P-S4FIN-2021 Pre-Exam Practice Tests | (Updated 82 Questions)
Valid P-S4FIN-2021 Exam Q&A PDF - One Year Free Update
SAP P-S4FIN-2021 exam, also known as the Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts, is designed for professionals who want to validate their expertise in financial accounting and management within the SAP S/4HANA environment. P-S4FIN-2021 exam is intended for individuals who have already achieved a solid understanding of the SAP ERP Finance module and are now looking to expand their knowledge to include the latest SAP S/4HANA technology.
NEW QUESTION # 38
In which of the possible scenarios can you indicate that an account is also a statistical cost elements? There are 2 correct answer to this question.
- A. It is used as special reserve balance account in fixed asset accounting
- B. It is used as balance sheet account in fixed asset accounting
- C. It is used a work in progress (WIP) inventory account in the material account assignment
- D. It is used as inventory account in the material account assignment
Answer: B,C
NEW QUESTION # 39
In what system is it required to perform all system conversion steps to identify and solve conversion errors?
- A. Production
- B. Development
- C. Sandbox
- D. Quality Assurance
Answer: D
NEW QUESTION # 40
Which of the following components are obsolete are require migration activities during a Statistical There are 3 correct answers to this question.
- A. Cash Management
- B. Costing based CO- PA
- C. Classic credit management
- D. Accrual engine
- E. Special purpose ledger
Answer: A,C,E
NEW QUESTION # 41
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 run the top-down distribution in margin analysis
- C. When you assess the costs to margin analysis using the universal allocation
- D. When you post the primary cost document to a WBS element
Answer: D
NEW QUESTION # 42
What cost center planning process can write data directly to plan item table ACDOCP?
- A. Internal activity price calculation
- B. Planning in SAP Analytics Cloud
- C. Manual planning of statistical key figures
- D. Formula planning with templates
Answer: C
NEW QUESTION # 43
What must always be activated after the installation of SAP S/4HANA?
- A. Credit management
- B. Material ledger
- C. Transfer prices
- D. Profit center accounting
Answer: B
NEW QUESTION # 44
Which object acts as a data source for Cash Management (Cash Flow Analyzer) in SAP S/4HANA?
- A. Memo records
- B. Payment terms
- C. Payment methods
- D. Record types
Answer: C
NEW QUESTION # 45
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 will NOT have any valuation view assigned to the ledger.
- B. It is available only for new installations.
- C. It utilizes separate amount columns in the same ledger.
- D. It requires a non-leading ledger for parallel valuations.
Answer: A,C
NEW QUESTION # 46
During SAP S/4HANA conversion, why is it necessary to migrate balances for FI and CO? Please choose the correct answer.
- A. Because the system posts FI/CO documents for all missing line items by comparing them to the - balance of the account
- B. Because a delta between all line items and the balance of every account will be updated in the universal journal
- C. Because the system displays an error if the sum of aggregated line items differs from the balance
- D. Because all balances from the past years are stored in the universal journal
Answer: B
NEW QUESTION # 47
You maintain a Launchpad for users to which role Z MANACC is assigned. What do you need to do make an app available on the users Launchpad?
- A. Assign the app directly to role Z MANACC
- B. Add the app to a catalog and a group that are assigned to role Z MANACC
- C. Activate the OData Service for role Z MANACC which is assigned to the app according to the SAP Fiori apps reference library
- D. Activate the user parameter for PFCG (role maintenance) for role Z MANACC
Answer: B
NEW QUESTION # 48
What happens during the migration activity Regenerate CDS Views and Field Mapping? Note: There are 2 correct answers to this question.
- A. The redirection of SELECT statements is generated.
- B. The OData services for SAP Fiori integration are activated.
- C. The customer-specific fields are included in the data migration procedure.
- D. The field mapping for the customer and vendor integration is created.
Answer: A,C
NEW QUESTION # 49
You create a new G/L account. Which G/L account type can you assign? There are 2 correct answer to this question
- A. Assessment Costs
- B. Secondary Costs
- C. Primary Costs or Revenue
- D. Internal Activity Costs
Answer: B,C
NEW QUESTION # 50
What is the earliest point in time that the attributed profitability segments can be derived?
- A. When you run the realignment in profitability analysis
- B. When you post the primary cost document
- C. When you run result the analysis for cost objects
- D. When you settle the cost to profitability analysis
Answer: B
NEW QUESTION # 51
What are possible post-migration activities for SAP S/4HANA migration projects? Note: There are 2 correct answers to this question
- A. Transfer archived documents into ACDOCA
- B. Fill offsetting accounts in financial documents
- C. Calculate the net due date and discount due dates for open items
- D. Update the open items through data aging
Answer: B,C
NEW QUESTION # 52
What processes do you perform as part of liquidity management? Note: There are 3 correct answers to this question.
- A. Perform planning
- B. Forecast balances
- C. Monitor cash flow
- D. Post credit memos
- E. Review credit standing
Answer: A,B,C
NEW QUESTION # 53
You are using SAP S/4HANA with account-based profitability analysis. For which objects can you activate derivation of profitability characteristics for G/L line items, without profitability segment'?
- A. Fixed assets
- B. Materials
- C. Suppliers
- D. Production orders
Answer: D
NEW QUESTION # 54
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 # 55
Which objects do you need to configure in SAP S/4HANA after a conversion from classic G/L to SAP S/4HANA? There are 2 correct answer to this question.
- A. Accounting principle
- B. Currency type
- C. Valuation Area
- D. Document type
Answer: A,C
NEW QUESTION # 56
If a customer decides to deploy SAP S/4HANA Cloud instead of SAP S/4HANA on premise, what distinct benefits will the customer gain? Note: There are 3 correct answers to this question
- A. Automatic updates every 3 months
- B. Higher degree of customization
- C. Seamless adoption of the existing processes
- D. Personalization through self-service configuration
- E. Faster initial implementation
Answer: A,C,E
NEW QUESTION # 57
You want to post values of the incoming sales order to both account-based CO-PA and Costing based CO-PA.
What do you need to maintain?
NOTE: There are 3 correct answers to this question
- A. Activate the transfer of incoming sales orders
- B. Activate predictive accounting for incoming sales orders
- C. Activate the indicator for incoming sales orders in the attributes view of the operating concerns
- D. Setup an extension ledger with type "line items with technical numbers"
- E. Creative statistical cost elements for cost and revenues of incoming sales orders
Answer: A,B,E
NEW QUESTION # 58
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