C_S4FTR_2021 Premium PDF & Test Engine Files with 83 Questions & Answers
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NEW QUESTION # 23
When defining a liquidity item, what must be specified?
- A. Certainty level
- B. Cash flow direction
- C. Planning level
- D. Flow type
Answer: B
NEW QUESTION # 24
Your company is using SAP Bank Communication Management.Which parameter determines if payments in the payment run are routed through SAP Bank Communication Management?
- A. Payment method
- B. Payment run identification
- C. Payment medium format
- D. Paying company code
Answer: C
NEW QUESTION # 25
When deriving liquidity items, the system first tries to apply the assigned query sequences.In which use cases is a query sequence required to derive liquidity items?Note: There are 3 correct answers to this question.
- A. To derive liquidity items from various fields of the accounting document
- B. To derive liquidity items from G/L accounts
- C. To derive liquidity items from the incoming bank statements
- D. To derive liquidity items from remote systems
- E. To derive liquidity items from source applications such as Treasury and Risk Management
Answer: A,B,C
NEW QUESTION # 26
Which types of payments can be processed with the Automatic Payment Transactions for Payment Requests app?Note: There are 2 correct answers to this question.
- A. Mobile payments
- B. Payroll payments
- C. In-house cash payments
- D. Freeform payments
Answer: C,D
Explanation:
Explanation
The types of payments that can be processed with the Automatic Payment Transactions for Payment Requests app are in-house cash payments and freeform payments. The Automatic Payment Transactions for Payment Requests app is a SAP Fiori app that allows you to process payment requests from various sources, such as Treasury, Travel Management, or third-party systems. In-house cash payments are payment requests that are processed by using SAP In-House Cash as an internal payment provider. Freeform payments are payment requests that do not have any reference documents or invoices in SAP S/4HANA.
References:https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020_002/en-US/f22248cc13f748
NEW QUESTION # 27
Which of the following procedures are supported when configuring the accrual/deferral functionality?Note:
There are 2 correct answers to this question.
- A. Reset
- B. Difference
- C. Amortization
- D. Partial
Answer: B,C
Explanation:
Explanation
The accrual/deferral functionality is a function that allows you to accrue or defer interest or other cash flows for financial transactions. The procedures that are supported when configuring the accrual/deferral functionality are difference and amortization. Difference is a procedure that calculates the difference between the planned and posted cash flows and posts it as an accrual or deferral. Amortization is a procedure that calculates the amortized cost of a financial transaction and posts the difference between the nominal value and the amortized cost as an accrual or deferral.
References:https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020.002/en-US/3a3a8f6f7a6e4c2
NEW QUESTION # 28
How does SAP support parallel interest conditions?
- A. Interest calculation method
- B. Multiple condition items
- C. Condition groups
- D. Parallel shifts of yield curves
Answer: B
Explanation:
Explanation
SAP supports parallel interest conditions by using multiple condition items. Parallel interest conditions are interest conditions that use different interest calculation methods or interest rates for the same financial transaction. Multiple condition items are condition items that have the same condition type but different attributes, such as validity period, interest rate, or calculation method. You can use multiple condition items to define parallel interest conditions for a financial transaction.
References:https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020.002/en-US/3a3a8f6f7a6e4c2
NEW QUESTION # 29
You are preparing scenarios in Market Risk Analyzer for testing purposes.Which market data can you use to create scenarios?Note: There are 2 correct answers to this question.
- A. Security prices
- B. Default rates
- C. Yield curves
- D. Correlations
Answer: A,C
Explanation:
Explanation
The market data that you can use to create scenarios in Market Risk Analyzer are security prices and yield curves. Market Risk Analyzer is a submodule of Financial Risk Management that allows you to perform market risk analysis for financial transactions and positions based on various scenarios and key figures. A scenario is a set of assumptions about future market conditions that affect the valuation of financial transactions and positions. The market data that you can use to create scenarios in Market Risk Analyzer are security prices, which define the market prices of securities; and yield curves, which define the relationship between interest rates and maturities of debt instruments.
References:https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020_002/en-US/3a3a8f6f7a6e4c2
NEW QUESTION # 30
Your company experiences low automatic reconciliation for incoming payments. You therefore decide to use machine learning to improve the clearing automation.What do you use to support this kind of functionality?
- A. SAP digital payments add-on
- B. SAP S/4HANA Cloud for advanced payment management
- C. SAP Multi-Bank Connectivity
- D. SAP Cash Application
Answer: D
NEW QUESTION # 31
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. Automatic approval pattern
- B. Non-sequential approval pattern
- C. Hierarchical approval pattern
- D. Sequential approval pattern
Answer: B
Explanation:
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.
References:https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020_002/en-US/f22248cc13f748
NEW QUESTION # 32
You are centralizing your SAP S/4HANA Finance for cash management processes and bringing in data from a non-SAP remote finance system.When you maintain the connectivity path for remote bank accounts, what are the fields of the input file that are part of the bank cash balance update?Note: There are 2 correct answers to this question.
