[Q30-Q50] Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts Practice Tests 2023 Pass P_S4FIN_2021 with confidence! – IT Certification Exam Questions & Answers

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Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts Practice Tests 2023 | Pass P_S4FIN_2021 with confidence!

Practice SAP Certified Application Professional P_S4FIN_2021 exam. Online Exam Practice Tests with detailed explanations!

To prepare for the SAP P_S4FIN_2021 exam, candidates can take advantage of various resources offered by SAP, including training courses, study guides, and practice exams. They can also gain hands-on experience by working on SAP S/4HANA Finance projects. It is essential to have a strong understanding of the SAP S/4HANA platform and its financial management capabilities to succeed in the exam.

SAP P_S4FIN_2021 exam consists of 80 multiple-choice questions that must be completed within a time limit of 180 minutes. Candidates must score at least 68% to pass the exam and earn their certification. P_S4FIN_2021 exam is available in multiple languages and can be taken at authorized testing centers or online.

QUESTION 30
What are the key components of the intelligent enterprise by SAP? There are 3 correct answers to this question

Intelligent Suite

Digital Platform

Seamless integration

Hybrid cloud

Intelligent Technologies

QUESTION 31
If you use the ledger approach, which customization settings must you apply for new Asset Account? Note:
There are 2 correct answers to these questions.

Assign an accounting principle to every depreciation area.

Set reconciliation account for parallel valuation (non-leading ledger).

Define a technical clearing account for integrated asset acquisitions.

Assign a controlling version to each depreciation area.

QUESTION 32
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.

Enable COGS split for sales processes posted to internal orders and projects.

Enable COGS split for stock transfers and point-of-sale transactions.

Enable COGS split for postings made on the source account through internal processes in Financials and Controlling.

Enable COGS split on the basis of the main cost component structure and auxiliary cost component structure.

QUESTION 33
What is the earliest point in time that the attributed profitability segments can be derived?

When you settle the cost to profitability analysis

When you run result the analysis for cost objects

When you post the primary cost document

When you run the realignment in profitability analysis

QUESTION 34
In which sequence do you create the objects required for the SAP financial closing cockpit?

1. Create task group
2. Create task lists 3 Create tasks
4. Release task lists

1. Define closing periods
2. Create task lists
3. Release task lists
4. Release closing periods

1. Define task levels
2. Create task group
3. Release task levels
4. Release task group
1. Create template
2. Create tasks

3. Create task lists
4. Release task lists

QUESTION 35
What does the Parallel Accounting Using G/L Accounts indicator in ledger configuration allow you to do?

Assign 2 or more ledgers to 1 accounting principle

Assign 2 or more accounting principles to 1 valuation area

Assign 2 or more accounting principles to the non-leading ledger

Assign 2 or more accounting principles to the leading ledger

QUESTION 36
You extend the coding block in the universal journal with a custom field. Which components can use this new field without requiring further customization? Note: There are 2 correct answers to this question.

Classic profit center accounting.

Account-based CO-PA

General ledger accounting

Costing-based CO-PA

QUESTION 37
Which settings are allowed for open item management for the GR/IR account? Note: There are 2 correct answers to this question.

Reconciliation account

Classic open item management

Extended open item management

Ledger specific open item management

QUESTION 38
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?

Sales order entry postings.

Manual postings.

Cost of goods sold (COGS) split per cost component.

Production variance split per variance category.

QUESTION 39
A customer is currently running SAP ERP and wants to transition to a new implementation of SAP S/4HANA 1809. Yea are required to provide them with a solution that enable them transition to SAP S/4 HANA Customer specific enhancements. Which of the following tools will help leverage the transition process?

Software Update Manager

SAP S/4HANA migration cockpit

SAP Transformation navigator

SAP Readiness check for sap S/4 HANA

QUESTION 40
Which downstream activities can be updated when you post a payment in receivables management? Note:

There are 2 correct answers to this question.

Update of days sales outstanding calculations

Update of a promise to pay

Release of an order from credit hold

Reduction of an open dispute case amount

QUESTION 41
You select the configuration option Set Migration to complete in the conversion of Accounting to SAP S/4HANA.
What does this mean?
There are 3 correct answers to this question

All error messages have been accepted

The previous year can be reopened

Customizing is consistent

All views are generated successfully

Migration for logistics can begin

QUESTION 42
What conversion preparation step can be executed only after installing SAP S/4HANA? Please choose the correct answer.

Maintenance planner

Simplification item check

Check customizing settings prior to migration

SAP readiness check

QUESTION 43
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.

Custom Code Check

Global Performance Analysis

Authority Check

SAP Readiness Check

Simplification Item-Check

QUESTION 44
What are the data sources for cash management in SAP S/4HANA? There are 3 correct answers to this question.

Price records

Sales order records

Purchase order records

Memo records

Consolidation records

QUESTION 45
Which data can be transferred to both account-based CO-PA and costing-based CO-PA? There are 2 correct answers to this question.

Commitments

Variances to work in process values

Statistical sales conditions

Split of cost of goods sold according to the cost component split

QUESTION 46
How do you compensate for the technical clearing account NOT balancing in all accounting principles with the accounts approach for parallel valuation? Please choose the correct answer.

By running the periodic acquisition and production cost posting

By maintaining the offset account in the asset account determination

By running the monthly depreciation posting

By entering manual corrective clearing transfer postings

QUESTION 47
You need to select the Apply Account Assignments Statistically in Fixed Asset Account/Material Account checkbox in a G/L account master record for an assert G/L account, but athese field is currently, NOT available.
What could be the reasons for this behavior? Note: There are 2 correct answers to this question.

The G/L account is NOT maintained in the account determination of fixed asset accounting

The G/L account is NOT maintained in the account determination for materials management.

The G/L account is NOT a reconciliation account type for assets.

The G/L account is NOT maintained in the account determination for real-time integration with UCO.

QUESTION 48
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?

Activate the OData Service for role Z MANACC which is assigned to the app according to the SAP Fiori apps reference library

Assign the app directly to role Z MANACC

Add the app to a catalog and a group that are assigned to role Z MANACC

Activate the user parameter for PFCG (role maintenance) for role Z MANACC

QUESTION 49
What is required to enable the payment approval process in cash operations? There are 3 correct answers to this question.

Create rule to require signature

Create scenario without approval

Define a grouping method for the rule you defined

Create a rule for approvals

Define signature methods for approvals

QUESTION 50
What are some features of actual costing in SAP S/4HANA?Note: There are 2 correct answers to this question

Selection of activity prices of other CO-versions in the standard run