NEW 2024 Certification Sample Questions P_S4FIN_2021 Dumps & Practice Exam
P_S4FIN_2021 Deluxe Study Guide with Online Test Engine
SAP P-S4FIN-2021 certification exam is designed for professionals who have expertise in financials with SAP ERP and are looking to upgrade their skills to work with the SAP S/4HANA system. Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts certification exam is targeted towards financial experts who want to enhance their knowledge in financials with the latest technologies and techniques.
NEW QUESTION # 29
What does the Parallel Accounting Using G/ L Accounts indicator in ledger configuration allow you to do?
- A. Assign 2 ledgers to 1 company code
- B. Assign 2 or more ledgers to 1 accounting principle
- C. Assign 2 or more Accounting principles to 1 Ledger
- D. Assign 2 or more valuation areas to 1 company code
Answer: C
NEW QUESTION # 30
Which transactions generate a prima nota entry in the system in addition to the universal journal entry? Note: There are 2 correct answers to this question
- A. Post FI supplier invoice (FB60)
- B. Assessment cycle of cost centers (KSU5)
- C. Post time sheet data to Controlling (CAT7)
- D. Settlement of internal order (K088)
Answer: A,C
NEW QUESTION # 31
You perform planning in SAP Business Planning and Consolidation for SAP S/4HANA. Why do
you retract the plan data from SAP Business Planning and Consolidation for SAP SI4HANA and return it to the standard planning tables? Note: There are 2 correct
- A. To perform planning allocation
- B. To prepare for financial consolidation
- C. To perform availability
- D. To use standard SAP GUI plan/actual reporting
Answer: A,D
NEW QUESTION # 32
You are converting your system to SAP S/4HANA. In your system you have:
Three company codes assigned to a single controlling area Controlling area is assigned to fiscal year variant K4.
Two company codes assigned to fiscal year variant K2
One company code assigned to variant K3 During conversion to SAP S/4HANA, what do you need to change?
- A. Change all company codes to fiscal year variant K2
- B. Change all company codes and the controlling area to fiscal year variant K2
- C. Change the controlling area to fiscal year variant K3.
- D. Change all company codes to fiscal year variant K4
Answer: D
NEW QUESTION # 33
For which parameters can you define the minimum life to maintain documents in financial accounting for data aging? Note: There are 2 correct answers to this question.
- A. Ledger group
- B. Document type
- C. Document number
- D. Account type
Answer: B,D
NEW QUESTION # 34
Your customer wants to maintain the current customer and supplier account numbers even after migrating to business partners. The customer also wants to ensure the account numbers continue to be aligned after the conversion. What settings must be made to ensure this?
- A. Use external number ranges in the customer and supplier account groups for the conversion and switch to internal afterward
- B. Use external number ranges in the BP groupings for the conversion and switch to internal afterward
- C. Use internal number ranges in the customer and supplier account groups for the conversion and switch to external afterward
- D. Use internal number ranges in the BP groupings for the conversion and switch to external afterward
Answer: A
NEW QUESTION # 35
You convert a system from SAP ERP with classic G/L to SAP S/4HANA.
Which activities must you perform in the productive SAP S/4HANA system before the software is installed? There are 2 correct answers to this question.
- A. Activate new Asset Accounting.
- B. Start the RAPERB2000 asset report.
- C. Run balance sheet and G/L account balances reporting.
- D. Perform G/L customizing for migration.
Answer: B,C
NEW QUESTION # 36
In your company code, you report on profit center and segment level. You post a single invoice document for office supplies that has multiple expense line items per profit center. What document splitting process does the system use to assign the correct profit centers and segments to the bank account line item when you post a payment for the invoice?
- A. Passive document splitting
- B. Active document splitting
- C. Document splitting default account assignment
- D. Document splitting inheritance
Answer: B
NEW QUESTION # 37
In a first step, you create an account with account type "secondary cost element" and cost element category "42" in controlling area A000 and company code 1010. In a second step, you change this account to cost category "43" in company code 1750, which is assigned to the same controlling are a. What is the effect in the system when you save this account?
- A. The user is asked which categorywill be used in the future
- B. The cost element category is different in the two company codes
- C. The cost element category in the account is also changed for company code 1010
- D. This system brings up an error message and rejects the change
Answer: C
NEW QUESTION # 38
You want to configure an extension ledger. Which steps do you need to take? Note: There are 2 correct answers to this question.
- A. Specify allowed currency types for the extension ledger
- B. Select an underlying ledger for the extension ledger.
