Unique Top-selling P-S4FIN-2021 Exams - New 2023 SAP Pratice Exam
SAP Certified Application Professional Dumps P-S4FIN-2021 Exam for Full Questions - Exam Study Guide
NEW QUESTION 16
You need to create a new user-defined characteristic in account based CO-PA and must ensure that is part of the universal journal entry. Which actions do you have to perform? Note: There are 2 correct answers to this question
- A. Maintain the proper derivation rules in transaction KEDR.
- B. Generate the operating concern.
- C. Activate the CO-PA append structure in ACDOCA
- D. Create the user-defined characteristic and add it to the operating concern
Answer: B,D
NEW QUESTION 17
How can financial data be stored in the SAP S/4HANA system tables? Note: There are 2 correct answers to this question.
- A. There can be a line item in ACDOCA without a corresponding line item in BSEG.
- B. There can be a line item in BSEG without a corresponding document in BKPF.
- C. There can be a line item in ACDOCA without a corresponding line item in BKPF.
- D. There can be a line item added in BSEG without a corresponding line item in ACDOCA.
Answer: C
NEW QUESTION 18
Which reports are included with SAP S/4HANA, embedded analytics? There are 2 correct answer to this question
- A. Multidimensional reports
- B. SAP Lumira reports
- C. SAP Analysis for Microsoft Office reports
- D. Analytical list page reports
Answer: A,D
NEW QUESTION 19
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
- A. Post FI supplier invoice (FB60)
- B. Settlement of internal order (K088)
- C. Post time sheet data to Controlling (CAT7)
- D. Assessment cycle of cost centers (KSU5)
Answer: A,C
NEW QUESTION 20
Which modules read and write line items of the universal journal (ACDOCA)?Note: There are 2 correct answers to this question.
- A. Account-based profitability analysis
- B. Cash management
- C. Actual costing
- D. Costing-based profitability analysis
Answer: A,B
NEW QUESTION 21
Which ledger-specific configuration can you maintain at company code level? Note: There are 2 correct answers to this question.
- A. The financial statement version for both types of ledgers
- B. The posting period variant for the extension ledger
- C. The valuation view for the extension ledger
- D. The fiscal year variant for the standard ledger
Answer: B,D
NEW QUESTION 22
The following ledgers are assigned to your company code in financial accounting. Standard ledgers A and B Extension ledger C with Standard ledger A as. Which ledgers are listed in the universal journal entry line items after you enter an incoming ivocie?
- A. Standard ledger B
- B. Extension ledger C
Standard ledger A - C. Standard ledger A
Standard ledger B - D. Extension ledger C
Standard ledger B - E. Standard ledger A
Extension ledger C
Answer: C
NEW QUESTION 23
What SAP Fiori app should be used to leverage the machine learning service for goods and invoice receipt reconciliation?
- A. Business Reconciliation Report
- B. Post Goods Receipt for inbound Delivery
- C. Confirm Receipt of Goods
- D. Reconcile GR/IR accounts
Answer: D
NEW QUESTION 24
Which values are stored in the universal journal (ACDOCA)? There are 2 correct answer to this question.
- A. Plan data
- B. Actual costing results
- C. Transfer Prices
- D. Parallel currencies
Answer: C,D
NEW QUESTION 25
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. Chart of Accounts Conversion
- B. SAP Standard Conversion
- C. Selective Data Transition
- D. New implementation
Answer: A,B
NEW QUESTION 26
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?
- A. Use external number ranges in the BP groupings for the conversion and switch to internal afterward
- B. Use internal number ranges in the customer and supplier account groups for the conversion and switch to external afterward
- C. Use internal number ranges in the BP groupings for the conversion and switch to external afterward
- D. Use external number ranges in the customer and supplier account groups for the conversion and switch to internal afterward
Answer: D
NEW QUESTION 27
Which characteristics of the ACDOCP planning table distinguish it from most other SAP S/4HANA tables?
Note: There are 2 correct answers to this question
- A. ACDOCP is an isolated table.
- B. ACDOCP derives data from ACDOCA.
- C. ACDOCP is a cluster table.
- D. ACDOCP is a table with delta mechanism.
Answer: A,D
NEW QUESTION 28
What do you manage within cash operations of SAP Cash Management? Note: There are 2 correct answers to this question.
- A. Credit limits for customer accounts
- B. Bank risk analysis and risk mitigation
- C. Hedging and hedging contracts
- D. Daily cash position, deficits, and surpluses
Answer: B,D
NEW QUESTION 29
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. Cross company code postings
- B. Settlement of investment orders
- C. balance carry forward
- D. Corrections due to migrations
Answer: C,D
NEW QUESTION 30
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. Seamless adoption of the existing processes
- B. Faster initial implementation
- C. Higher degree of customization
- D. Automatic updates every 3 months
- E. Personalization through self-service configuration
Answer: A,B,D
NEW QUESTION 31
Which objects do you need to configure in SAP S/4HANA after a conversion from classic G/L to SAP S/4HANA? Note: There are 2 correct answers to this question.
- A. Currency type
- B. Document type
- C. Valuation area
- D. Accounting principle
Answer: C,D
NEW QUESTION 32
You carry forward balances for your company code and leading ledger to the new fiscal year 2022 and you get an error message related to asset accounting. What single action can resolve the error?
- A. Run the fiscal year change (transaction FAA_CMP) to close fiscal year 2020.
- B. Run "Calculate Depreciation" (transaction AFAR) forfiscal year 2022.
- C. Post all depreciation (transaction AFAB) for the fiscal year 2021
- D. Post revaluation and new valuation (transaction AR29N) forfiscal year 2021.
Answer: A
NEW QUESTION 33
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 is available only for new installations.
- B. It requires a non-leading ledger for parallel valuations.
- C. It utilizes separate amount columns in the same ledger.
- D. It will NOT have any valuation view assigned to the ledger.
Answer: C,D
NEW QUESTION 34
Which step is automatically performed in Asset Accounting when you perform the year-end balance carryforward?
- A. The depreciation run (program FAA_DEPRECIATION_POST) for period 12 of the fiscal year i s triggered.
- B. The year-end closing (program RAJABS00) is executed and the previous fiscal year is closed.
- 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: A
NEW QUESTION 35
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: C
NEW QUESTION 36
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. Internal Activity Costs
- D. Primary Costs or Revenue
Answer: B,D
NEW QUESTION 37
In which sequence do you create the objects required for the SAP financial closing cockpit?
- A. 1. Define task levels
2. Create task group
3. Release task levels
4. Release task group
1. Create template
2. Create tasks - B. 1. Define closing periods
2. Create task lists
3. Release task lists
4. Release closing periods - C. 3. Create task lists
4. Release task lists - D. 1. Create task group
2. Create task lists 3 Create tasks
4. Release task lists
Answer: D
NEW QUESTION 38
At which level do you define that a G/L account is a secondary cost account?
- A. Company code
- B. Operating concern
- C. Controlling area
- D. Chart of accounts
Answer: D
NEW QUESTION 39
Which processes create an artificial controlling document? 2 correct answers
- A. Stock material consumption on project
- B. Internal activity allocation to sales order
- C. FI posting of primary costs to production order
- D. Assessment from cost center to account based profitability analysis
Answer: C,D
NEW QUESTION 40
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