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

Question 1

Which reports are included with SAP S/4HANA, embedded analytics? Note: There are 2 correct answers to this question.

A. SAP Analysis for Microsoft Office reports

B. SAP Lumira reports

C. Analytical List Page reports

D. Multidimensional reports

Correct Answer: A,C

Question 2

What do you assign to a depreciation area in SAP S/4HANA asset accounting? Note: There are 2 correct answers to this question.

A. A chart of depreciation

B. An alternative depreciation area

C. An accounting principle

D. A ledger account determination key

Correct Answer: B,C

Question 3

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

A. Specify the document type for the extension ledger.

B. Specify allowed currency types for the extension ledger

C. Assign a fiscal year variant to the extension ledger

D. Select an underlying ledger for the extension ledger.

Correct Answer: A,D

Question 4

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. Valuation area

C. Accounting principle

D. Currency type

Correct Answer: B,C

Question 5

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

A. Settlement of internal order (K088)

B. Assessment cycle of cost centers (KSU5)

C. Post time sheet data to Controlling (CAT7)

D. Post FI supplier invoice (FB60)

Correct Answer: C,D

Question 6

You post an asset acquisition with a purchase order. How is the asset acquisition 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 7

You create a G/L account and set the cost element category to 42 (assessment).In what table isthe cost element category updated?

A. SKB1

B. CSKA

C. CSKB

D. SKA1

Correct Answer: C

Question 8

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 two valuation areas and two accounting principles with relevant links to ledgers.

B. Define a valuation area and an accounting principle 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 ledger group for two ledgers to link with the new valuation area

Correct Answer: A

Question 9

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. Non-posting depreciation areas

C. Insurance values in the asset master records

D. Depreciation areas for parallel currencies

Correct Answer: C

SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts - P-S4FIN-2021 Exam Practice Test

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