Latest P-S4FIN-2021 Exam Dumps SAP Exam from Training Expert PrepAwayExam [Q17-Q37]

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Latest P-S4FIN-2021 Exam Dumps SAP Exam from Training Expert PrepAwayExam

Pass SAP Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts PDF Dumps | Recently Updated 82 Questions

NEW QUESTION 17
What processes do you perform as part of liquidity management? Note: There are 3 correct answers to this question.

Review credit standing

Forecast balances

Post credit memos

Monitor cash flow

Perform planning

NEW QUESTION 18
Which processes create an artificial controlling document? 2 correct answers

FI posting of primary costs to production order

Stock material consumption on project

Internal activity allocation to sales order

Assessment from cost center to account based profitability analysis

NEW QUESTION 19
Your customer uses SAP ERP on any database with EHP 8, classic G/L with accounts approach, and more than 10 years’ worth of dat a. What can you do in separate projects before the SAP S/4HANA conversion to reduce the complexity of your conversion project? Note: There are 2 correct answers to this question.

Launch customer-vendor integration for the business partner.

Implement an archiving project.

Adopt new Asset Accounting.

Create a backup.

NEW QUESTION 20
Your customer wants a new ERP solution and is looking at the SAP S/4HANA software. The customer has a skilled in-house IT team that they want to upskill and keep moving the forward. They want maintain a filly customizable solution without completely disrupting their current processes. Which SAP S/4HANA solution will you propose?

On-premise

Public cloud

Hybrid

Private cloud

NEW QUESTION 21
Which of the following components are obsolete are require migration activities during a Statistical There are 3 correct answers to this question.

Cash Management

Special purpose ledger

Accrual engine

Classic credit management

Costing based CO- PA

NEW QUESTION 22
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

NEW QUESTION 23
Your customer has created a custom ABAP report in an SAP ERP system based on totals table GLTO. How is this totals table treated in SAP S/4HANA to safeguard custom ABAP reporting programs?

The entries of the table are converted into column store

The content of the table is deleted and compatibility view is generated

The balances of the table are posted as additional line items in the universal journal.

The table is treated as a transient provider using BW query functionality

NEW QUESTION 24
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

NEW QUESTION 25
You are performing a legacy asset data transfer in your SAP S/4HANA system. Your fiscal year end date is December 31.2017 and your asset transfer date is February 26 2018.Which of the following values do you need to provide during legacy asset transfer? Note: There are 3 correct answers to this question.

Unplanned depredation values ^

Ordinary depreciation values

Revaluation value

Acquisition and production costs

Accumulated depreciation values

NEW QUESTION 26
What is the earliest point in time that the attributed profitability segments can be derived?

When you settle the cost to profitability analysis

When you run result the analysis for cost objects

When you post the primary cost document

When you run the realignment in profitability analysis

NEW QUESTION 27
If a customer decides to deploy SAP S/4HANA Cloud instead of SAP S/4HANA on premise, what distinct benefits will the customer gain? Note: There are 3 correct answers to this question

Automatic updates every 3 months

Higher degree of customization

Faster initial implementation

Seamless adoption of the existing processes

Personalization through self-service configuration

NEW QUESTION 28
What is required to enable the payment approval process in cash operations? There are 3 correct answers to this question.

Create rule to require signature

Create scenario without approval

Define a grouping method for the rule you defined

Create a rule for approvals

Define signature methods for approvals

NEW QUESTION 29
In your system, you are creating a new company code that requires an additional standard ledger.Which statements apply to a standard ledger?Note: There are 2 correct answers to this question.

It must be assigned to an underlying ledger.

It will generate additional line items in ACDOCA for non-ledger-specific postings.

It is always active on the system level for all company codes.

If asset accounting is used, a depreciation area must be assigned.

NEW QUESTION 30
What can you do in the Cockpit view of SAP Product Lifecycle Costing?

Receive an overview of the available master data

Manage calculation versions.

View the costing structure.

Define global settings for currencies and units of measure.

NEW QUESTION 31
What can you do with SAP S/4HANA accrual management?

Post planned accrual amounts in table ACDOCP and analyse them in reports

Carry forward accruals to future years independent of the other ledger values

Automatically calculate accruals for asset acquisitions with purchase orders

Post and analyse accruals in all currencies defined for the general ledger

NEW QUESTION 32
Which fields do you maintain when defining the source ledger for migration of balances? There are 2 correct answer to this question.

Company Code

Period

Year

Source table

NEW QUESTION 33
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

Assign a segment to all G/L accounts

Set the zero balance indicator

Define a clearing account

Define a PA transfer structure

NEW QUESTION 34
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 method

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

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

Define a valuation area and extension ledger to link with the new valuation area

NEW QUESTION 35
You extend the coding block in the universal journal with a custom field. Which components can use this new field without requiring further customization? Note: There are 2 correct answers to this question.

Classic profit center accounting.

Account-based CO-PA

General ledger accounting

Costing-based CO-PA

NEW QUESTION 36
What is the earliest point in time that the attributed profitability segments can be derived?

When you settle the cost to margin analysis

When you run the top-down distribution in margin analysis

When you assess the costs to margin analysis using the universal allocation

When you post the primary cost document to a WBS element

NEW QUESTION 37
You create a new G/L account. Which G/L account type can you assign? There are 2 correct answer to this question

Assessment Costs

Internal Activity Costs

Primary Costs or Revenue

Secondary Costs

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SAP P_S4FIN_2021 certification exam is highly valued in the industry and is an essential qualification for professionals who want to advance their careers in the field of financial management. Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts certification validates the skills and knowledge of SAP S/4HANA finance experts and demonstrates that they have the expertise to manage complex financial processes in SAP S/4HANA. The knowledge and skills gained through the certification process can help professionals to advance their careers, increase their earning potential, and contribute more effectively to their organizations.

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