Free Access to SAP.P_S4FIN_2021.v2022-08-22.q64 with Valid Practice Test (Page 12)

Question 51

What function of cash management allows you to create historical versions of cash flows? Please choose the correct answer.

A.Cash pooling
B.Reconcile cash flows
C.Release cash flows
D.Snapshot

Question 52

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.There is no need to use such offset accounts anymore because of real-time postings
B.The extra offset account has to be used as in the classic Asset Accounting
C.The accounts approach must be replaced because the ledger approach is the only valid option
D.The extra offset account is obsolete and will be replaced by the technical clearing account

Question 53

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 will NOT have any valuation view assigned to the ledger.
C.It requires a non-leading ledger for parallel valuations.
D.It is available only for new installations.

Question 54

You want to configure an extension ledger. Which steps do you need to take? 2 correct answers

A.Specify currency types for the Extension Ledger
B.Assign a Fiscal Year variant to the Extension Ledger
C.Specify the document types for the Extension Ledger
D.Select an underlying ledger for the Extension Ledger

Question 55

You extend the coding block in the universal journal with a custom field. Which components can use this new field without requiring further customization? Note: There are 2 correct answers to this question.

A.General ledger accounting
B.Costing-based CO-PA
C.Classic profit center accounting.
D.Account-based CO-PA

Question 51

Question 52

Question 53

Question 54

Question 55

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