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

In your company code, you report on profit center and segment level. You post a single invoice document for office supplies that has multiple expense line items per profit center. What document splitting process does the system use to assign the correct profit centers and segments to the bank account line item when you post a payment for the invoice?

• Document splitting default account assignment
• Active document splitting
• Document splitting inheritance
• Passive document splitting

On which levels can you assign semantic tags to a financial statement version in SAP Fiori?Note: There are 3 correct answers to this question.

• Financial statement item
• Functional area
• Business area
• G/L account
• Segment

Which objects do you need to configure in SAP S/4HANA after a conversion from classic G/L to SAP S/4HANA? Note: There are 2 correct answers to this question.

• Currency type
• Accounting principle
• Document type
• Valuation area

What SAP S/4HANA deployment option will cause the least business disruption for the average SAP end user?

• Central finance
• On premise
• Private cloud
• Public cloud

You start your first sandbox migration and get a lot of errors.How are errors handled in an SAP S/4HANA migration? Note: There are 2 correct answersto this question.

• Critical errors must be resolved in the production system before Go Live.
• All errors related to closed years can be ignored.
• Errors must be clarified, and uncritical errors can be accepted
• All errors must be corrected before SUM (Software Update Manager)starts.

For which functionality is a productive material ledger a prerequisite ? Note: There are 2 correct answers to this question.

• Parallel update of the two types of profitability analysis
• Actual costing
• Actual activity price determination
• Parallel valuation for transfer pricing

Which object acts as a data source for Cash Management (Cash Flow Analyzer) in SAP S/4HANA?

• Memo records
• Payment methods
• Record types
• Payment terms

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

• A non-leading ledger
• The summarization in ACDOCA
• An extension ledger
• Zero balance indicator for profit center

Which settings are allowed for open item management for the GR/IR account? Note: There are 2 correct answers to this question.

• Reconciliation account
• Classic open item management
• Extended open item management
• Ledger specific open item management

You activate account-based CO-PA (Profitability Analysis) during migration. How is the system affected? Note: There are 3 correct answers to this question.

• Cost-based CO-PA can still be used in parallel.
• Characteristics will be added to the universal journal.
• Value fields will be added to the universal journal.
• Historical data will be enriched with characteristics by derivation
• Cost component split (COGS) can be configured in financial accounting.