Latest [Jun 18, 2023] Real SAP P-S4FIN-2021 Exam Dumps Questions

P-S4FIN-2021 Dumps To Pass SAP Certified Application Professional Exam in One Day (Updated 82 Questions)

The SAP P-S4FIN-2021 (Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts) Certification Exam is a globally recognized certification that validates the skills and knowledge of SAP finance experts in the latest SAP S/4HANA technologies. The exam is designed for professionals who work with SAP ERP Financials and want to keep up with the latest SAP S/4HANA trends.

 

NEW QUESTION # 27
Which modules read and write line items of the universal journal (ACDOCA)? There are 2 correct answers to this question

• A. Actual costing
• B. Cash Management
• C. Account based Profitability-Analysis
• D. Costing-based profitability analysis

Answer: C,D

NEW QUESTION # 28
How data is converted during an SAP S/4HANA standard conversions?

• A. All company codes for the years you specify
• B. All company codes with all data of all years
• C. Only company codes flagged as productive with all years
• D. Only company codes and years selected in the customizing for migration

Answer: B

NEW QUESTION # 29
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

• A. Post FI supplier invoice (FB70)
• B. Post time sheet data to Controlling (CAT7)
• C. Settlement of internal order (K088)
• D. Assessment cycle of cost centers (KSUS)

Answer: A,B

NEW QUESTION # 30
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. Manually recalculate depreciation for the new depreciation area.
• B. Update G/L accounts for the new depreciation area for the chart of depreciation.
• C. Activate the new depreciation areas for asset classes under the chart of depreciation.
• D. Update the depredation key for the new depreciation area.
• E. Activate the new depreciation areas for the individual assets for the respective company codes.

Answer: A,B,C

NEW QUESTION # 31
Which type of extension ledger do you set up to record incoming sales orders for account based profitability analysis?

• A. Simulation
• B. Valuation
• C. Extension
• D. Prediction and commitments

Answer: D

NEW QUESTION # 32
What does the Parallel Accounting Using G/L Accounts indicator in ledger configuration allow you to do?

• A. Assign 2 or more accounting principles to the non-leading ledger
• B. Assign 2 or more accounting principles to 1 valuation area
• C. Assign 2 or more ledgers to 1 accounting principle
• D. Assign 2 or more accounting principles to the leading ledger

Answer: D

NEW QUESTION # 33
In your system. You are creating a new company code that requires as additional standard ledger. Which statements apply to a standard ledger? There are 2 correct answer to this question

• A. It is always active on the system level for all company codes
• B. It will generate additional line items in ACDOCA for non-ledger-specific postings
• C. It must be assigned to underlying ledger
• D. If asset accounting is used depreciation area must be assigned

Answer: B,D

NEW QUESTION # 34
Which fields do you maintain when defining the source ledger for migration of balances?Note: There are 2 correct answers to this question.

• A. Year
• B. Company code
• C. Source table
• D. Period

Answer: A,B

NEW QUESTION # 35
What is the earliest point in time that the attributed profitability segments can be derived?

• A. When you run the top-down distribution in margin analysis
• B. When you settle the cost to margin analysis
• C. When you post the primary cost document to a WBS element
• D. When you assess the costs to margin analysis using the universal allocation

Answer: C

NEW QUESTION # 36
In which cases can you use a transfer price for goods movement in parallel valuation? There are 2 correct answers to this question.

• A. Between two company codes
• B. Between two profit centres
• C. Between two accounting principles
• D. Between two plants

Answer: A,B

NEW QUESTION # 37
What can you do in the extension ledgers configuration? Please choose the correct answer.

• A. You can assign a freely defined currency to an extension ledger.
• B. You can create an extension ledger for which the underlying ledger is an extension ledger.
• C. You can link an accounting principle to a ledger group that contains an extension ledger.
• D. You can manually create a new ledger group that contains an extension ledger.

Answer: C

NEW QUESTION # 38
In which of the possible scenarios can you indicate that an account is also a statistical cost element?Note: There are 2 correct answers to this question.

• A. It is used as inventory account (BSX) in the material account assignment.
• B. It is used as special reserve balance account in fixed asset accounting.
• C. It is used as balance sheet account for APC costsin fixed asset accounting.
• D. It is used as WIP account from price differences in the material account assignment

Answer: C,D

NEW QUESTION # 39
If you use the ledger approach, which customization settings must you apply for new Asset Account? Note:
There are 2 correct answers to these questions.

• A. Define a technical clearing account for integrated asset acquisitions.
• B. Assign a controlling version to each depreciation area.
• C. Set reconciliation account for parallel valuation (non-leading ledger).
• D. Assign an accounting principle to every depreciation area.

Answer: A,D

NEW QUESTION # 40
You perform a direct activity allocation. Which database tables are updated? Note: There are 2 correct answers to this question

• A. ACDOCA
• B. COBK
• C. COSS
• D. BSEG

Answer: A,B

NEW QUESTION # 41
In what system is it important to perform all system conversion steps to identify and solve conversion errors?

• A. Development
• B. Sandbox
• C. Productive
• D. Quality Assurance
• E. Please choose the correct answer.

Answer: A

NEW QUESTION # 42
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The SAP P-S4FIN-2021 certification exam is recognized globally and is an important credential for finance professionals. The certification is highly valued by employers as it demonstrates the candidate’s proficiency in SAP S/4HANA financial processes and their commitment to professional development. Achieving this certification can open up doors to new job opportunities and career advancement.

 

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