Apr-2023 SAP P-S4FIN-2021 Certification Real 2023 Mock Exam
P-S4FIN-2021 Exam Questions and Valid PMP Dumps PDF
P-S4FIN-2021 Exam Certification Details:
| Sample Questions: | SAP P-S4FIN-2021 Exam Sample Question |
| Duration: | 180 mins |
| Cut Score: | 55% |
| Level: | Professional |
| Languages: | German, English |
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 45
Which transaction types can be restricted to depreciation areas in new Asset Accounting? Note: There are 2 correct answers to this question.
- A. Investment support
- B. Transfers
- C. Revaluation and new valuation
- D. Retirements
Answer: A,C
NEW QUESTION 46
What cost center planning procress can write data directly to plan item table ACDOCP?
- A. Manual planning of cost with workbook
- B. Internal activity price calculation
- C. Formula planning with templates
- D. Manual planning of statistical key figures
Answer: A
NEW QUESTION 47
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.
- A. BP grouping
- B. BP role group
- C. BP category
- D. BP role
Answer: A,D
NEW QUESTION 48
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. Assign accounting principles to all real and derived depreciation areas.
- B. Configure delta depreciation areas to no longer post to the general ledger
- C. Convert all accounts of parallel valuations to reconciliation accounts
- D. Define the document type for the accounting-principle-specific documents.
Answer: A,C
NEW QUESTION 49
What do you configure to automatically create a vendor when you create a business partner?Note: There are 2 correct answers to this question.
- A. The business partner grouping key
- B. The customer/vendor integration interface
- C. Business partner relationships
- D. The partner functions for vendors
Answer: A,B
NEW QUESTION 50
Which characteristics of the ACDOCP planning table distinguish it from most other SAP S/4HANA tables?
Note: There are 2 correct answers to this question
- A. ACDOCP is a table with delta mechanism.
- B. ACDOCP derives data from ACDOCA.
- C. ACDOCP is an isolated table.
- D. ACDOCP is a cluster table.
Answer: A,C
NEW QUESTION 51
Which ledger-specific configuration can you maintain at company code level? Note: There are 2 correct answers to this question.
- A. The fiscal year variant for the standard ledger
- B. The financial statement version for both types of ledgers
- C. The valuation view for the extension ledger
- D. The posting period variant for the extension ledger
Answer: A,D
NEW QUESTION 52
Which information will be migrated automatically during an SAP S/4HANA finance migration? There are 3 correct answers to this question.
- A. Account balances
- B. Authorizations
- C. General ledger customizing
- D. Business partners customizing
- E. Material ledger customizing
Answer: A,B,E
NEW QUESTION 53
What are the data sources for cash management in SAP S/4HANA? There are 3 correct answers to this question.
- A. Consolidation records
- B. Purchase order records
- C. Memo records
- D. Sales order records
- E. Price records
Answer: B,C,D
NEW QUESTION 54
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 method
- B. Define a valuation area and ledger group for two ledgers to link with the new valuation area.
- C. Define two valuation areas and two accounting principles with relevant links to ledgers
- D. Define a valuation area and extension ledger to link with the new valuation area
Answer: C
NEW QUESTION 55
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 manually create a new ledger group that contains an extension ledger.
- D. You can link an accounting principle to a ledger group that contains an extension ledger.
Answer: D
NEW QUESTION 56
Which of the following is a prerequisite to activating takeover values between depreciation areas?
- A. Only the depreciation area for book depreciation is assigned 00
- B. Takeover values are possible across all depreciation areas
- C. Only one depreciation area per chart of depreciation is assigned 00
- D. Depreciation areas must be assigned to the same accounting principles
Answer: B
NEW QUESTION 57
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. On-premise
- B. Private cloud
- C. Public cloud
- D. Hybrid
Answer: A
NEW QUESTION 58
Which values are stored in the universal journal (ACDOCA)?Note: There are 2 correct answers to this question.
- A. Actual costing results
- B. Transfer prices
- C. Parallel currencies
- D. Elimination of intercompany postings
Answer: B,C
NEW QUESTION 59
A fixed asset is to be posted in the new fiscal year. Which closing activity must be carried out for this?
- A. All APC values must have been posted using report "Periodic Asset Postings".
- B. Depreciation for the new year must be recalculated (transaction AFAR).
- C. All depreciation (transaction AFAB) up to that point must be posted.
- D. Fiscal year change program must have been executed (transaction FAA_CMP).
Answer: D
NEW QUESTION 60
There are 8 customer-specific charts of depreciation in the client that area assigned to 22 active company codes, as required Additionally, there are 7 reference and unused. How many you charts of depreciation do you migrate?
- A. 0
- B. 1
- C. 2
- D. 3
- E. 4
Answer: E
NEW QUESTION 61
How does the Near-Zero Downtime method minimize the downtime of the productive SAP system during migration?
- A. The data from previous years is archived.
- B. Optimized data compression is used to minimize the data volume.
- C. A clone of the productive system is used.
- D. SQL database commands are used to accelerate the migration
Answer: C
NEW QUESTION 62
Which object do you enter in controlling transactions to update a specific valuation in the universal journal?
- A. Accounting principle
- B. Ledger
- C. Ledger group
- D. Valuation area
Answer: C
NEW QUESTION 63
Which downstream activities can be updated when you post a payment in receivables management? Note:
- A. Release of an order from credit hold
- B. Update of days sales outstanding calculations
- C. Reduction of an open dispute case amount
- D. There are 2 correct answers to this question.
- E. Update of a promise to pay
Answer: A,E
NEW QUESTION 64
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 the non-leading ledger
- C. Assign 2 or more accounting principles to 1 valuation area
- D. Assign 2 or more accounting principles to the leading ledger
Answer: D
NEW QUESTION 65
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.
- A. Activate new Asset Accounting.
- B. Post required documents in FI and CO.
- C. Perform G/L customizing for migration.
- D. Run balance sheets and G/L account balances.
- E. Start the RAPERB2000 asset report.
Answer: B,D,E
NEW QUESTION 66
Which of the following is a prerequisite to activate takeover values between depreciation areas?
- A. Only one depreciation area per chart of depreciation is assigned 00.
- B. Takeover values are no longer supported in SAP S/4HANA.
- C. Takeover values are possible across all depreciation areas.
- D. Depreciation areas must be assigned to the same accounting principles
Answer: C
NEW QUESTION 67
In Controlling, what is a mandatory customizing step when converting a system to SAP S/4HANA?
- A. Activate attributed profitability analysis
- B. Migrate the material ledger.
- C. Create document type for CO postings.
- D. Configure accounts for COGS split.
Answer: A
NEW QUESTION 68
What setting must be identical between the company code and controlling area?
- A. The number of postings and special periods
- B. The number of posting periods
- C. The fiscal year variant key
- D. The number of special periods
Answer: C
NEW QUESTION 69
In your system you have multiple standard ledgers .Which values can be posted to a single ledger? Note: There are 3 correct answers to this question.
- A. Depreciation
- B. Accruals
- C. Taxes
- D. Currency valuation
- E. Payments
Answer: A,B,D
NEW QUESTION 70
......
P-S4FIN-2021 Question Bank: Free PDF Download Recently Updated Questions: https://www.braindumpspass.com/SAP/P-S4FIN-2021-practice-exam-dumps.html
P-S4FIN-2021 Brain Dump: A Study Guide with Tips & Tricks for passing Exam: https://drive.google.com/open?id=1boR0tWTIH6Gz2-pF8D1MyKeiOByyofkM
