SAP SAP Certified Application Professional P_S4FIN_2021 Questions & Answers

• 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? (Choose two.)

  A. Implementation of real-time integration of controlling to financial accounting

  B. Implementation of an additional standard ledger for parallel accounting

  C. Implementation of chart of accounts conversion

  D. Implementation of document splitting

  Correct Answer: BD

• Question 2:

  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 all depreciation (transaction AFAB) for the fiscal year 2021.

  B. Post revaluation and new valuation (transaction AR29N) for fiscal year 2021.

  C. Run the fiscal year change (transaction FAA_CMP) to close fiscal year 2020.

  D. Run “Calculate Depreciation” (transaction AFAR) for fiscal year 2022.

  Correct Answer: C

• Question 3:

  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. Manual planning of statistical key figures

  D. Formula planning with templates

  Correct Answer: C

• Question 4:

  You are performing a system conversion for a customer that uses classic G/L with the accounts approach.

  What must you configure in SAP S/4HANA for local and international accounting standards in order to migrate the account values in an S/4HANA standard conversion project? (Choose three.)

  A. Accounting principles

  B. Ledger groups

  C. Valuation areas (FI)

  D. Standard ledgers

  E. Document types

  Correct Answer: ABC

• Question 5:

  What system configuration in your customer's current SAP ERP system will have a major effect on the duration and complexity of a system conversion to SAP S/4HANA?

  A. The customer does NOT use business partners to manage customers and suppliers.

  B. The customer uses the accounts approach for parallel accounting.

  C. The system uses classic asset accounting to manage fixed assets.

  D. The system does NOT use material ledger for actual costing.

  Correct Answer: C

• Question 6:

  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. Document splitting

  B. Additional parallel currency

  C. Additional standard ledger

  D. Margin analysis

  Correct Answer: B

• Question 7:

  What does the Parallel Accounting Using G/L Accounts indicator in ledger configuration allow you to do?

  A. Assign 2 or more accounting principles to the non-leading ledger

  B. Assign 2 or more accounting principles to the leading ledger

  C. Assign 2 or more ledgers to 1 accounting principle

  D. Assign 2 or more accounting principles to 1 valuation area

  Correct Answer: A

• Question 8:

  Your customer uses the ledger approach to multiple valuation.

  During conversion to SAP S/4HANA, which configurations will be required? (Choose two.)

  A. Define the document type for the accounting-principle-specific documents.

  B. Configure delta depreciation areas to no longer post to the general ledger.

  C. Assign accounting principles to all real and derived depreciation areas.

  D. Convert all accounts of parallel valuations to reconciliation accounts.

  Correct Answer: CD

• Question 9:

  Which objects do you need to configure in SAP S/4HANA after a conversion from classic G/L to SAP S/4HANA? (Choose two.)

  A. Document type

  B. Currency type

  C. Accounting principle

  D. Valuation area

  Correct Answer: CD

• Question 10:

  In your company code, you report on profit center and segment level. You post a single invoice document for office supplies that has multiple expense line items per profit center. What document splitting process does the system use to assign the correct profit centers and segments to the bank account line item when you post a payment for the invoice?

  A. Active document splitting

  B. Document splitting inheritance

  C. Document splitting default account assignment

  D. Passive document splitting

  Correct Answer: A