SAP Certified Application Professional P-S4FIN-2021 Dumps | Updated Oct 11, 2023 - Prep4cram
Master 2023 Latest The Questions SAP Certified Application Professional and Pass P-S4FIN-2021 Real Exam!
NEW QUESTION # 41
At which level do you define that a G/L account is a secondary cost account?
- A. Chart of accounts
- B. Operating concern
- C. Company code
- D. Controlling area
Answer: A
NEW QUESTION # 42
What models are required to support advanced planning for embedded BPC? There are 2 correct answers to this question.
- A. Exchange Rate model
- B. Consolidation model
- C. Ownership model
- D. Source model
Answer: A,D
NEW QUESTION # 43
You start your first sandbox migration and get a lot of errors. How are errors in an SAP S/4HANA migration handled? There are 2 correct answer to this question.
- A. All errors related to closed years can be ignored.
- B. Critical errors must be resolved in the production system before Go Live.
- C. All errors must be corrected during migration to complete it.
- D. Errors must be clarified, and uncritical errors can be ignored
Answer: B,C
NEW QUESTION # 44
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?
- A. Use internal number ranges in the BP groupings for the conversion and switch to external afterward
- B. Use external number ranges in the BP groupings for the conversion and switch to internal afterward
- C. Use external number ranges in the customer and supplier account groups for the conversion and switch to internal afterward
- D. Use internal number ranges in the customer and supplier account groups for the conversion and switch to external afterward
Answer: C
NEW QUESTION # 45
A customer is currently running SAP ERP and wants to transition to a new implementation of SAP S/4HANA 1809. Yea are required to provide them with a solution that enable them transition to SAP S/4 HANA Customer specific enhancements. Which of the following tools will help leverage the transition process?
- A. SAP Readiness check for sap S/4 HANA
- B. SAP S/4HANA migration cockpit
- C. SAP Transformation navigator
- D. Software Update Manager
Answer: D
NEW QUESTION # 46
How data is converted during an SAP S/4HANA standard conversions?
- A. All company codes with all data of all years
- B. Only company codes flagged as productive with all years
- C. All company codes for the years you specify
- D. Only company codes and years selected in the customizing for migration
Answer: A
NEW QUESTION # 47
You carry forward balances for your company code and leading ledger to the new fiscal year 2021 and year What could resolve the error?
- A. Post revaluation and new valuation (transition AR29N) for fiscal year 2020
- B. Run "calculate depreciation" (transition AFAR) for fiscal year 2021
- C. Post all depreciation (transaction AFAB) for the fiscal year 2020
- D. Run the fiscal year change (transition FAA_CMP) to close fiscal year 2019
Answer: D
NEW QUESTION # 48
A fixed asset is to be posted in the new fiscal year. Which closing activity must be carried out for this?
- A. Depreciation for the new year must be recalculated (transaction AFAR).
- B. Fiscal year change program must have been executed (transaction FAA_CMP).
- C. All APC values must have been posted using report "Periodic Asset Postings".
- D. All depreciation (transaction AFAB) up to that point must be posted.
Answer: B
NEW QUESTION # 49
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. G/L accounts
- B. Billing condition types
- C. Profit center
- D. Cost element categories
- E. Value field
Answer: A,B,D
NEW QUESTION # 50
In your SAP S/4HANA system, you use the accounts approach for parallel valuation and report financial values for three separate accounting principles. You post an acquisition for an asset that is capitalized in a single accounting principle. If you use the application for posting integrated asset acquisitions, how many documents will the system post?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: A
NEW QUESTION # 51
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. You assign transfer of APC values only from depreciation areas to which the same accounting principle is assigned.
- B. You use the accounts approach to parallel valuation and all accounting principles are assigned to a single ledger
- C. The US GAAP values need to be reported in USG-but-the company code currency is defined as L1 EUR.
- D. One of the underlying ledgers is assigned to a fiscal year variant that has a different start/end date than the other ledgers.
Answer: A
NEW QUESTION # 52
What is required to enable the payment approval process in cash operations? There are 3 correct answers to this question.
- A. Create rule to require signature
- B. Create scenario without approval
- C. Define signature methods for approvals
- D. Create a rule for approvals
- E. Define a grouping method for the rule you defined
Answer: C,D,E
NEW QUESTION # 53
In which cases can you use a transfer price for goods movement in parallel valuation? There are 2 correct answers to this question.
- A. Between two accounting principles
- B. Between two profit centres
- C. Between two plants
- D. Between two company codes
Answer: B,D
NEW QUESTION # 54
Your customer has created a custom ABAP report in an SAP ERP system based on totals table GLTO. How is this totals table treated in SAP S/4HANA to safeguard custom ABAP reporting programs?
- A. The table is treated as a transient provider using BW query functionality
- B. The balances of the table are posted as additional line items in the universal journal.
- C. The entries of the table are converted into column store
- D. The content of the table is deleted and compatibility view is generated
Answer: D
NEW QUESTION # 55
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. Central Finance
- B. New Implementation (greenfield)
- C. Selective data transition
- D. System conversion (Brownfield)
Answer: A,B
NEW QUESTION # 56
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