P-S4FIN-2021 Dumps To Pass SAP Certified Application Professional Exam in One Day (Updated 82 Questions)
P-S4FIN-2021 Exam Brain Dumps - Study Notes and Theory
SAP P-S4FIN-2021 Exam Syllabus Topics:
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SAP P-S4FIN-2021 Exam Description:
PLEASE NOTE: This certification has been published for early adopters. Some recommended ‘ways to attain’ are not yet available. - - - - - - - - - - - - - - - - The 'SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021)' certification exam validates a candidate's ability to independently prepare, setup and lead an implementation project of Financials in SAP S/4HANA. The candidate should have experience in implementing Financial Accounting and Management Accounting of at least 5 years. In addition, the candidate should understand the differences and innovations in architecture, configuration, and business process execution with SAP S/4HANA. Finally, the candidate will be able to perform all the preparation and execution steps of a project to convert an SAP ERP system to SAP S/4HANA. The core of the knowledge required for successfully passing the certification exam is in the SAP Education curriculum (course, course book including the notes), however the exam scope extends beyond what is explicitly within the content of the materials. In addition, the materials themselves assume an advanced level of familiarity with the implementation, configuration, and execution of SAP Finance business processes with the SAP ERP application. This certificate proves that the candidate has the overall understanding and skills required to be a qualified supervisor of the team performing the implementation of Financials in SAP S/4HANA. The candidate also has all required capabilities to act as an application consultant and team member himself/herself. The certificate issued for passing this exam will be valid for 5 years.
NEW QUESTION 21
You are converting yoursystem to SAP S/4HANA. In yoursystem, you have:Three company codes assigned to a single controlling area. Controlling area is assigned to fiscal year variant K4. Two company codes assigned to fiscal year variant K2. One company code assigned to variant K3.During conversion to SAP S/4HANA, what do you need to change?
- A. Change all company codes to fiscal year variant K2.
- B. Change all company codes to fiscal year variant K4.
- C. Create a new fiscal year variant (for example Z4) and assign it to all company codes and the controlling area.
- D. Change all company codes and the controlling area to fiscal year variant K2.
Answer: B
NEW QUESTION 22
You run foreign currency valuation for both local and international GAAP. This leads to different values for the two different accounting principles. How can you set this up in the system?
- A. Define two valuation methods and assign the accounting principles to the new valuation methods
- B. Define a valuation area and ledger group for two ledgers to link with the new valuation area
- C. Define a valuation area and an accounting principle with relevant links to ledgers.
- D. Define two valuation areas and two accounting principles with relevant links to ledgers.
Answer: D
NEW QUESTION 23
What conversion preparation step can be executed only after installing SAP S/4HANA? Please choose the correct answer.
- A. Check customizing settings prior to migration
- B. Maintenance planner
- C. SAP readiness check
- D. Simplification item check
Answer: A
NEW QUESTION 24
On what level can you assign a fiscal year variant to a company code?
- A. Ledger group, for standard ledger type
- B. Ledger group, for any type of ledger
- C. Ledger, for any type of ledger
- D. Ledger, forstandard ledger type
Answer: C
NEW QUESTION 25
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 accounting principles to 1 valuation area
- C. Assign 2 or more accounting principles to the leading ledger
- D. Assign 2 or more accounting principles to the non-leading ledger
Answer: C
NEW QUESTION 26
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 removed and replaced by a compatibility view.
- B. The table GLTO has been kept but a compatibility view has been generated to read its content.
- C. The table GLTO has been archived but its content has been added to table ACDOCA thanks to a compatibility view.
- D. The table GLTO has been removed but its content has been added to table ACDOCA thanks to accompatibility view.
Answer: A
NEW QUESTION 27
What is the maximum number of currency types that you can report on for a Ledger?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION 28
Your customer uses the ledger approach to multiple valuation. During conversion to SAP S/4HANA, which configurations will be required? Note: There are 2 correct answers to this question.
- A. Define the document type for the accounting-principle-specific documents.
- B. Configure delta depreciation areas to no longer post to the general ledger
- C. Assign accounting principles to all real and derived depreciation areas.
