Pass the SAP Certified Associate C_S4FTR_2023 Questions and answers with ExamsMirror

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/3a3a8f6f7a6e4c2b8d5b8f1e2a2a0d5b.html

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/3a3a8f6f7a6e4c2b8d5b8f1e2a2a0d5b.html

The options that you have to group a mass change request when workflows are enabled for Bank Account Management are bank country and company code. Bank Account Management is a function that allows you to create and maintain bank accounts and theirattributes in SAP S/4HANA. A mass change request is a request that allows you to change multiple bank accounts at once by using workflows. You can group a mass change request by bank country or company code to assign different approvers or processors for each group.References:https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020.002/en-US/3a3a8f6f7a6e4c2b8d5b8f1e2a2a0d5b.html

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]

The Take Snapshot Balance Sheet FX Risk SAP Fiori app is used to capture the data for FX balance sheet hedging. The data that is captured with this app includes balance sheet exposures and market data. The balance sheet exposures are the open items that are exposed to foreign currency risk. The market data are the exchange rates that are used to value the exposures and calculate the FX gains or losses.References:https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020.002/en-US/3a3a8f6f7a6e4c2b8d5b8f1e2a2a0d5b.html

You must take a snapshot after you determine the hedging requirements and before the decision on a hedging instrument is final when using SAP Hedge Management application for foreign exchange (FX). A snapshot is a copy of the relevant data for hedge accounting, such as the hedged item, the hedging instrument, and the market data. It is used to perform the effectiveness test and to document the hedge relationship.Verified References: Snapshot Overview, [Snapshot Configuration Guide]

Valuation rules are used to enable specific evaluation type settings via product type. Valuation rules define how financial transactions are valued for market risk analysis purposes. They specify which evaluation types, valuation procedures, valuation classes, and market data sources are used for each product type.References:https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020.002/en-US/3a3a8f6f7a6e4c2b8d5b8f1e2a2a0d5b.html

The monitoring rules for the intraday bank statements are assigned in two SAP Fiori apps: Manage Bank Accounts app and Define Monitoring Rules - Intraday Statements app. The Manage Bank Accounts app is used to assign the monitoring rule to a bank account. The Define Monitoring Rules - Intraday Statements app is used to define the conditions and actions for the monitoring rule.References: https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020.002/en-US/3a3a8f6f7a6e4c2b8d5b8f1e2a2a0d5b.html

You can use the Corporate Action (FWKB) function to post subscription rights for a capital increase. A capital increase is a corporate action that increases the number of shares issued by a company and offers existing shareholders the right to subscribe to new shares at a discount price. The Corporate Action (FWKB) function allows you to process various types of corporate actions for securities, such as dividends, splits, or capital increases.References:https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020.002/en-US/3a3a8f6f7a6e4c2b8d5b8f1e2a2a0d5b.html

The Automatic Payment Transactions for Payment Requests app allows you to execute the payment run for payment requests in four steps: enter payment parameters, run payment proposal, payment run - accounting entries, and payment run - create payment medium. You can also monitor the status of each step and view the payment details.References:https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020.002/en-US/3a3a8f6f7a6e4c2b8d5b8f1e2a2a0d5b.html