[Aug-2022] Practice SAP P_S4FIN_2021 exam. Online Exam Practice Tests with detailed explanations! Pass P_S4FIN_2021 with confidence! [Q40-Q55]

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[Aug-2022] Practice SAP P_S4FIN_2021 exam. Online Exam Practice Tests with detailed explanations! Pass P_S4FIN_2021 with confidence! [Q40-Q55]

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Practice SAP Certified Application Professional P_S4FIN_2021 exam. Online Exam Practice Tests with detailed explanations! Pass P_S4FIN_2021 with confidence!

P_S4FIN_2021 – Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts Practice Tests 2022 | PremiumVCEDump

Q40. What is an advantage of selecting the multi-tenant edition of SAP S/4HANA Cloud instead of an On-premise SAP S/4HANA solution?

Faster innovation cycles

Fuller integration to external systems

Cloud platform compatibility

Support for all industries

Q41. A customer wants to store alternative values of a foreign currency valuation in an extension ledger. What extension ledger type is needed for this purpose? Please choose the correct answer.

Valuation

Extension

Prediction and commitments

Simulation

Q42. Your customer wants to convert their SAP ERP classic general ledger to SAP S/4HANA.
What system configuration options are available for the customer within the convened system? There are 2 correct answers to this question

Implementation of additional document splitting

Implementation of additional currency type

Implementation of chart of account conversion

Implementation of additional ledgers for parallel accounting

Q43. What does an administrator need to do in the SAP Fiori Gateway server in order to launch a native SAP Fiori application from the SAP Fiori Launchpad? Note: There are 2 correct answers to this question.

Activate the SAP Screen Personas flavor for the app.

Assign the SAP Fiori tile group to a role relevant for the user.

Activate the OData service relevant for the app.

Assign the SAP Fiori tile catalog to a role relevant for the user.

Q44. With SAP S/4HANA simplified logistics, which of the following are relevant to the material ledger? Note:
There are 2 correct answers to this question.

The migration of material ledger is required when SAP S/4HANA Finance is already used in the legacy system.

The material ledger uses the currencies defined in both the leading and non-leading ledgers.

The migration of material ledger is NOT required if SAP S/4HANA Finance is already used in the legacy system.

The material ledger with actual costing requires a periodic costing run to update inventory values.

Q45. Which of the following options in SAP S/4HANA 1809 is only possible in costing-based CO-PA and NOT in account-based CO-PA?

Sales order entry postings.

Manual postings.

Cost of goods sold (COGS) split per cost component.

Production variance split per variance category.

Q46. What restriction apply when a new currency is introduced for productive company codes and ledgers? 2 correct answers

Reconciliation for entities in asset accounting is not included

New currency fields are NOT updated for existing data

Calculated values are NOT added to the ACDOCA

Archived data cannot be enriched with the new currency

Q47. You activate account-based CO-PA (Profitability Analysis) during migration. How is the system affected?
There are 3 correct answers to this question.

Historical data will be enriched with characteristics by derivation

Cost based CO-PA can still be used in parallel

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

Value fields will be added to the universal Journal

Characteristics will be added to universal journal

Q48. You want to post intercompany asset transfer only for IFRS. Which objects can you specify in the transfer posting to achieve this? Note: There are 2 correct answers to this question.

Accounting principle

Transaction type

Depreciation area

Ledger group

Q49. Which technologies help you decrease data volume in the SAP HANA database? There are 2 correct answer to this question.

Indexing

Mirroring

Archiving

Aging

Q50. Your customer is implementing a new installation of SAP S/4HANA.
Which of the following technical components must be installed?

SAP Business Planning and Consolidation for SAP S/4HANA

SAP S/4HANA, embedded Business Warehouse

SAP NetWeaver Application Server

SAP Fiori for SAP S/4HANA

Q51. What does the Parallel Accounting Using G/ L Accounts indicator in ledger configuration allow you to do?

Assign 2 ledgers to 1 company code

Assign 2 or more Accounting principles to 1 Ledger

Assign 2 or more ledgers to 1 accounting principle

Assign 2 or more valuation areas to 1 company code

Q52. In the standard delivery system, what is the maximum of components you can use for the primary

140

160

Q53. What are the improvements to new cash pooling? There are 2 correct answers to this question.

The business user can define “expected amount” and “minimal movement amount” for every bank account without configuration.

The balance before concentration and the simulated balance after the concentration can be compared.

You can set deficit and excess tolerances. If the balance is between the tolerances, no transfer is made

Different payment methods for payment requests can be specified in different paying company codes.

Q54. What must you create before you can record commitments in the universal journal?

Non-leading standard ledger

Mapping for condition types

Extension ledger

CO version

Q55. For which Cases Can you Use SAP Product Lifecycle Costing? There are 2 correct answer to this question

Standard price cost estimates

Preliminary cost estimates

Quotation costing

Sales order cost estimates

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[Aug-2022] Practice SAP P_S4FIN_2021 exam. Online Exam Practice Tests with detailed explanations! Pass P_S4FIN_2021 with confidence! [Q40-Q55]

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