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  • P_S4FIN_2021: SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021)

Free P_S4FIN_2021: SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021) Exam Questions and Answers

Last updated: January 14, 2025

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610-P_S4FIN_2021: SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021)

#Question
177. A financial manager seeks insights into operational efficiency. Which SAP S/4HANA tool is most appropriate for this purpose?
A.
Procurement Analysis
B.
Financial Statements
C.
Cost Accounting
D.
Profitability Analysis
Correct Answer: D
Profitability Analysis is most appropriate for gaining insights into operational efficiency by analyzing cost structures in relation to profitability across different business units.

P_S4FIN_2021: SAP Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021)

Discussing...

177. A financial manager seeks insights into operational efficiency. Which SAP S/4HANA tool is most appropriate for this purpose?

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#Question
176. Which feature in SAP S/4HANA can facilitate the automation of reports required for compliance audits?
A.
Reports
B.
Performance Metrics
C.
Document Management
D.
Automated Reporting
Correct Answer: D
Automated Reporting in SAP S/4HANA facilitates the generation of reports for compliance audits, ensuring that necessary documentation is readily available and up-to-date.

P_S4FIN_2021: SAP Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021)

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176. Which feature in SAP S/4HANA can facilitate the automation of reports required for compliance audits?

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#Question
175. To evaluate the cost impact of production variations, which SAP S/4HANA tool would be most beneficial?
A.
Project Management
B.
Financial Consolidation
C.
Variance Analysis
D.
Cost Center Accounting
Correct Answer: C
Variance Analysis allows for evaluating the cost impact of production variations by comparing actual results with planned costs, providing insight into efficiency improvements.

P_S4FIN_2021: SAP Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021)

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175. To evaluate the cost impact of production variations, which SAP S/4HANA tool would be most beneficial?

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#Question
174. A company is reviewing its budget strategy. Which feature in SAP S/4HANA can enhance budget transparency and accountability?
A.
Budget Control
B.
Cost Accounting
C.
Financial Planning
D.
Audit Trail
Correct Answer: A
Budget Control enhances budget transparency and accountability by providing clear monitoring and reporting mechanisms for tracking budget adherence.

P_S4FIN_2021: SAP Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021)

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174. A company is reviewing its budget strategy. Which feature in SAP S/4HANA can enhance budget transparency and accountability?

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#Question
173. Which functionality in SAP S/4HANA assists organizations in managing financial discrepancies in real time?
A.
Compliance Management
B.
Document Management
C.
Real-Time Analytics
D.
Cost Center Accounting
Correct Answer: C
Real-Time Analytics helps organizations identify and manage financial discrepancies as they occur, allowing for immediate corrective actions.

P_S4FIN_2021: SAP Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021)

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173. Which functionality in SAP S/4HANA assists organizations in managing financial discrepancies in real time?

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#Question
172. How can a company utilize SAP S/4HANA to project its future financial performance based on current trends?
A.
Predictive Analytics
B.
Risk Management
C.
Historical Reporting
D.
Financial Statements
Correct Answer: A
Predictive Analytics allows companies to project future financial performance by analyzing current trends and making informed forecasts based on data patterns.

P_S4FIN_2021: SAP Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021)

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172. How can a company utilize SAP S/4HANA to project its future financial performance based on current trends?

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#Question
171. A finance team aims to optimize its invoice processing workflow. Which SAP S/4HANA feature is crucial for this purpose?
A.
Cash Management
B.
Workflow Management
C.
Document Flow
D.
Accounts Payable
Correct Answer: B
Workflow Management in SAP S/4HANA streamlines the invoice processing workflow by automating approvals and routing documents efficiently.

P_S4FIN_2021: SAP Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021)

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171. A finance team aims to optimize its invoice processing workflow. Which SAP S/4HANA feature is crucial for this purpose?

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