Best Quality SAP P_S4FIN_1909 Exam Questions Actual4Dumps Realistic Practice Exams [2022]
Critical Information To SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 1909) Pass the First Time
SAP P_S4FIN_1909 Certification Exam Topics:
| Topic Areas | Topic Details, Courses, Books |
|---|---|
| System Preparation and Configuration for Conversion of Financials in SAP S/4HANA > 12% | Run pre-conversion tests, perform customer-vendor integration, customize FI (including asset accounting) and CO for conversion |
| Basics of SAP HANA, SAP S/4HANA and SAP Fiori < 8% | Explain the SAP HANA Architecture, the SAP S/4HANA solution and deployment, and SAP Fiori and the SAP UI strategy. |
| Management Accounting Configuration in SAP S/4HANA > 12% | Perform customizing for Management Accounting integration, configure and use the Material Ledger, explain integration of CO with materials management and integration of CO with sales and distribution, configure and use Profitability Analysis, and perform planning and budgeting for Management Accounting and period-end closing for Management Accounting. |
| Architecture Overview of Financials in SAP S/4HANA > 12% | Describe the technical components and architecture of financials in SAP S/4HANA, the Universal Journal Architecture, and analyse the Universal Journal Entry; outline the Simple Finance Solution. |
| Conversion and Post-conversion Activities for Financials in SAP S/4HANA > 12% | Prepare views and master data for conversion and the conversion of transactions, the conversion of balances, and the post-conversion activities. |
| Financial Accounting Configuration in SAP S/4HANA > 12% | Describe the new master data maintenance model and explain the changes to authorizations. Describe the enhancement to Ledgers with the Universal Journal; customize and use the Extension Ledger functionality; configure and Use Document Splitting; post documents to Financial Accounting; perform closing operations, and explain Financial Accounting integration. |
| Asset Accounting Configuration in SAP S/4HANA 8% - 12% | Outline the features of new Asset Accounting, compare the types of Asset Accounting (new, classic), configure new Asset Accounting, explain the new Asset Accounting posting logic, and perform day to day activities in new Asset Accounting and period end closing in new Asset Accounting. |
NEW QUESTION 17
What can you do in the extension ledgers configuration? Please choose the correct answer.
- A. You can manually create a new ledger group that contains an extension ledger.
- B. You can link an accounting principle to a ledger group that contains an extension ledger.
- C. You can assign a freely defined currency to an extension ledger.
- D. You can create an extension ledger for which the underlying ledger is an extension ledger.
Answer: B
NEW QUESTION 18
You create a G/L account and set the cost element category to 42 (assessment). In what table is the cost element category updated? Please choose the correct answer.
- A. CSKB: Cost Elements (Data Dependent on Controlling Area)
- B. SKB1: G/L Account Master (Company Code)
- C. SKA1: G/L Account Master (Chart of Accounts)
- D. CSKA: Cost Elements (Data Dependent on chart of Accounts)
Answer: A
NEW QUESTION 19
At which level do you define that a G/L account is a secondary cost account?
- A. Chart of accounts.
- B. Operating concern.
- C. Controlling area.
- D. Company code.
Answer: A
NEW QUESTION 20
In which sequence do you create the objects required for the SAP financial closing cockpit?
- A. Create task group
Create task lists
Create tasks
Release task lists - B. Define closing periods
Create task lists
Release task lists
Release closing periods - C. Define task levels
Create task group
Release task levels
Release task group - D. Create template
Create tasks
Create task lists
Release task lists
Answer: D
NEW QUESTION 21
Where can you view the cost of goods sold (COGS) postings per cost component in CO-PA? Note: There are 3 correct answers to this question.
- A. Moving average COGS in account-based CO-PA
- B. Actual COGS (based on material ledger) in cost-based CO-PA
- C. Actual COGS (based on actual costing) in account-based CO-PA
- D. Standard COGS in account-based CO
- E. Standard COGS in cost-based CO-PA
Answer: B,D,E
NEW QUESTION 22
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 forward. They want maintain a filly customizable solution without completely disrupting their current processes. Which SAP S/4HANA solution will you propose?
- A. Hybrid.
- B. On-premise.
- C. Private cloud.
- D. Public cloud.
Answer: B
NEW QUESTION 23
Which level does the cost element category get assigned on? Choose the correct answer.
- A. Controlling area
- B. Company code
- C. Chart of account
Answer: A
NEW QUESTION 24
What are your options for activating actual costing during the productive startup of the material ledger in S/4HANA?
- A. Actual costing is optional. If you do NOT activate it, you CANNOT activate it afterward.
- B. Actual costing is obligatory and is activated by default for selected valuation areas.
- C. Actual costing is obligatory and is activated by default for all valuation areas.
- D. Actual costing is optional. If you do NOT activate it, you can activate it later.
Answer: D
NEW QUESTION 25
What processes do you perform as part of liquidity management? Note: There are 3 correct answers to this question.
- A. Review credit standing
- B. Post credit memos
- C. Forecast balances
- D. Monitor cash flow
- E. Perform planning
Answer: C,D,E
NEW QUESTION 26
Before conversion to SAP S/4HANA, which activities must be completed in the SAP ERP system for Asset Accounting? There are 3 correct answers to this question.
- A. Define a technical clearing account for integrated acquisitions.
- B. Define depreciation areas for all currency types
- C. Close all fiscal years except the current one.
- D. Assign accounting principles to all depreciation areas
- E. Activate enterprise extension EA-FIN
Answer: B,C,E
NEW QUESTION 27
The screenshot displays how the depreciation areas of a chart of depreciation post, to the G/L By looking at the screenshot what can you learn about the company code and ledger configuration?
- A. There are two currency types assigned to the company code.
