P-S4FIN-2020 exam questions for practice in 2021 Updated 82 Questions
Updated Oct-2021 Premium P-S4FIN-2020 Exam Engine pdf - Download Free Updated 82 Questions
SAP P-S4FIN-2020 Exam Description:
The 'SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2020)' certification exam validates a candidate's ability to independently prepare, setup and lead an implementation project of Financials in SAP S/4HANA. The candidate should have experience in implementing Financial Accounting and Management Accounting of at least 5 years. In addition, the candidate should understand the differences and innovations in architecture, configuration, and business process execution with SAP S/4HANA. Finally, the candidate will be able to perform all the preparation and execution steps of a project to convert an SAP ERP system to SAP S/4HANA. The core of the knowledge required for successfully passing the certification exam is in the SAP Education curriculum (course, course book including the notes), however the exam scope extends beyond what is explicitly within the content of the materials. In addition, the materials themselves assume an advanced level of familiarity with the implementation, configuration, and execution of SAP Finance business processes with the SAP ERP application.
NEW QUESTION 21
Cost of goods sold (COGS) split functionality is available in account-based CO-PA.
Which settings are necessary? Note: There are 2 correct answers to this question.
- A. Cost elements must be mapped to cost components
- B. Characteristic values and characteristic groups must be maintained
- C. Operating concern currency must be determined.
- D. The corresponding cost elements must exist in the chart of accounts.
Answer: A,D
NEW QUESTION 22
You extend the coding block in the universal journal with a custom field. Which components can use this new field without requiring further customization? Note: There are 2 correct answers to this question.
- A. General ledger accounting
- B. Account-based CO-PA
- C. Costing-based CO-PA
- D. Classic profit center accounting.
Answer: A,C
NEW QUESTION 23
You want to post values of the incoming sales order to both account-based CO-PA and Costing based CO-PA.
What do you need to maintain?
NOTE: There are 3 correct answers to this question
- A. Activate the indicator for incoming sales orders in the attributes view of the operating concerns
- B. Activate predictive accounting for incoming sales orders
- C. Activate the transfer of incoming sales orders
- D. Creative statistical cost elements for cost and revenues of incoming sales orders
- E. Setup an extension ledger with type "line items with technical numbers"
Answer: B,C,D
NEW QUESTION 24
What cost center planning process can write data directly to plan item table ACDOCP? Please choose the correct answer.
- A. Internal activity price calculation
- B. Formula planning with templates
- C. Manual planning of cost with workbook
- D. Manual planning of statistical key figures
Answer: C
NEW QUESTION 25
Where do you assign the customer and vendor account groups when preparing for integration with the business partner (BP)? Note: There are 2 correct answers to this question.
- A. BP role
- B. BP category
- C. BP role group
- D. BP grouping
Answer: A,D
NEW QUESTION 26
Which transactions generate a prima nota entry in the system in addition to the universal journal entry? There are 2 correct answers to this question
- A. Assessment cycle of cost centers (KSUS)
- B. Post time sheet data to Controlling (CAT7)
- C. Settlement of internal order (K088)
- D. Post FI supplier invoice (FB70)
Answer: B,D
NEW QUESTION 27
Which of the following are key benefits of SAP S/4HANA? Note: There are 2 correct answers to this question.
- A. Reduced footprint
- B. Choice of database
- C. Reduced throughput
- D. Choice of deployment
Answer: A,D
NEW QUESTION 28
You notice alpha-numeric document numbers in the Universal journal that do not have a separate document header stored in the BKPF table. Which activities may lead to alpha-numeric document numbers?
There are 2 correct answer to this question.
- A. Balance carry forward
- B. Cross company code postings
- C. Settlement of investment orders
- D. Corrections due to migration
Answer: B,C
NEW QUESTION 29
If you use the ledger approach, which customization settings must you apply for new Asset Account?
Note: There are 2 correct answers to these questions.
- A. Set reconciliation account for parallel valuation (non-leading ledger).
- B. Define a technical clearing account for integrated asset acquisitions.
- C. Assign an accounting principle to every depreciation area.
- D. Assign a controlling version to each depreciation area.
Answer: B,C
NEW QUESTION 30
Which of the following is a prerequisite to activating takeover values between depreciation areas?
- A. Only the depreciation area for book depreciation is assigned 00
- B. Depreciation areas must be assigned to the same accounting principles
- C. Only one depreciation area per chart of depreciation is assigned 00
- D. Takeover values are possible across all depreciation areas
Answer: D
NEW QUESTION 31
Your customer wants to convert their SAP ERP classic general ledger to SAP S/4HANA. What system configuration options are available for the customer within the converted system? There are 2 correct answers to this question.
- A. Implementation of chart of accounts conversion
- B. Implementation of additional ledgers for parallel accounting
- C. Implementation of document splitting
- D. Implementation of additional currency type
Answer: B,C
NEW QUESTION 32
Which information will be migrated automatically during an SAP S/4HANA finance migration? There are
3 correct answers to this question.
- A. Authorizations
- B. Business partners customizing
- C. General ledger customizing
- D. Account balances
- E. Material ledger customizing
Answer: A,D,E
NEW QUESTION 33
What system configuration in your customers current SAP ERP system will have a major effect on the duration and complexity of a system conversion to SAP S/4HANA? Please choose the correct answer.
- A. The system has document splitting activated for all company codes.
- B. The customers use the accounts approach for parallel accounting.
- C. The customer does NOT use business partners to manager customers and suppliers.
- D. The system uses classic asset accounting to manage fixed assets.
Answer: D
NEW QUESTION 34
What is the purpose of the retraction workbook? Please choose the correct answer.
- A. Retract planning data from ERP to BPC
- B. Retract planning data from BPC to ERP
- C. Retract planning data from ERP to BW
- D. Retract planning data from BW to ERP
Answer: B
NEW QUESTION 35
What does the Parallel Accounting Using G/ L Accounts indicator in ledger configuration allow you to do?
- A. Assign 2 ledgers to 1 company code
- B. Assign 2 or more valuation areas to 1 company code
- C. Assign 2 or more ledgers to 1 accounting principle
- D. Assign 2 or more Accounting principles to 1 Ledger
Answer: D
NEW QUESTION 36
Which object acts as a data source for cash management (cash flow analyser) in SAP S/4HANA?
- A. Memo Records
- B. Statistical key figure
- C. Value fields
- D. Bank fees
Answer: A
NEW QUESTION 37
You select the configuration option Set Migration to complete in the conversion of Accounting to SAP S/4HANA.
What does this mean?
There are 3 correct answers to this question
- A. Customizing is consistent
- B. All error messages have been accepted
- C. The previous year can be reopened
- D. All views are generated successfully
- E. Migration for logistics can begin
Answer: A,B,D
NEW QUESTION 38
For which functionality is a productive material ledger a prerequisite? There are 2 correct answer to this question.
- A. Actual costing
- B. Parallel currencies in the universal journal
- C. Actual activity price determination
- D. Parallel valuation for transfer pricing
Answer: A,B
NEW QUESTION 39
Which downstream activities can be updated when you post a payment in receivables management?
Note: There are 2 correct answers to this question.
- A. Update of a promise to pay
- B. Release of an order from credit hold
- C. Update of days sales outstanding calculations
- D. Reduction of an open dispute case amount
Answer: B,D
NEW QUESTION 40
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SAP P-S4FIN-2020 Certification Exam Topics:
| Topic Areas | Topic Details, Courses, Books |
|---|---|
| Architecture Overview of Financials in SAP S/4HANA > 12% | Describe the technical components and architecture of financials in SAP S/4HANA, the Universal Journal Architecture, and analyse the Universal Journal Entry; outline the Simple Finance Solution. |
| Financial Accounting Configuration in SAP S/4HANA > 12% | Describe the new master data maintenance model and explain the changes to authorizations. Describe the enhancement to Ledgers with the Universal Journal; customize and use the Extension Ledger functionality; configure and Use Document Splitting; post documents to Financial Accounting; perform closing operations, and explain Financial Accounting integration. |
| Management Accounting Configuration in SAP S/4HANA > 12% | Perform customizing for Management Accounting integration, configure and use the Material Ledger, explain integration of CO with materials management and integration of CO with sales and distribution, configure and use Profitability Analysis, and perform planning and budgeting for Management Accounting and period-end closing for Management Accounting. |
| Conversion and Post-conversion Activities for Financials in SAP S/4HANA > 12% | Prepare views and master data for conversion and the conversion of transactions, the conversion of balances, and the post-conversion activities. |
| Asset Accounting Configuration in SAP S/4HANA 8% - 12% | Outline the features of new Asset Accounting, compare the types of Asset Accounting (new, classic), configure new Asset Accounting, explain the new Asset Accounting posting logic, and perform day to day activities in new Asset Accounting and period end closing in new Asset Accounting. |
| Basics of SAP HANA, SAP S/4HANA and SAP Fiori < 8% | Explain the SAP HANA Architecture, the SAP S/4HANA solution and deployment, and SAP Fiori and the SAP UI strategy. |
| System Preparation and Configuration for Conversion of Financials in SAP S/4HANA > 12% | Run pre-conversion tests, perform customer-vendor integration, customize FI (including asset accounting) and CO for conversion |
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