Winter Special Flat 65% Limited Time Discount offer - Ends in 0d 00h 00m 00s - Coupon code: netdisc

SAP P_S4FIN_2023 SAP Certified Professional - SAP S/4HANA Cloud Private Edition, Financials for SAP ERP Exam Practice Test

SAP Certified Professional - SAP S/4HANA Cloud Private Edition, Financials for SAP ERP Questions and Answers

Testing Engine

  • Product Type: Testing Engine
$42  $119.99

PDF Study Guide

  • Product Type: PDF Study Guide
$36.75  $104.99
Question 1

You want to create a balance sheet and profit & loss statement on segment level. Which steps do you need to take in the system? Note: There are 2 correct answers to this question.

Options:

A.

Set the zero balance indicator.

B.

Define a PA transfer structure.

C.

Define a clearing account.

D.

Assign a segment to all G/L accounts

Question 2

On which levels can you assign semantic tags to a financial statement version in SAP Fiori?Note: There are 3 correct answers to this question.

Options:

A.

Financial statement item

B.

Functional area

C.

Business area

D.

G/L account

E.

Segment

Question 3

What restrictions apply when a new currency is introduced for productive company codes and ledgers? Note: There are 2 correct answers to this question.

Options:

A.

Reconciliation for entities in asset accounting is NOT included.

B.

Archived data CANNOT be enriched with the new currency.

C.

New currency fields are NOT updated for existing data.

D.

Calculated values are NOT added to the ACDOCA.

Question 4

Which fields do you maintain when defining the source ledger for migration of balances?Note: There are 2 correct answers to this question.

Options:

A.

Source table

B.

Period

C.

Company code

D.

Year

Question 5

What is the maximum number of currency types that you can report on for a ledger?

Options:

A.

3

B.

10

C.

12

D.

8

Question 6

Your customer currently uses classic G/L and asks what new functionalities can be implemented during an SAP standard conversion to SAP S/4HANA.What functionality can you activate?

Options:

A.

Additional parallel currency

B.

Document splitting

C.

Margin analysis

D.

Additional standard ledger

Question 7

What are the consequences in an SAP ERP system when activating the business function EA-FIN to support conversion to SAP S/4HANA?

Options:

A.

New asset accounting is activated.

B.

Parallel ledgers are available.

C.

Period posting (ASKB) became obsolete.

D.

New depreciation engine is used.

Question 8

At which level is the migration run for finance data performed?

Options:

A.

Company code

B.

Client

C.

Operating concern

D.

Controlling area

Question 9

In your SAP S/4HANA system, you use the accounts approach for parallel valuation and report financial values for three separate accounting principles. You post an acquisition for an asset that is capitalized in a single accounting principle. If you use the application for posting integrated asset acquisitions, how many documents will the system post?

Options:

A.

4

B.

3

C.

1

D.

2

Question 10

A customer wants to analyze a G/L account, which is presenting asset acquisition value, on an investment order. What do you maintain in the G/L account master record to achieve this?Note: There are 2 correct answers to this question.

Options:

A.

Select the Record Account Assignment indicator.

B.

Enter value 90 in the cost element category field.

C.

Set the G/L account type to Primary Costs or Revenue.

D.

Define the G/L account as an asset reconciliation account.

Question 11

In an SAP S/4HANA system, which of the following features is mandatory?

Options:

A.

Material ledger

B.

Parallel ledgers

C.

Actual costing

D.

Margin analysis

Question 12

Your customer has an SAP ERP system with classic G/L accounting and wants to convert directly to SAP S/4HANA as soon as possible during the current fiscal year via standard conversion. Which limitations apply in SAP S/4HANA? Note: There are 3 correct answers to this question.

Options:

A.

You must use the accounts approach to parallel valuation.

B.

You must define valuation areas for foreign currency valuation.

C.

You must configure profit center and segment accounting.

D.

You cannot configure and activate document splitting during conversion.

E.

You must continue to use Special Purpose Ledger for preparation for consolidation.

Question 13

On what level can you assign a fiscal year variant to a company code?

Options:

A.

Ledger group, for standard ledger type

B.

Ledger, for any type of ledger

C.

Ledger, forstandard ledger type

D.

Ledger group, for any type of ledger

Question 14

What data for asset accounting is stored in the universal journal? Note: There are 2 correct answers to this question.

Options:

A.

Actual depreciations of all depreciation areas that are set to post depreciation periodically

B.

Actual depreciations of the controlling depreciation area used for management valuations

C.

Acquisition and production cost values of all depreciation areas that are assigned to an accounting principle

D.

Acquisition and production cost values of all depreciation areas that are defined as real depreciation areas

Question 15

What SAP S/4HANA deployment option will cause the least business disruption for the average SAP end user?

Options:

A.

Central finance

B.

On premise

C.

Private cloud

D.

Public cloud

Question 16

In Controlling, what is a mandatory customizing step when converting a system to SAP S/4HANA?

Options:

A.

Migrate the material ledger.

B.

Configure accounts for COGS split.

C.

Create document type for CO postings.

D.

Activate attributed profitability analysis

Question 17

What is posted at the same time to both account-based and costing-based profitability analysis? Note: There are 2 correct answers to this question.

Options:

A.

Actual revenue

B.

Incoming sales orders

C.

Standard cost of goods sold

D.

CO-PA valuated insurance costs

Question 18

Which of the following components are obsolete and require migration activities during a standard conversion to SAP S/4HANA?Note: There are 3 correct answersto this question.

Options:

A.

Classic Credit Management

B.

Cash Management

C.

Accrual Engine

D.

Special Purpose Ledger

E.

Costing-based CO-PA

Question 19

Which checks can you run directly in an SAP ECC system to support the planning of a standard SAP S/4HANA conversion project? Note: There are 3 correct answers to this question.

Options:

A.

Custom Code Check

B.

Global Performance Analysis

C.

Authority Check

D.

SAP Readiness Check

E.

Simplification Item-Check

Question 20

In your system you have multiple standard ledgers .Which values can be posted to a single ledger? Note: There are 3 correct answers to this question.

Options:

A.

Accruals

B.

Currency valuation

C.

Taxes

D.

Depreciation

E.

Payments

Question 21

You post a payment to a supplier invoice. In the universal journal table, you see that more line items are created than were visible in the document entry view. Which configuration may have caused the additional line items? Note: There are 2 correct answers to this question.

Options:

A.

A non-leading ledger

B.

The summarization in ACDOCA

C.

An extension ledger

D.

Zero balance indicator for profit center

Question 22

Your company code is configured with three depreciation areas that post in real time The

company is configured to update company code and group currency types. How many documents are

posted when you post a partial scrapping for a single depreciation area?

Options:

A.

3

B.

4

C.

2

D.

1

Question 23

Which type of extension ledger do you set up to record incoming sales orders for account-based profitability analysis?

Options:

A.

Line items with technical numbers/ no deletion possible

B.

Standard journal entries

C.

Journal entries for valuation differences

D.

Line items with technical numbers/ deletion possible

Question 24

You activate account-based CO-PA (Profitability Analysis) during migration. How is the system affected? Note: There are 3 correct answers to this question.

Options:

A.

Cost-based CO-PA can still be used in parallel.

B.

Characteristics will be added to the universal journal.

C.

Value fields will be added to the universal journal.

D.

Historical data will be enriched with characteristics by derivation

E.

Cost component split (COGS) can be configured in financial accounting.