governance, Financials (MDG-F)?
Note: There are 2 correct answers to this question.

A. Financial planning data
B. Profit center hierarchies
C. Fixed asset master
D. General ledger accounts

Answer: A, B

QUESTION 2
A customer is preparing the Central Finance landscape.
What are considerations for SLT deployment on existing source or target systems?
Note: There are 3 correct answers to this question.

A. There is better replication performance because there is no network connection required to the Central Finance system.
B. SLT deployed in the source system has direct access to any data in the Central Finance system.
C. Other source systems that are connected to SLT have no impact on the performance and stability of the source system with deployed SLT.
D. SLT has direct access to any data in the source system.
E. Upgrades and updates of the source system with deployed SLT impact the replication of other source systems.

Answer: A, B, D

QUESTION 3
You need to set up a central Credit Management landscape in Central Finance.
Which distribution settings does SAP recommend to determine the credit limit?
Note: There are 2 correct answers to this question.

A. Web services
B. Credit Manager Portal
C. Process Integration (PI)
D. WebDynpro

Answer: A, C

QUESTION 4
What activities are typically performed by operational teams on a daily basis between the source system and the Central Finance system?
Note: There are 3 correct answers to this question.

A. Check AIF monitor
B. Payment methods
C. Authorization updates
D. Exchange rates
E. Internal order mapping

Answer: A, C, D

QUESTION 5
Which transactions can you use to drill back to the source document?
Note: There are 2 correct answers to this question.

A. CO document display (KSB5)
B. SLT monitor (LTRC)
C. Change document display (FSCD)
D. FI document display (FB03)

Answer: A, D