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

Question 1

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. Cloud platform compatibility

B. Faster innovation cycles

C. Fuller integration to external systems

D. Support for all industries

Correct Answer: B

Question 2

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 company codes

B. Between two plants

C. Between two accounting principles

D. Between two profit centres

Correct Answer: A,D

Question 3

A customer wants to analyze a G/L account, which is presenting asset acquisition value, on an investment order. What do you maintain in the G/L account master record to achieve this? There are 2 correct answers to this question

A. Select the Record Account Assignment indicator

B. Define the G/L account as an asset reconciliation account

C. Enter value 90in the cost element category field

D. Set the G/L account type to Non-operating Expenses or income

Correct Answer: A,B

Question 4

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.

A. Custom code check

B. Global performance analysis

C. SAP readiness check

D. Simplification item check

E. Authority check

Correct Answer: A,B,D

Question 5

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

A. Mirroring

B. Archiving

C. Indexing

D. Aging

Correct Answer: B,D

Question 6

You carry forward balances for your company code and leading ledger to the new fiscal year 2021 and year What could resolve the error?

A. Run "calculate depreciation" (transition AFAR) for fiscal year 2021

B. Post revaluation and new valuation (transition AR29N) for fiscal year 2020

C. Post all depreciation (transaction AFAB) for the fiscal year 2020

D. Run the fiscal year change (transition FAA_CMP) to close fiscal year 2019

Correct Answer: D

Question 7

Your customer has created a custom ABAP report in an SAP ERP system based on totals table GLTO. How is this totals table treated in SAP S/4HANA to safeguard custom ABAP reporting programs?

A. The entries of the table are converted into column store

B. The table is treated as a transient provider using BW query functionality

C. The balances of the table are posted as additional line items in the universal journal.

D. The content of the table is deleted and compatibility view is generated

Correct Answer: D

Question 8

You post a payment to a supplier invoice. In the universal journal table, you see more line items are created than were visible in the document entry view. Which configuration may have caused the additional line items? There are 2 correct answer to this question.

A. An additional accounting principle

B. Zero balance Indicator for profit center

C. A non-leading ledger

D. An extension ledger

Correct Answer: A,D

Question 9

You want to set up a multi-level gross margin report in profitability analysis (CO-PA). What do you customize to reopen the fixed and variable values separately? 2 correct questions

A. Account-based CO-PA: no specific customizing is necessary

B. Account-based CO-PA:assign different accounts(assignment of different accounts is necessary)

C. Costing-based CO-PA: assign different value fields (assignment of different value fields in necessary)

D. Costing-based CO-PA: no specific customizing is necessary

Correct Answer: B,C

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