P-S4FIN-1610 by SAP Valid Free Exam Practice Test

Question 1

You are using SAP S/4HANA with account-based profitability analysis. For which objects can you activate derivation of profitability characteristics for G/L line items, without profitability segment'?
Response:

A. Production orders B. Fixed assets C. Materials D. Suppliers

Correct Answer: A

Question 2

Cost of goods sold (COGS) split functionality is available in account-based CO-PA.
Which settings are necessary?
Note: There are 2 correct answers to this question.
Response:

A. Operating concern currency must be determined. B. The corresponding cost elements must exist in the chart of accounts. C. Cost elements must be mapped to cost components D. Characteristic values and characteristic groups must be maintained

Correct Answer: B,C

Question 3

Your customer uses SAP ERP on any database with EHP 8, classic G/L with accounts approach, and more than 10 years' worth of dat a. What can you do in separate projects before the SAP S/4HANA conversion to reduce the complexity of your conversion project?
Note: There are 2 correct answers to this question.
Response:

A. Launch customer-vendor integration for the business partner. B. Adopt new Asset Accounting. C. Create a backup. D. Implement an archiving project.

Correct Answer: C,D

Question 4

How does the Near-Zero Downtime method minimize the downtime of the productive SAP system during migration?
Response:

A. A clone of the productive system is used. B. SQL database commands are used to accelerate the migration C. Optimized data compression is used to minimize the data volume. D. The data from previous years is archived.

Correct Answer: A

Question 5

You are migrating from classic Asset Accounting to new Asset Accounting as part of your SAP S/4HANA migration. Yon have created an additional depreciation area for group currency under the chart of depredation.
What are the critical steps for fixed assets?
Note: There are 3 correct answers to this question.
Response:

A. Manually recalculate depreciation for the new depreciation area. B. Update the depredation key for the new depreciation area. C. Activate the new depreciation areas for the individual assets for the respective company codes. D. Update G/L accounts for the new depreciation area for the chart of depreciation. E. Activate the new depreciation areas for asset classes under the chart of depreciation.

Correct Answer: A,D,E

Question 6

Your customer creates full balance sheets on profit center level. You transfer costs between cost centers within the company code and the profit center changes. Which accounts are displayed in the G/L view?
Response:

A. G/L account defined in reconciliation ledger
Zero-balance clearing account B. G/L account defined in real-time-integration CO-Fl
Zero-balance clearing account C. G/L account defined in real-time-integration CO-Fl
Original cost account D. Original cost account
Zero-balance clearing account

Correct Answer: D

Question 7

Which functions are included in Basic Cash Management for SAP S/4HANA?
Note: There are 3 correct answers to this question.
Response:

A. Rolling liquidity planning B. Workflow approval processing C. Electronic bank statement processing D. Memo record management E. Check deposit management

Correct Answer: B,C,D

Question 8

You extend the coding block in the universal journal with a custom field. Which components can use this new field without requiring further customization?
Note: There are 2 correct answers to this question.
Response:

A. Classic profit center accounting. B. General ledger accounting C. Account-based CO-PA D. Costing-based CO-PA

Correct Answer: B,D

Question 9

What must always be activated after the installation of SAP S/4HANA?
Response:

A. Material ledger B. Credit management C. Profit center accounting D. Transfer prices

Correct Answer: A

SAP Certified Application Professional - Financials in SAP S/4HANA 1610 for SAP ERP Finance Experts - P-S4FIN-1610 Exam Practice Test