P_S4FIN_2023 Exam Training Practice Tests (SAP Certified Professional - SAP S/4HANA Cloud Private Edition, Financials for SAP ERP)]

Question 1

A fixed asset is to be posted in the new fiscal year. Which closing activity must be carried out for this?

A. All depreciation (transaction AFAB) up to that point must be posted. B. Depreciation for the new year must be recalculated (transaction AFAR). C. All APC values must have been posted using report "Periodic Asset Postings". D. Fiscal year change program must have been executed (transaction FAA_CMP).

Correct Answer: D

Question 2

What cost center planning process can write data directly to plan item table ACDOCP?

A. Planning in SAP Analytics Cloud B. Internal activity price calculation C. Manual planning of statistical key figures D. Formula planning with templates

Correct Answer: C

Question 3

A customer wants to analyze a G/L account, which is presenting asset acquisition value, on an investment order. What do you maintain in the G/L account master record to achieve this?Note: There are 2 correct answers to this question.

A. Enter value 90 in the cost element category field. B. Define the G/L account as an asset reconciliation account. C. Set the G/L account type to Primary Costs or Revenue. D. Select the Record Account Assignment indicator.

Correct Answer: B,D

Question 4

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.

A. You can assign additional valuations to separate accounts. B. You can assign additional valuations to the extension ledgers. C. You can assign profit center, group, and legal valuations to the same ledger. D. You can assign each valuation to a separate ledger.

Correct Answer: C,D

Question 5

Which of the following components are obsolete and require migration activities during a standard conversion to SAP S/4HANA?Note: There are 3 correct answersto this question.

A. Cash Management B. Classic Credit Management C. Accrual Engine D. Costing-based CO-PA E. Special Purpose Ledger

Correct Answer: B,D,E

Question 6

Which objects do you need to configure in SAP S/4HANA after a conversion from classic G/L to SAP S/4HANA? Note: There are 2 correct answers to this question.

A. Accounting principle B. Valuation area C. Currency type D. Document type

Correct Answer: A,B

Question 7

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.

A. You must use the accounts approach to parallel valuation. B. You must define valuation areas for foreign currency valuation. C. You must continue to use Special Purpose Ledger for preparation for consolidation. D. You cannot configure and activate document splitting during conversion. E. You must configure profit center and segment accounting.

Correct Answer: C,D,E

Question 8

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

A. Public cloud B. Central finance C. Private cloud D. On premise

Correct Answer: B

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