Latest [Jan 26, 2024] Realistic Verified P_S4FIN_2021 Dumps [Q13-Q34] – IT Certification Exam Questions & Answers

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Latest [Jan 26, 2024] Realistic Verified P_S4FIN_2021 Dumps

Pass SAP P_S4FIN_2021 Exam Updated 82 Questions

SAP P-S4FIN-2021 (Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts) Certification Exam is a comprehensive test that measures the applicant’s knowledge of the SAP S/4HANA Financials module. Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts certification is designed for professionals who have experience with SAP ERP Financials and want to expand their skills to include the latest SAP technologies. Passing P_S4FIN_2021 exam demonstrates proficiency in the core functionality of SAP S/4HANA Financials and validates the applicant’s expertise in the latest financial processes.

To be eligible for this certification, candidates must have a minimum of two years of experience in SAP ERP Finance and at least one year of experience working with SAP S/4HANA Financials. Candidates must also pass the SAP Certified Application Professional – Financial Accounting (FI) with SAP ERP 6.0 EhP7 or higher certification exam before taking the SAP P-S4FIN-2021 exam. Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts certification exam consists of 80 multiple-choice questions, and candidates have three hours to complete the exam. Passing the exam requires a score of at least 66%.

NO.13 Which step is automatically performed in Asset Accounting when you perform the year-end balance carryforward?

The depreciation for the new year is calculated and maintained per asset in table FAAT_PLAN U VALUES

The plan/actual variance is calculated for the annual capital expense reporting on statistical cost LJ elements (type 90).

The year-end closing (program RAJABS00) is executed and the previous fiscal year is closed.

The depreciation run (program FAA_DEPRECIATION_POST) for period 12 of the fiscal year i s triggered.

NO.14 The ACDOCA table has a 6-digit field for document line numbers. However, CO documents updating the COEP table are still limited to 999 lines. How does SAP S/4HANA handle large line item numbers when updating the CO documents?

It creates a new document when there are more than 999 lines.

It outputs an error message when there are more than 999 lines.

It no longer assigns CO-specific document numbers.

It creates a new document when there are more than 999.999 lines

NO.15 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

Automatic updates every 3 months

Higher degree of customization

Faster initial implementation

Seamless adoption of the existing processes

Personalization through self-service configuration

NO.16 Which transaction types can be restricted to depreciation areas in new Asset Accounting? Note: There are 2 correct answers to this question.

Transfers

Revaluation and new valuation

Investment support

Retirements

NO.17 Your customer uses SAP ERP on any database with EHP 8, classic G/L with accounts approach, and more than 10 years’ worth of dat a. What can you do in separate projects before the SAP S/4HANA conversion to reduce the complexity of your conversion project? Note: There are 2 correct answers to this question.

Launch customer-vendor integration for the business partner.

Implement an archiving project.

Adopt new Asset Accounting.

Create a backup.

NO.18 What do you configure to enable the automatic creation of a vendor when you create a business partner? There are 2 correct answers to this question

The partner functions for vendors

The Business partner grouping key

The customer/vendor integration interface

The incoterms for vendors

NO.19 You create a G/L account and set the cost element category to 42 (assessment).In what table isthe cost element category updated?

SKB1

CSKA

SKA1

CSKB

NO.20 What must you do before a Go Live migration in the productive client can be set to Complete in customizing?
Note: There are 2 correct answers to this question.

Get approval of business department and project management.

Apply small-scale live postings of the day-to-day business to check the system

Finalize the before-and-after comparison of the financial reports with the business department

Transfer application indexes using data aging

NO.21 In controlling, what is a mandatory customizing step when convening a system to SAP S/4HANA?

Create document type for CO postings

Define profit center hierarchy.

Migrate the material ledger

Activate account based CO-PA

NO.22 You convert a system from SAP ERP with classic G/L to SAP S/4HANA.
Which activities must you perform in the productive SAP S/4HANA system before the software is installed? There are 2 correct answers to this question.

Run balance sheet and G/L account balances reporting.

Start the RAPERB2000 asset report.

Perform G/L customizing for migration.

Activate new Asset Accounting.

NO.23 Where can you view the cost of goods sold (COGS) postings per cost component in CO-PA? Note: There are 3 correct answers to this question.

Standard COGS in cost-based CO-PA

Actual COGS (based on actual costing) in account-based CO-PA

Standard COGS in account-based CO

Moving average COGS in account-based CO-PA

Actual COGS (based on material ledger) in cost-based CO-PA

NO.24 In your system, you are creating a new company code that requires an additional standard ledger.Which statements apply to a standard ledger?Note: There are 2 correct answers to this question.

It must be assigned to an underlying ledger.

It will generate additional line items in ACDOCA for non-ledger-specific postings.

It is always active on the system level for all company codes.

If asset accounting is used, a depreciation area must be assigned.

NO.25 What are planning level and planning group used for in SAP Cash Management? There are 2 correct answers to this question.

Planning level and planning group are used in the configuration of the grouping structure, which enables you to group bank and subledger accounts together in the cash position or the liquidity forecast.

Planning level is used in the company code data of the business partner to control accounts receivable and accounts payable in SAP Cash Management.
– Planning group is used in the G/L account data to enable the liquidity forecast.
– Planning group is used to group customers and vendors to enable accurate forecast.

Planning level is used to control displays in SAP Cash Management and to differentiate between noted item, purchase order, bank account, etc.
– Planning level is used to differentiate between strategic, business, and operational plan.

Planning group is used to group assets by order of liquidity: petty cash, bank, AR/AP, investments, etc.

NO.26 Your system currently does NOT use business partners (BP). The master data for suppliers and vendors and the defined account groups are NOT connected and are handled by separate departments. When preparing for integration, what do you have to create?

Create a BP type for each industry category in the customer/vendor accounts.

Create a BP grouping for each customer and vendor account group.

Create a BP role for each customer and vendor account group.

Create a BP category for each legal form maintained for customers/vendors.

NO.27 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 are a. What is the effect in the system when you save this account?

The system brings up an error message and rejectsthe change.

The cost element category is different in the two company codes.

The cost element category in the account is changed back to “42” for company code 1750.

The cost element category in the account is changed for both company codes

NO.28 What are possible post-migration activities for SAP S/4HANA migration projects? Note: There are 2 correct answers to this question

Fill offsetting accounts in financial documents

Transfer archived documents into ACDOCA

Update the open items through data aging

Calculate the net due date and discount due dates for open items

NO.29 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

NO.30 What is the maximum number of currency types that you can report on for a ledger?

NO.31 Which reports are included with SAP S/4HANA, embedded analytics? Note: There are 2 correct answers to this question.

Analytical List Page reports

Multidimensional reports

SAP Lumira reports

SAP Analysis for Microsoft Office reports

NO.32 What SAP Fiori app should be used to leverage the machine learning service for goods and invoice receipt reconciliation?

Business Reconciliation Report

Reconcile GR/IR accounts

Confirm Receipt of Goods

Post Goods Receipt for inbound Delivery

NO.33 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

NO.34 What is the purpose of the retraction workbook? Please choose the correct answer.

Retract planning data from ERP to BW

Retract planning data from BW to ERP

Retract planning data from BPC to ERP

Retract planning data from ERP to BPC

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IT Certification Exam Questions & Answers

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