Updated Free SAP P_S4FIN_2020 Test Engine Questions with 82 Q&As
The Best SAP Certified Application Professional P_S4FIN_2020 Professional Exam Questions
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% |
| 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% |
| 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% |
| 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% |
| 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% |
| 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% |
| 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% |
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 19
What are the improvements to new cash pooling? There are 2 correct answers to this question.
- A. Different payment methods for payment requests can be specified in different paying company codes.
- B. The business user can define "expected amount" and "minimal movement amount" for every bank account without configuration.
- C. You can set deficit and excess tolerances. If the balance is between the tolerances, no transfer is made.
- D. The balance before concentration and the simulated balance after the concentration can be compared.
Answer: B,D
NEW QUESTION 20
With SAP S/4HANA simplified logistics, which of the following are relevant to the material ledger? Note:
There are 2 correct answers to this question.
- A. The material ledger with actual costing requires a periodic costing run to update inventory values.
- B. The migration of material ledger is required when SAP S/4HANA Finance is already used in the legacy system.
- C. The migration of material ledger is NOT required if SAP S/4HANA Finance is already used in the legacy system.
- D. The material ledger uses the currencies defined in both the leading and non-leading ledgers.
Answer: A,B
NEW QUESTION 21
For which functionality is a productive material ledger a prerequisite? There are 2 correct answer to this question.
- A. Actual activity price determination
- B. Actual costing
- C. Parallel valuation for transfer pricing
- D. Parallel currencies in the universal journal
Answer: B,D
NEW QUESTION 22
On what level can you assign a fiscal year variant to a company code? Please choose the correct answer.
- A. Depreciation area
- B. Accounting principle
- C. Valuation area
- D. Ledger
Answer: D
NEW QUESTION 23
What are planning level and planning group used for in SAP Cash Management? There are 2 correct answers to this question.
- A. - Planning level is used to differentiate between strategic, business, and operational plan.
- Planning group is used to group assets by order of liquidity: petty cash, bank, AR/AP, investments, etc. - B. - Planning group is used to group customers and vendors to enable accurate forecast.
- Planning level is used to control displays in SAP Cash Management and to differentiate between noted item, purchase order, bank account, etc. - C. Planning level and planning group are used in the configuration of the grouping structure, which enables you to group bank and subledger accounts together in the cash position or the liquidity forecast.
- D. - Planning level is used in the company code data of the business partner to control accounts receivable and accounts payable in SAP Cash Management.
- Planning group is used in the G/L account data to enable the liquidity forecast.
Answer: B,C
NEW QUESTION 24
Where can you find the automatic write-off program to close unpaid customer balances?
- A. Collections Management
- B. Dispute Management
- C. Treasury Operations
- D. Accounts Receivable
Answer: B
NEW QUESTION 25
In your SAP S/4HANA system, you use the accounts approach for parallel valuation and report financial values for three separates accounting principles. You post an acquisition for an asset that is capitalized in a single accounting principle. If you use the application for posting integrated asset acquisitions, how many documents will the system post? Please choose the correct answer.
- A. 0
- B. 1
- C. 2
- D. 3
Answer: D
NEW QUESTION 26
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. Post all depreciation (transaction AFAB) for the fiscal year 2020
- B. Run "calculate depreciation" (transition AFAR) for fiscal year 2021
- C. Post revaluation and new valuation (transition AR29N) for fiscal year 2020
- D. Run the fiscal year change (transition FAA_CMP) to close fiscal year 2019
Answer: D
NEW QUESTION 27
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 more than 3 valuations to the same ledger.
- B. You can assign more than 3 valuations to different ledgers, if you have enough ledgers defined.
- C. You can assign each valuation to a separate ledger.
- D. You can assign profit center, group, and legal valuations to the same ledger.
Answer: C,D
NEW QUESTION 28
Which technology supports adoption of the SAP HANA architecture?
- A. High-speed, long-range wireless network protocols.
- B. Multi-core, multi-thread central processing units.
- C. Smartphone devices
- D. Fast and reliable solid-state disks
Answer: B
NEW QUESTION 29
What function is delivered with business function EA-FIN to support SAP S/4HANA?
- A. Parallel ledgers
- B. New Depreciation Engine
- C. Special valuations
- D. Parallel depreciation areas
Answer: B
NEW QUESTION 30
What do you manage within cash operations of SAP Cash Management? Note: There are 2 correct answers to this question.
- A. Daily cash position, deficits, and surpluses
- B. Bank risk analysis and risk mitigation
- C. Hedging and hedging contracts
- D. Credit limits for customer accounts
Answer: A,B
NEW QUESTION 31
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 32
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 area for all currency types
- C. Activate Enterprise Extension EA-FIN
- D. Close all fiscal years except the current one
- E. Assign accounting principle to all depreciation areas
Answer: B,C,D
NEW QUESTION 33
How many digits for the amount field on the financial document line item level are supported in the universal journal?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
NEW QUESTION 34
In controlling. What is a mandatory customizing step when converting a system to SAP S/4HANA? Please choose the correct answer.
- A. Migrate the material ledger.
- B. Activate Account-based CO-PA.
- C. Define profit center hierarchy.
- D. Create document type for CO postings.
Answer: B
NEW QUESTION 35
The following ledgers are assigned to your company code in financial accounting. Standard ledgers A and B Extension ledger C with Standard ledger A as. Which ledgers are listed in the universal journal entry line items after you enter an incoming ivocie?
- A. Standard ledger B
- B. Standard ledger A
Standard ledger B - C. Standard ledger A
Extension ledger C - D. Extension ledger C
Standard ledger A - E. Extension ledger C
Standard ledger B
Answer: B
NEW QUESTION 36
Your customer is implementing a new installation of SAP S/4HANA.
Which of the following technical components must be installed?
- A. SAP Fiori for SAP S/4HANA
- B. SAP NetWeaver Application Server
- C. SAP S/4HANA, embedded Business Warehouse
- D. SAP Business Planning and Consolidation for SAP S/4HANA
Answer: B
NEW QUESTION 37
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 or more valuation areas to 1 company code
- C. Assign 2 or more ledgers to 1 accounting principle
- D. Assign 2 ledgers to 1 company code
Answer: A
NEW QUESTION 38
You perform planning in SAP Business Planning and Consolidation for SAP S/4HANA.
Why do you retract the plan data from SAP Business Planning and Consolidation for SAP SI4HANA and return it to the standard planning tables? Note: There are 2 correct.
- A. To perform planning allocation
- B. To prepare for financial consolidation
- C. To perform availability
- D. To use standard SAP GUI plan/actual reporting
Answer: A,D
NEW QUESTION 39
You start your first sandbox migration and get a lot of errors. How are errors in an SAP S/4HANA migration handled? There are 2 correct answer to this question.
- A. All errors must be corrected during migration to complete it.
- B. Errors must be clarified, and uncritical errors can be ignored
- C. Critical errors must be resolved in the production system before Go Live.
- D. All errors related to closed years can be ignored.
Answer: A,C
NEW QUESTION 40
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