SAP P_S4FIN_2021 Online Practice Questions and Exam Preparation

SAP P_S4FIN_2021 Online Questions & Answers

• Question 21:

  On what level can you assign a fiscal year variant to a company code?

  A. Ledger group, for standard ledger type
  B. Ledger, for any type of ledger
  C. Ledger group, for any type of ledger
  D. Ledger, for standard ledger type
  B. Ledger, for any type of ledger

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  Explanation/Reference:

• Question 22:

  You notice alpha-numeric document numbers in the universal journal, that do not have a corresponding document header stored in the BKPF table. Which activities may lead to alpha-numeric document numbers? (Choose two.)

  A. Cross company code postings
  B. Corrections due to migration
  C. Balance carry forward
  D. Customer invoice posted via interface
  B. Corrections due to migration
  D. Customer invoice posted via interface

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  Explanation/Reference:

• Question 23:

  You want to configure an extension ledger. Which steps do you need to take? (Choose two.)

  A. Specify allowed currency types for the extension ledger.
  B. Specify the document type for the extension ledger.
  C. Select an underlying ledger for the extension ledger.
  D. Assign a fiscal year variant to the extension ledger.
  B. Specify the document type for the extension ledger.
  C. Select an underlying ledger for the extension ledger.

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  Explanation/Reference:

• Question 24:

  Your customer uses the ledger approach to multiple valuation.

  During conversion to SAP S/4HANA, which configurations will be required? (Choose two.)

  A. Define the document type for the accounting-principle-specific documents.
  B. Configure delta depreciation areas to no longer post to the general ledger.
  C. Assign accounting principles to all real and derived depreciation areas.
  D. Convert all accounts of parallel valuations to reconciliation accounts.
  C. Assign accounting principles to all real and derived depreciation areas.
  D. Convert all accounts of parallel valuations to reconciliation accounts.

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  Explanation/Reference:

• Question 25:

  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
  B. Implementation of an additional standard ledger for parallel accounting
  D. Implementation of document splitting

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  Explanation/Reference:

• Question 26:

  What restrictions apply when a new currency is introduced for productive company codes and ledgers? (Choose two.)

  A. New currency fields are NOT updated for existing data.
  B. Reconciliation for entities in asset accounting is NOT included.
  C. Calculated values are NOT added to the ACDOCA.
  D. Archived data CANNOT be enriched with the new currency.
  B. Reconciliation for entities in asset accounting is NOT included.
  D. Archived data CANNOT be enriched with the new currency.

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  Explanation/Reference:

• Question 27:

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

  A. When you run the top-down distribution in margin analysis
  B. When you settle the cost to margin analysis
  C. When you assess the costs to margin analysis using the universal allocation
  D. When you post the primary cost document to a WBS element
  D. When you post the primary cost document to a WBS element

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  Explanation/Reference:

• Question 28:

  You post a payment to a supplier invoice. In the universal journal table, you see that more line items are created than were visible in the document entry view. Which configuration may have caused the additional line items? (Choose two.)

  A. Zero balance indicator for profit center
  B. The summarization in ACDOCA
  C. An extension ledger
  D. Anon-leading ledger
  B. The summarization in ACDOCA
  C. An extension ledger

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  Explanation/Reference:

• Question 29:

  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
  A. Accounting principles
  B. Ledger groups
  C. Valuation areas (FI)

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  Explanation/Reference:

• Question 30:

  You maintain a launchpad for users who are assigned to the Z_MANACC role. What do you need to do to make an app available for the users?

  A. Assign the app directly to the Z_MANACC role and add the app to a group.
  B. Add the app to a catalog that is assigned to the Z_MANACC role.
  C. Add the app to a group that is assigned to the Z_MANACC role.
  D. Assign the app directly to the Z_MANACC role and add the app to a catalog.
  B. Add the app to a catalog that is assigned to the Z_MANACC role.

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  Explanation/Reference: