[Oct 20, 2023] P-S4FIN-2021 Dumps Full Questions - Exam Study Guide
SAP Certified Application Professional Free Certification Exam Material from DumpsTorrent with 82 Questions
SAP P-S4FIN-2021 exam is a rigorous and comprehensive assessment of the candidate’s abilities in SAP S/4HANA financial processes. P-S4FIN-2021 exam focuses on topics such as financial closing, financial accounting, management accounting, and financial supply chain management. In order to pass the exam, candidates must demonstrate their understanding of these topics and their ability to apply them in various scenarios.
To take the SAP P-S4FIN-2021 certification exam, you need to have a solid understanding of SAP S/4HANA and experience in implementing financial solutions. You should also have knowledge of core financial processes, including accounts receivable, accounts payable, general ledger accounting, and asset accounting.
SAP P_S4FIN_2021 certification exam is a valuable certification for SAP ERP Finance experts who want to validate their knowledge and skills in financials in SAP S/4HANA. Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts certification is recognized globally and can help professionals enhance their career prospects in the SAP ecosystem.
NEW QUESTION # 34
Which fields do you maintain when defining the source ledger for migration of balances? There are 2 correct answer to this question.
- A. Company Code
- B. Year
- C. Source table
- D. Period
Answer: A,B
NEW QUESTION # 35
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. Global Performance Analysis
- B. Simplification Item-Check
- C. Authority Check
- D. SAP Readiness Check
- E. Custom Code Check
Answer: B,D,E
NEW QUESTION # 36
Which processes create an artificial controlling document (document numberstarting with A)?Note: There are 2 correct answers to this question.
- A. Stock material consumption on project
- B. FI posting of primary costs to production order
- C. Internal activity allocation to sales order
- D. Top down distribution in margin analysis
Answer: B,D
NEW QUESTION # 37
Your customer has an SAP ERP system with classic G/L accounting and wants to convert directly to SAP S/4HANA as soon as possible during the current fiscal year via standard conversion. Which limitations apply in SAP S/4HANA? Note: There are 3 correct answers to this question.
- A. You must use the accounts approach to parallel valuation.
- B. You cannot configure and activate document splitting during conversion.
- C. You must configure profit center and segment accounting.
- D. You must continue to use Special Purpose Ledger for preparation for consolidation.
- E. You must define valuation areas for foreign currency valuation.
Answer: B,C,D
NEW QUESTION # 38
Which settings are allowed for open item management for the GR/IR account? Note: There are 2 correct answers to this question.
- A. Reconciliation account
- B. Extended open item management
- C. Ledger specific open item management
- D. Classic open item management
Answer: A,D
NEW QUESTION # 39
What cost center planning process can write data directly to plan item table ACDOCP?
- A. Internal activity price calculation
- B. Manual planning of statistical key figures
- C. Planning in SAP Analytics Cloud
- D. Formula planning with templates
Answer: B
NEW QUESTION # 40
On what level can you assign a fiscal year variant to a company code?
- A. Ledger, for any type of ledger
- B. Ledger, forstandard ledger type
- C. Ledger group, for standard ledger type
- D. Ledger group, for any type of ledger
Answer: A
NEW QUESTION # 41
How can financial data be stored in the SAP S/4HANA system tables? Note: There are 2 correct answers to this question.
- A. There can be a line item in ACDOCA without a corresponding line item in BSEG.
- B. There can be a line item in ACDOCA without a corresponding line item in BKPF.
- C. There can be a line item in BSEG without a corresponding document in BKPF.
- D. There can be a line item added in BSEG without a corresponding line item in ACDOCA.
Answer: B
NEW QUESTION # 42
What setting must be identical between the company code and controlling area?
- A. The number of posting periods
- B. The number of special periods
- C. The fiscal year variant key
- D. The number of postings and special periods
Answer: C
NEW QUESTION # 43
You notice alpha-numeric document numbers in the Universal journal that do not have a separate document header stored in the BKPF table. Which activities may lead to alpha- numeric document numbers? There are 2 correct answer to this question
- A. balance carry forward
- B. Settlement of investment orders
- C. Corrections due to migrations
- D. Cross company code postings
Answer: A,C
NEW QUESTION # 44
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.
- A. Segment
- B. Financial statement item
- C. Business area
- D. Functional area
- E. G/L account
Answer: B,D,E
NEW QUESTION # 45
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
- A. Post FI supplier invoice (FB60)
- B. Settlement of internal order (K088)
- C. Post time sheet data to Controlling (CAT7)
- D. Assessment cycle of cost centers (KSU5)
Answer: A,C
NEW QUESTION # 46
What is the earliest point in time that the attributed profitability segments can be derived?
- A. When you run the realignment in profitability analysis
- B. When you settle the cost to profitability analysis
- C. When you run result the analysis for cost objects
- D. When you post the primary cost document
Answer: D
NEW QUESTION # 47
Your customer wants to convert their SAP ERP New G/L ledger solution to SAP S/4HANA.Which system configuration options are available for the customer after the conversion project is finalized? Note: There are 2 correct answers to this question.
- A. Implementation of document splitting
- B. Implementation of chart of accounts conversion
- C. Implementation of real-time integration of controlling to financial accounting
- D. Implementation of an additional standard ledger for parallel accounting
Answer: A,D
NEW QUESTION # 48
You create a G/L account and set the cost element category to 42 (assessment).In what table is the cost element category updated?
- A. SKA1: G/L Account Plaster (Chart of Accounts)
- B. CSKB :Cost Elements (Data Dependent on Controlling Area)
- C. SKBI : G/L Account Plaster (Company Code)
- D. CSKA: Cost Elements (Data Dependent on chart of Accounts)
Answer: B
NEW QUESTION # 49
What are the improvements to new cash pooling? There are 2 correct answers to this question.
- A. You can set deficit and excess tolerances. If the balance is between the tolerances, no transfer is made
- B. The business user can define "expected amount" and "minimal movement amount" for every bank account without configuration.
- C. The balance before concentration and the simulated balance after the concentration can be compared.
- D. Different payment methods for payment requests can be specified in different paying company codes.
Answer: B,C
NEW QUESTION # 50
A business user entered the wrong password too many times and is locked out of the SAP Fiori launchpad.
Where must the administrator unlock this user?
- A. SAP Smart Business
- B. SAP S/4HANA back end
- C. SAP Fiori launchpad designer
- D. Front-end SAP Gateway server
Answer: D
NEW QUESTION # 51
Which object acts as a data source for Cash Management (Cash Flow Analyzer) in SAP S/4HANA?
- A. Memo records
- B. Payment methods
- C. Payment terms
- D. Record types
Answer: B
NEW QUESTION # 52
Your customer currently uses classic G/L and asks what new functionalities can be implemented during an SAP standard conversion to SAP S/4HANA.What functionality can you activate?
- A. Margin analysis
- B. Document splitting
- C. Additional parallel currency
- D. Additional standard ledger
Answer: C
NEW QUESTION # 53
What are the key components of the intelligent enterprise by SAP? There are 3 correct answers to this question
- A. Intelligent Suite
- B. Seamless integration
- C. Hybrid cloud
- D. Digital Platform
- E. Intelligent Technologies
Answer: A,D,E
NEW QUESTION # 54
Which objects do you migrate from SAP ERP to SAP S/4HANA? Note: There are 3 correct answers to this question.
- A. Balances of accounts, customers, and vendors.
- B. Master data such as assets and profit centers.
- C. Data of costing-based profitability analysis
- D. House banks for new Bank Account Management.
- E. Accounting documents of financial accounting and controlling
Answer: A,D,E
NEW QUESTION # 55
What must you create before you can record commitments in the universal journal?
- A. CO version
- B. Non-leading standard ledger
- C. Mapping for condition types
- D. Extension ledger
Answer: D
NEW QUESTION # 56
You are performing a system conversion for a customer that uses classic G/L with the accounts approach. What must you configure in SAP S/4HANA for local and international accounting standards in order to migrate the account values in an S/4HANA standard conversion project?Note: There are 3 correct answers to this question.
- A. Accounting principles
- B. Valuation areas (FI)
- C. Document types
- D. Ledger groups
- E. Standard ledgers
Answer: A,B,D
NEW QUESTION # 57
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