P-S4FIN-2021 Dumps 2023 - New SAP P-S4FIN-2021 Exam Questions
Free P-S4FIN-2021 braindumps download (P-S4FIN-2021 exam dumps Free Updated)
P-S4FIN-2021 Exam Certification Details:
| Cut Score: | 55% |
| Duration: | 180 mins |
| Sample Questions: | SAP P-S4FIN-2021 Exam Sample Question |
| Level: | Professional |
SAP P-S4FIN-2021 Exam Syllabus Topics:
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NEW QUESTION 28
With SAP S/4HANA simplified logistics, which of the following are relevant to the material ledger? Note:
There are 2 correct answers to this question.
- A. The material ledger with actual costing requires a periodic costing run to update inventory values.
- B. The material ledger uses the currencies defined in both the leading and non-leading ledgers.
- C. The migration of material ledger is NOT required if SAP S/4HANA Finance is already used in the legacy system.
- D. The migration of material ledger is required when SAP S/4HANA Finance is already used in the legacy system.
Answer: A,D
NEW QUESTION 29
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. Create the user-defined characteristic and add it to the operating concern
- C. Maintain the proper derivation rules in transaction KEDR.
- D. Activate the CO-PA append structure in ACDOCA
Answer: A,B
NEW QUESTION 30
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. Document type
- C. Valuation area
- D. Accounting principle
Answer: C,D
NEW QUESTION 31
Which technologies help you decrease data volume in the SAP HANA database? There are 2 correct answer to this question.
- A. Archiving
- B. Indexing
- C. Mirroring
- D. Aging
Answer: A,D
NEW QUESTION 32
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 element 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 is different in the two company codes.
- B. The cost element category in the account is changed back to "42" for company code 1750.
- C. The system brings up an error message and rejectsthe change.
- D. The cost element category in the account is changed for both company codes
Answer: D
NEW QUESTION 33
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. Extension
- C. Prediction and commitments
- D. Simulation
Answer: D
NEW QUESTION 34
For which functionality is a productive material ledger a prerequisite ? Note: There are 2 correct answers to this question.
- A. Actual activity price determination
- B. Actual costing
- C. Parallel update of the two types of profitability analysis
- D. Parallel valuation for transfer pricing
Answer: B,D
NEW QUESTION 35
Your customer wants a new ERP solution and is looking at the SAP S/4HANA software. The customer has a skilled in-house IT team that they want to upskill and keep moving the forward. They want maintain a filly customizable solution without completely disrupting their current processes. Which SAP S/4HANA solution will you propose?
- A. Private cloud
- B. Hybrid
- C. On-premise
- D. Public cloud
Answer: C
NEW QUESTION 36
What restrictions apply when a new currency is introduced for productive company codes and ledgers? Note: There are 2 correct answers to this question.
- A. New currency fields are NOT updated for existing data.
- B. Calculated values are NOT added to the ACDOCA.
- C. Archived data CANNOT be enriched with the new currency.
- D. Reconciliation for entities in asset accounting is NOT included.
Answer: C,D
NEW QUESTION 37
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. Run "Calculate Depreciation" (transaction AFAR) forfiscal year 2022.
- B. Post all depreciation (transaction AFAB) for the fiscal year 2021
- C. Run the fiscal year change (transaction FAA_CMP) to close fiscal year 2020.
- D. Post revaluation and new valuation (transaction AR29N) forfiscal year 2021.
Answer: C
NEW QUESTION 38
What is required to enable the payment approval process in cash operations? There are 3 correct answers to this question.
- A. Create scenario without approval
- B. Create rule to require signature
- C. Define signature methods for approvals
- D. Define a grouping method for the rule you defined
- E. Create a rule for approvals
Answer: C,D,E
NEW QUESTION 39
What restriction apply when a new currency is introduced for productive company codes and ledgers? 2 correct answers
- A. New currency fields are NOT updated for existing data
- B. Reconciliation for entities in asset accounting is not included
- C. Archived data cannot be enriched with the new currency
- D. Calculated values are NOT added to the ACDOCA
Answer: B
NEW QUESTION 40
Your customer uses classic G/L and asks for possibilities to implement new functionalities. What functionality can be activated during the conversion?
