SAP P_S4FIN_2021 Exam Practice Test Instant Access

Question 1

You run foreign currency valuation for both local and international GAAP. This leads to different values for the two different accounting principles. How can you set this up in the system?

ADefine two valuation methods and assign the accounting principles to the new valuation methods

BDefine a valuation area and an accounting principle with relevant links to ledgers.

CDefine two valuation areas and two accounting principles with relevant links to ledgers.

DDefine a valuation area and ledger group for two ledgers to link with the new valuation area

Answer : C

Question 2

You post a payment to a supplier invoice. In the universal journal table, you see that more line items are created than were visible in the document entry view. Which configuration may have caused the additional line items? Note: There are 2 correct answers to this question.

AA non-leading ledger

BThe summarization in ACDOCA

CAn extension ledger

DZero balance indicator for profit center

Answer : B, C

Question 3

You activate account-based CO-PA (Profitability Analysis) during migration. How is the system affected? Note: There are 3 correct answers to this question.

ACost-based CO-PA can still be used in parallel.

BCharacteristics will be added to the universal journal.

CValue fields will be added to the universal journal.

DHistorical data will be enriched with characteristics by derivation

ECost component split (COGS) can be configured in financial accounting.

Answer : A, B, E

Question 4

You post an asset acquisition with a purchase order. How is the asset acquisition value posted?

AValuated acquisition is posted at settlement

BValuated acquisition is posted at invoice receipt.

CNon-valuated acquisition is posted at invoice receipt.

DNon-valuated acquisition is posted at goods receipt-

Answer : C

Question 5

A document can have up to 999999 line items in the universal journal (reporting or G/L view).How does this affect the entry view table

AIt is still limited to 999 line items but you can configure summarization on certain criteria.

BIt is automatically extended to 999999 line items.

CIt is now a compatibility view without number restrictions.

DIt is still limited to 999 line items but the system automatically splits the single entry into multiple documents as required

Answer : A

Question 6

What restrictions apply when a new currency is introduced for productive company codes and ledgers? Note: There are 2 correct answers to this question.

AReconciliation for entities in asset accounting is NOT included.

BArchived data CANNOT be enriched with the new currency.

CNew currency fields are NOT updated for existing data.

DCalculated values are NOT added to the ACDOCA.

Answer : A, B

Question 7

Which values are stored in the universal journal (ACDOCA)?Note: There are 2 correct answers to this question.

ATransfer prices

BActual costing results

CParallel currencies

DElimination of intercompany postings

Answer : A, C

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