Free SAP (P_S4FIN_2021) Certification Sample Questions with Online Practice Test [Q48-Q62]

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Free SAP (P_S4FIN_2021) Certification Sample Questions with Online Practice Test

P_S4FIN_2021 Certification Study Guide Pass P_S4FIN_2021 Fast

NO.48 In which cases can you use a transfer price for goods movement in parallel valuation? There are 2 correct answers to this question.

Between two profit centres

Between two accounting principles

Between two plants

Between two company codes

NO.49 Your customer uses the ledger approach to multiple valuation. During conversion to SAP S/4HANA, which configurations will be required?
There are 2 correct answer to this question.

Convert accounts of parallel valuations to asset reconciliation accounts

Define the document type for the accounting-principle-specific-documents

Assign accounting principle to all real and derived depreciation areas

Configure delta depreciation areas to no longer post to the General ledger

NO.50 You carry forward balances for your company code and leading ledger to the new fiscal year 2021 and year What could resolve the error?

Run “calculate depreciation” (transition AFAR) for fiscal year 2021

Post revaluation and new valuation (transition AR29N) for fiscal year 2020

Run the fiscal year change (transition FAA_CMP) to close fiscal year 2019

Post all depreciation (transaction AFAB) for the fiscal year 2020

NO.51 You run an assessment cycle for cost centers, but no postings are made because the posting period is NOT open. Against which period interval is the check being made?

First interval 3, then interval 2 if interval 3 is not maintained

First interval 3, then intervals 1&2 if interval 3 is not maintained

Only interval 3, no other intervals checked if interval 3 is not maintained

First interval 3, then interval 1 if interval 3 is not maintained

NO.52 Which object acts as a data source for Cash Management (Cash Flow Analyzer) in SAP S/4HANA?

Memo records

Payment methods

Record types

Payment terms

NO.53 What can you do with asset accounting in SAP S/4HANA Finance? There are 3 correct answer to this question.

Assign separate settlement rules for depreciation areas.

Complete periodic acquisition and production cost adjustments postings

Post revenue for retirements by acquisition and production cost

Simultaneously post separate values by depreciation area.

Define transaction types by depreciation area

NO.54 During SAP S/4HANA conversion, why is it necessary to migrate balances for FI and CO? Please choose the correct answer.

Because all balances from the past years are stored in the universal journal

Because the system displays an error if the sum of aggregated line items differs from the balance

Because the system posts FI/CO documents for all missing line items by comparing them to the – balance of the account

Because a delta between all line items and the balance of every account will be updated in the universal journal

NO.55 How many digits for the amount field on the financial document line item level are supported in the universal journal

NO.56 You migrate 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? Note: There are 3 correct answers to this question.

Post required documents in FI and CO.

Start the RAPERB2000 asset report.

Run balance sheets and G/L account balances.

Activate new Asset Accounting.

Perform G/L customizing for migration.

NO.57 You carry forward balances for your company code and leading ledger to the new fiscal year 2022 and you get an error message related to asset accounting. What single action can resolve the error?

Post revaluation and new valuation (transaction AR29N) forfiscal year 2021.

Run the fiscal year change (transaction FAA_CMP) to close fiscal year 2020.

Run “Calculate Depreciation” (transaction AFAR) forfiscal year 2022.

Post all depreciation (transaction AFAB) for the fiscal year 2021

NO.58 What is the earliest point in time that the attributed profitability segments can be derived?

When you settle the cost to margin analysis

When you run the top-down distribution in margin analysis

When you assess the costs to margin analysis using the universal allocation

When you post the primary cost document to a WBS element

NO.59 Which three separates accounting principles. You post an acquisition for an asset that is capitalized in a single accounting principle. If you use the application for posting integrated asset acquisitions, how many documents will the system post?

NO.60 What are the features of the multi-valuation ledger for parallel valuation methods in SAP S/4HANA? Note:
There are 2 correct answers to this question.

It is available only for new installations.

It utilizes separate amount columns in the same ledger.

It requires a non-leading ledger for parallel valuations.

It will NOT have any valuation view assigned to the ledger.

NO.61 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

NO.62 You notice alpha-numeric document numbers in the Universal journal that do not have a separate document header stored in the BKPF table. Which activities may lead to alpha- numeric document numbers? There are 2 correct answer to this question

Settlement of investment orders

balance carry forward

Cross company code postings

Corrections due to migrations

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To prepare for the SAP P-S4FIN-2021 certification exam, candidates can enroll in training courses offered by SAP or other certified training providers. There are also various SAP S/4HANA Finance books available that can help candidates prepare for the exam. Additionally, candidates can take practice exams to familiarize themselves with the exam format and improve their chances of passing.

The SAP P-S4FIN-2021 certification is designed for SAP ERP finance experts who want to validate their skills and knowledge in the financials area of SAP S/4HANA. This certification exam tests candidates’ ability to implement financial processes, configure financial accounting, manage financial closing activities, and perform financial reporting in SAP S/4HANA. It is a comprehensive exam that covers a wide range of topics related to financial accounting and financial reporting in SAP S/4HANA.

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