Free SAP P_S4FIN_2021 Exam Dumps Questions & Answers

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.

• A.  Define depreciation areas for all currency types.
• B.  Define a technical clearing account for integrated acquisitions
• C.  Close all fiscal years except the current one.
• D.  Activate enterprise extension EA-FIN.
• E.  Assign accounting principles to all depreciation areas

Which settings are allowed for open item management for the GR/IR account? Note: There are 2 correct answers to this question.

• A.  Reconciliation account
• B.  Classic open item management
• C.  Extended open item management
• D.  Ledger specific open item management

On what level can you assign a fiscal year variant to a company code?

• A.  Ledger, forstandard ledger type
• B.  Ledger, for any type of ledger
• C.  Ledger group, for standard ledger type
• D.  Ledger group, for any type of ledger

What do you configure to automatically create a vendor when you create a business partner?Note: There are 2 correct answers to this question.

• A.  The business partner grouping key
• B.  The customer/vendor integration interface
• C.  The partner functions for vendors
• D.  Business partner relationships

Your customer has an SAP ERP system with classic G/L accounting and wants to convert directly to SAP S/4HANA as soon as possible during the current fiscal year via standard conversion. Which limitations apply in SAP S/4HANA? Note: There are 3 correct answers to this question.

• A.  You must continue to use Special Purpose Ledger for preparation for consolidation.
• B.  You cannot configure and activate document splitting during conversion.
• C.  You must use the accounts approach to parallel valuation.
• D.  You must configure profit center and segment accounting.
• E.  You must define valuation areas for foreign currency valuation.