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Free SAP P_S4FIN_2021 Practice Exam with Questions & Answers

Questions 1

Which reports are included with SAP S/4HANA, embedded analytics? Note: There are 2 correct answers to this question.

Options:
A.

Analytical List Page reports

B.

Multidimensional reports

C.

SAP Lumira reports

D.

SAP Analysis for Microsoft Office reports

SAP P_S4FIN_2021 Premium Access
Questions 2

On which levels can you assign semantic tags to a financial statement version in SAP Fiori?Note: There are 3 correct answers to this question.

Options:
A.

Financial statement item

B.

Functional area

C.

Business area

D.

G/L account

E.

Segment

Questions 3

You post a payment to a supplier invoice. In the universal journal table, you see that more line items are created than were visible in the document entry view. Which configuration may have caused the additional line items? Note: There are 2 correct answers to this question.

Options:
A.

A non-leading ledger

B.

The summarization in ACDOCA

C.

An extension ledger

D.

Zero balance indicator for profit center

Questions 4

Which ledger-specific configuration can you maintain at company code level? Note: There are 2 correct answers to this question.

Options:
A.

The financial statement version for both types of ledgers

B.

The fiscal year variant for the standard ledger

C.

The valuation view for the extension ledger

D.

The posting period variant for the extension ledger

Questions 5

What setting must be identical between the company code and controlling area?

Options:
A.

The valuation variant key

B.

The posting period variant key

C.

The number of posting and special periods

D.

The fiscal year variant key

Questions 6

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.

Options:
A.

Critical errors must be resolved in the production system before Go Live.

B.

All errors related to closed years can be ignored.

C.

Errors must be clarified, and uncritical errors can be accepted

D.

All errors must be corrected before SUM (Software Update Manager)starts.

Questions 7

A document can have up to 999999 line items in the universal journal (reporting or G/L view).How does this affect the entry view table

Options:
A.

It is still limited to 999 line items but you can configure summarization on certain criteria.

B.

It is automatically extended to 999999 line items.

C.

It is now a compatibility view without number restrictions.

D.

It is still limited to 999 line items but the system automatically splits the single entry into multiple documents as required

Questions 8

Which technologies help you decrease data volume in the SAP HANA database?Note: There are 2 correct answers to this question.

Options:
A.

Indexing

B.

Storing

C.

Archiving

D.

Aging

Questions 9

In the standard delivery system, what isthe maximum number of components you can use for the primary cost component split of activities and the cost component split of cost of goods sold?

Options:
A.

160

B.

120

C.

40

D.

100

Questions 10

What cost center planning process can write data directly to plan item table ACDOCP?

Options:
A.

Internal activity price calculation

B.

Planning in SAP Analytics Cloud

C.

Manual planning of statistical key figures

D.

Formula planning with templates

Exam Code: P_S4FIN_2021
Certification Provider: SAP
Exam Name: SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts
Last Update: Jul 15, 2025
Questions: 80
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