SAP p-s4fin-2021 practice test

SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021) Exam

Question 1

What do you manage within cash operations of SAP Cash Management? Note: There are 2 correct
answers to this question.

  • A. Bank risk analysis and risk mitigation
  • B. Credit limits for customer accounts
  • C. Daily cash position, deficits, and surpluses
  • D. Hedging and hedging contracts

A, C


Question 2

Your company code is configured with three depreciation areas that post in real time The
company is configured to update company code and group currency types. How many documents are
posted when you post a partial scrapping for a single depreciation area?

  • A. 3
  • B. 4
  • C. 2
  • D. 1



Question 3

You need to transfer multiple standard cost prices to CO-PA in an SAP S/4HANA system. What do you
need to set up?

  • A. The new refinement for cost of goods sold postings in account-based CO-PA
  • B. Valuation using material cost estimate in costing-based CO-PA
  • C. Valuation using material cost estimate in account-based CO-PA
  • D. Valuation using material cost estimate in costing-based CO-PA and account-based-COPA



Question 4

How do you compensate for the technical clearing account NOT balancing in all accounting principles
with the accounts approach for parallel valuation? Please choose the correct answer.

  • A. By running the periodic acquisition and production cost posting
  • B. By maintaining the offset account in the asset account determination
  • C. By running the monthly depreciation posting
  • D. By entering manual corrective clearing transfer postings



Question 5

What happens during the migration activity Regenerate CDS Views and Field Mapping? Note: There
are 2 correct answers to this question.

  • A. The customer-specific fields are included in the data migration procedure.
  • B. The redirection of SELECT statements is generated.
  • C. The OData services for SAP Fiori integration are activated.
  • D. The field mapping for the customer and vendor integration is created.

A, B


Question 6

Which objects do you migrate from SAP ERP to SAP S/4HANA? Note: There are 3 correct answers to
this question.

  • A. House banks for new Bank Account Management.
  • B. Accounting documents of financial accounting and controlling
  • C. Data of costing-based profitability analysis
  • D. Balances of accounts, customers, and vendors.
  • E. Master data such as assets and profit centers.

A, B, D


Question 7

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

  • A. You must define valuation areas for foreign currency valuation.
  • B. You must configure profit center and segment accounting.
  • C. You cannot configure and activate document splitting.
  • D. You cannot continue to use the consolidation staging ledger.
  • E. You must use accounts approach to parallel valuation.

B, C, D


Question 8

What can you do in the Cockpit view of SAP Product Lifecycle Costing?

  • A. Receive an overview of the available master data
  • B. Manage calculation versions.
  • C. View the costing structure.
  • D. Define global settings for currencies and units of measure.



Question 9

How can financial data be stored in the SAP S/4HANA system tables? Note: There are 2 correct
answers to this question.

  • A. There can be a line item in BSEG without a corresponding document in BKPF.
  • B. There can be a line item added in BSEG without a corresponding line item in ACDOCA.
  • C. There can be a line item in ACDOCA without a corresponding line item in BKPF.
  • D. There can be a line item in ACDOCA without a corresponding line item in BSEG.



Question 10

The screenshot displays how the depreciation areas of a chart of depreciation post, to the G/L By
looking at the screenshot what can you learn about the company code and ledger configuration?

  • A. There are two ledgers posted during transaction processing.
  • B. There are no more than two ledger groups defined for the company code
  • C. There is one extension ledger assigned to the leading ledger.
  • D. There are two currency types assigned to the company code.


To page 2