P-S4FIN-2021 100% Pass Guaranteed Download SAP Certified Application Professional Exam PDF Q&A [Q19-Q43]

December 28, 2023 P-S4FIN-2021, SAP 0 Comments

P-S4FIN-2021 100% Pass Guaranteed Download SAP Certified Application Professional Exam PDF Q&A [Q19-Q43]

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P-S4FIN-2021 100% Pass Guaranteed Download SAP Certified Application Professional Exam PDF Q&A

P-S4FIN-2021 Practice Test Dumps with 100% Passing Guarantee

NO.19 Your customer upgraded a system to SAP S/4HANA for test reasons. During testing, you receive feedback from the business department that while opening and closing posting periods, the systems asks for a customizing request. What is the reason? Please choose the correct answer.

The client role is set to test in the client maintenance.

This is a new feature in SAP S/4HANA as proof of change.

The migration is NOT set to complete.

The authorization to save the posting periods is missing

NO.20 A customer wants to store alternative values of a foreign currency valuation in an extension ledger. What extension ledger type is needed for this purpose? Please choose the correct answer.

Valuation

Extension

Prediction and commitments

Simulation

NO.21 You select the configuration option Set Migration to complete in the conversion of Accounting to SAP S/4HANA.
What does this mean?
There are 3 correct answers to this question

All error messages have been accepted

The previous year can be reopened

Customizing is consistent

All views are generated successfully

Migration for logistics can begin

NO.22 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? Note: There are 2 correct answers to this question

Use internal number ranges in the customer and supplier account groups after the conversion

Use internal number ranges in the BP groupings after the conversion

Use external number ranges in the customer and supplier account groups for the conversion.

Use external number ranges in the BP groupings for the conversion.

NO.23 Which technologies help you decrease data volume in the SAP HANA database? There are 2 correct answer to this question.

Indexing

Mirroring

Archiving

Aging

NO.24 At which level do you define that a G/L account is a secondary cost account?

Company code

Controlling area

Chart of accounts

Operating concern

NO.25 In your SAP S/4HANA system, ledger group LI is assigned to a US GAAP accounting principle. You want to assign ledger group to the LI to a separate depreciation areas that posts acquisition and production cost APC) and depreciation values. Which of the following limitations prevent you from making assignment?

You use the accounts approach to parallel valuation and all accounting principles are assigned to a single ledger

The US GAAP values need to be reported in USG-but-the company code currency is defined as L1 EUR.

One of the underlying ledgers is assigned to a fiscal year variant that has a different start/end date than the other ledgers.

You assign transfer of APC values only from depreciation areas to which the same accounting principle is assigned.

NO.26 Which information will be migrated automatically during an SAP S/4HANA finance migration? There are 3 correct answers to this question.

Account balances

Authorizations

General ledger customizing

Material ledger customizing

Business partners customizing

NO.27 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? NOTE: There are 2 correct answers to this question.

Selective data transition

System conversion (Brownfield)

Central Finance

New Implementation (greenfield)

NO.28 Where can you find the automatic write-off program to close unpaid customer balances?

Collections Management

Accounts Receivable

Treasury Operations

Dispute Management

NO.29 You are converting your system to SAP S/4HANA.
Which functionality became obsolete in SAP S/4HANA in asset accounting and needs to be

insurance values in the asset master record

non-posting depreciation areas

year-end closing

segment and profit centre reporting

NO.30 What can you do with SAP S/4HANA Accrual Management?

Post planned accrual amounts in table ACDOCP and analyze them in reports.

Automatically calculate accruals for purchase orders with posted valuated goods receipt.

Automatically calculate accruals for asset acquisitions (direct capitalization) with purchase orders.

Post and analyze accruals in all currencies defined for the general ledger.

NO.31 Which technology supports adoption of the SAP HANA architecture?

High-speed, long-range wireless network protocols.

Fast and reliable solid-state disks

Smartphone devices

In Multi-core, multi-thread central processing units.

NO.32 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?Note: There are 2 correct answers to this question.

Margin analysis: no specific customizing is necessary

Costing-based CO-PA: no specific customizing is necessary

Margin analysis: assign different accounts (assignment of different accounts is necessary)

Costing-based CO-PA: assign different value fields (assignment of different value fields is necessary)

NO.33 Which of the following are phases in SAP Activate? Note: There are 3 correct answers to this question.

Test

Realize

Blueprint

Deploy

Explore

NO.34 Which of the following components are obsolete are require migration activities during a Statistical There are 3 correct answers to this question.

Cash Management

Special purpose ledger

Accrual engine

Classic credit management

Costing based CO- PA

NO.35 Which objects do you migrate from SAP ERP to SAP S/4HANA? Note: There are 3 correct answers to this question.

House banks for new Bank Account Management.

Accounting documents of financial accounting and controlling

Data of costing-based profitability analysis

Balances of accounts, customers, and vendors.

Master data such as assets and profit centers.

NO.36 There are 8 customer-specific charts of depreciation in the client that area assigned to 22 active company codes, as required Additionally, there are 7 reference and unused. How many you charts of depreciation do you migrate?

NO.37 Which modules read and write line items of the universal journal (ACDOCA)?Note: There are 2 correct answers to this question.

Account-based profitability analysis

Actual costing

Cash management

Costing-based profitability analysis

NO.38 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?Note: There are 2 correct answers to this question.

Select the Record Account Assignment indicator.

Enter value 90 in the cost element category field.

Set the G/L account type to Primary Costs or Revenue.

Define the G/L account as an asset reconciliation account.

NO.39 Where can you view the cost of goods sold (COGS) postings per cost component in CO-PA? Note: There are 3 correct answers to this question.

Standard COGS in cost-based CO-PA

Actual COGS (based on actual costing) in account-based CO-PA

Standard COGS in account-based CO

Moving average COGS in account-based CO-PA

Actual COGS (based on material ledger) in cost-based CO-PA

NO.40 Your customer wants a new ERP solution and is looking at the SAP S/4HANA software. The customer has a skilled in-house IT team that they want to upskill and keep moving the forward. They want maintain a filly customizable solution without completely disrupting their current processes. Which SAP S/4HANA solution will you propose?

On-premise

Public cloud

Hybrid

Private cloud

NO.41 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

It will generate additional line items in ACDOCA for non-ledger-specific postings

It is always active on the system level for all company codes

It must be assigned to underlying ledger

If asset accounting is used depreciation area must be assigned

NO.42 Which fields do you maintain when defining the source ledger for migration of balances? There are 2 correct answer to this question.

Company Code

Period

Year

Source table

NO.43 What happens during the migration activity Regenerate CDS Views and Field Mapping? Note: There are 2 correct answers to this question.

The customer-specific fields are included in the data migration procedure.

The redirection of SELECT statements is generated.

The OData services for SAP Fiori integration are activated.

The field mapping for the customer and vendor integration is created.

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To pass the SAP P-S4FIN-2021 exam, candidates must demonstrate their proficiency in several key areas, including financial accounting, management accounting, financial supply chain management, and financial closing. They must also be able to demonstrate their ability to configure and use SAP S/4HANA to support these financial processes.

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