[May 04, 2023] Get Unlimited Access to P_S4FIN_2021 Certification Exam Cert Guide [Q39-Q59]

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[May 04, 2023] Get Unlimited Access to P_S4FIN_2021 Certification Exam Cert Guide

Reliable Study Materials for P_S4FIN_2021 Exam Success For Sure

SAP P_S4FIN_2021 Exam Syllabus Topics:

Topic	Details
Topic 1	Describe the technical components and architecture of financials in SAP S 4HANA Outline the features of new Asset Accounting
Topic 2	Explain integration of CO with materials management and integration of CO with sales and distribution Financial Accounting Configuration in SAP S 4HANA
Topic 3	Configure and use Profitability Analysis Describe the enhancement to Ledgers with the Universal Journal
Topic 4	Prepare views and master data for conversion and the conversion of transactions System Preparation and Configuration for Conversion of Financials in SAP S 4HANA
Topic 5	Explain the new Asset Accounting posting logic configure and Use Document Splitting
Topic 6	Run pre-conversion tests, perform customer-vendor integration Basics of SAP HANA, SAP S 4HANA and SAP Fiori
Topic 7	Asset Accounting Configuration in SAP S 4HANA Describe the new master data maintenance model and explain the changes to authorizations

QUESTION 39
You want to create a balance sheet and profit & loss statement on segment level. Which steps do you need to take in the system?
There are 2 correct answers to this question

Assign a segment to all G/L accounts

Set the zero balance indicator

Define a clearing account

Define a PA transfer structure

QUESTION 40
What must always be activated after the installation of SAP S/4HANA?

Transfer prices

Credit management

Material ledger

Profit center accounting

QUESTION 41
For which functionality is a productive material ledger a prerequisite ? Note: There are 2 correct answers to this question.

Parallel update of the two types of profitability analysis

Actual costing

Actual activity price determination

Parallel valuation for transfer pricing

QUESTION 42
What happens during the migration activity Regenerate CDS Views and Field Mapping? Note: There are 2 correct answers to this question.

The customer-specific fields are included in the data migration procedure.

The redirection of SELECT statements is generated.

The OData services for SAP Fiori integration are activated.

The field mapping for the customer and vendor integration is created.

QUESTION 43
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 44
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 45
At which level is the migration run for finance data performed?

Company code

Client

Operating concern

Controlling area

QUESTION 46
On which levels can you assign semantic tags to a financial statement version in SAP Fiori?Note: There are 3 correct answers to this question.

Financial statement item

Functional area

Business area

G/L account

Segment

QUESTION 47
Which characteristics of the ACDOCP planning table distinguish it from most other SAP S/4HANA tables?
Note: There are 2 correct answers to this question

ACDOCP derives data from ACDOCA.

ACDOCP is an isolated table.

ACDOCP is a table with delta mechanism.

ACDOCP is a cluster table.

QUESTION 48
In your system. You are creating a new company code that requires as additional standard ledger. Which statements apply to a standard ledger? There are 2 correct answer to this question

It will generate additional line items in ACDOCA for non-ledger-specific postings

It is always active on the system level for all company codes

It must be assigned to underlying ledger

If asset accounting is used depreciation area must be assigned

QUESTION 49
Which reports are included with SAP S/4HANA, embedded analytics? Note: There are 2 correct answers to this question.

Analytical List Page reports

Multidimensional reports

SAP Lumira reports

SAP Analysis for Microsoft Office reports

QUESTION 50
You activate account-based CO-PA (Profitability Analysis) during migration. How is the system affected? Note: There are 3 correct answers to this question.

Cost-based CO-PA can still be used in parallel.

Characteristics will be added to the universal journal.

Value fields will be added to the universal journal.

Historical data will be enriched with characteristics by derivation

Cost component split (COGS) can be configured in financial accounting.

QUESTION 51
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 52
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 53
In what system is it important to perform all system conversion steps to identify and solve conversion errors?

Please choose the correct answer.

Sandbox

Productive

Development

Quality Assurance

QUESTION 54
Which type of extension ledger do you set up to record incoming sales orders for account-based profitability analysis?

Line items with technical numbers/ no deletion possible

Standard journal entries

Journal entries for valuation differences

Line items with technical numbers/ deletion possible

QUESTION 55
At which level does the functional migration for finance data have to be performed?

Controlling area

Company code

Client

System

QUESTION 56
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.

You can assign each valuation to a separate ledger.

You can assign additional valuations to separate accounts.

You can assign additional valuations to the extension ledgers.

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

QUESTION 57
Which of the following are key benefits of SAP S/4HANA? Note: There are 2 correct answers to this question.

Reduced throughput

Choice of database

Choice of deployment

Reduced footprint

QUESTION 58
You carry forward balances for your company code and leading ledger to the new fiscal year 2021 and year What could resolve the error?

Run “calculate depreciation” (transition AFAR) for fiscal year 2021

Post revaluation and new valuation (transition AR29N) for fiscal year 2020

Run the fiscal year change (transition FAA_CMP) to close fiscal year 2019

Post all depreciation (transaction AFAB) for the fiscal year 2020

QUESTION 59
In which cases can you use a transfer price for goods movement in parallel valuation? Note: There are 2 correct answers to this question.

Between two accounting principles

Between two company codes

Between two profit centers

Between two storage locations

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