SAP P_S4FIN_2021 Online Practice Questions and Exam Preparation

SAP P_S4FIN_2021 Online Questions & Answers

• Question 11:

  You want to create a balance sheet and profit and loss statement on segment level. Which steps do you need to take in the system? (Choose two.)

  A. Define a clearing account.
  B. Set the zero balance indicator.
  C. Assign a segment to all G/L accounts.
  D. Define a PA transfer structure.
  A. Define a clearing account.
  B. Set the zero balance indicator.

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  Explanation/Reference:

• Question 12:

  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
  A. Assign 2 or more accounting principles to the non-leading ledger

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  Explanation/Reference:

• Question 13:

  Which of the following components are obsolete and require migration activities during a standard conversion to SAP S/4HANA? (Choose three.)

  A. Costing-based CO-PA
  B. Accrual Engine
  C. Special Purpose Ledger
  D. Cash Management
  E. Classic Credit Management
  A. Costing-based CO-PA
  C. Special Purpose Ledger
  E. Classic Credit Management

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  Explanation/Reference:

• Question 14:

  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
  A. Top down distribution in margin analysis
  C. FI posting of primary costs to production order

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  Explanation/Reference:

• Question 15:

  Which fields do you maintain when defining the source ledger for migration of balances? (Choose two.)

  A. Period
  B. Source table
  C. Company code
  D. Year
  C. Company code
  D. Year

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  Explanation/Reference:

• Question 16:

  Before conversion to SAP S/4HANA, which activities must be completed in the SAP ERP system for Asset Accounting? (Choose three.)

  A. Define depreciation areas for all currency types.
  B. Define a technical clearing account for integrated acquisitions.
  C. Assign accounting principles to all depreciation areas.
  D. Activate enterprise extension EA-FIN.
  E. Close all fiscal years except the current one.
  A. Define depreciation areas for all currency types.
  D. Activate enterprise extension EA-FIN.
  E. Close all fiscal years except the current one.

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  Explanation/Reference:

• Question 17:

  In your system, you are creating a new company code that requires an additional standard ledger. Which statements apply to a standard ledger?

  A. It must be assigned to an underlying ledger.
  B. It will generate additional line items in ACDOCA for non-ledger-specific postings.
  C. It is always active on the system level for all company codes.
  D. If asset accounting is used, a depreciation area must be assigned.
  B. It will generate additional line items in ACDOCA for non-ledger-specific postings.
  D. If asset accounting is used, a depreciation area must be assigned.

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  Explanation/Reference:

• Question 18:

  What do you assign to a depreciation area in SAP S/4HANA asset accounting? (Choose two.)

  A. A ledger account determination key
  B. An accounting principle
  C. A chart of depreciation
  D. An alternative depreciation area
  B. An accounting principle
  D. An alternative depreciation area

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  Explanation/Reference:

• Question 19:

  What are the consequences in an SAP ERP system when activating the business function EA-FIN to support conversion to SAP S/4HANA?

  A. Parallel ledgers are available.
  B. New asset accounting is activated.
  C. New depreciation engine is used.
  D. Period posting (ASKB) became obsolete.
  B. New asset accounting is activated.

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  Explanation/Reference:

• Question 20:

  You want to post values of the incoming sales orders to both account-based CO-PA and costing-based CO-PA. What do you need to do? (Choose two.)

  A. Activate "Predictive Accounting" for sales processes at controlling area level
  B. Define the prediction ledger for your operating concern
  C. Set up an extension ledger with type "Line items with technical numbers"
  D. Activate "Predictive Accounting" for billing document item categories
  A. Activate "Predictive Accounting" for sales processes at controlling area level
  D. Activate "Predictive Accounting" for billing document item categories

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  Explanation/Reference: