P_S4FIN_1709 Online Practice Questions and Answers

In your SAP S/4HANA system, ledger group L1 is assigned to a US GAAP accounting principle. You want to assign ledger group to the L1 to a separate depreciation areas that posts acquisition and production cost APC) and depreciation values.

Which of the following limitations prevent you from making assignment?

Response:

A. The US GAAP values need to be reported in USG-but-the company code currency is defined as EUR.

B. One of the underlying ledgers is assigned to a fiscal year variant that has a different start/end date than the other ledgers.

C. You assign transfer of APC values only from depreciation areas to which the same accounting principle is assigned.

D. You use the accounts approach to parallel valuation and all accounting principles are assigned to a single ledger.

If a customer decides to deploy SAP S/4HANA Cloud instead of SAP S/4HANA on premise, what distinct

benefits will the customer gain?

Note: There are 3 correct answers to this question.

Response:

A. Personalization through self-service configuration

B. Automatic updates every 3 months

C. Faster initial implementation

D. Seamless adoption of the existing processes

E. Higher degree of customization

What can you do in the Cockpit view of SAP Product Lifecycle Costing? Response:

A. View the costing structure.

B. Define global settings for currencies and units of measure.

C. Receive an overview of the available master data.

D. Manage calculation versions.

You post a customer invoice from Sales and Distribution in SAP S/41HANA, but the system teminates the

transaction. With the error message "Maximum number of these items In Fi reached".

What do you need to configure in customizing in order to post this invoice successfully?

Response:

A. Data aging for accounting documents

B. ACDOCA summarization

C. SAP HANA database partitioning

D. BSEG summarization

What can you do when you use Account Basis for cost of goods sold (COGS) split in SAP S/4HANA 1709?

Note: There are 2 correct answers to this question.

Response:

A. Enable COGS split for postings made on the source account through internal processes in Financials and Controlling.

B. Enable COGS split on the basis of the main cost component structure and auxiliary cost component structure.

C. Enable COGS split for stock transfers and point-of-sale transactions.

D. Enable COGS split for sales processes posted to internal orders and projects.

The customers and vendors balances of the previous year are carried forward to the new year, but you did NOT perform the SAPF010 program (Carry Forward Receivables/Payables) manually in accounts receivable or accounts payable.

Why do you NOT need to execute this program?

Please choose the correct answer.

Response:

A. Because balance carryforward was carried out by the Reconcile Universal Journal Entry transaction since the reconciliation displayed NO error

B. Because balance carryforward was performed automatically due to postings to the subledgers in the new year

C. Because balance carryforward was performed for the leading ledger in general ledger

D. Because balance carryforward was performed automatically when closing the previous year

Your customer's company code is assigned to a chart of depreciation with three depredation areas that post in real time. Last year, your customer acquired an asset that was only capitatized In two of the depredation areas this year you post an integrated asset sale to a customer for this asset.

How many documents are generated during the sale posting?

Response:

A. 2

B. 3

C. 4

D. 5

Which downstream activities can be updated when you post a payment in receivables management?

Note: There are 2 correct answers to this question.

Response:

A. Update of days sales outstanding calculations

B. Reduction of an open dispute case amount

C. Release of an order from credit hold

D. Update of a promise to pay

Which modules remain unchanged after the migration to SAP S/4HANA?

Note: There are 3 correct answers to this question.

Response:

A. Account-based CO-PA

B. Costing-based CO-PA

C. Classic profit center accounting

D. Liquidity planning

E. Special purpose ledger

What are possible post-migration activities for SAP S/4HANA migration projects?

Note: There are 2 correct answers to this question.

Response:

A. Update the open items through data aging.

B. Calculate the net due date and discount due dates for open items

C. Fill offsetting accounts in financial documents.

D. Transfer archived documents into ACDOCA.