P_S4FIN_2021 Online Practice Questions and Answers

You run an assessment cycle for cost centers, but no postings are made because the posting period is NOT open. Against which period interval is the check being made?

A. First interval 3, then intervals 1and2 if interval 3 is not maintained

B. First interval 3, then interval 2 if interval 3 is not maintained

C. Only interval 3, no other intervals checked if interval 3 is not maintained

D. First interval 3, then interval 1 if interval 3 is not maintained

You start your first sandbox migration and get a lot of errors.

How are errors handled in an SAP S/4HANA migration? (Choose two.)

A. All errors must be corrected before SUM (Software Update Manager) starts.

B. Critical errors must be resolved in the production system before Go Live.

C. Errors must be clarified, and uncritical errors can be accepted.

D. All errors related to closed years can be ignored.

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

A. Ledger group, for standard ledger type

B. Ledger, for any type of ledger

C. Ledger group, for any type of ledger

D. Ledger, for standard ledger type

What is posted at the same time to both account-based and costing-based profitability analysis? (Choose two.)

A. Incoming sales orders

B. CO-PA valuated insurance costs

C. Actual revenue

D. Standard cost of goods sold

Which of the following components are obsolete and require migration activities during a standard conversion to SAP S/4HANA? (Choose three.)

A. Costing-based CO-PA

B. Accrual Engine

C. Special Purpose Ledger

D. Cash Management

E. Classic Credit Management

What is the maximum number of currency types that you can report on for a ledger?

A. 3

B. 8

C. 10

D. 12

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

A. Tolerance profile

B. Statistical cost elements

C. Document type

D. Extension ledger

A fixed asset is to be posted in the new fiscal year. Which closing activity must be carried out for this?

A. Fiscal year change program must have been executed (transaction FAA_CMP).

B. All APC values must have been posted using report “Periodic Asset Postings".

C. All depreciation (transaction AFAB) up to that point must be posted.

D. Depreciation for the new year must be recalculated (transaction AFAR).

In your company code, you report on profit center and segment level. You post a single invoice document for office supplies that has multiple expense line items per profit center. What document splitting process does the system use to assign the correct profit centers and segments to the bank account line item when you post a payment for the invoice?

A. Active document splitting

B. Document splitting inheritance

C. Document splitting default account assignment

D. Passive document splitting

You are performing a system conversion for a customer that uses classic G/L with the accounts approach.

What must you configure in SAP S/4HANA for local and international accounting standards in order to migrate the account values in an S/4HANA standard conversion project? (Choose three.)

A. Accounting principles

B. Ledger groups

C. Valuation areas (FI)

D. Standard ledgers

E. Document types