Clear your concepts with P_S4FIN_2021 Questions Before Attempting Real exam
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SAP P_S4FIN_2021 certification exam covers a broad range of topics related to financial accounting in SAP S/4HANA. These include financial accounting basics, general ledger accounting, accounts payable and receivable, asset accounting, cost and revenue accounting, and financial reporting. Candidates need to have a thorough understanding of these topics as they are critical to managing financial processes in SAP S/4HANA.
NEW QUESTION # 41
If you use the ledger approach, which customization settings must you apply for new Asset Account? Note:
There are 2 correct answers to these questions.
- A. Define a technical clearing account for integrated asset acquisitions.
- B. Assign a controlling version to each depreciation area.
- C. Set reconciliation account for parallel valuation (non-leading ledger).
- D. Assign an accounting principle to every depreciation area.
Answer: A,D
NEW QUESTION # 42
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- B. The table GLTO has been archived but its content has been added to table ACDOCA thanks to a compatibility view.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 # 43
The ACDOCA table has a 6-digit field for document line numbers. However, CO documents updating the COEP table are still limited to 999 lines. How does SAP S/4HANA handle large line item numbers when updating the CO documents?
- A. It creates a new document when there are more than 999.999 lines
- B. It creates a new document when there are more than 999 lines.
- C. It no longer assigns CO-specific document numbers.
- D. It outputs an error message when there are more than 999 lines.
Answer: B
NEW QUESTION # 44
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. Post all depreciation (transaction AFAB) for the fiscal year 2021
- D. Run "Calculate Depreciation" (transaction AFAR) forfiscal year 2022.
Answer: B
NEW QUESTION # 45
There are 8 customer-specific charts of depreciation in the client that area assigned to 22 active company codes, as required Additionally, there are 7 reference and unused. How many you charts of depreciation do you migrate?
- A. 0
- B. 1
- C. 2
- D. 3
- E. 4
Answer: A
NEW QUESTION # 46
Which modules remain unchanged after the migration to SAP S/4HANA? Note: There are 3 correct answers to this question.
- A. Costing-based CO-PA
- B. Special purpose ledger
- C. Account-based CO-PA
- D. Liquidity planning
- E. Classic profit center accounting
Answer: A,B,E
NEW QUESTION # 47
Which transactions generate a prima nota entry in the system in addition to the universal journal entry? There are 2 correct answers to this question
- A. Post time sheet data to Controlling (CAT7)
- B. Settlement of internal order (K088)
- C. Post FI supplier invoice (FB70)
- D. Assessment cycle of cost centers (KSUS)
Answer: A,C
NEW QUESTION # 48
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. Errors must be clarified and uncritical errors must be ignored
- B. All errors related to the close years can be ignored
- C. All errors must be corrected during migration to complete it
- D. Critical errors must be resolver in the production system before Go-live
Answer: C,D
NEW QUESTION # 49
A business user entered the wrong password too many times and is locked out of the SAP Fiori launchpad.
Where must the administrator unlock this user?
- A. SAP Smart Business
- B. Front-end SAP Gateway server
- C. SAP S/4HANA back end
- D. SAP Fiori launchpad designer
Answer: B
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. Suppliers
- C. Banks
- D. Distribution channels
- E. Bank accounts
Answer: A,B,C
NEW QUESTION # 51
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. Settlement of investment orders
- B. Corrections due to migrations
- C. balance carry forward
- D. Cross company code postings
Answer: B,C
NEW QUESTION # 52
What is posted at the same time to both account-based and costing-based profitability analysis? Note: There are 2 correct answers to this question.
- A. Standard cost of goods sold
- B. Incoming sales orders
- C. CO-PA valuated insurance costs
- D. Actual revenue
Answer: B,D
NEW QUESTION # 53
Where can you find the automatic write-off program to close unpaid customer balances?
- A. Collections Management
- B. Treasury Operations
- C. Accounts Receivable
- D. Dispute Management
Answer: D
NEW QUESTION # 54
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. An extension ledger with type" line items with technical numbers
- C. A cost splitting profile in general ledger accounting
- D. A collection of primary cost elements to receive the cost portions
Answer: C,D
NEW QUESTION # 55
Your customer has an SAP ERP system with classic G/L accounting and wants to convert to SAP S/4HANA as soon as possible during the current fiscal year. Which limitations apply in SAP S/4HANA?
There are 3 correct answer to this question.
- A. You must define valuation areas for foreign currency valuation.
- B. You cannot continue to use the consolidation staging ledger.
- C. You cannot configure and activate document splitting.
- D. You must use accounts approach to parallel valuation.
- E. You must configure profit center and segment accounting.
Answer: B,C,E
NEW QUESTION # 56
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.
- A. The corresponding cost elements must exist in the chart of accounts.
- B. Cost elements must be mapped to cost components
- C. Characteristic values and characteristic groups must be maintained
- D. Operating concern currency must be determined.
Answer: A,B
NEW QUESTION # 57
You need to transfer multiple standard cost prices to CO-PA in an SAP S/4HANA system. What do you need to set up?
- A. The new refinement for cost of goods sold postings in account-based CO-PA
- B. Valuation using material cost estimate in costing-based CO-PA
- C. Valuation using material cost estimate in account-based CO-PA
- D. Valuation using material cost estimate in costing-based CO-PA and account-based-COPA
Answer: A
NEW QUESTION # 58
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SAP P_S4FIN_2021 Exam is a globally recognized certification that validates the candidate's proficiency in SAP S/4HANA Finance. Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts certification demonstrates the candidate's expertise in managing financial transactions, managing accounts payable and accounts receivable, managing financial accounting, and controlling functions in SAP S/4HANA. Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts certification also demonstrates the candidate's ability to use SAP S/4HANA Finance to improve financial performance and enhance business process efficiency.
SAP P-S4FIN-2021 certification exam is a valuable credential for finance experts who want to specialize in SAP S/4HANA financial management. Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts certification validates the candidate's expertise in managing financial processes in SAP S/4HANA and demonstrates their commitment to continuous learning and professional development. By passing P_S4FIN_2021 exam, finance professionals can enhance their career prospects, gain recognition from employers, and contribute to the success of their organizations.
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