P_S4FIN_2021 Online Practice Questions and Answers

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

In your system, you are creating a new company code that requires an additional standard ledger. Which statements apply to a standard ledger?

A. It must be assigned to an underlying ledger.

B. It will generate additional line items in ACDOCA for non-ledger-specific postings.

C. It is always active on the system level for all company codes.

D. If asset accounting is used, a depreciation area must be assigned.

Which reports are included with SAP S/4HANA, embedded analytics? (Choose two.)

A. SAP Analysis for Microsoft Office reports

B. Analytical List Page reports

C. Multidimensional reports

D. SAP Lumira reports

In an SAP S/4HANA system, which of the following features is mandatory?

A. Material ledger

B. Parallel ledgers

C. Actual costing

D. Margin analysis

Before conversion to SAP S/4HANA, which activities must be completed in the SAP ERP system for Asset Accounting? (Choose three.)

A. Define depreciation areas for all currency types.

B. Define a technical clearing account for integrated acquisitions.

C. Assign accounting principles to all depreciation areas.

D. Activate enterprise extension EA-FIN.

E. Close all fiscal years except the current one.

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. New depreciation engine is used.

D. Period posting (ASKB) became obsolete.

You are converting your system to SAP S/4HANA.

Which functionality became obsolete in S/4HANA in Asset Accounting and needs to be migrated before conversion?

A. Depreciation areas for parallel currencies

B. Non-posting depreciation areas

C. Year-end closing

D. Insurance values in the asset master records

In Controlling, what is a mandatory customizing step when converting a system to SAP S/4HANA?

A. Configure accounts for COGS split.

B. Create document type for CO postings.

C. Activate attributed profitability analysis.

D. Migrate the material ledger.

What do you configure to automatically create a vendor when you create a business partner? (Choose two.)

A. The business partner grouping key

B. Business partner relationships

C. The customer/vendor integration interface

D. The partner functions for vendors

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.