Dec-2024 Realistic P_S4FIN_2023 Exam Dumps with Accurate & Updated Questions [Q28-Q48]

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Dec-2024 Realistic P_S4FIN_2023 Exam Dumps with Accurate & Updated Questions

P_S4FIN_2023 Exam Dumps – PDF Questions and Testing Engine

SAP P_S4FIN_2023 Exam Syllabus Topics:

Topic	Details
Topic 1	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 2	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 3	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 4	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 5	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.

Q28. Your customer wants to convert their SAP ERP New G/L ledger solution to SAP S/4HANA.Which system configuration options are available for the customer after the conversion project is finalized? Note:
There are 2 correct answers to this question.

Implementation of an additional standard ledger for parallel accounting

Implementation of real-time integration of controlling to financial accounting

Implementation of chart of accounts conversion

Implementation of document splitting

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

Q29. Before conversion to SAP S/4HANA, which activities must be completed in the SAP ERP system for Asset Accounting? Note: There are 3 correct answers to this question.

Define depreciation areas for all currency types.

Define a technical clearing account for integrated acquisitions.

Close all fiscal years except the current one.

Activate enterprise extension EA-FIN.

Assign accounting principles to all depreciation areas.

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

Q30. Which ledger-specific configuration can you maintain at company code level? Note: There are 2 correct answers to this question.

The posting period variant for the extension ledger

The valuation view for the extension ledger

The fiscal year variant for the standard ledger

The financial statement version for both types of ledgers

Financial Accounting Configuration in SAP S/4HANA

Q31. What can you do with SAP S/4HANA Accrual Management?

Post and analyze accruals in all currencies defined for the general ledger.

Post planned accrual amounts in table ACDOCP and analyze them in reports.

Automatically calculate accruals for asset acquisitions (direct capitalization) with purchase orders.

Automatically calculate accruals for purchase orders with posted valuated goods receipt.

Financial Accounting Configuration in SAP S/4HANA

Q32. How can you set up multiple valuations for transfer pricing in your SAP S/4HANA system? Note: There are 2 correct answers to this question.

You can assign additional valuations to the extension ledgers.

You can assign profit center, group, and legal valuations to the same ledger.

You can assign each valuation to a separate ledger.

You can assign additional valuations to separate accounts.

Management Accounting Configuration in SAP S/4HANA

Q33. What is the earliest point in time that the attributed profitability segments can be derived?

When you run the top-down distribution in margin analysis

When you run the top-down distribution in costing-based Profitability analysis

When you assess the costs to margin analysis using the universal allocation

When you post a vendor invoice to a WBS element

Management Accounting Configuration in SAP S/4HANA

Q34. 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?

Define two valuation methods and assign the accounting principles to the new valuation methods

Define a valuation area and an accounting principle with relevant links to ledgers.

Define two valuation areas and two accounting principles with relevant links to ledgers.

Define a valuation area and ledger group for two ledgers to link with the new valuation area

Q35. You post an asset acquisition with a purchase order. How is the asset acquisition value posted?

Valuated acquisition is posted at settlement

Valuated acquisition is posted at invoice receipt.

Non-valuated acquisition is posted at invoice receipt.

Non-valuated acquisition is posted at goods receipt-

Q36. 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.

It is used as WIP account from price differences in the material account assignment.

It is used as balance sheet account for APC costs in fixed asset accounting.

It is used as inventory account (BSX) in the material account assignment.

It is used as special reserve balance account in fixed asset accounting.

Management Accounting Configuration in SAP S/4HANA

Q37. You are converting your system to SAP S/4HANA.Which functionality became obsolete in S/4HANA in Asset Accounting and needs to be migrated before conversion?

Depreciation areas for parallel currencies

Non-posting depreciation areas

Year-end closing

Insurance values in the asset master records

Q38. At which level is the migration run for finance data performed?

System

Company

Company code

Client

Q39. What must you create before you can record commitments in the universal journal?

Number ranges

Extension ledger

Derivation rule

Statistical cost elements

Q40. In the standard delivery system, what is the maximum number of components you can use for the primary cost component split of activities and the cost component split of cost of goods sold?

100

160

120

Management Accounting Configuration in SAP S/4HANA

Q41. You select the configuration option Set Migration to Completed in the Conversion of Accounting to SAP S/4HANA.
What does this mean? Note: There are 3 correct answers to this question.

The activity Fill the offsetting accounts in Fl documents can be started.

All error messages have been accepted.

Material Ledger activation can start.

Customer Vendor Integration can start.

All views are generated successfully.

Q42. 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 Y4. 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?

Change all company codes to fiscal year variant K2.

Change all company codes and the controlling area to fiscal year variant K2.

Create a new fiscal year variant (for example Z4) and assign it to all company codes and the controlling area.

Change all company codes to fiscal year variant K4.

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

Q43. You want to configure an extension ledger.
Which steps do you need to take? Note: There are 2 correct answers to this question.

Specify allowed currency types for the extension ledger.

Select an underlying ledger for the extension ledger.

Assign a fiscal year variant to the extension ledger.

Specify the document type for the extension ledger.

Financial Accounting Configuration in SAP S/4HANA

Q44. What setting must be identical between the company code and controlling area?

The group chart of account

The currency and valuation profile

The posting period variant key

The fiscal year variant key

Management Accounting Configuration in SAP S/4HANA

Q45. What is posted at the same time to both account-based and costing-based profitability analysis? Note: There are 2 correct answers to this question.

Actual revenue

Incoming sales orders

Standard cost of goods sold

CO-PA valuated insurance costs

Q46. What are the consequences in an SAP ERP system when activating the business function EA-FIN to support conversion to SAP S/4HANA?

New asset accounting is activated.

Parallel ledgers are available.

Period posting (ASKB) became obsolete.

New depreciation engine is used.

Q47. In your SAP S/4HANA system, you use the accounts approach for parallel valuation and report financial values for three separate 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?

Q48. What does the Parallel Accounting Using G/L Accounts indicator in ledger configuration allow you to do?

Assign 2 or more accounting principles to 1 valuation area

Assign 2 or more ledgers to 1 accounting principle

Assign 2 or more accounting principles to the non-leading ledger

Assign 2 or more accounting principles to the leading ledger

Financial Accounting Configuration in SAP S/4HANA

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Dec-2024 Realistic P_S4FIN_2023 Exam Dumps with Accurate & Updated Questions [Q28-Q48]