SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts

QUESTION NO: 1
In what system is it required to perform all system conversion steps to identify and solve conversion errors?

A. Development B. Production C. Sandbox D. Quality Assurance

Correct Answer: D

QUESTION NO: 2
How can you set up multiple valuations for transfer pricing in your SAP S/4HANA system? Note: There are 2 correct answers to this question.

A. You can assign profit center, group, and legal valuations to the same ledger. B. You can assign additional valuations to the extension ledgers. C. You can assign additional valuations to separate accounts. D. You can assign each valuation to a separate ledger.

Correct Answer: A,D

QUESTION NO: 3
Your customer currently uses classic G/L and asks what new functionalities can be implemented during an SAP standard conversion to SAP S/4HANA.What functionality can you activate?

A. Additional parallel currency B. Margin analysis C. Additional standard ledger D. Document splitting

Correct Answer: A

QUESTION NO: 4
You start your first sandbox migration and get a lot of errors.How are errors handled in an SAP S/4HANA migration? Note: There are 2 correct answersto this question.

A. All errors related to closed years can be ignored. B. All errors must be corrected before SUM (Software Update Manager)starts. C. Errors must be clarified, and uncritical errors can be accepted D. Critical errors must be resolved in the production system before Go Live.

Correct Answer: B,D

QUESTION NO: 5
You carry forward balances for your company code and leading ledger to the new fiscal year 2022 and you get an error message related to asset accounting. What single action can resolve the error?

A. Post revaluation and new valuation (transaction AR29N) forfiscal year 2021. B. Post all depreciation (transaction AFAB) for the fiscal year 2021 C. Run the fiscal year change (transaction FAA_CMP) to close fiscal year 2020. D. Run "Calculate Depreciation" (transaction AFAR) forfiscal year 2022.

Correct Answer: C

QUESTION NO: 6
Which modules read and write line items of the universal journal (ACDOCA)?Note: There are 2 correct answers to this question.

A. Costing-based profitability analysis B. Actual costing C. Account-based profitability analysis D. Cash management

Correct Answer: C,D

QUESTION NO: 7
You post an asset acquisition with a purchase order. How is the asset acquisition value posted?

A. Valuated acquisition is posted at settlement B. Non-valuated acquisition is posted at invoice receipt. C. Non-valuated acquisition is posted at goods receipt- D. Valuated acquisition is posted at invoice receipt.

Correct Answer: B

QUESTION NO: 8
Which fields do you maintain when defining the source ledger for migration of balances?Note: There are 2 correct answers to this question.

A. Year B. Company code C. Period D. Source table

Correct Answer: A,B

QUESTION NO: 9
What can you do with SAP S/4HANA Accrual Management?

A. Post planned accrual amounts in table ACDOCP and analyze them in reports. B. Post and analyze accruals in all currencies defined for the general ledger. C. Automatically calculate accruals for asset acquisitions (direct capitalization) with purchase orders. D. Automatically calculate accruals for purchase orders with posted valuated goods receipt.

Correct Answer: B

SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts - P-S4FIN-2021 Exam Questions