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The 'SAP Certified Application Associate - Central Finance in SAP S/4HANA (SAP S/4HANA 2020)' certification exam validates that the candidate possesses the fundamental and core knowledge required of the Central Finance profile. This certification proves that the candidate has an overall understanding and in‐depth technical skills to participate as a member of a project team in a mentored role. This certification exam is recommended as an entry level qualification. It is recommended as verification the consultant is ready to contribute significantly to Central Finance implementation projects. It puts the consultant in a position to be onboarded to an implementation project quickly and to contribute to the project's success right away. This certificate is the ideal starting point for a career as a Central Finance consultant.
It is true that there are a few topics in the exam that can be difficult for some people. But before you worry about that, you should understand what type of exam this is. The SAP C_S4FCF_2020 Exam is not something to memorize and be tested on your ability to give back answers quickly. It is more like an essay test than a multiple-choice test. You will be expected to explain how you would handle certain situations in the real world. If you take the time to understand each question and consider all the alternatives, you should have no problems at all.
| Section | Weight | Objectives |
|---|---|---|
| System Integration Concepts | <8% | - Communication modes and processes - Business scenarios and hierarchy - RFC configuration between systems |
| Run Phase in Central Finance | <8% | - Operation model and daily operations - Organizational change requirements - Stakeholders and success factors - Project phases and pilot approach |
| Corporate Finance Processes supported by Central Finance | 8%-12% | - Intercompany reconciliation - Open item management - Centralization of finance operations - AR/AP reporting - Configuration of central payments and down payments - SAP Credit Management definition and integration |
| Enhancements in the Controlling Area (CO-PA, WBS) | <8% | - WBS elements and project structure transfer - CO-PA replication improvements - EC-PCA posting replication - Account-based CO-PA COGS and price split - Simulation tool and Profit Center comparison report |
| SAP Master Data Governance | 12% | - MDG data models definition - Activation and configuration of MDG processes - Central governance and mass processing - Concepts and capabilities of SAP MDG |
| Central Finance Landscape Architecture | 8%-12% | - MDG role for master data harmonization - Architecture options for SAP S/4HANA Central Finance - AIF as interface and monitoring tool - SLT technical integration platform |
| System Landscape Transformation Server (SLT) | 8%-12% | - Structure modification during replication - Starting and managing replication - Client-specific and cross-client replication configuration - Activation and data transfer options |
| Integration Technology ALE | <8% | - Logical system, message type and distribution model definition - Logical system naming and client assignment - ALE vs EDI differentiation - Distribution model design |
| Real Time Replication in Central Finance | 12% | - Document drill back from target to source system - Error correction of real time replication - Prerequisites for activating real time replication - Document flow functionality - Starting real time replication |
| Initial Load in Central Finance | >12% | - Filter setup for initial load of Cost Object - Error resolution for cost object initial load - Execution of FI/CO postings initial load - Filter setup and error handling for CO internal posting - Error resolution for FI/CO posting initial load - Validation and reconciliation definition - Reconciliation reports execution |
| Central Finance Setup and Configuration | 8%-12% | - Mapping actions definition - Key Mapping vs Value Mapping differentiation - Decimal places definition for currencies - Cost Object Mapping scenarios configuration - Scope configuration for initial load |
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