Download SAP Certified Application Professional - Financials in SAP S-4HANA for SAP ERP Finance Experts (SAP S-4HANA 2021).P_S4FIN_2021.ExamTopics.2025-09-24.21q.vcex

Vendor: SAP
Exam Code: P_S4FIN_2021
Exam Name: SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021)
Date: Sep 24, 2025
File Size: 14 KB
Downloads: 1
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Demo Questions

Question 1
You notice alpha-numeric document numbers in the universal journal, that do not have a corresponding document header stored in the BKPF table.
Which activities may lead to alpha-numeric document numbers? (Choose two.)
  1. Cross company code postings
  2. Corrections due to migration
  3. Balance carry forward
  4. Customer invoice posted via interface
Correct answer: BD
Question 2
You post a payment to a supplier invoice. In the universal journal table, you see that more line items are created than were visible in the document entry view.
Which configuration may have caused the additional line items? (Choose two.)
  1. Zero balance indicator for profit center
  2. The summarization in ACDOCA
  3. An extension ledger
  4. Anon-leading ledger
Correct answer: BC
Explanation:
BD: 2 - Mosted
BD: 2 - Mosted
Question 3
On what level can you assign a fiscal year variant to a company code?
  1. Ledger group, for standard ledger type
  2. Ledger, for any type of ledger
  3. Ledger group, for any type of ledger
  4. Ledger, for standard ledger type
Correct answer: B
Explanation:
D: 2 - Mosted
D: 2 - Mosted
Question 4
Which of the following components are obsolete and require migration activities during a standard conversion to SAP S/4HANA? (Choose three.)
  1. Costing-based CO-PA
  2. Accrual Engine
  3. Special Purpose Ledger
  4. Cash Management
  5. Classic Credit Management
Correct answer: BDE
Explanation:
BDE: 5 - Mosted
BDE: 5 - Mosted
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?
  1. Parallel ledgers are available.
  2. New asset accounting is activated.
  3. New depreciation engine is used.
  4. Period posting (ASKB) became obsolete.
Correct answer: B
Question 6
You want to configure an extension ledger.
Which steps do you need to take? (Choose two.)
  1. Specify allowed currency types for the extension ledger.
  2. Specify the document type for the extension ledger.
  3. Select an underlying ledger for the extension ledger.
  4. Assign a fiscal year variant to the extension ledger.
Correct answer: BC
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?
  1. First interval 3, then intervals 1&2 if interval 3 is not maintained
  2. First interval 3, then interval 2 if interval 3 is not maintained
  3. Only interval 3, no other intervals checked if interval 3 is not maintained
  4. First interval 3, then interval 1 if interval 3 is not maintained
Correct answer: C
Explanation:
A: 2 - Mosted
A: 2 - Mosted
Question 8
What can you do with SAP S/4HANA Accrual Management?
  1. Automatically calculate accruals for asset acquisitions (direct capitalization) with purchase orders.
  2. Post and analyze accruals in all currencies defined for the general ledger.
  3. Post planned accrual amounts in table ACDOCP and analyze them in reports
  4. Automatically calculate accruals for purchase orders with posted valuated goods receipt.
Correct answer: B
Question 9
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 standard conversion.
Which limitations apply in SAP S/4HANA? (Choose three.)
  1. You must continue to use Special Purpose Ledger for preparation for consolidation.
  2. You must use the accounts approach to parallel valuation.
  3. You must define valuation areas for foreign currency valuation.
  4. You cannot configure and activate document splitting during conversion.
  5. You must configure profit center and segment accounting.
Correct answer: ADE
Question 10
A document can have up to 999999 line items in the universal journal (reporting or G/L view).
How does this affect the entry view table?
  1. It is still limited to 999 line items but the system automatically splits the single entry into multiple documents as required.
  2. It is now a compatibility view without number restrictions
  3. It is automatically extended to 999999 line items.
  4. It is still limited to 999 line items but you can configure summarization on certain criteria.
Correct answer: D
Question 11
You want to convert your system from an account solution into a ledger solution without a prior New G/L migration project.
Which scenario can be used? (Choose two.)
  1. SAP Standard Conversion
  2. Chart of Accounts Conversion
  3. Selective Data Transition
  4. New implementation
Correct answer: AB
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