Download the Latest P_S4FIN_2021 Dumps - 2023 P_S4FIN_2021 Exam Questions
Latest SAP P_S4FIN_2021 Certification Practice Test Questions
NEW QUESTION # 13
What system configuration in your customers current SAP ERP system will have a major effect on the duration and complexity of the system conversion to S/4HANA?
- A. The customers uses the accounts approach for parallel accounting.
- B. The system uses classic asset account to manage fixed assets
- C. The customer does NOT use business partners to manage customers and suppliers
- D. The system has document splitting activated for all company codes
Answer: B
NEW QUESTION # 14
What is posted at the same time to both account-based and costing-based profitability analysis? There are 2 correct answer to this question
- A. Actual cost component splits of goods sold
- B. Standard cost of goods sold
- C. Incoming sales orders
- D. Actual revenue
Answer: A,D
NEW QUESTION # 15
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. Chart of accounts
- B. Transaction code
- C. Company code
- D. Account determination
Answer: A,D
NEW QUESTION # 16
What does the Parallel Accounting Using G/ L Accounts indicator in ledger configuration allow you to do?
- A. Assign 2 or more ledgers to 1 accounting principle
- B. Assign 2 or more valuation areas to 1 company code
- C. Assign 2 or more Accounting principles to 1 Ledger
- D. Assign 2 ledgers to 1 company code
Answer: C
NEW QUESTION # 17
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 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 user is asked which categorywill be used in the future
- B. The cost element category is different in the two company codes
- C. This system brings up an error message and rejects the change
- D. The cost element category in the account is also changed for company code 1010
Answer: D
NEW QUESTION # 18
How can you retract planned data from SAP Business Planning and Consolidation for SAP S/4HANA to SAP S/4HANA? Note: There are 2 correct answers to this question.
- A. Store your planned data in the ACDOCP table.
- B. Use a BW planning cube and a preconfigured content workbook.
- C. Store your planned data in the ACDOCA table.
- D. Use the in-built BPC data extractor and upload template.
Answer: A,B
NEW QUESTION # 19
You are using SAP S/4HANA with account-based profitability analysis. For which objects can you activate derivation of profitability characteristics for G/L line items, without profitability segment'?
- A. Fixed assets
- B. Materials
- C. Production orders
- D. Suppliers
Answer: C
NEW QUESTION # 20
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. Calculate additional values for acquisition and product cost.
- C. Define how posting values and depreciation terms can be transferred to other areas
- D. Define show values, but do NOT post any values to the G/L accounts.
- E. Calculate different values in a depreciation area for a specific purpose
Answer: A,C,E
NEW QUESTION # 21
What does an administrator need to do in the SAP Fiori Gateway server in order to launch a native SAP Fiori application from the SAP Fiori Launchpad? Note: There are 2 correct answers to this question.
- A. Assign the SAP Fiori tile group to a role relevant for the user.
- B. Activate the OData service relevant for the app.
- C. Assign the SAP Fiori tile catalog to a role relevant for the user.
- D. Activate the SAP Screen Personas flavor for the app.
Answer: B,C
NEW QUESTION # 22
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. Actual revenue
- C. CO-PA valuated insurance costs
- D. Incoming sales orders
Answer: B,D
NEW QUESTION # 23
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. Classic profit center accounting.
- B. General ledger accounting
- C. Costing-based CO-PA
- D. Account-based CO-PA
Answer: B,C
NEW QUESTION # 24
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 system brings up an error message and rejectsthe change.
- B. The cost element category in the account is changed back to "42" for company code 1750.
- C. The cost element category in the account is changed for both company codes
- D. The cost element category is different in the two company codes.
Answer: C
NEW QUESTION # 25
For which account assignments can you perform realignment in the universal journal? Note: There are 2 correct answers to this question
- A. Sales region
- B. Profit center
- C. Customer group
- D. Functional area
Answer: A,C
NEW QUESTION # 26
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?
- A. Create a BP type for each industry category in the customer/vendor accounts.
- B. Create a BP category for each legal form maintained for customers/vendors.
- C. Create a BP grouping for each customer and vendor account group.
- D. Create a BP role for each customer and vendor account group.
Answer: C
NEW QUESTION # 27
What are the key components of the intelligent enterprise by SAP? There are 3 correct answers to this question
- A. Hybrid cloud
- B. Seamless integration
- C. Intelligent Technologies
- D. Digital Platform
- E. Intelligent Suite
Answer: C,D,E
NEW QUESTION # 28
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. Account-based CO-PA
- C. transfer prices
- D. Additional FI Currency
Answer: B
NEW QUESTION # 29
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To take the SAP P_S4FIN_2021 exam, candidates should have a strong understanding of financial accounting principles and SAP S/4HANA financial management functionality. They should also have practical experience in implementing financial processes in SAP S/4HANA. P_S4FIN_2021 exam consists of 80 multiple-choice questions and has a time limit of 180 minutes. Candidates who pass the exam will receive the SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts certification, which is a valuable credential for finance professionals looking to advance their careers in SAP S/4HANA.
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