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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

Your customer has an SAP ERP system with classic G/L accounting and wants to convert directly to SAP S/4HANA as soon as possible during the current fiscal year via standard conversion. Which limitations apply in SAP S/4HANA? Note: There are 3 correct answers to this question.

A.

You must use the accounts approach to parallel valuation.

B.

You must define valuation areas for foreign currency valuation.

C.

You must configure profit center and segment accounting.

D.

You cannot configure and activate document splitting during conversion.

E.

You must continue to use Special Purpose Ledger for preparation for consolidation.

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.

A.

Accruals

B.

Currency valuation

C.

Taxes

D.

Depreciation

E.

Payments

What do you assign to a depreciation area in SAP S/4HANA asset accounting? Note: There are 2 correct answers to this question.

A.

A chart of depreciation

B.

A ledger account determination key

C.

An alternative depreciation area

D.

An accounting principle

Which reports are included with SAP S/4HANA, embedded analytics? Note: There are 2 correct answers to this question.

A.

Analytical List Page reports

B.

Multidimensional reports

C.

SAP Lumira reports

D.

SAP Analysis for Microsoft Office reports

What setting must be identical between the company code and controlling area?

A.

The valuation variant key

B.

The posting period variant key

C.

The number of posting and special periods

D.

The fiscal year variant key

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

A.

Migrate the material ledger.

B.

Configure accounts for COGS split.

C.

Create document type for CO postings.

D.

Activate attributed profitability analysis

Which fields do you maintain when defining the source ledger for migration of balances?Note: There are 2 correct answers to this question.

A.

Source table

B.

Period

C.

Company code

D.

Year

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.

A.

Classic Credit Management

B.

Cash Management

C.

Accrual Engine

D.

Special Purpose Ledger

E.

Costing-based CO-PA

How many digits for the amount field on the financial document line item level are supported in the universal journal

A.

13

B.

21

C.

17

D.

23

In what system is it required to perform all system conversion steps to identify and solve conversion errors?

A.

Production

B.

Quality Assurance

C.

Sandbox

D.

Development