Latest [Jan 06, 2024] SAP P_S4FIN_2021 Exam Practice Test To Gain Brilliante Result
Take a Leap Forward in Your Career by Earning SAP P_S4FIN_2021
SAP P_S4FIN_2021 exam covers a wide range of topics, including financial closing, financial accounting, management accounting, financial supply chain management, and treasury and risk management. P_S4FIN_2021 exam is designed to test the candidate's understanding of SAP S/4HANA for SAP ERP Finance and its integration with other SAP products and solutions. P_S4FIN_2021 exam is also designed to test the candidate's ability to use SAP tools and technologies to solve complex financial problems.
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%.
NEW QUESTION # 35
On what level can you assign a fiscal year variant to a company code?
- A. Ledger group, for any type of ledger
- B. Ledger group, for standard ledger type
- C. Ledger, for any type of ledger
- D. Ledger, forstandard ledger type
Answer: C
NEW QUESTION # 36
What does an administrator need to do in the SAP Fiori Gateway server in order to launch a native SAP Fiori application from the SAP Fiori Launchpad? Note: There are 2 correct answers to this question.
- A. Assign the SAP Fiori tile catalog to a role relevant for the user.
- B. Activate the SAP Screen Personas flavor for the app.
- C. Activate the OData service relevant for the app.
- D. Assign the SAP Fiori tile group to a role relevant for the user.
Answer: A,C
NEW QUESTION # 37
You activate account-based CO-PA (Profitability Analysis) during migration. How is the system affected? Note: There are 3 correct answers to this question.
- A. Cost component split (COGS) can be configured in financial accounting.
- B. Cost-based CO-PA can still be used in parallel.
- C. Historical data will be enriched with characteristics by derivation
- D. Characteristics will be added to the universal journal.
- E. Value fields will be added to the universal journal.
Answer: A,B,D
NEW QUESTION # 38
What processes do you perform as part of liquidity management? Note: There are 3 correct answers to this question.
- A. Forecast balances
- B. Review credit standing
- C. Post credit memos
- D. Monitor cash flow
- E. Perform planning
Answer: A,D,E
NEW QUESTION # 39
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.
- A. Actual COGS (based on material ledger) in cost-based CO-PA
- B. Actual COGS (based on actual costing) in account-based CO-PA
- C. Standard COGS in account-based CO
- D. Moving average COGS in account-based CO-PA
- E. Standard COGS in cost-based CO-PA
Answer: A,C,E
NEW QUESTION # 40
In your SAP S/4HANA system, When does a document posted in controlling become Visible in financial accounting?
- A. When real-time integration is active for the company code
- B. When document splitting is active for the company code
- C. When FI account assignments (such as the segment) change
- D. When any primary and secondary cost and revenue accounts are posted
Answer: D
NEW QUESTION # 41
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
Answer: D
NEW QUESTION # 42
Which objects do you migrate from SAP ERP to SAP S/4HANA? Note: There are 3 correct answers to this question.
- A. Data of costing-based profitability analysis
- B. Master data such as assets and profit centers.
- C. House banks for new Bank Account Management.
- D. Balances of accounts, customers, and vendors.
- E. Accounting documents of financial accounting and controlling
Answer: C,D,E
NEW QUESTION # 43
Which data can be transferred to both account-based CO-PA and costing-based CO-PA? There are 2 correct answers to this question.
- A. Statistical sales conditions
- B. Variances to work in process values
- C. Commitments
- D. Split of cost of goods sold according to the cost component split
Answer: A,D
NEW QUESTION # 44
Which of the following is a prerequisite to activate takeover values between depreciation areas?
- A. Takeover values are no longer supported in SAP S/4HANA.
- B. Depreciation areas must be assigned to the same accounting principles
- C. Takeover values are possible across all depreciation areas.
- D. Only one depreciation area per chart of depreciation is assigned 00.
Answer: C
NEW QUESTION # 45
You need to transfer multiple standard cost prices to CO-PA in an SAP S/4HANA system. What do you need to set up?
- A. The new refinement for cost of goods sold postings in account-based CO-PA
- B. Valuation using material cost estimate in costing-based CO-PA and account-based-COPA
- C. Valuation using material cost estimate in costing-based CO-PA
- D. Valuation using material cost estimate in account-based CO-PA
Answer: A
NEW QUESTION # 46
What are some features of actual costing in SAP S/4 HANA? There are 2 correct answer to this question
- A. Simplified data structure with new table structure
- B. Possibility of post-closing in the alternative valuation run (AVR)
- C. Reduced number of steps in the calculation cockpit
- D. Selection of activity prices of other CO-versions in the standard run
Answer: A,C
NEW QUESTION # 47
What function is delivered with business function EA-FIN to support SAP S/4HANA?
