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P_S4FIN_2021 Exam Dumps - SAP Certified Application Professional Questions and Answers

Question # 4

What must you create before you can record commitments in the universal journal?

Options:

A.

Extension ledger

B.

Tolerance profile

C.

Statistical cost elements

D.

Document type

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Question # 5

Before conversion to SAP S/4HANA, which activities must be completed in the SAP ERP system for Asset Accounting? Note: There are 3 correct answers to this question.

Options:

A.

Define depreciation areas for all currency types.

B.

Activate enterprise extension EA-FIN.

C.

Define a technical clearing account for integrated acquisitions

D.

Assign accounting principles to all depreciation areas

E.

Close all fiscal years except the current one.

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Question # 6

Which data is converted during an SAP S/4HANA standard conversion?

Options:

A.

Only company codes and years selected in the customizing for migration

B.

Only company codes selected in the customizing for migration for all the years

C.

All company codes for the years you specify

D.

All company codes with all data of all years

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Question # 7

What are the consequences in an SAP ERP system when activating the business function EA-FIN to support conversion to SAP S/4HANA?

Options:

A.

New asset accounting is activated.

B.

Parallel ledgers are available.

C.

Period posting (ASKB) became obsolete.

D.

New depreciation engine is used.

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Question # 8

A fixed asset is to be posted in the new fiscal year. Which closing activity must be carried out for this?

Options:

A.

Depreciation for the new year must be recalculated (transaction AFAR).

B.

All depreciation (transaction AFAB) up to that point must be posted.

C.

Fiscal year change program must have been executed (transaction FAA_CMP).

D.

All APC values must have been posted using report "Periodic Asset Postings".

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Question # 9

At which level is the migration run for finance data performed?

Options:

A.

Company code

B.

Client

C.

Operating concern

D.

Controlling area

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Question # 10

Which object acts as a data source for Cash Management (Cash Flow Analyzer) in SAP S/4HANA?

Options:

A.

Memo records

B.

Payment methods

C.

Record types

D.

Payment terms

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Question # 11

Which technologies help you decrease data volume in the SAP HANA database?Note: There are 2 correct answers to this question.

Options:

A.

Indexing

B.

Storing

C.

Archiving

D.

Aging

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Question # 12

Which objects do you need to configure in SAP S/4HANA after a conversion from classic G/L to SAP S/4HANA? Note: There are 2 correct answers to this question.

Options:

A.

Currency type

B.

Accounting principle

C.

Document type

D.

Valuation area

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Question # 13

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?

Options:

A.

First interval 3, then interval 2 if interval 3 is not maintained

B.

First interval 3, then intervals 1&2 if interval 3 is not maintained

C.

Only interval 3, no other intervals checked if interval 3 is not maintained

D.

First interval 3, then interval 1 if interval 3 is not maintained

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Exam Code: P_S4FIN_2021
Exam Name: SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts
Last Update: Feb 18, 2025
Questions: 80
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