SAP Certified Application Professional - Financials in SAP S/4HANA 1610 for SAP ERP Finance Experts (P-S4FIN-1610) Free Practice Test

Question 1

Which actions will dose a dispute case created for a short payment?
Note: There are 2 correct answers to this question.
Response:

A. Running the auto-confirm dispute case program.

B. Receiving a payment for the open amount.

C. Posting a credit memo for only cash discount amount.

D. Running the automatic write-off program.

Correct Answer: B,D

Question 2

Why is it necessary to migrate balances for FI and CO?
Please choose the correct answer.
Response:

A. Because all balances from the past years are stored in the universal journal

B. Because the system displays an error if the sum of aggregated line items differs from the balance

C. Because the system posts FI/CO documents for all missing line items by comparing them to the balance of the account

D. Because a delta between all line items and the balance of every account will be updated in the universal journal

Correct Answer: D

Question 3

How does the Near-Zero Downtime method minimize the downtime of the productive SAP system during migration?
Response:

A. Optimized data compression is used to minimize the data volume.

B. The data from previous years is archived.

C. A clone of the productive system is used.

D. SQL database commands are used to accelerate the migration

Correct Answer: C

Question 4

You perform an SAP S/4HANA migration. Some of the company codes were NOT used for years and the data posted to these company codes is no longer legally equied.
How do you handle these company codes?
Response:

A. Migrate all company codes of the client.

B. Archive all data from unused company codes.

C. Migrate all company codes you selected in customizing.

D. Migrate all company codes flagged as productive.

Correct Answer: A

Question 5

What are the benefits of the new depreciation posting run in Asset Accounting?
Note: There are 2 correct answers to this question.
Response:

A. The posting run can be performed even if there are errors on individual assets.

B. You can select a single target ledger group for an accounting principle.

C. The online test run can be performed without any master data restrictions.

D. You NO longer need to select reasons for the posting run.

Correct Answer: A,D

Question 6

Cost of goods sold (COGS) split functionality is available in account-based CO-PA.
Which settings are necessary?
Note: There are 2 correct answers to this question.
Response:

A. Operating concern currency must be determined.

B. Characteristic values and characteristic groups must be maintained

C. Cost elements must be mapped to cost components

D. The corresponding cost elements must exist in the chart of accounts.

Correct Answer: C,D

Question 7

What credit management organizational element is required for calculating the credit limit, and enables you to carry out detailed checks at business Response:

A. Credit control area

B. Credit segment

C. Company code

D. Sales area

Correct Answer: A

Question 8

Which of the following roles are delivered as business partner roles?
Note: There are 3 correct answers to this question
Response:

A. Banks

B. Distribution channels

C. Suppliers

D. Employees

E. Bank accounts

Correct Answer: A,C,D

Question 9

Your system currently does NOT use business partners (BP). The master data for suppliers and vendors and the defined account groups are NOT connected and are handled by separate departments.
When preparing for integration, what do you have to create?
Response:

A. Create a BP grouping for each customer and vendor account group.

B. Create a BP role for each customer and vendor account group.

C. Create a BP type for each industry category in the customer/vendor accounts.

D. Create a BP category for each legal form maintained for customers/vendors.

Correct Answer: A

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SAP Certified Application Professional - Financials in SAP S/4HANA 1610 for SAP ERP Finance Experts (P-S4FIN-1610) Free Practice Test