Latest [Sep 23, 2021] SAP P-S4FIN-2020 Exam Practice Test To Gain Brilliante Result
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NEW QUESTION 10
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 11
A document can have up to 999999 line items in the universal journal (reposing or G/L view). How does this affect the entry view (table BSEG)?
- A. It is extended to 999999 line items
- B. The entry view is also based on the universal journal
- C. The system splits the single entry into multiple documents as required
- D. It is limited to 999 items
Answer: D
NEW QUESTION 12
When does a document posted in controlling become Visible in financial accounting? Please choose the correct answer.
- A. When real-time integration is active for the company code
- B. When document splitting is active for the company code
- C. When FI account assignments (such as the segment) change
- D. When any primary or secondary cost and revenue accounts are posted
Answer: D
NEW QUESTION 13
Where can you view the cost of goods sold (COGS) postings per cost component in CO-PA? Note: There are 3 correct answers to this question.
- A. Actual COGS (based on actual costing) in account-based CO-PA
- B. Moving average COGS in account-based CO-PA
- C. Actual COGS (based on material ledger) in cost-based CO-PA
- D. Standard COGS in account-based CO
- E. Standard COGS in cost-based CO-PA
Answer: C,D,E
NEW QUESTION 14
How data is converted during an SAP S/4HANA standard conversions?
- A. Only company codes flagged as productive with all years
- B. All company codes for the years you specify
- C. All company codes with all data of all years
- D. Only company codes and years selected in the customizing for migration
Answer: C
NEW QUESTION 15
You activate account-based CO-PA (Profitability Analysis) during migration. How is the system affected?
There are 3 correct answers to this question.
- A. Characteristics will be added to universal journal
- B. Cost based CO-PA can still be used in parallel
- C. Cost component split (COGS) can be configured in financial accounting
- D. Value fields will be added to the universal Journal
- E. Historical data will be enriched with characteristics by derivation
Answer: A,B,C
NEW QUESTION 16
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 17
What data is migrated during system conversion? Please choose the correct answer.
- A. All company codes with all data of all years.
- B. Only company codes flagged as productive with all years
- C. All company codes for the years you specify
- D. Only company codes and years selected in the customizing for migration
Answer: A
NEW QUESTION 18
On what level can you assign a fiscal year variant to a company code?
- A. Accounting principle
- B. Depreciation area
- C. Ledger
- D. Valuation area
Answer: A
NEW QUESTION 19
On which levels can you assign different technical clearing accounts for integrated acquisition in asset accounting. NOTE: There are 2 correct answers to this question
- A. Company code
- B. Transaction code
- C. Account determination
- D. Chart of accounts
Answer: C,D
NEW QUESTION 20
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 21
Your customer wants a new ERP solution and is looking at the SAP S/4HANA software. The customer has a skilled in-house IT team that they want to upskill and keep moving the forward. They want maintain a filly customizable solution without completely disrupting their current processes. Which SAP S/4HANA solution will you propose?
- A. Private cloud
- B. Public cloud
- C. Hybrid
- D. On-premise
Answer: D
NEW QUESTION 22
You carry forward balances for your company code and leading ledger to the new fiscal year 2021 and year What could resolve the error?
- A. Post revaluation and new valuation (transition AR29N) for fiscal year 2020
- B. Post all depreciation (transaction AFAB) for the fiscal year 2020
- C. Run the fiscal year change (transition FAA_CMP) to close fiscal year 2019
- D. Run "calculate depreciation" (transition AFAR) for fiscal year 2021
Answer: C
NEW QUESTION 23
How can financial data be stored in the SAP S/4HANA system tables? Note: There are 2 correct answers to this question.
- A. There can be a line item in BSEG without a corresponding document in BKPF.
- B. There can be a line item in ACDOCA without a corresponding line item in BKPF.
- C. There can be a line item added in BSEG without a corresponding line item in ACDOCA.
- D. There can be a line item in ACDOCA without a corresponding line item in BSEG.
Answer: B,D
NEW QUESTION 24
In which sequence do you create the objects required for the SAP financial closing cockpit?
- A. 1. Define closing periods
2. Create task lists
3. Release task lists
4. Release closing periods - B. 1. Create template
2. Create tasks
3. Create task lists
4. Release task lists - C. 1. Define task levels
2. Create task group
3. Release task levels
4. Release task group - D. 1. Create task group
2. Create task lists
3 Create tasks
4. Release task lists
Answer: B
NEW QUESTION 25
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