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SAP P_S4FIN_2023 Dumps

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Total 80 questions
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SAP Certified Professional - SAP S/4HANA Cloud Private Edition, Financials for SAP ERP Questions and Answers

Question 1

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 2

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 3

In which cases can you use a transfer price for goods movement in parallel valuation? Note: There are 2 correct answers to this question.

Options:

A.

Between two accounting principles

B.

Between two company codes

C.

Between two profit centers

D.

Between two storage locations

Question 4

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 5

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 6

Which transactions generate a prima nota entry in the system in addition to the universal journal entry? Note: There are 2 correct answers to this question

Options:

A.

Post time sheet data to Controlling (CAT7)

B.

Post FI supplier invoice (FB60)

C.

Settlement of internal order (K088)

D.

Assessment cycle of cost centers (KSU5)

Question 7

Which ledger-specific configuration can you maintain at company code level? Note: There are 2 correct answers to this question.

Options:

A.

The financial statement version for both types of ledgers

B.

The fiscal year variant for the standard ledger

C.

The valuation view for the extension ledger

D.

The posting period variant for the extension ledger

Question 8

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 9

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 10

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 11

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 12

What do you assign to a depreciation area in SAP S/4HANA asset accounting? Note: There are 2 correct answers to this question.

Options:

A.

A chart of depreciation

B.

A ledger account determination key

C.

An alternative depreciation area

D.

An accounting principle

Question 13

What does the Parallel Accounting Using G/L Accounts indicator in ledger configuration allow you to do?

Options:

A.

Assign 2 or more ledgers to 1 accounting principle

B.

Assign 2 or more accounting principles to 1 valuation area

C.

Assign 2 or more accounting principles to the non-leading ledger

D.

Assign 2 or more accounting principles to the leading ledger

Question 14

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 15

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 16

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 17

Which reports are included with SAP S/4HANA, embedded analytics? Note: There are 2 correct answers to this question.

Options:

A.

Analytical List Page reports

B.

Multidimensional reports

C.

SAP Lumira reports

D.

SAP Analysis for Microsoft Office reports

Question 18

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 19

You want to configure an extension ledger. Which steps do you need to take? Note: There are 2 correct answers to this question.

Options:

A.

Select an underlying ledger for the extension ledger.

B.

Specify allowed currency types for the extension ledger

C.

Specify the document type for the extension ledger.

D.

Assign a fiscal year variant to the extension ledger

Question 20

How many digits for the amount field on the financial document line item level are supported in the universal journal

Options:

A.

13

B.

21

C.

17

D.

23

Question 21

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 22

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 23

What are some features of actual costing in SAP S/4HANA?Note: There are 2 correct answers to this question

Options:

A.

Selection of activity prices of other CO-versions in the standard run

B.

Simplified data structure with new table structure

C.

Reduced number of steps in the calculation cockpit

D.

Combined run for both standard and alternative valuations

Question 24

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

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