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Free and Premium SAP P_S4FIN_2021 Dumps Questions Answers

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SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts Questions and Answers

Question 1

You post an asset acquisition with a purchase order. How is the asset acquisition value posted?

Options:

A.

Valuated acquisition is posted at settlement

B.

Valuated acquisition is posted at invoice receipt.

C.

Non-valuated acquisition is posted at invoice receipt.

D.

Non-valuated acquisition is posted at goods receipt-

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Question 2

Your customer wants to convert their SAP ERP New G/L ledger solution to SAP S/4HANA.Which system configuration options are available for the customer after the conversion project is finalized? Note: There are 2 correct answers to this question.

Options:

A.

Implementation of real-time integration of controlling to financial accounting

B.

Implementation of chart of accounts conversion

C.

Implementation of an additional standard ledger for parallel accounting

D.

Implementation of document splitting

Question 3

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.

Options:

A.

Valuation areas (FI)

B.

Standard ledgers

C.

Document types

D.

Accounting principles

E.

Ledger groups

Question 4

What is the maximum number of currency types that you can report on for a ledger?

Options:

A.

3

B.

10

C.

12

D.

8

Question 5

You activate account-based CO-PA (Profitability Analysis) during migration. How is the system affected? Note: There are 3 correct answers to this question.

Options:

A.

Cost-based CO-PA can still be used in parallel.

B.

Characteristics will be added to the universal journal.

C.

Value fields will be added to the universal journal.

D.

Historical data will be enriched with characteristics by derivation

E.

Cost component split (COGS) can be configured in financial accounting.

Question 6

You carry forward balances for your company code and leading ledger to the new fiscal year 2022 and you get an error message related to asset accounting. What single action can resolve the error?

Options:

A.

Post revaluation and new valuation (transaction AR29N) forfiscal year 2021.

B.

Run the fiscal year change (transaction FAA_CMP) to close fiscal year 2020.

C.

Run "Calculate Depreciation" (transaction AFAR) forfiscal year 2022.

D.

Post all depreciation (transaction AFAB) for the fiscal year 2021

Question 7

What must you create before you can record commitments in the universal journal?

Options:

A.

Extension ledger

B.

Tolerance profile

C.

Statistical cost elements

D.

Document type

Question 8

Your customer currently uses classic G/L and asks what new functionalities can be implemented during an SAP standard conversion to SAP S/4HANA.What functionality can you activate?

Options:

A.

Additional parallel currency

B.

Document splitting

C.

Margin analysis

D.

Additional standard ledger

Question 9

Which technologies help you decrease data volume in the SAP HANA database?Note: There are 2 correct answers to this question.

Options:

A.

Indexing

B.

Storing

C.

Archiving

D.

Aging

Question 10

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.

Options:

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

Question 11

You want to sell products from stock. What do you need to maintain before you can analyze the cost of goods sold (COGS) subdivided by cost components in account-based CO-PA? Note: There are 2 correct answers to this question

Options:

A.

A cost splitting profile in general ledger accounting

B.

A settlement profile to control the settlement of cost portions

C.

A collection of primary cost elements to receive the cost portions

D.

An extension ledger with type "Line items with technical numbers"

Question 12

Which object acts as a data source for Cash Management (Cash Flow Analyzer) in SAP S/4HANA?

Options:

A.

Memo records

B.

Payment methods

C.

Record types

D.

Payment terms

Exam Detail
Vendor: SAP
Certification: SAP Certified Application Professional
Exam Code: P_S4FIN_2021
Exam Name: SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts
Last Update: Dec 26, 2024
P_S4FIN_2021 Question Answers
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Total 80 questions
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