2022 ExamBoosts SAP P-S4FIN-2021 Dumps and Exam Test Engine
SAP P-S4FIN-2021 DUMPS WITH REAL EXAM QUESTIONS
SAP P-S4FIN-2021 Exam Syllabus Topics:
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SAP P-S4FIN-2021 Exam Description:
PLEASE NOTE: This certification has been published for early adopters. Some recommended ‘ways to attain’ are not yet available. - - - - - - - - - - - - - - - - The 'SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021)' certification exam validates a candidate's ability to independently prepare, setup and lead an implementation project of Financials in SAP S/4HANA. The candidate should have experience in implementing Financial Accounting and Management Accounting of at least 5 years. In addition, the candidate should understand the differences and innovations in architecture, configuration, and business process execution with SAP S/4HANA. Finally, the candidate will be able to perform all the preparation and execution steps of a project to convert an SAP ERP system to SAP S/4HANA. The core of the knowledge required for successfully passing the certification exam is in the SAP Education curriculum (course, course book including the notes), however the exam scope extends beyond what is explicitly within the content of the materials. In addition, the materials themselves assume an advanced level of familiarity with the implementation, configuration, and execution of SAP Finance business processes with the SAP ERP application. This certificate proves that the candidate has the overall understanding and skills required to be a qualified supervisor of the team performing the implementation of Financials in SAP S/4HANA. The candidate also has all required capabilities to act as an application consultant and team member himself/herself. The certificate issued for passing this exam will be valid for 5 years.
NEW QUESTION 64
What SAP Fiori app should be used to leverage the machine learning service for goods and invoice receipt reconciliation?
- A. Post Goods Receipt for inbound Delivery
- B. Confirm Receipt of Goods
- C. Business Reconciliation Report
- D. Reconcile GR/IR accounts
Answer: D
NEW QUESTION 65
How can you set up multiple valuations for transfer pricing in your SAP S/4HANA system? There are 2 correct answer to this question.
- A. You can assign additional valuation to the extension ledger
- B. You can assign each valuation to a separate ledger
- C. You can assign additional valuation to special led er(FI-SL).
- D. You can assign profit center, group and legal valuation to the same ledger
Answer: B,D
NEW QUESTION 66
What are planning level and planning group used for in SAP Cash Management? There are 2 correct answers to this question.
- A. Planning level is used in the company code data of the business partner to control accounts receivable and accounts payable in SAP Cash Management.
- Planning group is used in the G/L account data to enable the liquidity forecast.
- Planning group is used to group customers and vendors to enable accurate forecast. - B. Planning level is used to control displays in SAP Cash Management and to differentiate between noted item, purchase order, bank account, etc.
- Planning level is used to differentiate between strategic, business, and operational plan. - C. Planning level and planning group are used in the configuration of the grouping structure, which enables you to group bank and subledger accounts together in the cash position or the liquidity forecast.
- D. Planning group is used to group assets by order of liquidity: petty cash, bank, AR/AP, investments, etc.
Answer: B,C
NEW QUESTION 67
At which level do you define that a G/L account is a secondary cost account?
- A. Controlling area
- B. Operating concern
- C. Company code
- D. Chart of accounts
Answer: D
NEW QUESTION 68
How data is converted during an SAP S/4HANA standard conversions?
- A. Only company codes flagged as productive with all years
- B. Only company codes and years selected in the customizing for migration
- C. All company codes for the years you specify
- D. All company codes with all data of all years
Answer: D
NEW QUESTION 69
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 is assigned to segment B through reclassification at month end.
- B. The open item remains on segment A.
- C. The open item is assigned to segment B automatically with the CO reposting.
- D. The open item is assigned to segment B when the invoice is paid.
Answer: B
NEW QUESTION 70
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.
- A. The client role is set to test in the client maintenance.
- B. This is a new feature in SAP S/4HANA as proof of change.
- C. The authorization to save the posting periods is missing
- D. The migration is NOT set to complete.
