SAP Certified Application Associate - Treasury with SAP S/4HANA (SAP S/4HANA 2021) Practice Tests 2023 | Pass C-S4FTR-2021 with confidence!
Practice SAP Certified Application Associate C-S4FTR-2021 exam. Online Exam Practice Tests with detailed explanations!
The C_S4FTR_2021 exam consists of 80 multiple-choice questions that must be completed within 180 minutes. The passing score for the exam is 65%, and candidates who pass the exam will receive the SAP Certified Application Associate - Treasury with SAP S/4HANA certification. SAP Certified Application Associate - Treasury with SAP S/4HANA (SAP S/4HANA 2021) certification is valid for two years and can be renewed by passing a recertification exam.
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SAP C-S4FTR-2021 (SAP Certified Application Associate - Treasury with SAP S/4HANA (SAP S/4HANA 2021)) Certification Exam is a globally recognized certification exam that verifies the fundamental knowledge and skills of candidates in the field of SAP Treasury with SAP S/4HANA. SAP Certified Application Associate - Treasury with SAP S/4HANA (SAP S/4HANA 2021) certification exam validates that a candidate has a comprehensive understanding of the core concepts and functionalities of SAP Treasury with SAP S/4HANA, including cash and liquidity management, debt and investment management, risk management, and bank connectivity.
NEW QUESTION # 34
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 cash flow hedges, the effective portion of the gain or loss of the HI
- B. For cash flow hedges, the non-effective portion of the gain or loss of the HI
- C. For fair value hedges, the effective portion of the change in fair value of the HI
- D. For fair value hedges, the non-effective portion of the change in fair value of the HI
Answer: B
NEW QUESTION # 35
Which activity categories can you configure to initiate the deal release workflow for a money market transaction?Note: There are 3 correct answers to this question.
- A. Rollover
- B. Underlying
- C. Contract
- D. Interest rate adjustment
- E. Fixing
Answer: A,C,D
Explanation:
Explanation
The activity categories that can be configured to initiate the deal release workflow for a money market transaction are rollover, interest rate adjustment, and contract. The deal release workflow is a function that allows you to control and approve financial transactions before they are posted to accounting. The activity category defines the business event that triggers the deal release workflow, such as rollover of a term deposit, interest rate adjustment of a variable rate loan, or creation of a new money market transaction.
References:https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020.002/en-US/3a3a8f6f7a6e4c2
NEW QUESTION # 36
You work with pre converted currency data for liquidity planning in SAP Analytics Cloud.To which category can this data be applied?
- A. Budget
- B. Actuals
- C. Forecast
- D. Planning
Answer: B
Explanation:
Explanation
You can apply pre converted currency data to the Actuals category for liquidity planning in SAP Analytics Cloud. This category represents the actual cash flows that have occurred in the past. You can use this data to compare with other categories, such as Forecast, Budget, or Planning, which represent the expected or planned cash flows for the future. Verified References: Liquidity Planning in SAP Analytics Cloud, Pre Converted Currency Data
NEW QUESTION # 37
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 Multi-Bank Connectivity
- B. SAP digital payments add-on
- C. SAP S/4HANA Cloud for advanced payment management
- D. SAP Cash Application
Answer: D
NEW QUESTION # 38
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. Paying company code
- B. Payment medium format
- C. Payment method
- D. Payment run identification
Answer: C
Explanation:
Explanation
The parameter that determines if payments in the payment run are routed through SAP Bank Communication Management is payment method. SAP Bank Communication Management is a function that allows you to monitor and control outgoing payments and bank statements in a centralized way. The payment method is a setting that defines the characteristics and processing rules for payments, such as bank transfer, check, or direct debit. The payment method determines whether the payments in the payment run are routed through SAP Bank Communication Management for approval and status tracking by using the payment medium format or the payment medium workbench.
References:https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020_002/en-US/f22248cc13f748
NEW QUESTION # 39
Your organization would like to use the review process for bank accounts.In which SAP Fiori app do you initiate this process?
