P-S4FIN-2020 by SAP Actual Free Exam Q&As

Question 1

What does the Parallel Accounting Using G/ L Accounts indicator in ledger configuration allow you to do?

A. Assign 2 ledgers to 1 company code B. Assign 2 or more valuation areas to 1 company code C. Assign 2 or more Accounting principles to 1 Ledger D. Assign 2 or more ledgers to 1 accounting principle

Discussion 0

Correct Answer: C Vote an answer

Question 2

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

A. It is used as special reserve balance account in fixed asset accounting B. It is used a work in progress (WIP) inventory account in the material account assignment C. It is used as balance sheet account in fixed asset accounting D. It is used as inventory account in the material account assignment

Discussion 0

Correct Answer: B,C Vote an answer

Question 3

What SAP Fiori app should be used to leverage the machine learning service for goods and invoice receipt reconciliation?

A. Business Reconciliation Report B. Reconcile GR/IR accounts C. Confirm Receipt of Goods D. Post Goods Receipt for inbound Delivery

Discussion 0

Correct Answer: B Vote an answer

Question 4

In controlling, what is a mandatory customizing step when convening a system to SAP S/4HANA?

A. Define profit center hierarchy. B. Activate account based CO-PA C. Create document type for CO postings D. Migrate the material ledger

Discussion 0

Correct Answer: B Vote an answer

Question 5

In your SAP S/4HANA system, you use the accounts approach for parallel valuation and report financial values for three separates 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?

A. 3 B. 4 C. 2 D. 1

Discussion 0

Correct Answer: C Vote an answer

Question 6

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

A. Central finance B. On Premise C. Cloud single-tenant D. Cloud multi-tenant

Discussion 0

Correct Answer: B Vote an answer

Question 7

You select the configuration option Set Migration to complete in the conversion of Accounting to SAP S/4HANA.
What does this mean?
There are 3 correct answers to this question

A. All views are generated successfully B. Migration for logistics can begin C. The previous year can be reopened D. All error messages have been accepted E. Customizing is consistent

Discussion 0

Correct Answer: A,D,E Vote an answer

Question 8

What is posted at the same time to both account-based and costing-based profitability analysis? There are 2 correct answer to this question

A. Actual cost component splits of goods sold B. Actual revenue C. Incoming sales orders D. Standard cost of goods sold

Discussion 0

Correct Answer: A,B Vote an answer

Question 9

How many digits for the amount field on the financial document line item level are supported in the universal journal?

A. 17 B. 27 C. 23 D. 13

Discussion 0

Correct Answer: C Vote an answer

SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts - P-S4FIN-2020 Exam Practice Test