- B. There are no more than two ledger groups defined for the company code.
- C. There are two ledgers posted during transaction processing.
- D. There is one extension ledger assigned to the leading ledger.
Answer: B
NEW QUESTION 28
In which sequence do you create the objects required for the SAP financial closing cockpit?
- A. 1. Create template
2. Create tasks
3. Create task lists
4. Release task lists - B. 1. Define task levels
2. Create task group
3. Release task levels
4. Release task group - C. 1. Create task group
2. Create task lists
3 Create tasks
4. Release task lists - D. 1. Define closing periods
2. Create task lists
3. Release task lists
4. Release closing periods
Answer: A
NEW QUESTION 29
What is posted at the same time to both account-based and costing-based profitability analysis? There are 2 correct answer to this question.
- A. Incoming sales orders
- B. Actual revenue
- C. Standard cost of goods sold
- D. Actual cost of goods sold
Answer: B,D
NEW QUESTION 30
SAP S/4HANA can run on an SAP HANA database only. Determine whether this statement is true or false.
- A. False
- B. True
Answer: B
NEW QUESTION 31
Your customer is implementing a new installation of SAP S/4HANA.
Which of the following technical components must be installed?
- A. SAP Fiori for SAP S/4HANA.
- B. SAP S/4HANA, embedded Business Warehouse.
- C. SAP NetWeaver Application Server.
- D. SAP Business Planning and Consolidation for SAP S/4HANA.
Answer: C
NEW QUESTION 32
Which of the following are phases in SAP Activate? There are 3 correct answers to this question.
- A. Deploy
- B. Blueprint
- C. Explore
- D. Test
- E. Realize
Answer: A,C,E
NEW QUESTION 33
For which parameters can you define the minimum life to maintain documents in financial accounting for data aging? There are 2 correct answers to this question.
- A. Account type
- B. Document type.
- C. Document number.
- D. Ledger group
Answer: A,B
NEW QUESTION 34
Which values are stored in the universal journal (ACDOCA)? There are 2 correct answer to this question.
Response:
- A. Plan data
- B. Transfer prices
- C. Parallel currencies
- D. Actual costing results
Answer: B,C
NEW QUESTION 35
You are migrating from classic Asset Accounting to new Asset Accounting as part of your SAP S/4HANA migration. Yon have created an additional depreciation area for group currency under the chart of depredation.
What are the critical steps for fixed assets? Note: There are 3 correct answers to this question.
- A. Activate the new depreciation areas for the individual assets for the respective company codes.
- B. Update the depredation key for the new depreciation area.
- C. Activate the new depreciation areas for asset classes under the chart of depreciation.
- D. Manually recalculate depreciation for the new depreciation area.
- E. Update G/L accounts for the new depreciation area for the chart of depreciation.
Answer: C,D,E
NEW QUESTION 36
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.
- A. By running the monthly depreciation posting
- B. By entering manual corrective clearing transfer postings
- C. By running the periodic acquisition and production cost posting
- D. By maintaining the offset account in the asset account determination
Answer: D
NEW QUESTION 37
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?
- A. The accounts approach must be replaced because the ledger approach is the only valid option.
- B. There is no need to use such offset accounts anymore because of real-time postings.
- C. The extra offset account has to be used as in the classic Asset Accounting.
- D. The extra offset account is obsolete and will be replaced by the technical clearing account.
Answer: D
NEW QUESTION 38
What are the features of the multi-valuation ledger for parallel valuation methods in SAP S/4HANA? Note:
There are 2 correct answers to this question.
- A. It utilizes separate amount columns in the same ledger.
- B. It is available only for new installations.
- C. It will NOT have any valuation view assigned to the ledger.
- D. It requires a non-leading ledger for parallel valuations.
Answer: A,C
NEW QUESTION 39
What cost center planning process can write data directly to plan item table ACDOCP? Please choose the correct answer.
- A. Internal activity price calculation
- B. Formula planning with templates
- C. Manual planning of cost with workbook
- D. Manual planning of statistical key figures
Answer: C
NEW QUESTION 40
An asset is being acquired through integration with procurement. How is the asset acquisition value posted?
Please choose the correct answer.
- A. Non-valuated acquisition is posted at invoice receipt.
- B. Valuated acquisition is posted at invoice receipt.
- C. Non-Valuated acquisition is posted at goods receipt.
- D. Valuated acquisition is posted at settlement.
Answer: A
NEW QUESTION 41
Which data can be transferred to both account-based CO-PA and costing-based CO-PA? There are 2 correct answers to this question.
- A. Statistical sales conditions
- B. Split of cost of goods sold according to the cost component split
- C. Variances to work in process values
- D. Commitments
Answer: A,B
NEW QUESTION 42
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SAP P_S4FIN_1909 Exam Description:
The 'SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 1909)' certification exam validates a candidate's ability to independently prepare, setup and lead an implementation project of Financials in SAP S/4HANA. The candidate should have experience in implementing Financial Accounting and Management Accounting of at least 5 years. In addition, the candidate should understand the differences and innovations in architecture, configuration, and business process execution with SAP S/4HANA. Finally, the candidate will be able to perform all the preparation and execution steps of a project to convert an SAP ERP system to SAP S/4HANA. The core of the knowledge required for successfully passing the certification exam is in the SAP Education curriculum (course, course book including the notes), however the exam scope extends beyond what is explicitly within the content of the materials. In addition, the materials themselves assume an advanced level of familiarity with the implementation, configuration, and execution of SAP Finance business processes with the SAP ERP application. This certificate proves that the candidate has the overall understanding and skills required to be a qualified supervisor of the team performing the implementation of Financials in SAP S/4HANA. The candidate also has all required capabilities to act as an application consultant and team member himself/herself.
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