Pass Guaranteed Quiz 2023 Realistic Verified Free P-S4FIN-2021 Exam Dumps
Free SAP Certified Application Professional P-S4FIN-2021 Ultimate Study Guide (Updated 82 Questions)
SAP P-S4FIN-2021 Certification Exam is designed for financial experts who have experience working with SAP ERP Finance and are looking to upgrade their skills to work with SAP S/4HANA. Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts certification is intended for professionals who have a deep understanding of financial accounting, management accounting, and financial supply chain management processes.
Certification in SAP P_S4FIN_2021 will offer finance experts significant growth opportunities within their organization as they possess the expertise to automate tasks, streamline processes and provide more strategic insights that contribute meaningfully to faster and more informed financial decisions. Moreover, it can lead to a greater demand for their services and increased market value, making them sought after by top companies around the world.
SAP P_S4FIN_2021 certification exam is a computer-based test that consists of 80 multiple-choice questions. P-S4FIN-2021 exam duration is 180 minutes, and the passing score is 68%. The questions in the exam are designed to test the candidate's understanding of financials in SAP S/4HANA and their ability to apply this knowledge to real-world scenarios. P-S4FIN-2021 exam is available in English, Japanese, and Simplified Chinese.
NEW QUESTION # 38
You post a payment to a supplier invoice. In the universal journal table, you see that more line items are created than were visible in the document entry view. Which configuration may have caused the additional line items? Note: There are 2 correct answers to this question.
- A. The summarization in ACDOCA
- B. Zero balance indicator for profit center
- C. A non-leading ledger
- D. An extension ledger
Answer: A,D
NEW QUESTION # 39
How do you compensate for the technical clearing account NOT balancing in all accounting principles with the accounts approach for parallel valuation? Please choose the correct answer.
- A. By entering manual corrective clearing transfer postings
- B. By maintaining the offset account in the asset account determination
- C. By running the monthly depreciation posting
- D. By running the periodic acquisition and production cost posting
Answer: B
NEW QUESTION # 40
You want to post values of the incoming sales order to both account-based CO-PA and Costing based CO-PA.
What do you need to maintain?
NOTE: There are 3 correct answers to this question
- A. Setup an extension ledger with type "line items with technical numbers"
- B. Activate the indicator for incoming sales orders in the attributes view of the operating concerns
- C. Creative statistical cost elements for cost and revenues of incoming sales orders
- D. Activate the transfer of incoming sales orders
- E. Activate predictive accounting for incoming sales orders
Answer: C,D,E
NEW QUESTION # 41
You are using SAP S/4HANA with account-based profitability analysis. For which objects can you activate derivation of profitability characteristics for G/L line items, without profitability segment'?
- A. Suppliers
- B. Production orders
- C. Materials
- D. Fixed assets
Answer: B
NEW QUESTION # 42
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 and
- A. Active document splitting
- B. Default account assignment
- C. Passive document splitting
- D. Document splitting inheritance
Answer: A
NEW QUESTION # 43
What restrictions apply when a new currency is introduced for productive company codes and ledgers? Note: There are 2 correct answers to this question.
- A. Calculated values are NOT added to the ACDOCA.
- B. Reconciliation for entities in asset accounting is NOT included.
- C. Archived data CANNOT be enriched with the new currency.
- D. New currency fields are NOT updated for existing data.
Answer: B,C
NEW QUESTION # 44
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?
- A. There is no need to use such offset accounts anymore because of real-time postings
- B. The extra offset account has to be used as in the classic Asset Accounting
- C. The accounts approach must be replaced because the ledger approach is the only valid option
- D. The extra offset account is obsolete and will be replaced by the technical clearing account
Answer: D
NEW QUESTION # 45
Where can you find the automatic write-off program to close unpaid customer balances?
- A. Dispute Management
- B. Accounts Receivable
- C. Collections Management
- D. Treasury Operations
Answer: A
NEW QUESTION # 46
You want to convert your system from an account solution into a ledger solution without a prior new G/ L migration project. Which scenario can be used? NOTE: There are 2 correct answers to this question.
- A. Selective data transition
- B. Central Finance
- C. New Implementation (greenfield)
- D. System conversion (Brownfield)
Answer: B,C
NEW QUESTION # 47
Which object acts as a data source for Cash Management (Cash Flow Analyzer) in SAP S/4HANA?
- A. Payment methods
- B. Payment terms
- C. Record types
- D. Memo records
Answer: A
NEW QUESTION # 48
Which fields do you maintain when defining the source ledger for migration of balances?Note: There are 2 correct answers to this question.
- A. Year
- B. Company code
- C. Source table
- D. Period
Answer: A,B
NEW QUESTION # 49
What is posted at the same time to both account-based and costing-based profitability analysis? There are 2 correct answer to this question.
- A. Standard cost of goods sold
- B. Actual revenue
- C. Incoming sales orders
- D. Actual cost of goods sold
Answer: B,D
NEW QUESTION # 50
What is the earliest point in time that the attributed profitability segments can be derived?
- A. When you settle the cost to margin analysis
- B. When you run the top-down distribution in margin analysis
- C. When you assess the costs to margin analysis using the universal allocation
- D. When you post the primary cost document to a WBS element
Answer: D
NEW QUESTION # 51
What is the maximum number of currency types that you can report on for a Ledger?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: A
NEW QUESTION # 52
You want to create a balance sheet and profit & loss statement on segment level. Which steps do you need to take in the system? Note: There are 2 correct answers to this question.
- A. Define a clearing account.
- B. Assign a segment to all G/L accounts
- C. Define a PA transfer structure.
- D. Set the zero balance indicator.
Answer: A,D
NEW QUESTION # 53
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