SAP SAP Certified Application Professional P_S4FIN_1610 Questions & Answers

• Question 1:

  For which account assignments can you perform realignment in the universal journal?

  Note: There are 2 correct answers to this question.

  Response:

  A. Profit center

  B. Functional area

  C. Sales region

  D. Customer group

  Correct Answer: CD

• Question 2:

  Which of the following are key benefits of SAP S/4HANA? Note: There are 2 correct answers to this question. Response:

  A. Reduced throughput

  B. Reduced footprint

  C. Choice of deployment

  D. Choice of database

  Correct Answer: BC

• Question 3:

  Your customer uses SAP ERP on any database with EHP 8, classic G/L with accounts approach, and

  more than 10 years' worth of data.

  What can you do in separate projects before the SAP S/4HANA converson to reduce the complexity of

  your conversion project?

  Note: There are 2 correct answers to this question.

  Response:

  A. Launch customer-vendor integration for the business partner.

  B. Adopt new Asset Accounting.

  C. Implement an archiving project.

  D. Create a backup.

  Correct Answer: CD

• Question 4:

  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

  Correct Answer: B

• Question 5:

  Which object do you enter in controlling transactions to update a specific valuation in the universal journal? Response:

  A. Ledger

  B. Ledger group

  C. Valuation area

  D. Accounting principle

  Correct Answer: B

• Question 6:

  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  B. The extra offset account is obsolete and will be replaced by the technical clearing account.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.

  Correct Answer: B

• Question 7:

  What are planning level and planning group used for in SAP Cash Management?

  Note: There are 2 correct answers to this question.

  Response:

  A. - Planning level is used to differentiate between strategic, business, and operational plan.

  -Planning group is used to group assets by order of liquidity: petty cash, bank, AR/AP, investments, etc.

  B. - Planning group is used to group customers and vendors to enable accurate forecast.

  -Planning level is used to control displays in SAP Cash Management and to differentiate between noted item, purchase order, bank account, etc.

  C. - Planning level is used in the company code data of the business partner to control accounts receivable and accounts payable in SAP Cash Management.

  -Planning group is used in the G/L account data to enable the liquidity forecast.

  D. Planning level and planning group are used in the configuration of the grouping structure, which enables you to group bank and subledger accounts together in the cash position or the liquidity forecast.

  Correct Answer: BD

• Question 8:

  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.

  Correct Answer: AD

• Question 9:

  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

  Correct Answer: BC

• Question 10:

  A business user entered the wrong password too many times and is locked out of the SAP Fiori

  launchpad.

  Where must the administrator unlock this user?

  Response:

  A. SAP Fiori launchpad designer

  B. Front-end SAP Gateway server

  C. SAP Smart Business

  D. SAP S/4HANA back end

  Correct Answer: B