Questions for the P-S4FIN-2021 were updated on : Jul 20 ,2024
Page 1 out of 13. Viewing questions 1-15 out of 186
Question 1
Your customer has an SAP ERP system with classic G/L accounting and wants to convert to SAP S/4HANA as soon as possible during the current fiscal year. Which limitations apply in SAP S/4HANA? There are 3 correct answer to this question.
A. You cannot continue to use the consolidation staging ledger
B. You must define valuation areas for foreign currency valuation
C. You must use the accounts approach to parallel valuation
D. You cannot configure and activate document splitting
E. You must configure profit center and segment accounting
Answer:
A, D, E
User Votes:
A
50%
B
50%
C
50%
D
50%
E
50%
Discussions
0/ 1000
Question 2
Which of the following components are obsolete are require migration activities during a Statistical There are 3 correct answers to this question.
A. Cash Management
B. Special purpose ledger
C. Accrual engine
D. Classic credit management
E. Costing based CO- PA
Answer:
A, B, D
User Votes:
A
50%
B
50%
C
50%
D
50%
E
50%
Discussions
0/ 1000
Question 3
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. Run "calculate depreciation" (transition AFAR) for fiscal year 2021
B. Post revaluation and new valuation (transition AR29N) for fiscal year 2020
C. Run the fiscal year change (transition FAA_CMP) to close fiscal year 2019
D. Post all depreciation (transaction AFAB) for the fiscal year 2020
Answer:
C
User Votes:
A
50%
B
50%
C
50%
D
50%
Discussions
0/ 1000
Question 4
You are converting your system to SAP S/4HAN
A. Change all company codes to fiscal year variant K4
B. Change all company codes to fiscal year variant K2
C. Change all company codes and the controlling area to fiscal year variant K2
D. Change the controlling area to fiscal year variant K3.
Answer:
A
User Votes:
A
50%
B
50%
C
50%
D
50%
Discussions
0/ 1000
Question 5
You want to convert your system from an account solution into a ledger solution without a prior new G/ L migration project. Which scenario can be used? NOTE: There are 2 correct answers to this question.
A. Selective data transition
B. System conversion (Brownfield)
C. Central Finance
D. New Implementation (greenfield)
Answer:
C, D
User Votes:
A
50%
B
50%
C
50%
D
50%
Discussions
0/ 1000
Question 6
You want to create a balance sheet and profit & loss statement on segment level. Which steps do you need to take in the system? There are 2 correct answers to this question
A. Assign a segment to all G/L accounts
B. Set the zero balance indicator
C. Define a clearing account
D. Define a PA transfer structure
Answer:
B, C
User Votes:
A
50%
B
50%
C
50%
D
50%
Discussions
0/ 1000
Question 7
You are converting your system to SAP S/4HAN
A. insurance values in the asset master record
B. non-posting depreciation areas
C. year-end closing
D. segment and profit centre reporting
Answer:
B
User Votes:
A
50%
B
50%
C
50%
D
50%
Discussions
0/ 1000
Question 8
In your system. You are creating a new company code that requires as additional standard ledger. Which statements apply to a standard ledger? There are 2 correct answer to this question
A. It will generate additional line items in ACDOCA for non-ledger-specific postings
B. It is always active on the system level for all company codes
C. It must be assigned to underlying ledger
D. If asset accounting is used depreciation area must be assigned
Answer:
A, D
User Votes:
A
50%
B
50%
C
50%
D
50%
Discussions
0/ 1000
Question 9
What must you create before you can record commitments in the universal journal?
A. Non-leading standard ledger
B. Mapping for condition types
C. Extension ledger
D. CO version
Answer:
C
User Votes:
A
50%
B
50%
C
50%
D
50%
Discussions
0/ 1000
Question 10
Which transactions generate a prima nota entry in the system in addition to the universal journal entry? There are 2 correct answers to this question
A. Post time sheet data to Controlling (CAT7)
B. Post FI supplier invoice (FB70)
C. Settlement of internal order (K088)
D. Assessment cycle of cost centers (KSUS)
Answer:
A, B
User Votes:
A
50%
B
50%
C
50%
D
50%
Discussions
0/ 1000
Question 11
On what level can you assign a fiscal year variant to a company code?
A. Valuation area
B. Depreciation area
C. Ledger
D. Accounting principle
Answer:
C
User Votes:
A
50%
B
50%
C
50%
D
50%
Discussions
0/ 1000
Question 12
What do you configure to enable the automatic creation of a vendor when you create a business partner? There are 2 correct answers to this question
A. The partner functions for vendors
B. The Business partner grouping key
C. The customer/vendor integration interface
D. The incoterms for vendors
Answer:
B, C
User Votes:
A
50%
B
50%
C
50%
D
50%
Discussions
0/ 1000
Question 13
You 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 the close years can be ignored
B. Errors must be clarified and uncritical errors must be ignored
C. All errors must be corrected during migration to complete it
D. Critical errors must be resolver in the production system before Go-live
Answer:
C, D
User Votes:
A
50%
B
50%
C
50%
D
50%
Discussions
0/ 1000
Question 14
In which of the possible scenarios can you indicate that an account is also a statistical cost elements? There are 2 correct answer to this question.
A. It is used as balance sheet account in fixed asset accounting
B. It is used a work in progress (WIP) inventory account in the material account assignment
C. It is used as special reserve balance account in fixed asset accounting
D. It is used as inventory account in the material account assignment
Answer:
A, B
User Votes:
A
50%
B
50%
C
50%
D
50%
Discussions
0/ 1000
Question 15
You want to post values of the incoming sales order to both account-based CO-PA and Costing based CO-PA. What do you need to maintain? NOTE: There are 3 correct answers to this question
A. Creative statistical cost elements for cost and revenues of incoming sales orders
B. Activate the transfer of incoming sales orders
C. Activate predictive accounting for incoming sales orders
D. Setup an extension ledger with type "line items with technical numbers"
E. Activate the indicator for incoming sales orders in the attributes view of the operating concerns