[Oct-2024] Updated SAP Certified Professional P_S4FIN_2023 Exam Questions BUNDLE PACK [Q19-Q37]

[Oct-2024] Updated SAP Certified Professional P_S4FIN_2023 Exam Questions BUNDLE PACK

Master The SAP Content P_S4FIN_2023 EXAM DUMPS WITH GUARANTEED SUCCESS!

SAP P_S4FIN_2023 Exam Syllabus Topics:

Topic	Details
Topic 1	Basics of SAP HANA, SAP S 4HANA and SAP Fiori: A brief overview of the SAP HANA Architecture, the S 4HANA solution, deployment, and the UI strategy with SAP Fiori are included here.
Topic 2	Asset Accounting Configuration in SAP S 4HANA: Features, types, configuration, posting logic, day-to-day activities, and period-end closing of New Asset Accounting are sub-topics.
Topic 3	Managing Clean Core: This topic focuses on applying clean core principles to ERP for enhanced business process agility, reduced adaptation efforts, and accelerated innovation.
Topic 4	Financial Accounting Configuration in SAP S 4HANA: The new master data model, ledger enhancements, document splitting, posting processes, closing operations, and integration are covered in this topic.
Topic 5	Architecture Overview of Financials in SAP S 4HANA: This topic describes the technical architecture. It also focuses on the Universal Journal Architecture, Universal Journal Entry analysis, and an outline of Simple Finance Solutions.
Topic 6	Management Accounting Configuration in SAP S 4HANA: This topic encompasses Management Accounting integration, Material Ledger, Profitability Analysis, planning budgeting processes, and providing insights into configuring Management Accounting effectively.
Topic 7	Conversion and Post-conversion Activities for Financials in SAP S 4HANA: Views, master data, transaction conversion, balance conversion, and post-conversion activities are covered here, detailing the steps to transform and adjust financial data.

 

NEW QUESTION # 19
You are performing a system conversion for a customer that uses classic G/L with the accounts approach. What must you configure in SAP S/4HANA for local and international accounting standards in order to migrate the account values in an S/4HANA standard conversion project?Note: There are 3 correct answers to this question.

• A. Ledger groups
• B. Document types
• C. Valuation areas (FI)
• D. Standard ledgers
• E. Accounting principles

Answer: A,C,E

NEW QUESTION # 20
Which reports are included with SAP S/4HANA, embedded analytics? Note: There are 2 correct answers to this question.

• A. SAP Analysis for Microsoft Office reports
• B. SAP Lumira reports
• C. Multidimensional reports
• D. Analytical List Page reports

Answer: A,D

NEW QUESTION # 21
On which levels can you assign semantic tags to a financial statement version in SAP Fiori?Note: There are 3 correct answers to this question.

• A. G/L account
• B. Business area
• C. Financial statement item
• D. Functional area
• E. Segment

Answer: A,C,D

NEW QUESTION # 22
In what system is it required to perform all system conversion steps to identify and solve conversion errors?

• A. Production
• B. Sandbox
• C. Development
• D. Quality Assurance

Answer: D

NEW QUESTION # 23
What do you configure to automatically create a vendor when you create a business partner?Note: There are 2 correct answers to this question.

• A. The business partner grouping key
• B. Business partner relationships
• C. The customer/vendor integration interface
• D. The partner functions for vendors

Answer: A,C

NEW QUESTION # 24
Which objects do you need to configure in SAP S/4HANA after a conversion from classic G/L to SAP S/4HANA? Note: There are 2 correct answers to this question.

• A. Valuation area
• B. Currency type
• C. Document type
• D. Accounting principle

Answer: A,D

NEW QUESTION # 25
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.

• A. Assign a segment to all G/L accounts
• B. Define a clearing account.
• C. Set the zero balance indicator.
• D. Define a PA transfer structure.

Answer: B,C

NEW QUESTION # 26
You want to convert your system from an account solution into a ledger solution without a prior New G/L migration project.Which scenario can be used?Note: There are 2 correct answers to this question.

• A. New implementation
• B. Chart of Accounts Conversion
• C. Selective Data Transition
• D. SAP Standard Conversion

Answer: B,D

NEW QUESTION # 27
A fixed asset is to be posted in the new fiscal year. Which closing activity must be carried out for this?

• A. All depreciation (transaction AFAB) up to that point must be posted.
• B. Depreciation for the new year must be recalculated (transaction AFAR).
• C. All APC values must have been posted using report "Periodic Asset Postings".
• D. Fiscal year change program must have been executed (transaction FAA_CMP).

Answer: D

NEW QUESTION # 28
On what level can you assign a fiscal year variant to a company code?

• A. Ledger group, for any type of ledger
• B. Ledger, forstandard ledger type
• C. Ledger group, for standard ledger type
• D. Ledger, for any type of ledger

Answer: D

NEW QUESTION # 29
What is the earliest point in time that the attributed profitability segments can be derived?

• A. When you settle the cost to margin analysis
• B. When you run the top-down distribution in margin analysis
• C. When you assess the costs to margin analysis using the universal allocation
• D. When you post the primary cost document to a WBS element

Answer: D

NEW QUESTION # 30
Your customer has created a custom ABAP report in an SAP ERP system based on totals table GLTO. How is this totals table treated in SAP S/4HANA to safeguard custom ABAP reporting programs?

• A. The table GLTO has been compressed and its detailed content has been added to table ACDOCA for fast access.
• B. The table GLTO has been removed and replaced by a compatibility view.
• C. The table GLTO has been removed but its content has been added to table ACDOCA thanks to a compatibility view.
• D. The table GLTO has been kept but a compatibility view has been generated to read its content.

Answer: B

Explanation:
Architecture Overview of Financials in SAP S/4HANA

NEW QUESTION # 31
You are converting yoursystem to SAP S/4HANA.
In yoursystem, you have:Three company codes assigned to a single controlling area. Controlling area is assigned to fiscal year variant K4. Two company codes assigned to fiscal year variant K2. One company code assigned to variant K3.During conversion to SAP S/4HANA, what do you need to change?

• A. Change all company codes to fiscal year variant K4.
• B. Create a new fiscal year variant (for example Z4) and assign it to all company codes and the controlling area.
• C. Change all company codes and the controlling area to fiscal year variant K2.
• D. Change all company codes to fiscal year variant K2.

Answer: A

NEW QUESTION # 32
You are converting your system to SAP S/4HANA.
Which functionality became obsolete in SAP S/4HANA in Asset Accounting and needs to be migrated before conversion?

• A. Depreciation areas for parallel currencies
• B. Insurance values in the asset master records
• C. Year-end closing
• D. Non-posting depreciation areas

Answer: B

Explanation:
System Preparation and Configuration for Conversion of Financials in SAP S/4HANA

NEW QUESTION # 33
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.

• A. All errors must be corrected before SUM (Software Update Manager)starts.
• B. Critical errors must be resolved in the production system before Go Live.
• C. Errors must be clarified, and uncritical errors can be accepted
• D. All errors related to closed years can be ignored.

Answer: A,B

NEW QUESTION # 34
Which of the following API types does SAP recommend to use to achieve clean core integrations? Note:
There are 2 correct answers to this question.

• A. IDoc
• B. RFC
• C. SOAP
• D. OData

Answer: C,D

Explanation:
Managing Clean Core

NEW QUESTION # 35
What must you create before you can record commitments in the universal journal?

• A. Extension ledger
• B. Document type
• C. Tolerance profile
• D. Statistical cost elements

Answer: A

NEW QUESTION # 36
Which checks can you run directly in an SAP ECC system to support the planning of a standard SAP S/4HANA conversion project? Note: There are 3 correct answers to this question.

• A. Global Performance Analysis
• B. SAP Readiness Check
• C. Authority Check
• D. Simplification Item-Check
• E. Custom Code Check

Answer: B,D,E

Explanation:
System Preparation and Configuration for Conversion of Financials in SAP S/4HANA

NEW QUESTION # 37
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