SAP P_S4FIN_2023 Exam Practice Test Instant Access

Question 1

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.

AImplementation of real-time integration of controlling to financial accounting

BImplementation of chart of accounts conversion

CImplementation of an additional standard ledger for parallel accounting

DImplementation of document splitting

Answer : C, D

Question 2

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

AMigrate the material ledger.

BConfigure accounts for COGS split.

CCreate document type for CO postings.

DActivate attributed profitability analysis

Answer : D

Question 3

You are converting yoursystem to SAP S/4HAN

AIn yoursystem, you have:Three company codes assigned to a single controlling area. Controlling area is assigned to fiscal year variant K4. Two company codes assigned to fiscal year variant K2. One company code assigned to variant K3.During conversion to SAP S/4HANA, what do you need to change?

ACreate a new fiscal year variant (for example Z4) and assign it to all company codes and the controlling area.

BChange all company codes to fiscal year variant K4.

CChange all company codes to fiscal year variant K2.

DChange all company codes and the controlling area to fiscal year variant K2.

Answer : B

Question 4

How can you set up multiple valuations for transfer pricing in your SAP S/4HANA system? Note: There are 2 correct answers to this question.

AYou can assign each valuation to a separate ledger.

BYou can assign additional valuations to separate accounts.

CYou can assign additional valuations to the extension ledgers.

DYou can assign profit center, group, and legal valuations to the same ledger.

Answer : A, D

Question 5

In which cases can you use a transfer price for goods movement in parallel valuation? Note: There are 2 correct answers to this question.

ABetween two accounting principles

BBetween two company codes

CBetween two profit centers

DBetween two storage locations

Answer : B, C

Question 6

What are the consequences in an SAP ERP system when activating the business function EA-FIN to support conversion to SAP S/4HANA?

ANew asset accounting is activated.

BParallel ledgers are available.

CPeriod posting (ASKB) became obsolete.

DNew depreciation engine is used.

Answer : A

Question 7

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.

AValuation areas (FI)

BStandard ledgers

CDocument types

DAccounting principles

ELedger groups

Answer : A, D, E

SAP P_S4FIN_2023 SAP Certified Professional - SAP S/4HANA Cloud Private Edition, Financials for SAP ERP Exam Practice Test