82 Exam Questions for P-S4FIN-2021 Updated Versions With Test Engine
Pass P-S4FIN-2021 Exam with Updated P-S4FIN-2021 Exam Dumps PDF 2023
SAP P_S4FIN_2021 certification exam is designed to test the skills and knowledge of SAP ERP finance experts who want to demonstrate their proficiency in Financials in SAP S/4HANA. Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts certification is intended for professionals who have a deep understanding of financial accounting, management accounting, and financial supply chain management in SAP S/4HANA. P-S4FIN-2021 exam is a rigorous test of both theoretical and practical knowledge, covering a wide range of topics that are essential for success in financial management.
NEW QUESTION # 47
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? There are 2 correct answers to this question
- A. Define the G/L account as an asset reconciliation account
- B. Enter value 90in the cost element category field
- C. Select the Record Account Assignment indicator
- D. Set the G/L account type to Non-operating Expenses or income
Answer: A,C
NEW QUESTION # 48
Which of the following are phases in SAP Activate? Note: There are 3 correct answers to this question.
- A. Test
- B. Deploy
- C. Explore
- D. Realize
- E. Blueprint
Answer: B,C,D
NEW QUESTION # 49
In your SAP S/4HANA system, ledger group LI is assigned to a US GAAP accounting principle. You want to assign ledger group to the LI to a separate depreciation areas that posts acquisition and production cost APC) and depreciation values. Which of the following limitations prevent you from making assignment?
- A. You assign transfer of APC values only from depreciation areas to which the same accounting principle is assigned.
- B. The US GAAP values need to be reported in USG-but-the company code currency is defined as L1 EUR.
- C. You use the accounts approach to parallel valuation and all accounting principles are assigned to a single ledger
- D. One of the underlying ledgers is assigned to a fiscal year variant that has a different start/end date than the other ledgers.
Answer: A
NEW QUESTION # 50
Which of the following roles are delivered as business partner roles? Note: There are 3 correct answers to this question
- A. Employees
- B. Distribution channels
- C. Suppliers
- D. Bank accounts
- E. Banks
Answer: A,C,E
NEW QUESTION # 51
You want to set up a multi-level gross margin report in profitability analysis (CO-PA). What do you customize to reopen the fixed and variable values separately? 2 correct questions
- A. Costing-based CO-PA: assign different value fields (assignment of different value fields in necessary)
- B. Costing-based CO-PA: no specific customizing is necessary
- C. Account-based CO-PA:assign different accounts(assignment of different accounts is necessary)
- D. Account-based CO-PA: no specific customizing is necessary
Answer: A,C
NEW QUESTION # 52
Your customer uses SAP ERP on any database with EHP 8, classic G/L with accounts approach, and more than 10 years' worth of dat a. What can you do in separate projects before the SAP S/4HANA conversion to reduce the complexity of your conversion project? Note: There are 2 correct answers to this question.
- A. Launch customer-vendor integration for the business partner.
- B. Create a backup.
- C. Adopt new Asset Accounting.
- D. Implement an archiving project.
Answer: B,D
NEW QUESTION # 53
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. Production variance split per variance category.
- B. Cost of goods sold (COGS) split per cost component.
- C. Manual postings.
- D. Sales order entry postings.
Answer: C
NEW QUESTION # 54
Which of the following components are obsolete are require migration activities during a Statistical There are 3 correct answers to this question.
- A. Classic credit management
- B. Accrual engine
- C. Cash Management
- D. Costing based CO- PA
- E. Special purpose ledger
Answer: A,C,E
NEW QUESTION # 55
What is an advantage of selecting the multi-tenant edition of SAP S/4HANA Cloud instead of an On-premise SAP S/4HANA solution?
- A. Cloud platform compatibility
- B. Support for all industries
- C. Fuller integration to external systems
- D. Faster innovation cycles
Answer: D
NEW QUESTION # 56
On what level can you assign a fiscal year variant to a company code?
- A. Depreciation area
- B. Valuation area
- C. Ledger
- D. Accounting principle
Answer: C
NEW QUESTION # 57
Before conversion to SAP S/4HANA, which activities must be completed in the SAP ERP system for Asset Accounting? Note: There are 3 correct answers to this question.
- A. Define depreciation areas for all currency types.
- B. Assign accounting principles to all depreciation areas
- C. Activate enterprise extension EA-FIN.
- D. Close all fiscal years except the current one.
- E. Define a technical clearing account for integrated acquisitions
Answer: A,C,D
NEW QUESTION # 58
Which of the following are key benefits of SAP S/4HANA? Note: There are 2 correct answers to this question.
