P-S4FIN-2020 Exam Training Practice Tests (SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts)]

Question 1

You run an assessment cycle, but no postings are made because the posting period is NOT open. Which period intervals do you need to maintain so that the results of the assessment can be posted without allowing other FI postings?

A. Only interval 2 B. Intervals 1 and 3 C. Only interval 3 D. Intervals 1 and 2

Correct Answer: C

Question 2

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

A. 2 B. 8 C. 10 D. 6

Correct Answer: C

Question 3

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

A. Cloud single-tenant B. Central finance C. Cloud multi-tenant D. On Premise

Correct Answer: D

Question 4

What can you do with SAP S/4HANA accrual management?

A. Carry forward accruals to future years independent of the other ledger values B. Post and analyse accruals in all currencies defined for the general ledger C. Automatically calculate accruals for asset acquisitions with purchase orders D. Post planned accrual amounts in table ACDOCP and analyse them in reports

Correct Answer: C

Question 5

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

A. SAP Lumira reports B. Analytical list page reports C. Multidimensional reports D. SAP Analysis for Microsoft Office reports

Correct Answer: B,C

Question 6

In your company code, you report on profit centre and segment level. You post a single invoice. What document splitting process does the system use to assign the correct profit centres and

A. Document splitting inheritance B. Passive document splitting C. Active document splitting D. Default account assignment

Correct Answer: C

Question 7

You are converting your system to SAP S/4HANA.
In your system 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?

A. Change all company codes to fiscal year variant K4 B. Change the controlling area to fiscal year variant K3. C. Change all company codes and the controlling area to fiscal year variant K2 D. Change all company codes to fiscal year variant K2

Correct Answer: A

Question 8

In your SAP S/4HANA system, you use the accounts approach for parallel valuation and report financial values for three separates 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?

A. 4 B. 2 C. 1 D. 3

Correct Answer: B

Question 9

You want to set up a multi-level gross margin report in profitability analysis (CO-PA). What do you customize to reopen the fixed and variable values separately? 2 correct questions

A. Account-based CO-PA: no specific customizing is necessary B. Account-based CO-PA:assign different accounts(assignment of different accounts is necessary) C. Costing-based CO-PA: no specific customizing is necessary D. Costing-based CO-PA: assign different value fields (assignment of different value fields in necessary)

Correct Answer: B,D

SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts - P-S4FIN-2020 Exam Practice Test