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SAP Certified Associate - Implementation Consultant - SAP S/4HANA Cloud Public Edition, Financial Accounting Sample Questions (Q25-Q30):

NEW QUESTION # 25
What are some characteristics of public cloud? Note: There are 2 correct answers to this question

A. Perpetual license
B. Multitenant server
C. Lower total cost of ownership
D. Software installation on customer site

Answer: B,C

Explanation:
Characteristics of public cloud include: B. Lower total cost of ownership: Public cloud services often lead to lower total cost of ownership (TCO) due to shared resources, economies of scale, and the cloud provider managing the infrastructure, which reduces the IT overhead for customers. D. Multitenant server: Public cloud environments typically employ a multitenancy architecture, where a single instance of software and its supporting infrastructure serves multiple customers. Each customer shares the underlying infrastructure, but their data is kept separate.
References:
Public cloud services and deployment models overview
Cloud computing principles and architectures

NEW QUESTION # 26
Based on the SAP Activate methodology, which activities must you perform in the Explore phase? Note: There are 2 correct answers to this question

A. Conduct the Digital Discovery Assessment to identify extension requirements.
B. Use the Test system to demonstrate SAP Best Practice processes.
C. Conduct the Fit-to-Standard analysis to gather configuration values
D. Define the organizational structure and chart of accounts

Answer: C,D

Explanation:
In the Explore phase of the SAP Activate methodology for implementing SAP S/4HANA Cloud Public Edition, two crucial activities include defining the organizational structure and chart of accounts, and conducting the Fit-to-Standard analysis to gather configuration values. Defining the organizational structure and chart of accounts is essential for tailoring the SAP system to the specific business and reporting needs of the organization. The Fit-to-Standard analysis involves reviewing SAP Best Practices and standard functionalities against the business processes to identify necessary configurations and potential gaps, ensuring that the SAP solution aligns closely with the business requirements.
References:
SAP Activate Methodology Guide
SAP S/4HANA Cloud setup and configuration documentation

NEW QUESTION # 27
On what level can you restrict postings using the posting period variant? Note: There are 2 correct answers to this question

A. Fixed asset number
B. Supplier account
C. Customer reconciliation account
D. G/L account

Answer: C,D

Explanation:
Using the posting period variant in SAP S/4HANA Cloud Public Edition, you can restrict postings at the level of the Customer reconciliation account and General Ledger (G/L) account. This feature enables organizations to control the posting periods for specific accounts, ensuring that postings are made only within the designated periods. It's particularly useful for managing the closing of financial periods and ensuring the integrity of financial data.
References:
SAP S/4HANA Cloud Financial Accounting configuration guide
SAP Help Portal on posting period variant settings

NEW QUESTION # 28
What is the role of the valuation method in the foreign currency valuation of accounts payable? Note: There are 3 answers to this question.

A. Define the valuation procedure
B. Determine the G/L accounts for the valuation posting
C. Define the posting and reversal date for the valuation posting
D. Define the exchange rate type
E. Define the document type for the valuation posting

Answer: A,B,D

Explanation:
In the context of foreign currency valuation for accounts payable in SAP S/4HANA Cloud Public Edition, the valuation method plays a critical role in several aspects. Firstly, it defines the exchange rate type to be used for the valuation, which determines how the exchange rates are sourced and applied during the valuation process. Secondly, it determines the G/L accounts that will be affected by the valuation postings, ensuring that currency gains or losses are recorded in the appropriate financial accounts. Lastly, the valuation method defines the valuation procedure, which outlines the specific rules and conditions under which the valuation is performed, such as whether historical rates are used, whether realized gains and losses are considered, and the method for valuing open items and balances.
References:
SAP Help Portal documentation on Foreign Currency Valuation
SAP S/4HANA Cloud user guides for Financial Accounting

NEW QUESTION # 29
In which type of extensibility is the SAP Business Technology Platform used to host a custom extension?

A. Developer extensibility
B. Key user extensibility
C. Classic extensibility
D. Side-by-side extensibility

Answer: D

Explanation:
In the context of SAP S/4HANA Cloud Public Edition, the SAP Business Technology Platform (BTP) is used to host custom extensions as part of the 'Side-by-side extensibility' model. This approach allows for the development and running of custom applications on the SAP BTP, which interact with the core SAP S/4HANA Cloud system through secure, integrated services and APIs, thus extending the functionality without directly modifying the core system.
References:
SAP S/4HANA Cloud Extensibility Guide
SAP BTP documentation on Side-by-side Extensibility

NEW QUESTION # 30
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