P-S4FIN-2023 Practice Test Questions Answers Updated 80 Questions
P-S4FIN-2023 dumps & SAP Certified Professional Sure Practice with 80 Questions
NEW QUESTION # 34
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. Accounting principles
- B. Ledger groups
- C. Standard ledgers
- D. Valuation areas (FI)
- E. Document types
Answer: A,B,D
NEW QUESTION # 35
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. Set the G/L account type to Primary Costs or Revenue.
- C. Define the G/L account as an asset reconciliation account.
- D. Enter value 90 in the cost element category field.
Answer: A,C
Explanation:
Financial Accounting Configuration in SAP S/4HANA
NEW QUESTION # 36
What are the consequences in an SAP ERP system when activating the business function EA-FIN to support conversion to SAP S/4HANA?
- A. Parallel ledgers are available.
- B. New depreciation engine is used.
- C. New asset accounting is activated.
- D. Period posting (ASKB) became obsolete.
Answer: C
NEW QUESTION # 37
What do you assign to a depreciation area in SAP S/4HANA asset accounting? Note: There are 2 correct answers to this question.
- A. An alternative depreciation area
- B. A chart of depreciation
- C. A ledger account determination key
- D. An accounting principle
Answer: C,D
Explanation:
Asset Accounting Configuration in SAP S/4HANA
NEW QUESTION # 38
A document can have up to 999999 line items in the universal journal (reporting or G/L view).How does this affect the entry view table
- A. It is still limited to 999 line items but the system automatically splits the single entry into multiple documents as required
- B. It is automatically extended to 999999 line items.
- C. It is still limited to 999 line items but you can configure summarization on certain criteria.
- D. It is now a compatibility view without number restrictions.
Answer: C
NEW QUESTION # 39
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. Valuated acquisition is posted at settlement
- C. Non-valuated acquisition is posted at goods receipt-
- D. Non-valuated acquisition is posted at invoice receipt.
Answer: D
NEW QUESTION # 40
A fixed asset is to be posted in the new fiscal year. Which closing activity must be carried out for this?
- A. All APC values must have been posted using report "Periodic Asset Postings".
- B. Settlement of all assets under construction for the previous year.
- C. All depreciation up to that point must be posted.
- D. Fiscal year change program must have been executed.
Answer: C
Explanation:
Asset Accounting Configuration in SAP S/4HANA
NEW QUESTION # 41
What setting must be identical between the company code and controlling area?
- A. The currency and valuation profile
- B. The group chart of account
- C. The fiscal year variant key
- D. The posting period variant key
Answer: C
Explanation:
Management Accounting Configuration in SAP S/4HANA
NEW QUESTION # 42
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: D
Explanation:
Architecture Overview of Financials in SAP S/4HANA
NEW QUESTION # 43
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. Reconciliation for entities in asset accounting is NOT included.
- B. Archived data CANNOT be enriched with the new currency.
- C. New currency fields are NOT updated for existing data.
- D. Calculated values are NOT added to the ACDOCA.
Answer: A,B
Explanation:
Financial Accounting Configuration in SAP S/4HANA
NEW QUESTION # 44
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. Define a technical clearing account for integrated acquisitions.
- C. Activate enterprise extension EA-FIN.
- D. Close all fiscal years except the current one.
- E. Assign accounting principles to all depreciation areas.
Answer: A,C,D
Explanation:
System Preparation and Configuration for Conversion of Financials in SAP S/4HANA
NEW QUESTION # 45
Which technologies help you decrease data volume in the SAP HANA database?Note: There are 2 correct answers to this question.
- A. Archiving
- B. Indexing
- C. Aging
- D. Storing
Answer: A,C
NEW QUESTION # 46
In an on-premise SAP S/4HANA system, which of the following features is mandatory?
- A. Material ledger
- B. Registration for Indirect Taxes Abroad
- C. Universal parallel accounting
- D. Document splitting
Answer: A
Explanation:
Architecture Overview of Financials in SAP S/4HANA
NEW QUESTION # 47
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. Set the zero balance indicator.
- C. Define a clearing account.
- D. Define a PA transfer structure.
Answer: B,C
Explanation:
Financial Accounting Configuration in SAP S/4HANA
NEW QUESTION # 48
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. CSKB
- B. SKB1
- C. CSKA
- D. CSKU
Answer: A
Explanation:
Financial Accounting Configuration in SAP S/4HANA
NEW QUESTION # 49
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