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  5. SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts Questions and Answers

Free Practice Questions for the SAP Certified Application Professional P_S4FIN_2021 Exam (2026 Updated)

At Marks4sure, we are dedicated to providing IT professionals with the most accurate and reliable preparation materials for the SAP P_S4FIN_2021 exam. To support your certification journey, we have made a selection of our premium 2026 SAP Certified Application Professional practice questions and answers available completely free. You can take this practice test as many times as you need. Every question includes a detailed, expertly verified explanation to ensure you fully grasp the core security concepts before test day.

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Questions 4

What restrictions apply when a new currency is introduced for productive company codes and ledgers? Note: There are 2 correct answers to this question.

Options:

A.

Reconciliation for entities in asset accounting is NOT included.

B.

Archived data CANNOT be enriched with the new currency.

C.

New currency fields are NOT updated for existing data.

D.

Calculated values are NOT added to the ACDOCA.

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Questions 5

In your company code, you report on profit center and segment level. You post a single invoice document for office supplies that has multiple expense line items per profit center. What document splitting process does the system use to assign the correct profit centers and segments to the bank account line item when you post a payment for the invoice?

Options:

A.

Document splitting default account assignment

B.

Active document splitting

C.

Document splitting inheritance

D.

Passive document splitting

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Questions 6

You want to set up a multi-level gross margin report in profitability analysis (CO-PA).What do you customize to report the fixed and variable values separately?Note: There are 2 correct answers to this question.

Options:

A.

Margin analysis: no specific customizing is necessary

B.

Costing-based CO-PA: no specific customizing is necessary

C.

Margin analysis: assign different accounts (assignment of different accounts is necessary)

D.

Costing-based CO-PA: assign different value fields (assignment of different value fields is necessary)

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Questions 7

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.

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Questions 8

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:

A.

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

B.

Use internal number ranges in the BP groupings after the conversion

C.

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

D.

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

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Questions 9

What are some features of actual costing in SAP S/4HANA?Note: There are 2 correct answers to this question

Options:

A.

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

B.

Simplified data structure with new table structure

C.

Reduced number of steps in the calculation cockpit

D.

Combined run for both standard and alternative valuations

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Questions 10

In a first step, you create an account with account type "secondary cost element" and cost element category "42" in controlling area A000 and company code 1010.In a second step, you change this account to cost element category "43" in company code 1750, which is assigned to the same controlling area. What is the effect in the system when you save this account?

Options:

A.

The system brings up an error message and rejectsthe change.

B.

The cost element category is different in the two company codes.

C.

The cost element category in the account is changed back to "42" for company code 1750.

D.

The cost element category in the account is changed for both company codes

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Questions 11

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

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Questions 12

Which modules read and write line items of the universal journal (ACDOCA)?Note: There are 2 correct answers to this question.

Options:

A.

Account-based profitability analysis

B.

Actual costing

C.

Cash management

D.

Costing-based profitability analysis

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Exam Code: P_S4FIN_2021
Exam Name: SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts
Last Update: Jun 18, 2026
Questions: 80

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