[Mar 14, 2023] Fully Updated Free Actual SAP P-S4FIN-2021 Exam Questions
Free P-S4FIN-2021 Questions for SAP P-S4FIN-2021 Exam [Mar-2023]
P-S4FIN-2021 Exam Certification Details:
| Level: | Professional |
| Duration: | 180 mins |
| Languages: | German, English |
| Cut Score: | 55% |
| Sample Questions: | SAP P-S4FIN-2021 Exam Sample Question |
SAP P-S4FIN-2021 Certification Exam Topics:
| Topic Areas | Topic Details, Courses, Books |
|---|---|
| Architecture Overview of Financials in SAP S/4HANA > 12% | Describe the technical components and architecture of financials in SAP S/4HANA, the Universal Journal Architecture, and analyse the Universal Journal Entry; outline the Simple Finance Solution. |
| Asset Accounting Configuration in SAP S/4HANA 8% - 12% | Outline the features of new Asset Accounting, compare the types of Asset Accounting (new, classic), configure new Asset Accounting, explain the new Asset Accounting posting logic, and perform day to day activities in new Asset Accounting and period end closing in new Asset Accounting. |
| Basics of SAP HANA, SAP S/4HANA and SAP Fiori < 8% | Explain the SAP HANA Architecture, the SAP S/4HANA solution and deployment, and SAP Fiori and the SAP UI strategy. |
| Management Accounting Configuration in SAP S/4HANA > 12% | Perform customizing for Management Accounting integration, configure and use the Material Ledger, explain integration of CO with materials management and integration of CO with sales and distribution, configure and use Profitability Analysis, and perform planning and budgeting for Management Accounting and period-end closing for Management Accounting. |
| Financial Accounting Configuration in SAP S/4HANA > 12% | Describe the new master data maintenance model and explain the changes to authorizations. Describe the enhancement to Ledgers with the Universal Journal; customize and use the Extension Ledger functionality; configure and Use Document Splitting; post documents to Financial Accounting; perform closing operations, and explain Financial Accounting integration. |
NEW QUESTION 44
What is required to enable the payment approval process in cash operations? There are 3 correct answers to this question.
- A. Create a rule for approvals
- B. Create scenario without approval
- C. Create rule to require signature
- D. Define a grouping method for the rule you defined
- E. Define signature methods for approvals
Answer: A,D,E
NEW QUESTION 45
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. Update G/L accounts for the new depreciation area for the chart of depreciation.
- B. Activate the new depreciation areas for the individual assets for the respective company codes.
- C. Activate the new depreciation areas for asset classes under the chart of depreciation.
- D. Manually recalculate depreciation for the new depreciation area.
- E. Update the depredation key for the new depreciation area.
Answer: A,C,D
NEW QUESTION 46
Which ledger-specific configuration can you maintain at company code level? There are 2 correct answer to this question.
- A. Fiscal year variant
- B. Posting period variant
- C. Field status variant
- D. Financial statement version
Answer: B,D
NEW QUESTION 47
In your system, you are creating a new company code that requires an additional standard ledger.Which statements apply to a standard ledger?Note: There are 2 correct answers to this question.
- A. If asset accounting is used, a depreciation area must be assigned.
- B. It is always active on the system level for all company codes.
- C. It must be assigned to an underlying ledger.
- D. It will generate additional line items in ACDOCA for non-ledger-specific postings.
Answer: A,D
NEW QUESTION 48
A customer wants to store alternative values of a foreign currency valuation in an extension ledger. What extension ledger type is needed for this purpose? Please choose the correct answer.
- A. Valuation
- B. Extension
- C. Simulation
- D. Prediction and commitments
Answer: C
NEW QUESTION 49
You want to sell products from stock. What do you need to maintain before you can analyze the cost of goods sold (COGS) subdivided by cost components in account-based CO-PA? Note: There are 2 correct answers to this question
- A. An extension ledger with type "Line items with technical numbers"
- B. A settlement profile to control the settlement of cost portions
- C. A collection of primary cost elements to receive the cost portions
- D. A cost splitting profile in general ledger accounting
Answer: C,D
NEW QUESTION 50
Which checks can you run directly in an SAP ECC system to support the planning of a standard SAP S/4HANA conversion project? Note: There are 3 correct answers to this question.
- A. Simplification Item-Check
- B. Global Performance Analysis
- C. SAP Readiness Check
- D. Authority Check
- E. Custom Code Check
Answer: A,C,E
NEW QUESTION 51
What are some features of actual costing in SAP S/4 HANA? There are 2 correct answer to this question
- A. Reduced number of steps in the calculation cockpit
- B. Selection of activity prices of other CO-versions in the standard run
- C. Possibility of post-closing in the alternative valuation run (AVR)
- D. Simplified data structure with new table structure
Answer: A,D
NEW QUESTION 52
Which of the following are available methods of valuation for depreciation areas? There are 3 correct answer to this question.
- A. Calculate additional values for acquisition and product cost.
- B. Define show values, but do NOT post any values to the G/L accounts.
- C. Define how posting values and depreciation terms can be transferred to other areas
- D. Define how asset values post for accounting principles.
- E. Calculate different values in a depreciation area for a specific purpose
Answer: C,D,E
NEW QUESTION 53
You create a G/L account and set the cost element category to 42 (assessment).In what table isthe cost element category updated?
- A. CSKA
- B. SKB1
- C. CSKB
- D. SKA1
Answer: C
NEW QUESTION 54
You carry forward balances for your company code and leading ledger to the new fiscal year 2022 and you get an error message related to asset accounting. What single action can resolve the error?
- A. Run "Calculate Depreciation" (transaction AFAR) forfiscal year 2022.
- B. Post revaluation and new valuation (transaction AR29N) forfiscal year 2021.
- C. Run the fiscal year change (transaction FAA_CMP) to close fiscal year 2020.
- D. Post all depreciation (transaction AFAB) for the fiscal year 2021
Answer: C
NEW QUESTION 55
In the standard delivery system, what isthe 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?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
NEW QUESTION 56
What must you create before you can record commitments in the universal journal?
- A. CO version
- B. Mapping for condition types
- C. Extension ledger
- D. Non-leading standard ledger
Answer: C
NEW QUESTION 57
What function of cash management allows you to create historical versions of cash flows? Please choose the correct answer.
- A. Snapshot
- B. Release cash flows
- C. Cash pooling
- D. Reconcile cash flows
Answer: A
NEW QUESTION 58
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.
- A. Because balance carryforward was performed automatically when closing the previous year
- B. Because balance carryforward was performed automatically due to postings to the subledgers in the new year
- C. L3 Because balance carryforward was performed for the leading ledger in general ledger
- D. Because balance carryforward was carried out by the Reconcile Universal Journal Entry transaction since the reconciliation displayed NO error
Answer: C
NEW QUESTION 59
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.
- A. Assign the SAP Fiori tile catalog to a role relevant for the user.
- B. Activate the OData service relevant for the app.
- C. Assign the SAP Fiori tile group to a role relevant for the user.
- D. Activate the SAP Screen Personas flavor for the app.
Answer: A,B
NEW QUESTION 60
What do you assign to a depreciation area in SAP S/4HANA asset accounting? Note: There are 2 correct answers to this question.
- A. An accounting principle
- B. An alternative depreciation area
- C. A ledger account determination key
- D. A chart of depreciation
Answer: A,B
NEW QUESTION 61
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