[Dec-2024] SAP P_S4FIN_2023 Exam Practice Test Questions - Test4Engine [Q22-Q36]

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December 16, 2024

[Dec-2024] SAP P_S4FIN_2023 Exam Practice Test Questions – Test4Engine [Q22-Q36]

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[Dec-2024] SAP P_S4FIN_2023 Exam Practice Test Questions – Test4Engine

Updated Certification Exam P_S4FIN_2023 Dumps – Practice Test Questions

SAP P_S4FIN_2023 Exam Syllabus Topics:

Topic	Details
Topic 1	Basics of SAP HANA, SAP S 4HANA and SAP Fiori: A brief overview of the SAP HANA Architecture, the S 4HANA solution, deployment, and the UI strategy with SAP Fiori are included here.
Topic 2	Conversion and Post-conversion Activities for Financials in SAP S 4HANA: Views, master data, transaction conversion, balance conversion, and post-conversion activities are covered here, detailing the steps to transform and adjust financial data.
Topic 3	Asset Accounting Configuration in SAP S 4HANA: Features, types, configuration, posting logic, day-to-day activities, and period-end closing of New Asset Accounting are sub-topics.
Topic 4	Financial Accounting Configuration in SAP S 4HANA: The new master data model, ledger enhancements, document splitting, posting processes, closing operations, and integration are covered in this topic.
Topic 5	Management Accounting Configuration in SAP S 4HANA: This topic encompasses Management Accounting integration, Material Ledger, Profitability Analysis, planning budgeting processes, and providing insights into configuring Management Accounting effectively.

NEW QUESTION 22
You are a consultant on an SAP S/4HANA Cloud brownfield project. Several mission critical business processes have been successfully remodeled in accordance with clean core principles. You must now create the necessary workflows.Which of the following SAP Signavio solutions can be used to create the workflows?

SAP Signavio Process Insights

SAP Signavio Process Intelligence

SAP Signavio Process Governance

SAP Signavio Process Manager

Managing Clean Core

NEW QUESTION 23
What system configuration in your customer’s current SAP ERP system will have a major effect on the duration and complexity of a system conversion to SAP S/4HANA?

The system uses classic asset accounting to manage fixed assets.

The customer uses the accounts approach for parallel accounting.

The system uses costing based CO-PA.

The customer does NOT use business partners to manage customers and suppliers.

System Preparation and Configuration for Conversion of Financials in SAP S/4HANA

NEW QUESTION 24
What is the maximum number of custom currency types that you can report on for a ledger?

Financial Accounting Configuration in SAP S/4HANA

NEW QUESTION 25
Which checks can you run directly in an SAP ECC system to support the planning of a standard SAP S/4HANA conversion project? Note: There are 3 correct answers to this question.

SAP Readiness Check

Global Performance Analysis

Custom Code Check

Authority Check

Simplification Item-Check

System Preparation and Configuration for Conversion of Financials in SAP S/4HANA

NEW QUESTION 26
You carry forward balances for your company code and leading ledger to the new fiscal year 2022 and you get an error message related to asset accounting. What single action can resolve the error?

Post revaluation and new valuation (transaction AR29N) forfiscal year 2021.

Run the fiscal year change (transaction FAA_CMP) to close fiscal year 2020.

Run “Calculate Depreciation” (transaction AFAR) forfiscal year 2022.

Post all depreciation (transaction AFAB) for the fiscal year 2021

NEW QUESTION 27
Which transactions generate a prima nota entry in the system in addition to the universal journal entry? Note: There are 2 correct answers to this question

Post time sheet data to Controlling (CAT7)

Post FI supplier invoice (FB60)

Settlement of internal order (K088)

Assessment cycle of cost centers (KSU5)

NEW QUESTION 28
You notice alpha-numeric document numbers in the universal journal, that do not have a corresponding document header stored in the BKPF table.
Which activities may lead to alpha-numeric document numbers? Note: There are 2 correct answers to this question.

Cross company code postings

Customer invoice posted via interface

Balance carry forward

Corrections due to migration

Architecture Overview of Financials in SAP S/4HANA

NEW QUESTION 29
Which reports are included with SAP S/4HANA, embedded analytics? Note: There are 2 correct answers to this question.

Analytical List Page reports

Multidimensional reports

SAP Lumira reports

SAP Analysis for Microsoft Office reports

NEW QUESTION 30
In a first step, you create an account with account type “secondary cost element” and cost element category “42” in controlling area A000 and company co 1010.
In a second step, you change this account to cost element category “43” in company code 1750, which is assigned to the same controlling area.
What is the effect in the system when you save this account?

The cost element category in the account is changed for both company codes.

The cost element category is different in the two company codes.

The cost element category in the account is changed back to “42” for company code 1750.

The system brings up an error message and rejects the change.

Management Accounting Configuration in SAP S/4HANA

NEW QUESTION 31
You want to sell products from stock. What do you need to maintain before you can analyze the cost of goods sold (COGS) subdivided by cost components in account-based CO-PA? Note: There are 2 correct answers to this question

A cost splitting profile in general ledger accounting

A settlement profile to control the settlement of cost portions

A collection of primary cost elements to receive the cost portions

An extension ledger with type “Line items with technical numbers”

NEW QUESTION 32
What can you do with SAP S/4HANA Accrual Management?

Post and analyze accruals in all currencies defined for the general ledger.

Post planned accrual amounts in table ACDOCP and analyze them in reports.

Automatically calculate accruals for asset acquisitions (direct capitalization) with purchase orders.

Automatically calculate accruals for purchase orders with posted valuated goods receipt.

Financial Accounting Configuration in SAP S/4HANA

NEW QUESTION 33
What are the consequences in an SAP ERP system when activating the business function EA-FIN to support conversion to SAP S/4HANA?

New depreciation engine is used.

New asset accounting is activated.

Multiple depreciation areas for foreign currencies can be created.

Settlement of assets under construction per ledger is possible.

Asset Accounting Configuration in SAP S/4HANA

NEW QUESTION 34
In a first step, you create an account with account type “secondary cost element” and cost element category “42” in controlling area A000 and company code 1010.In a second step, you change this account to cost element category “43” in company code 1750, which is assigned to the same controlling are
a. What is the effect in the system when you save this account?

The system brings up an error message and rejectsthe change.

The cost element category is different in the two company codes.

The cost element category in the account is changed back to “42” for company code 1750.

The cost element category in the account is changed for both company codes

NEW QUESTION 35
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?

The table GLTO has been removed but its content has been added to table ACDOCA thanks to a compatibility view.

The table GLTO has been removed and replaced by a compatibility view.

The table GLTO has been compressed and its detailed content has been added to table ACDOCA for fast access.

The table GLTO has been kept but a compatibility view has been generated to read its content.

Architecture Overview of Financials in SAP S/4HANA

NEW QUESTION 36
Your customer wants to maintain the current customer and supplier account numbers even after migrating to business partners. The customer also wants to ensure the account numbers continue to be aligned after the conversion .What settings must be made to ensure this? Note: There are 2 correct answers to this question

Use internal number ranges in the customer and supplier account groups after the conversion

Use internal number ranges in the BP groupings after the conversion

Use external number ranges in the customer and supplier account groups for the conversion.

Use external number ranges in the BP groupings for the conversion.

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