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P_S4FIN_2020 PDF Questions and Testing Engine With 82 Questions
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. |
| 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. |
| 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 |
| 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. |
| 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. |
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.
P_S4FIN_2020 Exam Certification Details:
| Exam: | 80 questions |
| Sample Questions: | SAP P_S4FIN_2020 Exam Sample Question |
| Cut Score: | 60% |
| Languages: | English |
| Level: | Associate |
| Duration: | 180 mins |
NEW QUESTION 31
In your system. You are creating a new company code that requires as additional standard ledger. Which statements apply to a standard ledger? There are 2 correct answer to this question
- A. It is always active on the system level for all company codes
- B. It must be assigned to underlying ledger
- C. It will generate additional line items in ACDOCA for non-ledger-specific postings
- D. If asset accounting is used depreciation area must be assigned
Answer: C,D
NEW QUESTION 32
There are 8 customer-specific charts of depreciation in the client that area assigned to 22 active company codes, as required Additionally, there are 7 reference and unused. How many you charts of depreciation do you migrate?
- A. 0
- B. 1
- C. 2
- D. 3
- E. 4
Answer: C
NEW QUESTION 33
What are the key components of the Intelligent Enterprise by SAP? There are 3 correct answer to this question.
- A. Intelligent technologies
- B. Seamless integration
- C. Digital platform
- D. Intelligent suite
- E. Hybrid Cloud
Answer: A,C,D
NEW QUESTION 34
A customer wants to analyze a G/L account, which is presenting asset acquisition value, on an investment order. What do you maintain in the G/L account master record to achieve this? There are 2 correct answers to this question.
- A. Define the G/L account as an asset reconciliation account
- B. Select the Record Account Assignment indicator.
- C. Enter value 90 in the cost element category field.
- D. Set the G/L account type to Non-operating Expenses or income
Answer: A,B
NEW QUESTION 35
Which account assignments can you use to classify line items posted into different source assignments for revenue recognitions? Note: There are 3 correct answers to this question.
- A. Value field
- B. G/L accounts
- C. Profit center
- D. Cost element categories
- E. Billing condition types.
Answer: B,D,E
NEW QUESTION 36
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 the extension ledger
- B. You can assign profit center, group and legal valuation to the same ledger
- C. You can assign each valuation to a separate ledger
- D. You can assign additional valuation to special led er(FI-SL).
Answer: B,C
NEW QUESTION 37
You want to set up a multi-level gross margin report in profitability analysis (CO-PA). What do you customize to reopen the fixed and variable values separately? 2 correct questions
- A. Account-based CO-PA: no specific customizing is necessary
- B. Costing-based CO-PA: assign different value fields (assignment of different value fields in necessary)
- C. Costing-based CO-PA: no specific customizing is necessary
- D. Account-based CO-PA:assign different accounts(assignment of different accounts is necessary)
Answer: B,D
NEW QUESTION 38
In your system. You are creating a new company code that requires as additional standard ledger. Which statements apply to a standard ledger? There are 2 correct answer to this question.
- A. If asset accounting is used, a depreciation area must be assigned.
- B. It must be assigned to an underlying ledger.
- C. It will generate additional line items in ACDOCA for non-ledger-specific postings.
- D. It is always active on the system level for all company codes.
Answer: A,C
NEW QUESTION 39
For which parameters can you define the minimum life to maintain documents in financial accounting for data aging? Note: There are 2 correct answers to this question.
- A. Document number
- B. Document type
- C. Ledger group
- D. Account type
Answer: B,D
NEW QUESTION 40
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 transfer of incoming sales orders
- B. Activate the indicator for incoming sales orders in the attributes view of the operating concerns
- C. Creative statistical cost elements for cost and revenues of incoming sales orders
- D. Activate predictive accounting for incoming sales orders
- E. Setup an extension ledger with type "line items with technical numbers"
Answer: A,C,D
NEW QUESTION 41
In which of the possible scenarios can you indicate that an account is also a statistical cost elements?
There are 2 correct answer to this question.
- A. It is used as a work in process (WIP) inventory account in the material account assignment.
- B. It is used as inventory account in the material account assignment.
- C. It is used as balance sheet account in fixed asset accounting.
- D. It is used as special reserve balance account in fixed asset accounting.
Answer: A,C
NEW QUESTION 42
You are converting your system to SAP S/4HANA.
In your system you have:Three company codes assigned to a single controlling areaControlling area is assigned to fiscal year variant K4.Two company codes assigned to fiscal year variant K2One company code assigned to variant K3. During conversion to SAP S/4HANA, what do you need to change?
- A. Change the controlling area to fiscal year variant K3.
- B. Change all company codes to fiscal year variant K2.
- C. Change all company codes and the controlling area to fiscal year variant K2.
- D. Change all company codes to fiscal year variant K4
Answer: D
NEW QUESTION 43
What are some features of actual costing in SAP S/4 HANA? There are 2 correct answer to this question
- A. Reduced number of steps in the calculation cockpit
- B. Selection of activity prices of other CO-versions in the standard run
- C. Possibility of post-closing in the alternative valuation run (AVR)
- D. Simplified data structure with new table structure
Answer: A,D
NEW QUESTION 44
You need to transfer multiple standard cost prices to CO-PA in an SAP S/4HANA system. What do you need to set up?
- A. The new refinement for cost of goods sold postings in account-based CO-PA
- B. Valuation using material cost estimate in account-based CO-PA
- C. Valuation using material cost estimate in costing-based CO-PA and account-based-COPA
- D. Valuation using material cost estimate in costing-based CO-PA
Answer: A
NEW QUESTION 45
What SAP S/4HANA deployment option will cause the least business disruption for the average SAP end user? Please choose the correct answer.
- A. Cloud single-tenant
- B. Cloud multi-tenant
- C. Central finance
- D. On premise
Answer: D
NEW QUESTION 46
An asset is being acquired through integration with procurement. How is the asset aquisition value posted?
- A. Non-Valuated acquisition is posted at goods receipt
- B. Valuated acquisition is posted at settlement
- C. Valuated acquisition is posted at invoice receipt
- D. Non-Valuated acquisition is posted at invoice receipt
Answer: D
NEW QUESTION 47
What system configuration in your customers current SAP ERP system will have a major effect on the duration and complexity of the system conversion to S/4HANA?
- A. The system uses classic asset account to manage fixed assets
- B. The customer does NOT use business partners to manage customers and suppliers
- C. The customers uses the accounts approach for parallel accounting.
- D. The system has document splitting activated for all company codes
Answer: A
NEW QUESTION 48
Which of the following options in SAP S/4HANA 1809 is only possible in costing-based CO-PA and NOT in account-based CO-PA?
- A. Manual postings.
- B. Production variance split per variance category.
- C. Sales order entry postings.
- D. Cost of goods sold (COGS) split per cost component.
Answer: A
NEW QUESTION 49
Which downstream activities can be updated when you post a payment in receivables management?
Note: There are 2 correct answers to this question.
- A. Release of an order from credit hold
- B. Reduction of an open dispute case amount
- C. Update of days sales outstanding calculations
- D. Update of a promise to pay
Answer: A,B
NEW QUESTION 50
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