P_S4FIN_2021 by SAP Valid Free Exam Practice Test

Question 1

You post an asset acquisition with a purchase order. How is the asset acquisition value posted?

A. Non-valuated acquisition is posted at invoice receipt. B. Valuated acquisition is posted at settlement C. Valuated acquisition is posted at invoice receipt. D. Non-valuated acquisition is posted at goods receipt-

Correct Answer: A

Question 2

What is the maximum number of currency types that you can report on for a ledger?

A. 3 B. 12 C. 10 D. 8

Correct Answer: C

Question 3

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 4

You run an assessment cycle for cost centers, but no postings are made because the posting period is NOT open. Against which period interval is the check being made?

A. Only interval 3, no other intervals checked if interval 3 is not maintained B. First interval 3, then interval 2 if interval 3 is not maintained C. First interval 3, then interval 1 if interval 3 is not maintained D. First interval 3, then intervals 1&2 if interval 3 is not maintained

Correct Answer: A

Question 5

What do you manage within cash operations of SAP Cash Management? Note: There are 2 correct answers to this question.

A. Bank risk analysis and risk mitigation B. Daily cash position, deficits, and surpluses C. Credit limits for customer accounts D. Hedging and hedging contracts

Correct Answer: A,B

Question 6

You carry forward balances for your company code and leading ledger to the new fiscal year 2022 and you get an error message related to asset accounting. What single action can resolve the error?

A. Post revaluation and new valuation (transaction AR29N) forfiscal year 2021. B. Run "Calculate Depreciation" (transaction AFAR) forfiscal year 2022. C. Run the fiscal year change (transaction FAA_CMP) to close fiscal year 2020. D. Post all depreciation (transaction AFAB) for the fiscal year 2021

Correct Answer: C

Question 7

What are the consequences in an SAP ERP system when activating the business function EA-FIN to support conversion to SAP S/4HANA?

A. New depreciation engine is used. B. Period posting (ASKB) became obsolete. C. Parallel ledgers are available. D. New asset accounting is activated.

Correct Answer: D

Question 8

What is the earliest point in time that the attributed profitability segments can be derived?

A. When you settle the cost to margin analysis B. When you assess the costs to margin analysis using the universal allocation C. When you post the primary cost document to a WBS element D. When you run the top-down distribution in margin analysis

Correct Answer: C

Question 9

Which data is converted during an SAP S/4HANA standard conversion?

A. Only company codes and years selected in the customizing for migration B. Only company codes selected in the customizing for migration for all the years C. All company codes for the years you specify D. All company codes with all data of all years

Correct Answer: D

SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts - P_S4FIN_2021 Exam Practice Test