SAP P-S4FIN-2021 Actual Free Exam Questions & Community Discussion

Exam Code/Number: P-S4FIN-2021
Exam Name/Title: Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts
Certification Provider: SAP
Corresponding Certification: SAP Certified Application Professional

Exam Questions: 82
Updated On: May 27, 2026

Question #37

Which fields do you maintain when defining the source ledger for migration of balances?Note: There are 2 correct answers to this question.

A. Source table

B. Year

C. Period

D. Company code

Discussion 0

Correct Answer: B,D Vote an answer

Question #38

Which objects do you need to configure in SAP S/4HANA after a conversion from classic G/L to SAP S/4HANA? Note: There are 2 correct answers to this question.

A. Valuation area

B. Document type

C. Currency type

D. Accounting principle

Discussion 0

Correct Answer: A,D Vote an answer

Question #39

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?

A. 2

B. 4

C. 3

D. 1

Discussion 0

Correct Answer: D Vote an answer

Question #40

Which data is converted during an SAP S/4HANA standard conversion?

A. Only company codes selected in the customizing for migration for all the years

B. Only company codes and years selected in the customizing for migration

C. All company codes for the years you specify

D. All company codes with all data of all years

Discussion 0

Correct Answer: D Vote an answer

Question #41

You want to convert your system from an account solution into a ledger solution without a prior New G/L migration project.Which scenario can be used?Note: There are 2 correct answers to this question.

A. New implementation

B. Chart of Accounts Conversion

C. Selective Data Transition

D. SAP Standard Conversion

Discussion 0

Correct Answer: B,D Vote an answer

Question #42

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 configure profit center and segment accounting.

B. You must define valuation areas for foreign currency valuation.

C. You must use the accounts approach to parallel valuation.

D. You must continue to use Special Purpose Ledger for preparation for consolidation.

E. You cannot configure and activate document splitting during conversion.

Discussion 0

Correct Answer: A,D,E Vote an answer

Question #43

Your customer wants to maintain the current customer and supplier account numbers even after migrating to business partners. The customer also wants to ensure the account numbers continue to be aligned after the conversion .What settings must be made to ensure this? Note: There are 2 correct answers to this question

A. Use external number ranges in the customer and supplier account groups for the conversion.

B. Use internal number ranges in the BP groupings after the conversion

C. Use external number ranges in the BP groupings for the conversion.

D. Use internal number ranges in the customer and supplier account groups after the conversion

Discussion 0

Correct Answer: A,D Vote an answer

Question #44

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. Close all fiscal years except the current one.

B. Assign accounting principles to all depreciation areas

C. Define depreciation areas for all currency types.

D. Activate enterprise extension EA-FIN.

E. Define a technical clearing account for integrated acquisitions

Discussion 0

Correct Answer: A,C,D Vote an answer

Question #45

What is the earliest point in time that the attributed profitability segments can be derived?

A. When you settle the cost to margin analysis

B. When you post the primary cost document to a WBS element

C. When you assess the costs to margin analysis using the universal allocation

D. When you run the top-down distribution in margin analysis

Discussion 0

Correct Answer: B Vote an answer

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