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SAP P_S4FIN_2021 Online Practice Questions and Exam Preparation

P_S4FIN_2021 Exam Details

  • Exam Code
    :P_S4FIN_2021
  • Exam Name
    :SAP Certified Professional - Financials in SAP S/4HANA 2021 for SAP ERP Finance Experts
  • Certification
    :SAP Certifications
  • Vendor
    :SAP
  • Total Questions
    :79 Q&As
  • Last Updated
    :Jan 14, 2026

SAP P_S4FIN_2021 Online Questions & Answers

  • Question 1:

    In a first step, you create an account with account type "secondary cost element" and cost element category “42" in controlling area A000 and company code 1010. In a second step, you change this account to cost element category "43" in company code 1750, which is assigned to the same controlling area.

    What is the effect in the system when you save this account?

    A. The system brings up an error message and rejects the change.
    B. The cost element category in the account is changed for both company codes.
    C. The cost element category in the account is changed back to "42" for company code 1750.
    D. The cost element category is different in the two company codes.

  • Question 2:

    Which processes create an artificial controlling document (document number starting with A)? (Choose two.)

    A. Top down distribution in margin analysis
    B. Stock material consumption on project
    C. FI posting of primary costs to production order
    D. Internal activity allocation to sales order

  • Question 3:

    What is an advantage of selecting the public cloud edition of SAP S/4HANA instead of an on-premise SAP S/4HANA solution?

    A. Faster innovation cycles
    B. Full configuration scope
    C. Conversion path from an existing system
    D. Integration to the Business Technology Platform

  • Question 4:

    Your customer wants to convert their SAP ERP New G/L ledger solution to SAP S/4HANA.

    Which system configuration options are available for the customer after the conversion project is finalized? (Choose two.)

    A. Implementation of real-time integration of controlling to financial accounting
    B. Implementation of an additional standard ledger for parallel accounting
    C. Implementation of chart of accounts conversion
    D. Implementation of document splitting

  • 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. Post revaluation and new valuation (transaction AR29N) for fiscal year 2021.
    C. Run the fiscal year change (transaction FAA_CMP) to close fiscal year 2020.
    D. Run “Calculate Depreciation” (transaction AFAR) for fiscal year 2022.

  • Question 6:

    What cost center planning process can write data directly to plan item table ACDOCP?

    A. Internal activity price calculation
    B. Planning in SAP Analytics Cloud
    C. Manual planning of statistical key figures
    D. Formula planning with templates

  • Question 7:

    You are performing a system conversion for a customer that uses classic G/L with the accounts approach.

    What must you configure in SAP S/4HANA for local and international accounting standards in order to migrate the account values in an S/4HANA standard conversion project? (Choose three.)

    A. Accounting principles
    B. Ledger groups
    C. Valuation areas (FI)
    D. Standard ledgers
    E. Document types

  • Question 8:

    What system configuration in your customer's current SAP ERP system will have a major effect on the duration and complexity of a system conversion to SAP S/4HANA?

    A. The customer does NOT use business partners to manage customers and suppliers.
    B. The customer uses the accounts approach for parallel accounting.
    C. The system uses classic asset accounting to manage fixed assets.
    D. The system does NOT use material ledger for actual costing.

  • Question 9:

    Your customer currently uses classic G/L and asks what new functionalities can be implemented during an SAP standard conversion to SAP S/4HANA. What functionality can you activate?

    A. Document splitting
    B. Additional parallel currency
    C. Additional standard ledger
    D. Margin analysis

  • Question 10:

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

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

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