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P_S4FIN_2021 Training & Certification Get Latest SAP Certified Application Professional Updated on Jul 10, 2023

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To prepare for the SAP P_S4FIN_2021 exam, candidates can take advantage of a variety of study resources, including online courses, training materials, and practice exams. It is also recommended that candidates have practical experience working with SAP S/4HANA and financials in a real-world setting. By combining practical experience with study resources, candidates can increase their chances of passing the exam and obtaining the certification.

SAP P_S4FIN_2021 exam is a certification exam that tests the knowledge and skills of individuals in the financials module of SAP S/4HANA. P_S4FIN_2021 exam is designed for SAP ERP finance experts who want to gain expertise in the financials module of SAP S/4HANA. Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts certification exam is aimed at validating the skills of professionals who want to work as SAP application professionals in financials.

NO.37 Which of the following are available methods of valuation for depreciation areas? There are 3 correct answer to this question.

Calculate different values in a depreciation area for a specific purpose

Define how asset values post for accounting principles.

Calculate additional values for acquisition and product cost.

Define how posting values and depreciation terms can be transferred to other areas

Define show values, but do NOT post any values to the G/L accounts.

NO.38 What credit management organizational element is required for calculating the credit limit, and enables you to carry out detailed checks at business.

Credit segment

Credit control area

Sales area

Company code

NO.39 What is posted at the same time to both account-based and costing-based profitability analysis? There are 2 correct answer to this question

Actual revenue

Standard cost of goods sold

Incoming sales orders

Actual cost component splits of goods sold

NO.40 What SAP S/4HANA deployment option will cause the least business disruption for the average SAP end user?

Central finance

Private cloud

Public cloud

On premise

NO.41 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

NO.42 After the migration to SAP S/4HANA 1809, you notice in the currency configuration of the company code that the global currency has the “Currency Is Only Available In Controlling” indicator. What might be the cause of this?

Before the migration, the company code did NOT have any parallel currencies defined.

Before the migration, the company code was NOT linked to a controlling area

Before the migration, the group currency of the controlling area was defined as a parallel currency – in the company code.

The controlling area linked to the company code was defined with currency type 20

NO.43 In a first step, you create an account with account type “secondary cost element” and cost element category “42” in controlling area A000 and company code 1010. In a second step, you change this account to cost category “43” in company code 1750, which is assigned to the same controlling are a. What is the effect in the system when you save this account?

This system brings up an error message and rejects the change

The cost element category in the account is also changed for company code 1010

The user is asked which categorywill be used in the future

The cost element category is different in the two company codes

NO.44 What system configuration in your customers current SAP ERP system will have a major effect on the duration and complexity of the system conversion to S/4HANA?

The customers uses the accounts approach for parallel accounting.

The system uses classic asset account to manage fixed assets

The system has document splitting activated for all company codes

The customer does NOT use business partners to manage customers and suppliers

NO.45 Your company code is configured with three depreciation areas that post in real time The company is configured to update company code and group currency types. How many documents are posted when you post a partial scrapping for a single depreciation area?

NO.46 What open period is checked by the third interval of the Open Posting Periods variant in financial accounting?

Postings with a special authorization group

Postings to special periods

Postings to FI Subledgers

Postings from CO to FI

NO.47 Which ledger-specific configuration can you maintain at company code level? There are 2 correct answer to this question.

Posting period variant

Financial statement version

Fiscal year variant

Field status variant

NO.48 Which values are stored in the universal journal (ACDOCA)? There are 2 correct answer to this question.

Parallel currencies

Actual costing results

Transfer Prices

Plan data

NO.49 How can financial data be stored in the SAP S/4HANA system tables? Note: There are 2 correct answers to this question.

There can be a line item in BSEG without a corresponding document in BKPF.

There can be a line item added in BSEG without a corresponding line item in ACDOCA.

There can be a line item in ACDOCA without a corresponding line item in BKPF.

There can be a line item in ACDOCA without a corresponding line item in BSEG.

NO.50 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.

NO.51 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.

Classic Credit Management

Cash Management

Accrual Engine

Special Purpose Ledger

Costing-based CO-PA

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