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Latest C_S4CFI_2504 Exam Practice Questions

The practice questions for C_S4CFI_2504 exam was last updated on 2025-06-03 .

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Question#1

You have a bank account in foreign currency. During the period, you have posted various deposits to and withdrawals from the account.
After the foreign currency valuation run, how does the system evaluate the balance of this account?

A. In local currency, with the exchange rate valid on the last day of the period

B. In local currency, with the exchange rate valid for each transaction

C. In foreign currency, converted to local currency on a statistical ledger

D. In foreign currency, with no need for conversion

Explanation:
Foreign currency valuation in SAP S/4HANA Cloud revalues open items and balances.
A: Correct. The balance is converted to local currency using the period-end rate.
B, C, D: Incorrect. Transaction rates or no conversion do not apply to period-end valuation.
Reference: SAP Help Portal - "Foreign Currency Valuation Process."

Question#2

In SAP Central Business Configuration, which activities can you perform in the Product-Specific Configuration Phase? Note: There are 3 correct answers to this question.

A. Create new scope items

B. Add new sales organizations

C. Add blocking reasons for billing

D. Modify building blocks

E. Change approval thresholds

Explanation:
Product-specific configuration in SAP CBC adjusts system settings.
B: Correct. Sales orgs can be added.
C: Correct. Billing blocks are configurable.
E: Correct. Approval thresholds are adjustable.
A, D: Incorrect. Scope and building blocks are fixed earlier.
Reference: SAP Help Portal - "CBC Product-Specific Configuration."

Question#3

A user complains that the financial statement they are producing reports the amounts posted to all new G/L accounts under the "Unassigned" node. You check and all accounts are included in the FSV under the correct nodes.
What causes the misreporting?

A. The accounts are not assigned to a functional area and neither are their respective FSV nodes

B. The FSV nodes are assigned to pre-existing semantic tags assigned before the new G/L accounts were added

C. The accounts are maintained under different nodes for debit and credit in the FSV

D. The FSV key date entered when running the report is in the past

Explanation:
Misreporting in FSV often stems from tag or node mismatches.
B: Correct. Outdated semantic tags cause new accounts to fall under "Unassigned."
A, C, D: Incorrect. These do not directly affect FSV node assignment.
Reference: SAP Help Portal - "Financial Statement Version Issues."

Question#4

Which financial statement nodes are part of the calculation for net profit/loss? Note: There are 2 correct answers to this question.

A. Financial Statement Notes

B. Assets

C. Not Assigned

D. Liabilities and Equity

Question#5

What are the restrictions when posting general journal entries to special periods? Note: There are 2 correct answers to this question.

A. You must use the document type YE (year-end)

B. You must manually enter the specific special period you are posting to

C. You must only post to balance sheet accounts

D. You must specify a posting date in the last period of the fiscal year

Explanation:
Special periods in SAP S/4HANA Cloud (e.g., 13-16) have posting restrictions.
B: Correct. The special period must be explicitly specified.
C: Correct. Only balance sheet accounts are typically allowed for adjustments.
A, D: Incorrect. Document type YE and last period date are not mandatory.
Reference: SAP Help Portal - "Special Periods Posting."

Exam Code: C_S4CFI_2504Q & A: 85 Q&AsUpdated: 2025-06-03

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