Updated Mar-2023 Test Engine to Practice Test for P-S4FIN-2021 Exam Questions and Answers!
Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts Certification Sample Questions and Practice Exam
P-S4FIN-2021 Exam Certification Details:
| Cut Score: | 55% |
| Exam: | 80 questions |
| Duration: | 180 mins |
NEW QUESTION 30
Cost of goods sold (COGS) split functionality is available in account-based CO-PA.
Which settings are necessary? Note: There are 2 correct answers to this question.
- A. Cost elements must be mapped to cost components
- B. The corresponding cost elements must exist in the chart of accounts.
- C. Characteristic values and characteristic groups must be maintained
- D. Operating concern currency must be determined.
Answer: A,B
NEW QUESTION 31
You post a payment to a supplier invoice. In the universal journal table, you see more line items are created than were visible in the document entry view. Which configuration may have caused the additional line items? There are 2 correct answer to this question.
- A. An additional accounting principle
- B. Zero balance Indicator for profit center
- C. An extension ledger
- D. A non-leading ledger
Answer: A,C
NEW QUESTION 32
What are some features of actual costing in SAP S/4 HANA? There are 2 correct answer to this question
- A. Simplified data structure with new table structure
- B. Possibility of post-closing in the alternative valuation run (AVR)
- C. Reduced number of steps in the calculation cockpit
- D. Selection of activity prices of other CO-versions in the standard run
Answer: A,C
NEW QUESTION 33
In your SAP S/4HANA system, you use the accounts approach for parallel valuation and report financial values for three separate accounting principles. You post an acquisition for an asset that is capitalized in a single accounting principle. If you use the application for posting integrated asset acquisitions, how many documents will the system post?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
NEW QUESTION 34
Which type of extension ledger do you set up to record incoming sales orders for account based profitability analysis?
- A. Prediction and commitments
- B. Valuation
- C. Simulation
- D. Extension
Answer: A
NEW QUESTION 35
Which step is automatically performed in Asset Accounting when you perform the year-end balance carryforward?
- A. The depreciation for the new year is calculated and maintained per asset in table FAAT_PLAN U VALUES
- B. The depreciation run (program FAA_DEPRECIATION_POST) for period 12 of the fiscal year i s triggered.
- C. The year-end closing (program RAJABS00) is executed and the previous fiscal year is closed.
- D. The plan/actual variance is calculated for the annual capital expense reporting on statistical cost LJ elements (type 90).
Answer: B
NEW QUESTION 36
You are migrating from classic Asset Accounting to new Asset Accounting as part of your SAP S/4HANA migration. Yon have created an additional depreciation area for group currency under the chart of depredation. What are the critical steps for fixed assets? Note: There are 3 correct answers to this question.
- A. Activate the new depreciation areas for asset classes under the chart of depreciation.
- B. Manually recalculate depreciation for the new depreciation area.
- C. Update G/L accounts for the new depreciation area for the chart of depreciation.
- D. Activate the new depreciation areas for the individual assets for the respective company codes.
- E. Update the depredation key for the new depreciation area.
Answer: A,B,C
NEW QUESTION 37
What must always be activated after the installation of SAP S/4HANA?
- A. Transfer prices
- B. Credit management
- C. Profit center accounting
- D. Material ledger
Answer: D
NEW QUESTION 38
At which level is the migration run for finance data performed?
- A. Operating concern
- B. Client
- C. Company code
- D. Controlling area
Answer: B
NEW QUESTION 39
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. Activate the CO-PA append structure in ACDOCA
- D. Maintain the proper derivation rules in transaction KEDR.
Answer: A,B
NEW QUESTION 40
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 Business Client
- B. SAP BusinessObjects Analysis for Microsoft Office
- C. SAP Fiori
- D. SAP GUI
Answer: D
NEW QUESTION 41
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 prepare for financial consolidation
- B. To use standard SAP GUI plan/actual reporting
- C. To perform planning allocation
- D. To perform availability
Answer: B,C
NEW QUESTION 42
You want to sell products from stock.
What do you need to maintain before you can analyse the cost of goods sold (COGS) subdivided By cost component in account-base (COPA).
NOTE: There are 2 correct answers to this question
- A. A collection of primary cost elements to receive the cost portions
- B. A cost splitting profile in general ledger accounting
- C. An extension ledger with type" line items with technical numbers
- D. A settlement profile to control the settlement of cost portions
Answer: A,B
NEW QUESTION 43
You your first sandbox migration and get a lot of errors. How are errors in an SAP S/4HANA migration handled? There are 2 correct answer to this question.
- A. Critical errors must be resolver in the production system before Go-live
- B. Errors must be clarified and uncritical errors must be ignored
- C. All errors related to the close years can be ignored
- D. All errors must be corrected during migration to complete it
Answer: A,D
NEW QUESTION 44
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. Public cloud
- B. Private cloud
- C. Hybrid
- D. On-premise
Answer: D
NEW QUESTION 45
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. Set the zero balance indicator
- B. Define a clearing account
- C. Assign a segment to all G/L accounts
- D. Define a PA transfer structure
Answer: A,B
NEW QUESTION 46
Where can you find the automatic write-off program to close unpaid customer balances?
- A. Collections Management
- B. Dispute Management
- C. Treasury Operations
- D. Accounts Receivable
Answer: B
NEW QUESTION 47
Which data can be transferred to both account-based CO-PA and costing-based CO-PA? There are 2 correct answers to this question.
- A. Commitments
- B. Split of cost of goods sold according to the cost component split
- C. Variances to work in process values
- D. Statistical sales conditions
Answer: B,D
NEW QUESTION 48
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