SAP Certification P_S4FIN_2021 Exam Material

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P_S4FIN_2021 SAP Certified Application Professional - Financials in SAP
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SAP Certified Application Professional - Financials in SAP S/4HANA for SAP
ERP Finance Experts P_S4FIN_2021 exam free dumps questions are available
below for you to study. 
Full version: P_S4FIN_2021 Exam Dumps Questions
1.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.
A. A non-leading ledger
B. The summarization in ACDOCA
C. An extension ledger
D. Zero balance indicator for profit center
Answer: B,C
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2.Which of the following is a prerequisite to activate takeover values between depreciation areas?
A. Takeover values are possible across all depreciation areas.
B. Only one depreciation area per chart of depreciation is assigned 00.
C. Depreciation areas must be assigned to the same accounting principles
D. Takeover values are no longer supported in SAP S/4HANA.
Answer: A
3.How can you set up multiple valuations for transfer pricing in your SAP S/4HANA system? Note:
There are 2 correct answers to this question.
A. You can assign each valuation to a separate ledger.
B. You can assign additional valuations to separate accounts.
C. You can assign additional valuations to the extension ledgers.
D. You can assign profit center, group, and legal valuations to the same ledger.
Answer: A,D
4.A customer wants to analyze a G/L account, which is presenting asset acquisition value, on an
investment order.
What do you maintain in the G/L account master record to achieve this? Note: There are 2 correct
answers to this question.
A. Select the Record Account Assignment indicator.
B. Enter value 90 in the cost element category field.
C. Set the G/L account type to Primary Costs or Revenue.
D. Define the G/L account as an asset reconciliation account.
Answer: A,D
5.Which of the following components are obsolete and require migration activities during a standard
conversion to SAP S/4HANA? Note: There are 3 correct answers to this question.
A. Classic Credit Management
B. Cash Management
C. Accrual Engine
D. Special Purpose Ledger
E. Costing-based CO-PA
Answer: A,D,E
6.You are performing a system conversion for a customer that uses classic G/L with the accounts
approach.
What must you configure in SAP S/4HANA for local and international accounting standards in order to
migrate the account values in an S/4HANA standard conversion project? Note: There are 3 correct
answers to this question.
A. Valuation areas (FI)
B. Standard ledgers
C. Document types
D. Accounting principles
E. Ledger groups
Answer: A,D,E
7.Which modules read and write line items of the universal journal (ACDOCA)? Note: There are 2
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correct answers to this question.
A. Account-based profitability analysis
B. Actual costing
C. Cash management
D. Costing-based profitability analysis
Answer: A,C
8.In a first step, you create an account with account type "secondary cost element" and cost element
category "42" in controlling area A000 and company code 1010.In a second step, you change this
account to cost element category "43" in company code 1750, which is assigned to the same
controlling area.
What is the effect in the system when you save this account?
A. The system brings up an error message and rejectsthe change.
B. The cost element category is different in the two company codes.
C. The cost element category in the account is changed back to "42" for company code 1750.
D. The cost element category in the account is changed for both company codes
Answer: D
9.Your customer currently uses classic G/L and asks what new functionalities can be implemented
during an SAP standard conversion to SAP S/4HANA.What functionality can you activate?
A. Additional parallel currency
B. Document splitting
C. Margin analysis
D. Additional standard ledger
Answer: A
10.Which fields do you maintain when defining the source ledger for migration of balances? Note:
There are 2 correct answers to this question.
A. Source table
B. Period
C. Company code
D. Year
Answer: C,D
11.In your SAP S/4HANA system, you use the accounts approach for parallel valuation and report
financial values for three separate accounting principles. You post an acquisition for an asset that is
capitalized in a single accounting principle.
If you use the application for posting integrated asset acquisitions, how many documents will the
system post?
A. 4
B. 3
C. 1
D. 2
Answer: C
12.In your company code, you report on profit center and segment level. You post a single invoice
document for office supplies that has multiple expense line items per profit center.
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What document splitting process does the system use to assign the correct profit centers and
segments to the bank account line item when you post a payment for the invoice?
A. Document splitting default account assignment
B. Active document splitting
C. Document splitting inheritance
D. Passive document splitting
Answer: B
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