[Oct-2022] SAP P_S4FIN_2021 Exam Practice Test Questions - DumpsActual
Updated Certification Exam P_S4FIN_2021 Dumps - Practice Test Questions
SAP P_S4FIN_2021 Certification Exam Topics:
| Topic Areas | Topic Details, Courses, Books |
|---|---|
| Basics of SAP HANA, SAP S/4HANA and SAP Fiori < 8% | Explain the SAP HANA Architecture, the SAP S/4HANA solution and deployment, and SAP Fiori and the SAP UI strategy. |
| System Preparation and Configuration for Conversion of Financials in SAP S/4HANA > 12% | Run pre-conversion tests, perform customer-vendor integration, customize FI (including asset accounting) and CO for conversion |
| Asset Accounting Configuration in SAP S/4HANA 8% - 12% | Outline the features of new Asset Accounting, compare the types of Asset Accounting (new, classic), configure new Asset Accounting, explain the new Asset Accounting posting logic, and perform day to day activities in new Asset Accounting and period end closing in new Asset Accounting. |
| Conversion and Post-conversion Activities for Financials in SAP S/4HANA > 12% | Prepare views and master data for conversion and the conversion of transactions, the conversion of balances, and the post-conversion activities. |
NEW QUESTION 66
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. Perform G/L customizing for migration.
- B. Start the RAPERB2000 asset report.
- C. Run balance sheet and G/L account balances reporting.
- D. Activate new Asset Accounting.
Answer: B,C
NEW QUESTION 67
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 cost element category in the account is also changed for company code 1010
- B. The cost element category is different in the two company codes
- C. This system brings up an error message and rejects the change
- D. The user is asked which categorywill be used in the future
Answer: A
NEW QUESTION 68
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. A settlement profile to control the settlement of cost portions
- B. A collection of primary cost elements to receive the cost portions
- C. An extension ledger with type" line items with technical numbers
- D. A cost splitting profile in general ledger accounting
Answer: B,D
NEW QUESTION 69
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 revenue
- B. Standard cost of goods sold
- C. Actual cost component splits of goods sold
- D. Incoming sales orders
Answer: A,C
NEW QUESTION 70
Which of the following front-end clients can you NOT use in the standard system for SAP Business Planning and Consolidation for SAP S/4HANA Finance? Please choose the correct answer.
- A. SAP Fiori
- B. SAP Business Client
- C. SAP GUI
- D. SAP BusinessObjects Analysis for Microsoft Office
Answer: C
NEW QUESTION 71
Which object do you enter in controlling transactions to update a specific valuation in the universal journal?
- A. Accounting principle
- B. Ledger group
- C. Ledger
- D. Valuation area
Answer: B
NEW QUESTION 72
What are possible post-migration activities for SAP S/4HANA migration projects? Note: There are 2 correct answers to this question
- A. Calculate the net due date and discount due dates for open items
- B. Update the open items through data aging
- C. Transfer archived documents into ACDOCA
- D. Fill offsetting accounts in financial documents
Answer: A,D
NEW QUESTION 73
What open period is checked by the third interval of the Open Posting Periods variant in financial accounting?
- A. Postings to special periods
- B. Postings with a special authorization group
- C. Postings to FI Subledgers
- D. Postings from CO to FI
Answer: D
NEW QUESTION 74
In your company code, you report on profit centre and segment level. You post a single invoice. What document splitting process does the system use to assign the correct profit centres and
- A. Passive document splitting
- B. Document splitting inheritance
- C. Default account assignment
- D. Active document splitting
Answer: D
NEW QUESTION 75
What are the improvements to new cash pooling? There are 2 correct answers to this question.
- A. The balance before concentration and the simulated balance after the concentration can be compared.
- B. Different payment methods for payment requests can be specified in different paying company codes.
- C. The business user can define "expected amount" and "minimal movement amount" for every bank account without configuration.
- D. You can set deficit and excess tolerances. If the balance is between the tolerances, no transfer is made
Answer: A,C
NEW QUESTION 76
You want to configure an extension ledger. Which steps do you need to take? 2 correct answers
- A. Specify the document types for the Extension Ledger
- B. Specify currency types for the Extension Ledger
- C. Select an underlying ledger for the Extension Ledger
- D. Assign a Fiscal Year variant to the Extension Ledger
Answer: B,C
NEW QUESTION 77
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.
