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SAP P_S4FIN_2020 SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts Exam Practice Test

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

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Question 1

Which modules read and write line items of the universal journal (ACDOCA)? There are 2 correct answers to this question

Options:

A.

Account based Profitability-Analysis

B.

Actual costing

C.

Costing-based profitability analysis

D.

Cash Management

Question 2

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.

Options:

A.

Selective data transition

B.

System conversion (Brownfield)

C.

Central Finance

D.

New Implementation (greenfield)

Question 3

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

Options:

A.

All errors related to the close years can be ignored

B.

Errors must be clarified and uncritical errors must be ignored

C.

All errors must be corrected during migration to complete it

D.

Critical errors must be resolver in the production system before Go-live

Question 4

What is an advantage of selecting the multi-tenant edition of SAP S/4HANA Cloud instead of an On-premise SAP S/4HANA solution?

Options:

A.

Faster innovation cycles

B.

Fuller integration to external systems

C.

Cloud platform compatibility

D.

Support for all industries

Question 5

Which checks can you run directly in an SAP ECC system to support the planning of a standard SAP S/4HANA conversion. NOTE: There are 3 correct answers to this question.

Options:

A.

Authority check

B.

Custom code check

C.

Simplification item check

D.

SAP readiness check

E.

Global performance analysis

Question 6

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?

Options:

A.

Define two valuation methods and assign the accounting principles to the new valuation method

B.

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

C.

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

D.

Define a valuation area and extension ledger to link with the new valuation area

Question 7

In your company code, you report on profit centre and segment level. You post a single invoice. What document splitting process does the system use to assign the correct profit centres and

Options:

A.

Document splitting inheritance

B.

Default account assignment

C.

Active document splitting

D.

Passive document splitting

Question 8

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

Options:

A.

13

B.

27

C.

23

D.

17

Question 9

Which type of extension ledger do you set up to record incoming sales orders for account based profitability analysis?

Options:

A.

Extension

B.

Simulation

C.

Prediction and commitments

D.

Valuation

Question 10

What are the key components of the intelligent enterprise by SAP? There are 3 correct answers to this question

Options:

A.

Intelligent Suite

B.

Digital Platform

C.

Seamless integration

D.

Hybrid cloud

E.

Intelligent Technologies

Question 11

What data for asset accounting is stored in the universal journal?

Options:

A.

Planned depreciations and revaluations of all depreciation areas that are set to post to the G/L

B.

Acquisition and production cost values of all depreciation areas that are defined as real depreciation areas.

C.

Acquisition and production cost values of all depreciation areas that are assigned to an accounting principle.

D.

Actual depreciation of all depreciation area that are set to post depreciation periodically

Question 12

What can you do with SAP S/4HANA accrual management?

Options:

A.

Post planned accrual amounts in table ACDOCP and analyse them in reports

B.

Carry forward accruals to future years independent of the other ledger values

C.

Automatically calculate accruals for asset acquisitions with purchase orders

D.

Post and analyse accruals in all currencies defined for the general ledger