[Jan 07, 2025] Latest Questions P-S4FIN-2023 Guide to Prepare Free Practice Tests
Reliable P-S4FIN-2023 Dumps Questions Available as Web-Based Practice Test Engine
SAP P-S4FIN-2023 Exam Syllabus Topics:
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NEW QUESTION # 29
You carry forward balances for your company code and leading ledger to the new fiscal year 2024 and you get an error message related to asset accounting.
What single action can resolve the error?
- A. Run "Calculate Depreciation" (transaction AFAR) for fiscal year 2024.
- B. Post revaluation and new valuation (transaction AR29N) for fiscal year 2023.
- C. Post all depreciation (transaction AFAB) for the fiscal year 2023.
- D. Run the fiscal year change (transaction FAA_CMP) to close fiscal year 2022.
Answer: D
Explanation:
Asset Accounting Configuration in SAP S/4HANA
NEW QUESTION # 30
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 external number ranges in the BP groupings for 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 internal number ranges in the customer and supplier account groups after the conversion
Answer: C,D
NEW QUESTION # 31
A fixed asset is to be posted in the new fiscal year. Which closing activity must be carried out for this?
- A. Fiscal year change program must have been executed.
- B. Settlement of all assets under construction for the previous year.
- C. All APC values must have been posted using report "Periodic Asset Postings".
- D. All depreciation up to that point must be posted.
Answer: D
Explanation:
Asset Accounting Configuration in SAP S/4HANA
NEW QUESTION # 32
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. If asset accounting is used, a depreciation area must be assigned.
- 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. It must be assigned to an underlying ledger.
Answer: A,B
NEW QUESTION # 33
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. Calculated values are NOT added to the ACDOCA.
- B. New currency fields are NOT updated for existing data.
- C. Archived data CANNOT be enriched with the new currency.
- D. Reconciliation for entities in asset accounting is NOT included.
Answer: C,D
NEW QUESTION # 34
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 a technical clearing account for integrated acquisitions
- B. Assign accounting principles to all depreciation areas
- C. Define depreciation areas for all currency types.
- D. Close all fiscal years except the current one.
- E. Activate enterprise extension EA-FIN.
Answer: C,D,E
NEW QUESTION # 35
What do you configure to automatically create a vendor when you create a business partner? Note:
There are 2 correct answers to this question.
- A. Business partner relationships
- B. The customer/vendor integration interface
- C. The partner functions for vendors
- D. The business partner grouping key
Answer: B,D
Explanation:
Financial Accounting Configuration in SAP S/4HANA
NEW QUESTION # 36
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?
- A. The cost element category in the account is changed back to "42" for company code 1750.
- B. The cost element category is different in the two company codes.
- C. The cost element category in the account is changed for both company codes
- D. The system brings up an error message and rejectsthe change.
Answer: C
NEW QUESTION # 37
Which reports are included with SAP S/4HANA, embedded analytics? Note: There are 2 correct answers to this question.
- A. SAP Analytics Cloud reports
- B. SAP Analysis for Microsoft Office reports
- C. Multidimensional reports
- D. Analytical List Page reports
Answer: C,D
Explanation:
Architecture Overview of Financials in SAP S/4HANA
NEW QUESTION # 38
Which objects do you need to configure in SAP S/4HANA after a conversion from classic G/L to SAP S/4HANA? Note: There are 2 correct answers to this question.
- A. Document type
- B. Currency type
- C. Accounting principle
- D. Valuation area
Answer: C,D
Explanation:
Financial Accounting Configuration in SAP S/4HANA
NEW QUESTION # 39
You run foreign currency valuation for both local and international GAAP. This leads to different values for the two different accounting principles.
How can you set this up in the system?
- A. Define a valuation area and ledger group for two ledgers to link with the new valuation area.
- B. Define two valuation areas and two accounting principles with relevant links to ledgers.
- C. Define two valuation methods and assign the accounting principles to the new valuation methods.
- D. Define a valuation area and an accounting principle with relevant links to ledgers.
Answer: B
Explanation:
Financial Accounting Configuration in SAP S/4HANA
NEW QUESTION # 40
At which level is the migration run for finance data performed?
- A. Client
- B. Controlling area
- C. Company code
- D. Operating concern
Answer: A
NEW QUESTION # 41
In an on-premise SAP S/4HANA system, which of the following features is mandatory?
- A. Universal parallel accounting
- B. Registration for Indirect Taxes Abroad
- C. Material ledger
- D. Document splitting
Answer: C
Explanation:
Architecture Overview of Financials in SAP S/4HANA
NEW QUESTION # 42
What is the earliest point in time that the attributed profitability segments can be derived?
- A. When you run the top-down distribution in margin analysis
- B. When you settle the cost to margin analysis
- C. When you post the primary cost document to a WBS element
- D. When you assess the costs to margin analysis using the universal allocation
Answer: C
NEW QUESTION # 43
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. Assign accounting principles to all depreciation areas.
- B. Define depreciation areas for all currency types.
- C. Close all fiscal years except the current one.
- D. Define a technical clearing account for integrated acquisitions.
- E. Activate enterprise extension EA-FIN.
Answer: B,C,E
Explanation:
System Preparation and Configuration for Conversion of Financials in SAP S/4HANA
NEW QUESTION # 44
Your customer uses the ledger approach to multiple valuation. During conversion to SAP S/4HANA, which configurations will be required? Note: There are 2 correct answers to this question.
- A. Assign accounting principles to all real and derived depreciation areas.
- B. Configure delta depreciation areas to no longer post to the general ledger
- C. Define the document type for the accounting-principle-specific documents.
- D. Convert all accounts of parallel valuations to reconciliation accounts
Answer: A,D
NEW QUESTION # 45
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. Year-end closing
- B. Insurance values in the asset master records
- C. Non-posting depreciation areas
- D. Depreciation areas for parallel currencies
Answer: B
NEW QUESTION # 46
You notice alpha-numeric document numbers in the universal journal, that do not have a corresponding document header stored in the BKPF table.
Which activities may lead to alpha-numeric document numbers? Note: There are 2 correct answers to this question.
- A. Cross company code postings
- B. Corrections due to migration
- C. Customer invoice posted via interface
- D. Balance carry forward
Answer: B,D
Explanation:
Architecture Overview of Financials in SAP S/4HANA
NEW QUESTION # 47
What must you create before you can record commitments in the universal journal?
- A. Derivation rule
- B. Statistical cost elements
- C. Number ranges
- D. Extension ledger
Answer: D
NEW QUESTION # 48
Which checks can you run directly in an SAP ECC system to support the planning of a standard SAP S/4HANA conversion project? Note: There are 3 correct answers to this question.
- A. Authority Check
- B. Global Performance Analysis
- C. Simplification Item-Check
- D. SAP Readiness Check
- E. Custom Code Check
Answer: C,D,E
Explanation:
System Preparation and Configuration for Conversion of Financials in SAP S/4HANA
NEW QUESTION # 49
What cost centre planning process can write data directly to plan item table ACDOCP?
- A. Manual planning of statistical key figures
- B. Formula planning with templates
- C. Internal activity price calculation
- D. Planning in SAP Analytics Cloud
Answer: A
Explanation:
Management Accounting Configuration in SAP S/4HANA
NEW QUESTION # 50
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