SAP P_S4FIN_1709 Online Practice Questions and Exam Preparation

SAP P_S4FIN_1709 Online Questions & Answers

• Question 11:

  Your system currently does NOT use business partners (BP). The master data for suppliers and vendors and the defined account groups are NOT connected and are handled by separate departments.

  When preparing for integration, what do you have to create?

  Response:

  A. Create a BP type for each industry category in the customer/vendor accounts.
  B. Create a BP role for each customer and vendor account group.
  C. Create a BP category for each legal form maintained for customers/vendors.
  D. Create a BP grouping for each customer and vendor account group.
  D. Create a BP grouping for each customer and vendor account group.

• Question 12:

  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  B. The extra offset account is obsolete and will be replaced by the technical clearing account.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  B. The extra offset account is obsolete and will be replaced by the technical clearing account.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 13:

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

• Question 14:

  What open period is checked by the third interval of the Open Posting Periods variant in financial accounting? Response:

  A. Postings to FI Subledgers
  B. Postings to special periods
  C. Postings from CO to FI
  D. Postings with a special authorization group
  C. Postings from CO to FI

• Question 15:

  How do you compensate for the technical clearing account NOT balancing in all accounting principles with the accounts approach for parallel valuation?

  Please choose the correct answer.

  Response:

  A. By running the monthly depreciation posting
  B. By running the periodic acquisition and production cost posting
  C. By entering manual corrective clearing transfer postings
  D. By maintaining the offset account in the asset account determination
  D. By maintaining the offset account in the asset account determination

• Question 16:

  The following ledgers are assigned to your company code in financial accounting. Standard ledgers A and B Extension ledger C with Standard ledger A as.

  Which ledgers are listed in the universal journal entry line items after you enter an incoming ivocie?

  Response:

  A. Standard ledger A Extension ledger C
  B. Standard ledger A Standard ledger B
  C. Standard ledger A Standard ledger B Extension ledger C
  D. Standard ledger B Extension ledger C
  B. Standard ledger A Standard ledger B

• Question 17:

  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.
  B. Calculate the net due date and discount due dates for open items
  C. Fill offsetting accounts in financial documents.

• Question 18:

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

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

• Question 19:

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

• Question 20:

  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