Download SAP P-S4FIN-2021 Mock Test Study Material [Q21-Q40]

31Oct 2023 by admin No Comments

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Download SAP P-S4FIN-2021 Mock Test Study Material

P-S4FIN-2021 Questions Prepare with Learning Information

SAP P_S4FIN_2021 exam is designed to test the candidate’s understanding of financial processes, configuration, and integration in SAP S/4HANA. With this certification, individuals can demonstrate their proficiency in using SAP software to manage financial transactions and reports, analyze financial data, and perform other critical finance-related tasks.

NEW QUESTION 21
What SAP S/4HANA deployment option will cause the least business disruption for the average SAP end user?

Central finance

Private cloud

Public cloud

On premise

NEW QUESTION 22
Which of the following components are obsolete are require migration activities during a Statistical There are 3 correct answers to this question.

Cash Management

Special purpose ledger

Accrual engine

Classic credit management

Costing based CO- PA

NEW QUESTION 23
You are converting your system to SAP S/4HANA. In your system you have:
Three company codes assigned to a single controlling area Controlling area is assigned to fiscal year variant K4.
Two company codes assigned to fiscal year variant K2
One company code assigned to variant K3 During conversion to SAP S/4HANA, what do you need to change?

Change all company codes to fiscal year variant K4

Change all company codes to fiscal year variant K2

Change all company codes and the controlling area to fiscal year variant K2

Change the controlling area to fiscal year variant K3.

NEW QUESTION 24
How can you set up multiple valuations for transfer pricing in your SAP S/4HANA system? Note: There are 2 correct answers to this question.

You can assign each valuation to a separate ledger.

You can assign additional valuations to separate accounts.

You can assign additional valuations to the extension ledgers.

You can assign profit center, group, and legal valuations to the same ledger.

NEW QUESTION 25
At which level does the functional migration for finance data have to be performed?

Controlling area

Company code

Client

System

NEW QUESTION 26
What setting must be identical between the company code and controlling area?

The valuation variant key

The posting period variant key

The number of posting and special periods

The fiscal year variant key

NEW QUESTION 27
What restrictions apply when a new currency is introduced for productive company codes and ledgers? Note: There are 2 correct answers to this question.

Reconciliation for entities in asset accounting is NOT included.

Archived data CANNOT be enriched with the new currency.

New currency fields are NOT updated for existing data.

Calculated values are NOT added to the ACDOCA.

NEW QUESTION 28
What are some features of actual costing in SAP S/4 HANA? There are 2 correct answer to this question

Simplified data structure with new table structure

Possibility of post-closing in the alternative valuation run (AVR)

Selection of activity prices of other CO-versions in the standard run

Reduced number of steps in the calculation cockpit

NEW QUESTION 29
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?

The open item is assigned to segment B when the invoice is paid.

The open item is assigned to segment B through reclassification at month end.

The open item is assigned to segment B automatically with the CO reposting.

The open item remains on segment A.

NEW QUESTION 30
In your system. You are creating a new company code that requires as additional standard ledger. Which statements apply to a standard ledger? There are 2 correct answer to this question

It will generate additional line items in ACDOCA for non-ledger-specific postings

It is always active on the system level for all company codes

It must be assigned to underlying ledger

If asset accounting is used depreciation area must be assigned

NEW QUESTION 31
What is the earliest point in time that the attributed profitability segments can be derived?

When you settle the cost to profitability analysis

When you run result the analysis for cost objects

When you post the primary cost document

When you run the realignment in profitability analysis

NEW QUESTION 32
You perform planning in SAP Business Planning and Consolidation for SAP S/4HANA. Why do
you retract the plan data from SAP Business Planning and Consolidation for SAP SI4HANA and return it to the standard planning tables? Note: There are 2 correct

To use standard SAP GUI plan/actual reporting

To perform planning allocation

To prepare for financial consolidation

To perform availability

NEW QUESTION 33
Your system currently does NOT use business partners (BP). The master data for suppliers and vendors and the defined account groups are NOT connected and are handled by separate departments. When preparing for integration, what do you have to create?

Create a BP type for each industry category in the customer/vendor accounts.

Create a BP grouping for each customer and vendor account group.

Create a BP role for each customer and vendor account group.

Create a BP category for each legal form maintained for customers/vendors.

NEW QUESTION 34
During SAP S/4HANA conversion, why is it necessary to migrate balances for FI and CO? Please choose the correct answer.

Because all balances from the past years are stored in the universal journal

Because the system displays an error if the sum of aggregated line items differs from the balance

Because the system posts FI/CO documents for all missing line items by comparing them to the – balance of the account

Because a delta between all line items and the balance of every account will be updated in the universal journal

NEW QUESTION 35
Which processes create an artificial controlling document? 2 correct answers

FI posting of primary costs to production order

Stock material consumption on project

Internal activity allocation to sales order

Assessment from cost center to account based profitability analysis

NEW QUESTION 36
For which account assignments can you perform realignment in the universal journal? Note: There are 2 correct answers to this question

Functional area

Customer group

Sales region

Profit center

NEW QUESTION 37
Which modules read and write line items of the universal journal (ACDOCA)?Note: There are 2 correct answers to this question.

Account-based profitability analysis

Actual costing

Cash management

Costing-based profitability analysis

NEW QUESTION 38
You are performing a system conversion for a customer that uses classic general ledger 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? There are 3 correct answers to this question.

Document types

Accounting Principles

Valuation Areas (FI)

Ledger Groups

Standard ledgers

NEW QUESTION 39
The customers and suppliers balances of the previous year are carried forward to the new year, but you did NOT run the SAPF010 program (Carry Forward Receivables/Payables) manually in accounts receivable or accounts payable. How was the customer and supplier balance carried forward? Please choose the correct answer.

L3 Because balance carryforward was performed for the leading ledger in general ledger

Because balance carryforward was performed automatically due to postings to the subledgers in the new year

Because balance carryforward was performed automatically when closing the previous year

Because balance carryforward was carried out by the Reconcile Universal Journal Entry transaction since the reconciliation displayed NO error

NEW QUESTION 40
In Controlling, what is a mandatory customizing step when converting a system to SAP S/4HANA?

Migrate the material ledger.

Configure accounts for COGS split.

Create document type for CO postings.

Activate attributed profitability analysis

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SAP P-S4FIN-2021 Certification Exam is designed for financial experts who have experience working with SAP ERP Finance and are looking to upgrade their skills to work with SAP S/4HANA. Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts certification is intended for professionals who have a deep understanding of financial accounting, management accounting, and financial supply chain management processes.

Most Reliable SAP P-S4FIN-2021 Training Materials: https://www.practicematerial.com/P-S4FIN-2021-exam-materials.html

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