P_S4FIN_2021 Certification Exam Dumps Questions in here [Dec-2023]
Updated P_S4FIN_2021 Exam Practice Test Questions
NEW QUESTION # 45
Which of the following components are obsolete are require migration activities during a Statistical There are 3 correct answers to this question.
- A. Special purpose ledger
- B. Cash Management
- C. Costing based CO- PA
- D. Classic credit management
- E. Accrual engine
Answer: A,B,D
NEW QUESTION # 46
What is required to enable the payment approval process in cash operations? There are 3 correct answers to this question.
- A. Create rule to require signature
- B. Define signature methods for approvals
- C. Define a grouping method for the rule you defined
- D. Create a rule for approvals
- E. Create scenario without approval
Answer: B,C,D
NEW QUESTION # 47
You want to set up a multi-level gross margin report in profitability analysis (CO-PA).What do you customize to report the fixed and variable values separately?Note: There are 2 correct answers to this question.
- A. Costing-based CO-PA: assign different value fields (assignment of different value fields is necessary)
- B. Margin analysis: no specific customizing is necessary
- C. Margin analysis: assign different accounts (assignment of different accounts is necessary)
- D. Costing-based CO-PA: no specific customizing is necessary
Answer: A,C
NEW QUESTION # 48
Which values are stored in the universal journal (ACDOCA)? There are 2 correct answer to this question.
- A. Parallel currencies
- B. Actual costing results
- C. Plan data
- D. Transfer Prices
Answer: A,D
NEW QUESTION # 49
What restriction apply when a new currency is introduced for productive company codes and ledgers? 2 correct answers
- A. Reconciliation for entities in asset accounting is not included
- B. Calculated values are NOT added to the ACDOCA
- C. New currency fields are NOT updated for existing data
- D. Archived data cannot be enriched with the new currency
Answer: A
NEW QUESTION # 50
Which of the following are key benefits of SAP S/4HANA? Note: There are 2 correct answers to this question.
- A. Reduced throughput
- B. Choice of database
- C. Choice of deployment
- D. Reduced footprint
Answer: C,D
NEW QUESTION # 51
Which object acts as a data source for cash management (cash flow analyser) in SAP S/4HANA?
- A. Memo Records
- B. Statistical key figure
- C. Value fields
- D. Bank fees
Answer: A
NEW QUESTION # 52
Your customer uses classic G/L and asks for possibilities to implement new functionalities. What functionality can be activated during the conversion?
- A. Additional FI Currency
- B. Account-based CO-PA
- C. Document Splitting
- D. transfer prices
Answer: B
NEW QUESTION # 53
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 alternative depreciation area
- B. A ledger account determination key
- C. A chart of depreciation
- D. An accounting principle
Answer: A,D
NEW QUESTION # 54
A document can have up to 999999 line items in the universal journal (reposing or G/L view). How does this affect the entry view (table BSEG)?
- A. It is limited to 999 items
- B. The entry view is also based on the universal journal
- C. The system splits the single entry into multiple documents as required
- D. It is extended to 999999 line items
Answer: A
NEW QUESTION # 55
How do you compensate for the technical clearing account NOT balancing in all accounting principles with the accounts approach for parallel valuation? Please choose the correct answer.
- A. By entering manual corrective clearing transfer postings
- B. By running the monthly depreciation posting
- C. By running the periodic acquisition and production cost posting
- D. By maintaining the offset account in the asset account determination
Answer: D
NEW QUESTION # 56
Which fields do you maintain when defining the source ledger for migration of balances? There are 2 correct answer to this question.
- A. Source table
- B. Company Code
- C. Year
- D. Period
Answer: B,C
NEW QUESTION # 57
You are converting yoursystem to SAP S/4HANA. In yoursystem, you have:Three company codes assigned to a single controlling area. Controlling area is assigned to fiscal year variant K4. Two company codes assigned to fiscal year variant K2. One company code assigned to variant K3.During conversion to SAP S/4HANA, what do you need to change?
- A. Change all company codes and the controlling area to fiscal year variant K2.
- B. Create a new fiscal year variant (for example Z4) and assign it to all company codes and the controlling area.
- C. Change all company codes to fiscal year variant K4.
- D. Change all company codes to fiscal year variant K2.
Answer: C
NEW QUESTION # 58
On what level can you assign a fiscal year variant to a company code?
- A. Depreciation area
- B. Ledger
- C. Accounting principle
- D. Valuation area
Answer: B
NEW QUESTION # 59
For which Cases Can you Use SAP Product Lifecycle Costing? There are 2 correct answer to this question
- A. Preliminary cost estimates
- B. Standard price cost estimates
- C. Sales order cost estimates
- D. Quotation costing
Answer: A,D
NEW QUESTION # 60
Which technologies help you decrease data volume in the SAP HANA database?Note: There are 2 correct answers to this question.
- A. Storing
- B. Archiving
- C. Aging
- D. Indexing
Answer: B,C
NEW QUESTION # 61
Which data can be transferred to both account-based CO-PA and costing-based CO-PA? There are 2 correct answers to this question.
- A. Commitments
- B. Statistical sales conditions
- C. Split of cost of goods sold according to the cost component split
- D. Variances to work in process values
Answer: B,C
NEW QUESTION # 62
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. Cross company code postings
- B. Corrections due to migrations
- C. Settlement of investment orders
- D. balance carry forward
Answer: B,D
NEW QUESTION # 63
Which processes create an artificial controlling document? 2 correct answers
- A. Stock material consumption on project
- B. Internal activity allocation to sales order
- C. FI posting of primary costs to production order
- D. Assessment from cost center to account based profitability analysis
Answer: C,D
NEW QUESTION # 64
Which ledger-specific configuration can you maintain at company code level? There are 2 correct answer to this question.
- A. Field status variant
- B. Financial statement version
- C. Fiscal year variant
- D. Posting period variant
Answer: B,D
NEW QUESTION # 65
What cost center planning process can write data directly to plan item table ACDOCP?
- A. Planning in SAP Analytics Cloud
- B. Manual planning of statistical key figures
- C. Internal activity price calculation
- D. Formula planning with templates
Answer: B
NEW QUESTION # 66
How many digits for the amount field on the financial document line item level are supported in the universal journal
- A. 0
- B. 1
- C. 2
- D. 3
Answer: A
NEW QUESTION # 67
What are the features of the multi-valuation ledger for parallel valuation methods in SAP S/4HANA? Note:
There are 2 correct answers to this question.
- A. It is available only for new installations.
- B. It utilizes separate amount columns in the same ledger.
- C. It requires a non-leading ledger for parallel valuations.
- D. It will NOT have any valuation view assigned to the ledger.
Answer: B,D
NEW QUESTION # 68
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