P_S4FIN_2023 Practice Exam Questions and Answers

A.  

Depreciation for the new year must be recalculated (transaction AFAR).

B.  

All depreciation (transaction AFAB) up to that point must be posted.

C.  

Fiscal year change program must have been executed (transaction FAA_CMP).

D.  

All APC values must have been posted using report "Periodic Asset Postings".

A.  

Set the zero balance indicator.

B.  

Define a PA transfer structure.

C.  

Define a clearing account.

D.  

Assign a segment to all G/L accounts

A.  

Material ledger

B.  

Parallel ledgers

C.  

Actual costing

D.  

Margin analysis

A.  

Source table

B.  

Period

C.  

Company code

D.  

Year

A.  

The system does NOT use material ledger for actual costing.

B.  

The system uses classic asset accounting to manage fixed assets.

C.  

The customer does NOT use business partners to manage customers and suppliers

D.  

The customer uses the accounts approach for parallel accounting

A.  

Select the Record Account Assignment indicator.

B.  

Enter value 90 in the cost element category field.

C.  

Set the G/L account type to Primary Costs or Revenue.

D.  

Define the G/L account as an asset reconciliation account.

A.  

The financial statement version for both types of ledgers

B.  

The fiscal year variant for the standard ledger

C.  

The valuation view for the extension ledger

D.  

The posting period variant for the extension ledger

A.  

It is still limited to 999 line items but you can configure summarization on certain criteria.

B.  

It is automatically extended to 999999 line items.

C.  

It is now a compatibility view without number restrictions.

D.  

It is still limited to 999 line items but the system automatically splits the single entry into multiple documents as required

A.  

Top down distribution in margin analysis

B.  

FI posting of primary costs to production order

C.  

Stock material consumption on project

D.  

Internal activity allocation to sales order

A.  

Select an underlying ledger for the extension ledger.

B.  

Specify allowed currency types for the extension ledger

C.  

Specify the document type for the extension ledger.

D.  

Assign a fiscal year variant to the extension ledger