[Apr-2023 Newly Released] Pass P-S4FIN-2021 Exam - Real Questions and Answers
Pass P-S4FIN-2021 Review Guide, Reliable P-S4FIN-2021 Test Engine
NEW QUESTION 20
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. Run "Calculate Depreciation" (transaction AFAR) forfiscal year 2022.
- B. Run the fiscal year change (transaction FAA_CMP) to close fiscal year 2020.
- C. Post revaluation and new valuation (transaction AR29N) forfiscal year 2021.
- D. Post all depreciation (transaction AFAB) for the fiscal year 2021
Answer: B
NEW QUESTION 21
What are the key components of the intelligent enterprise by SAP? There are 3 correct answers to this question
- A. Intelligent Suite
- B. Digital Platform
- C. Intelligent Technologies
- D. Hybrid cloud
- E. Seamless integration
Answer: A,B,C
NEW QUESTION 22
What are the improvements to new cash pooling? There are 2 correct answers to this question.
- A. Different payment methods for payment requests can be specified in different paying company codes.
- B. The balance before concentration and the simulated balance after the concentration can be compared.
- C. You can set deficit and excess tolerances. If the balance is between the tolerances, no transfer is made
- D. The business user can define "expected amount" and "minimal movement amount" for every bank account without configuration.
Answer: B,D
NEW QUESTION 23
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 24
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 system does NOT use material ledger for actual costing.
- B. The customer uses the accounts approach for parallel accounting
- C. The customer does NOT use business partners to manage customers and suppliers
- D. The system uses classic asset accounting to manage fixed assets.
Answer: D
NEW QUESTION 25
You select the configuration option Set Migration to Completed in the Conversion of Accounting to SAP S/4HANA.What does this mean? Note: There are 3 correct answers to this question
- A. Only critical error messages have been accepted.
- B. All views are generated successfully.
- C. Customizing is consistent.
- D. All error messages have been accepted.
- E. Customer Vendor Integration can start.
Answer: B,C,D
NEW QUESTION 26
An asset is being acquired through integration with procurement. How is the asset aquisition value posted?
- A. Valuated acquisition is posted at invoice receipt
- B. Non-Valuated acquisition is posted at invoice receipt
- C. Non-Valuated acquisition is posted at goods receipt
- D. Valuated acquisition is posted at settlement
Answer: B
NEW QUESTION 27
You use document splitting and post an incoming invoice via a cost center to segment A.
You then use the Manual Reposting 01 Costa (KB11N) transaction to Repost the expense to segment B.
What happens to the segment assigned to the supplier line item in the original invoice posting?
- A. The open item remains on segment A.
- B. The open item is assigned to segment B through reclassification at month end.
- C. The open item is assigned to segment B when the invoice is paid.
- D. The open item is assigned to segment B automatically with the CO reposting.
Answer: A
NEW QUESTION 28
In which sequence do you create the objects required for the SAP financial closing cockpit?
- A. 1. Create task group
2. Create task lists 3 Create tasks
4. Release task lists - B. 3. Create task lists
4. Release task lists - C. 1. Define task levels
2. Create task group
3. Release task levels
4. Release task group
1. Create template
2. Create tasks - D. 1. Define closing periods
2. Create task lists
3. Release task lists
4. Release closing periods
Answer: A
NEW QUESTION 29
Which account assignments can you use to classify line items posted into different source assignments for revenue recognitions? Note: There are 3 correct answers to this question.
- A. Billing condition types
- B. Value field
- C. Cost element categories
- D. Profit center
- E. G/L accounts
Answer: A,C,E
NEW QUESTION 30
In what system is it important to perform all system conversion steps to identify and solve conversion errors?
- A. Development
- B. Please choose the correct answer.
- C. Productive
- D. Sandbox
- E. Quality Assurance
Answer: A
NEW QUESTION 31
You maintain a Launchpad for users to which role Z MANACC is assigned. What do you need to do make an app available on the users Launchpad?
- A. Activate the OData Service for role Z MANACC which is assigned to the app according to the SAP Fiori apps reference library
- B. Add the app to a catalog and a group that are assigned to role Z MANACC
- C. Assign the app directly to role Z MANACC
- D. Activate the user parameter for PFCG (role maintenance) for role Z MANACC
Answer: B
NEW QUESTION 32
For which Cases Can you Use SAP Product Lifecycle Costing? There are 2 correct answer to this question
- A. Sales order cost estimates
- B. Preliminary cost estimates
- C. Quotation costing
- D. Standard price cost estimates
Answer: B,C
NEW QUESTION 33
Which fields do you maintain when defining the source ledger for migration of balances?Note: There are 2 correct answers to this question.
- A. Year
- B. Company code
- C. Period
- D. Source table
Answer: A,B
NEW QUESTION 34
You are converting your system to SAP S/4HANA.Which functionality became obsolete in S/4HANA in Asset Accounting and needs to be migrated before conversion?
- A. Non-posting depreciation areas
- B. Insurance values in the asset master records
- C. Year-end closing
- D. Depreciation areas for parallel currencies
Answer: B
NEW QUESTION 35
What are some features of actual costing in SAP S/4HANA?Note: There are 2 correct answers to this question
- A. Selection of activity prices of other CO-versions in the standard run
- B. Reduced number of steps in the calculation cockpit
- C. Simplified data structure with new table structure
- D. Combined run for both standard and alternative valuations
Answer: B
NEW QUESTION 36
Which transactions generate a prima nota entry in the system in addition to the universal journal entry? Note: There are 2 correct answers to this question
- A. Assessment cycle of cost centers (KSU5)
- B. Post FI supplier invoice (FB60)
- C. Settlement of internal order (K088)
- D. Post time sheet data to Controlling (CAT7)
Answer: B,D
NEW QUESTION 37
What SAP S/4HANA deployment option will cause the least business disruption for the average SAP end user?
- A. Central finance
- B. Public cloud
- C. Private cloud
- D. On premise
Answer: A
NEW QUESTION 38
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 and the controlling area to fiscal year variant K2
- B. Change all company codes to fiscal year variant K2
- C. Change all company codes to fiscal year variant K4
- D. Change the controlling area to fiscal year variant K3.
Answer: C
NEW QUESTION 39
What is One Exposure from Operations?
- A. It is an ABAP report that shows the risk if the liquidity of the company will NOT meet short-term LJ financial demands with the current business Operation.
- B. It is a central data storage location that integrates data from Treasury and Risk Management, Cash and Liquidity Management Contract Accounting, and Financial Operations.
- C. it is a standalone SAP NetWeaver system that handles Cash Operations integration.
- D. It is an SAP Fiori app that shows all the exposures of the company to foreign currency risk and interest risk.
Answer: B
NEW QUESTION 40
The ACDOCA table has a 6-digit field for document line numbers. However, CO documents updating the COEP table are still limited to 999 lines. How does SAP S/4HANA handle large line item numbers when updating the CO documents?
- A. It no longer assigns CO-specific document numbers.
- B. It creates a new document when there are more than 999.999 lines
- C. It creates a new document when there are more than 999 lines.
- D. It outputs an error message when there are more than 999 lines.
Answer: C
NEW QUESTION 41
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