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

Demo: 24 questions
Total 80 questions

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

Question 1

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 2

Which data is converted during an SAP S/4HANA standard conversion?

Options:

A.

Only company codes and years selected in the customizing for migration

B.

Only company codes selected in the customizing for migration for all the years

C.

All company codes for the years you specify

D.

All company codes with all data of all years

Question 3

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 4

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 5

You create a G/L account and set the cost element category to 42 (assessment).In what table isthe cost element category updated?

Options:

A.

SKB1

B.

CSKA

C.

SKA1

D.

CSKB

Question 6

You run an assessment cycle for cost centers, but no postings are made because the posting period is NOT open. Against which period interval is the check being made?

Options:

A.

First interval 3, then interval 2 if interval 3 is not maintained

B.

First interval 3, then intervals 1&2 if interval 3 is not maintained

C.

Only interval 3, no other intervals checked if interval 3 is not maintained

D.

First interval 3, then interval 1 if interval 3 is not maintained

Question 7

You carry forward balances for your company code and leading ledger to the new fiscal year 2022 and you get an error message related to asset accounting. What single action can resolve the error?

Options:

A.

Post revaluation and new valuation (transaction AR29N) forfiscal year 2021.

B.

Run the fiscal year change (transaction FAA_CMP) to close fiscal year 2020.

C.

Run "Calculate Depreciation" (transaction AFAR) forfiscal year 2022.

D.

Post all depreciation (transaction AFAB) for the fiscal year 2021

Question 8

What system configuration in your customer's current SAP ERP system will have a major effect on the duration and complexity of a system conversion to SAP S/4HANA?

Options:

A.

The system does NOT use material ledger for actual costing.

B.

The system uses classic asset accounting to manage fixed assets.

C.

The customer does NOT use business partners to manage customers and suppliers

D.

The customer uses the accounts approach for parallel accounting

Question 9

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 10

In what system is it required to perform all system conversion steps to identify and solve conversion errors?

Options:

A.

Production

B.

Quality Assurance

C.

Sandbox

D.

Development

Question 11

Which technologies help you decrease data volume in the SAP HANA database?Note: There are 2 correct answers to this question.

Options:

A.

Indexing

B.

Storing

C.

Archiving

D.

Aging

Question 12

What do you manage within cash operations of SAP Cash Management? Note: There are 2 correct answers to this question.

Options:

A.

Bank risk analysis and risk mitigation

B.

Credit limits for customer accounts

C.

Daily cash position, deficits, and surpluses

D.

Hedging and hedging contracts

Question 13

You are converting yoursystem to SAP S/4HANA. In yoursystem, you have:Three company codes assigned to a single controlling area. Controlling area is assigned to fiscal year variant K4. Two company codes assigned to fiscal year variant K2. One company code assigned to variant K3.During conversion to SAP S/4HANA, what do you need to change?

Options:

A.

Create a new fiscal year variant (for example Z4) and assign it to all company codes and the controlling area.

B.

Change all company codes to fiscal year variant K4.

C.

Change all company codes to fiscal year variant K2.

D.

Change all company codes and the controlling area to fiscal year variant K2.

Question 14

You are converting your system to SAP S/4HANA.Which functionality became obsolete in S/4HANA in Asset Accounting and needs to be migrated before conversion?

Options:

A.

Depreciation areas for parallel currencies

B.

Non-posting depreciation areas

C.

Year-end closing

D.

Insurance values in the asset master records

Question 15

Your customer wants to maintain the current customer and supplier account numbers even after migrating to business partners. The customer also wants to ensure the account numbers continue to be aligned after the conversion .What settings must be made to ensure this? Note: There are 2 correct answers to this question

Options:

A.

Use internal number ranges in the customer and supplier account groups after the conversion

B.

Use internal number ranges in the BP groupings after the conversion

C.

Use external number ranges in the customer and supplier account groups for the conversion.

D.

Use external number ranges in the BP groupings for the conversion.

Question 16

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 17

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 18

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 19

Which object acts as a data source for Cash Management (Cash Flow Analyzer) in SAP S/4HANA?

Options:

A.

Memo records

B.

Payment methods

C.

Record types

D.

Payment terms

Question 20

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 21

How can you set up multiple valuations for transfer pricing in your SAP S/4HANA system? Note: There are 2 correct answers to this question.

Options:

A.

You can assign each valuation to a separate ledger.

B.

You can assign additional valuations to separate accounts.

C.

You can assign additional valuations to the extension ledgers.

D.

You can assign profit center, group, and legal valuations to the same ledger.

Question 22

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

Options:

A.

Central finance

B.

Private cloud

C.

Public cloud

D.

On premise

Question 23

What must you create before you can record commitments in the universal journal?

Options:

A.

Extension ledger

B.

Tolerance profile

C.

Statistical cost elements

D.

Document type

Question 24

Which objects do you need to configure in SAP S/4HANA after a conversion from classic G/L to SAP S/4HANA? Note: There are 2 correct answers to this question.

Options:

A.

Currency type

B.

Accounting principle

C.

Document type

D.

Valuation area

Demo: 24 questions
Total 80 questions