P_S4FIN_2021 Online Practice Questions and Answers

What can you do with SAP S/4HANA Accrual Management?

A. Automatically calculate accruals for asset acquisitions (direct capitalization) with purchase orders.

B. Post and analyze accruals in all currencies defined for the general ledger.

C. Post planned accrual amounts in table ACDOCP and analyze them in reports

D. Automatically calculate accruals for purchase orders with posted valuated goods receipt.

In what system is it required to perform all system conversion steps to identify and solve conversion errors?

A. Development

B. Sandbox

C. Production

D. Quality Assurance

You want to sell products from stock.

What do you need to maintain before you can analyze the cost of goods sold (COGS) subdivided by cost components in account-based CO-PA? (Choose two.)

A. A collection of primary cost elements to receive the cost portions

B. A cost splitting profile in general ledger accounting

C. An extension ledger with type "Line items with technical numbers”

D. A settlement profile to control the settlement of cost portions

You select the configuration option Set Migration to Completed in the Conversion of Accounting to SAP S/4HANA. What does this mean? (Choose three.)

A. All views are generated successfully.

B. Customizing is consistent.

C. All error messages have been accepted.

D. Customer Vendor Integration can start.

E. Only critical error messages have been accepted.

What is the maximum number of currency types that you can report on for a ledger?

A. 3

B. 8

C. 10

D. 12

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

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.

In your SAP S/4HANA system, you use the accounts approach for parallel valuation and report financial values for three separate accounting principles. You post an acquisition for an asset that is capitalized in a single accounting principle. If you use the application for posting integrated asset acquisitions, how many documents will the system post?

A. 1

B. 2

C. 3

D. 4

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 your company code, you report on profit center and segment level. You post a single invoice document for office supplies that has multiple expense line items per profit center. What document splitting process does the system use to assign the correct profit centers and segments to the bank account line item when you post a payment for the invoice?

A. Active document splitting

B. Document splitting inheritance

C. Document splitting default account assignment

D. Passive document splitting