SAP P_S4FIN_2023 Exam Practice Test Instant Access

Question 1

Which processes create an artificial controlling document (document numberstarting with A)?Note: There are 2 correct answers to this question.

ATop down distribution in margin analysis

BFI posting of primary costs to production order

CStock material consumption on project

DInternal activity allocation to sales order

Answer : A, B

Question 2

In which of the possible scenarios can you indicate that an account is also a statistical cost element?Note: There are 2 correct answers to this question.

AIt is used as WIP account from price differences in the material account assignment

BIt is used as balance sheet account for APC costsin fixed asset accounting.

CIt is used as inventory account (BSX) in the material account assignment.

DIt is used as special reserve balance account in fixed asset accounting.

Answer : A, B

Question 3

You run an assessment cycle for cost centers, but no postings are made because the posting period is NOT open. Against which period interval is the check being made?

AFirst interval 3, then interval 2 if interval 3 is not maintained

BFirst interval 3, then intervals 1&2 if interval 3 is not maintained

COnly interval 3, no other intervals checked if interval 3 is not maintained

DFirst interval 3, then interval 1 if interval 3 is not maintained

Answer : C

Question 4

In which cases can you use a transfer price for goods movement in parallel valuation? Note: There are 2 correct answers to this question.

ABetween two accounting principles

BBetween two company codes

CBetween two profit centers

DBetween two storage locations

Answer : B, C

Question 5

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

ALedger group, for standard ledger type

BLedger, for any type of ledger

CLedger, forstandard ledger type

DLedger group, for any type of ledger

Answer : B

Question 6

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?

AThe system does NOT use material ledger for actual costing.

BThe system uses classic asset accounting to manage fixed assets.

CThe customer does NOT use business partners to manage customers and suppliers

DThe customer uses the accounts approach for parallel accounting

Answer : B

Question 7

You want to create a balance sheet and profit & loss statement on segment level. Which steps do you need to take in the system? Note: There are 2 correct answers to this question.

ASet the zero balance indicator.

BDefine a PA transfer structure.

CDefine a clearing account.

DAssign a segment to all G/L accounts

Answer : A, C

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