[May 20, 2023] 100% Latest Most updated P-S4FIN-2021 Questions and Answers
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By passing the SAP P_S4FIN_2021 certification exam, finance professionals can demonstrate their proficiency in implementing and configuring financial solutions in SAP S/4HANA. This certification is a valuable asset for finance professionals, as it highlights their expertise in financial accounting, management accounting, and financial supply chain management. Additionally, this certification can help finance professionals to advance their career and enhance their earning potential in the field of financial management.
NEW QUESTION # 11
You select the configuration option Set Migration to Completed in the Conversion of Accounting to SAP S/4HANA.What does this mean? Note: There are 3 correct answers to this question
- A. Customer Vendor Integration can start.
- B. All error messages have been accepted.
- C. All views are generated successfully.
- D. Only critical error messages have been accepted.
- E. Customizing is consistent.
Answer: B,C,E
NEW QUESTION # 12
On which levels can you assign different technical clearing accounts for integrated acquisition in asset accounting. NOTE: There are 2 correct answers to this question
- A. Transaction code
- B. Company code
- C. Chart of accounts
- D. Account determination
Answer: C,D
NEW QUESTION # 13
Your customer uses the ledger approach to multiple valuation. During conversion to SAP S/4HANA, which configurations will be required? Note: There are 2 correct answers to this question.
- A. Configure delta depreciation areas to no longer post to the general ledger
- B. Convert all accounts of parallel valuations to reconciliation accounts
- C. Assign accounting principles to all real and derived depreciation areas.
- D. Define the document type for the accounting-principle-specific documents.
Answer: B,C
NEW QUESTION # 14
Your customer's company code is assigned to a chart of depreciation with three depreciation areas that post in real time. Last year, your customer acquired an asset that was only capitalized In two of the depredation areas this year you post an integrated asset sale to a customer for this asset. How many documents are generated during the sale posting?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: D
NEW QUESTION # 15
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 an isolated table.
- B. ACDOCP is a table with delta mechanism.
- C. ACDOCP derives data from ACDOCA.
- D. ACDOCP is a cluster table.
Answer: A,B
NEW QUESTION # 16
Which of the following are available methods of valuation for depreciation areas? There are 3 correct answer to this question.
- A. Define how asset values post for accounting principles.
- B. Define how posting values and depreciation terms can be transferred to other areas
- C. Calculate additional values for acquisition and product cost.
- D. Calculate different values in a depreciation area for a specific purpose
- E. Define show values, but do NOT post any values to the G/L accounts.
Answer: A,B,D
NEW QUESTION # 17
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 predictive accounting for incoming sales orders
- B. Activate the transfer of incoming sales orders
- C. Activate the indicator for incoming sales orders in the attributes view of the operating concerns
- D. Creative statistical cost elements for cost and revenues of incoming sales orders
- E. Setup an extension ledger with type "line items with technical numbers"
Answer: A,B,D
NEW QUESTION # 18
Where can you find the automatic write-off program to close unpaid customer balances?
- A. Dispute Management
- B. Treasury Operations
- C. Collections Management
- D. Accounts Receivable
Answer: A
NEW QUESTION # 19
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. Liquidity planning
- D. Account-based CO-PA
- E. Classic profit center accounting
Answer: A,B,E
NEW QUESTION # 20
A customer wants to analyze a G/L account, which is presenting asset acquisition value, on an investment order. What do you maintain in the G/L account master record to achieve this? There are 2 correct answers to this question
- A. Select the Record Account Assignment indicator
- B. Define the G/L account as an asset reconciliation account
- C. Enter value 90in the cost element category field
- D. Set the G/L account type to Non-operating Expenses or income
Answer: A,B
NEW QUESTION # 21
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?
- A. Change the controlling area to fiscal year variant K3.
- B. Change all company codes to fiscal year variant K2
- C. Change all company codes and the controlling area to fiscal year variant K2
- D. Change all company codes to fiscal year variant K4
Answer: D
NEW QUESTION # 22
What can you do in the Cockpit view of SAP Product Lifecycle Costing?
- A. Manage calculation versions.
- B. View the costing structure.
