Get 100% Passing Success With True P_S4FIN_2023 Exam! [Oct-2024]
SAP P_S4FIN_2023 PDF Questions - Exceptional Practice To SAP Certified Professional - SAP S/4HANA Cloud Private Edition, Financials for SAP ERP
NEW QUESTION # 44
You are a consultant on an SAP S/4HANA Cloud brownfield project. Several mission critical business processes have been successfully remodeled in accordance with clean core principles. You must now create the necessary workflows.Which of the following SAP Signavio solutions can be used to create the workflows?
- A. SAP Signavio Process Manager
- B. SAP Signavio Process Governance
- C. SAP Signavio Process Intelligence
- D. SAP Signavio Process Insights
Answer: A,B
Explanation:
Managing Clean Core
NEW QUESTION # 45
Which of the following components are obsolete and require migration activities during a standard conversion to SAP S/4HANA?Note: There are 3 correct answersto this question.
- A. Classic Credit Management
- B. Special Purpose Ledger
- C. Costing-based CO-PA
- D. Cash Management
- E. Accrual Engine
Answer: A,B,C
NEW QUESTION # 46
Which type of extension ledger do you set up to record incoming sales orders for account-based profitability analysis?
- A. Line items with technical numbers/ deletion possible
- B. Standard journal entries
- C. Line items with technical numbers/ no deletion possible
- D. Journal entries for valuation differences
Answer: C
NEW QUESTION # 47
Which object acts as a data source for Cash Management (Cash Flow Analyzer) in SAP S/4HANA?
- A. Payment terms
- B. Payment methods
- C. Record types
- D. Memo records
Answer: B
NEW QUESTION # 48
Which data is converted during an SAP S/4HANA standard conversion?
- A. All company codes for the years you specify
- B. Only company codes and years selected in the customizing for migration
- C. All company codes with all data of all years
- D. Only company codes selected in the customizing for migration for all the years
Answer: C
NEW QUESTION # 49
What does the Parallel Accounting Using G/L Accounts indicator in ledger configuration allow you to do?
- A. Assign 2 or more accounting principles to the leading ledger
- B. Assign 2 or more ledgers to 1 accounting principle
- C. Assign 2 or more accounting principles to the non-leading ledger
- D. Assign 2 or more accounting principles to 1 valuation area
Answer: A
NEW QUESTION # 50
In your SAP S/4HANA system, you use the accounts approach for parallel valuation and report financial values for three separate accounting principles. You post an acquisition for an asset that is capitalized in a single accounting principle.
If you use the application for posting integrated asset acquisitions, how many documents will the system post?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: D
Explanation:
Asset Accounting Configuration in SAP S/4HANA
NEW QUESTION # 51
You maintain a launchpad for users who are assigned to the Z_MANACC role. What do you need to do to make an app available for the users?
- A. Add the app to a group that is assigned to the Z_MANACC role
- B. Assign the app directly to the Z_MANACC role and add the app to a group.
- C. Assign the app directly to the Z_MANACC role and add the app to a catalog.
- D. Add the app to a catalog that is assigned to the Z_MANACC role.
Answer: D
NEW QUESTION # 52
Which ledger-specific configuration can you maintain at company code level? Note: There are 2 correct answers to this question.
- A. The valuation view for the extension ledger
- B. The financial statement version for both types of ledgers
- C. The posting period variant for the extension ledger
- D. The fiscal year variant for the standard ledger
Answer: C,D
NEW QUESTION # 53
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. Select an underlying ledger for the extension ledger.
- D. Assign a fiscal year variant to the extension ledger.
Answer: A,C
Explanation:
Financial Accounting Configuration in SAP S/4HANA
NEW QUESTION # 54
What system configuration in your customer's current SAP ERP system will have a major effect on the duration and complexity of a system conversion to SAP S/4HANA?
- A. The system uses costing based CO-PA.
- B. The customer does NOT use business partners to manage customers and suppliers.
- C. The customer uses the accounts approach for parallel accounting.
- D. The system uses classic asset accounting to manage fixed assets.
