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SAP P_S4FIN_2023 SAP Certified Professional – SAP S/4HANA Cloud Private Edition, Financials for SAP ERP Online Training

Question #1

In an SAP S/4HANA system, which of the following features is mandatory?

  • A . Material ledger
  • B . Parallel ledgers
  • C . Actual costing
  • D . Margin analysis

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Correct Answer: A
Question #2

At which level is the migration run for finance data performed?

  • A . Company code
  • B . Client
  • C . Operating concern
  • D . Controlling area

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Correct Answer: B
Question #3

In your system, you are creating a new company code that requires an additional standard ledger.

Which statements apply to a standard ledger? Note: There are 2 correct answers to this question.

  • A . It must be assigned to an underlying ledger.
  • B . It will generate additional line items in ACDOCA for non-ledger-specific postings.
  • C . It is always active on the system level for all company codes.
  • D . If asset accounting is used, a depreciation area must be assigned.

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Correct Answer: B, D
Question #4

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 . Set the zero balance indicator.
  • B . Define a PA transfer structure.
  • C . Define a clearing account.
  • D . Assign a segment to all G/L accounts

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Correct Answer: A, C
Question #5

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 . 4
  • B . 3
  • C . 1
  • D . 2

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Correct Answer: C
Question #6

Which data is converted during an SAP S/4HANA standard conversion?

  • A . Only company codes and years selected in the customizing for migration
  • B . Only company codes selected in the customizing for migration for all the years
  • C . All company codes for the years you specify
  • D . All company codes with all data of all years

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Correct Answer: D
Question #7

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/ no deletion possible
  • B . Standard journal entries
  • C . Journal entries for valuation differences
  • D . Line items with technical numbers/ deletion possible

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Correct Answer: A
Question #8

What do you configure to automatically create a vendor when you create a business partner? Note: There are 2 correct answers to this question.

  • A . The partner functions for vendors
  • B . Business partner relationships
  • C . The customer/vendor integration interface
  • D . The business partner grouping key

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Correct Answer: C, D
Question #9

You create a G/L account and set the cost element category to 42 (assessment).

In what table is the cost element category updated?

  • A . SKB1
  • B . CSKA
  • C . SKA1
  • D . CSKB

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Correct Answer: D
Question #10

Which technologies help you decrease data volume in the SAP HANA database? Note: There are 2 correct answers to this question.

  • A . Indexing
  • B . Storing
  • C . Archiving
  • D . Aging

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Correct Answer: C, D

Question #11

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 . Standard cost of goods sold
  • D . CO-PA valuated insurance costs

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Correct Answer: A, B
Question #12

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 . Global Performance Analysis
  • C . Authority Check
  • D . SAP Readiness Check
  • E . Simplification Item-Check

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Correct Answer: A, D, E
Question #13

You want to convert your system from an account solution into a ledger solution without a prior New G/L migration project.

Which scenario can be used? Note: There are 2 correct answers to this question.

  • A . SAP Standard Conversion
  • B . New implementation
  • C . Selective Data Transition
  • D . Chart of Accounts Conversion

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Correct Answer: A, D
Question #14

Your customer has created a custom ABAP report in an SAP ERP system based on total stable GLTO.

How is this totals table treated in SAP S/4HANA to safeguard custom ABAP reporting programs?

  • A . The table GLTO has been removed and replaced by a compatibility view.
  • B . The table GLTO has been removed but its content has been added to table ACDOCA thanks to a compatibility view.
  • C . The table GLTO has been kept but a compatibility view has been generated to read its content.
  • D . The table GLTO has been archived but its content has been added to table ACDOCA thanks to a compatibility view.

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Correct Answer: A
Question #15

Which fields do you maintain when defining the source ledger for migration of balances? Note: There are 2 correct answers to this question.

  • A . Source table
  • B . Period
  • C . Company code
  • D . Year

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Correct Answer: C, D
Question #16

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

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Correct Answer: D
Question #17

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, for standard ledger type
  • D . Ledger group, for any type of ledger

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Correct Answer: B
Question #18

What is the maximum number of currency types that you can report on for a ledger?

  • A . 3
  • B . 10
  • C . 12
  • D . 8

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Correct Answer: B
Question #19

Which reports are included with SAP S/4HANA, embedded analytics? Note: There are 2 correct answers to this question.

  • A . Analytical List Page reports
  • B . Multidimensional reports
  • C . SAP Lumira reports
  • D . SAP Analysis for Microsoft Office reports

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Correct Answer: A, D
Question #20

You run an assessment cycle for cost centers, but no postings are made because the posting period is NOT open. Against which period interval is the check being made?

  • A . First interval 3, then interval 2 if interval 3 is not maintained
  • B . First interval 3, then intervals 1&2 if interval 3 is not maintained
  • C . Only interval 3, no other intervals checked if interval 3 is not maintained
  • D . First interval 3, then interval 1 if interval 3 is not maintained

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Correct Answer: C

Question #21

What setting must be identical between the company code and controlling area?

  • A . The valuation variant key
  • B . The posting period variant key
  • C . The number of posting and special periods
  • D . The fiscal year variant key

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Correct Answer: D
Question #22

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

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Correct Answer: A, D
Question #23

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

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

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Correct Answer: A, D, E
Question #24

You want to set up a multi-level gross margin report in profitability analysis (CO-PA).

What do you customize to report the fixed and variable values separately? Note: There are 2 correct answers to this question.

  • A . Margin analysis: no specific customizing is necessary
  • B . Costing-based CO-PA: no specific customizing is necessary
  • C . Margin analysis: assign different accounts (assignment of different accounts is necessary)
  • D . Costing-based CO-PA: assign different value fields (assignment of different value fields is necessary)

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Correct Answer: C, D
Question #25

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

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

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Correct Answer: C
Question #26

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 . Financial statement item
  • B . Functional area
  • C . Business area
  • D . G/L account
  • E . Segment

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Correct Answer: A, B, D
Question #27

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 . Customer Vendor Integration can start.
  • D . All views are generated successfully.
  • E . Only critical error messages have been accepted.

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Correct Answer: A, B, D
Question #28

What system configuration in your customer’s current SAP ERP system will have a major effect on the duration and complexity of a system conversion to SAP S/4HANA?

  • A . The system does NOT use material ledger for actual costing.
  • B . The system uses classic asset accounting to manage fixed assets.
  • C . The customer does NOT use business partners to manage customers and suppliers
  • D . The customer uses the accounts approach for parallel accounting

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Correct Answer: B
Question #29

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

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Correct Answer: A, C
Question #30

You are performing a system conversion for a customer that uses classic G/L with the accounts approach.

What must you configure in SAP S/4HANA for local and international accounting standards in order to migrate the account values in an S/4HANA standard conversion project? Note: There are 3 correct answers to this question.

  • A . Valuation areas (FI)
  • B . Standard ledgers
  • C . Document types
  • D . Accounting principles
  • E . Ledger groups

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Correct Answer: A, D, E
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