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P_S4FIN_2023 Questions and Answers

Question # 6

Which processes create an artificial controlling document (document numberstarting with A)?Note: There are 2 correct answers to this question.

A.

Top down distribution in margin analysis

B.

FI posting of primary costs to production order

C.

Stock material consumption on project

D.

Internal activity allocation to sales order

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Question # 7

You maintain a launchpad for users who are assigned to the Z_MANACC role. What do you need to do to make an app available for the users?

A.

Add the app to a group that is assigned to the Z_MANACC role

B.

Assign the app directly to the Z_MANACC role and add the app to a group.

C.

Assign the app directly to the Z_MANACC role and add the app to a catalog.

D.

Add the app to a catalog that is assigned to the Z_MANACC role.

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Question # 8

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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Question # 9

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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Question # 10

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 non-leading ledger

D.

Assign 2 or more accounting principles to the leading ledger

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Question # 11

In what system is it required to perform all system conversion steps to identify and solve conversion errors?

A.

Production

B.

Quality Assurance

C.

Sandbox

D.

Development

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Question # 12

Your customer wants to maintain the current customer and supplier account numbers even after migrating to business partners. The customer also wants to ensure the account numbers continue to be aligned after the conversion .What settings must be made to ensure this? Note: There are 2 correct answers to this question

A.

Use internal number ranges in the customer and supplier account groups after the conversion

B.

Use internal number ranges in the BP groupings after the conversion

C.

Use external number ranges in the customer and supplier account groups for the conversion.

D.

Use external number ranges in the BP groupings for the conversion.

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Question # 13

Which settings are allowed for open item management for the GR/IR account? Note: There are 2 correct answers to this question.

A.

Reconciliation account

B.

Classic open item management

C.

Extended open item management

D.

Ledger specific open item management

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Question # 14

What do you manage within cash operations of SAP Cash Management? Note: There are 2 correct answers to this question.

A.

Bank risk analysis and risk mitigation

B.

Credit limits for customer accounts

C.

Daily cash position, deficits, and surpluses

D.

Hedging and hedging contracts

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Question # 15

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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Question # 16

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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Question # 17

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-based CO-PA can still be used in parallel.

B.

Characteristics will be added to the universal journal.

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.

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Question # 18

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 area. What is the effect in the system when you save this account?

A.

The system brings up an error message and rejectsthe change.

B.

The cost element category is different in the two company codes.

C.

The cost element category in the account is changed back to "42" for company code 1750.

D.

The cost element category in the account is changed for both company codes

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Question # 19

What SAP S/4HANA deployment option will cause the least business disruption for the average SAP end user?

A.

Central finance

B.

On premise

C.

Private cloud

D.

Public cloud

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Question # 20

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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Question # 21

Which modules read and write line items of the universal journal (ACDOCA)?Note: There are 2 correct answers to this question.

A.

Account-based profitability analysis

B.

Actual costing

C.

Cash management

D.

Costing-based profitability analysis

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Question # 22

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.

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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 answersto 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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Question # 24

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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