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P_S4FIN_2021 SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts Questions and Answers

Questions 4

In an SAP S/4HANA system, which of the following features is mandatory?

Options:

A.

Material ledger

B.

Parallel ledgers

C.

Actual costing

D.

Margin analysis

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Questions 5

In your system you have multiple standard ledgers .Which values can be posted to a single ledger? Note: There are 3 correct answers to this question.

Options:

A.

Accruals

B.

Currency valuation

C.

Taxes

D.

Depreciation

E.

Payments

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Questions 6

In Controlling, what is a mandatory customizing step when converting a system to SAP S/4HANA?

Options:

A.

Migrate the material ledger.

B.

Configure accounts for COGS split.

C.

Create document type for CO postings.

D.

Activate attributed profitability analysis

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Questions 7

Which type of extension ledger do you set up to record incoming sales orders for account-based profitability analysis?

Options:

A.

Line items with technical numbers/ no deletion possible

B.

Standard journal entries

C.

Journal entries for valuation differences

D.

Line items with technical numbers/ deletion possible

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Questions 8

How can you set up multiple valuations for transfer pricing in your SAP S/4HANA system? Note: There are 2 correct answers to this question.

Options:

A.

You can assign each valuation to a separate ledger.

B.

You can assign additional valuations to separate accounts.

C.

You can assign additional valuations to the extension ledgers.

D.

You can assign profit center, group, and legal valuations to the same ledger.

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Questions 9

In which cases can you use a transfer price for goods movement in parallel valuation? Note: There are 2 correct answers to this question.

Options:

A.

Between two accounting principles

B.

Between two company codes

C.

Between two profit centers

D.

Between two storage locations

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Questions 10

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.

Options:

A.

Custom Code Check

B.

Global Performance Analysis

C.

Authority Check

D.

SAP Readiness Check

E.

Simplification Item-Check

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Questions 11

You create a G/L account and set the cost element category to 42 (assessment).In what table isthe cost element category updated?

Options:

A.

SKB1

B.

CSKA

C.

SKA1

D.

CSKB

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Questions 12

You are converting yoursystem to SAP S/4HANA. In yoursystem, you have:Three company codes assigned to a single controlling area. Controlling area is assigned to fiscal year variant K4. Two company codes assigned to fiscal year variant K2. One company code assigned to variant K3.During conversion to SAP S/4HANA, what do you need to change?

Options:

A.

Create a new fiscal year variant (for example Z4) and assign it to all company codes and the controlling area.

B.

Change all company codes to fiscal year variant K4.

C.

Change all company codes to fiscal year variant K2.

D.

Change all company codes and the controlling area to fiscal year variant K2.

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Exam Code: P_S4FIN_2021
Exam Name: SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts
Last Update: Mar 25, 2024
Questions: 80

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