[Dec-2022 Newly Released] P-S4FIN-2021 Exam Questions For You To Pass [Q20-Q44]

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[Dec-2022 Newly Released] P-S4FIN-2021 Exam Questions For You To Pass

SAP P-S4FIN-2021 Exam: Basic Questions With Answers

QUESTION 20
Which objects do you migrate from SAP ERP to SAP S/4HANA? Note: There are 3 correct answers to this question.

House banks for new Bank Account Management.

Accounting documents of financial accounting and controlling

Data of costing-based profitability analysis

Balances of accounts, customers, and vendors.

Master data such as assets and profit centers.

QUESTION 21
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

QUESTION 22
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

QUESTION 23
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.

QUESTION 24
How many digits for the amount field on the financial document line item level are supported in the universal journal?

QUESTION 25
Your customer has created a custom ABAP report in an SAP ERP system based on totals table GLTO. How is this totals table treated in SAP S/4HANA to safeguard custom ABAP reporting programs?

The entries of the table are converted into column store

The content of the table is deleted and compatibility view is generated

The balances of the table are posted as additional line items in the universal journal.

The table is treated as a transient provider using BW query functionality

QUESTION 26
You perform an SAP S/4HANA migration. Some of the company codes were NOT used for years and the data posted to these company codes is no longer legally equied. How do you handle these company codes?

Migrate all company codes of the client.

Archive all data from unused company codes.

Migrate all company codes you selected in customizing.

Migrate all company codes flagged as productive.

QUESTION 27
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.

QUESTION 28
Which reports are included with SAP S/4HANA, embedded analytics? There are 2 correct answer to this question

SAP Analysis for Microsoft Office reports

Analytical list page reports

Multidimensional reports

SAP Lumira reports

QUESTION 29
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

QUESTION 30
What can you do in the extension ledgers configuration? Please choose the correct answer.

You can assign a freely defined currency to an extension ledger.

You can manually create a new ledger group that contains an extension ledger.

You can create an extension ledger for which the underlying ledger is an extension ledger.

You can link an accounting principle to a ledger group that contains an extension ledger.

QUESTION 31
On which levels can you assign different technical clearing accounts for integrated acquisition in asset accounting. NOTE: There are 2 correct answers to this question

Chart of accounts

Transaction code

Account determination

Company code

QUESTION 32
You run an assessment cycle, but no postings are made because the posting period is NOT open. Which period intervals do you need to maintain so that the results of the assessment can be posted without allowing other FI postings?

Only interval 3

Only interval 2

Intervals 1 and 3

Intervals 1 and 2

QUESTION 33
What are the key components of the Intelligent Enterprise by SAP? There are 3 correct answer to this question.

Intelligent technologies

Seamless integration

Intelligent suite

Digital platform

Hybrid Cloud

QUESTION 34
What is required to enable the payment approval process in cash operations? There are 3 correct answers to this question.

Create rule to require signature

Create scenario without approval

Define a grouping method for the rule you defined

Create a rule for approvals

Define signature methods for approvals

QUESTION 35
You use document splitting and post an incoming invoice via a cost center to segment A.
You then use the Manual Reposting 01 Costa (KB11N) transaction to Repost the expense to segment B.
What happens to the segment assigned to the supplier line item in the original invoice posting?

The open item is assigned to segment B when the invoice is paid.

The open item is assigned to segment B through reclassification at month end.

The open item is assigned to segment B automatically with the CO reposting.

The open item remains on segment A.

QUESTION 36
Which modules read and write line items of the universal journal (ACDOCA)? There are 2 correct answers to this question

Account based Profitability-Analysis

Actual costing

Costing-based profitability analysis

Cash Management

QUESTION 37
The classic Asset Accounting posts acquisitions and retirements for a second accounting principle to an extra offset account in the account approach. How is this handled in new Asset Accounting using an accounts approach in SAP S/4HANA?

There is no need to use such offset accounts anymore because of real-time postings

The extra offset account has to be used as in the classic Asset Accounting

The accounts approach must be replaced because the ledger approach is the only valid option

The extra offset account is obsolete and will be replaced by the technical clearing account

QUESTION 38
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

QUESTION 39
What processes do you perform as part of liquidity management? Note: There are 3 correct answers to this question.

Review credit standing

Forecast balances

Post credit memos

Monitor cash flow

Perform planning

QUESTION 40
For which functionality is a productive material ledger a prerequisite?

Parallel currencies in the universal journal

Actual activity price determination

Parallel valuation for transfer pricing

Actual costing

QUESTION 41
Which data can be transferred to both account-based CO-PA and costing-based CO-PA? There are 2 correct answers to this question.

Commitments

Variances to work in process values

Statistical sales conditions

Split of cost of goods sold according to the cost component split

QUESTION 42
What credit management organizational element is required for calculating the credit limit, and enables you to carry out detailed checks at business.

Credit segment

Credit control area

Sales area

Company code

QUESTION 43
What do you manage within cash operations of SAP Cash Management? Note: There are 2 correct answers to this question.

Bank risk analysis and risk mitigation

Credit limits for customer accounts

Daily cash position, deficits, and surpluses

Hedging and hedging contracts

QUESTION 44
The following ledgers are assigned to your company code in financial accounting. Standard ledgers A and B Extension ledger C with Standard ledger A as. Which ledgers are listed in the universal journal entry line items after you enter an incoming ivocie?

Standard ledger A
Standard ledger B

Extension ledger C
Standard ledger B

Standard ledger B

Extension ledger C
Standard ledger A

Standard ledger A
Extension ledger C

New 2022 Realistic Free SAP P-S4FIN-2021 Exam Dump Questions and Answer: https://www.dumpleader.com/P-S4FIN-2021_exam.html

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