[Nov-2023] SAP P_S4FIN_2021 Exam: Basic Questions With Answers
New 2023 Realistic Free SAP P_S4FIN_2021 Exam Dump Questions and Answer
The SAP P_S4FIN_2021 exam is intended for experienced SAP ERP Finance experts who are responsible for implementing financial solutions in SAP S/4HANA. Candidates who pass the SAP P-S4FIN-2021 exam will have demonstrated their ability to manage financial transactions and reporting in SAP S/4HANA, as well as their knowledge of integration with other SAP modules.
NEW QUESTION # 49
What must you create before you can record commitments in the universal journal?
- A. Non-leading standard ledger
- B. Extension ledger
- C. Mapping for condition types
- D. CO version
Answer: B
NEW QUESTION # 50
Which settings are allowed for open item management for the GR/IR account? Note: There are 2 correct answers to this question.
- A. Reconciliation account
- B. Extended open item management
- C. Classic open item management
- D. Ledger specific open item management
Answer: A,C
NEW QUESTION # 51
Which of the following options in SAP S/4HANA 1809 is only possible in costing-based CO-PA and NOT in account-based CO-PA?
- A. Production variance split per variance category.
- B. Sales order entry postings.
- C. Cost of goods sold (COGS) split per cost component.
- D. Manual postings.
Answer: D
NEW QUESTION # 52
Where do you assign the customer and vendor account groups when preparing for integration with the business partner (BP)? Note: There are 2 correct answers to this question.
- A. BP role group
- B. BP role
- C. BP category
- D. BP grouping
Answer: B,D
NEW QUESTION # 53
At which level does the functional migration for finance data have to be performed?
- A. Company code
- B. Client
- C. Controlling area
- D. System
Answer: A
NEW QUESTION # 54
On which levels can you assign semantic tags to a financial statement version in SAP Fiori?
There are 3 correct answer to this question.
- A. Functional area
- B. G/L account
- C. Business area
- D. Financial statement item
- E. Segment
Answer: A,B,D
NEW QUESTION # 55
You define an additional extension ledger. What type of ledger can you assign as underlying ledger?
- A. Special ledger
- B. Standard ledger
- C. Material ledger
- D. Reconciliation ledger
Answer: B
NEW QUESTION # 56
Which of the following roles are delivered as business partner roles? Note: There are 3 correct answers to this question
- A. Banks
- B. Bank accounts
- C. Distribution channels
- D. Suppliers
- E. Employees
Answer: A,D,E
NEW QUESTION # 57
You perform a direct activity allocation. Which database tables are updated? Note: There are 2 correct answers to this question
- A. ACDOCA
- B. COSS
- C. BSEG
- D. COBK
Answer: A,D
NEW QUESTION # 58
Which fields do you maintain when defining the source ledger for migration of balances? There are 2 correct answer to this question.
- A. Period
- B. Company Code
- C. Source table
- D. Year
Answer: B,D
NEW QUESTION # 59
In which cases can you use a transfer price for goods movement in parallel valuation? There are 2 correct answers to this question.
- A. Between two profit centres
- B. Between two company codes
- C. Between two accounting principles
- D. Between two plants
Answer: A,B
NEW QUESTION # 60
What credit management organizational element is required for calculating the credit limit, and enables you to carry out detailed checks at business.
- A. Credit control area
- B. Company code
- C. Sales area
- D. Credit segment
Answer: A
NEW QUESTION # 61
Your company code is configured with three depreciation areas that post in real time The company is configured to update company code and group currency types. How many documents are posted when you post a partial scrapping for a single depreciation area?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: D
NEW QUESTION # 62
Which step is automatically performed in Asset Accounting when you perform the year-end balance carryforward?
- A. The year-end closing (program RAJABS00) is executed and the previous fiscal year is closed.
- B. The depreciation run (program FAA_DEPRECIATION_POST) for period 12 of the fiscal year i s triggered.
- C. The depreciation for the new year is calculated and maintained per asset in table FAAT_PLAN U VALUES
- D. The plan/actual variance is calculated for the annual capital expense reporting on statistical cost LJ elements (type 90).
Answer: B
NEW QUESTION # 63
Which of the following are phases in SAP Activate? Note: There are 3 correct answers to this question.
- A. Test
- B. Blueprint
- C. Deploy
- D. Explore
- E. Realize
Answer: C,D,E
NEW QUESTION # 64
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. Central Finance
- B. System conversion (Brownfield)
- C. New Implementation (greenfield)
- D. Selective data transition
Answer: A,C
NEW QUESTION # 65
What function is delivered with business function EA-FIN to support SAP S/4HANA?
- A. Parallel depreciation areas
- B. Special valuations
- C. Parallel ledgers
- D. New Depreciation Engine
Answer: D
NEW QUESTION # 66
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?
- 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 catalog.
- C. Assign the app directly to the Z_MANACC role and add the app to a group.
- D. Add the app to a catalog that is assigned to the Z_MANACC role.
Answer: D
NEW QUESTION # 67
What can you do with asset accounting in SAP S/4HANA Finance? There are 3 correct answer to this question.
- A. Assign separate settlement rules for depreciation areas.
- B. Post revenue for retirements by acquisition and production cost
- C. Define transaction types by depreciation area
- D. Complete periodic acquisition and production cost adjustments postings
- E. Simultaneously post separate values by depreciation area.
Answer: A,B,E
NEW QUESTION # 68
Which object acts as a data source for cash management (cash flow analyser) in SAP S/4HANA?
- A. Memo Records
- B. Value fields
- C. Statistical key figure
- D. Bank fees
Answer: A
NEW QUESTION # 69
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 sales processes posted to internal orders and projects.
- B. Enable COGS split for stock transfers and point-of-sale transactions.
- C. Enable COGS split on the basis of the main cost component structure and auxiliary cost component structure.
- D. Enable COGS split for postings made on the source account through internal processes in Financials and Controlling.
Answer: B,D
NEW QUESTION # 70
Which processes create an artificial controlling document? 2 correct answers
- A. FI posting of primary costs to production order
- B. Internal activity allocation to sales order
- C. Assessment from cost center to account based profitability analysis
- D. Stock material consumption on project
Answer: A,C
NEW QUESTION # 71
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 system has document splitting activated for all company codes
- B. The customers uses the accounts approach for parallel accounting.
- C. The system uses classic asset account to manage fixed assets
- D. The customer does NOT use business partners to manage customers and suppliers
Answer: C
NEW QUESTION # 72
Which data is converted during an SAP S/4HANA standard conversion?
- A. Only company codes and years selected in the customizing for migration
- B. All company codes for the years you specify
- C. Only company codes selected in the customizing for migration for all the years
- D. All company codes with all data of all years
Answer: D
NEW QUESTION # 73
Which of the following front-end clients can you NOT use in the standard system for SAP Business Planning and Consolidation for SAP S/4HANA Finance? Please choose the correct answer.
- A. SAP GUI
- B. SAP Business Client
- C. SAP Fiori
- D. SAP BusinessObjects Analysis for Microsoft Office
Answer: A
NEW QUESTION # 74
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