Free P_S4FIN_2021 – SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021) Practice Test Question

Select all that apply, then click Submit answer.

• ○

  Custom Code Check

• ○

  Global Performance Analysis

• ○

  Authority Check

• ○

  SAP Readiness Check

• ○

  Simplification Item-Check

Select all that apply, then click Submit answer.

• ○

  Define depreciation areas for all currency types.

• ○

  Activate enterprise extension EA-FIN.

• ○

  Define a technical clearing account for integrated acquisitions

• ○

  Assign accounting principles to all depreciation areas

• ○

  Close all fiscal years except the current one.

Select all that apply, then click Submit answer.

• ○

  Classic Credit Management

• ○

  Cash Management

• ○

  Accrual Engine

• ○

  Special Purpose Ledger

• ○

  Costing-based CO-PA

Select all that apply, then click Submit answer.

• ○

  Critical errors must be resolved in the production system before Go Live.

• ○

  All errors related to closed years can be ignored.

• ○

  Errors must be clarified, and uncritical errors can be accepted

• ○

  All errors must be corrected before SUM (Software Update Manager)starts.

Select all that apply, then click Submit answer.

• ○

  Select the Record Account Assignment indicator.

• ○

  Enter value 90 in the cost element category field.

• ○

  Set the G/L account type to Primary Costs or Revenue.

• ○

  Define the G/L account as an asset reconciliation account.

Select an option, then click Submit answer.

• ○

  Extension ledger

• ○

  Tolerance profile

• ○

  Statistical cost elements

• ○

  Document type

Select an option, then click Submit answer.

• ○

  It is still limited to 999 line items but you can configure summarization on certain criteria.

• ○

  It is automatically extended to 999999 line items.

• ○

  It is now a compatibility view without number restrictions.

• ○

  It is still limited to 999 line items but the system automatically splits the single entry into multiple documents as required

Select an option, then click Submit answer.

• ○

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

• ○

  Simplified data structure with new table structure

• ○

  Reduced number of steps in the calculation cockpit

• ○

  Combined run for both standard and alternative valuations

Select an option, then click Submit answer.

• ○

  When you assess the costs to margin analysis using the universal allocation

• ○

  When you run the top-down distribution in margin analysis

• ○

  When you settle the cost to margin analysis

• ○

  When you post the primary cost document to a WBS element

Select an option, then click Submit answer.

• ○

  Valuated acquisition is posted at settlement

• ○

  Valuated acquisition is posted at invoice receipt.

• ○

  Non-valuated acquisition is posted at invoice receipt.

• ○

  Non-valuated acquisition is posted at goods receipt-