Pass SAP P_S4FIN_2021 Actual Free Exam Q&As Updated Dump Sep 06, 2022
Latest P_S4FIN_2021 Actual Free Exam Updated 185 Questions
SAP P_S4FIN_2021 Exam Description:
PLEASE NOTE: This certification has been published for early adopters. Some recommended ‘ways to attain’ are not yet available. - - - - - - - - - - - - - - - - The 'SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021)' certification exam validates a candidate's ability to independently prepare, setup and lead an implementation project of Financials in SAP S/4HANA. The candidate should have experience in implementing Financial Accounting and Management Accounting of at least 5 years. In addition, the candidate should understand the differences and innovations in architecture, configuration, and business process execution with SAP S/4HANA. Finally, the candidate will be able to perform all the preparation and execution steps of a project to convert an SAP ERP system to SAP S/4HANA. The core of the knowledge required for successfully passing the certification exam is in the SAP Education curriculum (course, course book including the notes), however the exam scope extends beyond what is explicitly within the content of the materials. In addition, the materials themselves assume an advanced level of familiarity with the implementation, configuration, and execution of SAP Finance business processes with the SAP ERP application. This certificate proves that the candidate has the overall understanding and skills required to be a qualified supervisor of the team performing the implementation of Financials in SAP S/4HANA. The candidate also has all required capabilities to act as an application consultant and team member himself/herself. The certificate issued for passing this exam will be valid for 5 years.
NEW QUESTION 14
What happens during the migration activity Regenerate CDS Views and Field Mapping? Note: There are 2 correct answers to this question.
- A. The customer-specific fields are included in the data migration procedure.
- B. The redirection of SELECT statements is generated.
- C. The field mapping for the customer and vendor integration is created.
- D. The OData services for SAP Fiori integration are activated.
Answer: A,B
NEW QUESTION 15
You want to sell products from stock.
What do you need to maintain before you can analyse the cost of goods sold (COGS) subdivided By cost component in account-base (COPA).
NOTE: There are 2 correct answers to this question
- A. A cost splitting profile in general ledger accounting
- B. A settlement profile to control the settlement of cost portions
- C. An extension ledger with type" line items with technical numbers
- D. A collection of primary cost elements to receive the cost portions
Answer: A,D
NEW QUESTION 16
Your customer uses classic G/L and asks for possibilities to implement new functionalities. What functionality can be activated during the conversion?
- A. Document Splitting
- B. Account-based CO-PA
- C. transfer prices
- D. Additional FI Currency
Answer: B
NEW QUESTION 17
You start your first sandbox migration and get a lot of errors. How are errors in an SAP S/4HANA migration handled? There are 2 correct answer to this question.
- A. All errors related to closed years can be ignored.
- B. All errors must be corrected during migration to complete it.
- C. Critical errors must be resolved in the production system before Go Live.
- D. Errors must be clarified, and uncritical errors can be ignored
Answer: B,C
NEW QUESTION 18
Which of the following are key benefits of SAP S/4HANA? Note: There are 2 correct answers to this question.
- A. Reduced throughput
- B. Choice of deployment
- C. Reduced footprint
- D. Choice of database
Answer: B,C
NEW QUESTION 19
Your customer has created a custom ABAP report in an SAP ERP system based on totals table GLTO. How is this totals table treated in SAP S/4HANA to safeguard custom ABAP reporting programs?
- A. The content of the table is deleted and compatibility view is generated
- B. The balances of the table are posted as additional line items in the universal journal.
- C. The entries of the table are converted into column store
- D. The table is treated as a transient provider using BW query functionality
Answer: A
NEW QUESTION 20
Cost of goods sold (COGS) split functionality is available in account-based CO-PA.
Which settings are necessary? Note: There are 2 correct answers to this question.
- A. Cost elements must be mapped to cost components
- B. The corresponding cost elements must exist in the chart of accounts.
- C. Operating concern currency must be determined.
- D. Characteristic values and characteristic groups must be maintained
Answer: A,B
NEW QUESTION 21
You maintain a Launchpad for users to which role Z MANACC is assigned. What do you need to do make an app available on the users Launchpad?
- A. Activate the OData Service for role Z MANACC which is assigned to the app according to the SAP Fiori apps reference library
- B. Add the app to a catalog and a group that are assigned to role Z MANACC
- C. Activate the user parameter for PFCG (role maintenance) for role Z MANACC
- D. Assign the app directly to role Z MANACC
Answer: B
NEW QUESTION 22
Which technology supports adoption of the SAP HANA architecture?
- A. High-speed, long-range wireless network protocols.
