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  5. P_S4FIN_2023 - SAP Certified Professional - SAP S/4HANA Cloud Private Edition, Financials for SAP ERP

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

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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

You want to convert your system from an account solution into a ledger solution without a prior New G/L migration project.Which scenario can be used?Note: There are 2 correct answers to this question.

Options:

A.

SAP Standard Conversion

B.

New implementation

C.

Selective Data Transition

D.

Chart of Accounts Conversion

Question 2

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 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

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 5

In the standard delivery system, what isthe maximum number of components you can use for the primary cost component split of activities and the cost component split of cost of goods sold?

Options:

A.

160

B.

120

C.

40

D.

100

Question 6

What setting must be identical between the company code and controlling area?

Options:

A.

The valuation variant key

B.

The posting period variant key

C.

The number of posting and special periods

D.

The fiscal year variant key

Question 7

Which of the following is a prerequisite to activate takeover values between depreciation areas?

Options:

A.

Takeover values are possible across all depreciation areas.

B.

Only one depreciation area per chart of depreciation is assigned 00.

C.

Depreciation areas must be assigned to the same accounting principles

D.

Takeover values are no longer supported in SAP S/4HANA.

Question 8

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 9

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 10

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 11

What is the earliest point in time that the attributed profitability segments can be derived?

Options:

A.

When you assess the costs to margin analysis using the universal allocation

B.

When you run the top-down distribution in margin analysis

C.

When you settle the cost to margin analysis

D.

When you post the primary cost document to a WBS element

Question 12

You maintain a launchpad for users who are assigned to the Z_MANACC role. What do you need to do to make an app available for the users?

Options:

A.

Add the app to a group that is assigned to the Z_MANACC role

B.

Assign the app directly to the Z_MANACC role and add the app to a group.

C.

Assign the app directly to the Z_MANACC role and add the app to a catalog.

D.

Add the app to a catalog that is assigned to the Z_MANACC role.

Question 13

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

Options:

A.

Company code

B.

Client

C.

Operating concern

D.

Controlling area

Question 14

You are performing a system conversion for a customer that uses classic G/L with the accounts approach. What must you configure in SAP S/4HANA for local and international accounting standards in order to migrate the account values in an S/4HANA standard conversion project?Note: There are 3 correct answers to this question.

Options:

A.

Valuation areas (FI)

B.

Standard ledgers

C.

Document types

D.

Accounting principles

E.

Ledger groups

Question 15

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 16

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 17

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 18

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 19

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 20

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 21

Your customer wants to convert their SAP ERP New G/L ledger solution to SAP S/4HANA.Which system configuration options are available for the customer after the conversion project is finalized? Note: There are 2 correct answers to this question.

Options:

A.

Implementation of real-time integration of controlling to financial accounting

B.

Implementation of chart of accounts conversion

C.

Implementation of an additional standard ledger for parallel accounting

D.

Implementation of document splitting

Question 22

In your system, you are creating a new company code that requires an additional standard ledger.Which statements apply to a standard ledger?Note: There are 2 correct answers to this question.

Options:

A.

It must be assigned to an underlying ledger.

B.

It will generate additional line items in ACDOCA for non-ledger-specific postings.

C.

It is always active on the system level for all company codes.

D.

If asset accounting is used, a depreciation area must be assigned.

Question 23

A document can have up to 999999 line items in the universal journal (reporting or G/L view).How does this affect the entry view table

Options:

A.

It is still limited to 999 line items but you can configure summarization on certain criteria.

B.

It is automatically extended to 999999 line items.

C.

It is now a compatibility view without number restrictions.

D.

It is still limited to 999 line items but the system automatically splits the single entry into multiple documents as required

Question 24

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

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