- A. Choice of database
- B. Choice of deployment
- C. Reduced throughput
- D. Reduced footprint
Answer: B,D
NEW QUESTION # 59
What restrictions apply when a new currency is introduced for productive company codes and ledgers? Note: There are 2 correct answers to this question.
- A. Calculated values are NOT added to the ACDOCA.
- B. Reconciliation for entities in asset accounting is NOT included.
- C. New currency fields are NOT updated for existing data.
- D. Archived data CANNOT be enriched with the new currency.
Answer: B,D
NEW QUESTION # 60
Which modules read and write line items of the universal journal (ACDOCA)?Note: There are 2 correct answers to this question.
- A. Actual costing
- B. Costing-based profitability analysis
- C. Cash management
- D. Account-based profitability analysis
Answer: C,D
NEW QUESTION # 61
What do you configure to automatically create a vendor when you create a business partner?Note: There are 2 correct answers to this question.
- A. The partner functions for vendors
- B. Business partner relationships
- C. The customer/vendor integration interface
- D. The business partner grouping key
Answer: C,D
NEW QUESTION # 62
What models are required to support advanced planning for embedded BPC? There are 2 correct answers to this question.
- A. Consolidation model
- B. Exchange Rate model
- C. Ownership model
- D. Source model
Answer: B,D
NEW QUESTION # 63
What are the consequences in an SAP ERP system when activating the business function EA-FIN to support conversion to SAP S/4HANA?
- A. Period posting (ASKB) became obsolete.
- B. Parallel ledgers are available.
- C. New depreciation engine is used.
- D. New asset accounting is activated.
Answer: D
NEW QUESTION # 64
Your customer has created a custom ABAP report in an SAP ERP system based on totalstable GLTO.How is this totals table treated in SAP S/4HANA to safeguard custom ABAP reporting programs?
- A. The table GLTO has been removed but its content has been added to table ACDOCA thanks to accompatibility view.
- B. The table GLTO has been archived but its content has been added to table ACDOCA thanks to a compatibility view.
- C. The table GLTO has been removed and replaced by a compatibility view.
- D. The table GLTO has been kept but a compatibility view has been generated to read its content.
Answer: C
NEW QUESTION # 65
After the migration to SAP S/4HANA 1809, you notice in the currency configuration of the company code that the global currency has the "Currency Is Only Available In Controlling" indicator. What might be the cause of this?
- A. Before the migration, the company code was NOT linked to a controlling area
- B. Before the migration, the group currency of the controlling area was defined as a parallel currency - in the company code.
- C. Before the migration, the company code did NOT have any parallel currencies defined.
- D. The controlling area linked to the company code was defined with currency type 20
Answer: C,D
NEW QUESTION # 66
Which processes create an artificial controlling document? 2 correct answers
- A. Stock material consumption on project
- B. FI posting of primary costs to production order
- C. Internal activity allocation to sales order
- D. Assessment from cost center to account based profitability analysis
Answer: B,D
NEW QUESTION # 67
Where do you assign the customer and vendor account groups when preparing for integration with the business partner (BP)? Note: There are 2 correct answers to this question.
- A. BP category
- B. BP role
- C. BP role group
- D. BP grouping
Answer: B,D
NEW QUESTION # 68
In your system. You are creating a new company code that requires as additional standard ledger. Which statements apply to a standard ledger? There are 2 correct answer to this question
- A. It must be assigned to underlying ledger
- B. If asset accounting is used depreciation area must be assigned
- C. It is always active on the system level for all company codes
- D. It will generate additional line items in ACDOCA for non-ledger-specific postings
Answer: B,D
NEW QUESTION # 69
You have integrated SAP Cash Application on the SAP Cloud Platform with your SAP S/4HANA system.
Which process does SAP Cash Application help you with?
- A. Bank statement processing
- B. Cash journal logging
- C. Monitoring bank risk
- D. Cash flow reporting
Answer: D
NEW QUESTION # 70
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. Run balance sheet and G/L account balances reporting.
- B. Perform G/L customizing for migration.
- C. Activate new Asset Accounting.
- D. Start the RAPERB2000 asset report.
Answer: A,D
NEW QUESTION # 71
What is posted at the same time to both account-based and costing-based profitability analysis? There are 2 correct answer to this question
- A. Actual cost component splits of goods sold
- B. Incoming sales orders
- C. Actual revenue
- D. Standard cost of goods sold
Answer: A,C
NEW QUESTION # 72
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