- D. Convert all accounts of parallel valuations to reconciliation accounts
Answer: C,D
NEW QUESTION 29
What is the earliest point in time that the attributed profitability segments can be derived?
- A. When you post the primary cost document
- B. When you settle the cost to profitability analysis
- C. When you run result the analysis for cost objects
- D. When you run the realignment in profitability analysis
Answer: A
NEW QUESTION 30
You post a payment to a supplier invoice. In the universal journal table, you see that more line items are created than were visible in the document entry view. Which configuration may have caused the additional line items? Note: There are 2 correct answers to this question.
- A. The summarization in ACDOCA
- B. An extension ledger
- C. Zero balance indicator for profit center
- D. A non-leading ledger
Answer: A,B
NEW QUESTION 31
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?
- A. Monitoring bank risk
- B. Cash flow reporting
- C. Bank statement processing
- D. Cash journal logging
Answer: B
NEW QUESTION 32
Which technology supports adoption of the SAP HANA architecture?
- A. Fast and reliable solid-state disks
- B. High-speed, long-range wireless network protocols.
- C. In Multi-core, multi-thread central processing units.
- D. Smartphone devices
Answer: C
NEW QUESTION 33
Your customer's company code is assigned to a chart of depreciation with three depreciation areas that post in real time. Last year, your customer acquired an asset that was only capitalized In two of the depredation areas this year you post an integrated asset sale to a customer for this asset. How many documents are generated during the sale posting?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION 34
You activate account-based CO-PA (Profitability Analysis) during migration. How is the system affected?
There are 3 correct answers to this question.
- A. Historical data will be enriched with characteristics by derivation
- B. Characteristics will be added to universal journal
- C. Cost based CO-PA can still be used in parallel
- D. Value fields will be added to the universal Journal
- E. Cost component split (COGS) can be configured in financial accounting
Answer: B,C,E
NEW QUESTION 35
Which technologies help you decrease data volume in the SAP HANA database? There are 2 correct answer to this question.
- A. Archiving
- B. Aging
- C. Indexing
- D. Mirroring
Answer: A,B
NEW QUESTION 36
If a customer decides to deploy SAP S/4HANA Cloud instead of SAP S/4HANA on premise, what distinct benefits will the customer gain? Note: There are 3 correct answers to this question
- A. Higher degree of customization
- B. Automatic updates every 3 months
- C. Personalization through self-service configuration
- D. Faster initial implementation
- E. Seamless adoption of the existing processes
Answer: B,D,E
NEW QUESTION 37
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. Maintain the proper derivation rules in transaction KEDR.
- B. Activate the CO-PA append structure in ACDOCA
- C. Generate the operating concern.
- D. Create the user-defined characteristic and add it to the operating concern
Answer: C,D
NEW QUESTION 38
What are the consequences in an SAP ERP system when activating the business function EA-FIN to support conversion to SAP S/4HANA?
- A. New asset accounting is activated.
- B. Period posting (ASKB) became obsolete.
- C. New depreciation engine is used.
- D. Parallel ledgers are available.
Answer: A
NEW QUESTION 39
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. All errors must be corrected during migration to complete it
- B. Errors must be clarified and uncritical errors must be ignored
- C. All errors related to the close years can be ignored
- D. Critical errors must be resolver in the production system before Go-live
Answer: A,D
NEW QUESTION 40
You post an asset acquisition with a purchase order. How is the asset acquisition value posted?
- A. Valuated acquisition is posted at invoice receipt.
- B. Valuated acquisition is posted at settlement
- C. Non-valuated acquisition is posted at invoice receipt.
- D. Non-valuated acquisition is posted at goods receipt-
Answer: C
NEW QUESTION 41
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?
- A. The extra offset account has to be used as in the classic Asset Accounting
- B. There is no need to use such offset accounts anymore because of real-time postings
- C. The accounts approach must be replaced because the ledger approach is the only valid option
- D. The extra offset account is obsolete and will be replaced by the technical clearing account
Answer: D
NEW QUESTION 42
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