Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts (P-S4FIN-2021) Free Practice Test

Question 1

Which modules read and write line items of the universal journal (ACDOCA)?Note: There are 2 correct answers to this question.

A. Actual costing

B. Account-based profitability analysis

C. Costing-based profitability analysis

D. Cash management

Correct Answer: B,D

Question 2

In which of the possible scenarios can you indicate that an account is also a statistical cost element?Note: There are 2 correct answers to this question.

A. It is used as special reserve balance account in fixed asset accounting.

B. It is used as balance sheet account for APC costsin fixed asset accounting.

C. It is used as WIP account from price differences in the material account assignment

D. It is used as inventory account (BSX) in the material account assignment.

Correct Answer: B,C

Question 3

In your SAP S/4HANA system, you use the accounts approach for parallel valuation and report financial values for three separate accounting principles. You post an acquisition for an asset that is capitalized in a single accounting principle. If you use the application for posting integrated asset acquisitions, how many documents will the system post?

A. 4

B. 3

C. 1

D. 2

Correct Answer: C

Question 4

What restrictions apply when a new currency is introduced for productive company codes and ledgers? Note: There are 2 correct answers to this question.

A. New currency fields are NOT updated for existing data.

B. Calculated values are NOT added to the ACDOCA.

C. Reconciliation for entities in asset accounting is NOT included.

D. Archived data CANNOT be enriched with the new currency.

Correct Answer: C,D

Question 5

What are the consequences in an SAP ERP system when activating the business function EA-FIN to support conversion to SAP S/4HANA?

A. Parallel ledgers are available.

B. New asset accounting is activated.

C. Period posting (ASKB) became obsolete.

D. New depreciation engine is used.

Correct Answer: B

Question 6

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.

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

B. You can assign additional valuations to the extension ledgers.

C. You can assign additional valuations to separate accounts.

D. You can assign each valuation to a separate ledger.

Correct Answer: A,D

Question 7

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 1&2 if interval 3 is not maintained

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

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

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

Correct Answer: D

Question 8

Which ledger-specific configuration can you maintain at company code level? Note: There are 2 correct answers to this question.

A. The valuation view for the extension ledger

B. The financial statement version for both types of ledgers

C. The fiscal year variant for the standard ledger

D. The posting period variant for the extension ledger

Correct Answer: C,D

Question 9

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

Correct Answer: D

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SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts (P-S4FIN-2021) Free Practice Test