Jul 26, 2023 PASS SAP P_S4FIN_2021 EXAM WITH UPDATED DUMPS

P_S4FIN_2021 Questions PDF [2023] Use Valid New dump to Clear Exam

SAP P_S4FIN_2021 is a certification exam designed for financial experts who are interested in showcasing their knowledge and expertise in SAP S/4HANA. Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts certification exam is aimed at evaluating the candidate’s ability to work with financials in SAP S/4HANA and it is intended for individuals who have already worked with SAP ERP Finance.

Obtaining the SAP P_S4FIN_2021 certification can provide professionals with a competitive advantage in the job market and increase their earning potential. Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts certification demonstrates a candidate’s proficiency in managing financial operations using the latest SAP S/4HANA technology, which is in high demand among organizations worldwide.

 

NEW QUESTION # 14
Which modules read and write line items of the universal journal (ACDOCA)?Note: There are 2 correct answers to this question.

• A. Cash management
• B. Costing-based profitability analysis
• C. Account-based profitability analysis
• D. Actual costing

Answer: A,C

NEW QUESTION # 15
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.

• A. System conversion (Brownfield)
• B. Selective data transition
• C. Central Finance
• D. New Implementation (greenfield)

Answer: C,D

NEW QUESTION # 16
Which of the following front-end clients can you NOT use in the standard system for SAP Business Planning and Consolidation for SAP S/4HANA Finance? Please choose the correct answer.

• A. SAP Business Client
• B. SAP BusinessObjects Analysis for Microsoft Office
• C. SAP GUI
• D. SAP Fiori

Answer: C

NEW QUESTION # 17
What conversion preparation step can be executed only after installing SAP S/4HANA? Please choose the correct answer.

• A. Check customizing settings prior to migration
• B. Maintenance planner
• C. Simplification item check
• D. SAP readiness check

Answer: A

NEW QUESTION # 18
What system configuration in your customers current SAP ERP system will have a major effect on the duration and complexity of the system conversion to S/4HANA?

• A. The customers uses the accounts approach for parallel accounting.
• B. The system has document splitting activated for all company codes
• C. The customer does NOT use business partners to manage customers and suppliers
• D. The system uses classic asset account to manage fixed assets

Answer: D

NEW QUESTION # 19
On what level can you assign a fiscal year variant to a company code?

• A. Ledger
• B. Accounting principle
• C. Depreciation area
• D. Valuation area

Answer: A

NEW QUESTION # 20
For which account assignments can you perform realignment in the universal journal? Note: There are 2 correct answers to this question

• A. Functional area
• B. Customer group
• C. Profit center
• D. Sales region

Answer: B,D

NEW QUESTION # 21
During SAP S/4HANA conversion, why is it necessary to migrate balances for FI and CO? Please choose the correct answer.

• A. Because the system posts FI/CO documents for all missing line items by comparing them to the - balance of the account
• B. Because a delta between all line items and the balance of every account will be updated in the universal journal
• C. Because all balances from the past years are stored in the universal journal
• D. Because the system displays an error if the sum of aggregated line items differs from the balance

Answer: B

NEW QUESTION # 22
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 a cluster table.
• B. ACDOCP derives data from ACDOCA.
• C. ACDOCP is a table with delta mechanism.
• D. ACDOCP is an isolated table.

Answer: C,D

NEW QUESTION # 23
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. Incoming sales orders
• B. Actual revenue
• C. CO-PA valuated insurance costs
• D. Standard cost of goods sold

Answer: A,B

NEW QUESTION # 24
Cost of goods sold (COGS) split functionality is available in account-based CO-PA.
Which settings are necessary? Note: There are 2 correct answers to this question.

• A. Operating concern currency must be determined.
• B. The corresponding cost elements must exist in the chart of accounts.
• C. Cost elements must be mapped to cost components
• D. Characteristic values and characteristic groups must be maintained

Answer: B,C

NEW QUESTION # 25
Which transaction types can be restricted to depreciation areas in new Asset Accounting? Note: There are 2 correct answers to this question.

• A. Transfers
• B. Revaluation and new valuation
• C. Investment support
• D. Retirements

Answer: B,C

NEW QUESTION # 26
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 # 27
What can you do in the extension ledgers configuration? Please choose the correct answer.

• A. You can link an accounting principle to a ledger group that contains an extension ledger.
• B. You can manually create a new 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: A

NEW QUESTION # 28
What can you do when you use Account Basis for cost of goods sold (COGS) split in SAP S/4HANA 1809?
Note: There are 2 correct answers to this question.

• A. Enable COGS split for stock transfers and point-of-sale transactions.
• B. Enable COGS split for postings made on the source account through internal processes in Financials and Controlling.
• C. Enable COGS split for sales processes posted to internal orders and projects.
• D. Enable COGS split on the basis of the main cost component structure and auxiliary cost component structure.

Answer: A,B

NEW QUESTION # 29
What can you do with SAP S/4HANA accrual management?

• A. Automatically calculate accruals for asset acquisitions with purchase orders
• B. Post planned accrual amounts in table ACDOCP and analyse them in reports
• C. Post and analyse accruals in all currencies defined for the general ledger
• D. Carry forward accruals to future years independent of the other ledger values

Answer: A

NEW QUESTION # 30
Which values are stored in the universal journal (ACDOCA)?Note: There are 2 correct answers to this question.

• A. Transfer prices
• B. Actual costing results
• C. Elimination of intercompany postings
• D. Parallel currencies

Answer: A,D

NEW QUESTION # 31
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 standalone SAP NetWeaver system that handles Cash Operations integration.
• C. It is a central data storage location that integrates data from Treasury and Risk Management, Cash and Liquidity Management Contract Accounting, and Financial Operations.
• D. It is an SAP Fiori app that shows all the exposures of the company to foreign currency risk and interest risk.

Answer: C

NEW QUESTION # 32
Your customer currently uses classic G/L and asks what new functionalities can be implemented during an SAP standard conversion to SAP S/4HANA.What functionality can you activate?

• A. Additional standard ledger
• B. Additional parallel currency
• C. Margin analysis
• D. Document splitting

Answer: B

NEW QUESTION # 33
What must you create before you can record commitments in the universal journal?

• A. Extension ledger
• B. CO version
• C. Non-leading standard ledger
• D. Mapping for condition types

Answer: A

NEW QUESTION # 34
Which technologies help you decrease data volume in the SAP HANA database? There are 2 correct answer to this question.

• A. Indexing
• B. Mirroring
• C. Archiving
• D. Aging

Answer: C,D

NEW QUESTION # 35
What can you assign in a depreciation area in SAP S/4HANA Finance asset accounting?

• A. An accounting principle
• B. Parallel ledger
• C. Ledger group
• D. Clearing account

Answer: A

NEW QUESTION # 36
What are some features of actual costing in SAP S/4 HANA? There are 2 correct answer to this question

• A. Reduced number of steps in the calculation cockpit
• B. Selection of activity prices of other CO-versions in the standard run
• C. Simplified data structure with new table structure
• D. Possibility of post-closing in the alternative valuation run (AVR)

Answer: A,C

NEW QUESTION # 37
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SAP P_S4FIN_2021 is a certification exam designed for financial experts who are looking to enhance their knowledge and skills in SAP S/4HANA. P_S4FIN_2021 exam is specifically designed for individuals who have previously worked with SAP ERP Finance and are now looking to upgrade their skills to work with SAP S/4HANA. Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts certification is awarded to individuals who pass the exam and demonstrate their knowledge in the field of financials in SAP S/4HANA.

 

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