[Q23-Q45] Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts Practice Tests 2023 Pass P-S4FIN-2021 with confidence!

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Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts Practice Tests 2023 | Pass P-S4FIN-2021 with confidence!

Practice SAP Certified Application Professional P-S4FIN-2021 exam. Online Exam Practice Tests with detailed explanations!

SAP P_S4FIN_2021 certification exam covers a wide range of topics, including financial accounting basics, financial closing, accounts payable and receivable, asset accounting, cost center accounting, profit center accounting, internal orders, product costing, profitability analysis, and financial planning. P-S4FIN-2021 exam also covers advanced topics such as parallel accounting, foreign currency valuation, and intercompany postings.

SAP P_S4FIN_2021 (Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts) Exam is a certification exam designed for professionals who are experienced in SAP ERP Finance and want to become experts in SAP S/4HANA. Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts certification will validate the candidate’s knowledge and skills in using the SAP S/4HANA Financials module to manage financial transactions, perform accounting activities, and generate financial reports.

QUESTION 23
What cost center planning procress can write data directly to plan item table ACDOCP?

Internal activity price calculation

Formula planning with templates

Manual planning of statistical key figures

Manual planning of cost with workbook

QUESTION 24
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 25
A business user entered the wrong password too many times and is locked out of the SAP Fiori launchpad.
Where must the administrator unlock this user?

SAP Fiori launchpad designer

SAP S/4HANA back end

Front-end SAP Gateway server

SAP Smart Business

QUESTION 26
In Controlling, what is a mandatory customizing step when converting a system to SAP S/4HANA?

Migrate the material ledger.

Configure accounts for COGS split.

Create document type for CO postings.

Activate attributed profitability analysis

QUESTION 27
You want to configure an extension ledger. Which steps do you need to take? 2 correct answers

Select an underlying ledger for the Extension Ledger

Assign a Fiscal Year variant to the Extension Ledger

Specify the document types for the Extension Ledger

Specify currency types for the Extension Ledger

QUESTION 28
You post a payment to a supplier invoice. In the universal journal table, you see more line items are created than were visible in the document entry view. Which configuration may have caused the additional line items? There are 2 correct answer to this question.

An additional accounting principle

An extension ledger

A non-leading ledger

Zero balance Indicator for profit center

QUESTION 29
Your customer uses the ledger approach to multiple valuation. During conversion to SAP S/4HANA, which configurations will be required? Note: There are 2 correct answers to this question.

Convert all accounts of parallel valuations to reconciliation accounts

Assign accounting principles to all real and derived depreciation areas.

Define the document type for the accounting-principle-specific documents.

Configure delta depreciation areas to no longer post to the general ledger

QUESTION 30
Which values are stored in the universal journal (ACDOCA)? There are 2 correct answer to this question.

Parallel currencies

Actual costing results

Transfer Prices

Plan data

QUESTION 31
What is the earliest point in time that the attributed profitability segments can be derived?

When you settle the cost to margin analysis

When you run the top-down distribution in margin analysis

When you assess the costs to margin analysis using the universal allocation

When you post the primary cost document to a WBS element

QUESTION 32
Which object acts as a data source for cash management (cash flow analyser) in SAP S/4HANA?

Statistical key figure

Bank fees

Memo Records

Value fields

QUESTION 33
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?

Post revaluation and new valuation (transaction AR29N) forfiscal year 2021.

Run the fiscal year change (transaction FAA_CMP) to close fiscal year 2020.

Run “Calculate Depreciation” (transaction AFAR) forfiscal year 2022.

Post all depreciation (transaction AFAB) for the fiscal year 2021

QUESTION 34
Which step is automatically performed in Asset Accounting when you perform the year-end balance carryforward?

The depreciation for the new year is calculated and maintained per asset in table FAAT_PLAN U VALUES

The plan/actual variance is calculated for the annual capital expense reporting on statistical cost LJ elements (type 90).

The year-end closing (program RAJABS00) is executed and the previous fiscal year is closed.

The depreciation run (program FAA_DEPRECIATION_POST) for period 12 of the fiscal year i s triggered.

QUESTION 35
What function is delivered with business function EA-FIN to support SAP S/4HANA?

Parallel depreciation areas

Parallel ledgers

Special valuations

New Depreciation Engine

QUESTION 36
What is posted at the same time to both account-based and costing-based profitability analysis? There are 2 correct answer to this question.

Actual revenue

Incoming sales orders

Standard cost of goods sold

Actual cost of goods sold

QUESTION 37
Which modules read and write line items of the universal journal (ACDOCA)? There are 2 correct answers to this question

Account based Profitability-Analysis

Actual costing

Costing-based profitability analysis

Cash Management

QUESTION 38
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 39
Which values can be posted to a specific ledger? There are 3 correct answer to this question.

Depreciation

Taxes

Payments

Accruals

Currency valuation

QUESTION 40
What is posted at the same time to both account-based and costing-based profitability analysis? There are 2 correct answer to this question

Actual revenue

Standard cost of goods sold

Incoming sales orders

Actual cost component splits of goods sold

QUESTION 41
Which checks can you run directly in an SAP ECC system to support the planning of a standard SAP S/4HANA conversion project? Note: There are 3 correct answers to this question.

Custom Code Check

Global Performance Analysis

Authority Check

SAP Readiness Check

Simplification Item-Check

QUESTION 42
Which of the following are phases in SAP Activate? Note: There are 3 correct answers to this question.

Test

Realize

Blueprint

Deploy

Explore

QUESTION 43
What do you configure to automatically create a vendor when you create a business partner?Note: There are 2 correct answers to this question.

The partner functions for vendors

Business partner relationships

The customer/vendor integration interface

The business partner grouping key

QUESTION 44
Cost of goods sold (COGS) split functionality is available in account-based CO-PA.
Which settings are necessary? Note: There are 2 correct answers to this question.

Operating concern currency must be determined.

Characteristic values and characteristic groups must be maintained

The corresponding cost elements must exist in the chart of accounts.

Cost elements must be mapped to cost components

QUESTION 45
Which reports are included with SAP S/4HANA, embedded analytics? There are 2 correct answer to this question

SAP Analysis for Microsoft Office reports

Analytical list page reports

Multidimensional reports

SAP Lumira reports

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[Q23-Q45] Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts Practice Tests 2023 Pass P-S4FIN-2021 with confidence!

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