SAP Certified Professional - SAP S/4HANA Cloud Private Edition, Financials for SAP ERP

QUESTION NO: 1
Which object acts as a data source for Cash Management (Cash Flow Analyzer) in SAP S/4HANA?

A. Memo records B. Record types C. Payment methods D. Payment terms

Correct Answer: C

QUESTION NO: 2
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.

A. It must be assigned to an underlying ledger. B. It will generate additional line items in ACDOCA for non-ledger-specific postings. C. If asset accounting is used, a depreciation area must be assigned. D. It is always active on the system level for all company codes.

Correct Answer: B,C

QUESTION NO: 3
Which transactions generate a prima nota entry in the system in addition to the universal journal entry? Note: There are 2 correct answers to this question

A. Assessment cycle of cost centers (KSU5) B. Settlement of internal order (K088) C. Post time sheet data to Controlling (CAT7) D. Post FI supplier invoice (FB60)

Correct Answer: C,D

QUESTION NO: 4
You carry forward balances for your company code and leading ledger to the new fiscal year 2022 and you get an error message related to asset accounting. What single action can resolve the error?

A. Post revaluation and new valuation (transaction AR29N) forfiscal year 2021. B. Post all depreciation (transaction AFAB) for the fiscal year 2021 C. Run the fiscal year change (transaction FAA_CMP) to close fiscal year 2020. D. Run "Calculate Depreciation" (transaction AFAR) forfiscal year 2022.

Correct Answer: C

QUESTION NO: 5
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.

A. It is used as inventory account (BSX) in the material account assignment. B. It is used as WIP account from price differences in the material account assignment C. It is used as special reserve balance account in fixed asset accounting. D. It is used as balance sheet account for APC costsin fixed asset accounting.

Correct Answer: B,D

QUESTION NO: 6
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?

A. Document splitting inheritance B. Document splitting default account assignment C. Passive document splitting D. Active document splitting

Correct Answer: D

QUESTION NO: 7
Which technologies help you decrease data volume in the SAP HANA database?Note: There are 2 correct answers to this question.

A. Archiving B. Storing C. Indexing D. Aging

Correct Answer: A,D

QUESTION NO: 8
You want to configure an extension ledger. Which steps do you need to take? Note: There are 2 correct answers to this question.

A. Select an underlying ledger for the extension ledger. B. Assign a fiscal year variant to the extension ledger C. Specify allowed currency types for the extension ledger D. Specify the document type for the extension ledger.

Correct Answer: A,D

SAP Certified Professional - SAP S/4HANA Cloud Private Edition, Financials for SAP ERP - P-S4FIN-2023 Exam Questions