Exam Questions Answers Braindumps P-S4FIN-2021 Exam Dumps PDF Questions
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SAP P-S4FIN-2021 Certification Exam is ideal for financial experts who want to stay ahead of the curve and stay up-to-date with the latest advancements in SAP ERP Finance. Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts certification is also beneficial for professionals who want to advance their careers and increase their earning potential.
NEW QUESTION # 13
On what level can you assign a fiscal year variant to a company code?
- A. Ledger group, for standard ledger type
- B. Ledger, for any type of ledger
- C. Ledger group, for any type of ledger
- D. Ledger, forstandard ledger type
Answer: B
NEW QUESTION # 14
What restrictions apply when a new currency is introduced for productive company codes and ledgers? Note: There are 2 correct answers to this question.
- 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,D
NEW QUESTION # 15
In which cases can you use a transfer price for goods movement in parallel valuation? Note: There are 2 correct answers to this question.
- A. Between two company codes
- B. Between two profit centers
- C. Between two accounting principles
- D. Between two storage locations
Answer: A,B
NEW QUESTION # 16
Which of the following are phases in SAP Activate? Note: There are 3 correct answers to this question.
- A. Test
- B. Deploy
- C. Realize
- D. Explore
- E. Blueprint
Answer: B,C,D
NEW QUESTION # 17
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. Period
- D. Year
Answer: B,D
NEW QUESTION # 18
How can you set up multiple valuations for transfer pricing in your SAP S/4HANA system? There are 2 correct answer to this question.
- A. You can assign profit center, group and legal valuation to the same ledger
- B. You can assign additional valuation to the extension ledger
- C. You can assign each valuation to a separate ledger
- D. You can assign additional valuation to special led er(FI-SL).
Answer: A,C
NEW QUESTION # 19
What can you do in the Cockpit view of SAP Product Lifecycle Costing?
- A. Receive an overview of the available master data
- B. Define global settings for currencies and units of measure.
- C. Manage calculation versions.
- D. View the costing structure.
Answer: C
NEW QUESTION # 20
Which transaction types can be restricted to depreciation areas in new Asset Accounting? Note: There are 2 correct answers to this question.
- A. Retirements
- B. Revaluation and new valuation
- C. Transfers
- D. Investment support
Answer: B,D
NEW QUESTION # 21
What function of cash management allows you to create historical versions of cash flows? Please choose the correct answer.
- A. Release cash flows
- B. Snapshot
- C. Reconcile cash flows
- D. Cash pooling
Answer: B
NEW QUESTION # 22
In controlling, what is a mandatory customizing step when convening a system to SAP S/4HANA?
- A. Activate account based CO-PA
- B. Create document type for CO postings
- C. Define profit center hierarchy.
- D. Migrate the material ledger
Answer: A
NEW QUESTION # 23
You start your first sandbox migration and get a lot of errors. How are errors in an SAP S/4HANA migration handled? There are 2 correct answer to this question.
- A. All errors related to closed years can be ignored.
- B. Errors must be clarified, and uncritical errors can be ignored
- C. All errors must be corrected during migration to complete it.
- D. Critical errors must be resolved in the production system before Go Live.
Answer: C,D
NEW QUESTION # 24
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. Corrections due to migrations
- B. Settlement of investment orders
- C. Cross company code postings
- D. balance carry forward
Answer: A,D
NEW QUESTION # 25
You need to transfer multiple standard cost prices to CO-PA in an SAP S/4HANA system. What do you need to set up?
- A. The new refinement for cost of goods sold postings in account-based CO-PA
- B. Valuation using material cost estimate in costing-based CO-PA
- C. Valuation using material cost estimate in costing-based CO-PA and account-based-COPA
- D. Valuation using material cost estimate in account-based CO-PA
Answer: A
NEW QUESTION # 26
You run foreign currency valuation for both local and international GAAP. This leads to different values for the two different accounting principles. How can you set this up in the system?
- A. Define two valuation areas and two accounting principles with relevant links to ledgers
- B. Define a valuation area and ledger group for two ledgers to link with the new valuation area.
- C. Define two valuation methods and assign the accounting principles to the new valuation method
- D. Define a valuation area and extension ledger to link with the new valuation area
Answer: A
NEW QUESTION # 27
In the standard delivery system, what isthe maximum number of components you can use for the primary cost component split of activities and the cost component split of cost of goods sold?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: D
NEW QUESTION # 28
What is the earliest point in time that the attributed profitability segments can be derived?
- A. When you settle the cost to margin analysis
- B. When you assess the costs to margin analysis using the universal allocation
- C. When you run the top-down distribution in margin analysis
- D. When you post the primary cost document to a WBS element
Answer: D
NEW QUESTION # 29
How does the Near-Zero Downtime method minimize the downtime of the productive SAP system during migration?
- A. The data from previous years is archived.
- B. Optimized data compression is used to minimize the data volume.
- C. SQL database commands are used to accelerate the migration
- D. A clone of the productive system is used.
Answer: D
NEW QUESTION # 30
In what system is it required to perform all system conversion steps to identify and solve conversion errors?
- A. Production
- B. Quality Assurance
- C. Development
- D. Sandbox
Answer: B
NEW QUESTION # 31
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. Simplification Item-Check
- B. Global Performance Analysis
- C. SAP Readiness Check
- D. Authority Check
- E. Custom Code Check
Answer: A,C,E
NEW QUESTION # 32
You want to convert your system from an account solution into a ledger solution without a prior new G/ L migration project. Which scenario can be used? NOTE: There are 2 correct answers to this question.
- A. Selective data transition
- B. System conversion (Brownfield)
- C. New Implementation (greenfield)
- D. Central Finance
Answer: C,D
NEW QUESTION # 33
Your customer wants to convert their SAP ERP classic general ledger to SAP S/4HANA.
What system configuration options are available for the customer within the convened system? There are 2 correct answers to this question
- A. Implementation of additional currency type
- B. Implementation of additional document splitting
- C. Implementation of additional ledgers for parallel accounting
- D. Implementation of chart of account conversion
Answer: A,B
NEW QUESTION # 34
What system configuration in your customers current SAP ERP system will have a major effect on the duration and complexity of the system conversion to S/4HANA?
- A. The customers uses the accounts approach for parallel accounting.
- B. The system has document splitting activated for all company codes
- C. The customer does NOT use business partners to manage customers and suppliers
- D. The system uses classic asset account to manage fixed assets
Answer: D
NEW QUESTION # 35
What can you do when you use Account Basis for cost of goods sold (COGS) split in SAP S/4HANA 1809?
Note: There are 2 correct answers to this question.
- A. Enable COGS split for postings made on the source account through internal processes in Financials and Controlling.
- B. Enable COGS split for sales processes posted to internal orders and projects.
- C. Enable COGS split on the basis of the main cost component structure and auxiliary cost component structure.
- D. Enable COGS split for stock transfers and point-of-sale transactions.
Answer: A,D
NEW QUESTION # 36
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SAP P-S4FIN-2021 exam is intended for finance experts who have extensive experience working with SAP ERP and are looking to expand their knowledge to SAP S/4HANA. P-S4FIN-2021 exam is not intended for novice users of SAP software, as it requires a deep understanding of financial accounting and management principles, as well as a thorough knowledge of the SAP S/4HANA platform.
SAP P-S4FIN-2021 is a certification exam designed for finance experts who have experience in SAP ERP Finance and are planning to migrate to SAP S/4HANA. Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts certification validates the candidate's knowledge and skills in managing financial processes in SAP S/4HANA, including financial accounting, management accounting, financial closing, and treasury and risk management.
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