SAP P_S4FIN_2021 Exam Practice Test Instant Access

Question 1

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

AAssign 2 or more ledgers to 1 accounting principle

BAssign 2 or more accounting principles to 1 valuation area

CAssign 2 or more accounting principles to the non-leading ledger

DAssign 2 or more accounting principles to the leading ledger

Answer : D

Question 2

Your customer has an SAP ERP system with classic G/L accounting and wants to convert directly to SAP S/4HANA as soon as possible during the current fiscal year via standard conversion. Which limitations apply in SAP S/4HANA? Note: There are 3 correct answers to this question.

AYou must use the accounts approach to parallel valuation.

BYou must define valuation areas for foreign currency valuation.

CYou must configure profit center and segment accounting.

DYou cannot configure and activate document splitting during conversion.

EYou must continue to use Special Purpose Ledger for preparation for consolidation.

Answer : C, D, E

Question 3

How many digits for the amount field on the financial document line item level are supported in the universal journal

A13

B21

C17

D23

Answer : D

Question 4

You maintain a launchpad for users who are assigned to the Z_MANACC role. What do you need to do to make an app available for the users?

AAdd the app to a group that is assigned to the Z_MANACC role

BAssign the app directly to the Z_MANACC role and add the app to a group.

CAssign the app directly to the Z_MANACC role and add the app to a catalog.

DAdd the app to a catalog that is assigned to the Z_MANACC role.

Answer : D

Question 5

Which transactions generate a prima nota entry in the system in addition to the universal journal entry? Note: There are 2 correct answers to this question

APost time sheet data to Controlling (CAT7)

BPost FI supplier invoice (FB60)

CSettlement of internal order (K088)

DAssessment cycle of cost centers (KSU5)

Answer : A, B

Question 6

In a first step, you create an account with account type "secondary cost element" and cost element category "42" in controlling area A000 and company code 1010.In a second step, you change this account to cost element category "43" in company code 1750, which is assigned to the same controlling are

a. What is the effect in the system when you save this account?

AThe system brings up an error message and rejectsthe change.

BThe cost element category is different in the two company codes.

CThe cost element category in the account is changed back to '42' for company code 1750.

DThe cost element category in the account is changed for both company codes

Answer : D

Question 7

You start your first sandbox migration and get a lot of errors.How are errors handled in an SAP S/4HANA migration? Note: There are 2 correct answersto this question.

ACritical errors must be resolved in the production system before Go Live.

BAll errors related to closed years can be ignored.

CErrors must be clarified, and uncritical errors can be accepted

DAll errors must be corrected before SUM (Software Update Manager)starts.

Answer : A, D

SAP P_S4FIN_2021 SAP Certified Professional - Financials in SAP S/4HANA 2021 for SAP ERP Finance Experts Exam Practice Test