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SAP Exam P_S4FIN_2023 Topic 5 Question 8 Discussion

Actual exam question for SAP's P_S4FIN_2023 exam
Question #: 8
Topic #: 5
[All P_S4FIN_2023 Questions]

You are performing a system conversion for a customer that uses classic G/L with the accounts approach. What must you configure in SAP S/4HANA for local and international accounting standards in order to migrate the account values in an S/4HANA standard conversion project?Note: There are 3 correct answers to this question.

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Suggested Answer: A, B

by Wendell at Jul 16, 2024, 02:35 AM

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Lisha
3 months ago
I wonder if the customer uses the 'Accounts Approach' because they're old-school accountants who still use abacuses. Gotta love that classic charm!
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Joye
3 months ago
I'm just glad it's not a multiple-choice question with 10 options. That would be like trying to find a needle in a haystack. This is more like a scavenger hunt, and I'm ready to get hunting!
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Virgie
3 months ago
Wait, what about the international accounting standards? I bet that's going to be the tricky part. Better brush up on my IFRS knowledge before the exam!
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Dorinda
2 months ago
D) Accounting principles
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Mammie
2 months ago
B) Standard ledgers
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Thad
2 months ago
A) Valuation areas (FI)
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Florinda
3 months ago
Hmm, I was thinking document types and ledger groups too. Gotta make sure all the data fits into the new system properly. This is going to be a careful balancing act.
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Suzi
2 months ago
User 3: Agreed, it's important to consider all the necessary configurations for a successful migration.
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Wilbert
2 months ago
User 2: Yes, that's correct. We can't forget about valuation areas as well.
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Claudio
3 months ago
User 1: I think we also need to configure standard ledgers for the migration.
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Sherell
4 months ago
Okay, let's see. Valuation areas, standard ledgers, and accounting principles. Sounds like we need to set up the financial reporting structure to handle the conversion. Easy peasy!
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Delsie
3 months ago
D) Accounting principles
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Thurman
3 months ago
B) Standard ledgers
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Geoffrey
3 months ago
A) Valuation areas (FI)
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Iluminada
4 months ago
I believe valuation areas are also important for migrating the account values in S/4HANA.
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Carry
4 months ago
I agree with Magda. We also need to configure accounting principles for the migration.
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Magda
4 months ago
I think we need to configure standard ledgers for local and international accounting standards.
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