Answer: A
NEW QUESTION 71
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. Creative statistical cost elements for cost and revenues of incoming sales orders
- B. Activate the transfer of incoming sales orders
- C. Setup an extension ledger with type "line items with technical numbers"
- D. Activate the indicator for incoming sales orders in the attributes view of the operating concerns
- E. Activate predictive accounting for incoming sales orders
Answer: A,B,E
NEW QUESTION 72
You want to configure an extension ledger. Which steps do you need to take? 2 correct answers
- A. Specify the document types for the Extension Ledger
- B. Assign a Fiscal Year variant to the Extension Ledger
- C. Select an underlying ledger for the Extension Ledger
- D. Specify currency types for the Extension Ledger
Answer: C,D
NEW QUESTION 73
Which values are stored in the universal journal (ACDOCA)? There are 2 correct answer to this question.
- A. Transfer Prices
- B. Parallel currencies
- C. Actual costing results
- D. Plan data
Answer: A,B
NEW QUESTION 74
You want to post intercompany asset transfer only for IFRS. Which objects can you specify in the transfer posting to achieve this? Note: There are 2 correct answers to this question.
- A. Transaction type
- B. Ledger group
- C. Accounting principle
- D. Depreciation area
Answer: B,C
NEW QUESTION 75
You are migrating from classic Asset Accounting to new Asset Accounting as part of your SAP S/4HANA migration. Yon have created an additional depreciation area for group currency under the chart of depredation. What are the critical steps for fixed assets? Note: There are 3 correct answers to this question.
- A. Manually recalculate depreciation for the new depreciation area.
- B. Update the depredation key for the new depreciation area.
- C. Update G/L accounts for the new depreciation area for the chart of depreciation.
- D. Activate the new depreciation areas for the individual assets for the respective company codes.
- E. Activate the new depreciation areas for asset classes under the chart of depreciation.
Answer: A,C,E
NEW QUESTION 76
Which technology supports adoption of the SAP HANA architecture?
- A. Fast and reliable solid-state disks
- B. High-speed, long-range wireless network protocols.
- C. In Multi-core, multi-thread central processing units.
- D. Smartphone devices
Answer: C
NEW QUESTION 77
On which levels can you assign semantic tags to a financial statement version in SAP Fiori?
There are 3 correct answer to this question.
- A. Financial statement item
- B. Functional area
- C. Business area
- D. Segment
- E. G/L account
Answer: A,B,E
NEW QUESTION 78
The screenshot displays how the depreciation areas of a chart of depreciation post, to the G/L By looking at the screenshot what can you learn about the company code and ledger configuration?
- A. There are no more than two ledger groups defined for the company code
- B. There are two currency types assigned to the company code.
- C. There is one extension ledger assigned to the leading ledger.
- D. There are two ledgers posted during transaction processing.
Answer: A
NEW QUESTION 79
The following ledgers are assigned to your company code in financial accounting. Standard ledgers A and B Extension ledger C with Standard ledger A as. Which ledgers are listed in the universal journal entry line items after you enter an incoming ivocie?
- A. Standard ledger B
- B. Standard ledger A
Standard ledger B - C. Extension ledger C
Standard ledger B - D. Standard ledger A
Extension ledger C - E. Extension ledger C
Standard ledger A
Answer: B
NEW QUESTION 80
In your SAP S/4HANA system, When does a document posted in controlling become Visible in financial accounting?
- A. When real-time integration is active for the company code
- B. When document splitting is active for the company code
- C. When FI account assignments (such as the segment) change
- D. When any primary and secondary cost and revenue accounts are posted
Answer: D
NEW QUESTION 81
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?
- A. The US GAAP values need to be reported in USG-but-the company code currency is defined as L1 EUR.
- B. You use the accounts approach to parallel valuation and all accounting principles are assigned to a single ledger
- C. One of the underlying ledgers is assigned to a fiscal year variant that has a different start/end date than the other ledgers.
- D. You assign transfer of APC values only from depreciation areas to which the same accounting principle is assigned.
Answer: D
NEW QUESTION 82
You migrate a system from SAP ERP with classic G/L to SAP S/4HANA. Which activities must
you perform in the productive SAP S/4HANA system before the software is installed? Note: There are 3 correct answers to this question.
- A. Run balance sheets and G/L account balances.
- B. Start the RAPERB2000 asset report.
- C. Activate new Asset Accounting.
- D. Post required documents in FI and CO.
- E. Perform G/L customizing for migration.
Answer: A,B,D
NEW QUESTION 83
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