Free SAP P_S4FIN_2021 Practice Exam with Questions & Answers | Set: 2

Select the Record Account Assignment indicator.

Enter value 90 in the cost element category field.

Set the G/L account type to Primary Costs or Revenue.

Define the G/L account as an asset reconciliation account.

Depreciation areas for parallel currencies

Non-posting depreciation areas

Year-end closing

Insurance values in the asset master records

It must be assigned to an underlying ledger.

It will generate additional line items in ACDOCA for non-ledger-specific postings.

It is always active on the system level for all company codes.

If asset accounting is used, a depreciation area must be assigned.

Extension ledger

Tolerance profile

Statistical cost elements

Document type

Cost-based CO-PA can still be used in parallel.

Characteristics will be added to the universal journal.

Value fields will be added to the universal journal.

Historical data will be enriched with characteristics by derivation

Cost component split (COGS) can be configured in financial accounting.

Post planned accrual amounts in table ACDOCP and analyze them in reports.

Automatically calculate accruals for purchase orders with posted valuated goods receipt.

Automatically calculate accruals for asset acquisitions (direct capitalization) with purchase orders.

Post and analyze accruals in all currencies defined for the general ledger.

Actual depreciations of all depreciation areas that are set to post depreciation periodically

Actual depreciations of the controlling depreciation area used for management valuations

Acquisition and production cost values of all depreciation areas that are assigned to an accounting principle

Acquisition and production cost values of all depreciation areas that are defined as real depreciation areas

Selection of activity prices of other CO-versions in the standard run

Simplified data structure with new table structure

Reduced number of steps in the calculation cockpit

Combined run for both standard and alternative valuations

You must use the accounts approach to parallel valuation.

You must define valuation areas for foreign currency valuation.

You must configure profit center and segment accounting.

You cannot configure and activate document splitting during conversion.

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

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

When you run the top-down distribution in margin analysis

When you settle the cost to margin analysis

When you post the primary cost document to a WBS element