- B. Fast and reliable solid-state disks
- C. Smartphone devices
- D. In Multi-core, multi-thread central processing units.
Answer: D
NEW QUESTION 23
You carry forward balances for your company code and leading ledger to the new fiscal year 2021 and year What could resolve the error?
- A. Post revaluation and new valuation (transition AR29N) for fiscal year 2020
- B. Post all depreciation (transaction AFAB) for the fiscal year 2020
- C. Run the fiscal year change (transition FAA_CMP) to close fiscal year 2019
- D. Run "calculate depreciation" (transition AFAR) for fiscal year 2021
Answer: C
NEW QUESTION 24
What does an administrator need to do in the SAP Fiori Gateway server in order to launch a native SAP Fiori application from the SAP Fiori Launchpad? Note: There are 2 correct answers to this question.
- A. Activate the OData service relevant for the app.
- B. Activate the SAP Screen Personas flavor for the app.
- C. Assign the SAP Fiori tile group to a role relevant for the user.
- D. Assign the SAP Fiori tile catalog to a role relevant for the user.
Answer: A,D
NEW QUESTION 25
Which fields do you maintain when defining the source ledger for migration of balances? There are 2 correct answer to this question.
- A. Company Code
- B. Source table
- C. Period
- D. Year
Answer: A,D
NEW QUESTION 26
How can financial data be stored in the SAP S/4HANA system tables? Note: There are 2 correct answers to this question.
- A. There can be a line item added in BSEG without a corresponding line item in ACDOCA.
- B. There can be a line item in ACDOCA without a corresponding line item in BSEG.
- C. There can be a line item in BSEG without a corresponding document in BKPF.
- D. There can be a line item in ACDOCA without a corresponding line item in BKPF.
Answer: D
NEW QUESTION 27
Which of the following front-end clients can you NOT use in the standard system for SAP Business Planning and Consolidation for SAP S/4HANA Finance? Please choose the correct answer.
- A. SAP Business Client
- B. SAP BusinessObjects Analysis for Microsoft Office
- C. SAP Fiori
- D. SAP GUI
Answer: D
NEW QUESTION 28
Which of the following are available methods of valuation for depreciation areas? There are 3 correct answer to this question.
- A. Calculate additional values for acquisition and product cost.
- B. Define show values, but do NOT post any values to the G/L accounts.
- C. Calculate different values in a depreciation area for a specific purpose
- D. Define how posting values and depreciation terms can be transferred to other areas
- E. Define how asset values post for accounting principles.
Answer: C,D,E
NEW QUESTION 29
Which information will be migrated automatically during an SAP S/4HANA finance migration? There are 3 correct answers to this question.
- A. Authorizations
- B. General ledger customizing
- C. Account balances
- D. Business partners customizing
- E. Material ledger customizing
Answer: A,C,E
NEW QUESTION 30
You run an assessment cycle, but no postings are made because the posting period is NOT open. Which period intervals do you need to maintain so that the results of the assessment can be posted without allowing other FI postings?
- A. Intervals 1 and 2
- B. Only interval 2
- C. Intervals 1 and 3
- D. Only interval 3
Answer: D
NEW QUESTION 31
Where do you assign the customer and vendor account groups when preparing for integration with the business partner (BP)? Note: There are 2 correct answers to this question.
- A. BP role
- B. BP category
- C. BP grouping
- D. BP role group
Answer: A,C
NEW QUESTION 32
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SAP P_S4FIN_2021 Certification Exam Topics:
| Topic Areas | Topic Details, Courses, Books |
|---|---|
| Management Accounting Configuration in SAP S/4HANA > 12% | Perform customizing for Management Accounting integration, configure and use the Material Ledger, explain integration of CO with materials management and integration of CO with sales and distribution, configure and use Profitability Analysis, and perform planning and budgeting for Management Accounting and period-end closing for Management Accounting. |
| Basics of SAP HANA, SAP S/4HANA and SAP Fiori < 8% | Explain the SAP HANA Architecture, the SAP S/4HANA solution and deployment, and SAP Fiori and the SAP UI strategy. |
| Architecture Overview of Financials in SAP S/4HANA > 12% | Describe the technical components and architecture of financials in SAP S/4HANA, the Universal Journal Architecture, and analyse the Universal Journal Entry; outline the Simple Finance Solution. |
| Financial Accounting Configuration in SAP S/4HANA > 12% | Describe the new master data maintenance model and explain the changes to authorizations. Describe the enhancement to Ledgers with the Universal Journal; customize and use the Extension Ledger functionality; configure and Use Document Splitting; post documents to Financial Accounting; perform closing operations, and explain Financial Accounting integration. |
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