Learn, Practice, and Improve with SAP P_S4FIN_2023 Practice Test Questions

  • 30 Questions
  • Updated on: 13-Jan-2026
  • SAP Certified Professional - SAP S/4HANA Cloud Private Edition, Financials for SAP ERP
  • Valid Worldwide
  • 2300+ Prepared
  • 4.9/5.0

Stop guessing and start knowing. This SAP P_S4FIN_2023 practice test pinpoints exactly where your knowledge stands. Identify weak areas, validate strengths, and focus your preparation on topics that truly impact your SAP exam score. Targeted SAP Certified Professional - SAP S/4HANA Cloud Private Edition, Financials for SAP ERP practice questions helps you walk into the exam confident and fully prepared.


A fixed asset is to be posted in the new fiscal year. Which closing activity must be carried out for this?

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".

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

You want to create a balance sheet and profit & loss statement on segment level. Which steps do you need to take in the system? Note: There are 2 correct answers to this question.

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.   Set the zero balance indicator.
C.   Define a clearing account.

In an SAP S/4HANA system, which of the following features is mandatory?

A. Material ledger

B. Parallel ledgers

C. Actual costing

D. Margin analysis

A.   Material ledger

Which fields do you maintain when defining the source ledger for migration of balances? Note: There are 2 correct answers to this question.

A. Source table

B. Period

C. Company code

D. Year

C.   Company code
D.   Year

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?

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

B.   The system uses classic asset accounting to manage fixed assets.

A customer wants to analyze a G/L account, which is presenting asset acquisition value, on an investment order. What do you maintain in the G/L account master record to achieve this? Note: There are 2 correct answers to this question.

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.   Select the Record Account Assignment indicator.
D.   Define the G/L account as an asset reconciliation account.

Which ledger-specific configuration can you maintain at company code level? Note: There are 2 correct answers to this question.

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

B.   The fiscal year variant for the standard ledger
D.   The posting period variant for the extension ledger

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