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

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P_S4FIN_2023 Questions and Answers

Question # 1

What does the Parallel Accounting Using G/L Accounts indicator in ledger configuration allow you to do?


Assign 2 or more ledgers to 1 accounting principle


Assign 2 or more accounting principles to 1 valuation area


Assign 2 or more accounting principles to the non-leading ledger


Assign 2 or more accounting principles to the leading ledger

Question # 2

What system configuration in your customer's current SAP ERP system will have a major effect on the duration and complexity of a system conversion to SAP S/4HANA?


The system does NOT use material ledger for actual costing.


The system uses classic asset accounting to manage fixed assets.


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


The customer uses the accounts approach for parallel accounting

Question # 3

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?


Define two valuation methods and assign the accounting principles to the new valuation methods


Define a valuation area and an accounting principle with relevant links to ledgers.


Define two valuation areas and two accounting principles with relevant links to ledgers.


Define a valuation area and ledger group for two ledgers to link with the new valuation area

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