- A. Manage Banks
- B. Manage Bank Accounts
- C. Review Bank Accounts
- D. My Sent Requests - For Bank Accounts
Answer: C
NEW QUESTION # 40
Which of the following key figures are included in the Hedge Management Cockpit?Note: Thereare 3 correct answers to this question.
- A. Target quota
- B. Hedge quota
- C. Designation types
- D. Hedging profile
- E. Amount to hedge
Answer: A,B,E
Explanation:
Explanation
The key figures that are included in the Hedge Management Cockpit are hedge quota, target quota, and amount to hedge. The Hedge Management Cockpit is a SAP Fiori app that provides an overview of hedge management activities and allows you to perform various tasks related to hedge accounting. The key figures that are displayed in the Hedge Management Cockpit are hedge quota, which is the ratio of hedged amount to exposure amount; target quota, which is the desired ratio of hedged amount to exposure amount; and amount to hedge, which is the difference between exposure amount and hedged amount.
References:https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020.002/en-US/3a3a8f6f7a6e4c2
NEW QUESTION # 41
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. Navigate to other SAP Fiori apps, such as Manage Bank Statements and Cash Flow Analyzer.
- C. Create, edit, and delete bank accounts and house bank accounts.
- D. Define bank risk partners for the banks.
Answer: A
NEW QUESTION # 42
What are the available options when you configure the bank account revision process?Note: There are 3 correct answers to this question.
- A. Activate directly
- B. Activate sequentially
- C. Activate via dual control
- D. Activate via two-factor authorization
- E. Activate via workflow
Answer: B,C,E
Explanation:
Explanation
The bank account revision process can be configured with three options: activate sequentially, activate via workflow, and activate via dual control. These options determine how the bank account changes are approved and activated by the reviewers. The activate sequentially option allows the reviewers to approve the changes in a predefined sequence. The activate via workflow option allows the reviewers to approve the changes in parallel or in a flexible sequence using SAP Business Workflow. The activate via dual control option allows the reviewers to approve the changes in parallel using a two-factor authorization method. References:
https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020.002/en-US/3a3a8f6f7a6e4c2b8d5b8f1e2
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 distinguish forecasted cash flows from confirmed cash flows.
- B. The flow types from 20 to 80 are forecasted cash flows.
- C. They allow classification of customers and vendors in the cash forecast.
- D. They represent the source of the cash flow.
Answer: A,B
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
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. Navigate to other SAP Fiori apps, such as Manage Bank Statements and Cash Flow Analyzer.
- D. Define bank risk partners for the banks.
Answer: A,C
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 # 45
Which of the following describes SAP Multi-Bank Connectivity?
- A. There are development, test, and production tenants.
- B. Integration can be established with member banks only.
- C. There is embedded SWIFT network connectivity.
- D. There are minimal additional hardware costs.
Answer: C
NEW QUESTION # 46
Which source applications use origin X when defining queries and query sequences?Note: There are 2 correct answers to this question.
- A. Treasury and Risk Management (TRM)
- B. General Ledger Accounting (FI-GL)
- C. Contracts Accounts (FI-CA)
- D. Accounts Receivable (FI-AR)
Answer: B,D
Explanation:
Explanation
The source applications that use origin X when defining queries and query sequences are General Ledger Accounting (FI-GL) and Accounts Receivable (FI-AR). A query is a parameter that defines how liquidity items are derived from various data sources and fields based on certain conditions. A query sequence is a parameter that defines the order and conditions for deriving liquidity items based on various queries. A liquidity item is a parameter that represents an account dimension in the liquidity planning model. A source application is a system or component that provides cash flow data for liquidity planning purposes. An origin is a parameter that defines the source application from which cash flow data are derived. The source applications that use origin X when defining queries and query sequences are General Ledger Accounting (FI-GL), which provides cash flow data from G/L accounts; and Accounts Receivable (FI-AR), which provides cash flow data from customer invoices. References:
https://help.sap.com/viewer/product/SAP_S4HANA_FINANCE_FOR_CASH_MANAGEMENT/en-US
NEW QUESTION # 47
You want to use the SOFR risk-free rate (RFR).For which product categories can parallel interest conditions be activated?Note: There are 2 correct answers to this question.
