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SAP Certified Associate - Positioning SAP Business Suite via SAP Financial Management Solutions Sample Questions (Q59-Q64):NEW QUESTION # 59
Which of the following are core solution areas in SAP Finance and Risk?
Note: There are 2 correct answers to this question.
- A. Sales Order Processing
- B. Asset Management Platform
- C. Governance, Risk, and Compliance
- D. Treasury Management
Answer: C,D
Explanation:
Comprehensive and Detailed 150 to 250 words of Explanation From Positioning SAP Business Suite via SAP Financial Management Solutions documents:
The SAP Finance and Risk portfolio is designed to provide a comprehensive framework for managing an organization's financial integrity and regulatory exposure. Within this framework, Treasury Management and Governance, Risk, and Compliance (GRC) are two of the most critical core solution areas. Treasury Management focuses on the lifecycle of cash and financial risk, providing tools for liquidity management, debt and investment handling, and secure bank connectivity. It ensures that the finance department can protect the company's assets while optimizing its financial performance.
Complementing this, Governance, Risk, and Compliance (GRC) provides the "defensive" layer of the finance function. It includes solutions for managing internal controls, identity access governance, and international trade compliance. By automating these processes, SAP helps organizations move away from siloed, manual risk management to an integrated approach where risks are identified and mitigated in real- time. Together, these two areas provide the CFO with both the "offensive" capability to manage capital (Treasury) and the "defensive" capability to protect the enterprise (GRC). While Sales Order Processing (A) and Asset Management (B) are essential parts of the broader SAP S/4HANA ERP, they are considered operational supply chain or maintenance functions rather than the core "Finance and Risk" solution areas used to position SAP's financial leadership.
NEW QUESTION # 60
What is the purpose of SAP Business Data Cloud?
- A. To unify data from various sources
- B. To automate payroll processing
- C. To manage employee benefits
- D. To optimize supply chain operations
Answer: A
NEW QUESTION # 61
How does SAP Sanctioned Party Screening support compliance?
Note: There are 2 correct answers to this question.
- A. Performs automatic blocking of transactions.
- B. Manages stock requirements and inventory levels.
- C. Provides efficient review workflows.
- D. Analyzes sales data to identify market trends.
Answer: A,C
Explanation:
Comprehensive and Detailed 150 to 250 words of Explanation From Positioning SAP Business Suite via SAP Financial Management Solutions documents:
SAP Sanctioned Party Screening, a core component of SAP Global Trade Services (GTS), is designed to ensure that an organization does not conduct business with individuals, companies, or entities listed on international restricted-party lists (such as those from the UN, EU, or US OFAC). It supports compliance primarily through automatic blocking of transactions and providing efficient review workflows.
When a sales order or purchase order is created in the SAP S/4HANA system, the GTS engine instantly checks the names and addresses against current sanctioned party lists. If a potential match is found, the system automatically blocks the transaction, preventing any further actions such as shipping goods or issuing payments. This real-time intervention is critical for preventing inadvertent violations of international law.
Because screening algorithms can sometimes produce "false positives" (e.g., similar names), SAP provides efficient review workflows. These workflows route the blocked transaction to a designated compliance officer who can quickly investigate, add comments, and either release the block or confirm the violation. This ensures that compliance does not become an unnecessary bottleneck to legitimate business while maintaining a rigorous and auditable trail of all screening activities. Analyzing market trends (D) and managing inventory (B) are entirely different functional areas (Analytics and SCM) and are not related to the legal compliance functions of Sanctioned Party Screening.
NEW QUESTION # 62
How does SAP Business AI assist in managing the financial planning and analysis process?
- A. Integrates compliance into real-time operational execution.
- B. Introduces the compliance officer role as a separate business role.
- C. Separates compliance from daily operations for streamlined processing.
- D. Establishes a dedicated compliance team to oversee regulatory adherence.
Answer: A
Explanation:
Comprehensive and Detailed 150 to 250 words of Explanation From Positioning SAP Business Suite via SAP Financial Management Solutions documents:
SAP Business AI is a transformative force in Financial Planning and Analysis (FP&A) because it moves compliance from a reactive, "after-the-fact" activity to an integrated, real-time operational component.
Traditionally, compliance checks were performed manually at the end of a period, leading to delays and potential errors. SAP's strategy involves embedding AI-driven insights and guardrails directly into the daily activities of the finance team.
By integrating compliance into real-time execution, the SAP Business Suite ensures that every transaction is checked for policy adherence as it happens. For instance, AI agents can identify anomalies in expense reports or flag inconsistent data entries in the ledger immediately. This "compliance-by-design" approach allows finance leaders to have confidence in the integrity of their data at any given moment. It reduces the need for extensive manual remediation and allows the finance department to focus on strategic analysis rather than data policing. This real-time integration is a key value proposition for CFOs looking to streamline operations while maintaining the highest standards of regulatory and internal compliance.
NEW QUESTION # 63
Which of the following is a key feature of SAP Business One?
- A. Real-time data processing
- B. Batch-based reporting
- C. Manual reconciliation
- D. Limited scalability
Answer: A
NEW QUESTION # 64
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