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P_S4FIN_2021 Sample Questions Answers

Questions 4

What cost center planning process can write data directly to plan item table ACDOCP?

Options:

A.

Internal activity price calculation

B.

Planning in SAP Analytics Cloud

C.

Manual planning of statistical key figures

D.

Formula planning with templates

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Questions 5

For which functionality is a productive material ledger a prerequisite ? Note: There are 2 correct answers to this question.

Options:

A.

Parallel update of the two types of profitability analysis

B.

Actual costing

C.

Actual activity price determination

D.

Parallel valuation for transfer pricing

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Questions 6

Before conversion to SAP S/4HANA, which activities must be completed in the SAP ERP system for Asset Accounting? Note: There are 3 correct answers to this question.

Options:

A.

Define depreciation areas for all currency types.

B.

Activate enterprise extension EA-FIN.

C.

Define a technical clearing account for integrated acquisitions

D.

Assign accounting principles to all depreciation areas

E.

Close all fiscal years except the current one.

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Questions 7

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

Options:

A.

Post time sheet data to Controlling (CAT7)

B.

Post FI supplier invoice (FB60)

C.

Settlement of internal order (K088)

D.

Assessment cycle of cost centers (KSU5)

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Questions 8

You post a payment to a supplier invoice. In the universal journal table, you see that more line items are created than were visible in the document entry view. Which configuration may have caused the additional line items? Note: There are 2 correct answers to this question.

Options:

A.

A non-leading ledger

B.

The summarization in ACDOCA

C.

An extension ledger

D.

Zero balance indicator for profit center

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Questions 9

What must you create before you can record commitments in the universal journal?

Options:

A.

Extension ledger

B.

Tolerance profile

C.

Statistical cost elements

D.

Document type

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Questions 10

Which of the following components are obsolete and require migration activities during a standard conversion to SAP S/4HANA?Note: There are 3 correct answersto this question.

Options:

A.

Classic Credit Management

B.

Cash Management

C.

Accrual Engine

D.

Special Purpose Ledger

E.

Costing-based CO-PA

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Questions 11

What do you assign to a depreciation area in SAP S/4HANA asset accounting? Note: There are 2 correct answers to this question.

Options:

A.

A chart of depreciation

B.

A ledger account determination key

C.

An alternative depreciation area

D.

An accounting principle

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Questions 12

In what system is it required to perform all system conversion steps to identify and solve conversion errors?

Options:

A.

Production

B.

Quality Assurance

C.

Sandbox

D.

Development

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Questions 13

What can you do with SAP S/4HANA Accrual Management?

Options:

A.

Post planned accrual amounts in table ACDOCP and analyze them in reports.

B.

Automatically calculate accruals for purchase orders with posted valuated goods receipt.

C.

Automatically calculate accruals for asset acquisitions (direct capitalization) with purchase orders.

D.

Post and analyze accruals in all currencies defined for the general ledger.

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Questions 14

What data for asset accounting is stored in the universal journal? Note: There are 2 correct answers to this question.

Options:

A.

Actual depreciations of all depreciation areas that are set to post depreciation periodically

B.

Actual depreciations of the controlling depreciation area used for management valuations

C.

Acquisition and production cost values of all depreciation areas that are assigned to an accounting principle

D.

Acquisition and production cost values of all depreciation areas that are defined as real depreciation areas

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Questions 15

You want to configure an extension ledger. Which steps do you need to take? Note: There are 2 correct answers to this question.

Options:

A.

Select an underlying ledger for the extension ledger.

B.

Specify allowed currency types for the extension ledger

C.

Specify the document type for the extension ledger.

D.

Assign a fiscal year variant to the extension ledger

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Questions 16

You select the configuration option Set Migration to Completed in the Conversion of Accounting to SAP S/4HANA.What does this mean? Note: There are 3 correct answers to this question

Options:

A.

Customizing is consistent.

B.

All error messages have been accepted.

C.

Customer Vendor Integration can start.

D.

All views are generated successfully.

E.

Only critical error messages have been accepted.

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Questions 17

A fixed asset is to be posted in the new fiscal year. Which closing activity must be carried out for this?

Options:

A.

Depreciation for the new year must be recalculated (transaction AFAR).

B.

All depreciation (transaction AFAB) up to that point must be posted.

C.

Fiscal year change program must have been executed (transaction FAA_CMP).

D.

All APC values must have been posted using report "Periodic Asset Postings".

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Questions 18

Which data is converted during an SAP S/4HANA standard conversion?

Options:

A.

Only company codes and years selected in the customizing for migration

B.

Only company codes selected in the customizing for migration for all the years

C.

All company codes for the years you specify

D.

All company codes with all data of all years

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Questions 19

What are the consequences in an SAP ERP system when activating the business function EA-FIN to support conversion to SAP S/4HANA?

Options:

A.

New asset accounting is activated.

B.

Parallel ledgers are available.

C.

Period posting (ASKB) became obsolete.

D.

New depreciation engine is used.

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Questions 20

You maintain a launchpad for users who are assigned to the Z_MANACC role. What do you need to do to make an app available for the users?

Options:

A.

Add the app to a group that is assigned to the Z_MANACC role

B.

Assign the app directly to the Z_MANACC role and add the app to a group.

C.

Assign the app directly to the Z_MANACC role and add the app to a catalog.

D.

Add the app to a catalog that is assigned to the Z_MANACC role.

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Questions 21

What is posted at the same time to both account-based and costing-based profitability analysis? Note: There are 2 correct answers to this question.

Options:

A.

Actual revenue

B.

Incoming sales orders

C.

Standard cost of goods sold

D.

CO-PA valuated insurance costs

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Questions 22

In your system you have multiple standard ledgers .Which values can be posted to a single ledger? Note: There are 3 correct answers to this question.

Options:

A.

Accruals

B.

Currency valuation

C.

Taxes

D.

Depreciation

E.

Payments

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Questions 23

Which reports are included with SAP S/4HANA, embedded analytics? Note: There are 2 correct answers to this question.

Options:

A.

Analytical List Page reports

B.

Multidimensional reports

C.

SAP Lumira reports

D.

SAP Analysis for Microsoft Office reports

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Questions 24

You run an assessment cycle for cost centers, but no postings are made because the posting period is NOT open. Against which period interval is the check being made?

Options:

A.

First interval 3, then interval 2 if interval 3 is not maintained

B.

First interval 3, then intervals 1&2 if interval 3 is not maintained

C.

Only interval 3, no other intervals checked if interval 3 is not maintained

D.

First interval 3, then interval 1 if interval 3 is not maintained

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Exam Code: P_S4FIN_2021
Exam Name: SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts
Last Update: Jun 11, 2024
Questions: 80
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