SAP Certified Application Professional Certified Official Practice Test P_S4FIN_2021 - Dec-2023
Ace SAP P_S4FIN_2021 Certification with Actual Questions Dec 14, 2023 Updated
SAP P_S4FIN_2021 exam is ideal for SAP ERP finance experts who want to validate their skills and knowledge in the field of financial management in SAP S/4HANA. Candidates aspiring to be SAP application professionals, who wish to build a successful career in enterprise software, can also take P_S4FIN_2021 exam to demonstrate their expertise in finance modules of SAP S/4HANA.
NEW QUESTION # 13
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 postings and special periods
- D. The number of special periods
Answer: B
NEW QUESTION # 14
What must you do before a Go Live migration in the productive client can be set to Complete in customizing?
Note: There are 2 correct answers to this question.
- A. Apply small-scale live postings of the day-to-day business to check the system
- B. Get approval of business department and project management.
- C. Finalize the before-and-after comparison of the financial reports with the business department
- D. Transfer application indexes using data aging
Answer: A,D
NEW QUESTION # 15
You start your first sandbox migration and get a lot of errors.How are errors handled in an SAP S/4HANA migration? Note: There are 2 correct answersto this question.
- A. Critical errors must be resolved in the production system before Go Live.
- B. All errors related to closed years can be ignored.
- C. All errors must be corrected before SUM (Software Update Manager)starts.
- D. Errors must be clarified, and uncritical errors can be accepted
Answer: A,C
NEW QUESTION # 16
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.
- A. You can assign additional valuations to the extension ledgers.
- B. You can assign each valuation to a separate ledger.
- C. You can assign additional valuations to separate accounts.
- D. You can assign profit center, group, and legal valuations to the same ledger.
Answer: B,D
NEW QUESTION # 17
You want to convert your system from an account solution into a ledger solution without a prior New G/L migration project.Which scenario can be used?Note: There are 2 correct answers to this question.
- A. Chart of Accounts Conversion
- B. New implementation
- C. Selective Data Transition
- D. SAP Standard Conversion
Answer: A,D
NEW QUESTION # 18
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 authorization to save the posting periods is missing
- C. The client role is set to test in the client maintenance.
- D. The migration is NOT set to complete.
Answer: C
NEW QUESTION # 19
Which of the following is a prerequisite to activating takeover values between depreciation areas?
- A. Depreciation areas must be assigned to the same accounting principles
- B. Only one depreciation area per chart of depreciation is assigned 00
- C. Only the depreciation area for book depreciation is assigned 00
- D. Takeover values are possible across all depreciation areas
Answer: D
NEW QUESTION # 20
Which account assignments can you use to classify line items posted into different source assignments for revenue recognitions? Note: There are 3 correct answers to this question.
- A. Cost element categories
- B. Billing condition types
- C. G/L accounts
- D. Profit center
- E. Value field
Answer: A,B,C
NEW QUESTION # 21
For which functionality is a productive material ledger a prerequisite?
- A. Parallel valuation for transfer pricing
- B. Actual activity price determination
- C. Actual costing
- D. Parallel currencies in the universal journal
Answer: C,D
NEW QUESTION # 22
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. Activate the CO-PA append structure in ACDOCA
- B. Generate the operating concern.
- C. Create the user-defined characteristic and add it to the operating concern
- D. Maintain the proper derivation rules in transaction KEDR.
Answer: B,C
NEW QUESTION # 23
Which modules remain unchanged after the migration to SAP S/4HANA? Note: There are 3 correct answers to this question.
- A. Liquidity planning
- B. Costing-based CO-PA
- C. Account-based CO-PA
- D. Classic profit center accounting
- E. Special purpose ledger
Answer: B,D,E
NEW QUESTION # 24
Your customer uses SAP ERP on any database with EHP 8, classic G/L with accounts approach, and more than 10 years' worth of dat a. What can you do in separate projects before the SAP S/4HANA conversion to reduce the complexity of your conversion project? Note: There are 2 correct answers to this question.
- A. Create a backup.
- B. Implement an archiving project.
- C. Adopt new Asset Accounting.
- D. Launch customer-vendor integration for the business partner.
Answer: A,B
NEW QUESTION # 25
For which Cases Can you Use SAP Product Lifecycle Costing? There are 2 correct answer to this question
- A. Sales order cost estimates
- B. Preliminary cost estimates
- C. Standard price cost estimates
- D. Quotation costing
Answer: B,D
NEW QUESTION # 26
A document can have up to 999999 line items in the universal journal (reposing or G/L view). How does this affect the entry view (table BSEG)?
- A. It is extended to 999999 line items
- B. It is limited to 999 items
- C. The system splits the single entry into multiple documents as required
- D. The entry view is also based on the universal journal
Answer: B
NEW QUESTION # 27
Your customer has created a custom ABAP report in an SAP ERP system based on totalstable GLTO.How is this totals table treated in SAP S/4HANA to safeguard custom ABAP reporting programs?
- A. The table GLTO has been kept but a compatibility view has been generated to read its content.
- B. The table GLTO has been removed and replaced by a compatibility view.
- C. The table GLTO has been removed but its content has been added to table ACDOCA thanks to accompatibility view.
- D. The table GLTO has been archived but its content has been added to table ACDOCA thanks to a compatibility view.
Answer: B
NEW QUESTION # 28
You create a new G/L account. Which G/L account type can you assign? There are 2 correct answer to this question
- A. Internal Activity Costs
- B. Primary Costs or Revenue
- C. Secondary Costs
- D. Assessment Costs
Answer: B,C
NEW QUESTION # 29
You need to transfer multiple standard cost prices to CO-PA in an SAP S/4HANA system. What do you need to set up?
- A. Valuation using material cost estimate in costing-based CO-PA
- B. The new refinement for cost of goods sold postings in account-based CO-PA
- C. Valuation using material cost estimate in account-based CO-PA
- D. Valuation using material cost estimate in costing-based CO-PA and account-based-COPA
Answer: B
NEW QUESTION # 30
At which level is the migration run for finance data performed?
- A. Operating concern
- B. Company code
- C. Client
- D. Controlling area
Answer: C
NEW QUESTION # 31
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. Customizing is consistent.
- B. All views are generated successfully.
- C. Only critical error messages have been accepted.
- D. All error messages have been accepted.
- E. Customer Vendor Integration can start.
Answer: A,B,D
NEW QUESTION # 32
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To be eligible for the SAP P_S4FIN_2021 certification exam, candidates must have a minimum of two years of experience in SAP ERP Financials and at least six months of experience in SAP S/4HANA Financial Accounting or Management Accounting. They should also have a solid understanding of business processes in financial accounting and management accounting, as well as knowledge of the latest SAP S/4HANA innovations.
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