P_S4FIN_1709 Exam Training Practice Tests (SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Financials Experts)]

Question 1

What can you do in the extension ledgers configuration?
Please choose the correct answer.
Response:

A. You can create an extension ledger for which the underlying ledger is an extension ledger. B. You can assign a freely defined currency to an extension ledger. C. You can link an accounting principle to a ledger group that contains an extension ledger. D. You can manually create a new ledger group that contains an extension ledger.

Correct Answer: C

Question 2

The screenshot displays how the depreciation areas of a chart of depreciation post, to the G/L By looking at the screenshot what can you learn about the company code and ledger configuration?

Response:

A. There is one extension ledger assigned to the leading ledger. B. There are two ledgers posted during transaction processing. C. There are two currency types assigned to the company code. D. There are no more than two ledger groups defined for the company code

Correct Answer: D

Question 3

What can you do in the extension ledgers configuration?
Please choose the correct answer.
Response:

A. You can create an extension ledger for which the underlying ledger is an extension ledger. B. You can assign a freely defined currency to an extension ledger. C. You can link an accounting principle to a ledger group that contains an extension ledger. D. You can manually create a new ledger group that contains an extension ledger.

Correct Answer: C

Question 4

In which of the following CO transactions is it NOT possible to enter a ledger goup?
Response:

A. Activity Allocation (KB21N) B. Reposting of Revenues (KB41N) C. Cost Allocation (KB15N) D. Reposting of Primary Costs (KB11N)

Correct Answer: A

Question 5

What are planning level and planning group used for in SAP Cash Management?
Note: There are 2 correct answers to this question.
Response:

A. - Planning level is used to differentiate between strategic, business, and operational plan.
-Planning group is used to group assets by order of liquidity: petty cash, bank, AR/AP, investments, etc.
-Planning group is used to group customers and vendors to enable accurate forecast. B. Planning level and planning group are used in the configuration of the grouping structure, which enables you to group bank and subledger accounts together in the cash position or the liquidity forecast. C. - Planning level is used in the company code data of the business partner to control accounts receivable and accounts payable in SAP Cash Management.
-Planning group is used in the G/L account data to enable the liquidity forecast. D. - Planning level is used to control displays in SAP Cash Management and to differentiate between noted item, purchase order, bank account, etc.

Correct Answer: B,D

Question 6

What is One Exposure from Operations?
Response:

A. It is an SAP Fiori app that shows all the exposures of the company to foreign currency risk and interest risk. B. it is a standalone SAP NetWeaver system that handles Cash Operations integration. C. It is an ABAP report that shows the risk if the liquidity of the company will NOT meet short-term financial demands with the current business Operation. D. It is a central data storage location that integrates data from Treasury and Risk Management, Cash and Liquidity Management Contract Accounting, and Financial Operations.

Correct Answer: D

Question 7

The classic Asset Accounting posts acquisitions and retirements for a second accounting principle to an extra offset account in the account approach. How is this handled in new Asset Accounting using an accounts approach in SAP S/4HANA?
Response:

A. There is no need to use such offset accounts anymore because of real-time postings. B. The extra offset account is obsolete and will be replaced by the technical clearing account. C. The accounts approach must be replaced because the ledger approach is the only valid option D. The extra offset account has to be used as in the classic Asset Accounting.

Correct Answer: B

Question 8

How do you compensate for the technical clearing account NOT balancing in all accounting principles with the accounts approach for parallel valuation?
Please choose the correct answer.
Response:

A. By running the monthly depreciation posting B. By entering manual corrective clearing transfer postings C. By maintaining the offset account in the asset account determination D. By running the periodic acquisition and production cost posting

Correct Answer: C

Question 9

Your customer wants a new ERP solution and is looking at the SAP S/4HANA software. The customer has a skilled in-house IT team that they want to upskill and keep moving the forwoard. They want maintain a filly customizable solution without completely disrupting their current processes.
Which SAP S/4HANA solution will you propose?
Response:

A. Public cloud B. Hybrid C. Private cloud D. On-premise

Correct Answer: D

SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Financials Experts - P_S4FIN_1709 Exam Practice Test