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

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Total 80 questions

Which transactions generate a prima nota entry in the system in addition to the universal journal entry? Note: There are 2 correct answers to this question

A.

Post time sheet data to Controlling (CAT7)

B.

Post FI supplier invoice (FB60)

C.

Settlement of internal order (K088)

D.

Assessment cycle of cost centers (KSU5)

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.

A.

Custom Code Check

B.

Global Performance Analysis

C.

Authority Check

D.

SAP Readiness Check

E.

Simplification Item-Check

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

A.

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

B.

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

C.

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

D.

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

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?Note: There are 3 correct answers to this question.

A.

Valuation areas (FI)

B.

Standard ledgers

C.

Document types

D.

Accounting principles

E.

Ledger groups

What are some features of actual costing in SAP S/4HANA?Note: There are 2 correct answers to this question

A.

Selection of activity prices of other CO-versions in the standard run

B.

Simplified data structure with new table structure

C.

Reduced number of steps in the calculation cockpit

D.

Combined run for both standard and alternative valuations

Which of the following is a prerequisite to activate takeover values between depreciation areas?

A.

Takeover values are possible across all depreciation areas.

B.

Only one depreciation area per chart of depreciation is assigned 00.

C.

Depreciation areas must be assigned to the same accounting principles

D.

Takeover values are no longer supported in SAP S/4HANA.

You post an asset acquisition with a purchase order. How is the asset acquisition value posted?

A.

Valuated acquisition is posted at settlement

B.

Valuated acquisition is posted at invoice receipt.

C.

Non-valuated acquisition is posted at invoice receipt.

D.

Non-valuated acquisition is posted at goods receipt-

You carry forward balances for your company code and leading ledger to the new fiscal year 2022 and you get an error message related to asset accounting. What single action can resolve the error?

A.

Post revaluation and new valuation (transaction AR29N) forfiscal year 2021.

B.

Run the fiscal year change (transaction FAA_CMP) to close fiscal year 2020.

C.

Run "Calculate Depreciation" (transaction AFAR) forfiscal year 2022.

D.

Post all depreciation (transaction AFAB) for the fiscal year 2021

What system configuration in your customer's current SAP ERP system will have a major effect on the duration and complexity of a system conversion to SAP S/4HANA?

A.

The system does NOT use material ledger for actual costing.

B.

The system uses classic asset accounting to manage fixed assets.

C.

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

D.

The customer uses the accounts approach for parallel accounting

For which functionality is a productive material ledger a prerequisite ? Note: There are 2 correct answers to this question.

A.

Parallel update of the two types of profitability analysis

B.

Actual costing

C.

Actual activity price determination

D.

Parallel valuation for transfer pricing