[Jan-2022] Pass SAP P_S4FIN_2020 Tests Engine pdf - All Free Dumps
SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts Practice Tests 2022 | Pass P_S4FIN_2020 with confidence!
SAP S/4HANA Financials Professional Certification Exam Details:
| Exam Name | SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 1909) |
| Schedule Exam | SAP Training |
| Reference Books | S4F01 (SAP S/4HANA 2020) S4F02 (SAP S/4HANA 2020) S4F03 (SAP S/4HANA 2020) S4F01 (SAP S/4HANA 1909) S4F02 (SAP S/4HANA 1909) S4F03 (SAP S/4HANA 1909) |
| Number of Questions | 80 |
| Duration | 180 mins |
| Exam Code | P_S4FIN_2020 |
| Sample Questions | SAP S/4HANA Financials Professional Certification Sample Questions |
SAP S/4HANA Financials Professional Certification Exam Topics:
| Topic Areas | Topic Details, Courses, Books | Weighting |
|---|---|---|
| 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% |
| 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% |
| 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% |
| 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% |
NEW QUESTION 33
In your SAP S/4HANA system, ledger group L1 is assigned to a US GAAP accounting principle. You want to assign ledger group to the L1 to a separate depreciation areas that posts acquisition and production cost APC) and depreciation values. Which of the following limitations prevent you from making assignment?
- A. One of the underlying ledgers is assigned to a fiscal year variant that has a different start/end date than the other ledgers.
- B. You use the accounts approach to parallel valuation and all accounting principles are assigned to a single ledger.
- C. You assign transfer of APC values only from depreciation areas to which the same accounting principle is assigned.
- D. The US GAAP values need to be reported in USG-but-the company code currency is defined as EUR.
Answer: C
NEW QUESTION 34
You have integrated SAP Cash Application on the SAP Cloud Platform with your SAP S/4HANA system.
Which process does SAP Cash Application help you with?
- A. Monitoring bank risk
- B. Bank statement processing
- C. Cash flow reporting
- D. Cash journal logging
Answer: B
NEW QUESTION 35
Your customer is implementing a new installation of SAP S/4HANA.
Which of the following technical components must be installed?
- A. SAP S/4HANA, embedded Business Warehouse
- B. SAP Fiori for SAP S/4HANA
- C. SAP NetWeaver Application Server
- D. SAP Business Planning and Consolidation for SAP S/4HANA
Answer: C
NEW QUESTION 36
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. Manual planning of statistical key figures
- C. Manual planning of cost with workbook
- D. Formula planning with templates
Answer: C
NEW QUESTION 37
What can you do with SAP S/4HANA accrual management?
- A. Post and analyse accruals in all currencies defined for the general ledger
- B. Automatically calculate accruals for asset acquisitions with purchase orders
- C. Carry forward accruals to future years independent of the other ledger values
- D. Post planned accrual amounts in table ACDOCP and analyse them in reports
Answer: B
NEW QUESTION 38
For which functionality is a productive material ledger a prerequisite? There are 2 correct answer to this question.
- A. Parallel currencies in the universal journal
- B. Parallel valuation for transfer pricing
- C. Actual costing
- D. Actual activity price determination
Answer: A,C
NEW QUESTION 39
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 convened system? There are 2 correct answers to this question
- A. Implementation of additional document splitting
- B. Implementation of additional ledgers for parallel accounting
- C. Implementation of chart of account conversion
- D. Implementation of additional currency type
Answer: A,D
NEW QUESTION 40
Your customer has an SAP ERP system with classic G/L accounting and wants to convert to SAP S/4HANA as soon as possible during the current fiscal year. Which limitations apply in SAP S/4HANA? There are 3 correct answer to this question.
- A. You must use the accounts approach to parallel valuation
- B. You must define valuation areas for foreign currency valuation
- C. You cannot continue to use the consolidation staging ledger
- D. You must configure profit center and segment accounting
- E. You cannot configure and activate document splitting
Answer: C,D,E
NEW QUESTION 41
Your customer upgraded a system to SAP S/4HANA for test reasons. During testing, you receive feedback from the business department that while opening and closing posting periods, the systems asks for a customizing request. What is the reason? Please choose the correct answer.
- A. The authorization to save the posting periods is missing.
- B. This is a new feature in SAP S/4HANA as proof of change.
