SAP P_S4FIN_2021 Online Practice Questions and Exam Preparation

SAP P_S4FIN_2021 Online Questions & Answers

• Question 41:

  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.
  B. The cost element category in the account is changed for both company codes.

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  Explanation/Reference:

• Question 42:

  In the standard delivery system, what is the maximum number of components you can use for the primary cost component split of activities and the cost component split of cost of goods sold?

  A. 40
  B. 100
  C. 120
  D. 160
  C. 120

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  Explanation/Reference:

• Question 43:

  You create a G/L account and set the cost element category to 42 (assessment). In what table is the cost element category updated?

  A. CSKA
  B. SKB1
  C. SKA1
  D. CSKB
  D. CSKB

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  Explanation/Reference:

• Question 44:

  Which checks can you run directly in an SAP ECC system to support the planning of a standard SAP S/4HANA conversion project? (Choose three.)

  A. SAP Readiness Check
  B. Simplification Item-Check
  C. Global Performance Analysis
  D. Custom Code Check
  E. Authority Check
  A. SAP Readiness Check
  B. Simplification Item-Check
  D. Custom Code Check

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  Explanation/Reference:

• Question 45:

  Your customer has an SAP ERP system with classic G/L accounting and wants to convert directly to SAP S/4HANA as soon as possible during the current fiscal year standard conversion. Which limitations apply in SAP S/4HANA? (Choose three.)

  A. You must continue to use Special Purpose Ledger for preparation for consolidation.
  B. You must use the accounts approach to parallel valuation.
  C. You must define valuation areas for foreign currency valuation.
  D. You cannot configure and activate document splitting during conversion.
  E. You must configure profit center and segment accounting.
  A. You must continue to use Special Purpose Ledger for preparation for consolidation.
  D. You cannot configure and activate document splitting during conversion.
  E. You must configure profit center and segment accounting.

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  Explanation/Reference:

• Question 46:

  You run foreign currency valuation for both local and international GAAP. This leads to different values for the two different accounting principles. How can you set this up in the system?

  A. Define a valuation area and an accounting principle with relevant links to ledgers.
  B. Define two valuation methods and assign the accounting principles to the new valuation methods.
  C. Define two valuation areas and two accounting principles with relevant links to ledgers.
  D. Define a valuation area and ledger group for two ledgers to link with the new valuation area.
  C. Define two valuation areas and two accounting principles with relevant links to ledgers.

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  Explanation/Reference:

• Question 47:

  Which object acts as a data source for Cash Management (Cash Flow Analyzer) in SAP S/4HANA?

  A. Payment terms
  B. Payment methods
  C. Memo records
  D. Record types
  B. Payment methods

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  Explanation/Reference:

• Question 48:

  In which cases can you use a transfer price for goods movement in parallel valuation? (Choose two.)

  A. Between two storage locations
  B. Between two accounting principles
  C. Between two profit centers
  D. Between two company codes
  C. Between two profit centers
  D. Between two company codes

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  Explanation/Reference:

• Question 49:

  Which ledger-specific configuration can you maintain at company code level? (Choose two.)

  A. The posting period variant for the extension ledger
  B. The fiscal year variant for the standard ledger
  C. The financial statement version for both types of ledgers
  D. The valuation view for the extension ledger
  A. The posting period variant for the extension ledger
  B. The fiscal year variant for the standard ledger

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  Explanation/Reference:

• Question 50:

  What is posted at the same time to both account-based and costing-based profitability analysis? (Choose two.)

  A. Incoming sales orders
  B. CO-PA valuated insurance costs
  C. Actual revenue
  D. Standard cost of goods sold
  A. Incoming sales orders
  C. Actual revenue

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  Explanation/Reference: