P_S4FIN_1610 Online Practice Questions and Answers

How can financial data be stored in the SAP S/4HANA system tables?

Note: There are 2 correct answers to this question. Response:

A. There can be a line item in BSEG without a corresponding document in BKPF.

B. There can be a line item in ACDOCA without a corresponding line item in BSEG.

C. There can be a line item in ACDOCA without a corresponding line item in BKPF.

D. There can be a line item added in BSEG without a corresponding line item in ACDOCA.

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

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

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

What do you manage within cash operations of SAP Cash Management?

Note: There are 2 correct answers to this question.

Response:

A. Bank risk analysis and risk mitigation

B. Hedging and hedging contracts

C. Credit limits for customer accounts

D. Daily cash position, deficits, and surpluses

You need to select the Apply Account Assignments Statistically in Fixed Asset Account/Material Account checkbox in a G/L account master record for an assert G/L account, but thise field is currently, NOT available.

What could be the reasons for this behavior? Note: There are 2 correct answers to this question. Response:

A. The G/L account is NOT a reconciliation account type for assets.

B. The G/L account is NOT maintained in the account determination of fixed asset accounting.

C. The G/L account is NOT maintained in the account determination for materials management.

D. The G/L account is NOT maintained in the account determination for real-time integration with CO.

In your SAP S/4HANA system, ledger group L1 is assigned to a US GAAP accounting principle. You want to assign ledger group to the L1 to a separate depreciation areas that posts acquisition and production cost APC) and depreciation values.

Which of the following limitations prevent you from making assignment?

Response:

A. The US GAAP values need to be reported in USG-but-the company code currency is defined as EUR.

B. One of the underlying ledgers is assigned to a fiscal year variant that has a different start/end date than the other ledgers.

C. You assign transfer of APC values only from depreciation areas to which the same accounting principle is assigned.

D. You use the accounts approach to parallel valuation and all accounting principles are assigned to a single ledger.

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)

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

You are migrating from classic Asset Accounting to new Asset Accounting as part of your SAP S/4HANA migration. Yon have created an additional depreciation area for group currency under the chart of depredation.

What are the critical steps for fixed assets?

Note: There are 3 correct answers to this question.

Response:

A. Update G/L accounts for the new depreciation area for the chart of depreciation.

B. Update the depredation key for the new depreciation area.

C. Manually recalculate depreciation for the new depreciation area.

D. Activate the new depreciation areas for asset classes under the chart of depreciation.

E. Activate the new depreciation areas for the individual assets for the respective company codes.

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.

Which of the following roles are delivered as business partner roles?

Note: There are 3 correct answers to this question

Response:

A. Bank accounts

B. Banks

C. Suppliers

D. Employees

E. Distribution channels

What can you do in the extension ledgers configuration?

Please choose the correct answer.

Response:

A. You can manually create a new ledger group that contains an extension ledger.

B. You can assign a freely defined currency to an extension ledger.

C. You can link an accounting principle to a ledger group that contains an extension ledger.

D. You can create an extension ledger for which the underlying ledger is an extension ledger.

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

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.