SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts

Question 1

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. System conversion (Brownfield)

B. Selective data transition

C. New Implementation (greenfield)

D. Central Finance

Correct Answer: C,D

Question 2

Which object acts as a data source for cash management (cash flow analyser) in SAP S/4HANA?

A. Bank fees

B. Statistical key figure

C. Memo Records

D. Value fields

Correct Answer: C

Question 3

You notice alpha-numeric document numbers in the Universal journal that do not have a separate document header stored in the BKPF table. Which activities may lead to alpha- numeric document numbers? There are 2 correct answer to this question

A. Cross company code postings

B. Settlement of investment orders

C. Corrections due to migrations

D. balance carry forward

Correct Answer: C,D

Question 4

Which transactions generate a prima nota entry in the system in addition to the universal journal entry? There are 2 correct answers to this question

A. Settlement of internal order (K088)

B. Post time sheet data to Controlling (CAT7)

C. Post FI supplier invoice (FB70)

D. Assessment cycle of cost centers (KSUS)

Correct Answer: B,C

Question 5

An asset is being acquired through integration with procurement. How is the asset aquisition value posted?

A. Non-Valuated acquisition is posted at goods receipt

B. Valuated acquisition is posted at invoice receipt

C. Non-Valuated acquisition is posted at invoice receipt

D. Valuated acquisition is posted at settlement

Correct Answer: C

Question 6

What does the Parallel Accounting Using G/ L Accounts indicator in ledger configuration allow you to do?

A. Assign 2 or more valuation areas to 1 company code

B. Assign 2 or more ledgers to 1 accounting principle

C. Assign 2 ledgers to 1 company code

D. Assign 2 or more Accounting principles to 1 Ledger

Correct Answer: D

Question 7

How many digits for the amount field on the financial document line item level are supported in the universal journal?

A. 23

B. 27

C. 13

D. 17

Correct Answer: A

Question 8

You are performing a system conversion for a customer that uses classic general ledger 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? There are 3 correct answers to this question.

A. Ledger Groups

B. Accounting Principles

C. Document types

D. Standard ledgers

E. Valuation Areas (FI)

Correct Answer: A,B,E

Question 9

What setting must be identical between the company code and controlling area?

A. The fiscal year variant key

B. The number of postings and special periods

C. The number of special periods

D. The number of posting periods

Correct Answer: A

SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts - P-S4FIN-2020 Exam Practice Test

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