P_S4FIN_1610 Online Practice Questions and Answers

What can you do in the Cockpit view of SAP Product Lifecycle Costing? Response:

A. View the costing structure.

B. Define global settings for currencies and units of measure.

C. Receive an overview of the available master data.

D. Manage calculation versions.

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

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 define an additional extension ledger. What type of ledger can you assign as underlying ledger? Response:

A. Material ledger

B. Reconciliation ledger

C. Special ledger

D. Standard ledger

Which characteristics of the ACDOCP planning table distinguish it from most other SAP S/4HANA tables?

Note: There are 2 correct answers to this question.

Response:

A. ACDOCP is a table with delta mechanism.

B. ACDOCP is an isolated table.

C. ACDOCP derives data from ACDOCA.

D. ACDOCP is a cluster table.

Your customer wants a new ERP solution and is looking at the SAP S/4HANA software. The customer has a skilled in-house IT team that they want to upskill and keep moving the forwoard. They want maintain a filly customizable solution without completely disrupting their current processes.

Which SAP S/4HANA solution will you propose?

Response:

A. Private cloud

B. On-premise

C. Hybrid

D. Public cloud

Your company code is configured with three depreciation areas that post in real time The company is configured to update company code and group currency types.

How many documents are posted when you post a partial scrapping for a single depreciation area?

Response:

A. 1

B. 2

C. 3

D. 4

What are the benefits of the new depreciation posting run in Asset Accounting? Note: There are 2 correct answers to this question.

Response:

A. You NO longer need to select reasons for the posting run.

B. You can select a single target ledger group for an accounting principle.

C. The online test run can be performed without any master data restrictions.

D. The posting run can be performed even if there are errors on individual assets.

You want to post intercompany asset transfer only for IFRS. Which objects can you specify in the transfer

posting to achieve this?

Note: There are 2 correct answers to this question.

Response:

A. Depreciation area

B. Accounting principle

C. Transaction type

D. Ledger group

Which step is automatically performed in Asset Accounting when you perform the year-end balance carryforward?

Response:

A. A) The year-end closing (program RAJABS00) is executed and the previous fiscal year is closed.

B. The depreciation run (program FAA_DEPRECIATION_POST) for period 12 of the fiscal year is triggered.

C. The depreciation for the new year is calculated and maintained per asset in table FAAT_PLAN VALUES

D. The plan/actual variance is calculated for the annual capital expense reporting on statistical cost elements (type 90).

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.

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.

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

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