Free SAP Certified Professional – SAP S/4HANA Cloud Private Edition, Financials for SAP ERP Exam P_S4FIN_2023 Exam Practice Test

You select the configuration option Set Migration to Completed in the Conversion of Accounting to SAP S/4HAN

• What does this mean? Note: There are 3 correct answers to this question
• Customizing is consistent.
• All error messages have been accepted.
• Customer Vendor Integration can start.
• All views are generated successfully.
• Only critical error messages have been accepted.

You run foreign currency valuation for both local and international GAAP. This leads to different values for the two different accounting principles. How can you set this up in the system?

• Define two valuation methods and assign the accounting principles to the new valuation methods
• Define a valuation area and an accounting principle with relevant links to ledgers.
• Define two valuation areas and two accounting principles with relevant links to ledgers.
• Define a valuation area and ledger group for two ledgers to link with the new valuation area

On what level can you assign a fiscal year variant to a company code?

• Ledger group, for standard ledger type
• Ledger, for any type of ledger
• Ledger, forstandard ledger type
• Ledger group, for any type of ledger

Before conversion to SAP S/4HANA, which activities must be completed in the SAP ERP system for Asset Accounting? Note: There are 3 correct answers to this question.

• Define depreciation areas for all currency types.
• Activate enterprise extension EA-FIN.
• Define a technical clearing account for integrated acquisitions
• Assign accounting principles to all depreciation areas
• Close all fiscal years except the current one.

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

• The table GLTO has been removed and replaced by a compatibility view.
• The table GLTO has been removed but its content has been added to table ACDOCA thanks to accompatibility view.
• The table GLTO has been kept but a compatibility view has been generated to read its content.
• The table GLTO has been archived but its content has been added to table ACDOCA thanks to a compatibility view.

Which values are stored in the universal journal (ACDOCA)?Note: There are 2 correct answers to this question.

• Transfer prices
• Actual costing results
• Parallel currencies
• Elimination of intercompany postings

You post an asset acquisition with a purchase order. How is the asset acquisition value posted?

• Valuated acquisition is posted at settlement
• Valuated acquisition is posted at invoice receipt.
• Non-valuated acquisition is posted at invoice receipt.
• Non-valuated acquisition is posted at goods receipt-

In your SAP S/4HANA system, you use the accounts approach for parallel valuation and report financial values for three separate accounting principles. You post an acquisition for an asset that is capitalized in a single accounting principle. If you use the application for posting integrated asset acquisitions, how many documents will the system post?

• 4
• 3
• 1
• 2

A fixed asset is to be posted in the new fiscal year. Which closing activity must be carried out for this?

• Depreciation for the new year must be recalculated (transaction AFAR).
• All depreciation (transaction AFAB) up to that point must be posted.
• Fiscal year change program must have been executed (transaction FAA_CMP).
• All APC values must have been posted using report "Periodic Asset Postings".

What restrictions apply when a new currency is introduced for productive company codes and ledgers? Note: There are 2 correct answers to this question.

• Reconciliation for entities in asset accounting is NOT included.
• Archived data CANNOT be enriched with the new currency.
• New currency fields are NOT updated for existing data.
• Calculated values are NOT added to the ACDOCA.