P_S4FIN_1610 Online Practice Questions and Answers

Why is it necessary to migrate balances for FI and CO?

Please choose the correct answer.

Response:

A. Because the system posts FI/CO documents for all missing line items by comparing them to the balance of the account

B. Because the system displays an error if the sum of aggregated line items differs from the balance C. Because all balances from the past years are stored in the universal journal

D. Because a delta between all line items and the balance of every account will be updated in the universal journal

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 processes do you perform as part of liquidity management?

Note: There are 3 correct answers to this question.

Response:

A. Review credit standing

B. Post credit memos

C. Monitor cash flow

D. Forecast balances

E. Perform planning

For which parameters can you define the minimum life to maintain documents in financial accounting for

data aging?

Note: There are 2 correct answers to this question.

Response:

A. Document type

B. Document number

C. Ledger group

D. Account type

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 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.

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 are the features of the mufti-valuation ledger for parallel valuation methods in SAP S/4HANA?

Note: There are 2 correct answers to this question.

Response:

A. It is available only for new installations.

B. It will NOT have any valuation view assigned to the ledger.

C. It requires a non-leading ledger for parallel valuations.

D. It utilizes separate amount columns in the same ledger.

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.