SAP P_S4FIN_2021 Exam Questions Free Practice Test

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Questions # 21:

A fixed asset is to be posted in the new fiscal year. Which closing activity must be carried out for this?

Options:

Depreciation for the new year must be recalculated (transaction AFAR).

All depreciation (transaction AFAB) up to that point must be posted.

Fiscal year change program must have been executed (transaction FAA_CMP).

All APC values must have been posted using report "Periodic Asset Postings".

Expert Solution

Questions # 22:

You post an asset acquisition with a purchase order. How is the asset acquisition value posted?

Options:

Valuated acquisition is posted at settlement

Valuated acquisition is posted at invoice receipt.

Non-valuated acquisition is posted at invoice receipt.

Non-valuated acquisition is posted at goods receipt-

Expert Solution

Questions # 23:

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

Options:

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

Use internal number ranges in the BP groupings after the conversion

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

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

Expert Solution

Questions # 24:

Which values are stored in the universal journal (ACDOCA)?Note: There are 2 correct answers to this question.

Options:

Transfer prices

Actual costing results

Parallel currencies

Elimination of intercompany postings

Expert Solution

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