SAP P_S4FIN_2021 Online Practice Questions and Exam Preparation

SAP P_S4FIN_2021 Online Questions & Answers

• Question 1:

  You run an assessment cycle for cost centers, but no postings are made because the posting period is NOT open. Against which period interval is the check being made?

  A. First interval 3, then intervals 1and2 if interval 3 is not maintained
  B. First interval 3, then interval 2 if interval 3 is not maintained
  C. Only interval 3, no other intervals checked if interval 3 is not maintained
  D. First interval 3, then interval 1 if interval 3 is not maintained
  C. Only interval 3, no other intervals checked if interval 3 is not maintained

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  Explanation/Reference:

• Question 2:

  For which functionality is a productive material ledger a prerequisite? (Choose two.)

  A. Actual activity price determination
  B. Actual costing
  C. Parallel update of the two types of profitability analysis
  D. Parallel valuation for transfer pricing
  B. Actual costing
  D. Parallel valuation for transfer pricing

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  Explanation/Reference:

• Question 3:

  Which modules read and write line items of the universal journal (ACDOCA)? (Choose two.)

  A. Actual costing
  B. Costing-based profitability analysis
  C. Cash management
  D. Account-based profitability analysis
  C. Cash management
  D. Account-based profitability analysis

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  Explanation/Reference:

• Question 4:

  Which transactions generate a prima nota entry in the system in addition to the universal journal entry? (Choose two.)

  A. Post time sheet data to Controlling (CAT7)
  B. Assessment cycle of cost centers (KSU5)
  C. Settlement of internal order (KO88)
  D. Post FI supplier invoice (FB60)
  A. Post time sheet data to Controlling (CAT7)
  D. Post FI supplier invoice (FB60)

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  Explanation/Reference:

• Question 5:

  What can you do with SAP S/4HANA Accrual Management?

  A. Automatically calculate accruals for asset acquisitions (direct capitalization) with purchase orders.
  B. Post and analyze accruals in all currencies defined for the general ledger.
  C. Post planned accrual amounts in table ACDOCP and analyze them in reports
  D. Automatically calculate accruals for purchase orders with posted valuated goods receipt.
  B. Post and analyze accruals in all currencies defined for the general ledger.

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  Explanation/Reference:

• Question 6:

  A document can have up to 999999 line items in the universal journal (reporting or G/L view). How does this affect the entry view table?

  A. It is still limited to 999 line items but the system automatically splits the single entry into multiple documents as required.
  B. It is now a compatibility view without number restrictions
  C. It is automatically extended to 999999 line items.
  D. It is still limited to 999 line items but you can configure summarization on certain criteria.
  D. It is still limited to 999 line items but you can configure summarization on certain criteria.

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  Explanation/Reference:

• Question 7:

  At which level is the migration run for finance data performed?

  A. Company code
  B. Operating concern
  C. Controlling area
  D. Client
  D. Client

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  Explanation/Reference:

• Question 8:

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

  A. Standard journal entries
  B. Journal entries for valuation differences
  C. Line items with technical numbers / no deletion possible
  D. Line items with technical numbers / deletion possible
  C. Line items with technical numbers / no deletion possible

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  Explanation/Reference:

• Question 9:

  In your company code, you report on profit center and segment level. You post a single invoice document for office supplies that has multiple expense line items per profit center. What document splitting process does the system use to assign the correct profit centers and segments to the bank account line item when you post a payment for the invoice?

  A. Active document splitting
  B. Document splitting inheritance
  C. Document splitting default account assignment
  D. Passive document splitting
  A. Active document splitting

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  Explanation/Reference:

• Question 10:

  In what system is it required to perform all system conversion steps to identify and solve conversion errors?

  A. Development
  B. Sandbox
  C. Production
  D. Quality Assurance
  D. Quality Assurance

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  Explanation/Reference: