[Nov-2023] Dumps Brief Outline Of The P-S4FIN-2021 Exam - Test4Sure
P-S4FIN-2021 Training & Certification Get Latest SAP Certified Application Professional
The primary aim of this certification exam is to ascertain the abilities of SAP ERP Finance experts in handling the latest technologies and concepts in the financial domain. As more and more companies are adopting SAP S/4HANA, the demand for SAP P_S4FIN_2021 certified professionals is on the rise, making it an attractive certification option for finance experts globally.
SAP P_S4FIN_2021 exam is designed for finance experts who want to demonstrate their expertise in financials within SAP S/4HANA. Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts certification validates the candidate's knowledge and skills in implementing financial processes and solutions using SAP S/4HANA. P-S4FIN-2021 exam covers various topics such as financial accounting, management accounting, asset accounting, financial closing, and financial planning and analysis.
NEW QUESTION # 49
Which characteristics of the ACDOCP planning table distinguish it from most other SAP S/4HANA tables?
Note: There are 2 correct answers to this question
- A. ACDOCP is an isolated table.
- B. ACDOCP derives data from ACDOCA.
- C. ACDOCP is a table with delta mechanism.
- D. ACDOCP is a cluster table.
Answer: A,C
NEW QUESTION # 50
Which values are stored in the universal journal (ACDOCA)? There are 2 correct answer to this question.
- A. Transfer Prices
- B. Actual costing results
- C. Plan data
- D. Parallel currencies
Answer: A,D
NEW QUESTION # 51
What conversion preparation step can be executed only after installing SAP S/4HANA? Please choose the correct answer.
- A. Maintenance planner
- B. Simplification item check
- C. SAP readiness check
- D. Check customizing settings prior to migration
Answer: D
NEW QUESTION # 52
You want to configure an extension ledger. Which steps do you need to take? Note: There are 2 correct answers to this question.
- A. Assign a fiscal year variant to the extension ledger
- B. Specify allowed currency types for the extension ledger
- C. Select an underlying ledger for the extension ledger.
- D. Specify the document type for the extension ledger.
Answer: C,D
NEW QUESTION # 53
In which cases can you use a transfer price for goods movement in parallel valuation? Note: There are 2 correct answers to this question.
- A. Between two company codes
- B. Between two profit centers
- C. Between two accounting principles
- D. Between two storage locations
Answer: A,B
NEW QUESTION # 54
Where can you find the automatic write-off program to close unpaid customer balances?
- A. Treasury Operations
- B. Collections Management
- C. Dispute Management
- D. Accounts Receivable
Answer: C
NEW QUESTION # 55
You start your first sandbox migration and get a lot of errors.How are errors handled in an SAP S/4HANA migration? Note: There are 2 correct answersto this question.
- A. All errors related to closed years can be ignored.
- B. Errors must be clarified, and uncritical errors can be accepted
- C. All errors must be corrected before SUM (Software Update Manager)starts.
- D. Critical errors must be resolved in the production system before Go Live.
Answer: C,D
NEW QUESTION # 56
In which of the possible scenarios can you indicate that an account is also a statistical cost element?Note: There are 2 correct answers to this question.
- 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 costsin fixed asset accounting.
- D. It is used as WIP account from price differences in the material account assignment
Answer: C,D
NEW QUESTION # 57
You run foreign currency valuation for both local and international GAAP. This leads to different values for the two different accounting principles. How can you set this up in the system?
- A. Define a valuation area and extension ledger to link with the new valuation area
- B. Define two valuation areas and two accounting principles with relevant links to ledgers
- C. Define two valuation methods and assign the accounting principles to the new valuation method
- D. Define a valuation area and ledger group for two ledgers to link with the new valuation area.
Answer: B
NEW QUESTION # 58
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 the document type for the extension ledger.
- D. Specify currency types for the extension ledger.
Answer: A,C
NEW QUESTION # 59
In controlling, what is a mandatory customizing step when convening a system to SAP S/4HANA?
- A. Create document type for CO postings
- B. Activate account based CO-PA
- C. Define profit center hierarchy.
- D. Migrate the material ledger
Answer: B
NEW QUESTION # 60
What is posted at the same time to both account-based and costing-based profitability analysis? Note: There are 2 correct answers to this question.
- A. Actual revenue
- B. CO-PA valuated insurance costs
- C. Incoming sales orders
- D. Standard cost of goods sold
Answer: A,C
NEW QUESTION # 61
You create a new G/L account. Which G/L account type can you assign? There are 2 correct answer to this question
- A. Secondary Costs
- B. Assessment Costs
- C. Internal Activity Costs
- D. Primary Costs or Revenue
Answer: A,D
NEW QUESTION # 62
For which functionality is a productive material ledger a prerequisite ? Note: There are 2 correct answers to this question.
- A. Parallel valuation for transfer pricing
- B. Actual activity price determination
- C. Actual costing
- D. Parallel update of the two types of profitability analysis
Answer: A,C
NEW QUESTION # 63
What can you do in the extension ledgers configuration? Please choose the correct answer.
- A. You can manually create a new ledger group that contains an extension ledger.
- B. You can link an accounting principle to a ledger group that contains an extension ledger.
- C. You can create an extension ledger for which the underlying ledger is an extension ledger.
- D. You can assign a freely defined currency to an extension ledger.
Answer: B
NEW QUESTION # 64
You maintain a launchpad for users who are assigned to the Z_MANACC role. What do you need to do to make an app available for the users?
- A. Add the app to a group that is assigned to the Z_MANACC role
- B. Assign the app directly to the Z_MANACC role and add the app to a catalog.
- C. Assign the app directly to the Z_MANACC role and add the app to a group.
- D. Add the app to a catalog that is assigned to the Z_MANACC role.
Answer: D
NEW QUESTION # 65
With SAP S/4HANA simplified logistics, which of the following are relevant to the material ledger? Note:
There are 2 correct answers to this question.
- A. The migration of material ledger is NOT required if SAP S/4HANA Finance is already used in the legacy system.
- B. The material ledger with actual costing requires a periodic costing run to update inventory values.
- C. The migration of material ledger is required when SAP S/4HANA Finance is already used in the legacy system.
- D. The material ledger uses the currencies defined in both the leading and non-leading ledgers.
Answer: B,C
NEW QUESTION # 66
Which information will be migrated automatically during an SAP S/4HANA finance migration? There are 3 correct answers to this question.
- A. Authorizations
- B. Account balances
- C. Business partners customizing
- D. Material ledger customizing
- E. General ledger customizing
Answer: A,B,D
NEW QUESTION # 67
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SAP P_S4FIN_2021 certification exam is a great opportunity for finance professionals to enhance their professional credibility and advance their career. Earning this certification proves that the candidate has the knowledge and skills required to work with financials in SAP S/4HANA, which is a highly sought-after skill in the job market.
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SAP Certified Application Professional P-S4FIN-2021 Real Exam Questions and Answers FREE Updated: https://drive.google.com/open?id=1bijereaEvhruLHltmT7fXGSEFyTVTvvr