- C. Define global settings for currencies and units of measure.
- D. Receive an overview of the available master data
Answer: A
NEW QUESTION # 23
What SAP S/4HANA deployment option will cause the least business disruption for the average SAP end user?
- A. Public cloud
- B. Central finance
- C. On premise
- D. Private cloud
Answer: B
NEW QUESTION # 24
In the standard delivery system, what is the maximum of components you can use for the primary
- A. 0
- B. 1
- C. 2
- D. 3
Answer: A
NEW QUESTION # 25
What setting must be identical between the company code and controlling area?
- A. The posting period variant key
- B. The fiscal year variant key
- C. The number of posting and special periods
- D. The valuation variant key
Answer: B
NEW QUESTION # 26
Which values are stored in the universal journal (ACDOCA)? There are 2 correct answer to this question.
- A. Transfer Prices
- B. Actual costing results
- C. Parallel currencies
- D. Plan data
Answer: A,C
NEW QUESTION # 27
What are planning level and planning group used for in SAP Cash Management? There are 2 correct answers to this question.
- A. Planning level is used to control displays in SAP Cash Management and to differentiate between noted item, purchase order, bank account, etc.
- Planning level is used to differentiate between strategic, business, and operational plan. - B. Planning level and planning group are used in the configuration of the grouping structure, which enables you to group bank and subledger accounts together in the cash position or the liquidity forecast.
- C. Planning group is used to group assets by order of liquidity: petty cash, bank, AR/AP, investments, etc.
- D. Planning level is used in the company code data of the business partner to control accounts receivable and accounts payable in SAP Cash Management.
- Planning group is used in the G/L account data to enable the liquidity forecast.
- Planning group is used to group customers and vendors to enable accurate forecast.
Answer: A,B
NEW QUESTION # 28
Which of the following are key benefits of SAP S/4HANA? Note: There are 2 correct answers to this question.
- A. Choice of database
- B. Reduced throughput
- C. Choice of deployment
- D. Reduced footprint
Answer: C,D
NEW QUESTION # 29
What is the purpose of the retraction workbook? Please choose the correct answer.
- A. Retract planning data from ERP to BPC
- B. Retract planning data from BW to ERP
- C. Retract planning data from BPC to ERP
- D. Retract planning data from ERP to BW
Answer: C
NEW QUESTION # 30
You want to post intercompany asset transfer only for IFRS. Which objects can you specify in the transfer posting to achieve this? Note: There are 2 correct answers to this question.
- A. Transaction type
- B. Depreciation area
- C. Ledger group
- D. Accounting principle
Answer: C,D
NEW QUESTION # 31
In your system you have multiple standard ledgers .Which values can be posted to a single ledger? Note: There are 3 correct answers to this question.
- A. Depreciation
- B. Accruals
- C. Payments
- D. Taxes
- E. Currency valuation
Answer: A,B,E
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
- A. To perform planning allocation
- B. To perform availability
- C. To prepare for financial consolidation
- D. To use standard SAP GUI plan/actual reporting
Answer: A,D
NEW QUESTION # 33
Which of the following front-end clients can you NOT use in the standard system for SAP Business Planning and Consolidation for SAP S/4HANA Finance? Please choose the correct answer.
- A. SAP GUI
- B. SAP Fiori
- C. SAP Business Client
- D. SAP BusinessObjects Analysis for Microsoft Office
Answer: A
NEW QUESTION # 34
You extend the coding block in the universal journal with a custom field. Which components can use this new field without requiring further customization? Note: There are 2 correct answers to this question.
- A. Costing-based CO-PA
- B. General ledger accounting
- C. Account-based CO-PA
- D. Classic profit center accounting.
Answer: A,B
NEW QUESTION # 35
You perform an SAP S/4HANA migration. Some of the company codes were NOT used for years and the data posted to these company codes is no longer legally equied. How do you handle these company codes?
- A. Migrate all company codes you selected in customizing.
- B. Migrate all company codes flagged as productive.
- C. Archive all data from unused company codes.
- D. Migrate all company codes of the client.
Answer: D
NEW QUESTION # 36
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