P_S4FIN_2021 Online Practice Questions and Answers

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

A. 13

B. 17

C. 21

D. 23

You start your first sandbox migration and get a lot of errors.

How are errors handled in an SAP S/4HANA migration? (Choose two.)

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

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

C. Errors must be clarified, and uncritical errors can be accepted.

D. All errors related to closed years can be ignored.

Which type of extension ledger do you set up to record incoming sales orders for account-based profitability analysis?

A. Standard journal entries

B. Journal entries for valuation differences

C. Line items with technical numbers / no deletion possible

D. Line items with technical numbers / deletion possible

You run foreign currency valuation for both local and international GAAP. This leads to different values for the two different accounting principles. How can you set this up in the system?

A. Define a valuation area and an accounting principle with relevant links to ledgers.

B. Define two valuation methods and assign the accounting principles to the new valuation methods.

C. Define two valuation areas and two accounting principles with relevant links to ledgers.

D. Define a valuation area and ledger group for two ledgers to link with the new valuation area.

What data for asset accounting is stored in the universal journal? (Choose two.)

A. Actual depreciations of all depreciation areas that are set to post depreciation periodically

B. Acquisition and production cost values of all depreciation areas that are assigned to an accounting principle

C. Acquisition and production cost values of all depreciation areas that are defined as real depreciation areas

D. Actual depreciations of the controlling depreciation area used for management valuations

You create a G/L account and set the cost element category to 42 (assessment). In what table is the cost element category updated?

A. CSKA

B. SKB1

C. SKA1

D. CSKB

You want to create a balance sheet and profit and loss statement on segment level. Which steps do you need to take in the system? (Choose two.)

A. Define a clearing account.

B. Set the zero balance indicator.

C. Assign a segment to all G/L accounts.

D. Define a PA transfer structure.

In which cases can you use a transfer price for goods movement in parallel valuation? (Choose two.)

A. Between two storage locations

B. Between two accounting principles

C. Between two profit centers

D. Between two company codes

Your customer uses the ledger approach to multiple valuation.

During conversion to SAP S/4HANA, which configurations will be required? (Choose two.)

A. Define the document type for the accounting-principle-specific documents.

B. Configure delta depreciation areas to no longer post to the general ledger.

C. Assign accounting principles to all real and derived depreciation areas.

D. Convert all accounts of parallel valuations to reconciliation accounts.

What cost center planning process can write data directly to plan item table ACDOCP?

A. Internal activity price calculation

B. Planning in SAP Analytics Cloud

C. Manual planning of statistical key figures

D. Formula planning with templates