Try Free 2022 SAP P_S4FIN_2021 Exam Questions and Answers

test2022-06-06T08:47:30+00:00

Want to pass SAP P_S4FIN_2021 exam? SAP Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021) certification exam validates a candidate’s ability to independently prepare, setup and lead an implementation project of Financials in SAP S/4HANA. P_S4FIN_2021 dumps contain real exam questions and answers to be your good study materials for completing P_S4FIN_2021 exam successfully. The P_S4FIN_2021 Exam Questions and Answers are checked out by the top team of FreeTestShaare so you are able to effortlessly clear your P_S4FIN_2021 Exam.

You can use the following P_S4FIN_2021 practice questions to determine your level of preparation.

Page 1 of 5

1. Which information will be migrated automatically during an SAP S/4HANA finance migration? There are 3 correct answers to this question.

Account balances

Authorizations

General ledger customizing

Material ledger customizing

Business partners customizing

2. What is the purpose of the retraction workbook? Please choose the correct answer.

Retract planning data from ERP to BW

Retract planning data from BW to ERP

Retract planning data from BPC to ERP

Retract planning data from ERP to BPC

3. A customer is currently running SAP ERP and wants to transition to a new implementation of SAP S/4HANA 1809. Yea are required to provide them with a solution that enable them transition to SAP S/4 HANA Customer specific enhancements.

Which of the following tools will help leverage the transition process?

Software Update Manager

SAP S/4HANA migration cockpit

SAP Transformation navigator

SAP Readiness check for sap S/4 HANA

4. You compare the ACDOCA and BSEG tables and find that some Fl documents are NOT stored in the BSEG table.

Which of the following financial accounting transactions creates entries only in the ACDOCA table?

Post vendor invoice

Execute profit-center allocation

Depreciation run

Cash journal posting

5. The classic Asset Accounting posts acquisitions and retirements for a second accounting principle to an extra offset account in the account approach.

How is this handled in new Asset Accounting using an accounts approach in SAP S/4HANA?

There is no need to use such offset accounts anymore because of real-time postings

The extra offset account has to be used as in the classic Asset Accounting

The accounts approach must be replaced because the ledger approach is the only valid option

The extra offset account is obsolete and will be replaced by the technical clearing account

6. Which reports are included with SAP S/4HANA, embedded analytics? There are 2 correct answer to this question.

SAP Lumira reports

SAP Analysis for Microsoft Office reports

Multidimensional reports

Analytical List Page reports

7. A customer wants to store alternative values of a foreign currency valuation in an extension ledger.

What extension ledger type is needed for this purpose? Please choose the correct answer.

Valuation

Extension

Prediction and commitments

Simulation

8. You carry forward balances for your company code and leading ledger to the new fiscal year 2021 and year What could resolve the error?

Run "calculate depreciation" (transition AFAR) for fiscal year 2021

Post revaluation and new valuation (transition AR29N) for fiscal year 2020

Run the fiscal year change (transition FAA_CMP) to close fiscal year 2019

Post all depreciation (transaction AFAB) for the fiscal year 2020

9. How data is converted during an SAP S/4HANA standard conversions?

All company codes with all data of all years

All company codes for the years you specify

Only company codes and years selected in the customizing for migration

Only company codes flagged as productive with all years

10. 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

Set the G/L account type to Non-operating Expenses or income

Enter value 90in the cost element category field

Define the G/L account as an asset reconciliation account

Select the Record Account Assignment indicator

Page 2 of 5

11. What must you do before a Go Live migration in the productive client can be set to Complete in customizing? Note: There are 2 correct answers to this question.

Get approval of business department and project management.

Apply small-scale live postings of the day-to-day business to check the system

Finalize the before-and-after comparison of the financial reports with the business department

Transfer application indexes using data aging

12. What are the key components of the intelligent enterprise by SAP? There are 3 correct answers to this question

Intelligent Suite

Digital Platform

Seamless integration

Hybrid cloud

Intelligent Technologies

13. Which reports are included with SAP S/4HANA, embedded analytics? There are 2 correct answer to this question

SAP Analysis for Microsoft Office reports

Analytical list page reports

Multidimensional reports

SAP Lumira reports

14. Which characteristics of the ACDOCP planning table distinguish it from most other SAP S/4HANA tables?

Note: There are 2 correct answers to this question

ACDOCP derives data from ACDOC

ACDOCP is an isolated table.

