SAP SAP Certifications P_S4FIN_2021 Questions & Answers

• Question 41:

  You want to configure an extension ledger. Which steps do you need to take? (Choose two.)

  A. Specify allowed currency types for the extension ledger.

  B. Specify the document type for the extension ledger.

  C. Select an underlying ledger for the extension ledger.

  D. Assign a fiscal year variant to the extension ledger.

  Correct Answer: BC

• Question 42:

  How can you set up multiple valuations for transfer pricing in your SAP S/4HANA system? (Choose two.)

  A. You can assign additional valuations to the extension ledgers.

  B. You can assign additional valuations to separate accounts.

  C. You can assign each valuation to a separate ledger.

  D. You can assign profit center, group, and legal valuations to the same ledger.

  Correct Answer: CD

• Question 43:

  Which of the following components are obsolete and require migration activities during a standard conversion to SAP S/4HANA? (Choose three.)

  A. Costing-based CO-PA

  B. Accrual Engine

  C. Special Purpose Ledger

  D. Cash Management

  E. Classic Credit Management

  Correct Answer: ACE

• Question 44:

  Which fields do you maintain when defining the source ledger for migration of balances? (Choose two.)

  A. Period

  B. Source table

  C. Company code

  D. Year

  Correct Answer: CD

• Question 45:

  In your system, you are creating a new company code that requires an additional standard ledger. Which statements apply to a standard ledger?

  A. It must be assigned to an underlying ledger.

  B. It will generate additional line items in ACDOCA for non-ledger-specific postings.

  C. It is always active on the system level for all company codes.

  D. If asset accounting is used, a depreciation area must be assigned.

  Correct Answer: BD

• Question 46:

  You want to set up a multi-level gross margin report in profitability analysis (CO-PA). What do you customize to report the fixed and variable values separately? (Choose two.)

  A. Margin analysis: assign different accounts (assignment of different accounts is necessary)

  B. Costing-based CO-PA: no specific customizing is necessary

  C. Costing-based CO-PA: assign different value fields (assignment of different value fields is necessary)

  D. Margin analysis: no specific customizing is necessary

  Correct Answer: AC

• Question 47:

  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? (Choose two.)

  A. SAP Standard Conversion

  B. Chart of Accounts Conversion

  C. Selective Data Transition

  D. New implementation

  Correct Answer: AB

• Question 48:

  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? (Choose two.)

  A. A collection of primary cost elements to receive the cost portions

  B. A cost splitting profile in general ledger accounting

  C. An extension ledger with type "Line items with technical numbers”

  D. A settlement profile to control the settlement of cost portions

  Correct Answer: AB

• Question 49:

  What data for asset accounting is stored in the universal journal? (Choose two.)

  A. Actual depreciations of all depreciation areas that are set to post depreciation periodically

  B. Acquisition and production cost values of all depreciation areas that are assigned to an accounting principle

  C. Acquisition and production cost values of all depreciation areas that are defined as real depreciation areas

  D. Actual depreciations of the controlling depreciation area used for management valuations

  Correct Answer: AB

• Question 50:

  What is posted at the same time to both account-based and costing-based profitability analysis? (Choose two.)

  A. Incoming sales orders

  B. CO-PA valuated insurance costs

  C. Actual revenue

  D. Standard cost of goods sold

  Correct Answer: AC