SAP P_S4FIN_1610 Online Practice Questions and Exam Preparation

SAP P_S4FIN_1610 Online Questions & Answers

• Question 1:

  For which account assignments can you perform realignment in the universal journal?

  Note: There are 2 correct answers to this question.

  Response:

  A. Profit center
  B. Functional area
  C. Sales region
  D. Customer group
  C. Sales region
  D. Customer group

• Question 2:

  Which of the following are key benefits of SAP S/4HANA? Note: There are 2 correct answers to this question. Response:

  A. Reduced throughput
  B. Reduced footprint
  C. Choice of deployment
  D. Choice of database
  B. Reduced footprint
  C. Choice of deployment

• 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 data.

  What can you do in separate projects before the SAP S/4HANA converson 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. Implement an archiving project.
  D. Create a backup.
  C. Implement an archiving project.
  D. Create a backup.

• Question 4:

  You need to transfer multiple standard cost prices to CO-PA in an SAP S/4HANA system. What do you need to set up? Response:

  A. Valuation using material cost estimate in account-based CO-PA
  B. The new refinement for cost of goods sold postings in account-based CO-PA
  C. Valuation using material cost estimate in costing-based CO-PA and account-based-COPA
  D. Valuation using material cost estimate in costing-based CO-PA
  B. The new refinement for cost of goods sold postings in account-based CO-PA

• Question 5:

  Which object do you enter in controlling transactions to update a specific valuation in the universal journal? Response:

  A. Ledger
  B. Ledger group
  C. Valuation area
  D. Accounting principle
  B. Ledger group

• Question 6:

  The classic Asset Accounting posts acquisitions and retirements for a second accounting principle to an extra offset account in the account approach. How is this handled in new Asset Accounting using an accounts approach in SAP S/4HANA?

  Response:

  A. There is no need to use such offset accounts anymore because of real-time postings.
  B. The extra offset account is obsolete and will be replaced by the technical clearing account.
  C. The accounts approach must be replaced because the ledger approach is the only valid option
  D. The extra offset account has to be used as in the classic Asset Accounting.
  B. The extra offset account is obsolete and will be replaced by the technical clearing account.

• Question 7:

  What are planning level and planning group used for in SAP Cash Management?

  Note: There are 2 correct answers to this question.

  Response:

  A. - Planning level is used to differentiate between strategic, business, and operational plan. - Planning group is used to group assets by order of liquidity: petty cash, bank, AR/AP, investments, etc.
  B. - Planning group is used to group customers and vendors to enable accurate forecast. - Planning level is used to control displays in SAP Cash Management and to differentiate between noted item, purchase order, bank account, etc.
  C. - Planning level is used in the company code data of the business partner to control accounts receivable and accounts payable in SAP Cash Management. - Planning group is used in the G/L account data to enable the liquidity forecast.
  D. Planning level and planning group are used in the configuration of the grouping structure, which enables you to group bank and subledger accounts together in the cash position or the liquidity forecast.
  B. - Planning group is used to group customers and vendors to enable accurate forecast. - Planning level is used to control displays in SAP Cash Management and to differentiate between noted item, purchase order, bank account, etc.
  D. Planning level and planning group are used in the configuration of the grouping structure, which enables you to group bank and subledger accounts together in the cash position or the liquidity forecast.

• Question 8:

  If you use the ledger approach, which customization settings must you apply for new Asset Account?

  Note: There are 2 correct answers to these questions.

  Response:

  A. Define a technical clearing account for integrated asset acquisitions.
  B. Set reconciliation account for parallel valuation (non-leading ledger).
  C. Assign a controlling version to each depreciation area.
  D. Assign an accounting principle to every depreciation area.
  A. Define a technical clearing account for integrated asset acquisitions.
  D. Assign an accounting principle to every depreciation area.

• Question 9:

  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
  B. Reduction of an open dispute case amount
  C. Release of an order from credit hold

• Question 10:

  You use document splitting and post an incoming invoice via a cost center to segment.

  You then use the Manual Reposting 01 Costa (KB11N) transaction to Repost the expense to segment B.

  What happens to the segment assigned to the supplier line item in the original invoice posting?

  Response:

  A. The open item is assigned to segment B through reclassification at month end.
  B. The open item is assigned to segment B when the invoice is paid.
  C. The open item is assigned to segment B automatically with the CO reposting.
  D. The open item remains on segment A.
  D. The open item remains on segment A.