SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 1909) (P-S4FIN-1909) Free Practice Test

Question 1

Which ledger-specific configuration can you maintain at company code level? There are 2 correct answer to this question.

A. Field status variant

B. Financial statement version

C. Posting period variant

D. Fiscal year variant

Correct Answer: B,C

Question 2

You need to transfer multiple standard cost prices to CO-PA in an SAP S/4HANA system. What do you need to set up?

A. Valuation using material cost estimate in costing-based CO-PA

B. Valuation using material cost estimate in account-based CO-PA

C. The new refinement for cost of goods sold postings in account-based CO-PA

D. Valuation using material cost estimate in costing-based CO-PA and account-based-COPA

Correct Answer: C

Question 3

After the migration to SAP S/4HANA 1809, you notice in the currency configuration of the company code that the global currency has the "Currency Is Only Available In Controlling" indicator. What might be the cause of this?

A. Before the migration, the company code did NOT have any parallel currencies defined.

B. Before the migration, the group currency of the controlling area was defined as a parallel currency in the company code.

C. Before the migration, the company code was NOT linked to a controlling area.

D. The controlling area linked to the company code was defined with currency type 20.

Correct Answer: A,D

Question 4

You need to create a new user-defined characteristic in account based CO-PA and must ensure that is part of the universal journal entry. Which actions do you have to perform? Note: There are 2 correct answers to this question.

A. Create the user-defined characteristic and add it to the operating concern.

B. Maintain the proper derivation rules in transaction KEDR.

C. Activate the CO-PA append structure in ACDOCA.

D. Generate the operating concern.

Correct Answer: A,D

Question 5

Your customer uses the ledger approach to multiple valuation. During conversion to SAP S/4HANA, which configurations will be required? There are 2 correct answer to this question.

A. Define the document type for the accounting-principle-specific-documents.

B. Assign accounting principles to all real and derived depreciation areas.

C. Configure data depreciation areas to no longer post to the general ledger.

D. Convert accounts of parallel valuations to asset reconciliation accounts.

Correct Answer: B,D

Question 6

Which reports are included with SAP S/4HANA, embedded analytics? There are 2 correct answer to this question.

A. Analytical List Page reports

B. Multidimensional reports

C. SAP Lumira reports

D. SAP Analysis for Microsoft Office reports

Correct Answer: A,B

Question 7

Where can you view the cost of goods sold (COGS) postings per cost component in CO-PA? Note: There are 3 correct answers to this question.

A. Standard COGS in account-based CO

B. Actual COGS (based on material ledger) in cost-based CO-PA

C. Actual COGS (based on actual costing) in account-based CO-PA

D. Moving average COGS in account-based CO-PA

E. Standard COGS in cost-based CO-PA

Correct Answer: A,B,E

Question 8

With SAP S/4HANA simplified logistics, which of the following are relevant to the material ledger? Note:
There are 2 correct answers to this question.

A. The migration of material ledger is required when SAP S/4HANA Finance is already used in the legacy system.

B. The material ledger with actual costing requires a periodic costing run to update inventory values.

C. The material ledger uses the currencies defined in both the leading and non-leading ledgers.

D. The migration of material ledger is NOT required if SAP S/4HANA Finance is already used in the legacy system.

Correct Answer: A,B

Question 9

Where do you assign the customer and vendor account groups when preparing for integration with the business partner (BP)? Note: There are 2 correct answers to this question.

A. BP category

B. BP grouping

C. BP role group

D. BP role

Correct Answer: B,D

Question 10

The following ledgers are assigned to your company code in financial accounting. Standard ledgers A and B Extension ledger C with Standard ledger A as. Which ledgers are listed in the universal journal entry line items after you enter an incoming ivocie?

A. Standard ledger B

B. Extension ledger C
Standard ledger B

C. Standard ledger A
Standard ledger B

D. Standard ledger A
Extension ledger C

E. Extension ledger C
Standard ledger A

Correct Answer: C

Question 11

Where can you find the automatic write-off program to close unpaid customer balances?

A. Dispute Management

B. Accounts Receivable

C. Treasury Operations

D. Collections Management

Correct Answer: A

Question 12

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

A. Banks

B. Distribution channels

C. Suppliers

D. Employees

E. Bank accounts

Correct Answer: A,C,D

Question 13

You create a G/L account and set the cost element category to 42 (assessment). In what table is the cost element category updated? Please choose the correct answer.

A. SKA1: G/L Account Master (Chart of Accounts)

B. SKB1: G/L Account Master (Company Code)

C. CSKB: Cost Elements (Data Dependent on Controlling Area)

D. CSKA: Cost Elements (Data Dependent on chart of Accounts)

Correct Answer: C

Question 14

How can financial data be stored in the SAP S/4HANA system tables? Note: There are 2 correct answers to this question.

A. There can be a line item added in BSEG without a corresponding line item in ACDOCA.

B. There can be a line item in ACDOCA without a corresponding line item in BSEG.

C. There can be a line item in ACDOCA without a corresponding line item in BKPF.

D. There can be a line item in BSEG without a corresponding document in BKPF.

Correct Answer: B,C

Question 15

You need to select the Apply Account Assignments Statistically in Fixed Asset Account/Material Account checkbox in a G/L account master record for an assert G/L account, but these field is currently, NOT available.
What could be the reasons for this behavior? Note: There are 2 correct answers to this question.

A. The G/L account is NOT a reconciliation account type for assets.

B. The G/L account is NOT maintained in the account determination of fixed asset accounting.

C. The G/L account is NOT maintained in the account determination for materials management.

D. The G/L account is NOT maintained in the account determination for real-time integration with CO.

Correct Answer: B,C

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SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 1909) (P-S4FIN-1909) Free Practice Test