SAP SAP Certifications P_S4FIN_2021 Questions & Answers

• Question 11:

  In which cases can you use a transfer price for goods movement in parallel valuation? (Choose two.)

  A. Between two storage locations

  B. Between two accounting principles

  C. Between two profit centers

  D. Between two company codes

  Correct Answer: CD

• Question 12:

  What restrictions apply when a new currency is introduced for productive company codes and ledgers? (Choose two.)

  A. New currency fields are NOT updated for existing data.

  B. Reconciliation for entities in asset accounting is NOT included.

  C. Calculated values are NOT added to the ACDOCA.

  D. Archived data CANNOT be enriched with the new currency.

  Correct Answer: BD

• Question 13:

  What SAP S/4HANA deployment option will cause the least business disruption for the average SAP end user?

  A. Public cloud

  B. Central finance

  C. On premise

  D. Private cloud

  Correct Answer: C

• Question 14:

  Which settings are allowed for open item management for the GR/IR account? (Choose two.)

  A. Reconciliation account

  B. Ledger specific open item management

  C. Extended open item management

  D. Classic open item management

  Correct Answer: AD

• Question 15:

  You want to post values of the incoming sales orders to both account-based CO-PA and costing-based CO-PA. What do you need to do? (Choose two.)

  A. Activate "Predictive Accounting" for sales processes at controlling area level

  B. Define the prediction ledger for your operating concern

  C. Set up an extension ledger with type "Line items with technical numbers"

  D. Activate "Predictive Accounting" for billing document item categories

  Correct Answer: AD

• Question 16:

  What do you configure to automatically create a vendor when you create a business partner? (Choose two.)

  A. The business partner grouping key

  B. Business partner relationships

  C. The customer/vendor integration interface

  D. The partner functions for vendors

  Correct Answer: AC

• Question 17:

  What do you assign to a depreciation area in SAP S/4HANA asset accounting? (Choose two.)

  A. A ledger account determination key

  B. An accounting principle

  C. A chart of depreciation

  D. An alternative depreciation area

  Correct Answer: BD

• Question 18:

  You are converting your system to SAP S/4HANA. In your system, you have:

  Three company codes assigned to a single controlling area. Controlling area is assigned to fiscal year variant K4. Two company codes assigned to fiscal year variant K2. One company code assigned to variant K3.

  During conversion to SAP S/4HANA, what do you need to change?

  A. Change all company codes to fiscal year variant K4.

  B. Create a new fiscal year variant (for example Z4) and assign it to all company codes and the controlling area.

  C. Change all company codes to fiscal year variant K2.

  D. Change all company codes and the controlling area to fiscal year variant K2.

  Correct Answer: A

• Question 19:

  In Controlling, what is a mandatory customizing step when converting a system to SAP S/4HANA?

  A. Configure accounts for COGS split.

  B. Create document type for CO postings.

  C. Activate attributed profitability analysis.

  D. Migrate the material ledger.

  Correct Answer: C

• Question 20:

  A fixed asset is to be posted in the new fiscal year. Which closing activity must be carried out for this?

  A. Fiscal year change program must have been executed (transaction FAA_CMP).

  B. All APC values must have been posted using report “Periodic Asset Postings".

  C. All depreciation (transaction AFAB) up to that point must be posted.

  D. Depreciation for the new year must be recalculated (transaction AFAR).

  Correct Answer: A