P-S4FIN-2021 by SAP Valid Free Exam Practice Test

Question 1

Your customer wants to convert their SAP ERP New G/L ledger solution to SAP S/4HANA.Which system configuration options are available for the customer after the conversion project is finalized? Note: There are 2 correct answers to this question.

A. Implementation of document splitting B. Implementation of chart of accounts conversion C. Implementation of an additional standard ledger for parallel accounting D. Implementation of real-time integration of controlling to financial accounting

Correct Answer: A,C

Question 2

You create a G/L account and set the cost element category to 42 (assessment).In what table isthe cost element category updated?

A. SKA1 B. CSKA C. SKB1 D. CSKB

Correct Answer: D

Question 3

You activate account-based CO-PA (Profitability Analysis) during migration. How is the system affected? Note: There are 3 correct answers to this question.

A. Value fields will be added to the universal journal. B. Historical data will be enriched with characteristics by derivation C. Cost component split (COGS) can be configured in financial accounting. D. Characteristics will be added to the universal journal. E. Cost-based CO-PA can still be used in parallel.

Correct Answer: C,D,E

Question 4

In what system is it required to perform all system conversion steps to identify and solve conversion errors?

A. Sandbox B. Quality Assurance C. Production D. Development

Correct Answer: B

Question 5

You want to sell products from stock. What do you need to maintain before you can analyze the cost of goods sold (COGS) subdivided by cost components in account-based CO-PA? Note: There are 2 correct answers to this question

A. A cost splitting profile in general ledger accounting B. An extension ledger with type "Line items with technical numbers" C. A settlement profile to control the settlement of cost portions D. A collection of primary cost elements to receive the cost portions

Correct Answer: A,D

Question 6

What cost center planning process can write data directly to plan item table ACDOCP?

A. Internal activity price calculation B. Planning in SAP Analytics Cloud C. Formula planning with templates D. Manual planning of statistical key figures

Correct Answer: D

Question 7

Which ledger-specific configuration can you maintain at company code level? Note: There are 2 correct answers to this question.

A. The valuation view for the extension ledger B. The financial statement version for both types of ledgers C. The posting period variant for the extension ledger D. The fiscal year variant for the standard ledger

Correct Answer: C,D

Question 8

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. New implementation B. Chart of Accounts Conversion C. Selective Data Transition D. SAP Standard Conversion

Correct Answer: B,D

Question 9

What do you configure to automatically create a vendor when you create a business partner?Note: There are 2 correct answers to this question.

A. The business partner grouping key B. Business partner relationships C. The customer/vendor integration interface D. The partner functions for vendors

Correct Answer: A,C

SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts - P-S4FIN-2021 Exam Practice Test