Updated Nov-2024 100% Cover Real P_S4FIN_2023 Exam Questions Make Sure You 100% Pass [Q17-Q36]

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Updated Nov-2024 100% Cover Real P_S4FIN_2023 Exam Questions Make Sure You 100% Pass

P_S4FIN_2023 dumps Accurate Questions and Answers with Free and Fast Updates

Q17. You create a G/L account and set the cost element category to 42 (assessment).In what table isthe cost element category updated?

SKB1

CSKA

SKA1

CSKB

Q18. You post a payment to a supplier invoice. In the universal journal table, you see that more line items are created than were visible in the document entry view.
Which configuration may have caused the additional line items? Note: There are 2 correct answers to this question.

Zero balance indicator for profit center

The summarization in ACDOCA

A non-leading ledger

An extension ledger

Financial Accounting Configuration in SAP S/4HANA

Q19. A document can have up to 999999 line items in the universal journal (reporting or G/L view). How does this affect the entry view table?

It is still limited to 999 line items but the system automatically aggregates at account level.

It is still limited to 999 line items but the system automatically splits the single entry into multiple documents as required.

It is still limited to 999 line items but you can configure summarization on certain criteria.

It is automatically extended to 999999 line items.

Architecture Overview of Financials in SAP S/4HANA

Q20. You maintain a launchpad for users who are assigned to the Z_MANACC role.
What do you need to do to make an app available for the users?

Add the app to a catalog that is assigned to the Z_MANACC role.

Assign the app directly to the Z_MANACC role and add the app to a catalog.

Add the app to a group that is assigned to the Z_MANACC role.

Assign the app directly to the Space assigned to the Z_MANACC role.

Basics of SAP HANA, SAP S/4HANA and SAP Fiori

Q21. 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.

G/L account

Business area

Financial statement item

Functional area

Segment

Managing Clean Core

Q22. 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?

Year-end closing

Insurance values in the asset master records

Non-posting depreciation areas

Depreciation areas for parallel currencies

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

Q23. 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.

Assign a segment to all G/L accounts.

Set the zero balance indicator.

Define a clearing account.

Define a PA transfer structure.

Financial Accounting Configuration in SAP S/4HANA

Q24. You run an assessment cycle for cost centers, but no postings are made because the posting period is NOT open. Against which period interval is the check being made?

First interval 3, then interval 2 if interval 3 is not maintained

First interval 3, then intervals 1&2 if interval 3 is not maintained

Only interval 3, no other intervals checked if interval 3 is not maintained

First interval 3, then interval 1 if interval 3 is not maintained

Q25. Your customer has an SAP ERP system with classic G/L accounting and wants to convert directly to SAP S/4HANA as soon as possible during the current fiscal year via standard conversion. Which limitations apply in SAP S/4HANA? Note: There are 3 correct answers to this question.

You must use the accounts approach to parallel valuation.

You must define valuation areas for foreign currency valuation.

You must configure profit center and segment accounting.

You cannot configure and activate document splitting during conversion.

You must continue to use Special Purpose Ledger for preparation for consolidation.

Q26. 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?

Document splitting default account assignment

Active document splitting

Document splitting inheritance

Passive document splitting

Q27. What restrictions apply when a new currency is introduced for productive company codes and ledgers? Note: There are 2 correct answers to this question.

Reconciliation for entities in asset accounting is NOT included.

Archived data CANNOT be enriched with the new currency.

New currency fields are NOT updated for existing data.

Calculated values are NOT added to the ACDOCA.

Q28. 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.

Currency type

Accounting principle

Document type

Valuation area

Q29. What cost center planning process can write data directly to plan item table ACDOCP?

Internal activity price calculation

Planning in SAP Analytics Cloud

Manual planning of statistical key figures

Formula planning with templates

Q30. A fixed asset is to be posted in the new fiscal year. Which closing activity must be carried out for this?

Depreciation for the new year must be recalculated (transaction AFAR).

All depreciation (transaction AFAB) up to that point must be posted.

Fiscal year change program must have been executed (transaction FAA_CMP).

All APC values must have been posted using report “Periodic Asset Postings”.

Q31. Which technologies help you decrease data volume in the SAP HANA database?Note: There are 2 correct answers to this question.

Indexing

Storing

Archiving

Aging

Q32. Your customer wants to maintain the current customer and supplier account numbers even after migrating to business partners. The customer also wants to ensure the account numbers continue to be aligned after the conversion.What settings must be made to ensure this? Note: There are 2 correct answers to this question.

Use external number ranges in the customer and supplier account groups for the conversion.

Use external number ranges in the BP groupings for the conversion.

Use internal number ranges in the customer and supplier account groups after the conversion.

Use internal number ranges in the BP groupings after the conversion.

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

Q33. 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?

Q34. 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

Q35. 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.

Critical errors must be resolved in the production system before Go Live.

All errors related to closed years can be ignored.

Errors must be clarified, and uncritical errors can be accepted

All errors must be corrected before SUM (Software Update Manager)starts.

Q36. What must you create before you can record commitments in the universal journal?

Number ranges

Extension ledger

Derivation rule

Statistical cost elements

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SAP P_S4FIN_2023 Exam Syllabus Topics:

Topic	Details
Topic 1	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 2	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 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	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 5	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 6	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.