- A. Bank key
- B. G/L account number
- C. Account ID
- D. Value date
Answer: C
NEW QUESTION # 33
What does the Manage Banks SAP Fiori app allow you to do?Note: There are 2 correct answers to this question.
- A. Associate house banks, contact persons, and business partners with your banks.
- B. Create, edit, and delete bank accounts and house bank accounts.
- C. Define bank risk partners for the banks.
- D. Navigate to other SAP Fiori apps, such as Manage Bank Statements and Cash Flow Analyzer.
Answer: A,D
Explanation:
Explanation
The functions that the Manage Banks SAP Fiori app allows you to do are navigate to other SAP Fiori apps, such as Manage Bank Statements and Cash Flow Analyzer; and associate house banks, contact persons, and business partners with your banks. Manage Banks is a SAP Fiori app that allows you to create and maintain banks and their attributes in SAP S/4HANA by using a master data approach. The functions that the Manage Banks SAP Fiori app allows you to do are navigate to other SAP Fiori apps, such as Manage Bank Statements and Cash Flow Analyzer, which allow you to perform various cash management tasks related to bank statements and cash flows; and associate house banks, contact persons, and business partners with your banks, which allow you to define the relationships between banks and other entities involved in bank communication and transactions.
References:https://help.sap.com/viewer/product/SAP_S4HANA_FINANCE_FOR_CASH_MANAGEMENT/en
NEW QUESTION # 34
You are configuring the correspondence settings for a business partner group.Which settings can you select?Note: There are 2 correct answers to this question.
- A. Counter confirmation required
- B. Dual control required
- C. Contract settlement required
- D. Automatic correspondence
Answer: A,D
NEW QUESTION # 35
When defining payment methods, which setting is made at country level?
- A. Account determination
- B. Minimum payment amounts
- C. Payment medium format
- D. Payment ranking order
Answer: C
NEW QUESTION # 36
You are building a planning model in SAP Analytics Cloud.Which settings do you need to specify for currency conversion?Note: There are 2 correct answers to this question.
- A. Parallel currencies
- B. Currency dimension
- C. Default currency
- D. Currency unit
Answer: C,D
NEW QUESTION # 37
You are implementing Market Risk Analyzer and need to enable specific evaluation type settings via product type.What must you use?
- A. Valuation rules
- B. Valuation areas
- C. Valuation procedures
- D. Valuation classes
Answer: A
NEW QUESTION # 38
You want to post subscription rights for a capital increase.Which function would you use?
- A. Post and Fix (from status Planned) (TPM18)
- B. Post Flows (TBB1)
- C. Manual Debit Position (FWZE)
- D. Corporate Action (FWKB)
Answer: D
NEW QUESTION # 39
What are the key components included in the Hedge Management Cockpit?Note: There are 3 correct answers to this question.
- A. Hedging scenarios
- B. Hedging instruments
- C. Exposures
- D. Hedge requests
- E. Accounting principles
Answer: B,C,D
NEW QUESTION # 40
You are implementing Credit Risk Analyzer.Which of the following describes counterparty risk?Note: There are 2 correct answers to this question.
- A. It relates to a counterparty not fulfilling their contractual agreements.
- B. It exists only during the settlement period of the trades.
- C. It is reportable in Market Risk Analyzer.
- D. It is subdivided into credit risk and settlement risk.
Answer: B,C
NEW QUESTION # 41
When defining payment methods, which setting is made at country level?
- A. Account determination
- B. Minimum payment amounts
- C. Payment ranking order
- D. Payment medium format
Answer: C
Explanation:
Explanation
When defining payment methods, the payment ranking order is a setting that is made at country level. The payment ranking order determines the priority of payment methods for clearing open items within a country.
The payment method with the lowest ranking order number has the highest priority and is selected first.
References:https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020.002/en-US/3a3a8f6f7a6e4c2
NEW QUESTION # 42
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 fair value hedges, the effective portion of the change in fair value of the HI
- B. For cash flow hedges, the effective portion of the gain or loss of the HI
- C. For fair value hedges, the non-effective portion of the change in fair value of the HI
- D. For cash flow hedges, the non-effective portion of the gain or loss of the HI
Answer: D
NEW QUESTION # 43
What are some factors to consider when using flow types in SAP Cash Management?Note: There are 2 correct answers to this question.
- A. They allow classification of customers and vendors in the cash forecast.
- B. They represent the source of the cash flow.
- C. They distinguish forecasted cash flows from confirmed cash flows.
- D. The flow types from 20 to 80 are forecasted cash flows.
Answer: C,D
Explanation:
Explanation
Some factors to consider when using flow types in SAP Cash Management are the range of flow types and their function of distinguishing forecasted cash flows from confirmed cash flows. Flow types are codes that classify cash flows according to their source and direction. The flow types from 20 to 80 are forecasted cash flows that are derived from open items or planned transactions. They distinguish forecasted cash flows from confirmed cash flows that are derived from posted documents or bank statements and have flow types from 01 to 19.
References:https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020.002/en-US/3a3a8f6f7a6e4c2
NEW QUESTION # 44
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