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P_S4FIN_2021 SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021) Questions and Answers

Questions 4

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

Options:

A.

Reconciliation for entities in asset accounting is NOT included.

B.

Archived data CANNOT be enriched with the new currency.

C.

New currency fields are NOT updated for existing data.

D.

Calculated values are NOT added to the ACDOCA.

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Questions 5

In which of the possible scenarios can you indicate that an account is also a statistical cost element?Note: There are 2 correct answers to this question.

Options:

A.

It is used as WIP account from price differences in the material account assignment

B.

It is used as balance sheet account for APC costsin fixed asset accounting.

C.

It is used as inventory account (BSX) in the material account assignment.

D.

It is used as special reserve balance account in fixed asset accounting.

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Questions 6

Which type of extension ledger do you set up to record incoming sales orders for account-based profitability analysis?

Options:

A.

Line items with technical numbers/ no deletion possible

B.

Standard journal entries

C.

Journal entries for valuation differences

D.

Line items with technical numbers/ deletion possible

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Questions 7

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?

Options:

A.

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

B.

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

C.

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

D.

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

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Questions 8

Which objects do you need to configure in SAP S/4HANA after a conversion from classic G/L to SAP S/4HANA? Note: There are 2 correct answers to this question.

Options:

A.

Currency type

B.

Accounting principle

C.

Document type

D.

Valuation area

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Questions 9

For which functionality is a productive material ledger a prerequisite ? Note: There are 2 correct answers to this question.

Options:

A.

Parallel update of the two types of profitability analysis

B.

Actual costing

C.

Actual activity price determination

D.

Parallel valuation for transfer pricing

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Questions 10

Which checks can you run directly in an SAP ECC system to support the planning of a standard SAP S/4HANA conversion project? Note: There are 3 correct answers to this question.

Options:

A.

Custom Code Check

B.

Global Performance Analysis

C.

Authority Check

D.

SAP Readiness Check

E.

Simplification Item-Check

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Questions 11

At which level is the migration run for finance data performed?

Options:

A.

Company code

B.

Client

C.

Operating concern

D.

Controlling area

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Questions 12

What do you manage within cash operations of SAP Cash Management? Note: There are 2 correct answers to this question.

Options:

A.

Bank risk analysis and risk mitigation

B.

Credit limits for customer accounts

C.

Daily cash position, deficits, and surpluses

D.

Hedging and hedging contracts

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Exam Code: P_S4FIN_2021
Exam Name: SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021)
Last Update: May 6, 2024
Questions: 80
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