Answer: D
Explanation:
System Preparation and Configuration for Conversion of Financials in SAP S/4HANA
NEW QUESTION # 55
Your customer has an SAP ERP system with classic G/L accounting and wants to convert directly to SAP S/4HANA as soon as possible during the current fiscal year via standard conversion. Which limitations apply in SAP S/4HANA? Note: There are 3 correct answers to this question.
- A. You must continue to use Special Purpose Ledger for preparation for consolidation.
- B. You must define valuation areas for foreign currency valuation.
- C. You must use the accounts approach to parallel valuation.
- D. You cannot configure and activate document splitting during conversion.
- E. You must configure profit center and segment accounting.
Answer: A,D,E
NEW QUESTION # 56
What setting must be identical between the company code and controlling area?
- A. The fiscal year variant key
- B. The currency and valuation profile
- C. The posting period variant key
- D. The group chart of account
Answer: A
Explanation:
Management Accounting Configuration in SAP S/4HANA
NEW QUESTION # 57
Which of the following components are obsolete and require migration activities during a standard conversion to SAP S/4HANA? Note: There are 3 correct answers to this question.
- A. Cash Management
- B. Costing-based CO-PA
- C. Accrual Engine
- D. Classic Credit Management
- E. Special Purpose Ledger
Answer: C
NEW QUESTION # 58
What are some features of actual costing in SAP S/4HANA? Note: There are 2 correct answers to this question.
- A. Selection of activity prices of other CO-versions in the standard run
- B. Combined run for both standard and alternative valuations
- C. Simplified data structure with new table structure
- D. Reduced number of steps in the calculation cockpit
Answer: C,D
Explanation:
Management Accounting Configuration in SAP S/4HANA
NEW QUESTION # 59
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 accounting principle
- C. An alternative depreciation area
- D. A ledger account determination key
Answer: B,C
NEW QUESTION # 60
In which cases can you use a transfer price for goods movement in parallel valuation? Note: There are 2 correct answers to this question.
- A. Between two storage locations
- B. Between two company codes
- C. Between two accounting principles
- D. Between two profit centers
Answer: B,D
NEW QUESTION # 61
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. Close all fiscal years except the current one.
- B. Assign accounting principles to all depreciation areas.
- C. Activate enterprise extension EA-FIN.
- D. Define a technical clearing account for integrated acquisitions.
- E. Define depreciation areas for all currency types.
Answer: A,C,E
Explanation:
System Preparation and Configuration for Conversion of Financials in SAP S/4HANA
NEW QUESTION # 62
In Controlling, what is a mandatory customizing step when converting a system to SAP S/4HANA?
- A. Create document type for CO postings.
- B. Configure accounts for COGS split.
- C. Activate attributed profitability analysis
- D. Migrate the material ledger.
Answer: C
NEW QUESTION # 63
You carry forward balances for your company code and leading ledger to the new fiscal year 2022 and you get an error message related to asset accounting. What single action can resolve the error?
- A. Post revaluation and new valuation (transaction AR29N) forfiscal year 2021.
- B. Post all depreciation (transaction AFAB) for the fiscal year 2021
- C. Run "Calculate Depreciation" (transaction AFAR) forfiscal year 2022.
- D. Run the fiscal year change (transaction FAA_CMP) to close fiscal year 2020.
Answer: D
NEW QUESTION # 64
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 # 65
What are some features of actual costing in SAP S/4HANA?Note: There are 2 correct answers to this question
- A. Selection of activity prices of other CO-versions in the standard run
- B. Combined run for both standard and alternative valuations
- C. Simplified data structure with new table structure
- D. Reduced number of steps in the calculation cockpit
Answer: D
NEW QUESTION # 66
What are some SAP recommended guiding principles to achieve clean core operations? Note: There are
3 correct answers to this question.
- A. Establish release management.
- B. Establish regular housekeeping tasks and procedures.
- C. Define roles and responsibilities as part of a process transformation office.
- D. Establish an organizational structure, technical foundation, and transformation methodology for clean core.
- E. Integrate clean core practices in the end-to-end value process chain.
Answer: A,C,E
Explanation:
Managing Clean Core
NEW QUESTION # 67
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