NEW 2023 Certification Sample Questions P-S4FIN-2021 Dumps & Practice Exam
P-S4FIN-2021 Deluxe Study Guide with Online Test Engine
To become a certified application professional in financials in SAP S/4HANA, candidates must pass the SAP P-S4FIN-2021 certification exam. P-S4FIN-2021 exam is designed to test the knowledge and skills of professionals in financials, including financial accounting, management accounting, and financial supply chain management. P-S4FIN-2021 exam is designed to be challenging, but those who pass it will have demonstrated their proficiency in SAP S/4HANA financials and will be well-positioned to take on new challenges in their careers.
NEW QUESTION # 12
What are the parameters to define different technical clearing accounts for integrated acquisition in new asset counting? There are 2 correct answer to this question.
- A. Chart of accounts
- B. Chart of depreciation
- C. Account determination
- D. Company code
Answer: A,C
NEW QUESTION # 13
What is One Exposure from Operations?
- A. It is a central data storage location that integrates data from Treasury and Risk Management, Cash and Liquidity Management Contract Accounting, and Financial Operations.
- B. it is a standalone SAP NetWeaver system that handles Cash Operations integration.
- C. It is an SAP Fiori app that shows all the exposures of the company to foreign currency risk and interest risk.
- D. It is an ABAP report that shows the risk if the liquidity of the company will NOT meet short-term LJ financial demands with the current business Operation.
Answer: A
NEW QUESTION # 14
You notice alpha-numeric document numbers in the Universal journal that do not have a separate document header stored in the BKPF table. Which activities may lead to alpha- numeric document numbers? There are 2 correct answer to this question
- A. Cross company code postings
- B. Corrections due to migrations
- C. Settlement of investment orders
- D. balance carry forward
Answer: B,D
NEW QUESTION # 15
What function is delivered with business function EA-FIN to support SAP S/4HANA?
- A. Parallel depreciation areas
- B. New Depreciation Engine
- C. Special valuations
- D. Parallel ledgers
Answer: B
NEW QUESTION # 16
Which object acts as a data source for cash management (cash flow analyser) in SAP S/4HANA?
- A. Value fields
- B. Memo Records
- C. Bank fees
- D. Statistical key figure
Answer: B
NEW QUESTION # 17
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. 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
Answer: B
NEW QUESTION # 18
What are some features of actual costing in SAP S/4 HANA? There are 2 correct answer to this question
- A. Selection of activity prices of other CO-versions in the standard run
- B. Reduced number of steps in the calculation cockpit
- C. Simplified data structure with new table structure
- D. Possibility of post-closing in the alternative valuation run (AVR)
Answer: B,C
NEW QUESTION # 19
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. Account-based profitability analysis
- C. Costing-based profitability analysis
- D. Cash management
Answer: B,D
NEW QUESTION # 20
You want to post values of the incoming sales order to both account-based CO-PA and Costing based CO-PA.
What do you need to maintain?
NOTE: There are 3 correct answers to this question
- A. Activate the transfer of incoming sales orders
- B. Creative statistical cost elements for cost and revenues of incoming sales orders
- C. Activate the indicator for incoming sales orders in the attributes view of the operating concerns
- D. Setup an extension ledger with type "line items with technical numbers"
- E. Activate predictive accounting for incoming sales orders
Answer: A,B,E
NEW QUESTION # 21
You need to create a new user-defined characteristic in account based CO-PA and must ensure that is part of the universal journal entry. Which actions do you have to perform? Note: There are 2 correct answers to this question
- A. Generate the operating concern.
- B. Maintain the proper derivation rules in transaction KEDR.
- C. Activate the CO-PA append structure in ACDOCA
- D. Create the user-defined characteristic and add it to the operating concern
Answer: A,D
NEW QUESTION # 22
What are the key components of the intelligent enterprise by SAP? There are 3 correct answers to this question
- A. Hybrid cloud
- B. Intelligent Technologies
- C. Digital Platform
- D. Seamless integration
- E. Intelligent Suite
Answer: B,C,E
NEW QUESTION # 23
An asset is being acquired through integration with procurement. How is the asset aquisition value posted?
- A. Non-Valuated acquisition is posted at invoice receipt
- B. Non-Valuated acquisition is posted at goods receipt
- C. Valuated acquisition is posted at invoice receipt
- D. Valuated acquisition is posted at settlement
Answer: A
NEW QUESTION # 24
You create a G/L account and set the cost element category to 42 (assessment). In what table is the cost element category updated? Please choose the correct answer
- A. SKA1: G/L Account Master (Chart of Accounts)
- B. CSKB: Cost Elements (Data Dependent on Controlling Area)
- C. SKB1: G/L Account Master (Company Code)
- D. CSKA: Cost Elements (Data Dependent on chart of Accounts)
Answer: B
NEW QUESTION # 25
What must you create before you can record commitments in the universal journal?
- A. Statistical cost elements
- B. Tolerance profile
- C. Document type
- D. Extension ledger
Answer: D
NEW QUESTION # 26
Which values are stored in the universal journal (ACDOCA)? There are 2 correct answer to this question.
- A. Plan data
- B. Transfer Prices
- C. Parallel currencies
- D. Actual costing results
Answer: B,C
NEW QUESTION # 27
You select the configuration option Set Migration to complete in the conversion of Accounting to SAP S/4HANA.
What does this mean?
There are 3 correct answers to this question
- A. All error messages have been accepted
- B. Customizing is consistent
- C. Migration for logistics can begin
- D. All views are generated successfully
- E. The previous year can be reopened
Answer: A,B,D
NEW QUESTION # 28
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.
- A. Implementation of chart of accounts conversion
- B. Implementation of an additional standard ledger for parallel accounting
- C. Implementation of real-time integration of controlling to financial accounting
- D. Implementation of document splitting
Answer: B,D
NEW QUESTION # 29
If a customer decides to deploy SAP S/4HANA Cloud instead of SAP S/4HANA on premise, what distinct benefits will the customer gain? Note: There are 3 correct answers to this question
- A. Seamless adoption of the existing processes
- B. Automatic updates every 3 months
- C. Higher degree of customization
- D. Personalization through self-service configuration
- E. Faster initial implementation
Answer: A,B,E
NEW QUESTION # 30
What are the improvements to new cash pooling? There are 2 correct answers to this question.
- A. Different payment methods for payment requests can be specified in different paying company codes.
- B. The balance before concentration and the simulated balance after the concentration can be compared.
- 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: B,C
NEW QUESTION # 31
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 postings made on the source account through internal processes in Financials and Controlling.
- D. Enable COGS split for stock transfers and point-of-sale transactions.
Answer: C,D
NEW QUESTION # 32
In what system is it required to perform all system conversion steps to identify and solve conversion errors?
- A. Sandbox
- B. Production
- C. Quality Assurance
- D. Development
Answer: C
NEW QUESTION # 33
Which three separates accounting principles. You post an acquisition for an asset that is capitalized in a single accounting principle. If you use the application for posting integrated asset acquisitions, how many documents will the system post?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: D
NEW QUESTION # 34
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 # 35
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.
- A. Valuation
- B. Prediction and commitments
- C. Extension
- D. Simulation
Answer: D
NEW QUESTION # 36
What does the Parallel Accounting Using G/ L Accounts indicator in ledger configuration allow you to do?
- A. Assign 2 or more ledgers to 1 accounting principle
- B. Assign 2 or more Accounting principles to 1 Ledger
- C. Assign 2 or more valuation areas to 1 company code
- D. Assign 2 ledgers to 1 company code
Answer: B
NEW QUESTION # 37
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