Online P_S4FIN_2021 Dumps Help You Understand Questions Well

If you're interested in pursuing the SAP Certified Application Professional certification, it's important to understand the exam format and the types of questions you can expect. This is where P_S4FIN_2021 questions come in. P_S4FIN_2021 exam dumps questions are designed to simulate the actual certification exam, providing you with a deeper understanding of the exam format and what to expect on test day. By taking practice exams and reviewing P_S4FIN_2021 questions, you can identify areas where you may need to focus your studying. Study free P_S4FIN_2021 exam dumps below.

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1. 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.

Accruals

Currency valuation

Taxes

Depreciation

Payments

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

Post time sheet data to Controlling (CAT7)

Post FI supplier invoice (FB60)

Settlement of internal order (K088)

Assessment cycle of cost centers (KSU5)

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3. 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?

The table GLTO has been removed and replaced by a compatibility view.

The table GLTO has been removed but its content has been added to table ACDOCA thanks to accompatibility view.

The table GLTO has been kept but a compatibility view has been generated to read its content.

The table GLTO has been archived but its content has been added to table ACDOCA thanks to a compatibility view.

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4. What restrictions apply when a new currency is introduced for productive company codes and ledgers? Note: There are 2 correct answers to this question.

Reconciliation for entities in asset accounting is NOT included.

Archived data CANNOT be enriched with the new currency.

New currency fields are NOT updated for existing data.

Calculated values are NOT added to the ACDOC

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5. Your customer wants to maintain the current customer and supplier account numbers even after migrating to business partners. The customer also wants to ensure the account numbers continue to be aligned after the conversion.

What settings must be made to ensure this? Note: There are 2 correct answers to this question

Use internal number ranges in the customer and supplier account groups after the conversion

Use internal number ranges in the BP groupings after the conversion

Use external number ranges in the customer and supplier account groups for the conversion.

Use external number ranges in the BP groupings for the conversion.

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6. Which processes create an artificial controlling document (document number starting with A)? Note: There are 2 correct answers to this question.

Top down distribution in margin analysis

FI posting of primary costs to production order

Stock material consumption on project

Internal activity allocation to sales order

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

Financial statement item

Functional area

Business area

G/L account

Segment

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8. In the standard delivery system, what is the maximum number of components you can use for the primary cost component split of activities and the cost component split of cost of goods sold?

160

120

40

100

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9. Which of the following is a prerequisite to activate takeover values between depreciation areas?

Takeover values are possible across all depreciation areas.

Only one depreciation area per chart of depreciation is assigned 00.

Depreciation areas must be assigned to the same accounting principles

Takeover values are no longer supported in SAP S/4HAN

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10. What does the Parallel Accounting Using G/L Accounts indicator in ledger configuration allow you to do?

Assign 2 or more ledgers to 1 accounting principle

Assign 2 or more accounting principles to 1 valuation area

Assign 2 or more accounting principles to the non-leading ledger

Assign 2 or more accounting principles to the leading ledger

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11. 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 posted when you post a partial scrapping for a single depreciation area?

3

4

2

1

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12. In what system is it required to perform all system conversion steps to identify and solve conversion errors?

Production

Quality Assurance

Sandbox

Development

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13. Which objects do you need to configure in SAP S/4HANA after a conversion from classic G/L to SAP S/4HANA? Note: There are 2 correct answers to this question.

Currency type

Accounting principle

Document type

Valuation area

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

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

Cost-based CO-PA can still be used in parallel.

Characteristics will be added to the universal journal.

Value fields will be added to the universal journal.

Historical data will be enriched with characteristics by derivation

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

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15. What is posted at the same time to both account-based and costing-based profitability analysis? Note: There are 2 correct answers to this question.

Actual revenue

Incoming sales orders

Standard cost of goods sold

CO-PA valuated insurance costs

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16. You start your first sandbox migration and get a lot of errors.

How are errors handled in an SAP S/4HANA migration? Note: There are 2 correct answers to this question.

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

All errors related to closed years can be ignored.

Errors must be clarified, and uncritical errors can be accepted

All errors must be corrected before SUM (Software Update Manager)starts.

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17. Which settings are allowed for open item management for the GR/IR account? Note: There are 2 correct answers to this question.

Reconciliation account

Classic open item management

Extended open item management

Ledger specific open item management

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18. 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.

Convert all accounts of parallel valuations to reconciliation accounts

Assign accounting principles to all real and derived depreciation areas.

Define the document type for the accounting-principle-specific documents.

Configure delta depreciation areas to no longer post to the general ledger

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19. At which level is the migration run for finance data performed?

Company code

Client

Operating concern

Controlling area

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20. Which data is converted during an SAP S/4HANA standard conversion?

Only company codes and years selected in the customizing for migration

Only company codes selected in the customizing for migration for all the years

All company codes for the years you specify

All company codes with all data of all years

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21. In Controlling, what is a mandatory customizing step when converting a system to SAP S/4HANA?

Migrate the material ledger.

Configure accounts for COGS split.

Create document type for CO postings.

Activate attributed profitability analysis

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22. In your company code, you report on profit center and segment level. You post a single invoice document for office supplies that has multiple expense line items per profit center.

What document splitting process does the system use to assign the correct profit centers and segments to the bank account line item when you post a payment for the invoice?

Document splitting default account assignment

Active document splitting

Document splitting inheritance

Passive document splitting

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23. What do you assign to a depreciation area in SAP S/4HANA asset accounting? Note:

There are 2 correct answers to this question.

A chart of depreciation

A ledger account determination key

An alternative depreciation area

An accounting principle

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24. What can you do with SAP S/4HANA Accrual Management?

Post planned accrual amounts in table ACDOCP and analyze them in reports.

Automatically calculate accruals for purchase orders with posted valuated goods receipt.

Automatically calculate accruals for asset acquisitions (direct capitalization) with purchase orders.

Post and analyze accruals in all currencies defined for the general ledger.

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