SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Financials Experts (P_S4FIN_1709) Free Practice Test

Question 1

Your customer upgraded a system to SAP S/4HANA for test reasons. You receive feedback from the business department that while opening and closing posting periods, the systems asks for a customizing request.
What is the reason?
Please choose the correct answer.
Response:

A. The authorization to save the posting periods is missing.

B. This is a new feature in SAP S/4HANA as proof of change.

C. The client role is set to test in the client maintenance.

D. The migration is NOT set to complete.

Correct Answer: C

Question 2

If a customer decides to deploy SAP S/4HANA Cloud instead of SAP S/4HANA on premise, what distinct benefits will the customer gain?
Note: There are 3 correct answers to this question.
Response:

A. Faster initial implementation

B. Automatic updates every 3 months

C. Personalization through self-service configuration

D. Higher degree of customization

E. Seamless adoption of the existing processes

Correct Answer: A,B,E

Question 3

Your customer creates full balance sheets on profit center level. You transfer costs between cost centers within the company code and the profit center changes. Which accounts are displayed in the G/L view?
Response:

A. G/L account defined in real-time-integration CO-Fl
Original cost account

B. G/L account defined in real-time-integration CO-Fl
Zero-balance clearing account

C. Original cost account
Zero-balance clearing account

D. G/L account defined in reconciliation ledger
Zero-balance clearing account

Correct Answer: C

Question 4

Your customer uses SAP ERP on any database with EHP 8, classic G/L with accounts approach, and more than 10 years' worth of data. What can you do in separate projects before the SAP S/4HANA conversion to reduce the complexity of your conversion project?
Note: There are 2 correct answers to this question.
Response:

A. Implement an archiving project.

B. Adopt new Asset Accounting.

C. Create a backup.

D. Launch customer-vendor integration for the business partner.

Correct Answer: A,C

Question 5

You want to post intercompany asset transfer only for IFRS. Which objects can you specify in the transfer posting to achieve this?
Note: There are 2 correct answers to this question.
Response:

A. Transaction type

B. Ledger group

C. Accounting principle

D. Depreciation area

Correct Answer: B,C

Question 6

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 7

You extend the coding block in the universal journal with a custom field. Which components can use this new field without requiring further customization?
Note: There are 2 correct answers to this question.
Response:

A. Account-based CO-PA

B. General ledger accounting

C. Costing-based CO-PA

D. Classic profit center accounting.

Correct Answer: B,C

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SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Financials Experts (P_S4FIN_1709) Free Practice Test