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P_S4FIN_2023 SAP Certified Professional - SAP S/4HANA Cloud Private Edition, Financials for SAP ERP Question and Answers

Question # 4

You post an asset acquisition with a purchase order. How is the asset acquisition value posted?

A.

Valuated acquisition is posted at settlement

B.

Valuated acquisition is posted at invoice receipt.

C.

Non-valuated acquisition is posted at invoice receipt.

D.

Non-valuated acquisition is posted at goods receipt-

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Question # 5

You are converting your system to SAP S/4HANA.Which functionality became obsolete in S/4HANA in Asset Accounting and needs to be migrated before conversion?

A.

Depreciation areas for parallel currencies

B.

Non-posting depreciation areas

C.

Year-end closing

D.

Insurance values in the asset master records

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Question # 6

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 # 7

In which of the possible scenarios can you indicate that an account is also a statistical cost element?Note: There are 2 correct answers to this question.

A.

It is used as WIP account from price differences in the material account assignment

B.

It is used as balance sheet account for APC costsin fixed asset accounting.

C.

It is used as inventory account (BSX) in the material account assignment.

D.

It is used as special reserve balance account in fixed asset accounting.

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Question # 8

You want to configure an extension ledger. Which steps do you need to take? Note: There are 2 correct answers to this question.

A.

Select an underlying ledger for the extension ledger.

B.

Specify allowed currency types for the extension ledger

C.

Specify the document type for the extension ledger.

D.

Assign a fiscal year variant to the extension ledger

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Question # 9

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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Question # 10

You post a payment to a supplier invoice. In the universal journal table, you see that more line items are created than were visible in the document entry view. Which configuration may have caused the additional line items? Note: There are 2 correct answers to this question.

A.

A non-leading ledger

B.

The summarization in ACDOCA

C.

An extension ledger

D.

Zero balance indicator for profit center

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Question # 11

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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Question # 12

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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Question # 13

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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Question # 14

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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Question # 15

In Controlling, what is a mandatory customizing step when converting a system to SAP S/4HANA?

A.

Migrate the material ledger.

B.

Configure accounts for COGS split.

C.

Create document type for CO postings.

D.

Activate attributed profitability analysis

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Question # 16

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 # 17

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 # 18

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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Question # 19

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 must use the accounts approach to parallel valuation.

B.

You must define valuation areas for foreign currency valuation.

C.

You must configure profit center and segment accounting.

D.

You cannot configure and activate document splitting during conversion.

E.

You must continue to use Special Purpose Ledger for preparation for consolidation.

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Question # 20

What are some features of actual costing in SAP S/4HANA?Note: There are 2 correct answers to this question

A.

Selection of activity prices of other CO-versions in the standard run

B.

Simplified data structure with new table structure

C.

Reduced number of steps in the calculation cockpit

D.

Combined run for both standard and alternative valuations

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Question # 21

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 real-time integration of controlling to financial accounting

B.

Implementation of chart of accounts conversion

C.

Implementation of an additional standard ledger for parallel accounting

D.

Implementation of document splitting

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Question # 22

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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Question # 23

Your customer currently uses classic G/L and asks what new functionalities can be implemented during an SAP standard conversion to SAP S/4HANA.What functionality can you activate?

A.

Additional parallel currency

B.

Document splitting

C.

Margin analysis

D.

Additional standard ledger

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Question # 24

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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