- A. New Depreciation Engine
- B. Special valuations
- C. Parallel depreciation areas
- D. Parallel ledgers
Answer: A
NEW QUESTION # 48
Which of the following components are obsolete are require migration activities during a Statistical There are 3 correct answers to this question.
- A. Classic credit management
- B. Costing based CO- PA
- C. Cash Management
- D. Accrual engine
- E. Special purpose ledger
Answer: A,C,E
NEW QUESTION # 49
Which processes create an artificial controlling document (document numberstarting with A)?Note: There are 2 correct answers to this question.
- A. Internal activity allocation to sales order
- B. Stock material consumption on project
- C. FI posting of primary costs to production order
- D. Top down distribution in margin analysis
Answer: C,D
NEW QUESTION # 50
You want to create a balance sheet and profit & loss statement on segment level. Which steps do you need to take in the system? Note: There are 2 correct answers to this question.
- A. Define a PA transfer structure.
- B. Define a clearing account.
- C. Assign a segment to all G/L accounts
- D. Set the zero balance indicator.
Answer: B,D
NEW QUESTION # 51
A document can have up to 999999 line items in the universal journal (reposing or G/L view). How does this affect the entry view (table BSEG)?
- A. It is extended to 999999 line items
- B. The system splits the single entry into multiple documents as required
- C. It is limited to 999 items
- D. The entry view is also based on the universal journal
Answer: C
NEW QUESTION # 52
Your customer's company code is assigned to a chart of depreciation with three depreciation areas that post in real time. Last year, your customer acquired an asset that was only capitalized In two of the depredation areas this year you post an integrated asset sale to a customer for this asset. How many documents are generated during the sale posting?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: D
NEW QUESTION # 53
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?
- A. Create a BP category for each legal form maintained for customers/vendors.
- B. Create a BP grouping for each customer and vendor account group.
- C. Create a BP role for each customer and vendor account group.
- D. Create a BP type for each industry category in the customer/vendor accounts.
Answer: B
NEW QUESTION # 54
You maintain a launchpad for users who are assigned to the Z_MANACC role. What do you need to do to make an app available for the users?
- A. Assign the app directly to the Z_MANACC role and add the app to a group.
- B. Add the app to a catalog that is assigned to the Z_MANACC role.
- C. Add the app to a group that is assigned to the Z_MANACC role
- D. Assign the app directly to the Z_MANACC role and add the app to a catalog.
Answer: B
NEW QUESTION # 55
You are converting yoursystem to SAP S/4HANA. In yoursystem, you have:Three company codes assigned to a single controlling area. Controlling area is assigned to fiscal year variant K4. Two company codes assigned to fiscal year variant K2. One company code assigned to variant K3.During conversion to SAP S/4HANA, what do you need to change?
- A. Change all company codes to fiscal year variant K4.
- B. Change all company codes to fiscal year variant K2.
- C. Change all company codes and the controlling area to fiscal year variant K2.
- D. Create a new fiscal year variant (for example Z4) and assign it to all company codes and the controlling area.
Answer: A
NEW QUESTION # 56
What can you do with asset accounting in SAP S/4HANA Finance? There are 3 correct answer to this question.
- A. Assign separate settlement rules for depreciation areas.
- B. Simultaneously post separate values by depreciation area.
- C. Complete periodic acquisition and production cost adjustments postings
- D. Define transaction types by depreciation area
- E. Post revenue for retirements by acquisition and production cost
Answer: A,B,E
NEW QUESTION # 57
You create a new G/L account. Which G/L account type can you assign? There are 2 correct answer to this question
- A. Assessment Costs
- B. Primary Costs or Revenue
- C. Secondary Costs
- D. Internal Activity Costs
Answer: B,C
NEW QUESTION # 58
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?
- A. Assign the app directly to role Z MANACC
- B. Activate the user parameter for PFCG (role maintenance) for role Z MANACC
- C. Activate the OData Service for role Z MANACC which is assigned to the app according to the SAP Fiori apps reference library
- D. Add the app to a catalog and a group that are assigned to role Z MANACC
Answer: D
NEW QUESTION # 59
......
SAP P-S4FIN-2021 Certification Exam is designed for financial experts who want to validate their proficiency in using SAP S/4HANA for ERP finance processes. Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts certification focuses on the financial aspects of SAP S/4HANA and covers topics such as financial accounting, management accounting, financial supply chain management, and treasury and risk management. P_S4FIN_2021 exam is intended for individuals who have a deep understanding of financial processes in SAP ERP and are looking to upgrade their skills to SAP S/4HANA.
Authentic Best resources for P_S4FIN_2021 Online Practice Exam: https://www.pass4leader.com/SAP/P_S4FIN_2021-exam.html
Updates Up to 365 days On Developing P_S4FIN_2021 Braindumps: https://drive.google.com/open?id=1KximMkD8i5n5iuwyR_IHc85VwOMi0nyo