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SAP P_S4FIN_2021 Dumps

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Total 80 questions
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SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts Questions and Answers

Question 1

You run foreign currency valuation for both local and international GAAP. This leads to different values for the two different accounting principles. How can you set this up in the system?

Options:

A.

Define two valuation methods and assign the accounting principles to the new valuation methods

B.

Define a valuation area and an accounting principle with relevant links to ledgers.

C.

Define two valuation areas and two accounting principles with relevant links to ledgers.

D.

Define a valuation area and ledger group for two ledgers to link with the new valuation area

Question 2

Before conversion to SAP S/4HANA, which activities must be completed in the SAP ERP system for Asset Accounting? Note: There are 3 correct answers to this question.

Options:

A.

Define depreciation areas for all currency types.

B.

Activate enterprise extension EA-FIN.

C.

Define a technical clearing account for integrated acquisitions

D.

Assign accounting principles to all depreciation areas

E.

Close all fiscal years except the current one.

Question 3

Which technologies help you decrease data volume in the SAP HANA database?Note: There are 2 correct answers to this question.

Options:

A.

Indexing

B.

Storing

C.

Archiving

D.

Aging

Question 4

A fixed asset is to be posted in the new fiscal year. Which closing activity must be carried out for this?

Options:

A.

Depreciation for the new year must be recalculated (transaction AFAR).

B.

All depreciation (transaction AFAB) up to that point must be posted.

C.

Fiscal year change program must have been executed (transaction FAA_CMP).

D.

All APC values must have been posted using report "Periodic Asset Postings".

Question 5

In Controlling, what is a mandatory customizing step when converting a system to SAP S/4HANA?

Options:

A.

Migrate the material ledger.

B.

Configure accounts for COGS split.

C.

Create document type for CO postings.

D.

Activate attributed profitability analysis

Question 6

How can you set up multiple valuations for transfer pricing in your SAP S/4HANA system? Note: There are 2 correct answers to this question.

Options:

A.

You can assign each valuation to a separate ledger.

B.

You can assign additional valuations to separate accounts.

C.

You can assign additional valuations to the extension ledgers.

D.

You can assign profit center, group, and legal valuations to the same ledger.

Question 7

For which functionality is a productive material ledger a prerequisite ? Note: There are 2 correct answers to this question.

Options:

A.

Parallel update of the two types of profitability analysis

B.

Actual costing

C.

Actual activity price determination

D.

Parallel valuation for transfer pricing

Question 8

Which values are stored in the universal journal (ACDOCA)?Note: There are 2 correct answers to this question.

Options:

A.

Transfer prices

B.

Actual costing results

C.

Parallel currencies

D.

Elimination of intercompany postings

Question 9

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

Options:

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 assigned to an accounting principle

D.

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

Question 10

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?

Options:

A.

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

B.

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

C.

Run "Calculate Depreciation" (transaction AFAR) forfiscal year 2022.

D.

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

Question 11

In which of the possible scenarios can you indicate that an account is also a statistical cost element?Note: There are 2 correct answers to this question.

Options:

A.

It is used as WIP account from price differences in the material account assignment

B.

It is used as balance sheet account for APC costsin fixed asset accounting.

C.

It is used as inventory account (BSX) in the material account assignment.

D.

It is used as special reserve balance account in fixed asset accounting.

Question 12

On what level can you assign a fiscal year variant to a company code?

Options:

A.

Ledger group, for standard ledger type

B.

Ledger, for any type of ledger

C.

Ledger, forstandard ledger type

D.

Ledger group, for any type of ledger

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