P_S4FIN_2021 Online Practice Questions and Answers

In your system you have multiple standard ledgers.

Which values can be posted to a single ledger? (Choose three.)

A. Taxes

B. Payments

C. Depreciation

D. Accruals

E. Currency valuation

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?

A. It is still limited to 999 line items but the system automatically splits the single entry into multiple documents as required.

B. It is now a compatibility view without number restrictions

C. It is automatically extended to 999999 line items.

D. It is still limited to 999 line items but you can configure summarization on certain criteria.

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

What setting must be identical between the company code and controlling area?

A. The number of posting and special periods

B. The fiscal year variant key

C. The valuation variant key

D. The posting period variant key

In the standard delivery system, what is the maximum number of components you can use for the primary cost component split of activities and the cost component split of cost of goods sold?

A. 40

B. 100

C. 120

D. 160

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.

Your customer wants to convert their SAP ERP New G/L ledger solution to SAP S/4HANA.

Which system configuration options are available for the customer after the conversion project is finalized? (Choose two.)

A. Implementation of real-time integration of controlling to financial accounting

B. Implementation of an additional standard ledger for parallel accounting

C. Implementation of chart of accounts conversion

D. Implementation of document splitting

What is an advantage of selecting the public cloud edition of SAP S/4HANA instead of an on-premise SAP S/4HANA solution?

A. Faster innovation cycles

B. Full configuration scope

C. Conversion path from an existing system

D. Integration to the Business Technology Platform

Which processes create an artificial controlling document (document number starting with A)? (Choose two.)

A. Top down distribution in margin analysis

B. Stock material consumption on project

C. FI posting of primary costs to production order

D. Internal activity allocation to sales order

In a first step, you create an account with account type "secondary cost element" and cost element category “42" in controlling area A000 and company code 1010. In a second step, you change this account to cost element category "43" in company code 1750, which is assigned to the same controlling area.

What is the effect in the system when you save this account?

A. The system brings up an error message and rejects the change.

B. The cost element category in the account is changed for both company codes.

C. The cost element category in the account is changed back to "42" for company code 1750.

D. The cost element category is different in the two company codes.