Give Push to your Success with SAP Certified Application Professional P_S4FIN_2021 Exam Questions
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NEW QUESTION # 41
Which object do you enter in controlling transactions to update a specific valuation in the universal journal?
- A. Valuation area
- B. Ledger
- C. Accounting principle
- D. Ledger group
Answer: D
NEW QUESTION # 42
What are planning level and planning group used for in SAP Cash Management? There are 2 correct answers to this question.
- A. 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. - B. 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.
- C. 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. - D. Planning group is used to group assets by order of liquidity: petty cash, bank, AR/AP, investments, etc.
Answer: B,C
NEW QUESTION # 43
Which downstream activities can be updated when you post a payment in receivables management? Note:
- A. Update of a promise to pay
- B. Reduction of an open dispute case amount
- C. There are 2 correct answers to this question.
- D. Update of days sales outstanding calculations
- E. Release of an order from credit hold
Answer: A,E
NEW QUESTION # 44
In an SAP S/4HANA system, which of the following features is mandatory?
- A. Parallel ledgers
- B. Actual costing
- C. Margin analysis
- D. Material ledger
Answer: D
NEW QUESTION # 45
What is an advantage of selecting the multi-tenant edition of SAP S/4HANA Cloud instead of an On-premise SAP S/4HANA solution?
- A. Faster innovation cycles
- B. Support for all industries
- C. Cloud platform compatibility
- D. Fuller integration to external systems
Answer: A
NEW QUESTION # 46
Which of the following is a prerequisite to activating takeover values between depreciation areas?
- A. Depreciation areas must be assigned to the same accounting principles
- B. Takeover values are possible across all depreciation areas
- C. Only the depreciation area for book depreciation is assigned 00
- D. Only one depreciation area per chart of depreciation is assigned 00
Answer: B
NEW QUESTION # 47
Which account assignments can you use to classify line items posted into different source assignments for revenue recognitions? Note: There are 3 correct answers to this question.
- A. Billing condition types
- B. G/L accounts
- C. Profit center
- D. Cost element categories
- E. Value field
Answer: A,B,D
NEW QUESTION # 48
Before conversion to SAP S/4HANA, which activities must be completed in the SAP ERP system for Asset Accounting?
There are 3 correct answers to this question.
- A. Define a technical clearing account for integrated acquisitions
- B. Assign accounting principle to all depreciation areas
- C. Close all fiscal years except the current one
- D. Activate Enterprise Extension EA-FIN
- E. Define depreciation area for all currency types
Answer: C,D,E
NEW QUESTION # 49
What are the key components of the intelligent enterprise by SAP? There are 3 correct answers to this question
- A. Seamless integration
- B. Digital Platform
- C. Intelligent Technologies
- D. Hybrid cloud
- E. Intelligent Suite
Answer: B,C,E
NEW QUESTION # 50
What SAP Fiori app should be used to leverage the machine learning service for goods and invoice receipt reconciliation?
- A. Business Reconciliation Report
- B. Reconcile GR/IR accounts
- C. Post Goods Receipt for inbound Delivery
- D. Confirm Receipt of Goods
Answer: B
NEW QUESTION # 51
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 internal number ranges in the BP groupings for the conversion and switch to external afterward
- B. Use external number ranges in the BP groupings for the conversion and switch to internal afterward
- C. Use external number ranges in the customer and supplier account groups for the conversion and switch to internal afterward
- D. Use internal number ranges in the customer and supplier account groups for the conversion and switch to external afterward
Answer: C
NEW QUESTION # 52
You want to configure an extension ledger. Which steps do you need to take? There are 2 correct answer to this question.
- A. Specify currency types for the extension ledger.
- B. Select an Underlying ledger for the extension ledger.
- C. Specify the document type for the extension ledger.
- D. Assign a fiscal year variant to the extension ledger.
Answer: B,C
NEW QUESTION # 53
Your customer is implementing a new installation of SAP S/4HANA.
Which of the following technical components must be installed?
- A. SAP NetWeaver Application Server
- B. SAP Business Planning and Consolidation for SAP S/4HANA
- C. SAP Fiori for SAP S/4HANA
- D. SAP S/4HANA, embedded Business Warehouse
Answer: A
NEW QUESTION # 54
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 added in BSEG without a corresponding line item in ACDOCA.
- D. There can be a line item in ACDOCA without a corresponding line item in BKPF.
Answer: D
NEW QUESTION # 55
You activate account-based CO-PA (Profitability Analysis) during migration. How is the system affected?
There are 3 correct answers to this question.
- A. Historical data will be enriched with characteristics by derivation
- B. Value fields will be added to the universal Journal
- C. Cost component split (COGS) can be configured in financial accounting
- D. Characteristics will be added to universal journal
- E. Cost based CO-PA can still be used in parallel
Answer: C,D,E
NEW QUESTION # 56
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By passing the SAP P_S4FIN_2021 certification exam, finance professionals can demonstrate their proficiency in implementing and configuring financial solutions in SAP S/4HANA. Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts certification is a valuable asset for finance professionals, as it highlights their expertise in financial accounting, management accounting, and financial supply chain management. Additionally, this certification can help finance professionals to advance their career and enhance their earning potential in the field of financial management.
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