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P_S4FIN_2021 Questions and Answers

Question # 6

Which object do you enter in controlling transactions to update a specific valuation in the universal journal?

A.

Ledger group

B.

Valuation area

C.

Ledger

D.

Accounting principle

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Question # 7

Your customer uses classic G/L and asks for possibilities to implement new functionalities. What functionality can be activated during the conversion?

A.

transfer prices

B.

Additional FI Currency

C.

Account-based CO-PA

D.

Document Splitting

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Question # 8

In which cases can you use a transfer price for goods movement in parallel valuation? There are 2 correct answers to this question.

A.

Between two profit centres

B.

Between two accounting principles

C.

Between two plants

D.

Between two company codes

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Question # 9

Which values can be posted to a specific ledger? There are 3 correct answer to this question.

A.

Depreciation

B.

Taxes

C.

Payments

D.

Accruals

E.

Currency valuation

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Question # 10

Which technologies help you decrease data volume in the SAP HANA database? There are 2 correct answer to this question.

A.

Indexing

B.

Mirroring

C.

Archiving

D.

Aging

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Question # 11

On what level can you assign a fiscal year variant to a company code?

A.

Valuation area

B.

Depreciation area

C.

Ledger

D.

Accounting principle

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Question # 12

What customizing option is available during the conversion project of an SAP ERP system with classic G/L to SAP S/4HANA 1809?

A.

Implement a new currency type

B.

Add an extension ledger.

C.

Introduce document splitting

D.

Replace the accounts approach with the ledger approach

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Question # 13

In which of the possible scenarios can you indicate that an account is also a statistical cost elements? There are 2 correct answer to this question.

A.

It is used as balance sheet account in fixed asset accounting

B.

It is used a work in progress (WIP) inventory account in the material account assignment

C.

It is used as special reserve balance account in fixed asset accounting

D.

It is used as inventory account in the material account assignment

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Question # 14

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

A.

The number of special periods

B.

The number of postings and special periods

C.

The fiscal year variant key

D.

The number of posting periods

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Question # 15

You want to configure an extension ledger. Which steps do you need to take? 2 correct answers

A.

Select an underlying ledger for the Extension Ledger

B.

Assign a Fiscal Year variant to the Extension Ledger

C.

Specify the document types for the Extension Ledger

D.

Specify currency types for the Extension Ledger

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Question # 16

What must you create before you can record commitments in the universal journal?

A.

Non-leading standard ledger

B.

Mapping for condition types

C.

Extension ledger

D.

CO version

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Question # 17

What is required to enable the payment approval process in cash operations? There are 3 correct answers to this question.

A.

Create rule to require signature

B.

Create scenario without approval

C.

Define a grouping method for the rule you defined

D.

Create a rule for approvals

E.

Define signature methods for approvals

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Question # 18

A document can have up to 999999 line items in the universal journal (reposing or G/L view). How does this affect the entry view (table BSEG)?

A.

The system splits the single entry into multiple documents as required

B.

It is extended to 999999 line items

C.

The entry view is also based on the universal journal

D.

It is limited to 999 items

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Question # 19

Which transaction types can be restricted to depreciation areas in new Asset Accounting? Note: There are 2 correct answers to this question.

A.

Transfers

B.

Revaluation and new valuation

C.

Investment support

D.

Retirements

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Question # 20

What do you configure to enable the automatic creation of a vendor when you create a business partner? There are 2 correct answers to this question

A.

The partner functions for vendors

B.

The Business partner grouping key

C.

The customer/vendor integration interface

D.

The incoterms for vendors

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Question # 21

What are some features of actual costing in SAP S/4 HANA? There are 2 correct answer to this question

A.

Simplified data structure with new table structure

B.

Possibility of post-closing in the alternative valuation run (AVR)

C.

Selection of activity prices of other CO-versions in the standard run

D.

Reduced number of steps in the calculation cockpit

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Question # 22

What can you do with asset accounting in SAP S/4HANA Finance? There are 3 correct answer to this question.

A.

Assign separate settlement rules for depreciation areas.

B.

Complete periodic acquisition and production cost adjustments postings

C.

Post revenue for retirements by acquisition and production cost

D.

Simultaneously post separate values by depreciation area.

E.

Define transaction types by depreciation area

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Question # 23

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

A.

Intelligent Suite

B.

Digital Platform

C.

Seamless integration

D.

Hybrid cloud

E.

Intelligent Technologies

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Question # 24

You want to refine the settings for splitting variance categories into G/L accounts in an SAP S/4HANA 1809 system with account-based CO-PA. Which prerequisites must be met? Note: There are 2 correct answers to this question.

A.

You have set up accounts for transaction key BSX and GBB in the MM account determination.

B.

You have executed the variance calculation in CO-PC.

C.

You have defined a settlement profile that allows the settlement of variances for your order type

D.

You have defined a PA transfer structure for settlement.

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Question # 25

The customers and suppliers balances of the previous year are carried forward to the new year, but you did NOT run the SAPF010 program (Carry Forward Receivables/Payables) manually in accounts receivable or accounts payable. How was the customer and supplier balance carried forward? Please choose the correct answer.

A.

L3 Because balance carryforward was performed for the leading ledger in general ledger

B.

Because balance carryforward was performed automatically due to postings to the subledgers in the new year

C.

Because balance carryforward was performed automatically when closing the previous year

D.

Because balance carryforward was carried out by the Reconcile Universal Journal Entry transaction since the reconciliation displayed NO error

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Question # 26

What do you manage within cash operations of SAP Cash Management? Note: There are 2 correct answers to this question.

A.

Bank risk analysis and risk mitigation

B.

Credit limits for customer accounts

C.

Daily cash position, deficits, and surpluses

D.

Hedging and hedging contracts

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Question # 27

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

A.

Faster innovation cycles

B.

Fuller integration to external systems

C.

Cloud platform compatibility

D.

Support for all industries

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