ACDOCP is a table with delta mechanism.

ACDOCP is a cluster table.

15. How can you set up multiple valuations for transfer pricing in your SAP S/4HANA system? There are 2 correct answer to this question.

You can assign each valuation to a separate ledger

You can assign profit center, group and legal valuation to the same ledger

You can assign additional valuation to special led er(FI-SL).

You can assign additional valuation to the extension ledger

16. Which of the following are available methods of valuation for depreciation areas? There are 3 correct answer to this question.

Calculate different values in a depreciation area for a specific purpose

Define how asset values post for accounting principles.

Calculate additional values for acquisition and product cost.

Define how posting values and depreciation terms can be transferred to other areas

Define show values, but do NOT post any values to the G/L accounts.

17. 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?

Sales order entry postings.

Manual postings.

Cost of goods sold (COGS) split per cost component.

Production variance split per variance category.

18. You want to configure an extension ledger.

Which steps do you need to take? 2 correct answers

Select an underlying ledger for the Extension Ledger

Assign a Fiscal Year variant to the Extension Ledger

Specify the document types for the Extension Ledger

Specify currency types for the Extension Ledger

19. 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 a these field is currently, NOT available.

What could be the reasons for this behavior? Note: There are 2 correct answers to this question.

The G/L account is NOT maintained in the account determination of fixed asset accounting

The G/L account is NOT maintained in the account determination for materials management.

The G/L account is NOT a reconciliation account type for assets.

The G/L account is NOT maintained in the account determination for real-time integration with UC

20. You want to refine the settings for splitting variance categories into G/L accounts in an SAP S/4HANA 1809 system with account-based CO-PA.

Which prerequisites must be met? Note: There are 2 correct answers to this question.

You have set up accounts for transaction key BSX and GBB in the MM account determination.

You have executed the variance calculation in CO-P

You have defined a settlement profile that allows the settlement of variances for your order type

You have defined a PA transfer structure for settlement.

Page 3 of 5

21. On which levels can you assign different technical clearing accounts for integrated acquisition in asset accounting. NOTE: There are 2 correct answers to this question

Chart of accounts

Transaction code

Account determination

Company code

22. Before conversion to SAP S/4HANA, which activities must be completed in the SAP ERP system for Asset Accounting? There are 3 correct answers to this question.

Close all fiscal years except the current one

Define depreciation area for all currency types

Activate Enterprise Extension EA-FIN

Define a technical clearing account for integrated acquisitions

Assign accounting principle to all depreciation areas

23. 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

To use standard SAP GUI plan/actual reporting

To perform planning allocation

To prepare for financial consolidation

To perform availability

24. Your customer uses SAP ERP on any database with EHP 8, classic G/L with accounts approach, and more than 10 years' worth of data.

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.

Launch customer-vendor integration for the business partner.

Implement an archiving project.

Adopt new Asset Accounting.

Create a backup.

25. For which Cases Can you Use SAP Product Lifecycle Costing? There are 2 correct answer to this question

Standard price cost estimates

Preliminary cost estimates

Quotation costing

Sales order cost estimates

26. What can you do in the Cockpit view of SAP Product Lifecycle Costing?

Receive an overview of the available master data

Manage calculation versions.

View the costing structure.

Define global settings for currencies and units of measure.

27. What can you assign in a depreciation area in SAP S/4HANA Finance asset accounting?

Parallel ledger

An accounting principle

Ledger group

Clearing account

28. What does the Parallel Accounting Using G/ L Accounts indicator in ledger configuration allow you to do?

Assign 2 ledgers to 1 company code

Assign 2 or more Accounting principles to 1 Ledger

Assign 2 or more ledgers to 1 accounting principle

Assign 2 or more valuation areas to 1 company code

29. Which values are stored in the universal journal (ACDOCA)? There are 2 correct answer to this question.

Parallel currencies

Actual costing results

Transfer Prices

Plan data

30. What must always be activated after the installation of SAP S/4HANA?

Transfer prices

Credit management

Material ledger

Profit center accounting

Page 4 of 5

31. Which modules remain unchanged after the migration to SAP S/4HANA? Note: There are 3 correct answers to this question.

