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The C_S4FCF_2020 certification exam is an associate-level exam, which means it is suitable for professionals with a few years of experience in the field of finance and accounting. SAP Certified Application Associate - Central Finance in SAP S/4HANA certification exam is ideal for professionals who work in finance departments and need to use SAP S/4HANA to perform financial tasks such as consolidation, reporting, and analysis.

Reference: https://training.sap.com/certification/c_s4fcf_2020-sap-certified-application-associate---central-finance-in-sap-s4hana-g/

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SAP C-S4FCF-2020 certification exam is designed for individuals who wish to demonstrate their knowledge and understanding of Central Finance in SAP S/4HANA. SAP Certified Application Associate - Central Finance in SAP S/4HANA certification exam validates a candidate's ability to configure and implement SAP Central Finance efficiently. C-S4FCF-2020 exam is intended for individuals who have experience in SAP implementation projects and possess a good understanding of financial accounting processes.

SAP C-S4FCF-2020 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Real Time Replication in Central Finance12%- Document drill back from target to source system
- Error correction of real time replication
- Starting real time replication
- Document flow functionality
- Prerequisites for activating real time replication
Topic 2: System Landscape Transformation Server (SLT)8%-12%- Starting and managing replication
- Activation and data transfer options
- Client-specific and cross-client replication configuration
- Structure modification during replication
Topic 3: Integration Technology ALE<8%- Distribution model design
- ALE vs EDI differentiation
- Logical system naming and client assignment
- Logical system, message type and distribution model definition
Topic 4: System Integration Concepts<8%- Business scenarios and hierarchy
- Communication modes and processes
- RFC configuration between systems
Topic 5: Enhancements in the Controlling Area (CO-PA, WBS)<8%- EC-PCA posting replication
- CO-PA replication improvements
- Simulation tool and Profit Center comparison report
- Account-based CO-PA COGS and price split
- WBS elements and project structure transfer
Topic 6: Central Finance Landscape Architecture8%-12%- MDG role for master data harmonization
- AIF as interface and monitoring tool
- Architecture options for SAP S/4HANA Central Finance
- SLT technical integration platform
Topic 7: Run Phase in Central Finance<8%- Operation model and daily operations
- Organizational change requirements
- Project phases and pilot approach
- Stakeholders and success factors
Topic 8: SAP Master Data Governance12%- MDG data models definition
- Activation and configuration of MDG processes
- Central governance and mass processing
- Concepts and capabilities of SAP MDG
Topic 9: Corporate Finance Processes supported by Central Finance8%-12%- Configuration of central payments and down payments
- SAP Credit Management definition and integration
- Centralization of finance operations
- Open item management
- Intercompany reconciliation
- AR/AP reporting
Topic 10: Central Finance Setup and Configuration8%-12%- Cost Object Mapping scenarios configuration
- Decimal places definition for currencies
- Mapping actions definition
- Key Mapping vs Value Mapping differentiation
- Scope configuration for initial load
Topic 11: Initial Load in Central Finance>12%- Filter setup and error handling for CO internal posting
- Filter setup for initial load of Cost Object
- Reconciliation reports execution
- Error resolution for FI/CO posting initial load
- Error resolution for cost object initial load
- Execution of FI/CO postings initial load
- Validation and reconciliation definition

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