C_S4CFI_2308 Exam Dumps - SAP Certified Application Associate Questions and Answers

A letter of credit is an instrument that you can apply for as a buyer of goods to secure the transaction. A letter of credit is a type of trade finance transaction where a bank guarantees payment to a seller on behalf of a buyer, subject to certain conditions being met. Commercial paper, bank guarantee, and zero-coupon bond are not instruments that you can apply for as a buyer of goods. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/b6e2e2e06e4946ecad2ab27af385aa72.html

The activities that are completed in SAP Central Business Configuration are:

• Add extensions to standard processes
• Add customer-specific data within SAP Best Practices content SAP Central Business Configuration is a tool that allows you to configure and customize your SAP S/4HANA Cloud solution using predefined content and settings. You cannot use SAP Central Business Configuration to create customer-specific master data, activate countries not covered by SAP Best Practices, or create new business processes. References: https://help.sap.com/viewer/product/SAP_CENTRAL_BUSINESS_CONFIGURATION/latest/en-US

SAP Cash Application uses historical data from electronic bank statements and payment advices to train the machine learning model. The model learns from the past clearing patterns and applies them to new incoming payments. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/9e9a7e16afef4cc0ad2ab27af385aa72.html

You use the Cloud ABAP Web Editor to change or add business rules and business logic in the key user extensibility scenario. The Cloud ABAP Web Editor is a tool that allows you to create and edit custom business objects, custom CDS views, custom code lists, and custom logic using ABAP in SAP S/4HANA Cloud. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/b6e2e2e06e4946ecad2ab27af385aa72.html

Financial Accounting is the entity that deals with processing the bank account statement and journal entries for bank / credit card settlement accounts. Financial Accounting handles all transactions related to bank accounts and payments. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

You can configure journal entry substitution rules with the following substitution types: substitute with field value, substitute with formula value, and substitute with constant value. You cannot clear field value or substitute with previous value as substitution types. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

When creating an account for costs of printing marketing materials, you should choose primary cost account as the account type. Primary cost accounts are used to record costs that are incurred directly by a cost object, such as materials or services purchased from external vendors. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

Business exception detection is one of the functions of SAP Financial Statement Insight that utilizes machine learning. Business exception detection is a feature that identifies and highlights unusual patterns or outliers in financial data based on machine learning algorithms. Visualization of account group performance, dynamic adaptation of hierarchical structures, and flexible comparisons across multiple characteristics are not functions that utilize machine learning. References: https://help.sap.com/viewer/product/SAP_FINANCIAL_STATEMENT_INSIGHT/latest/en-US

You can download a .CSV file with the list of users in the Maintain Business Users app. This app allows you to manage the user accounts and authorizations for SAP S/4HANA Cloud. You can also use this app to upload a .CSV file with user data to create or update multiple users at once. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html

Plan cost center allocation and commitment values from purchase order are two of the postings that update the ACDOCA universal journal table. Plan cost center allocation posts planned costs from cost center planning to ACDOCA. Commitment values from purchase order posts commitments from purchase orders to ACDOCA. References: https://help.sap.com/viewer/65de2977205c403bbc107264b8eccf4b/Cloud/en-US/f7a9d7c86f4740a09ed5d3c3981b8f1d.html