SAP P_S4FIN_2021 Exam Questions Instant Access

Question 1

You want to sell products from stock. What do you need to maintain before you can analyze the cost of goods sold (COGS) subdivided by cost components in account-based CO-PA? Note: There are 2 correct answers to this question

AA cost splitting profile in general ledger accounting

BA settlement profile to control the settlement of cost portions

CA collection of primary cost elements to receive the cost portions

DAn extension ledger with type 'Line items with technical numbers'

Answer : A, C

Question 2

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

ALine items with technical numbers/ no deletion possible

BStandard journal entries

CJournal entries for valuation differences

DLine items with technical numbers/ deletion possible

Answer : A

Question 3

In Controlling, what is a mandatory customizing step when converting a system to SAP S/4HANA?

AMigrate the material ledger.

BConfigure accounts for COGS split.

CCreate document type for CO postings.

DActivate attributed profitability analysis

Answer : D

Question 4

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 5

Which of the following components are obsolete and require migration activities during a standard conversion to SAP S/4HANA?Note: There are 3 correct answersto this question.

AClassic Credit Management

BCash Management

CAccrual Engine

DSpecial Purpose Ledger

ECosting-based CO-PA

Answer : A, D, E

Question 6

Your customer has created a custom ABAP report in an SAP ERP system based on totalstable GLTO.How is this totals table treated in SAP S/4HANA to safeguard custom ABAP reporting programs?

AThe table GLTO has been removed and replaced by a compatibility view.

BThe table GLTO has been removed but its content has been added to table ACDOCA thanks to accompatibility view.

CThe table GLTO has been kept but a compatibility view has been generated to read its content.

DThe table GLTO has been archived but its content has been added to table ACDOCA thanks to a compatibility view.

Answer : A

Question 7

In your company code, you report on profit center and segment level. You post a single invoice document for office supplies that has multiple expense line items per profit center. What document splitting process does the system use to assign the correct profit centers and segments to the bank account line item when you post a payment for the invoice?

ADocument splitting default account assignment

BActive document splitting

CDocument splitting inheritance

DPassive document splitting

Answer : B

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