SAP P_S4FIN_2021 Online Practice Questions and Exam Preparation

SAP P_S4FIN_2021 Online Questions & Answers

• Question 71:

  You carry forward balances for your company code and leading ledger to the new fiscal year 2022 and you get an error message related to asset accounting. What single action can resolve the error?

  A. Post all depreciation (transaction AFAB) for the fiscal year 2021.
  B. Post revaluation and new valuation (transaction AR29N) for fiscal year 2021.
  C. Run the fiscal year change (transaction FAA_CMP) to close fiscal year 2020.
  D. Run “Calculate Depreciation” (transaction AFAR) for fiscal year 2022.
  C. Run the fiscal year change (transaction FAA_CMP) to close fiscal year 2020.

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• Question 72:

  In your SAP S/4HANA system, you use the accounts approach for parallel valuation and report financial values for three separate accounting principles. You post an acquisition for an asset that is capitalized in a single accounting principle. If you use the application for posting integrated asset acquisitions, how many documents will the system post?

  A. 1
  B. 2
  C. 3
  D. 4
  A. 1

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• Question 73:

  You select the configuration option Set Migration to Completed in the Conversion of Accounting to SAP S/4HANA. What does this mean? (Choose three.)

  A. All views are generated successfully.
  B. Customizing is consistent.
  C. All error messages have been accepted.
  D. Customer Vendor Integration can start.
  E. Only critical error messages have been accepted.
  A. All views are generated successfully.
  B. Customizing is consistent.
  C. All error messages have been accepted.

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• Question 74:

  What do you configure to automatically create a vendor when you create a business partner? (Choose two.)

  A. The business partner grouping key
  B. Business partner relationships
  C. The customer/vendor integration interface
  D. The partner functions for vendors
  A. The business partner grouping key
  C. The customer/vendor integration interface

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• Question 75:

  Your customer wants to maintain the current customer and supplier account numbers even after migrating to business partners. The customer also wants to ensure the account numbers continue to be aligned after the conversion.

  What settings must be made to ensure this? (Choose two.)

  A. Use internal number ranges in the customer and supplier account groups after the conversion.
  B. Use external number ranges in the customer and supplier account groups for the conversion.
  C. Use external number ranges in the BP groupings for the conversion.
  D. Use internal number ranges in the BP groupings after the conversion.
  A. Use internal number ranges in the customer and supplier account groups after the conversion.
  B. Use external number ranges in the customer and supplier account groups for the conversion.

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• Question 76:

  You post an asset acquisition with a purchase order. How is the asset acquisition value posted?

  A. Non-valuated acquisition is posted at goods receipt.
  B. Non-valuated acquisition is posted at invoice receipt.
  C. Valuated acquisition is posted at invoice receipt.
  D. Valuated acquisition is posted at settlement.
  B. Non-valuated acquisition is posted at invoice receipt.

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• Question 77:

  You want to set up a multi-level gross margin report in profitability analysis (CO-PA). What do you customize to report the fixed and variable values separately? (Choose two.)

  A. Margin analysis: assign different accounts (assignment of different accounts is necessary)
  B. Costing-based CO-PA: no specific customizing is necessary
  C. Costing-based CO-PA: assign different value fields (assignment of different value fields is necessary)
  D. Margin analysis: no specific customizing is necessary
  A. Margin analysis: assign different accounts (assignment of different accounts is necessary)
  C. Costing-based CO-PA: assign different value fields (assignment of different value fields is necessary)

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• Question 78:

  Which technologies help you decrease data volume in the SAP HANA database? (Choose two.)

  A. Archiving
  B. Indexing
  C. Storing
  D. Aging
  A. Archiving
  D. Aging

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• Question 79:

  You activate account-based CO-PA (Profitability Analysis) during migration. How is the system affected? (Choose three.)

  A. Characteristics will be added to the universal journal.
  B. Value fields will be added to the universal journal.
  C. Cost-based CO-PA can still be used in parallel.
  D. Cost component split (COGS) can be configured in financial accounting.
  E. Historical data will be enriched with characteristics by derivation.
  A. Characteristics will be added to the universal journal.
  C. Cost-based CO-PA can still be used in parallel.
  D. Cost component split (COGS) can be configured in financial accounting.

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