P-S4FIN-2020 Practice Exam Tests Latest Updated on Oct-2021
Pass P-S4FIN-2020 Exam in First Attempt Guaranteed Dumps!
NEW QUESTION 32
What cost center planning process can write data directly to plan item table ACDOCP? Please choose the correct answer.
- A. Internal activity price calculation
- B. Manual planning of cost with workbook
- C. Formula planning with templates
- D. Manual planning of statistical key figures
Answer: B
NEW QUESTION 33
What setting must be identical between the company code and controlling area?
- A. The number of special periods
- B. The number of posting periods
- C. The number of postings and special periods
- D. The fiscal year variant key
Answer: D
NEW QUESTION 34
In your system. You are creating a new company code that requires as additional standard ledger. Which statements apply to a standard ledger? There are 2 correct answer to this question
- A. It will generate additional line items in ACDOCA for non-ledger-specific postings
- B. It must be assigned to underlying ledger
- C. If asset accounting is used depreciation area must be assigned
- D. It is always active on the system level for all company codes
Answer: A,C
NEW QUESTION 35
You are using SAP S/4HANA with account-based profitability analysis. For which objects can you activate derivation of profitability characteristics for G/L line items, without profitability segment'?
- A. Materials
- B. Fixed assets
- C. Suppliers
- D. Production orders
Answer: D
NEW QUESTION 36
You use document splitting and post an incoming invoice via a cost center to segment A.
You then use the Manual Reposting 01 Costa (KB11N) transaction to Repost the expense to segment B.
What happens to the segment assigned to the supplier line item in the original invoice posting?
- A. The open item is assigned to segment B when the invoice is paid.
- B. The open item is assigned to segment B through reclassification at month end.
- C. The open item remains on segment A.
- D. The open item is assigned to segment B automatically with the CO reposting.
Answer: C
NEW QUESTION 37
Which object acts as a data source for cash management (cash flow analyser) in SAP S/4HANA?
- A. Value fields
- B. Bank fees
- C. Memo Records
- D. Statistical key figure
Answer: C
NEW QUESTION 38
Which processes create an artificial controlling document? 2 correct answers
- A. Assessment from cost center to account based profitability analysis
- B. Stock material consumption on project
- C. FI posting of primary costs to production order
- D. Internal activity allocation to sales order
Answer: A,C
NEW QUESTION 39
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? Please choose the correct answer.
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION 40
During SAP S/4HANA conversion, why is it necessary to migrate balances for FI and CO? Please choose the correct answer.
- A. Because a delta between all line items and the balance of every account will be updated in the universal journal
- B. Because all balances from the past years are stored in the universal journal
- C. Because the system displays an error if the sum of aggregated line items differs from the balance
- D. Because the system posts FI/CO documents for all missing line items by comparing them to the balance of the account
Answer: A
NEW QUESTION 41
You are converting your system to SAP S/4HANA.
In your system 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. Change all company codes to fiscal year variant K2
- C. Change all company codes and the controlling area to fiscal year variant K2
- D. Change the controlling area to fiscal year variant K3.
Answer: A
NEW QUESTION 42
What open period is checked by the third interval of the Open Posting Periods variant in financial accounting?
- A. Postings to FI Subledgers
- B. Postings from CO to FI
- C. Postings with a special authorization group
- D. Postings to special periods
Answer: B
NEW QUESTION 43
How can you set up multiple valuations for transfer pricing in your SAP S/4HANA system? There are 2 correct answer to this question.
- A. You can assign each valuation to a separate ledger.
- B. You can assign profit center, group, and legal valuations to the same ledger.
- C. You can assign more than 3 valuations to the same ledger.
- D. You can assign more than 3 valuations to different ledgers, if you have enough ledgers defined.
Answer: A,B
NEW QUESTION 44
At which level do you define that a G/L account is a secondary cost account?
- A. Company code
- B. Operating concern
- C. Controlling area
- D. Chart of accounts
Answer: D
NEW QUESTION 45
What can you do in the Cockpit view of SAP Product Lifecycle Costing?
- A. View the costing structure.
- B. Receive an overview of the available master data.
- C. Define global settings for currencies and units of measure.
- D. Manage calculation versions.
Answer: D
NEW QUESTION 46
Which of the following options in SAP S/4HANA 1809 is only possible in costing-based CO-PA and NOT in account-based CO-PA?
- A. Sales order entry postings.
- B. Manual postings.
- C. Cost of goods sold (COGS) split per cost component.
- D. Production variance split per variance category.
Answer: B
NEW QUESTION 47
What are the parameters to define different technical clearing accounts for integrated acquisition in new asset counting? There are 2 correct answer to this question.
- A. Company code
- B. Account determination
- C. Chart of accounts
- D. Chart of depreciation
Answer: B,C
NEW QUESTION 48
You perform an SAP S/4HANA migration. Some of the company codes were NOT used for years and the data posted to these company codes is no longer legally equied. How do you handle these company codes?
- A. Archive all data from unused company codes.
- B. Migrate all company codes of the client.
- C. Migrate all company codes you selected in customizing.
- D. Migrate all company codes flagged as productive.
Answer: B
NEW QUESTION 49
You want to configure an extension ledger. Which steps do you need to take? There are 2 correct answer to this question.
- A. Select an Underlying ledger for the extension ledger.
- B. Assign a fiscal year variant to the extension ledger.
- C. Specify currency types for the extension ledger.
- D. Specify the document type for the extension ledger.
Answer: A,C
NEW QUESTION 50
You run foreign currency valuation for both local and international GAAP. This leads to different values for the two different accounting principles. How can you set this up in the system?
- A. Define two valuation methods and assign the accounting principles to the new valuation method
- B. Define two valuation areas and two accounting principles with relevant links to ledgers
- C. Define a valuation area and extension ledger to link with the new valuation area
- D. Define a valuation area and ledger group for two ledgers to link with the new valuation area.
Answer: B
NEW QUESTION 51
The ACDOCA table has a 6-digit field for document line numbers. However, CO documents updating the COEP table are still limited to 999 lines. How does SAP S/4HANA handle large line item numbers when updating the CO documents?
- A. It creates a new document when there are more than 999.999 lines
- B. It outputs an error message when there are more than 999 lines.
- C. It creates a new document when there are more than 999 lines.
- D. It no longer assigns CO-specific document numbers.
Answer: C
NEW QUESTION 52
Which of the following roles are delivered as business partner roles? Note: There are 3 correct answers to this question.
- A. Banks
- B. Bank accounts
- C. Employees
- D. Suppliers
- E. Distribution channels
Answer: A,C,D
NEW QUESTION 53
Which objects do you need to configure in SAP S/4HANA after a conversion from classic G/L to SAP S/4HANA? There are 2 correct answer to this question.
- A. Document type
- B. Accounting principle
- C. Currency type
- D. Valuation area
Answer: B,D
NEW QUESTION 54
Your company code is configured with three depreciation areas that post in real time The company is configured to update company code and group currency types. How many documents are posted when you post a partial scrapping for a single depreciation area?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION 55
How do you compensate for the technical clearing account NOT balancing in all accounting principles with the accounts approach for parallel valuation? Please choose the correct answer.
- A. By running the periodic acquisition and production cost posting
- B. By running the monthly depreciation posting
- C. By entering manual corrective clearing transfer postings
- D. By maintaining the offset account in the asset account determination
Answer: D
NEW QUESTION 56
What are the improvements to new cash pooling? There are 2 correct answers to this question.
- A. You can set deficit and excess tolerances. If the balance is between the tolerances, no transfer is made.
- B. The balance before concentration and the simulated balance after the concentration can be compared.
- C. The business user can define "expected amount" and "minimal movement amount" for every bank account without configuration.
- D. Different payment methods for payment requests can be specified in different paying company codes.
Answer: B,C
NEW QUESTION 57
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