SAP P_S4FIN_2021 Exam - Free questions
Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021)
P_S4FIN_2021 Free Questions:
Below you can find Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021) exam free sample questions which will help you to prepare for your upcoming SAP certification exam. These questions will give you an idea of what to expect on the exam and help you review the P_S4FIN_2021 study material provided in SAP Learning hub. However we recommend that you enrol in premium SAP P_S4FIN_2021 questions which will guarantee you to pass your exam.
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Question No. 1) What restriction apply when a new currency is introduced for productive company codes and ledgers? (2 correct)
A) Reconciliation for entities in asset accounting is not included
B) New currency fields are NOT updated for existing data
C) Calculated values are NOT added to the ACDOCA
D) Archived data cannot be enriched with the new currency
Question No. 2) Your customer upgraded a system to SAP S/4HANA for test reasons. During testing, you receive feedback from the business department that while opening and closing posting periods, the systems asks for a customizing request. What is the reason? Please choose the correct answer.
A) The client role is set to test in the client maintenance.
B) This is a new feature in SAP S/4HANA as proof of change.
C) The migration is NOT set to complete.
D) The authorization to save the posting periods is missing
Question No. 3) Which of the following is a prerequisite to activating takeover values between depreciation areas?
A) Takeover values are possible across all depreciation areas
B) Depreciation areas must be assigned to the same accounting principles
C) Only the depreciation area for book depreciation is assigned 00
D) Only one depreciation area per chart of depreciation is assigned 00
Question No. 4) In your company code, you report on profit centre and segment level. You post a single invoice. What document splitting process does the system use to assign the correct profit centres
A) Document splitting inheritance
B) Default account assignment
C) Active document splitting
D) Passive document splitting
Question No. 5) What are some features of actual costing in SAP S/4 HANA? (2 correct)
A) Simplified data structure with new table structure
B) Possibility of post-closing in the alternative valuation run (AVR)
C) Selection of activity prices of other CO-versions in the standard run
D) Reduced number of steps in the calculation cockpit
Question No. 6) What cost center planning process can write data directly to plan item table ACDOCP?
A) Internal activity price calculation
B) Formula planning with templates
C) Manual planning of statistical key figures
D) Manual planning of cost with workbook
Question No. 7) 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 2 alpha-numeric document numbers? (2 correct)
A) Settlement of investment orders
B) balance carry forward
C) Cross company code postings
D) Corrections due to migrations
Question No. 8) You your first sandbox migration and get a lot of errors. How are errors in an SAP S/4HANA migration handled? (2 correct)
A) All errors related to the close years can be ignored
B) Errors must be clarified and uncritical errors must be ignored
C) All errors must be corrected during migration to complete it
D) Critical errors must be resolver in the production system before Go-live
Question No. 9) Your customer uses the ledger approach to multiple valuation. During conversion to SAP S/4HANA, which configurations will be required? (2 correct)
A) Convert accounts of parallel valuations to asset reconciliation accounts
B) Define the document type for the accounting-principle-specific-documents
C) Assign accounting principle to all real and derived depreciation areas
D) Configure delta depreciation areas to no longer post to the General ledger
Question No. 10) What are planning level and planning group used for in SAP Cash Management? (2 correct)
A) Planning level and planning group are used in the configuration of the grouping structure, which enables you to group bank and subledger accounts together in the cash position or the liquidity forecast.
B) Planning level is used in the company code data of the business partner to control accounts receivable and accounts payable in SAP Cash Management. - Planning group is used in the G/L account data to enable the liquidity forecast. - Planning group is used to group customers and vendors to enable accurate forecast.
C) Planning level is used to control displays in SAP Cash Management and to differentiate between noted item, purchase order, bank account, etc. - Planning level is used to differentiate between strategic, business, and operational plan.
D) Planning group is used to group assets by order of liquidity: petty cash, bank, AR/AP, investments, etc.
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