[Q17-Q35] Valid P_S4FIN_2023 Practice Test Dumps with 100% Passing Guarantee [Nov-2024]

Valid P_S4FIN_2023 Practice Test Dumps with 100% Passing Guarantee [Nov-2024]

P_S4FIN_2023 PDF Dumps Are Helpful To produce Your Dreams Correct QA's

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	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.
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	System Preparation and Configuration for Conversion of Financials in SAP S 4HANA: This topic covers pre-conversion tests, customer-vendor integration, and FI and CO customization, ensuring a smooth transition to SAP S 4HANA Financials.
Topic 6	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.

 

NEW QUESTION # 17
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.

• A. You cannot configure and activate document splitting during conversion.
• B. You must use the accounts approach to parallel valuation.
• C. You must continue to use Special Purpose Ledger for preparation for consolidation.
• D. You must define valuation areas for foreign currency valuation.
• E. You must configure profit center and segment accounting.

Answer: A,C,E

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

NEW QUESTION # 18
Which fields do you maintain when defining the source ledger for migration of balances?Note: There are 2 correct answers to this question.

• A. Period
• B. Year
• C. Company code
• D. Source table

Answer: B,C

NEW QUESTION # 19
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 balance sheet account for APC costsin fixed asset accounting.
• C. It is used as special reserve balance account in fixed asset accounting.
• D. It is used as WIP account from price differences in the material account assignment

Answer: B,D

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

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

Answer: C,D

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

NEW QUESTION # 21
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

• A. It is still limited to 999 line items but you can configure summarization on certain criteria.
• B. It is now a compatibility view without number restrictions.
• C. It is automatically extended to 999999 line items.
• D. It is still limited to 999 line items but the system automatically splits the single entry into multiple documents as required

Answer: A

NEW QUESTION # 22
You carry forward balances for your company code and leading ledger to the new fiscal year 2024 and you get an error message related to asset accounting.
What single action can resolve the error?

• A. Post all depreciation (transaction AFAB) for the fiscal year 2023.
• B. Post revaluation and new valuation (transaction AR29N) for fiscal year 2023.
• C. Run the fiscal year change (transaction FAA_CMP) to close fiscal year 2022.
• D. Run "Calculate Depreciation" (transaction AFAR) for fiscal year 2024.

Answer: C

Explanation:
Asset Accounting Configuration in SAP S/4HANA

NEW QUESTION # 23
A fixed asset is to be posted in the new fiscal year. Which closing activity must be carried out for this?

• A. All depreciation up to that point must be posted.
• B. All APC values must have been posted using report "Periodic Asset Postings".
• C. Fiscal year change program must have been executed.
• D. Settlement of all assets under construction for the previous year.

Answer: A

Explanation:
Asset Accounting Configuration in SAP S/4HANA

NEW QUESTION # 24
Which technologies help you decrease data volume in the SAP HANA database?Note: There are 2 correct answers to this question.

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

Answer: A,B

NEW QUESTION # 25
Which of the following can you use to explore released APIs?

• A. SAP Integration Suite
• B. SAP Application Interface Framework
• C. SAP Business Accelerator Hub

Answer: C

Explanation:
Management Accounting Configuration in SAP S/4HANA

NEW QUESTION # 26
Which modules read and write line items of the universal journal (ACDOCA)? Note: There are 2 correct answers to this question.

• A. Cash management
• B. Actual costing
• C. Account-based profitability analysis
• D. Costing-based profitability analysis

Answer: A,C

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

NEW QUESTION # 27
Which ledger-specific configuration can you maintain at company code level? Note: There are 2 correct answers to this question.

• A. The posting period variant for the extension ledger
• B. The valuation view for the extension ledger
• C. The fiscal year variant for the standard ledger
• D. The financial statement version for both types of ledgers

Answer: A,D

Explanation:
Financial Accounting Configuration in SAP S/4HANA

NEW QUESTION # 28
You create a G/L account and set the cost element category to 42 (assessment).In what table isthe cost element category updated?

• A. SKB1
• B. SKA1
• C. CSKB
• D. CSKA

Answer: C

NEW QUESTION # 29
A fixed asset is to be posted in the new fiscal year. Which closing activity must be carried out for this?

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

Answer: C

NEW QUESTION # 30
In what system is it required to perform all system conversion steps to identify and solve conversion errors?

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

Answer: A

NEW QUESTION # 31
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: A

NEW QUESTION # 32
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. Financial statement item
• B. Functional area
• C. Segment
• D. Business area
• E. G/L account

Answer: A,B,E

NEW QUESTION # 33
What data for asset accounting is stored in the universal journal? Note: There are 2 correct answers to this question.

• A. Acquisition and production cost values of all depreciation areas that are defined as real depreciation areas
• B. Acquisition and production cost values of all depreciation areas that are assigned to an accounting principle
• C. Actual depreciations of the controlling depreciation area used for management valuations
• D. Actual depreciations of all depreciation areas that are set to post depreciation periodically

Answer: C,D

Explanation:
Asset Accounting Configuration in SAP S/4HANA

NEW QUESTION # 34
In the standard delivery system, what isthe 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?

• A. 0
• B. 1
• C. 2
• D. 3

Answer: C

NEW QUESTION # 35
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