SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts - P_S4FIN_2021 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

In your SAP S/4HANA system, you use the accounts approach for parallel valuation and report financial values for three separate accounting principles. You post an acquisition for an asset that is capitalized in a single accounting principle. If you use the application for posting integrated asset acquisitions, how many documents will the system post?

A. 3 B. 2 C. 1 D. 4

Discussion 0

Correct Answer: C Vote an answer

Question 2

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

A. On premise B. Central finance C. Private cloud D. Public cloud

Discussion 0

Correct Answer: B Vote an answer

Question 3

In the standard delivery system, what isthe maximum number of components you can use for the primary cost component split of activities and the cost component split of cost of goods sold?

A. 100 B. 160 C. 120 D. 40

Discussion 0

Correct Answer: C Vote an answer

Question 4

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.

A. It is used as WIP account from price differences in the material account assignment B. It is used as inventory account (BSX) in the material account assignment. C. It is used as special reserve balance account in fixed asset accounting. D. It is used as balance sheet account for APC costsin fixed asset accounting.

Discussion 0

Correct Answer: A,D Vote an answer

Question 5

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?

A. Post all depreciation (transaction AFAB) for the fiscal year 2021 B. Run "Calculate Depreciation" (transaction AFAR) forfiscal year 2022. C. Run the fiscal year change (transaction FAA_CMP) to close fiscal year 2020. D. Post revaluation and new valuation (transaction AR29N) forfiscal year 2021.

Discussion 0

Correct Answer: C Vote an answer

Question 6

What does the Parallel Accounting Using G/L Accounts indicator in ledger configuration allow you to do?

A. Assign 2 or more ledgers to 1 accounting principle B. Assign 2 or more accounting principles to the non-leading ledger C. Assign 2 or more accounting principles to the leading ledger D. Assign 2 or more accounting principles to 1 valuation area

Discussion 0

Correct Answer: C Vote an answer

Question 7

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

A. A settlement profile to control the settlement of cost portions B. A collection of primary cost elements to receive the cost portions C. An extension ledger with type "Line items with technical numbers" D. A cost splitting profile in general ledger accounting

Discussion 0

Correct Answer: B,D Vote an answer

Question 8

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. SAP Standard Conversion B. Selective Data Transition C. Chart of Accounts Conversion D. New implementation

Discussion 0

Correct Answer: A,C Vote an answer

Question 9

You post an asset acquisition with a purchase order. How is the asset acquisition value posted?

A. Valuated acquisition is posted at invoice receipt. B. Non-valuated acquisition is posted at goods receipt- C. Valuated acquisition is posted at settlement D. Non-valuated acquisition is posted at invoice receipt.

Discussion 0

Correct Answer: D Vote an answer