- A. 550 - Interest Rate Instrument
- B. 040 - Bonds
- C. 540 - Cash Flow Transaction
- D. 600 - FX Transaction
Answer: A,B
Explanation:
Explanation
The product categories that can activate parallel interest conditions for using the SOFR risk-free rate (RFR) are 040 - Bonds and 550 - Interest Rate Instrument. SOFR is one of the alternative risk-free rates (RFRs) that are replacing LIBOR as a benchmark interest rate for financial transactions. Parallel interest conditions are interest conditions that use different interest calculation methods or interest rates for the same financial transaction. You can activate parallel interest conditions for product categories 040 - Bonds and 550 - Interest Rate Instrument by using parallel shifts of yield curves or lookback interest calculation methods.
References:https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020.002/en-US/3a3a8f6f7a6e4c2
NEW QUESTION # 48
Which G/L account type must be set when working with the bank reconciliation ledger?
- A. Balance sheet account
- B. Bank sub account
- C. Bank reconciliation account
- D. Cash account
Answer: B
Explanation:
Explanation
The G/L account type that must be set when working with the bank reconciliation ledger is bank sub account.
Bank sub account is a special type of G/L account that is used to record the bank statement items that are not yet reconciled with the accounting documents. It allows you to perform bank reconciliation at a more granular level and track the status of each bank statement item. Verified References: [Bank Reconciliation Ledger Overview], [Bank Reconciliation Ledger Configuration Guide]
NEW QUESTION # 49
When defining a liquidity item, what must be specified?
- A. Flow type
- B. Planning level
- C. Certainty level
- D. Cash flow direction
Answer: D
Explanation:
Explanation
The parameter that must be specified when defining a liquidity item is cash flow direction. A liquidity item is a parameter that represents an account dimension in the liquidity planning model. A liquidity item defines how cash flows are classified and aggregated in the liquidity plan according to various criteria, such as cash flow type, currency, or bank account. The parameter that must be specified when defining a liquidity item is cash flow direction, which defines whether the cash flow is an inflow or an outflow for the liquidity item.
References:
https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020_002/en-US/3a3a8f6f7a6e4c2b8d5b8f1e2
NEW QUESTION # 50
You are configuring workflow processes for Bank Account Management.What options do you have to group a mass change request when workflows are enabled?Note: There are 2 correct answers to this question.
- A. Bank country
- B. Account type
- C. Company code
- D. Account currency
Answer: B,C
NEW QUESTION # 51
Which product types are part of the Money Market submodule?Note: There are 3 correct answers to this question.
- A. Letters of credit
- B. Commercial paper
- C. Cash flow transaction
- D. Current account-style instrument
- E. Subscription rights
Answer: B,C,D
NEW QUESTION # 52
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 Multi-Bank Connectivity
- B. SAP digital payments add-on
- C. SAP S/4HANA Cloud for advanced payment management
- D. SAP Cash Application
Answer: D
Explanation:
Explanation
You can use SAP Cash Application to improve the clearing automation for incoming payments. SAP Cash Application is a cloud-based service that uses machine learning to match incoming bank statement items with open receivables. It learns from past manual clearing actions and applies intelligent algorithms to propose matches with high accuracy. It also provides explanations for the proposed matches and allows users to confirm or reject them. References:
https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020.002/en-US/3a3a8f6f7a6e4c2b8d5b8f1e2
NEW QUESTION # 53
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. Paying company code
- B. Payment method
- C. Payment medium format
- D. Payment run identification
Answer: C
NEW QUESTION # 54
You are using Credit Risk Analyzer.At what point is the single transaction check executed for a money market trade?Note: There are 2 correct answers to this question.
- A. When the check icon is clicked
- B. When the trade is saved
- C. When the limit utilization analysis is executed
- D. When settling the trade
Answer: A,D
NEW QUESTION # 55
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