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SAP P_S4FIN_2021 SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts Exam Practice Test

Demo: 12 questions
Total 80 questions

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

Question 1

Which data is converted during an SAP S/4HANA standard conversion?

Options:

A.

Only company codes and years selected in the customizing for migration

B.

Only company codes selected in the customizing for migration for all the years

C.

All company codes for the years you specify

D.

All company codes with all data of all years

Question 2

What data for asset accounting is stored in the universal journal? Note: There are 2 correct answers to this question.

Options:

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

Question 3

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.

Options:

A.

Classic Credit Management

B.

Cash Management

C.

Accrual Engine

D.

Special Purpose Ledger

E.

Costing-based CO-PA

Question 4

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?

Options:

A.

4

B.

3

C.

1

D.

2

Question 5

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

Options:

A.

The partner functions for vendors

B.

Business partner relationships

C.

The customer/vendor integration interface

D.

The business partner grouping key

Question 6

What must you create before you can record commitments in the universal journal?

Options:

A.

Extension ledger

B.

Tolerance profile

C.

Statistical cost elements

D.

Document type

Question 7

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

Options:

A.

Memo records

B.

Payment methods

C.

Record types

D.

Payment terms

Question 8

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.

Options:

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

Question 9

What SAP S/4HANA deployment option will cause the least business disruption for the average SAP end user?

Options:

A.

Central finance

B.

On premise

C.

Private cloud

D.

Public cloud

Question 10

You are converting your system to SAP S/4HANA.Which functionality became obsolete in S/4HANA in Asset Accounting and needs to be migrated before conversion?

Options:

A.

Depreciation areas for parallel currencies

B.

Non-posting depreciation areas

C.

Year-end closing

D.

Insurance values in the asset master records

Question 11

On what level can you assign a fiscal year variant to a company code?

Options:

A.

Ledger group, for standard ledger type

B.

Ledger, for any type of ledger

C.

Ledger, forstandard ledger type

D.

Ledger group, for any type of ledger

Question 12

Before conversion to SAP S/4HANA, which activities must be completed in the SAP ERP system for Asset Accounting? Note: There are 3 correct answers to this question.

Options:

A.

Define depreciation areas for all currency types.

B.

Activate enterprise extension EA-FIN.

C.

Define a technical clearing account for integrated acquisitions

D.

Assign accounting principles to all depreciation areas

E.

Close all fiscal years except the current one.

Demo: 12 questions
Total 80 questions