Share Latest Oct-2023 P_S4FIN_2021 DUMP with 82 Questions and Answers
PDF Dumps 2023 Exam Questions with Practice Test
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.
The SAP P_S4FIN_2021 exam covers a range of topics related to financials in SAP S/4HANA, including financial accounting, management accounting, financial supply chain management, and more. Exam takers will need to demonstrate their knowledge and understanding of these topics, as well as their ability to apply this knowledge in real-world scenarios.
NEW QUESTION # 15
Which ledger-specific configuration can you maintain at company code level? Note: There are 2 correct answers to this question.
- A. The posting period variant for the extension ledger
- B. The valuation view for the extension ledger
- C. The fiscal year variant for the standard ledger
- D. The financial statement version for both types of ledgers
Answer: A,C
NEW QUESTION # 16
How can you set up multiple valuations for transfer pricing in your SAP S/4HANA system? Note: There are 2 correct answers to this question.
- A. You can assign additional valuations to the extension ledgers.
- B. You can assign additional valuations to separate accounts.
- C. You can assign profit center, group, and legal valuations to the same ledger.
- D. You can assign each valuation to a separate ledger.
Answer: C,D
NEW QUESTION # 17
You convert 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? There are 2 correct answers to this question.
- A. Run balance sheet and G/L account balances reporting.
- B. Activate new Asset Accounting.
- C. Start the RAPERB2000 asset report.
- D. Perform G/L customizing for migration.
Answer: A,C
NEW QUESTION # 18
Which modules read and write line items of the universal journal (ACDOCA)?Note: There are 2 correct answers to this question.
- A. Costing-based profitability analysis
- B. Cash management
- C. Actual costing
- D. Account-based profitability analysis
Answer: B,D
NEW QUESTION # 19
What can you do with SAP S/4HANA Accrual Management?
- A. Post planned accrual amounts in table ACDOCP and analyze them in reports.
- B. Post and analyze accruals in all currencies defined for the general ledger.
- C. Automatically calculate accruals for purchase orders with posted valuated goods receipt.
- D. Automatically calculate accruals for asset acquisitions (direct capitalization) with purchase orders.
Answer: B
NEW QUESTION # 20
Where can you find the automatic write-off program to close unpaid customer balances?
- A. Accounts Receivable
- B. Treasury Operations
- C. Collections Management
- D. Dispute Management
Answer: D
NEW QUESTION # 21
Which processes create an artificial controlling document? 2 correct answers
- A. Internal activity allocation to sales order
- B. Stock material consumption on project
- C. FI posting of primary costs to production order
- D. Assessment from cost center to account based profitability analysis
Answer: C,D
NEW QUESTION # 22
You want to create a balance sheet and profit & loss statement on segment level. Which steps do you need to take in the system? Note: There are 2 correct answers to this question.
- A. Assign a segment to all G/L accounts
- B. Set the zero balance indicator.
- C. Define a clearing account.
- D. Define a PA transfer structure.
Answer: B,C
NEW QUESTION # 23
In your SAP S/4HANA system, When does a document posted in controlling become Visible in financial accounting?
- A. When document splitting is active for the company code
- B. When FI account assignments (such as the segment) change
- C. When real-time integration is active for the company code
- D. When any primary and secondary cost and revenue accounts are posted
Answer: D
NEW QUESTION # 24
With SAP S/4HANA simplified logistics, which of the following are relevant to the material ledger? Note:
There are 2 correct answers to this question.
- A. The migration of material ledger is required when SAP S/4HANA Finance is already used in the legacy system.
- B. The material ledger with actual costing requires a periodic costing run to update inventory values.
- C. The migration of material ledger is NOT required if SAP S/4HANA Finance is already used in the legacy system.
- D. The material ledger uses the currencies defined in both the leading and non-leading ledgers.
Answer: A,B
NEW QUESTION # 25
Which modules remain unchanged after the migration to SAP S/4HANA? Note: There are 3 correct answers to this question.
- A. Costing-based CO-PA
- B. Special purpose ledger
- C. Classic profit center accounting
- D. Account-based CO-PA
- E. Liquidity planning
Answer: A,B,C
NEW QUESTION # 26
What open period is checked by the third interval of the Open Posting Periods variant in financial accounting?
- A. Postings from CO to FI
- B. Postings to special periods
- C. Postings with a special authorization group
- D. Postings to FI Subledgers
Answer: A
NEW QUESTION # 27
At which level is the migration run for finance data performed?
- A. Client
- B. Operating concern
- C. Controlling area
- D. Company code
Answer: A
NEW QUESTION # 28
You post a payment to a supplier invoice. In the universal journal table, you see more line items are created than were visible in the document entry view. Which configuration may have caused the additional line items? There are 2 correct answer to this question.
- A. An additional accounting principle
- B. A non-leading ledger
- C. Zero balance Indicator for profit center
- D. An extension ledger
Answer: A,D
NEW QUESTION # 29
Which of the following components are obsolete are require migration activities during a Statistical There are 3 correct answers to this question.
- A. Cash Management
- B. Special purpose ledger
- C. Costing based CO- PA
- D. Accrual engine
- E. Classic credit management
Answer: A,B,E
NEW QUESTION # 30
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 # 31
What does the Parallel Accounting Using G/L Accounts indicator in ledger configuration allow you to do?
- A. Assign 2 or more accounting principles to the leading ledger
- B. Assign 2 or more accounting principles to the non-leading ledger
- C. Assign 2 or more ledgers to 1 accounting principle
- D. Assign 2 or more accounting principles to 1 valuation area
Answer: A
NEW QUESTION # 32
Your customer has an SAP ERP system with classic G/L accounting and wants to convert to SAP S/4HANA as soon as possible during the current fiscal year. Which limitations apply in SAP S/4HANA?
There are 3 correct answer to this question.
- A. You cannot continue to use the consolidation staging ledger.
- B. You must define valuation areas for foreign currency valuation.
- C. You cannot configure and activate document splitting.
- D. You must configure profit center and segment accounting.
- E. You must use accounts approach to parallel valuation.
Answer: A,C,D
NEW QUESTION # 33
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. CSKB :Cost Elements (Data Dependent on Controlling Area)
- B. CSKA: Cost Elements (Data Dependent on chart of Accounts)
- C. SKA1: G/L Account Plaster (Chart of Accounts)
- D. SKBI : G/L Account Plaster (Company Code)
Answer: A
NEW QUESTION # 34
......
To prepare for the SAP P_S4FIN_2021 exam, candidates can take advantage of a variety of study resources, including online courses, training materials, and practice exams. It is also recommended that candidates have practical experience working with SAP S/4HANA and financials in a real-world setting. By combining practical experience with study resources, candidates can increase their chances of passing the exam and obtaining the certification.
Dumps for Free P_S4FIN_2021 Practice Exam Questions: https://www.testbraindump.com/P_S4FIN_2021-exam-prep.html
P_S4FIN_2021 Dumps PDF And Certification Training: https://drive.google.com/open?id=1cqYY2f0A5qBDksfYIF62CyhuG_GMtBBt
