P_S4FIN_2023 Dumps PDF 2024 Strategy Your Preparation Efficiently
Latest Verified & Correct SAP P_S4FIN_2023 Questions
NEW QUESTION # 12
What can you do with SAP S/4HANA Accrual Management?
- A. Automatically calculate accruals for purchase orders with posted valuated goods receipt.
- B. Automatically calculate accruals for asset acquisitions (direct capitalization) with purchase orders.
- C. Post and analyze accruals in all currencies defined for the general ledger.
- D. Post planned accrual amounts in table ACDOCP and analyze them in reports.
Answer: B
Explanation:
Financial Accounting Configuration in SAP S/4HANA
NEW QUESTION # 13
Which ledger-specific configuration can you maintain at company code level? Note: There are 2 correct answers to this question.
- A. The posting period variant for the extension ledger
- B. The financial statement version for both types of ledgers
- C. The valuation view for the extension ledger
- D. The fiscal year variant for the standard ledger
Answer: A,D
NEW QUESTION # 14
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. Document type
- B. Valuation area
- C. Currency type
- D. Accounting principle
Answer: B,D
Explanation:
Financial Accounting Configuration in SAP S/4HANA
NEW QUESTION # 15
What is an advantage of selecting SAP S/4HANA Cloud Public Edition instead of SAP S/4HANA On- Premise?
- A. Full configuration scope
- B. Faster innovation cycles
- C. Access to transaction codes
- D. Integration to the Business Technology Platform
Answer: B
Explanation:
Architecture Overview of Financials in SAP S/4HANA
NEW QUESTION # 16
Before conversion to SAP S/4HANA, which activities must be completed in the SAP ERP system for Asset Accounting? Note: There are 3 correct answers to this question.
- A. Define depreciation areas for all currency types.
- B. Close all fiscal years except the current one.
- C. Assign accounting principles to all depreciation areas.
- D. Define a technical clearing account for integrated acquisitions.
- E. Activate enterprise extension EA-FIN.
Answer: A,B,E
Explanation:
System Preparation and Configuration for Conversion of Financials in SAP S/4HANA
NEW QUESTION # 17
What must you create before you can record commitments in the universal journal?
- A. Number ranges
- B. Statistical cost elements
- C. Derivation rule
- D. Extension ledger
Answer: D
NEW QUESTION # 18
In your SAP S/4HANA system, you use the accounts approach for parallel valuation and report financial values for three separate 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. 0
- B. 1
- C. 2
- D. 3
Answer: C
Explanation:
Asset Accounting Configuration in SAP S/4HANA
NEW QUESTION # 19
You post an asset acquisition with a purchase order. How is the asset acquisition value posted?
- A. Valuated acquisition is posted at invoice receipt.
- B. Non-valuated acquisition is posted at goods receipt.
- C. Non-valuated acquisition is posted at service entry sheet.
- D. Non-valuated acquisition is posted at invoice receipt.
Answer: D
Explanation:
Asset Accounting Configuration in SAP S/4HANA
NEW QUESTION # 20
You activate account-based CO-PA (Profitability Analysis) during migration. How is the system affected? Note: There are 3 correct answers to this question.
- A. Cost component split (COGS) can be configured in financial accounting.
- B. Characteristics will be added to the universal journal.
- C. Historical data will be enriched with characteristics by derivation
- D. Value fields will be added to the universal journal.
- E. Cost-based CO-PA can still be used in parallel.
Answer: A,B,E
NEW QUESTION # 21
Which of the following is a prerequisite to activate takeover values between depreciation areas?
- A. Takeover values are no longer supported in SAP S/4HANA.
- B. Depreciation areas must be assigned to the same accounting principles
- C. Takeover values are possible across all depreciation areas.
- D. Only one depreciation area per chart of depreciation is assigned 00.
Answer: C
NEW QUESTION # 22
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 the extension ledgers.
- B. You can assign additional valuations to separate accounts.
- C. You can assign each valuation to a separate ledger.
- D. You can assign profit center, group, and legal valuations to the same ledger.
Answer: B,D
Explanation:
Management Accounting Configuration in SAP S/4HANA
NEW QUESTION # 23
You activate account-based CO-PA (Profitability Analysis) during migration.How is the system affected?
Note: There are 3 correct answers to this question.
- A. Historical data will be enriched with characteristics by derivation.
- B. Cost component split (COGS) can be configured in financial accounting.
- C. Characteristics will be added to the universal journal.
- D. Value fields will be added to the universal journal.
- E. Cost-based CO-PA can still be used in parallel.
Answer: B,C,E
NEW QUESTION # 24
In a first step, you create an account with account type "secondary cost element" and cost element category "42" in controlling area A000 and company code 1010.In a second step, you change this account to cost element category "43" in company code 1750, which is assigned to the same controlling are
a. What is the effect in the system when you save this account?
- A. The cost element category in the account is changed for both company codes
- B. The system brings up an error message and rejectsthe change.
- C. The cost element category in the account is changed back to "42" for company code 1750.
- D. The cost element category is different in the two company codes.
Answer: A
NEW QUESTION # 25
What SAP S/4HANA deployment option will cause the least business disruption for the average SAP end user?
- A. On premise
- B. Public cloud
- C. Central finance
- D. Private cloud
Answer: A
Explanation:
Architecture Overview of Financials in SAP S/4HANA
NEW QUESTION # 26
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. Custom Code Check
- B. Authority Check
- C. Simplification Item-Check
- D. SAP Readiness Check
- E. Global Performance Analysis
Answer: A,C,D
NEW QUESTION # 27
On what level can you assign a fiscal year variant to a company code?
- A. Ledger group, for standard ledger type
- B. Ledger, for any type of ledger
- C. Ledger, forstandard ledger type
- D. Ledger group, for any type of ledger
Answer: B
NEW QUESTION # 28
What do you manage within cash operations of SAP Cash Management? Note: There are 2 correct answers to this question.
- A. Hedging and hedging contracts
- B. Bank risk analysis and risk mitigation
- C. Daily cash position, deficits, and surpluses
- D. Credit limits for customer accounts
Answer: B,C
NEW QUESTION # 29
You want to configure an extension ledger.
Which steps do you need to take? Note: There are 2 correct answers to this question.
- A. Specify the document type for the extension ledger.
- B. Assign a fiscal year variant to the extension ledger.
- C. Select an underlying ledger for the extension ledger.
- D. Specify allowed currency types for the extension ledger.
Answer: A,C
Explanation:
Financial Accounting Configuration in SAP S/4HANA
NEW QUESTION # 30
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. On premise
- D. Private cloud
Answer: B
NEW QUESTION # 31
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