Latest [Oct 09, 2023] SAP P-S4FIN-2021 Real Exam Dumps PDF
P-S4FIN-2021 Practice Test Questions Updated 82 Questions
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 storage locations
- B. Between two profit centers
- C. Between two accounting principles
- D. Between two company codes
Answer: B,D
NEW QUESTION # 47
During SAP S/4HANA conversion, why is it necessary to migrate balances for FI and CO? Please choose the correct answer.
- A. Because all balances from the past years are stored in the universal journal
- B. Because the system posts FI/CO documents for all missing line items by comparing them to the - balance of the account
- C. Because the system displays an error if the sum of aggregated line items differs from the balance
- D. Because a delta between all line items and the balance of every account will be updated in the universal journal
Answer: D
NEW QUESTION # 48
Which of the following is a prerequisite to activate takeover values between depreciation areas?
- A. Takeover values are possible across all depreciation areas.
- B. Only one depreciation area per chart of depreciation is assigned 00.
- C. Depreciation areas must be assigned to the same accounting principles
- D. Takeover values are no longer supported in SAP S/4HANA.
Answer: A
NEW QUESTION # 49
You maintain a launchpad for users who are assigned to the Z_MANACC role. What do you need to do to make an app available for the users?
- A. Assign the app directly to the Z_MANACC role and add the app to a catalog.
- B. Assign the app directly to the Z_MANACC role and add the app to a group.
- C. Add the app to a group that is assigned to the Z_MANACC role
- D. Add the app to a catalog that is assigned to the Z_MANACC role.
Answer: D
NEW QUESTION # 50
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? Note: There are 2 correct answers to this question
- A. Use internal number ranges in the BP groupings after the conversion
- B. Use internal number ranges in the customer and supplier account groups after the conversion
- C. Use external number ranges in the BP groupings for the conversion.
- D. Use external number ranges in the customer and supplier account groups for the conversion.
Answer: B,D
NEW QUESTION # 51
The screenshot displays how the depreciation areas of a chart of depreciation post, to the G/L By looking at the screenshot what can you learn about the company code and ledger configuration?
- A. There are two currency types assigned to the company code.
- B. There is one extension ledger assigned to the leading ledger.
- C. There are two ledgers posted during transaction processing.
- D. There are no more than two ledger groups defined for the company code
Answer: D
NEW QUESTION # 52
You perform an SAP S/4HANA migration. Some of the company codes were NOT used for years and the data posted to these company codes is no longer legally equied. How do you handle these company codes?
- A. Migrate all company codes you selected in customizing.
- B. Migrate all company codes flagged as productive.
- C. Migrate all company codes of the client.
- D. Archive all data from unused company codes.
Answer: C
NEW QUESTION # 53
Which object acts as a data source for Cash Management (Cash Flow Analyzer) in SAP S/4HANA?
- A. Record types
- B. Payment terms
- C. Payment methods
- D. Memo records
Answer: C
NEW QUESTION # 54
How can you set up multiple valuations for transfer pricing in your SAP S/4HANA system? Note: There are 2 correct answers to this question.
- A. You can assign additional valuations to the extension ledgers.
- B. You can assign additional valuations to separate accounts.
- C. You can assign profit center, group, and legal valuations to the same ledger.
- D. You can assign each valuation to a separate ledger.
Answer: C,D
NEW QUESTION # 55
What is the earliest point in time that the attributed profitability segments can be derived?
- A. When you run the top-down distribution in margin analysis
- B. When you assess the costs to margin analysis using the universal allocation
- C. When you settle the cost to margin analysis
- D. When you post the primary cost document to a WBS element
Answer: D
NEW QUESTION # 56
Which modules read and write line items of the universal journal (ACDOCA)? There are 2 correct answers to this question
- A. Cash Management
- B. Actual costing
- C. Account based Profitability-Analysis
- D. Costing-based profitability analysis
Answer: C,D
NEW QUESTION # 57
A document can have up to 999999 line items in the universal journal (reposing or G/L view). How does this affect the entry view (table BSEG)?
- A. It is extended to 999999 line items
- B. The system splits the single entry into multiple documents as required
- C. The entry view is also based on the universal journal
- D. It is limited to 999 items
Answer: D
NEW QUESTION # 58
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?
