[2024] Pass SAP P-S4FIN-2023 Exam Updated 80 Questions
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SAP P-S4FIN-2023 Exam Syllabus Topics:
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NEW QUESTION # 22
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. Define a clearing account.
- B. Define a PA transfer structure.
- C. Assign a segment to all G/L accounts
- D. Set the zero balance indicator.
Answer: A,D
NEW QUESTION # 23
What is an advantage of selecting SAP S/4HANA Cloud Public Edition instead of SAP S/4HANA On- Premise?
- A. Integration to the Business Technology Platform
- B. Full configuration scope
- C. Access to transaction codes
- D. Faster innovation cycles
Answer: D
Explanation:
Architecture Overview of Financials in SAP S/4HANA
NEW QUESTION # 24
Your customer wants to convert their SAP ERP New G/L ledger solution to SAP S/4HANA.Which system configuration options are available for the customer after the conversion project is finalized? Note: There are 2 correct answers to this question.
- A. Implementation of an additional standard ledger for parallel accounting
- B. Implementation of real-time integration of controlling to financial accounting
- C. Implementation of chart of accounts conversion
- D. Implementation of document splitting
Answer: A,D
NEW QUESTION # 25
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. Assign accounting principles to all depreciation areas.
- C. Activate enterprise extension EA-FIN.
- D. Close all fiscal years except the current one.
- E. Define a technical clearing account for integrated acquisitions.
Answer: A,C,D
Explanation:
System Preparation and Configuration for Conversion of Financials in SAP S/4HANA
NEW QUESTION # 26
What restrictions apply when a new currency is introduced for productive company codes and ledgers?
Note: There are 2 correct answers to this question.
- A. New currency fields are NOT updated for existing data.
- B. Archived data CANNOT be enriched with the new currency.
- C. Reconciliation for entities in asset accounting is NOT included.
- D. Calculated values are NOT added to the ACDOCA.
Answer: B,C
Explanation:
Financial Accounting Configuration in SAP S/4HANA
NEW QUESTION # 27
Which model can be used for ABAP cloud-native development?
- A. The SAP S/4HANA Cloud Extensibility Model
- B. ABAP RESTful Application Programming Model
- C. The ABAP Cloud Development Model
Answer: C
Explanation:
Managing Clean Core
NEW QUESTION # 28
What data for asset accounting is stored in the universal journal? Note: There are 2 correct answers to this question.
- A. Actual depreciations of the controlling depreciation area used for management valuations
- B. Acquisition and production cost values of all depreciation areas that are defined as real depreciation areas
- C. Actual depreciations of all depreciation areas that are set to post depreciation periodically
- D. Acquisition and production cost values of all depreciation areas that are assigned to an accounting principle
Answer: A,C
Explanation:
Asset Accounting Configuration in SAP S/4HANA
NEW QUESTION # 29
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 cannot configure and activate document splitting during conversion.
- B. You must continue to use Special Purpose Ledger for preparation for consolidation.
- C. You must define valuation areas for foreign currency valuation.
- D. You must configure profit center and segment accounting.
- E. You must use the accounts approach to parallel valuation.
Answer: A,B,D
Explanation:
System Preparation and Configuration for Conversion of Financials in SAP S/4HANA
NEW QUESTION # 30
In Controlling, what is a mandatory customizing step when converting a system to SAP S/4HANA?
- A. Migrate the material ledger.
- B. Create document type for CO postings.
- C. Activate attributed profitability analysis
- D. Configure accounts for COGS split.
Answer: C
NEW QUESTION # 31
In an on-premise SAP S/4HANA system, which of the following features is mandatory?
- A. Universal parallel accounting
- B. Document splitting
- C. Material ledger
- D. Registration for Indirect Taxes Abroad
Answer: C
Explanation:
Architecture Overview of Financials in SAP S/4HANA
NEW QUESTION # 32
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: D
NEW QUESTION # 33
You select the configuration option Set Migration to Completed in the Conversion of Accounting to SAP S/4HANA.What does this mean? Note: There are 3 correct answers to this question
- A. Customizing is consistent.
- B. All error messages have been accepted.
- C. All views are generated successfully.
- D. Only critical error messages have been accepted.
- E. Customer Vendor Integration can start.
Answer: A,B,C
NEW QUESTION # 34
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 valuation view for the extension ledger
- C. The financial statement version for both types of ledgers
- D. The fiscal year variant for the standard ledger
Answer: A,D
NEW QUESTION # 35
Which processes create an artificial controlling document (document numberstarting with A)?Note: There are 2 correct answers to this question.
- A. FI posting of primary costs to production order
- B. Top down distribution in margin analysis
- C. Stock material consumption on project
- D. Internal activity allocation to sales order
Answer: A,B
NEW QUESTION # 36
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. Simplification Item-Check
- B. Authority Check
- C. Global Performance Analysis
- D. Custom Code Check
- E. SAP Readiness Check
Answer: A,D,E
NEW QUESTION # 37
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. Characteristics will be added to the universal journal.
- B. Cost-based CO-PA can still be used in parallel.
- C. Value fields will be added to the universal journal.
- D. Historical data will be enriched with characteristics by derivation
- E. Cost component split (COGS) can be configured in financial accounting.
Answer: A,B,E
NEW QUESTION # 38
Your customer uses the ledger approach to multiple valuation. During conversion to SAP S/4HANA, which configurations will be required? Note: There are 2 correct answers to this question.
- A. Convert all accounts of parallel valuations to reconciliation accounts
- B. Assign accounting principles to all real and derived depreciation areas.
- C. Define the document type for the accounting-principle-specific documents.
- D. Configure delta depreciation areas to no longer post to the general ledger
Answer: A,B
NEW QUESTION # 39
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 co 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 area.
What is the effect in the system when you save this account?
- A. The system brings up an error message and rejects the change.
- B. The cost element category is different in the two company codes.
- C. The cost element category in the account is changed for both company codes.
- D. The cost element category in the account is changed back to "42" for company code 1750.
Answer: C
Explanation:
Management Accounting Configuration in SAP S/4HANA
NEW QUESTION # 40
You want to post values of the incoming sales orders to both account-based CO-PA and costing-based CO-PA.
What do you need to do? Note: There are 2 correct answers to this question.
- A. Activate "Predictive Accounting" for billing document item categories
- B. Activate "Predictive Accounting" for sales processes at controlling area level
- C. Set up an extension ledger with type "Line items with technical numbers"
- D. Define the prediction ledger for your operating concern
Answer: A,B
Explanation:
Management Accounting Configuration in SAP S/4HANA
NEW QUESTION # 41
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. Costing-based CO-PA
- B. Classic Credit Management
- C. Accrual Engine
- D. Cash Management
- E. Special Purpose Ledger
Answer: A,B,E
NEW QUESTION # 42
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