SAP P_S4FIN_2023 Exam Practice Test Instant Access

Question 1

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 2

Which values are stored in the universal journal (ACDOCA)?Note: There are 2 correct answers to this question.

ATransfer prices

BActual costing results

CParallel currencies

DElimination of intercompany postings

Answer : A, C

Question 3

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.

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

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

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

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

Answer : A, B

Question 4

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 are

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

AThe system brings up an error message and rejectsthe change.

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

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

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

Answer : D

Question 5

You start your first sandbox migration and get a lot of errors.How are errors handled in an SAP S/4HANA migration? Note: There are 2 correct answersto this question.

ACritical errors must be resolved in the production system before Go Live.

BAll errors related to closed years can be ignored.

CErrors must be clarified, and uncritical errors can be accepted

DAll errors must be corrected before SUM (Software Update Manager)starts.

Answer : A, D

Question 6

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.

AFinancial statement item

BFunctional area

CBusiness area

DG/L account

ESegment

Answer : A, B, D

Question 7

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

AInternal activity price calculation

BPlanning in SAP Analytics Cloud

CManual planning of statistical key figures

DFormula planning with templates

Answer : C

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