SAP P_S4FIN_2021 Online Practice Questions and Exam Preparation

SAP P_S4FIN_2021 Online Questions & Answers

• Question 61:

  How many digits for the amount field on the financial document line item level are supported in the universal journal?

  A. 13
  B. 17
  C. 21
  D. 23
  D. 23

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• Question 62:

  What system configuration in your customer's current SAP ERP system will have a major effect on the duration and complexity of a system conversion to SAP S/4HANA?

  A. The customer does NOT use business partners to manage customers and suppliers.
  B. The customer uses the accounts approach for parallel accounting.
  C. The system uses classic asset accounting to manage fixed assets.
  D. The system does NOT use material ledger for actual costing.
  C. The system uses classic asset accounting to manage fixed assets.

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• Question 63:

  In your system you have multiple standard ledgers.

  Which values can be posted to a single ledger? (Choose three.)

  A. Taxes
  B. Payments
  C. Depreciation
  D. Accruals
  E. Currency valuation
  C. Depreciation
  D. Accruals
  E. Currency valuation

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• Question 64:

  You want to sell products from stock.

  What do you need to maintain before you can analyze the cost of goods sold (COGS) subdivided by cost components in account-based CO-PA? (Choose two.)

  A. A collection of primary cost elements to receive the cost portions
  B. A cost splitting profile in general ledger accounting
  C. An extension ledger with type "Line items with technical numbers”
  D. A settlement profile to control the settlement of cost portions
  A. A collection of primary cost elements to receive the cost portions
  B. A cost splitting profile in general ledger accounting

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• Question 65:

  In which of the possible scenarios can you indicate that an account is also a statistical cost element? (Choose two.)

  A. It is used as inventory account (BSX) in the material account assignment.
  B. It is used as special reserve balance account in fixed asset accounting.
  C. It is used as balance sheet account for APC costs in fixed asset accounting.
  D. It is used as WIP account from price differences in the material account assignment.
  C. It is used as balance sheet account for APC costs in fixed asset accounting.
  D. It is used as WIP account from price differences in the material account assignment.

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• Question 66:

  What is an advantage of selecting the public cloud edition of SAP S/4HANA instead of an on-premise SAP S/4HANA solution?

  A. Faster innovation cycles
  B. Full configuration scope
  C. Conversion path from an existing system
  D. Integration to the Business Technology Platform
  A. Faster innovation cycles

• Question 67:

  You are converting your system to SAP S/4HANA. In your system, you have:

  Three company codes assigned to a single controlling area. Controlling area is assigned to fiscal year variant K4. Two company codes assigned to fiscal year variant K2. One company code assigned to variant K3.

  During conversion to SAP S/4HANA, what do you need to change?

  A. Change all company codes to fiscal year variant K4.
  B. Create a new fiscal year variant (for example Z4) and assign it to all company codes and the controlling area.
  C. Change all company codes to fiscal year variant K2.
  D. Change all company codes and the controlling area to fiscal year variant K2.
  A. Change all company codes to fiscal year variant K4.

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  Explanation/Reference:

• Question 68:

  Your customer currently uses classic G/L and asks what new functionalities can be implemented during an SAP standard conversion to SAP S/4HANA. What functionality can you activate?

  A. Document splitting
  B. Additional parallel currency
  C. Additional standard ledger
  D. Margin analysis
  B. Additional parallel currency

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  Explanation/Reference:

• Question 69:

  In an SAP S/4HANA system, which of the following features is mandatory?

  A. Material ledger
  B. Parallel ledgers
  C. Actual costing
  D. Margin analysis
  A. Material ledger

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  Explanation/Reference:

• Question 70:

  You want to convert your system from an account solution into a ledger solution without a prior New G/L migration project. Which scenario can be used? (Choose two.)

  A. SAP Standard Conversion
  B. Chart of Accounts Conversion
  C. Selective Data Transition
  D. New implementation
  A. SAP Standard Conversion
  B. Chart of Accounts Conversion

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  Explanation/Reference: