100% Free P_S4FIN_2021 Files For passing the exam Quickly UPDATED Apr 25, 2023
P_S4FIN_2021 Dumps Questions Study Exam Guide
The SAP P_S4FIN_2021 exam is part of the SAP Certified Application Professional certification program. This exam focuses on Financials in SAP S/4HANA and is designed for SAP ERP Finance Experts. The certification verifies that the candidate has the skills and knowledge needed to work with financials in the SAP S/4HANA system.
The SAP P_S4FIN_2021 exam is a crucial certification test for financial experts who want to showcase their knowledge and skills in SAP S/4HANA financials. This certification exam is designed to evaluate the proficiency of candidates in using SAP S/4HANA financial tools and features to manage various financial activities in an organization. It is ideal for individuals who have experience in SAP ERP finance and who want to upgrade their skills to the latest version.
NEW QUESTION # 40
Your customer wants a new ERP solution and is looking at the SAP S/4HANA software. The customer has a skilled in-house IT team that they want to upskill and keep moving the forward. They want maintain a filly customizable solution without completely disrupting their current processes. Which SAP S/4HANA solution will you propose?
- A. Private cloud
- B. On-premise
- C. Hybrid
- D. Public cloud
Answer: B
NEW QUESTION # 41
You want to post intercompany asset transfer only for IFRS. Which objects can you specify in the transfer posting to achieve this? Note: There are 2 correct answers to this question.
- A. Depreciation area
- B. Accounting principle
- C. Transaction type
- D. Ledger group
Answer: B,D
NEW QUESTION # 42
What are the consequences in an SAP ERP system when activating the business function EA-FIN to support conversion to SAP S/4HANA?
- A. Parallel ledgers are available.
- B. New asset accounting is activated.
- C. New depreciation engine is used.
- D. Period posting (ASKB) became obsolete.
Answer: B
NEW QUESTION # 43
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 carried out by the Reconcile Universal Journal Entry transaction since the reconciliation displayed NO error
- C. L3 Because balance carryforward was performed for the leading ledger in general ledger
- D. Because balance carryforward was performed automatically due to postings to the subledgers in the new year
Answer: C
NEW QUESTION # 44
Which processes create an artificial controlling document? 2 correct answers
- A. Internal activity allocation to sales order
- B. Assessment from cost center to account based profitability analysis
- C. FI posting of primary costs to production order
- D. Stock material consumption on project
Answer: B,C
NEW QUESTION # 45
On what level can you assign a fiscal year variant to a company code?
- A. Ledger group, for standard ledger type
- B. Ledger group, for any type of ledger
- C. Ledger, forstandard ledger type
- D. Ledger, for any type of ledger
Answer: D
NEW QUESTION # 46
Before conversion to SAP S/4HANA, which activities must be completed in the SAP ERP system for Asset Accounting?
There are 3 correct answers to this question.
- A. Close all fiscal years except the current one
- B. Assign accounting principle to all depreciation areas
- C. Define depreciation area for all currency types
- D. Activate Enterprise Extension EA-FIN
- E. Define a technical clearing account for integrated acquisitions
Answer: A,C,D
NEW QUESTION # 47
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. Bank fees
- D. Value fields
Answer: A
NEW QUESTION # 48
You are performing a system conversion for a customer that uses classic general ledger 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? There are 3 correct answers to this question.
- A. Ledger Groups
- B. Document types
- C. Accounting Principles
- D. Standard ledgers
- E. Valuation Areas (FI)
Answer: A,C,E
NEW QUESTION # 49
You perform an SAP S/4HANA migration. Some of the company codes were NOT used for years and the data posted to these company codes is no longer legally equied. How do you handle these company codes?
- A. Archive all data from unused company codes.
- B. Migrate all company codes flagged as productive.
- C. Migrate all company codes you selected in customizing.
- D. Migrate all company codes of the client.
Answer: D
NEW QUESTION # 50
Which transactions generate a prima nota entry in the system in addition to the universal journal entry? There are 2 correct answers to this question
- A. Assessment cycle of cost centers (KSUS)
- B. Post time sheet data to Controlling (CAT7)
- C. Settlement of internal order (K088)
- D. Post FI supplier invoice (FB70)
Answer: B,D
NEW QUESTION # 51
Which three separates accounting principles. You post an acquisition for an asset that is capitalized in a single accounting principle. If you use the application for posting integrated asset acquisitions, how many documents will the system post?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION # 52
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
- A. Use internal number ranges in the BP groupings after the conversion
- B. Use external number ranges in the customer and supplier account groups for the conversion.
- C. Use external number ranges in the BP groupings for the conversion.
- D. Use internal number ranges in the customer and supplier account groups after the conversion
Answer: B,D
NEW QUESTION # 53
In the standard delivery system, what is the maximum of components you can use for the primary
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
NEW QUESTION # 54
What function is delivered with business function EA-FIN to support SAP S/4HANA?
- A. Parallel ledgers
- B. Special valuations
- C. New Depreciation Engine
- D. Parallel depreciation areas
Answer: C
NEW QUESTION # 55
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