Free SAP Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021) Exam P_S4FIN_2021 Exam Practice Test

You are performing a system conversion for a customer that uses classic general ledger with the accounts approach. What must you configure in SAP S/4HANA for local and international accounting standards in order to migrate the account values? There are 3 correct answers to this question.

• Document types
• Accounting Principles
• Valuation Areas (FI)
• Ledger Groups
• Standard ledgers

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.

Your customer wants a new ERP solution and is looking at the SAP S/4HANA software. The customer has a skilled in-house IT team that they want to upskill and keep moving the forward. They want maintain a filly customizable solution without completely disrupting their current processes. Which SAP S/4HANA solution will you propose?

• On-premise
• Public cloud
• Hybrid
• Private cloud

With SAP S/4HANA simplified logistics, which of the following are relevant to the material ledger? Note: There are 2 correct answers to this question.

• The migration of material ledger is required when SAP S/4HANA Finance is already used in the legacy system.
• The material ledger uses the currencies defined in both the leading and non-leading ledgers.
• The migration of material ledger is NOT required if SAP S/4HANA Finance is already used in the legacy system.
• The material ledger with actual costing requires a periodic costing run to update inventory values.

What restriction apply when a new currency is introduced for productive company codes and ledgers? 2 correct answers

• Reconciliation for entities in asset accounting is not included
• New currency fields are NOT updated for existing data
• Calculated values are NOT added to the ACDOCA
• Archived data cannot be enriched with the new currency

Which downstream activities can be updated when you post a payment in receivables management? Note:

• There are 2 correct answers to this question.
• Update of days sales outstanding calculations
• Update of a promise to pay
• Release of an order from credit hold
• Reduction of an open dispute case amount

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

For which functionality is a productive material ledger a prerequisite?

• Parallel currencies in the universal journal
• Actual activity price determination
• Parallel valuation for transfer pricing
• Actual costing

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

• Non-leading standard ledger
• Mapping for condition types
• Extension ledger
• CO version

A business user entered the wrong password too many times and is locked out of the SAP Fiori launchpad. Where must the administrator unlock this user?

• SAP Fiori launchpad designer
• SAP S/4HANA back end
• Front-end SAP Gateway server
• SAP Smart Business