Prepare Top SAP P-S4FIN-2023 Exam Study Guide Practice Questions Edition
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NEW QUESTION # 23
Which checks can you run directly in an SAP ECC system to support the planning of a standard SAP S/4HANA conversion project? Note: There are 3 correct answers to this question.
- A. SAP Readiness Check
- B. Global Performance Analysis
- C. Custom Code Check
- D. Simplification Item-Check
- E. Authority Check
Answer: A,C,D
NEW QUESTION # 24
How many digits for the amount field on the financial document line item level are supported in the universal journal
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION # 25
Which ledger-specific configuration can you maintain at company code level? Note: There are 2 correct answers to this question.
- A. The financial statement version for both types of ledgers
- B. The posting period variant for the extension ledger
- C. The valuation view for the extension ledger
- D. The fiscal year variant for the standard ledger
Answer: A,B
Explanation:
Financial Accounting Configuration in SAP S/4HANA
NEW QUESTION # 26
What SAP S/4HANA deployment option will cause the least business disruption for the average SAP end user?
- A. Private cloud
- B. Central finance
- C. Public cloud
- D. On premise
Answer: B
NEW QUESTION # 27
What does the Parallel Accounting Using G/L Accounts indicator in ledger configuration allow you to do?
- A. Assign 2 or more ledgers to 1 accounting principle
- B. Assign 2 or more accounting principles to 1 valuation area
- C. Assign 2 or more accounting principles to the leading ledger
- D. Assign 2 or more accounting principles to the non-leading ledger
Answer: C
Explanation:
Financial Accounting Configuration in SAP S/4HANA
NEW QUESTION # 28
What SAP S/4HANA deployment option will cause the least business disruption for the average SAP end user?
- A. Private cloud
- B. Public cloud
- C. Central finance
- D. On premise
Answer: D
Explanation:
Architecture Overview of Financials in SAP S/4HANA
NEW QUESTION # 29
In Controlling, what is a mandatory customizing step when converting a system to SAP S/4HANA?
- A. Create document type for CO postings.
- B. Migrate the material ledger.
- C. Activate attributed profitability analysis.
- D. Configure accounts for COGS split.
Answer: C
Explanation:
System Preparation and Configuration for Conversion of Financials in SAP S/4HANA
NEW QUESTION # 30
What is the earliest point in time that the attributed profitability segments can be derived?
- 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
Answer: D
NEW QUESTION # 31
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.
- A. Business area
- B. Segment
- C. Financial statement item
- D. Functional area
- E. G/L account
Answer: C,D,E
NEW QUESTION # 32
Which model can be used for ABAP cloud-native development?
- A. ABAP RESTful Application Programming Model
- B. The SAP S/4HANA Cloud Extensibility Model
- C. The ABAP Cloud Development Model
Answer: C
Explanation:
Managing Clean Core
NEW QUESTION # 33
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. Classic Credit Management
- B. Costing-based CO-PA
- C. Special Purpose Ledger
- D. Accrual Engine
- E. Cash Management
Answer: A,B,C
NEW QUESTION # 34
On what level can you assign a fiscal year variant to a company code?
- A. Ledger, for any type of ledger
- B. Ledger, for standard ledger type
- C. Ledger group, for any type of ledger
- D. Ledger group, for standard ledger type
Answer: A
Explanation:
Financial Accounting Configuration in SAP S/4HANA
NEW QUESTION # 35
Which data is converted during an SAP S/4HANA standard conversion?
- A. Only company codes selected in the customizing for migration for all the years
- B. All company codes for the years you specify
- C. Only company codes and years selected in the customizing for migration
- D. All company codes with all data of all years
Answer: D
NEW QUESTION # 36
Which type of extension ledger do you set up to record incoming sales orders for account-based profitability analysis?
- A. Line items with technical numbers/ deletion possible
- B. Line items with technical numbers/ no deletion possible
- C. Journal entries for valuation differences
- D. Standard journal entries
Answer: B
NEW QUESTION # 37
What is posted at the same time to both account-based and costing-based profitability analysis? Note:
There are 2 correct answers to this question.
- A. Actual revenue
- B. Incoming sales orders.
- C. CO-PA valuated insurance costs
- D. Standard cost of goods sold
Answer: A,B
Explanation:
Management Accounting Configuration in SAP S/4HANA
NEW QUESTION # 38
What is the earliest point in time that the attributed profitability segments can be derived?
- 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 post a vendor invoice to a WBS element
- D. When you run the top-down distribution in costing-based Profitability analysis
Answer: C
Explanation:
Management Accounting Configuration in SAP S/4HANA
NEW QUESTION # 39
You want to create a balance sheet and profit & loss statement on segment level. Which steps do you need to take in the system? Note: There are 2 correct answers to this question.
- A. Assign a segment to all G/L accounts
- B. Define a clearing account.
- C. Define a PA transfer structure.
- D. Set the zero balance indicator.
Answer: B,D
NEW QUESTION # 40
In your company code, you report on profit center and segment level. You post a single invoice document for office supplies that has multiple expense line items per profit center. What document splitting process does the system use to assign the correct profit centers and segments to the bank account line item when you post a payment for the invoice?
- A. Document splitting inheritance
- B. Document splitting default account assignment
- C. Active document splitting
- D. Passive document splitting
Answer: C
NEW QUESTION # 41
What do you assign to a depreciation area in SAP S/4HANA asset accounting? Note: There are 2 correct answers to this question.
- A. A ledger account determination key
- B. An accounting principle
- C. A chart of depreciation
- D. An alternative depreciation area
Answer: A,B
Explanation:
Asset Accounting Configuration in SAP S/4HANA
NEW QUESTION # 42
You are converting yoursystem to SAP S/4HANA.
In yoursystem, 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 all company codes and the controlling area to fiscal year variant K2.
- C. Create a new fiscal year variant (for example Z4) and assign it to all company codes and the controlling area.
- D. Change all company codes to fiscal year variant K2.
Answer: A
NEW QUESTION # 43
What are the consequences in an SAP ERP system when activating the business function EA-FIN to support conversion to SAP S/4HANA?
- A. Multiple depreciation areas for foreign currencies can be created.
- B. New depreciation engine is used.
- C. New asset accounting is activated.
- D. Settlement of assets under construction per ledger is possible.
Answer: C
Explanation:
Asset Accounting Configuration in SAP S/4HANA
NEW QUESTION # 44
In what system is it required to perform all system conversion steps to identify and solve conversion errors?
- A. Production
- B. Development
- C. Quality Assurance
- D. Sandbox
Answer: C
NEW QUESTION # 45
What data for asset accounting is stored in the universal journal? Note: There are 2 correct answers to this question.
- A. Actual depreciations of all depreciation areas that are set to post depreciation periodically
- B. Actual depreciations of the controlling depreciation area used for management valuations
- C. Acquisition and production cost values of all depreciation areas that are assigned to an accounting principle
- D. Acquisition and production cost values of all depreciation areas that are defined as real depreciation areas
Answer: A,C
NEW QUESTION # 46
Which technologies help you decrease data volume in the SAP HANA database? Note: There are 2 correct answers to this question.
- A. Aging
- B. Indexing
- C. Archiving
- D. Partitioning
Answer: A,C
Explanation:
Basics of SAP HANA, SAP S/4HANA and SAP Fiori
NEW QUESTION # 47
For which functionality is a productive material ledger a prerequisite ? Note: There are 2 correct answers to this question.
- A. Parallel update of the two types of profitability analysis
- B. Actual costing
- C. Actual activity price determination
- D. Parallel valuation for transfer pricing
Answer: B,D
NEW QUESTION # 48
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