Special purpose ledger

Classic profit center accounting

Account-based CO-PA

Liquidity planning

Costing-based CO-PA

32. What are the improvements to new cash pooling? There are 2 correct answers to this question.

The business user can define "expected amount" and "minimal movement amount" for every bank account without configuration.

The balance before concentration and the simulated balance after the concentration can be compared.

You can set deficit and excess tolerances. If the balance is between the tolerances, no transfer is made

Different payment methods for payment requests can be specified in different paying company codes.

33. What function of cash management allows you to create historical versions of cash flows? Please choose the correct answer.

Release cash flows

Snapshot

Reconcile cash flows

Cash pooling

34. The customers and suppliers balances of the previous year are carried forward to the new year, but you did NOT run the SAPF010 program (Carry Forward Receivables/Payables) manually in accounts receivable or accounts payable.

How was the customer and supplier balance carried forward? Please choose the correct answer.

L3 Because balance carryforward was performed for the leading ledger in general ledger

Because balance carryforward was performed automatically due to postings to the subledgers in the new year

Because balance carryforward was performed automatically when closing the previous year

Because balance carryforward was carried out by the Reconcile Universal Journal Entry transaction since the reconciliation displayed NO error

35. What is required to enable the payment approval process in cash operations? There are 3 correct answers to this question.

Create rule to require signature

Create scenario without approval

Define a grouping method for the rule you defined

Create a rule for approvals

Define signature methods for approvals

36. 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.

Ledger group

Account type

Document type

Document number

37. Which of the following are phases in SAP Activate? Note: There are 3 correct answers to this question.

Test

Realize

Blueprint

Deploy

Explore

38. 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.

Run balance sheet and G/L account balances reporting.

Start the RAPERB2000 asset report.

Perform G/L customizing for migration.

Activate new Asset Accounting.

39. 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?

You use the accounts approach to parallel valuation and all accounting principles are assigned to a single ledger

The US GAAP values need to be reported in USG-but-the company code currency is defined as L1 EU

One of the underlying ledgers is assigned to a fiscal year variant that has a different start/end date than the other ledgers.

You assign transfer of APC values only from depreciation areas to which the same accounting principle is assigned.

40. Your customer is implementing a new installation of SAP S/4HANA.

Which of the following technical components must be installed?

SAP Business Planning and Consolidation for SAP S/4HANA

SAP S/4HANA, embedded Business Warehouse

SAP NetWeaver Application Server

SAP Fiori for SAP S/4HANA

Page 5 of 5

41. What can you do in the extension ledgers configuration? Please choose the correct answer.

You can assign a freely defined currency to an extension ledger.

You can manually create a new ledger group that contains an extension ledger.

You can create an extension ledger for which the underlying ledger is an extension ledger.

You can link an accounting principle to a ledger group that contains an extension ledger.

42. What happens during the migration activity Regenerate CDS Views and Field Mapping? Note: There are 2 correct answers to this question.

The customer-specific fields are included in the data migration procedure.

The redirection of SELECT statements is generated.

The OData services for SAP Fiori integration are activated.

The field mapping for the customer and vendor integration is created.

43. You define an additional extension ledger.

What type of ledger can you assign as underlying ledger?

Standard ledger

Material ledger

Special ledger

Reconciliation ledger

44. Cost of goods sold (COGS) split functionality is available in account-based CO-PA.

Which settings are necessary? Note: There are 2 correct answers to this question.

Operating concern currency must be determined.

Characteristic values and characteristic groups must be maintained

The corresponding cost elements must exist in the chart of accounts.

Cost elements must be mapped to cost components

45. You want to post intercompany asset transfer only for IFRS.

Which objects can you specify in the transfer posting to achieve this? Note: There are 2 correct answers to this question.

Accounting principle

Transaction type

Depreciation area

Ledger group

46. How do you compensate for the technical clearing account NOT balancing in all accounting principles with the accounts approach for parallel valuation? Please choose the correct answer.

By running the periodic acquisition and production cost posting

By maintaining the offset account in the asset account determination

By running the monthly depreciation posting

By entering manual corrective clearing transfer postings

Try Free 2022 SAP P_S4FIN_2021 Exam Questions and Answers

Try Free 2022 SAP P_S4FIN_2021 Exam Questions and Answers

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