SAP P_S4FIN_2021 Online Practice Questions and Exam Preparation

SAP P_S4FIN_2021 Online Questions & Answers

• Question 31:

  Your customer has created a custom ABAP report in an SAP ERP system based on totals table GLT0. How is this totals table treated in SAP S/4HANA to safeguard custom ABAP reporting programs?

  A. The table GLT0 has been removed but its content has been added to table ACDOCA thanks to a compatibility view.
  B. The table GLT0 has been removed and replaced by a compatibility view.
  C. The table GLT0 has been kept but a compatibility view has been generated to read its content.
  D. The table GLT0 has been archived but its content has been added to table ACDOCA thanks to a compatibility view.
  B. The table GLT0 has been removed and replaced by a compatibility view.

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  Explanation/Reference:

• Question 32:

  Which of the following is a prerequisite to activate takeover values between depreciation areas?

  A. Takeover values are no longer supported in SAP S/4HANA.
  B. Takeover values are possible across all depreciation areas.
  C. Only one depreciation area per chart of depreciation is assigned 00.
  D. Depreciation areas must be assigned to the same accounting principles.
  B. Takeover values are possible across all depreciation areas.

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  Explanation/Reference:

• Question 33:

  What is the maximum number of currency types that you can report on for a ledger?

  A. 3
  B. 8
  C. 10
  D. 12
  C. 10

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  Explanation/Reference:

• Question 34:

  How can you set up multiple valuations for transfer pricing in your SAP S/4HANA system? (Choose two.)

  A. You can assign additional valuations to the extension ledgers.
  B. You can assign additional valuations to separate accounts.
  C. You can assign each valuation to a separate ledger.
  D. You can assign profit center, group, and legal valuations to the same ledger.
  C. You can assign each valuation to a separate ledger.
  D. You can assign profit center, group, and legal valuations to the same ledger.

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  Explanation/Reference:

• Question 35:

  Which data is converted during an SAP S/4HANA standard conversion?

  A. Only company codes and years selected in the customizing for migration
  B. Only company codes selected in the customizing for migration for all the years
  C. All company codes with all data of all years
  D. All company codes for the years you specify
  C. All company codes with all data of all years

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  Explanation/Reference:

• Question 36:

  On which levels can you assign semantic tags to a financial statement version in SAP Fiori? (Choose three.)

  A. Business area
  B. Financial statement item
  C. Segment
  D. G/L account
  E. Functional area
  B. Financial statement item
  D. G/L account
  E. Functional area

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  Explanation/Reference:

• Question 37:

  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
  C. Manual planning of statistical key figures

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  Explanation/Reference:

• Question 38:

  What setting must be identical between the company code and controlling area?

  A. The number of posting and special periods
  B. The fiscal year variant key
  C. The valuation variant key
  D. The posting period variant key
  B. The fiscal year variant key

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  Explanation/Reference:

• Question 39:

  You are converting your system to SAP S/4HANA.

  Which functionality became obsolete in S/4HANA in Asset Accounting and needs to be migrated before conversion?

  A. Depreciation areas for parallel currencies
  B. Non-posting depreciation areas
  C. Year-end closing
  D. Insurance values in the asset master records
  D. Insurance values in the asset master records

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  Explanation/Reference:

• Question 40:

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

  A. Configure accounts for COGS split.
  B. Create document type for CO postings.
  C. Activate attributed profitability analysis.
  D. Migrate the material ledger.
  C. Activate attributed profitability analysis.

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  Explanation/Reference: