Super P_S4FIN_2021 Exam Dumps Questions For Completing The Preparation OF P_S4FIN_2021 Exam

Eleanor2024-10-14T15:38:58+00:00

By Eleanor SAP, SAP Certified Application Professional

SAP Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021) certification is for early adopters to validates their ability to independently prepare, setup and lead an implementation project of Financials in SAP S/4HANA. If you are planning to take SAP P_S4FIN_2021 exam but have no idea, just choose the SAP P_S4FIN_2021 exam dumps questions of ITPrepare as the preparation materials. It must be clear that preparing SAP P_S4FIN_2021 exam questions and answers with the super P_S4FIN_2021 exam dumps questions is the most effetive way to pass SAP Certified Application Professional P_S4FIN_2021 exam easily.

Check P_S4FIN_2021 Free Dumps Questions Online Below

Page 1 of 7

1. Which reports are included with SAP S/4HANA, embedded analytics? There are 2 correct answer to this question.

SAP Lumira reports

SAP Analysis for Microsoft Office reports

Multidimensional reports

Analytical List Page reports

2. On which levels can you assign semantic tags to a financial statement version in SAP Fiori? There are 3 correct answer to this question.

Financial statement item

Segment

G/L account

Functional area

Business area

3. For which Cases Can you Use SAP Product Lifecycle Costing? There are 2 correct answer to this question

Standard price cost estimates

Preliminary cost estimates

Quotation costing

Sales order cost estimates

4. You have integrated SAP Cash Application on the SAP Cloud Platform with your SAP S/4HANA system.

Which process does SAP Cash Application help you with?

Cash flow reporting

Bank statement processing

Monitoring bank risk

Cash journal logging

5. At which level do you define that a G/L account is a secondary cost account?

Company code

Controlling area

Chart of accounts

Operating concern

6. You carry forward balances for your company code and leading ledger to the new fiscal year 2021 and year What could resolve the error?

Run "calculate depreciation" (transition AFAR) for fiscal year 2021

Post revaluation and new valuation (transition AR29N) for fiscal year 2020

Run the fiscal year change (transition FAA_CMP) to close fiscal year 2019

Post all depreciation (transaction AFAB) for the fiscal year 2020

7. Before conversion to SAP S/4HANA, which activities must be completed in the SAP ERP system for Asset Accounting? There are 3 correct answers to this question.

Close all fiscal years except the current one

Define depreciation area for all currency types

Activate Enterprise Extension EA-FIN

Define a technical clearing account for integrated acquisitions

Assign accounting principle to all depreciation areas

8. You want to configure an extension ledger.

Which steps do you need to take? 2 correct answers

Select an underlying ledger for the Extension Ledger

Assign a Fiscal Year variant to the Extension Ledger

Specify the document types for the Extension Ledger

Specify currency types for the Extension Ledger

9. 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.

Accounting principle

Transaction type

Depreciation area

Ledger group

10. You activate account-based CO-PA (Profitability Analysis) during migration.

How is the system affected? There are 3 correct answers to this question.

Historical data will be enriched with characteristics by derivation

Cost based CO-PA can still be used in parallel

Cost component split (COGS) can be configured in financial accounting

Value fields will be added to the universal Journal

Characteristics will be added to universal journal

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11. 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 collection of primary cost elements to receive the cost portions

A settlement profile to control the settlement of cost portions

An extension ledger with type" line items with technical numbers

A cost splitting profile in general ledger accounting

12. 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

Assign a segment to all G/L accounts

Set the zero balance indicator

Define a clearing account

Define a PA transfer structure

13. You define an additional extension ledger.

What type of ledger can you assign as underlying ledger?

Standard ledger

Material ledger

Special ledger

Reconciliation ledger

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

Account based Profitability-Analysis

Actual costing

Costing-based profitability analysis

Cash Management

15. You are converting your system to SAP S/4HANA.

Which functionality became obsolete in SAP S/4HANA in asset accounting and needs to be

insurance values in the asset master record

non-posting depreciation areas

year-end closing

segment and profit centre reporting

16. On what level can you assign a fiscal year variant to a company code?

Valuation area

Depreciation area

Ledger

Accounting principle

17. Which of the following roles are delivered as business partner roles? Note: There are 3 correct answers to this question

Distribution channels

Banks

Suppliers

Bank accounts

Employees

18. What are the data sources for cash management in SAP S/4HANA? There are 3 correct answers to this question.

Price records

Sales order records

Purchase order records

Memo records

Consolidation records

19. Which type of extension ledger do you set up to record incoming sales orders for account based profitability analysis?

Extension

Simulation

Prediction and commitments

Valuation

20. What is the purpose of the retraction workbook? Please choose the correct answer.

Retract planning data from ERP to BW

Retract planning data from BW to ERP

Retract planning data from BPC to ERP

Retract planning data from ERP to BPC

Page 3 of 7

21. Which of the following are key benefits of SAP S/4HANA? Note: There are 2 correct answers to this question.

Reduced throughput

Choice of database

Choice of deployment

Reduced footprint

22. 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?

The customers uses the accounts approach for parallel accounting.

The system uses classic asset account to manage fixed assets

The system has document splitting activated for all company codes

The customer does NOT use business partners to manage customers and suppliers

23. At which level does the functional migration for finance data have to be performed?

Controlling area

Company code

Client

System

24. You create a G/L account and set the cost element category to 42 (assessment).

In what table is the cost element category updated?

CSKA: Cost Elements (Data Dependent on chart of Accounts)

SKA1: G/L Account Plaster (Chart of Accounts)

CSKB: Cost Elements (Data Dependent on Controlling Area)

SKBI: G/L Account Plaster (Company Code)

25. Which values can be posted to a specific ledger? There are 3 correct answer to this question.

Depreciation

Taxes

Payments

Accruals

Currency valuation

26. Which technology supports adoption of the SAP HANA architecture?

High-speed, long-range wireless network protocols.

Fast and reliable solid-state disks

Smartphone devices

In Multi-core, multi-thread central processing units.

27. Which object do you enter in controlling transactions to update a specific valuation in the universal journal?

Ledger group

Valuation area

Ledger

Accounting principle

28. What can you do with asset accounting in SAP S/4HANA Finance? There are 3 correct answer to this question.

Assign separate settlement rules for depreciation areas.

Complete periodic acquisition and production cost adjustments postings

Post revenue for retirements by acquisition and production cost

Simultaneously post separate values by depreciation area.

Define transaction types by depreciation area

29. Which transaction types can be restricted to depreciation areas in new Asset Accounting? Note: There are 2 correct answers to this question.

Transfers

Revaluation and new valuation

Investment support

Retirements

30. What can you do in the extension ledgers configuration? Please choose the correct answer.

You can assign a freely defined currency to an extension ledger.

You can manually create a new ledger group that contains an extension ledger.

You can create an extension ledger for which the underlying ledger is an extension ledger.

You can link an accounting principle to a ledger group that contains an extension ledger.

Page 4 of 7

31. 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.

Activate the SAP Screen Personas flavor for the app.

Assign the SAP Fiori tile group to a role relevant for the user.

Activate the OData service relevant for the app.

Assign the SAP Fiori tile catalog to a role relevant for the user.

32. A customer is currently running SAP ERP and wants to transition to a new implementation of SAP S/4HANA 1809. Yea are required to provide them with a solution that enable them transition to SAP S/4 HANA Customer specific enhancements.

Which of the following tools will help leverage the transition process?

Software Update Manager

SAP S/4HANA migration cockpit

SAP Transformation navigator

SAP Readiness check for sap S/4 HANA

33. What models are required to support advanced planning for embedded BPC? There are 2 correct answers to this question.

Exchange Rate model

Consolidation model

Ownership model

Source model

34. The screenshot displays how the depreciation areas of a chart of depreciation post, to the G/L By looking at the screenshot what can you learn about the company code and ledger configuration?

There are two ledgers posted during transaction processing.

There are no more than two ledger groups defined for the company code

There is one extension ledger assigned to the leading ledger.

There are two currency types assigned to the company code.

35. You maintain a Launchpad for users to which role Z MANACC is assigned.

What do you need to do make an app available on the users Launchpad?

Activate the OData Service for role Z MANACC which is assigned to the app according to the SAP Fiori apps reference library

Assign the app directly to role Z MANACC

Add the app to a catalog and a group that are assigned to role Z MANACC

Activate the user parameter for PFCG (role maintenance) for role Z MANACC

36. Which actions will dose a dispute case created for a short payment? Note: There are 2 correct answers to this question.

Running the automatic write-off program.

Running the auto-confirm dispute case program.

Posting a credit memo for only cash discount amount.

Receiving a payment for the open amount.

37. In controlling, what is a mandatory customizing step when convening a system to SAP S/4HANA?

Create document type for CO postings

Define profit center hierarchy.

Migrate the material ledger

Activate account based CO-PA

38. What are the key components of the Intelligent Enterprise by SAP? There are 3 correct answer to this question.

Intelligent technologies

Seamless integration

Intelligent suite

Digital platform

Hybrid Cloud

39. 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

40. Which transactions generate a prima nota entry in the system in addition to the universal journal entry? There are 2 correct answers to this question

Post time sheet data to Controlling (CAT7)

Post FI supplier invoice (FB70)

Settlement of internal order (K088)

Assessment cycle of cost centers (KSUS)

Page 5 of 7

41. 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

Set the G/L account type to Non-operating Expenses or income

Enter value 90in the cost element category field

Define the G/L account as an asset reconciliation account

Select the Record Account Assignment indicator

42. Which of the following options in SAP S/4HANA 1809 is only possible in costing-based CO-PA and NOT in account-based CO-PA?

Sales order entry postings.

Manual postings.

Cost of goods sold (COGS) split per cost component.

Production variance split per variance category.

43. Which step is automatically performed in Asset Accounting when you perform the year-end balance carryforward?

The depreciation for the new year is calculated and maintained per asset in table FAAT_PLAN U VALUES

The plan/actual variance is calculated for the annual capital expense reporting on statistical cost LJ elements (type 90).

The year-end closing (program RAJABS00) is executed and the previous fiscal year is closed.

The depreciation run (program FAA_DEPRECIATION_POST) for period 12 of the fiscal year is triggered.

44. Your company code is configured with three depreciation areas that post in real time The

company is configured to update company code and group currency types.

How many documents are osted when you post a partial scrapping for a single depreciation area?

45. 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.

Billing condition types

G/L accounts

Profit center

Cost element categories

Value field

46. 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

47. What can you do in the Cockpit view of SAP Product Lifecycle Costing?

Receive an overview of the available master data

Manage calculation versions.

View the costing structure.

Define global settings for currencies and units of measure.

48. What data for asset accounting is stored in the universal journal?

Planned depreciations and revaluations of all depreciation areas that are set to post to the G/L

Acquisition and production cost values of all depreciation areas that are defined as real depreciation areas.

Acquisition and production cost values of all depreciation areas that are assigned to an accounting principle.

Actual depreciation of all depreciation area that are set to post depreciation periodically

49. You want to refine the settings for splitting variance categories into G/L accounts in an SAP S/4HANA 1809 system with account-based CO-PA.

Which prerequisites must be met? Note: There are 2 correct answers to this question.

You have set up accounts for transaction key BSX and GBB in the MM account determination.

You have executed the variance calculation in CO-P

You have defined a settlement profile that allows the settlement of variances for your order type

You have defined a PA transfer structure for settlement.

50. You migrate a system from SAP ERP with classic G/L to SAP S/4HANA.

Which activities must you perform in the productive SAP S/4HANA system before the software is installed? Note: There are 3 correct answers to this question.

Post required documents in FI and C

Start the RAPERB2000 asset report.

Run balance sheets and G/L account balances.

Activate new Asset Accounting.

Perform G/L customizing for migration.

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51. What are possible post-migration activities for SAP S/4HANA migration projects? Note: There are 2 correct answers to this question

Fill offsetting accounts in financial documents

Transfer archived documents into ACDOCA

Update the open items through data aging

Calculate the net due date and discount due dates for open items

52. 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.

An additional accounting principle

An extension ledger

A non-leading ledger

Zero balance Indicator for profit center

53. 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.

Classic profit center accounting.

Account-based CO-PA

General ledger accounting

Costing-based CO-PA

54. What conversion preparation step can be executed only after installing SAP S/4HANA? Please choose the correct answer.

Maintenance planner

Simplification item check

Check customizing settings prior to migration

SAP readiness check

55. 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

56. How data is converted during an SAP S/4HANA standard conversions?

All company codes with all data of all years

All company codes for the years you specify

Only company codes and years selected in the customizing for migration

Only company codes flagged as productive with all years

57. In your SAP S/4HANA system, ledger group LI is assigned to a US GAAP accounting principle. You want to assign ledger group to the LI to a separate depreciation areas that posts acquisition and production cost APC) and depreciation values.

Which of the following limitations prevent you from making assignment?

You use the accounts approach to parallel valuation and all accounting principles are assigned to a single ledger

The US GAAP values need to be reported in USG-but-the company code currency is defined as L1 EU

One of the underlying ledgers is assigned to a fiscal year variant that has a different start/end date than the other ledgers.

You assign transfer of APC values only from depreciation areas to which the same accounting principle is assigned.

58. 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.

59. What must always be activated after the installation of SAP S/4HANA?

Transfer prices

Credit management

Material ledger

Profit center accounting

60. Where do you assign the customer and vendor account groups when preparing for integration with the business partner (BP)? Note: There are 2 correct answers to this question.

BP role group

BP grouping

BP role

BP category

Page 7 of 7

61. Which information will be migrated automatically during an SAP S/4HANA finance migration? There are 3 correct answers to this question.

Account balances

Authorizations

General ledger customizing

Material ledger customizing

Business partners customizing

62. You start 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.

All errors must be corrected during migration to complete it.

All errors related to closed years can be ignored.

Errors must be clarified, and uncritical errors can be ignored

Critical errors must be resolved in the production system before Go Live.

63. How many digits for the amount field on the financial document line item level are supported in the universal journal?

64. The classic Asset Accounting posts acquisitions and retirements for a second accounting principle to an extra offset account in the account approach.

How is this handled in new Asset Accounting using an accounts approach in SAP S/4HANA?

There is no need to use such offset accounts anymore because of real-time postings

The extra offset account has to be used as in the classic Asset Accounting

The accounts approach must be replaced because the ledger approach is the only valid option

The extra offset account is obsolete and will be replaced by the technical clearing account

65. 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.

Activate the new depreciation areas for asset classes under the chart of depreciation.

Manually recalculate depreciation for the new depreciation area.

Activate the new depreciation areas for the individual assets for the respective company codes.

Update the depredation key for the new depreciation area.

Update G/L accounts for the new depreciation area for the chart of depreciation.

66. How can you set up multiple valuations for transfer pricing in your SAP S/4HANA system? There are 2 correct answer to this question.

You can assign each valuation to a separate ledger

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

You can assign additional valuation to special led er(FI-SL).

You can assign additional valuation to the extension ledger

67. You need to select the Apply Account Assignments Statistically in Fixed Asset Account/Material Account checkbox in a G/L account master record for an assert G/L account, but a these field is currently, NOT available.

What could be the reasons for this behavior? Note: There are 2 correct answers to this question.

The G/L account is NOT maintained in the account determination of fixed asset accounting

The G/L account is NOT maintained in the account determination for materials management.

The G/L account is NOT a reconciliation account type for assets.

The G/L account is NOT maintained in the account determination for real-time integration with UC

68. You run an assessment cycle, but no postings are made because the posting period is NOT open.

Which period intervals do you need to maintain so that the results of the assessment can be posted without allowing other FI postings?

Only interval 3

Only interval 2

Intervals 1 and 3

Intervals 1 and 2

69. 1.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'?

Materials

Fixed assets

Suppliers

Production orders

70. Which data can be transferred to both account-based CO-PA and costing-based CO-PA? There are 2 correct answers to this question.

Commitments

Variances to work in process values

Statistical sales conditions

Split of cost of goods sold according to the cost component split

Super P_S4FIN_2021 Exam Dumps Questions For Completing The Preparation OF P_S4FIN_2021 Exam

Super P_S4FIN_2021 Exam Dumps Questions For Completing The Preparation OF P_S4FIN_2021 Exam

Check P_S4FIN_2021 Free Dumps Questions Online Below

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