SAP P_S4FIN_2021 SAP Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts Online Training
SAP P_S4FIN_2021 Online Training
The questions for P_S4FIN_2021 were last updated at Dec 19,2024.
- Exam Code: P_S4FIN_2021
- Exam Name: SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts
- Certification Provider: SAP
- Latest update: Dec 19,2024
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.
- 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.
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.
- A . Currency type
- B . Accounting principle
- C . Document type
- D . Valuation area
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? Note: There are 2 correct answers to this question.
- A . Margin analysis: no specific customizing is necessary
- B . Costing-based CO-PA: no specific customizing is necessary
- C . Margin analysis: assign different accounts (assignment of different accounts is necessary)
- D . Costing-based CO-PA: assign different value fields (assignment of different value fields is necessary)
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 area.
What is the effect in the system when you save this account?
- A . The system brings up an error message and rejectsthe change.
- B . The cost element category is different in the two company codes.
- C . The cost element category in the account is changed back to "42" for company code 1750.
- D . The cost element category in the account is changed for both company codes
Your customer uses the ledger approach to multiple valuation. During conversion to SAP S/4HANA, which configurations will be required? Note: There are 2 correct answers to this question.
- A . Convert all accounts of parallel valuations to reconciliation accounts
- B . Assign accounting principles to all real and derived depreciation areas.
- C . Define the document type for the accounting-principle-specific documents.
- D . Configure delta depreciation areas to no longer post to the general ledger
You activate account-based CO-PA (Profitability Analysis) during migration.
How is the system affected? Note: There are 3 correct answers to this question.
- A . Cost-based CO-PA can still be used in parallel.
- B . Characteristics will be added to the universal journal.
- C . Value fields will be added to the universal journal.
- D . Historical data will be enriched with characteristics by derivation
- E . Cost component split (COGS) can be configured in financial accounting.
What data for asset accounting is stored in the universal journal? Note: There are 2 correct answers to this question.
- A . Actual depreciations of all depreciation areas that are set to post depreciation periodically
- B . Actual depreciations of the controlling depreciation area used for management valuations
- C . Acquisition and production cost values of all depreciation areas that are assigned to an accounting principle
- D . Acquisition and production cost values of all depreciation areas that are defined as real depreciation areas
Which of the following is a prerequisite to activate takeover values between depreciation areas?
- A . Takeover values are possible across all depreciation areas.
- B . Only one depreciation area per chart of depreciation is assigned 00.
- C . Depreciation areas must be assigned to the same accounting principles
- D . Takeover values are no longer supported in SAP S/4HANA.
Your customer currently uses classic G/L and asks what new functionalities can be implemented during an SAP standard conversion to SAP S/4HANA.What functionality can you activate?
- A . Additional parallel currency
- B . Document splitting
- C . Margin analysis
- D . Additional standard ledger
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.
- A . A non-leading ledger
- B . The summarization in ACDOCA
- C . An extension ledger
- D . Zero balance indicator for profit center
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