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  4. P_S4FIN_2021 - SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021)

SAP P_S4FIN_2021 SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021) Exam Practice Test

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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 (SAP S/4HANA 2021) Questions and Answers

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Question 1

You want to configure an extension ledger. Which steps do you need to take? Note: There are 2 correct answers to this question.

Options:

A.

Select an underlying ledger for the extension ledger.

B.

Specify allowed currency types for the extension ledger

C.

Specify the document type for the extension ledger.

D.

Assign a fiscal year variant to the extension ledger

Question 2

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

Options:

A.

SKB1

B.

CSKA

C.

SKA1

D.

CSKB

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

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 5

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

Options:

A.

Central finance

B.

On premise

C.

Private cloud

D.

Public cloud

Question 6

You want to sell products from stock. What do you need to maintain before you can analyze the cost of goods sold (COGS) subdivided by cost components in account-based CO-PA? Note: There are 2 correct answers to this question

Options:

A.

A cost splitting profile in general ledger accounting

B.

A settlement profile to control the settlement of cost portions

C.

A collection of primary cost elements to receive the cost portions

D.

An extension ledger with type "Line items with technical numbers"

Question 7

What are some features of actual costing in SAP S/4HANA?Note: There are 2 correct answers to this question

Options:

A.

Selection of activity prices of other CO-versions in the standard run

B.

Simplified data structure with new table structure

C.

Reduced number of steps in the calculation cockpit

D.

Combined run for both standard and alternative valuations

Question 8

What do you configure to automatically create a vendor when you create a business partner?Note: There are 2 correct answers to this question.

Options:

A.

The partner functions for vendors

B.

Business partner relationships

C.

The customer/vendor integration interface

D.

The business partner grouping key

Question 9

In which cases can you use a transfer price for goods movement in parallel valuation? Note: There are 2 correct answers to this question.

Options:

A.

Between two accounting principles

B.

Between two company codes

C.

Between two profit centers

D.

Between two storage locations

Question 10

Which settings are allowed for open item management for the GR/IR account? Note: There are 2 correct answers to this question.

Options:

A.

Reconciliation account

B.

Classic open item management

C.

Extended open item management

D.

Ledger specific open item management

Question 11

Your customer wants to maintain the current customer and supplier account numbers even after migrating to business partners. The customer also wants to ensure the account numbers continue to be aligned after the conversion .What settings must be made to ensure this? Note: There are 2 correct answers to this question

Options:

A.

Use internal number ranges in the customer and supplier account groups after the conversion

B.

Use internal number ranges in the BP groupings after the conversion

C.

Use external number ranges in the customer and supplier account groups for the conversion.

D.

Use external number ranges in the BP groupings for the conversion.

Question 12

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

Options:

A.

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

B.

It is automatically extended to 999999 line items.

C.

It is now a compatibility view without number restrictions.

D.

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

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