P_S4FIN_2020 PDF Exam Material 2022 Realistic P_S4FIN_2020 Dumps Questions
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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 45
After the migration to SAP S/4HANA 1809, you notice in the currency configuration of the company code that the global currency has the "Currency Is Only Available In Controlling" indicator. What might be the cause of this?
- A. Before the migration, the company code was NOT linked to a controlling area.
- B. The controlling area linked to the company code was defined with currency type 20.
- C. Before the migration, the company code did NOT have any parallel currencies defined.
- D. Before the migration, the group currency of the controlling area was defined as a parallel currency in the company code.
Answer: B,C
NEW QUESTION 46
Before conversion to SAP S/4HANA, which activities must be completed in the SAP ERP system for Asset Accounting? There are 3 correct answers to this question.
- A. Define a technical clearing account for integrated acquisitions.
- B. Define depreciation areas for all currency types
- C. Close all fiscal years except the current one.
- D. Assign accounting principles to all depreciation areas
- E. Activate enterprise extension EA-FIN
Answer: B,C,E
NEW QUESTION 47
What must always be activated after the installation of SAP S/4HANA?
- A. Profit center accounting
- B. Credit management
- C. Transfer prices
- D. Material ledger
Answer: D
NEW QUESTION 48
In your company code, you report on profit centre and segment level. You post a single invoice. What document splitting process does the system use to assign the correct profit centres and
- A. Active document splitting
- B. Passive document splitting
- C. Default account assignment
- D. Document splitting inheritance
Answer: A
NEW QUESTION 49
Your customer uses the ledger approach to multiple valuation. During conversion to SAP S/4HANA, which configurations will be required? There are 2 correct answer to this question.
- A. Assign accounting principles to all real and derived depreciation areas.
- B. Configure data depreciation areas to no longer post to the general ledger.
- C. Convert accounts of parallel valuations to asset reconciliation accounts.
- D. Define the document type for the accounting-principle-specific-documents.
Answer: A,C
NEW QUESTION 50
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 51
During SAP S/4HANA conversion, why is it necessary to migrate balances for FI and CO?
- A. Because the system posts FI/CO documents for all missing line items by comparing them to the balance of the account
- B. Because all balances from the past years are stored in the universal journal
- C. Because the system displays an error if the sum of aggregated line items differs from the balance
- D. Because a delta between all line items and the balance of every account will be updated in the universal journal
Answer: D
NEW QUESTION 52
What are the key components of the intelligent enterprise by SAP? There are 3 correct answers to this question
- A. Intelligent Suite
- B. Seamless integration
- C. Intelligent Technologies
- D. Digital Platform
- E. Hybrid cloud
Answer: A,C,D
NEW QUESTION 53
The customers and suppliers balances of the previous year are carried forward to the new year, but you did NOT run the SAPF010 program (Carry Forward Receivables/Payables) manually in accounts receivable or accounts payable. How was the customer and supplier balance carried forward? Please choose the correct answer.
- A. Because balance carryforward was performed automatically when closing the previous year
- B. Because balance carryforward was performed for the leading ledger in general ledger
- C. Because balance carryforward was performed automatically due to postings to the subledgers in the new year
- D. Because balance carryforward was carried out by the Reconcile Universal Journal Entry transaction since the reconciliation displayed NO error
Answer: B
NEW QUESTION 54
How does the Near-Zero Downtime method minimize the downtime of the productive SAP system during migration?
- A. Optimized data compression is used to minimize the data volume.
- B. SQL database commands are used to accelerate the migration
- C. A clone of the productive system is used.
- D. The data from previous years is archived.
Answer: C
NEW QUESTION 55
Your customer uses SAP ERP on any database with EHP 8, classic G/L with accounts approach, and more than 10 years' worth of dat a. What can you do in separate projects before the SAP S/4HANA conversion to reduce the complexity of your conversion project? Note: There are 2 correct answers to this question.
- A. Launch customer-vendor integration for the business partner.
- B. Implement an archiving project.
- C. Adopt new Asset Accounting.
- D. Create a backup.
Answer: B,D
NEW QUESTION 56
You activate account-based CO-PA (Profitability Analysis) during migration. How is the system affected?
There are 3 correct answers to this question.
- A. Cost-based CO-PA can still be used in parallel.
- B. Historical data will be enriched with characteristics by derivation
- C. Characteristics will be added to the universal journal.
- D. Value fields will be added to the universal journal.
- E. Cost component split (COGS) can be configured in financial accounting
Answer: A,C,E
NEW QUESTION 57
You carry forward balances for your company code and leading ledger to the new fiscal year 2021 and year What could resolve the error?
- A. Run the fiscal year change (transition FAA_CMP) to close fiscal year 2019
- B. Post all depreciation (transaction AFAB) for the fiscal year 2020
- C. Run "calculate depreciation" (transition AFAR) for fiscal year 2021
- D. Post revaluation and new valuation (transition AR29N) for fiscal year 2020
Answer: A
NEW QUESTION 58
What is an advantage of selecting the multi-tenant edition of SAP S/4HANA Cloud instead of an On-premise SAP S/4HANA solution?
