SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Financials Experts

QUESTION NO: 1
You want to refine the settings for splitting variance categories into G/L accounts in an SAP S/4HANA
1709 system with account-based CO-PA.
Which prerequisites must be met?
Note: There are 2 correct answers to this question.
Response:

A. You have executed the variance calculation in CO-PC. B. You have set up accounts for transaction key BSX and GBB in the MM account determination. C. You have defined a settlement profile that allows the settlement of variances for your order type. D. You have defined a PA transfer structure for settlement.

Correct Answer: A,B

QUESTION NO: 2
How can financial data be stored in the SAP S/4HANA system tables?
Note: There are 2 correct answers to this question.
Response:

A. There can be a line item added in BSEG without a corresponding line item in ACDOCA. B. There can be a line item in ACDOCA without a corresponding line item in BKPF. C. There can be a line item in ACDOCA without a corresponding line item in BSEG. D. There can be a line item in BSEG without a corresponding document in BKPF.

Correct Answer: B,C

QUESTION NO: 3
After the migration to SAP S/4HANA 1610, you notice in the currency configuration of the company code that the global currency has the "Currency Is Only Available In Controlling" indicator.
What might be the cause of this?
Note: There are 2 correct answers to this question.
Response:

A. Before the migration, the company code was NOT linked to a controlling area. B. Before the migration, the group currency of the controlling area was defined as a parallel currency in the company code. C. Before the migration, the company code did NOT have any parallel currencies defined. D. The controlling area linked to the company code was defined with currency type 20.

Correct Answer: C,D

QUESTION NO: 4
A customer is currently running SAP ERP and wants to transition to a new implementation of SAP S/4HANA 1709. Yea are required to provide them with a solution that enable them transition to SAP S/4 HANA Customer specific enhancements.
Which of the following tools will help leverage the transition process?
Response:

A. SAP Readiness check for sap S/4 HANA B. SAP S/4HANA migration cockpit C. Software Update Manager D. SAP Transformation navigator

Correct Answer: C

QUESTION NO: 5
What credit management organizational element is required for calculating the credit limit, and enables you to carry out detailed checks at business Response:

A. Credit control area B. Credit segment C. Company code D. Sales area

Correct Answer: A

QUESTION NO: 6
What can you do when you use Account Basis for cost of goods sold (COGS) split in SAP S/4HANA 1709?
Note: There are 2 correct answers to this question.
Response:

A. Enable COGS split for stock transfers and point-of-sale transactions. B. Enable COGS split for postings made on the source account through internal processes in Financials and Controlling. C. Enable COGS split for sales processes posted to internal orders and projects. D. Enable COGS split on the basis of the main cost component structure and auxiliary cost component structure.

Correct Answer: B,D

QUESTION NO: 7
You are performing a legacy asset data transfer in your SAP S/4HANA system. Your fiscal year end date is December 31.2017 and your asset transfer date is February 26 2018.
Which of the following values do you need to provide during legacy asset transfer?
Note: There are 3 correct answers to this question.
Response:

A. Acquisition and production costs B. Unplanned depredation values C. Revaluation value D. Accumulated depreciation values E. Ordinary depreciation values

Correct Answer: A,C,D

QUESTION NO: 8
What does an administrator need to do in the SAP Fiori Gateway server in order to launch a native SAP Fiori application from the SAP Fiori Launchpad?
Note: There are 2 correct answers to this question.
Response:

A. Activate the SAP Screen Personas flavor for the app. B. Assign the SAP Fiori tile catalog to a role relevant for the user. C. Activate the OData service relevant for the app. D. Assign the SAP Fiori tile group to a role relevant for the user.

Correct Answer: B,C

SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Financials Experts - P-S4FIN-1709 Exam Questions