P_S4FIN_1610 Online Practice Questions and Answers

Which of the following are phases in SAP Activate? Note: There are 3 correct answers to this question. Response:

A. Blueprint

B. Realize

C. Deploy

D. Test

E. Explore

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.

You are using SAP S/4HANA with account-based profitability analysis. For which objects can you activate derivation of profitability characteristics for G/L line items, without profitability segment'?

Response:

A. Fixed assets

B. Materials

C. Suppliers

D. Production orders

In which sequence do you create the objects required for the SAP financial closing cockpit? Response:

A. 1. Create task group

2. Create task lists 3 Create tasks

4. Release task lists

B. 1. Create template

2.

Create tasks

3.

Create task lists

4.

Release task lists

C. 1. Define closing periods

2.

Create task lists

3.

Release task lists

4.

Release closing periods

D. 1. Define task levels

2.

Create task group

3.

Release task levels

4.

Release task group

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

Which technology supports adoption of the SAP HANA architecture? Response:

A. Fast and reliable solid-state disks

B. Smartphone devices

C. Multi-core, multi-thread central processing units.

D. High-speed, long-range wireless network protocols.

What customizing option is available during the conversion project of an SAP ERP system with classic G? L to SAP S/4HANA 1709?

Response:

A. Introduce document splitting

B. Replace the accounts approach with the ledger approach.

C. Add an extension ledger.

D. Implement a new currency type.

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.

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.

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