SAP P_S4FIN_2021 Online Practice Questions and Exam Preparation

SAP P_S4FIN_2021 Online Questions & Answers

• Question 51:

  Which values are stored in the universal journal (ACDOCA)? (Choose two.)

  A. Parallel currencies
  B. Elimination of intercompany postings
  C. Transfer prices
  D. Actual costing results
  A. Parallel currencies
  C. Transfer prices

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  Explanation/Reference:

• Question 52:

  Which reports are included with SAP S/4HANA, embedded analytics? (Choose two.)

  A. SAP Analysis for Microsoft Office reports
  B. Analytical List Page reports
  C. Multidimensional reports
  D. SAP Lumira reports
  B. Analytical List Page reports
  C. Multidimensional reports

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  Explanation/Reference:

• Question 53:

  What must you create before you can record commitments in the universal journal?

  A. Tolerance profile
  B. Statistical cost elements
  C. Document type
  D. Extension ledger
  D. Extension ledger

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  Explanation/Reference:

• Question 54:

  You start your first sandbox migration and get a lot of errors.

  How are errors handled in an SAP S/4HANA migration? (Choose two.)

  A. All errors must be corrected before SUM (Software Update Manager) starts.
  B. Critical errors must be resolved in the production system before Go Live.
  C. Errors must be clarified, and uncritical errors can be accepted.
  D. All errors related to closed years can be ignored.
  A. All errors must be corrected before SUM (Software Update Manager) starts.
  B. Critical errors must be resolved in the production system before Go Live.

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  Explanation/Reference:

• Question 55:

  Which settings are allowed for open item management for the GR/IR account? (Choose two.)

  A. Reconciliation account
  B. Ledger specific open item management
  C. Extended open item management
  D. Classic open item management
  A. Reconciliation account
  D. Classic open item management

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  Explanation/Reference:

• Question 56:

  What SAP S/4HANA deployment option will cause the least business disruption for the average SAP end user?

  A. Public cloud
  B. Central finance
  C. On premise
  D. Private cloud
  C. On premise

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  Explanation/Reference:

• Question 57:

  A fixed asset is to be posted in the new fiscal year. Which closing activity must be carried out for this?

  A. Fiscal year change program must have been executed (transaction FAA_CMP).
  B. All APC values must have been posted using report “Periodic Asset Postings".
  C. All depreciation (transaction AFAB) up to that point must be posted.
  D. Depreciation for the new year must be recalculated (transaction AFAR).
  A. Fiscal year change program must have been executed (transaction FAA_CMP).

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  Explanation/Reference:

• Question 58:

  What data for asset accounting is stored in the universal journal? (Choose two.)

  A. Actual depreciations of all depreciation areas that are set to post depreciation periodically
  B. Acquisition and production cost values of all depreciation areas that are assigned to an accounting principle
  C. Acquisition and production cost values of all depreciation areas that are defined as real depreciation areas
  D. Actual depreciations of the controlling depreciation area used for management valuations
  A. Actual depreciations of all depreciation areas that are set to post depreciation periodically
  B. Acquisition and production cost values of all depreciation areas that are assigned to an accounting principle

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  Explanation/Reference:

• Question 59:

  A customer wants to analyze a G/L account, which is presenting asset acquisition value, on an investment order. What do you maintain in the G/L account master record to achieve this? (Choose two.)

  A. Define the G/L account as an asset reconciliation account.
  B. Enter value 90 in the cost element category field.
  C. Select the Record Account Assignment indicator.
  D. Set the G/L account type to Primary Costs or Revenue.
  A. Define the G/L account as an asset reconciliation account.
  C. Select the Record Account Assignment indicator.

• Question 60:

  Which objects do you need to configure in SAP S/4HANA after a conversion from classic G/L to SAP S/4HANA? (Choose two.)

  A. Document type
  B. Currency type
  C. Accounting principle
  D. Valuation area
  C. Accounting principle
  D. Valuation area

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  Explanation/Reference: