P-S4FIN-1709 Exam Training Practice Tests (SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Financials Experts)]

Question 1

In your SAP S/4HANA system, ledger group L1 is assigned to a US GAAP accounting principle. You want to assign ledger group to the L1 to a separate depreciation areas that posts acquisition and production cost APC) and depreciation values.
Which of the following limitations prevent you from making assignment?
Response:

A. The US GAAP values need to be reported in USG-but-the company code currency is defined as EUR. B. One of the underlying ledgers is assigned to a fiscal year variant that has a different start/end date than the other ledgers. C. You use the accounts approach to parallel valuation and all accounting principles are assigned to a single ledger. D. You assign transfer of APC values only from depreciation areas to which the same accounting principle is assigned.

Correct Answer: D

Question 2

You use document splitting and post an incoming invoice via a cost center to segment A.
You then use the Manual Reposting 01 Costa (KB11N) transaction to Repost the expense to segmentB.
What happens to the segment assigned to the supplier line item in the original invoice posting?
Response:

A. The open item is assigned to segment B automatically with the CO reposting. B. The open item is assigned to segment B through reclassification at month end. C. The open item is assigned to segment B when the invoice is paid. D. The open item remains on segment A.

Correct Answer: D

Question 3

The customers and vendors balances of the previous year are carried forward to the new year, but you did NOT perform the SAPF010 program (Carry Forward Receivables/Payables) manually in accounts receivable or accounts payable.
Why do you NOT need to execute this program?
Please choose the correct answer.
Response:

A. Because balance carryforward was carried out by the Reconcile Universal Journal Entry transaction since the reconciliation displayed NO error B. Because balance carryforward was performed automatically due to postings to the subledgers in the new year C. Because balance carryforward was performed for the leading ledger in general ledger D. Because balance carryforward was performed automatically when closing the previous year

Correct Answer: C

Question 4

There are 8 customer-specific charts of depreciation in the client that area assigned to 22 active company codes, as required Additionally, there are 7 reference and unused.
How many you charts of depreciation do you migrate?
Response:

A. 22 B. 8 C. 7 D. 15

Correct Answer: B

Question 5

Which objects do you migrate from SAP ERP to SAP S/4HANA?
Note: There are 3 correct answers to this question.
Response:

A. Data of costing-based profitability analysis B. Accounting documents of financial accounting and controlling C. Balances of accounts, customers, and vendors. D. House banks for new Bank Account Management. E. Master data such as assets and profit centers.

Correct Answer: B,C,D

Question 6

Your system currently does NOT use business partners (BP). The master data for suppliers and vendors and the defined account groups are NOT connected and are handled by separate departments.
When preparing for integration, what do you have to create?
Response:

A. Create a BP role for each customer and vendor account group. B. Create a BP type for each industry category in the customer/vendor accounts. C. Create a BP category for each legal form maintained for customers/vendors. D. Create a BP grouping for each customer and vendor account group.

Correct Answer: D

SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Financials Experts - P-S4FIN-1709 Exam Practice Test