- A. Run the fiscal year change (transaction FAA_CMP) to close fiscal year 2020.
- B. Run "Calculate Depreciation" (transaction AFAR) forfiscal year 2022.
- C. Post revaluation and new valuation (transaction AR29N) forfiscal year 2021.
- D. Post all depreciation (transaction AFAB) for the fiscal year 2021
Answer: A
NEW QUESTION # 59
What can you do when you use Account Basis for cost of goods sold (COGS) split in SAP S/4HANA 1809?
Note: There are 2 correct answers to this question.
- A. Enable COGS split for sales processes posted to internal orders and projects.
- B. Enable COGS split on the basis of the main cost component structure and auxiliary cost component structure.
- C. Enable COGS split for stock transfers and point-of-sale transactions.
- D. Enable COGS split for postings made on the source account through internal processes in Financials and Controlling.
Answer: C,D
NEW QUESTION # 60
Which of the following options in SAP S/4HANA 1809 is only possible in costing-based CO-PA and NOT in account-based CO-PA?
- A. Sales order entry postings.
- B. Manual postings.
- C. Production variance split per variance category.
- D. Cost of goods sold (COGS) split per cost component.
Answer: B
NEW QUESTION # 61
Which ledger-specific configuration can you maintain at company code level? Note: There are 2 correct answers to this question.
- A. The fiscal year variant for the standard ledger
- B. The financial statement version for both types of ledgers
- C. The posting period variant for the extension ledger
- D. The valuation view for the extension ledger
Answer: A,C
NEW QUESTION # 62
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 in the account is also changed for company code 1010
- C. The cost element category is different in the two company codes
- D. This system brings up an error message and rejects the change
Answer: B
NEW QUESTION # 63
You want to sell products from stock.
What do you need to maintain before you can analyse the cost of goods sold (COGS) subdivided By cost component in account-base (COPA).
NOTE: There are 2 correct answers to this question
- A. An extension ledger with type" line items with technical numbers
- B. A collection of primary cost elements to receive the cost portions
- C. A cost splitting profile in general ledger accounting
- D. A settlement profile to control the settlement of cost portions
Answer: B,C
NEW QUESTION # 64
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. Fiscal year change program must have been executed (transaction FAA_CMP).
- C. All APC values must have been posted using report "Periodic Asset Postings".
- D. All depreciation (transaction AFAB) up to that point must be posted.
Answer: B
NEW QUESTION # 65
You post a payment to a supplier invoice. In the universal journal table, you see more line items are created than were visible in the document entry view. Which configuration may have caused the additional line items? There are 2 correct answer to this question.
- A. A non-leading ledger
- B. Zero balance Indicator for profit center
- C. An additional accounting principle
- D. An extension ledger
Answer: C,D
NEW QUESTION # 66
What does an administrator need to do in the SAP Fiori Gateway server in order to launch a native SAP Fiori application from the SAP Fiori Launchpad? Note: There are 2 correct answers to this question.
- A. Assign the SAP Fiori tile catalog to a role relevant for the user.
- B. Activate the OData service relevant for the app.
- C. Assign the SAP Fiori tile group to a role relevant for the user.
- D. Activate the SAP Screen Personas flavor for the app.
Answer: A,B
NEW QUESTION # 67
What are possible post-migration activities for SAP S/4HANA migration projects? Note: There are 2 correct answers to this question
- A. Fill offsetting accounts in financial documents
- B. Transfer archived documents into ACDOCA
- C. Update the open items through data aging
- D. Calculate the net due date and discount due dates for open items
Answer: A,D
NEW QUESTION # 68
Which objects do you need to configure in SAP S/4HANA after a conversion from classic G/L to SAP S/4HANA? Note: There are 2 correct answers to this question.
- A. Valuation area
- B. Currency type
- C. Accounting principle
- D. Document type
Answer: A,C
NEW QUESTION # 69
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SAP P-S4FIN-2021 certification exam is an excellent opportunity for finance professionals to validate their skills and enhance their career prospects. Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts certification demonstrates your proficiency in using SAP S/4HANA for financial operations and can help you stand out in a competitive job market. If you’re interested in taking the SAP P-S4FIN-2021 exam, it’s recommended to prepare thoroughly and take advantage of the available resources, such as training courses and practice exams.
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