[Feb-2023] Exam P_S4FIN_2021 New Brain Dump Professional – DumpsReview [Q30-Q52]

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[Feb-2023] Exam P_S4FIN_2021: New Brain Dump Professional – DumpsReview

Free P_S4FIN_2021 Exam Dumps to Improve Exam Score

NO.30 If you use the ledger approach, which customization settings must you apply for new Asset Account? Note:
There are 2 correct answers to these questions.

Assign an accounting principle to every depreciation area.

Set reconciliation account for parallel valuation (non-leading ledger).

Define a technical clearing account for integrated asset acquisitions.

Assign a controlling version to each depreciation area.

NO.31 What credit management organizational element is required for calculating the credit limit, and enables you to carry out detailed checks at business.

Credit segment

Credit control area

Sales area

Company code

NO.32 What can you do with SAP S/4HANA accrual management?

Post planned accrual amounts in table ACDOCP and analyse them in reports

Carry forward accruals to future years independent of the other ledger values

Automatically calculate accruals for asset acquisitions with purchase orders

Post and analyse accruals in all currencies defined for the general ledger

NO.33 Your customer uses SAP ERP on any database with EHP 8, classic G/L with accounts approach, and more than 10 years’ worth of dat a. What can you do in separate projects before the SAP S/4HANA conversion to reduce the complexity of your conversion project? Note: There are 2 correct answers to this question.

Launch customer-vendor integration for the business partner.

Implement an archiving project.

Adopt new Asset Accounting.

Create a backup.

NO.34 You want to configure an extension ledger. Which steps do you need to take? There are 2 correct answer to this question.

Select an Underlying ledger for the extension ledger.

Specify the document type for the extension ledger.

Assign a fiscal year variant to the extension ledger.

Specify currency types for the extension ledger.

NO.35 For which Cases Can you Use SAP Product Lifecycle Costing? There are 2 correct answer to this question

Standard price cost estimates

Preliminary cost estimates

Quotation costing

Sales order cost estimates

NO.36 Your company code is configured with three depreciation areas that post in real time The company is configured to update company code and group currency types. How many documents are posted when you post a partial scrapping for a single depreciation area?

NO.37 Which of the following options in SAP S/4HANA 1809 is only possible in costing-based CO-PA and NOT in account-based CO-PA?

Sales order entry postings.

Manual postings.

Cost of goods sold (COGS) split per cost component.

Production variance split per variance category.

NO.38 You want to post intercompany asset transfer only for IFRS. Which objects can you specify in the transfer posting to achieve this? Note: There are 2 correct answers to this question.

Accounting principle

Transaction type

Depreciation area

Ledger group

NO.39 Which modules remain unchanged after the migration to SAP S/4HANA? Note: There are 3 correct answers to this question.

Special purpose ledger

Classic profit center accounting

Account-based CO-PA

Liquidity planning

Costing-based CO-PA

NO.40 Which three separates 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?

NO.41 A document can have up to 999999 line items in the universal journal (reporting or G/L view).How does this affect the entry view table

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

NO.42 You need to transfer multiple standard cost prices to CO-PA in an SAP S/4HANA system. What do you need to set up?

The new refinement for cost of goods sold postings in account-based CO-PA

Valuation using material cost estimate in costing-based CO-PA

Valuation using material cost estimate in account-based CO-PA

Valuation using material cost estimate in costing-based CO-PA and account-based-COPA

NO.43 You are migrating from classic Asset Accounting to new Asset Accounting as part of your SAP S/4HANA migration. Yon have created an additional depreciation area for group currency under the chart of depredation. What are the critical steps for fixed assets? Note: There are 3 correct answers to this question.

Activate the new depreciation areas for asset classes under the chart of depreciation.

Manually recalculate depreciation for the new depreciation area.

Activate the new depreciation areas for the individual assets for the respective company codes.

Update the depredation key for the new depreciation area.

Update G/L accounts for the new depreciation area for the chart of depreciation.

NO.44 You post a payment to a supplier invoice. In the universal journal table, you see that more line items are created than were visible in the document entry view. Which configuration may have caused the additional line items? Note: There are 2 correct answers to this question.

A non-leading ledger

The summarization in ACDOCA

An extension ledger

Zero balance indicator for profit center

NO.45 Which transaction types can be restricted to depreciation areas in new Asset Accounting? Note: There are 2 correct answers to this question.

Transfers

Revaluation and new valuation

Investment support

Retirements

NO.46 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?

Define two valuation methods and assign the accounting principles to the new valuation method

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

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

Define a valuation area and extension ledger to link with the new valuation area

NO.47 Which of the following are available methods of valuation for depreciation areas? There are 3 correct answer to this question.

Calculate different values in a depreciation area for a specific purpose

Define how asset values post for accounting principles.

Calculate additional values for acquisition and product cost.

Define how posting values and depreciation terms can be transferred to other areas

Define show values, but do NOT post any values to the G/L accounts.

NO.48 What are the parameters to define different technical clearing accounts for integrated acquisition in new asset counting? There are 2 correct answer to this question.

Chart of depreciation

Chart of accounts

Account determination

Company code

NO.49 You define an additional extension ledger. What type of ledger can you assign as underlying ledger?

Standard ledger

Material ledger

Special ledger

Reconciliation ledger

NO.50 Which fields do you maintain when defining the source ledger for migration of balances?Note: There are 2 correct answers to this question.

Source table

Period

Company code

Year

NO.51 You carry forward balances for your company code and leading ledger to the new fiscal year 2021 and year What could resolve the error?

Run “calculate depreciation” (transition AFAR) for fiscal year 2021

Post revaluation and new valuation (transition AR29N) for fiscal year 2020

Run the fiscal year change (transition FAA_CMP) to close fiscal year 2019

Post all depreciation (transaction AFAB) for the fiscal year 2020

NO.52 What system configuration in your customers current SAP ERP system will have a major effect on the duration and complexity of the system conversion to S/4HANA?

The customers uses the accounts approach for parallel accounting.

The system uses classic asset account to manage fixed assets

The system has document splitting activated for all company codes

The customer does NOT use business partners to manage customers and suppliers