SAP P_S4FIN_2021 Dumps - Pass P_S4FIN_2021 Exam With Best Scores

SAP P_S4FIN_2021 Dumps – Pass P_S4FIN_2021 Exam With Best Scores

Jonnie Karnath2023-06-27T06:13:00+00:00

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1. 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.

Convert all accounts of parallel valuations to reconciliation accounts

Assign accounting principles to all real and derived depreciation areas.

Define the document type for the accounting-principle-specific documents.

Configure delta depreciation areas to no longer post to the general ledger

2. 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

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

It is automatically extended to 999999 line items.

It is now a compatibility view without number restrictions.

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

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

Bank risk analysis and risk mitigation

Credit limits for customer accounts

Daily cash position, deficits, and surpluses

Hedging and hedging contracts

4. Your customer wants to maintain the current customer and supplier account numbers even after migrating to business partners. The customer also wants to ensure the account numbers continue to be aligned after the conversion.

What settings must be made to ensure this? Note: There are 2 correct answers to this question

Use internal number ranges in the customer and supplier account groups after the conversion

Use internal number ranges in the BP groupings after the conversion

Use external number ranges in the customer and supplier account groups for the conversion.

Use external number ranges in the BP groupings for the conversion.

5. Which settings are allowed for open item management for the GR/IR account? Note: There are 2 correct answers to this question.

Reconciliation account

Classic open item management

Extended open item management

Ledger specific open item management

6. Which ledger-specific configuration can you maintain at company code level? Note: There

are 2 correct answers to this question.

The financial statement version for both types of ledgers

The fiscal year variant for the standard ledger

The valuation view for the extension ledger

The posting period variant for the extension ledger

7. You want to configure an extension ledger.

Which steps do you need to take? Note: There are 2 correct answers to this question.

Select an underlying ledger for the extension ledger.

Specify allowed currency types for the extension ledger

Specify the document type for the extension ledger.

Assign a fiscal year variant to the extension ledger

8. In your SAP S/4HANA system, you use the accounts approach for parallel valuation and report financial values for three separate accounting principles. You post an acquisition for an asset that is capitalized in a single accounting principle.

If you use the application for posting integrated asset acquisitions, how many documents will the system post?

9. Which object acts as a data source for Cash Management (Cash Flow Analyzer) in SAP S/4HANA?

Memo records

Payment methods

Record types

Payment terms

10. Which transactions generate a prima nota entry in the system in addition to the universal journal entry? Note: There are 2 correct answers to this question

Post time sheet data to Controlling (CAT7)

Post FI supplier invoice (FB60)

Settlement of internal order (K088)

Assessment cycle of cost centers (KSU5)

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11. You want to create a balance sheet and profit & loss statement on segment level.

Which steps do you need to take in the system? Note: There are 2 correct answers to this question.

Set the zero balance indicator.

Define a PA transfer structure.

Define a clearing account.

Assign a segment to all G/L accounts

12. On which levels can you assign semantic tags to a financial statement version in SAP Fiori? Note: There are 3 correct answers to this question.

Financial statement item

Functional area

Business area

G/L account

Segment

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

Parallel update of the two types of profitability analysis

Actual costing

Actual activity price determination

Parallel valuation for transfer pricing

14. 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?

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

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

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

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

15. Which of the following is a prerequisite to activate takeover values between depreciation areas?

Takeover values are possible across all depreciation areas.

Only one depreciation area per chart of depreciation is assigned 00.

Depreciation areas must be assigned to the same accounting principles

Takeover values are no longer supported in SAP S/4HAN

16. 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.

Currency type

Accounting principle

Document type

Valuation area

17. 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.

Custom Code Check

Global Performance Analysis

Authority Check

SAP Readiness Check

Simplification Item-Check

18. How many digits for the amount field on the financial document line item level are supported in the universal journal

19. In the standard delivery system, what is the maximum number of components you can use for the primary cost component split of activities and the cost component split of cost of goods sold?

160

120

100

20. 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.

SAP Standard Conversion

New implementation

Selective Data Transition

Chart of Accounts Conversion

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21. What do you configure to automatically create a vendor when you create a business partner? Note: There are 2 correct answers to this question.

The partner functions for vendors

Business partner relationships

The customer/vendor integration interface

The business partner grouping key

22. What can you do with SAP S/4HANA Accrual Management?

Post planned accrual amounts in table ACDOCP and analyze them in reports.

Automatically calculate accruals for purchase orders with posted valuated goods receipt.

Automatically calculate accruals for asset acquisitions (direct capitalization) with purchase orders.

Post and analyze accruals in all currencies defined for the general ledger.

23. Your customer wants to convert their SAP ERP New G/L ledger solution to SAP S/4HANA.Which system configuration options are available for the customer after the conversion project is finalized? Note: There are 2 correct answers to this question.

Implementation of real-time integration of controlling to financial accounting

Implementation of chart of accounts conversion

Implementation of an additional standard ledger for parallel accounting

Implementation of document splitting

24. You activate account-based CO-PA (Profitability Analysis) during migration.

How is the system affected? Note: There are 3 correct answers to this question.

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

Characteristics will be added to the universal journal.

Value fields will be added to the universal journal.

Historical data will be enriched with characteristics by derivation

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

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SAP P_S4FIN_2021 Dumps – Pass P_S4FIN_2021 Exam With Best Scores

SAP P_S4FIN_2021 Dumps – Pass P_S4FIN_2021 Exam With Best Scores

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