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To prepare for the SAP P_S4FIN_2021 certification exam, candidates can participate in SAP training courses and attend SAP events, as well as review the exam guide and practice with sample questions. P_S4FIN_2021 exam consists of 80 multiple-choice questions and candidates are given 180 minutes to complete the exam. A passing score of 68% is required to obtain certification.
SAP P-S4FIN-2021 exam, also known as the Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts, is designed for professionals who want to validate their expertise in financial accounting and management within the SAP S/4HANA environment. P_S4FIN_2021 exam is intended for individuals who have already achieved a solid understanding of the SAP ERP Finance module and are now looking to expand their knowledge to include the latest SAP S/4HANA technology.
NEW QUESTION # 31
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. Cash flow reporting
- B. Monitoring bank risk
- C. Cash journal logging
- D. Bank statement processing
Answer: A
NEW QUESTION # 32
You carry forward balances for your company code and leading ledger to the new fiscal year 2021 and year What could resolve the error?
- A. Run "calculate depreciation" (transition AFAR) for fiscal year 2021
- B. Run the fiscal year change (transition FAA_CMP) to close fiscal year 2019
- C. Post revaluation and new valuation (transition AR29N) for fiscal year 2020
- D. Post all depreciation (transaction AFAB) for the fiscal year 2020
Answer: B
NEW QUESTION # 33
What setting must be identical between the company code and controlling area?
- A. The number of posting periods
- B. The fiscal year variant key
- C. The number of special periods
- D. The number of postings and special periods
Answer: B
NEW QUESTION # 34
You are performing a system conversion for a customer that uses classic G/L with the accounts approach. What must you configure in SAP S/4HANA for local and international accounting standards in order to migrate the account values in an S/4HANA standard conversion project?Note: There are 3 correct answers to this question.
- A. Document types
- B. Accounting principles
- C. Valuation areas (FI)
- D. Ledger groups
- E. Standard ledgers
Answer: B,C,D
NEW QUESTION # 35
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
- A. ACDOCP is a cluster table.
- B. ACDOCP is a table with delta mechanism.
- C. ACDOCP is an isolated table.
- D. ACDOCP derives data from ACDOCA.
Answer: B,C
NEW QUESTION # 36
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. Activate enterprise extension EA-FIN.
- C. Close all fiscal years except the current one.
- D. Assign accounting principles to all depreciation areas
- E. Define a technical clearing account for integrated acquisitions
Answer: A,B,C
NEW QUESTION # 37
Which objects do you need to configure in SAP S/4HANA after a conversion from classic G/L to SAP S/4HANA? Note: There are 2 correct answers to this question.
- A. Currency type
- B. Accounting principle
- C. Valuation area
- D. Document type
Answer: B,C
NEW QUESTION # 38
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 role
- B. BP grouping
- C. BP role group
- D. BP category
Answer: A,B
NEW QUESTION # 39
Which modules read and write line items of the universal journal (ACDOCA)? There are 2 correct answers to this question
- A. Costing-based profitability analysis
- B. Actual costing
- C. Cash Management
- D. Account based Profitability-Analysis
Answer: A,D
NEW QUESTION # 40
In the standard delivery system, what isthe maximum number of components you can use for the primary cost component split of activities and the cost component split of cost of goods sold?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: A
NEW QUESTION # 41
You maintain a Launchpad for users to which role Z MANACC is assigned. What do you need to do make an app available on the users Launchpad?
- A. Assign the app directly to role Z MANACC
- B. Add the app to a catalog and a group that are assigned to role Z MANACC
- C. Activate the OData Service for role Z MANACC which is assigned to the app according to the SAP Fiori apps reference library
- D. Activate the user parameter for PFCG (role maintenance) for role Z MANACC
Answer: B
NEW QUESTION # 42
The following ledgers are assigned to your company code in financial accounting. Standard ledgers A and B Extension ledger C with Standard ledger A as. Which ledgers are listed in the universal journal entry line items after you enter an incoming ivocie?
- A. Extension ledger C
Standard ledger B - B. Standard ledger A
Extension ledger C - C. Standard ledger A
Standard ledger B - D. Standard ledger B
- E. Extension ledger C
Standard ledger A
Answer: C
NEW QUESTION # 43
What happens during the migration activity Regenerate CDS Views and Field Mapping? Note: There are 2 correct answers to this question.
- A. The field mapping for the customer and vendor integration is created.
- B. The redirection of SELECT statements is generated.
- C. The OData services for SAP Fiori integration are activated.
- D. The customer-specific fields are included in the data migration procedure.
Answer: B,D
NEW QUESTION # 44
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.
- A. You have defined a PA transfer structure for settlement.
- B. You have set up accounts for transaction key BSX and GBB in the MM account determination.
- C. You have defined a settlement profile that allows the settlement of variances for your order type
- D. You have executed the variance calculation in CO-PC.
Answer: B,D
NEW QUESTION # 45
A document can have up to 999999 line items in the universal journal (reporting or G/L view).How does this affect the entry view table
- A. It is still limited to 999 line items but the system automatically splits the single entry into multiple documents as required
- B. It is still limited to 999 line items but you can configure summarization on certain criteria.
- C. It is now a compatibility view without number restrictions.
- D. It is automatically extended to 999999 line items.
Answer: B
NEW QUESTION # 46
Which checks can you run directly in an SAP ECC system to support the planning of a standard SAP S/4HANA conversion project? Note: There are 3 correct answers to this question.
- A. Simplification Item-Check
- B. Authority Check
- C. SAP Readiness Check
- D. Custom Code Check
- E. Global Performance Analysis
Answer: A,C,D
NEW QUESTION # 47
What does the Parallel Accounting Using G/L Accounts indicator in ledger configuration allow you to do?
- A. Assign 2 or more accounting principles to the leading ledger
- B. Assign 2 or more accounting principles to the non-leading ledger
- C. Assign 2 or more accounting principles to 1 valuation area
- D. Assign 2 or more ledgers to 1 accounting principle
Answer: A
NEW QUESTION # 48
Which fields do you maintain when defining the source ledger for migration of balances? There are 2 correct answer to this question.
- A. Source table
- B. Period
- C. Year
- D. Company Code
Answer: C,D
NEW QUESTION # 49
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SAP P-S4FIN-2021 certification exam is a globally recognized certification that is highly valued in the industry. Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts certification helps professionals to enhance their career prospects and increase their earning potential. Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts certification also provides professionals with a competitive advantage over their peers and helps them to stand out in the job market.
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