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SAP Certified Professional - SAP S/4HANA Cloud Private Edition, Financials for SAP ERP Sample Questions (Q59-Q64):

NEW QUESTION # 59
You run foreign currency valuation for both local and international GAAP. This leads to different values for the two different accounting principles. How can you set this up in the system?

A. Define two valuation methods and assign the accounting principles to the new valuation methods
B. Define a valuation area and ledger group for two ledgers to link with the new valuation area
C. Define two valuation areas and two accounting principles with relevant links to ledgers.
D. Define a valuation area and an accounting principle with relevant links to ledgers.

Answer: C

NEW QUESTION # 60
You are converting your system to SAP S/4HANA. In your system, you have:Three company codes assigned to a single controlling area. Controlling area is assigned to fiscal year variant Y4. 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 and the controlling area to fiscal year variant K2.
C. Change all company codes to fiscal year variant K2.
D. Change all company codes to fiscal year variant K4.

Answer: D

Explanation:
System Preparation and Configuration for Conversion of Financials in SAP S/4HANA

NEW QUESTION # 61
Which type of extension ledger do you set up to record incoming sales orders for account-based profitability analysis?

A. Standard journal entries
B. Journal entries for valuation differences
C. Line items with technical numbers/ deletion possible
D. Line items with technical numbers/ no deletion possible

Answer: D

NEW QUESTION # 62
Your customer has an SAP ERP system with classic G/L accounting and wants to convert directly to SAP S/4HANA as soon as possible during the current fiscal year via standard conversion. Which limitations apply in SAP S/4HANA? Note: There are 3 correct answers to this question.

A. You must define valuation areas for foreign currency valuation.
B. You must configure profit center and segment accounting.
C. You must continue to use Special Purpose Ledger for preparation for consolidation.
D. You must use the accounts approach to parallel valuation.
E. You cannot configure and activate document splitting during conversion.

Answer: B,C,E

NEW QUESTION # 63
Which reports are included with SAP S/4HANA, embedded analytics? Note: There are 2 correct answers to this question.

A. SAP Analysis for Microsoft Office reports
B. SAP Analytics Cloud reports
C. Multidimensional reports
D. Analytical List Page reports

Answer: C,D

Explanation:
Architecture Overview of Financials in SAP S/4HANA

NEW QUESTION # 64
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High-quality P_S4FIN_2023 Relevant Answers Provide Prefect Assistance in P_S4FIN_2023 Preparation

Quiz SAP - Efficient P_S4FIN_2023 - SAP Certified Professional - SAP S/4HANA Cloud Private Edition, Financials for SAP ERP Relevant Answers

SAP Certified Professional - SAP S/4HANA Cloud Private Edition, Financials for SAP ERP Sample Questions (Q59-Q64):

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