Free SAP P_S4FIN_2021 Practice Test & Real Exam Questions

Exam Code/Number: P_S4FIN_2021
Exam Name/Title: Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts
Certification Provider: SAP
Corresponding Certification: SAP Certified Application Professional

Exam Questions: 82
Updated On: Aug 15, 2026

Question #28

What system configuration in your customer's current SAP ERP system will have a major effect on the duration and complexity of a system conversion to SAP S/4HANA?

A. The system does NOT use material ledger for actual costing.

B. The customer uses the accounts approach for parallel accounting

C. The customer does NOT use business partners to manage customers and suppliers

D. The system uses classic asset accounting to manage fixed assets.

Discussion 0

Correct Answer: D Vote an answer

Question #29

You are converting your system to SAP S/4HANA.Which functionality became obsolete in S/4HANA in Asset Accounting and needs to be migrated before conversion?

A. Non-posting depreciation areas

B. Depreciation areas for parallel currencies

C. Year-end closing

D. Insurance values in the asset master records

Discussion 0

Correct Answer: D Vote an answer

Question #30

What SAP S/4HANA deployment option will cause the least business disruption for the average SAP end user?

A. On premise

B. Public cloud

C. Central finance

D. Private cloud

Discussion 0

Correct Answer: C Vote an answer

Question #31

A document can have up to 999999 line items in the universal journal (reporting or G/L view).How does this affect the entry view table

A. It is automatically extended to 999999 line items.

B. It is still limited to 999 line items but the system automatically splits the single entry into multiple documents as required

C. It is now a compatibility view without number restrictions.

D. It is still limited to 999 line items but you can configure summarization on certain criteria.

Discussion 0

Correct Answer: D Vote an answer

Question #32

What do you assign to a depreciation area in SAP S/4HANA asset accounting? Note: There are 2 correct answers to this question.

A. A ledger account determination key

B. A chart of depreciation

C. An accounting principle

D. An alternative depreciation area

Discussion 0

Correct Answer: C,D Vote an answer

Question #33

What setting must be identical between the company code and controlling area?

A. The fiscal year variant key

B. The number of posting and special periods

C. The posting period variant key

D. The valuation variant key

Discussion 0

Correct Answer: A Vote an answer

Question #34

What data for asset accounting is stored in the universal journal? Note: There are 2 correct answers to this question.

A. Actual depreciations of all depreciation areas that are set to post depreciation periodically

B. Actual depreciations of the controlling depreciation area used for management valuations

C. Acquisition and production cost values of all depreciation areas that are defined as real depreciation areas

D. Acquisition and production cost values of all depreciation areas that are assigned to an accounting principle

Discussion 0

Correct Answer: A,D Vote an answer

Question #35

You create a G/L account and set the cost element category to 42 (assessment).In what table isthe cost element category updated?

A. CSKA

B. SKB1

C. SKA1

D. CSKB

Discussion 0

Correct Answer: D Vote an answer

Question #36

On which levels can you assign semantic tags to a financial statement version in SAP Fiori?Note: There are 3 correct answers to this question.

A. Functional area

B. G/L account

C. Segment

D. Business area

E. Financial statement item

Discussion 0

Correct Answer: A,B,E Vote an answer

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