SAP P_S4FIN_2023 Exam Practice Test Instant Access

Question 1

In your system, you are creating a new company code that requires an additional standard ledger.Which statements apply to a standard ledger?Note: There are 2 correct answers to this question.

AIt must be assigned to an underlying ledger.

BIt will generate additional line items in ACDOCA for non-ledger-specific postings.

CIt is always active on the system level for all company codes.

DIf asset accounting is used, a depreciation area must be assigned.

Answer : B, D

Question 2

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

B10

C12

Answer : B

Question 3

Which type of extension ledger do you set up to record incoming sales orders for account-based profitability analysis?

ALine items with technical numbers/ no deletion possible

BStandard journal entries

CJournal entries for valuation differences

DLine items with technical numbers/ deletion possible

Answer : A

Question 4

Which of the following components are obsolete and require migration activities during a standard conversion to SAP S/4HANA?Note: There are 3 correct answersto this question.

AClassic Credit Management

BCash Management

CAccrual Engine

DSpecial Purpose Ledger

ECosting-based CO-PA

Answer : A, D, E

Question 5

What setting must be identical between the company code and controlling area?

AThe valuation variant key

BThe posting period variant key

CThe number of posting and special periods

DThe fiscal year variant key

Answer : D

Question 6

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.

ACritical errors must be resolved in the production system before Go Live.

BAll errors related to closed years can be ignored.

CErrors must be clarified, and uncritical errors can be accepted

DAll errors must be corrected before SUM (Software Update Manager)starts.

Answer : A, D

Question 7

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

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