- A. Document Splitting
- B. transfer prices
- C. Additional FI Currency
- D. Account-based CO-PA
Answer: D
NEW QUESTION 41
For which account assignments can you perform realignment in the universal journal? Note: There are 2 correct answers to this question
- A. Customer group
- B. Profit center
- C. Sales region
- D. Functional area
Answer: A,C
NEW QUESTION 42
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. CO-PA valuated insurance costs
- B. Actual revenue
- C. Incoming sales orders
- D. Standard cost of goods sold
Answer: B,C
NEW QUESTION 43
You want to create a balance sheet and profit & loss statement on segment level. Which steps do you need to take in the system?
There are 2 correct answers to this question
- A. Define a clearing account
- B. Assign a segment to all G/L accounts
- C. Set the zero balance indicator
- D. Define a PA transfer structure
Answer: A,C
NEW QUESTION 44
A fixed asset is to be posted in the new fiscal year. Which closing activity must be carried out for this?
- A. All depreciation (transaction AFAB) up to that point must be posted.
- B. All APC values must have been posted using report "Periodic Asset Postings".
- C. Depreciation for the new year must be recalculated (transaction AFAR).
- D. Fiscal year change program must have been executed (transaction FAA_CMP).
Answer: D
NEW QUESTION 45
You create a G/L account and set the cost element category to 42 (assessment).In what table isthe cost element category updated?
- A. CSKA
- B. CSKB
- C. SKA1
- D. SKB1
Answer: B
NEW QUESTION 46
What must you create before you can record commitments in the universal journal?
- A. Mapping for condition types
- B. CO version
- C. Extension ledger
- D. Non-leading standard ledger
Answer: C
NEW QUESTION 47
Which object do you enter in controlling transactions to update a specific valuation in the universal journal?
- A. Valuation area
- B. Accounting principle
- C. Ledger group
- D. Ledger
Answer: C
NEW QUESTION 48
What system configuration in your customer's current SAP ERP system will have a major effect on the duration and complexity of a system conversion to SAP S/4HANA?
- A. The system uses classic asset accounting to manage fixed assets.
- B. The system does NOT use material ledger for actual costing.
- C. The customer does NOT use business partners to manage customers and suppliers
- D. The customer uses the accounts approach for parallel accounting
Answer: A
NEW QUESTION 49
Your customer upgraded a system to SAP S/4HANA for test reasons. During testing, you receive feedback from the business department that while opening and closing posting periods, the systems asks for a customizing request. What is the reason? Please choose the correct answer.
- A. This is a new feature in SAP S/4HANA as proof of change.
- B. The migration is NOT set to complete.
- C. The client role is set to test in the client maintenance.
- D. The authorization to save the posting periods is missing
Answer: C
NEW QUESTION 50
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. Default account assignment
- B. Passive document splitting
- C. Document splitting inheritance
- D. Active document splitting
Answer: D
NEW QUESTION 51
In controlling, what is a mandatory customizing step when convening a system to SAP S/4HANA?
- A. Define profit center hierarchy.
- B. Activate account based CO-PA
- C. Migrate the material ledger
- D. Create document type for CO postings
Answer: B
NEW QUESTION 52
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SAP P-S4FIN-2021 Exam Description:
PLEASE NOTE: This certification has been published for early adopters. Some recommended ‘ways to attain’ are not yet available. - - - - - - - - - - - - - - - - The '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. The candidate should have experience in implementing Financial Accounting and Management Accounting of at least 5 years. In addition, the candidate should understand the differences and innovations in architecture, configuration, and business process execution with SAP S/4HANA. Finally, the candidate will be able to perform all the preparation and execution steps of a project to convert an SAP ERP system to SAP S/4HANA. The core of the knowledge required for successfully passing the certification exam is in the SAP Education curriculum (course, course book including the notes), however the exam scope extends beyond what is explicitly within the content of the materials. In addition, the materials themselves assume an advanced level of familiarity with the implementation, configuration, and execution of SAP Finance business processes with the SAP ERP application. This certificate proves that the candidate has the overall understanding and skills required to be a qualified supervisor of the team performing the implementation of Financials in SAP S/4HANA. The candidate also has all required capabilities to act as an application consultant and team member himself/herself. The certificate issued for passing this exam will be valid for 5 years.
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