- C. Assign a fiscal year variant to the extension ledger
- D. Specify the document type for the extension ledger.
Answer: B,D
NEW QUESTION # 39
Which modules read and write line items of the universal journal (ACDOCA)?Note: There are 2 correct answers to this question.
- A. Account-based profitability analysis
- B. Cash management
- C. Actual costing
- D. Costing-based profitability analysis
Answer: A,B
NEW QUESTION # 40
You post an asset acquisition with a purchase order. How is the asset acquisition value posted?
- A. Non-valuated acquisition is posted at goods receipt-
- B. Valuated acquisition is posted at invoice receipt.
- C. Non-valuated acquisition is posted at invoice receipt.
- D. Valuated acquisition is posted at settlement
Answer: C
NEW QUESTION # 41
On what level can you assign a fiscal year variant to a company code?
- A. Ledger
- B. Accounting principle
- C. Depreciation area
- D. Valuation area
Answer: A
NEW QUESTION # 42
You your first sandbox migration and get a lot of errors. How are errors in an SAP S/4HANA migration handled? There are 2 correct answer to this question.
- A. Errors must be clarified and uncritical errors must be ignored
- B. All errors related to the close years can be ignored
- C. Critical errors must be resolver in the production system before Go-live
- D. All errors must be corrected during migration to complete it
Answer: C,D
NEW QUESTION # 43
Which processes create an artificial controlling document? 2 correct answers
- A. FI posting of primary costs to production order
- B. Internal activity allocation to sales order
- C. Stock material consumption on project
- D. Assessment from cost center to account based profitability analysis
Answer: A,D
NEW QUESTION # 44
You need to select the Apply Account Assignments Statistically in Fixed Asset Account/Material Account checkbox in a G/L account master record for an assert G/L account, but athese field is currently, NOT available.
What could be the reasons for this behavior? Note: There are 2 correct answers to this question.
- A. The G/L account is NOT maintained in the account determination of fixed asset accounting
- B. The G/L account is NOT maintained in the account determination for materials management.
- C. The G/L account is NOT a reconciliation account type for assets.
- D. The G/L account is NOT maintained in the account determination for real-time integration with UCO.
Answer: A,B
NEW QUESTION # 45
What data for asset accounting is stored in the universal journal?
- A. Acquisition and production cost values of all depreciation areas that are assigned to an accounting principle.
- B. Actual depreciation of all depreciation area that are set to post depreciation periodically
- C. Planned depreciations and revaluations of all depreciation areas that are set to post to the G/L
- D. Acquisition and production cost values of all depreciation areas that are defined as real depreciation areas.
Answer: B
NEW QUESTION # 46
In which cases can you use a transfer price for goods movement in parallel valuation? Note: There are 2 correct answers to this question.
- A. Between two accounting principles
- B. Between two company codes
- C. Between two profit centers
- D. Between two storage locations
Answer: B,C
NEW QUESTION # 47
Which of the following are key benefits of SAP S/4HANA? Note: There are 2 correct answers to this question.
- A. Choice of deployment
- B. Reduced throughput
- C. Reduced footprint
- D. Choice of database
Answer: A,C
NEW QUESTION # 48
You post a payment to a supplier invoice. In the universal journal table, you see that more line items are created than were visible in the document entry view. Which configuration may have caused the additional line items? Note: There are 2 correct answers to this question.
- A. An extension ledger
- B. The summarization in ACDOCA
- C. A non-leading ledger
- D. Zero balance indicator for profit center
Answer: A,B
NEW QUESTION # 49
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To become a certified application professional in financials in SAP S/4HANA, candidates must pass the SAP P-S4FIN-2021 certification exam. P_S4FIN_2021 exam is designed to test the knowledge and skills of professionals in financials, including financial accounting, management accounting, and financial supply chain management. P_S4FIN_2021 exam is designed to be challenging, but those who pass it will have demonstrated their proficiency in SAP S/4HANA financials and will be well-positioned to take on new challenges in their careers.
To take the SAP P_S4FIN_2021 exam, candidates should have a strong understanding of financial accounting principles and SAP S/4HANA financial management functionality. They should also have practical experience in implementing financial processes in SAP S/4HANA. P_S4FIN_2021 exam consists of 80 multiple-choice questions and has a time limit of 180 minutes. Candidates who pass the exam will receive the SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts certification, which is a valuable credential for finance professionals looking to advance their careers in SAP S/4HANA.
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