SAP Certified Professional - SAP S/4HANA Cloud Private Edition, Financials for SAP ERP (P_S4FIN_2023) Free Practice Test

Question 1

You want to sell products from stock. What do you need to maintain before you can analyze the cost of goods sold (COGS) subdivided by cost components in account-based CO-PA? Note: There are 2 correct answers to this question

A. An extension ledger with type "Line items with technical numbers"

B. A settlement profile to control the settlement of cost portions

C. A cost splitting profile in general ledger accounting

D. A collection of primary cost elements to receive the cost portions

Correct Answer: C,D

Question 2

At which level is the migration run for finance data performed?

A. Controlling area

B. Operating concern

C. Client

D. Company code

Correct Answer: C

Question 3

Which transactions generate a prima nota entry in the system in addition to the universal journal entry? Note: There are 2 correct answers to this question

A. Assessment cycle of cost centers (KSU5)

B. Post FI supplier invoice (FB60)

C. Post time sheet data to Controlling (CAT7)

D. Settlement of internal order (K088)

Correct Answer: B,C

Question 4

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. Source table

C. Company code

D. Year

Correct Answer: C,D

Question 5

Which values are stored in the universal journal (ACDOCA)?Note: There are 2 correct answers to this question.

A. Parallel currencies

B. Transfer prices

C. Elimination of intercompany postings

D. Actual costing results

Correct Answer: A,B

Question 6

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

A. Development

B. Sandbox

C. Quality Assurance

D. Production

Correct Answer: C

Question 7

What is posted at the same time to both account-based and costing-based profitability analysis? Note: There are 2 correct answers to this question.

A. Incoming sales orders

B. CO-PA valuated insurance costs

C. Actual revenue

D. Standard cost of goods sold

Correct Answer: A,C

Question 8

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.

A. Assign a segment to all G/L accounts

B. Set the zero balance indicator.

C. Define a clearing account.

D. Define a PA transfer structure.

Correct Answer: B,C

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SAP Certified Professional - SAP S/4HANA Cloud Private Edition, Financials for SAP ERP (P_S4FIN_2023) Free Practice Test