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P_S4FIN_1610 SAP Certified Application Professional - Financials in SAP S/4HANA 1610 for SAP ERP Finance Experts

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The complete product contains 90 questions.

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Single choice8

Multiple choice6

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SAP · P_S4FIN_1610

P_S4FIN_1610 questions and answers

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Question 1

Multiple choice

What can you do when you use Account Basis for cost of goods sold (COGS) split in SAP S/4HANA
1709?

Note: There are 2 correct answers to this question.

Response:

A
Enable COGS split for postings made on the source account through internal processes in Financials and Controlling.
B
Enable COGS split on the basis of the main cost component structure and auxiliary cost component structure.
C
Enable COGS split for stock transfers and point-of-sale transactions.
D
Enable COGS split for sales processes posted to internal orders and projects.

Question 2

Single choice

In which of the following CO transactions is it NOT possible to enter a ledger goup?

Response:

A
Reposting of Revenues (KB41N)
B
Cost Allocation (KB15N)
C
Activity Allocation (KB21N)
D
Reposting of Primary Costs (KB11N)

Question 3

Single choice

What can you do in the Cockpit view of SAP Product Lifecycle Costing?

Response:

A
View the costing structure.
B
Define global settings for currencies and units of measure.
C
Receive an overview of the available master data.
D
Manage calculation versions.

Question 4

Single choice

You perform an SAP S/4HANA migration. Some of the company codes were NOT used for years and the data posted to these company codes is no longer legally equied.

How do you handle these company codes?

Response:

A
Migrate all company codes of the client.
B
Migrate all company codes you selected in customizing.
C
Archive all data from unused company codes.
D
Migrate all company codes flagged as productive.

Question 5

Single choice

You define an additional extension ledger. What type of ledger can you assign as underlying ledger?

Response:

A
Material ledger
B
Reconciliation ledger
C
Special ledger
D
Standard ledger

Question 6

Multiple choice

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.

Question 7

Single choice

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

Question 8

Multiple choice

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
Check deposit management
D
Memo record management
E
Electronic bank statement processing

Question 9

Single choice

What credit management organizational element is required for calculating the credit limit, and enables you to carry out detailed checks at business

Response:

A
Sales area
B
Credit control area
C
Credit segment
D
Company code

Question 10

Multiple choice

Which actions will dose a dispute case created for a short payment?

Note: There are 2 correct answers to this question.

Response:

A
Running the automatic write-off program.
B
Posting a credit memo for only cash discount amount.
C
Running the auto-confirm dispute case program.
D
Receiving a payment for the open amount.

Question 11

Multiple choice

You perform planning in SAP Business Planning and Consolidation for SAP S/4HANA.

Why do you retract the plan data from SAP Business Planning and Consolidation for SAP SI4HANA and return it to the standard planning tables?

Note: There are 2 correct.

Response:

A
To perform availability
B
To prepare for financial consolidation
C
To perform planning allocation
D
To use standard SAP GUI plan/actual reporting

Question 12

Single choice

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

Question 13

Multiple choice

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

Question 14

Single choice

Your customer's company code is assigned to a chart of depreciation with three depredation areas that post in real time. Last year, your customer acquired an asset that was only capitatized In two of the depredation areas this year you post an integrated asset sale to a customer for this asset.

How many documents are generated during the sale posting?

Response: