Oct-2022 FREE SAP P_S4FIN_2021 PRACTICE QUESTIONS AND ANSWERS UPDATES
DEMO FREE BEFORE YOU BUY P_S4FIN_2021 DUMPS
NEW QUESTION 110
Your customer uses SAP ERP on any database with EHP 8, classic G/L with accounts approach, and more than 10 years' worth of dat a. What can you do in separate projects before the SAP S/4HANA conversion to reduce the complexity of your conversion project? Note: There are 2 correct answers to this question.
- A. Adopt new Asset Accounting.
- B. Implement an archiving project.
- C. Create a backup.
- D. Launch customer-vendor integration for the business partner.
Answer: B,C
NEW QUESTION 111
What is an advantage of selecting the multi-tenant edition of SAP S/4HANA Cloud instead of an On-premise SAP S/4HANA solution?
- A. Faster innovation cycles
- B. Support for all industries
- C. Fuller integration to external systems
- D. Cloud platform compatibility
Answer: A
NEW QUESTION 112
You want to configure an extension ledger. Which steps do you need to take? There are 2 correct answer to this question.
- A. Select an Underlying ledger for the extension ledger.
- B. Assign a fiscal year variant to the extension ledger.
- C. Specify currency types for the extension ledger.
- D. Specify the document type for the extension ledger.
Answer: A,D
NEW QUESTION 113
What is the purpose of the retraction workbook? Please choose the correct answer.
- A. Retract planning data from ERP to BW
- B. Retract planning data from ERP to BPC
- C. Retract planning data from BW to ERP
- D. Retract planning data from BPC to ERP
Answer: D
NEW QUESTION 114
Which of the following are phases in SAP Activate? Note: There are 3 correct answers to this question.
- A. Realize
- B. Blueprint
- C. Deploy
- D. Explore
- E. Test
Answer: A,C,D
NEW QUESTION 115
Where can you find the automatic write-off program to close unpaid customer balances?
- A. Accounts Receivable
- B. Dispute Management
- C. Collections Management
- D. Treasury Operations
Answer: B
NEW QUESTION 116
Your company code is configured with three depreciation areas that post in real time The company is configured to update company code and group currency types. How many documents are posted when you post a partial scrapping for a single depreciation area?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
NEW QUESTION 117
You want to post values of the incoming sales order to both account-based CO-PA and Costing based CO-PA.
What do you need to maintain?
NOTE: There are 3 correct answers to this question
- A. Activate predictive accounting for incoming sales orders
- B. Setup an extension ledger with type "line items with technical numbers"
- C. Creative statistical cost elements for cost and revenues of incoming sales orders
- D. Activate the indicator for incoming sales orders in the attributes view of the operating concerns
- E. Activate the transfer of incoming sales orders
Answer: A,C,E
NEW QUESTION 118
Which of the following is a prerequisite to activating takeover values between depreciation areas?
- A. Only one depreciation area per chart of depreciation is assigned 00
- B. Depreciation areas must be assigned to the same accounting principles
- C. Only the depreciation area for book depreciation is assigned 00
- D. Takeover values are possible across all depreciation areas
Answer: D
NEW QUESTION 119
A document can have up to 999999 line items in the universal journal (reposing or G/L view). How does this affect the entry view (table BSEG)?
- A. The entry view is also based on the universal journal
- B. It is limited to 999 items
- C. The system splits the single entry into multiple documents as required
- D. It is extended to 999999 line items
Answer: B
NEW QUESTION 120
How do you compensate for the technical clearing account NOT balancing in all accounting principles with the accounts approach for parallel valuation? Please choose the correct answer.
- A. By running the periodic acquisition and production cost posting
- B. By maintaining the offset account in the asset account determination
- C. By running the monthly depreciation posting
- D. By entering manual corrective clearing transfer postings
Answer: B
NEW QUESTION 121
Which of the following are available methods of valuation for depreciation areas? There are 3 correct answer to this question.
- A. Calculate additional values for acquisition and product cost.
- B. Define how posting values and depreciation terms can be transferred to other areas
- C. Define show values, but do NOT post any values to the G/L accounts.
- D. Calculate different values in a depreciation area for a specific purpose
- E. Define how asset values post for accounting principles.
Answer: B,D,E
NEW QUESTION 122
In your system. You are creating a new company code that requires as additional standard ledger. Which statements apply to a standard ledger? There are 2 correct answer to this question
- A. It will generate additional line items in ACDOCA for non-ledger-specific postings
- B. It must be assigned to underlying ledger
- C. It is always active on the system level for all company codes
- D. If asset accounting is used depreciation area must be assigned
Answer: A,D
NEW QUESTION 123
You run an assessment cycle, but no postings are made because the posting period is NOT open. Which period intervals do you need to maintain so that the results of the assessment can be posted without allowing other FI postings?
- A. Intervals 1 and 3
- B. Only interval 3
- C. Only interval 2
- D. Intervals 1 and 2
Answer: B
NEW QUESTION 124
You start your first sandbox migration and get a lot of errors. How are errors in an SAP S/4HANA migration handled? There are 2 correct answer to this question.
- A. Errors must be clarified, and uncritical errors can be ignored
- B. All errors must be corrected during migration to complete it.
- C. Critical errors must be resolved in the production system before Go Live.
- D. All errors related to closed years can be ignored.
Answer: B,C
NEW QUESTION 125
What open period is checked by the third interval of the Open Posting Periods variant in financial accounting?
- A. Postings to special periods
- B. Postings from CO to FI
- C. Postings with a special authorization group
- D. Postings to FI Subledgers
Answer: B
NEW QUESTION 126
In which cases can you use a transfer price for goods movement in parallel valuation? There are 2 correct answers to this question.
- A. Between two plants
- B. Between two profit centres
- C. Between two company codes
- D. Between two accounting principles
Answer: B,C
NEW QUESTION 127
What SAP S/4HANA deployment option will cause the least business disruption for the average SAP end user?
- A. Cloud multi-tenant
- B. Cloud single-tenant
- C. On Premise
- D. Central finance
Answer: C
NEW QUESTION 128
You define an additional extension ledger. What type of ledger can you assign as underlying ledger?
- A. Reconciliation ledger
- B. Material ledger
- C. Standard ledger
- D. Special ledger
Answer: C
NEW QUESTION 129
You need to select the Apply Account Assignments Statistically in Fixed Asset Account/Material Account checkbox in a G/L account master record for an assert G/L account, but athese field is currently, NOT available.
What could be the reasons for this behavior? Note: There are 2 correct answers to this question.
- A. The G/L account is NOT maintained in the account determination for real-time integration with UCO.
- B. The G/L account is NOT a reconciliation account type for assets.
- C. The G/L account is NOT maintained in the account determination for materials management.
- D. The G/L account is NOT maintained in the account determination of fixed asset accounting
Answer: C,D
NEW QUESTION 130
Which objects do you need to configure in SAP S/4HANA after a conversion from classic G/L to SAP S/4HANA? There are 2 correct answer to this question.
- A. Valuation Area
- B. Accounting principle
- C. Currency type
- D. Document type
Answer: A,B
NEW QUESTION 131
At which level do you define that a G/L account is a secondary cost account?
- A. Chart of accounts
- B. Controlling area
- C. Company code
- D. Operating concern
Answer: A
NEW QUESTION 132
You perform an SAP S/4HANA migration. Some of the company codes were NOT used for years and the data posted to these company codes is no longer legally equied. How do you handle these company codes?
- A. Migrate all company codes flagged as productive.
- B. Migrate all company codes of the client.
- C. Archive all data from unused company codes.
- D. Migrate all company codes you selected in customizing.
Answer: B
NEW QUESTION 133
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