SAP P_S4FIN_2021 Exam (page: 4)
SAP Certified Application Professional - Financials in S/4HANA for ERP Finance Experts
Updated on: 12-Feb-2026

Viewing Page 4 of 39

The classic Asset Accounting posts acquisitions and retirements for a second accounting principle to an extra offset account in the account approach. How is this handled in new Asset Accounting using an accounts approach in SAP S/4HANA?

  1. There is no need to use such offset accounts anymore because of real-time postings
  2. The extra offset account has to be used as in the classic Asset Accounting
  3. The accounts approach must be replaced because the ledger approach is the only valid option
  4. The extra offset account is obsolete and will be replaced by the technical clearing account

Answer(s): D



What can you do with asset accounting in SAP S/4HANA Finance?
There are 3 correct answer to this question.

  1. Assign separate settlement rules for depreciation areas.
  2. Complete periodic acquisition and production cost adjustments postings
  3. Post revenue for retirements by acquisition and production cost
  4. Simultaneously post separate values by depreciation area.
  5. Define transaction types by depreciation area

Answer(s): A,C,D



Which values can be posted to a specific ledger?
There are 3 correct answer to this question.

  1. Depreciation
  2. Taxes
  3. Payments
  4. Accruals
  5. Currency valuation

Answer(s): A,D,E



You want to post intercompany asset transfer only for IFRS. Which objects can you specify in the transfer posting to achieve this?
Note: There are 2 correct answers to this question.

  1. Accounting principle
  2. Transaction type
  3. Depreciation area
  4. Ledger group

Answer(s): A,D



You activate account-based CO-PA (Profitability Analysis) during migration. How is the system affected?

There are 3 correct answers to this question.

  1. Historical data will be enriched with characteristics by derivation
  2. Cost based CO-PA can still be used in parallel
  3. Cost component split (COGS) can be configured in financial accounting
  4. Value fields will be added to the universal Journal
  5. Characteristics will be added to universal journal

Answer(s): B,C,E



Viewing Page 4 of 39



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