- A. Depreciation area
- B. Ledger group
- C. Accounting principle
- D. Transaction type
Answer: B,C
NEW QUESTION 78
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. Manual postings.
- C. Sales order entry postings.
- D. Cost of goods sold (COGS) split per cost component.
Answer: B
NEW QUESTION 79
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 for materials management.
- B. The G/L account is NOT maintained in the account determination for real-time integration with UCO.
- 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 of fixed asset accounting
Answer: A,D
NEW QUESTION 80
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 group currency of the controlling area was defined as a parallel currency - in the company code.
- B. Before the migration, the company code did NOT have any parallel currencies defined.
- C. The controlling area linked to the company code was defined with currency type 20
- D. Before the migration, the company code was NOT linked to a controlling area
Answer: B,C
NEW QUESTION 81
What data for asset accounting is stored in the universal journal?
- A. Planned depreciations and revaluations of all depreciation areas that are set to post to the G/L
- B. Acquisition and production cost values of all depreciation areas that are defined as real depreciation areas.
- C. Acquisition and production cost values of all depreciation areas that are assigned to an accounting principle.
- D. Actual depreciation of all depreciation area that are set to post depreciation periodically
Answer: D
NEW QUESTION 82
Which values are stored in the universal journal (ACDOCA)? There are 2 correct answer to this question.
- A. Actual costing results
- B. Plan data
- C. Transfer Prices
- D. Parallel currencies
Answer: C,D
NEW QUESTION 83
Which objects do you migrate from SAP ERP to SAP S/4HANA? Note: There are 3 correct answers to this question.
- A. House banks for new Bank Account Management.
- B. Accounting documents of financial accounting and controlling
- C. Master data such as assets and profit centers.
- D. Balances of accounts, customers, and vendors.
- E. Data of costing-based profitability analysis
Answer: A,B,D
NEW QUESTION 84
You are migrating from classic Asset Accounting to new Asset Accounting as part of your SAP S/4HANA migration. Yon have created an additional depreciation area for group currency under the chart of depredation. What are the critical steps for fixed assets? Note: There are 3 correct answers to this question.
- A. Activate the new depreciation areas for the individual assets for the respective company codes.
- B. Activate the new depreciation areas for asset classes under the chart of depreciation.
- C. Update the depredation key for the new depreciation area.
- D. Update G/L accounts for the new depreciation area for the chart of depreciation.
- E. Manually recalculate depreciation for the new depreciation area.
Answer: B,D,E
NEW QUESTION 85
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. All errors related to the close years can be ignored
- B. All errors must be corrected during migration to complete it
- C. Critical errors must be resolver in the production system before Go-live
- D. Errors must be clarified and uncritical errors must be ignored
Answer: B,C
NEW QUESTION 86
You use document splitting and post an incoming invoice via a cost center to segment A.
You then use the Manual Reposting 01 Costa (KB11N) transaction to Repost the expense to segment B.
What happens to the segment assigned to the supplier line item in the original invoice posting?
- A. The open item is assigned to segment B through reclassification at month end.
- B. The open item remains on segment A.
- C. The open item is assigned to segment B automatically with the CO reposting.
- D. The open item is assigned to segment B when the invoice is paid.
Answer: B
NEW QUESTION 87
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. You use the accounts approach to parallel valuation and all accounting principles are assigned to a single ledger
- C. One of the underlying ledgers is assigned to a fiscal year variant that has a different start/end date than the other ledgers.
- D. The US GAAP values need to be reported in USG-but-the company code currency is defined as L1 EUR.
Answer: A
NEW QUESTION 88
What happens during the migration activity Regenerate CDS Views and Field Mapping? Note: There are 2 correct answers to this question.
- A. The redirection of SELECT statements is generated.
- B. The customer-specific fields are included in the data migration procedure.
- C. The OData services for SAP Fiori integration are activated.
- D. The field mapping for the customer and vendor integration is created.
Answer: A,B
NEW QUESTION 89
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P_S4FIN_2021 Exam Certification Details:
| Duration: | 180 mins |
| Exam: | 80 questions |
| Sample Questions: | SAP P_S4FIN_2021 Exam Sample Question |
| Languages: | German, English |
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