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P_S4FIN_2023 SAP Certified Professional - SAP S/4HANA Cloud Private Edition, Financials for SAP ERP Free Practice Exam Questions (2025 Updated)

Prepare effectively for your SAP P_S4FIN_2023 SAP Certified Professional - SAP S/4HANA Cloud Private Edition, Financials for SAP ERP certification with our extensive collection of free, high-quality practice questions. Each question is designed to mirror the actual exam format and objectives, complete with comprehensive answers and detailed explanations. Our materials are regularly updated for 2025, ensuring you have the most current resources to build confidence and succeed on your first attempt.

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Total 80 questions

You are converting yoursystem to SAP S/4HANA. In yoursystem, you have:Three company codes assigned to a single controlling area. Controlling area is assigned to fiscal year variant K4. Two company codes assigned to fiscal year variant K2. One company code assigned to variant K3.During conversion to SAP S/4HANA, what do you need to change?

A.

Create a new fiscal year variant (for example Z4) and assign it to all company codes and the controlling area.

B.

Change all company codes to fiscal year variant K4.

C.

Change all company codes to fiscal year variant K2.

D.

Change all company codes and the controlling area to fiscal year variant K2.

What SAP S/4HANA deployment option will cause the least business disruption for the average SAP end user?

A.

Central finance

B.

Private cloud

C.

Public cloud

D.

On premise

Which settings are allowed for open item management for the GR/IR account? Note: There are 2 correct answers to this question.

A.

Reconciliation account

B.

Classic open item management

C.

Extended open item management

D.

Ledger specific open item management

How many digits for the amount field on the financial document line item level are supported in the universal journal

A.

13

B.

21

C.

17

D.

23

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.

Post time sheet data to Controlling (CAT7)

B.

Post FI supplier invoice (FB60)

C.

Settlement of internal order (K088)

D.

Assessment cycle of cost centers (KSU5)

What do you configure to automatically create a vendor when you create a business partner?Note: There are 2 correct answers to this question.

A.

The partner functions for vendors

B.

Business partner relationships

C.

The customer/vendor integration interface

D.

The business partner grouping key

On what level can you assign a fiscal year variant to a company code?

A.

Ledger group, for standard ledger type

B.

Ledger, for any type of ledger

C.

Ledger, forstandard ledger type

D.

Ledger group, for any type of ledger

What SAP S/4HANA deployment option will cause the least business disruption for the average SAP end user?

A.

Central finance

B.

On premise

C.

Private cloud

D.

Public cloud

Which technologies help you decrease data volume in the SAP HANA database?Note: There are 2 correct answers to this question.

A.

Indexing

B.

Storing

C.

Archiving

D.

Aging

What restrictions apply when a new currency is introduced for productive company codes and ledgers? Note: There are 2 correct answers to this question.

A.

Reconciliation for entities in asset accounting is NOT included.

B.

Archived data CANNOT be enriched with the new currency.

C.

New currency fields are NOT updated for existing data.

D.

Calculated values are NOT added to the ACDOCA.

What is the earliest point in time that the attributed profitability segments can be derived?

A.

When you assess the costs to margin analysis using the universal allocation

B.

When you run the top-down distribution in margin analysis

C.

When you settle the cost to margin analysis

D.

When you post the primary cost document to a WBS element

What does the Parallel Accounting Using G/L Accounts indicator in ledger configuration allow you to do?

A.

Assign 2 or more ledgers to 1 accounting principle

B.

Assign 2 or more accounting principles to 1 valuation area

C.

Assign 2 or more accounting principles to the non-leading ledger

D.

Assign 2 or more accounting principles to the leading ledger

A customer wants to analyze a G/L account, which is presenting asset acquisition value, on an investment order. What do you maintain in the G/L account master record to achieve this?Note: There are 2 correct answers to this question.

A.

Select the Record Account Assignment indicator.

B.

Enter value 90 in the cost element category field.

C.

Set the G/L account type to Primary Costs or Revenue.

D.

Define the G/L account as an asset reconciliation account.

What system configuration in your customer's current SAP ERP system will have a major effect on the duration and complexity of a system conversion to SAP S/4HANA?

A.

The system does NOT use material ledger for actual costing.

B.

The system uses classic asset accounting to manage fixed assets.

C.

The customer does NOT use business partners to manage customers and suppliers

D.

The customer uses the accounts approach for parallel accounting

You post an asset acquisition with a purchase order. How is the asset acquisition value posted?

A.

Valuated acquisition is posted at settlement

B.

Valuated acquisition is posted at invoice receipt.

C.

Non-valuated acquisition is posted at invoice receipt.

D.

Non-valuated acquisition is posted at goods receipt-

A fixed asset is to be posted in the new fiscal year. Which closing activity must be carried out for this?

A.

Depreciation for the new year must be recalculated (transaction AFAR).

B.

All depreciation (transaction AFAB) up to that point must be posted.

C.

Fiscal year change program must have been executed (transaction FAA_CMP).

D.

All APC values must have been posted using report "Periodic Asset Postings".

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

A.

Company code

B.

Client

C.

Operating concern

D.

Controlling area

On which levels can you assign semantic tags to a financial statement version in SAP Fiori?Note: There are 3 correct answers to this question.

A.

Financial statement item

B.

Functional area

C.

Business area

D.

G/L account

E.

Segment

In your system you have multiple standard ledgers .Which values can be posted to a single ledger? Note: There are 3 correct answers to this question.

A.

Accruals

B.

Currency valuation

C.

Taxes

D.

Depreciation

E.

Payments

A document can have up to 999999 line items in the universal journal (reporting or G/L view).How does this affect the entry view table

A.

It is still limited to 999 line items but you can configure summarization on certain criteria.

B.

It is automatically extended to 999999 line items.

C.

It is now a compatibility view without number restrictions.

D.

It is still limited to 999 line items but the system automatically splits the single entry into multiple documents as required

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Total 80 questions
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