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Exam Code: P_S4FIN_2021
Exam Name: Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts
Vendor: SAP

60 Questions & Answers
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NEW QUESTION: 1
How many Custom Summary Formula Fields are allowed on a single Report?
A. No limit
B. 0
C. 1
D. 2
E. 3
Answer: D

NEW QUESTION: 2
What happens if the result of a transaction is not set?
Options are :
A. It is automatically set to Successful after 24 hours
B. The status is "In Progress" for 24 hours, and then it switches to Abandoned
C. It is automatically set to Failed after 24 hours
Answer: B

NEW QUESTION: 3
Which EU legislation allows data to be transferred between the European Economic Area (EEA) and the United States (USA)?
A. A transfer made under UN law.
B. European Union Directive 95/46 / EC.
C. A suitability decision based on the Privacy Shield program
D. A transfer made on the basis of World Trade Organization legislation.
Answer: C
Explanation:
In July 2016, Implementing Decision 2016/1250 came into force, which legislates that the United States must ensure an adequate level of protection for personal data transferred from the Union to United States organizations under the EU-US Privacy Protection Shield (Privacy Shield).
This is because the United States does not have a single law on the protection of personal data, since because of its internal policy, each state can create its own laws. Privacy Shield aims to standardize this, so that companies in the European Union and the United States can offer their services.
Article 1 of the Implementing Decision 2016/1250:
1. For the purposes of Article 25(2) of Directive 95/46 / EC, the United States ensures an adequate level of protection for personal data transferred from the Union to organisations in the United States under the EU-U.S. Privacy Shield.
2. The EU-U.S. Privacy Shield is constituted by the Principles issued by the U.S. Department of Commerce on 7 July 2016 as set out in Annex II and the official representations and commitments contained in the documents listed in Annexes I, III to VI.
3. For the purpose of paragraph 1, personal data are transferred under the EU-U.S. Privacy Shield where they are transferred from the Union to organisations in the United States that are included in the 'Privacy Shield List', maintained and made publicly available by the U.S. Department of Commerce, in accordance with Sections I and III of the Principles set out in Annex II.


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