- A. Cloud platform compatibility
- B. Support for all industries
- C. Fuller integration to external systems
- D. Faster innovation cycles
Answer: D
NEW QUESTION 59
Where can you view the cost of goods sold (COGS) postings per cost component in CO-PA? Note: There are 3 correct answers to this question.
- A. Moving average COGS in account-based CO-PA
- B. Actual COGS (based on material ledger) in cost-based CO-PA
- C. Actual COGS (based on actual costing) in account-based CO-PA
- D. Standard COGS in account-based CO
- E. Standard COGS in cost-based CO-PA
Answer: B,D,E
NEW QUESTION 60
For which Cases Can you Use SAP Product Lifecycle Costing? There are 2 correct answer to this question.
- A. Standard price cost estimates
- B. Sales order cost estimates
- C. Preliminary cost estimates
- D. Quotation costing
Answer: C,D
NEW QUESTION 61
At which level does the functional migration for finance data have to be performed?
- A. System
- B. Company code
- C. Client
- D. Controlling area
Answer: B
NEW QUESTION 62
On what level can you assign a fiscal year variant to a company code? Please choose the correct answer.
- A. Depreciation area
- B. Ledger
- C. Accounting principle
- D. Valuation area
Answer: B
NEW QUESTION 63
What does the Parallel Accounting Using G/L Accounts indicator in ledger configuration allow you to do?
Please choose the correct answer.
- A. Assign 2 or more accounting principles to 1 ledger
- B. Assign 2 ledgers to 1 company code
- C. Assign 2 or more valuation areas to 1 company code
- D. Assign 2 or more ledgers to 1 accounting principle
Answer: A
NEW QUESTION 64
Which of the following components are obsolete are require migration activities during a Statistical There are 3 correct answers to this question.
- A. Cash Management
- B. Special purpose ledger
- C. Accrual engine
- D. Costing based CO- PA
- E. Classic credit management
Answer: A,B,E
NEW QUESTION 65
You use document splitting and post an incoming invoice via a cost center to segment A.
You then use the Manual Reposting 01 Costa (KB11N) transaction to Repost the expense to segment B.
What happens to the segment assigned to the supplier line item in the original invoice posting?
- A. The open item is assigned to segment B through reclassification at month end.
- B. The open item is assigned to segment B automatically with the CO reposting.
- C. The open item remains on segment A.
- D. The open item is assigned to segment B when the invoice is paid.
Answer: C
NEW QUESTION 66
How can you set up multiple valuations for transfer pricing in your SAP S/4HANA system? There are 2 correct answer to this question.
- A. You can assign additional valuation to special led er(FI-SL).
- B. You can assign each valuation to a separate ledger
- C. You can assign profit center, group and legal valuation to the same ledger
- D. You can assign additional valuation to the extension ledger
Answer: B,C
NEW QUESTION 67
Which reports are included with SAP S/4HANA, embedded analytics? There are 2 correct answer to this question.
- A. Analytical List Page reports
- B. Multidimensional reports
- C. SAP Lumira reports
- D. SAP Analysis for Microsoft Office reports
Answer: A,B
NEW QUESTION 68
Which of the following are available methods of valuation for depreciation areas? There are 3 correct answer to this question.
- A. Calculate additional values for acquisition and product cost.
- B. Define show values, but do NOT post any values to the G/L accounts.
- C. Define how asset values post for accounting principles.
- D. Calculate different values in a depreciation area for a specific purpose
- E. Define how posting values and depreciation terms can be transferred to other areas
Answer: C,D,E
NEW QUESTION 69
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SAP S/4HANA Financials Professional Certification Exam Topics:
| Topic Areas | Topic Details, Courses, Books | Weighting |
|---|---|---|
| Financial Accounting Configuration in SAP S/4HANA | 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. S4F01 (SAP S/4HANA 2020) | > 12% |
| System Preparation and Configuration for Conversion of Financials in SAP S/4HANA | Run pre-conversion tests, perform customer-vendor integration, customize FI (including asset accounting) and CO for conversion S4F03 (SAP S/4HANA 2020) | > 12% |
| Asset Accounting Configuration in SAP S/4HANA | 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. S4F01 (SAP S/4HANA 2020) | 8% - 12% |
| Architecture Overview of Financials in SAP S/4HANA | 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. S4F01 (SAP S/4HANA 2020) | > 12% |
| Conversion and Post-conversion Activities for Financials in SAP S/4HANA | Prepare views and master data for conversion and the conversion of transactions, the conversion of balances, and the post-conversion activities. S4F03 (SAP S/4HANA 2020) | > 12% |
| Management Accounting Configuration in SAP S/4HANA | 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. S4F02 (SAP S/4HANA 2020) | > 12% |
| Basics of SAP HANA, SAP S/4HANA and SAP Fiori | Explain the SAP HANA Architecture, the SAP S/4HANA solution and deployment, and SAP Fiori and the SAP UI strategy. S4F03 (SAP S/4HANA 2020) | < 8% |
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