- C. The client role is set to test in the client maintenance.
- D. The migration is NOT set to complete.
Answer: 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 all company codes and the controlling area to fiscal year variant K2.
- B. Change all company codes to fiscal year variant K4
- C. Change all company codes to fiscal year variant K2.
- D. Change the controlling area to fiscal year variant K3.
Answer: B
NEW QUESTION 43
What are the data sources for cash management in SAP S/4HANA? There are 3 correct answers to this question.
- A. Price records
- B. Sales order records
- C. Memo records
- D. Consolidation records
- E. Purchase order records
Answer: B,C,E
NEW QUESTION 44
Which type of extension ledger do you set up to record incoming sales orders for account based profitability analysis?
- A. Extension
- B. Prediction and commitments
- C. Simulation
- D. Valuation
Answer: B
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 group currency of the controlling area was defined as a parallel currency in the company code.
- 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 company code was NOT linked to a controlling area.
Answer: B,C
NEW QUESTION 46
Your company code is configured with three depreciation areas that post in real time The company is configured to update company code and group currency types. How many documents are posted when you post a partial scrapping for a single depreciation area?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION 47
You activate account-based CO-PA (Profitability Analysis) during migration. How is the system affected?
There are 3 correct answers to this question.
- A. Historical data will be enriched with characteristics by derivation
- B. Cost component split (COGS) can be configured in financial accounting
- C. Characteristics will be added to the universal journal.
- D. Value fields will be added to the universal journal.
- E. Cost-based CO-PA can still be used in parallel.
Answer: B,C,E
NEW QUESTION 48
Which checks can you run directly in an SAP ECC system to support the planning of a standard SAP S/4HANA conversion. NOTE: There are 3 correct answers to this question.
- A. SAP readiness check
- B. Authority check
- C. Simplification item check
- D. Custom code check
- E. Global performance analysis
Answer: C,D,E
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. Define the document type for the accounting-principle-specific-documents
- B. Configure delta depreciation areas to no longer post to the General ledger
- C. Assign accounting principle to all real and derived depreciation areas
- D. Convert accounts of parallel valuations to asset reconciliation accounts
Answer: C,D
NEW QUESTION 50
A document can have up to 999999 line items in the universal journal (reposing or G/L view). How does this affect the entry view (table BSEG)?
- A. The system splits the single entry into multiple documents as required
- B. It is limited to 999 items
- C. It is extended to 999999 line items
- D. The entry view is also based on the universal journal
Answer: B
NEW QUESTION 51
What does an administrator need to do in the SAP Fiori Gateway server in order to launch a native SAP Fiori application from the SAP Fiori Launchpad? Note: There are 2 correct answers to this question.
- A. Assign the SAP Fiori tile group to a role relevant for the user.
- B. Activate the OData service relevant for the app.
- C. Activate the SAP Screen Personas flavor for the app.
- D. Assign the SAP Fiori tile catalog to a role relevant for the user.
Answer: B,D
NEW QUESTION 52
You are performing a legacy asset data transfer in your SAP S/4HANA system. Your fiscal year end date is December 31.2017 and your asset transfer date is February 26 2018.Which of the following values do you need to provide during legacy asset transfer? Note: There are 3 correct answers to this question.
- A. Ordinary depreciation values
- B. Accumulated depreciation values
- C. Acquisition and production costs
- D. Unplanned depredation values
- E. Revaluation value
Answer: A,B,C
NEW QUESTION 53
In which sequence do you create the objects required for the SAP financial closing cockpit?
- A. 1. Define closing periods
2. Create task lists
3. Release task lists
4. Release closing periods - B. 1. Create task group
2. Create task lists
3 Create tasks
4. Release task lists - C. 1. Define task levels
2. Create task group
3. Release task levels
4. Release task group - D. 1. Create template
2. Create tasks
3. Create task lists
4. Release task lists
Answer: D
NEW QUESTION 54
What open period is checked by the third interval of the Open Posting Periods variant in financial accounting?
- A. Postings to special periods
- B. Postings from CO to FI
- C. Postings to FI Subledgers
- D. Postings with a special authorization group
Answer: B
NEW QUESTION 55
Your customer wants a new ERP solution and is looking at the SAP S/4HANA software. The customer has a skilled in-house IT team that they want to upskill and keep moving the forward. They want maintain a filly customizable solution without completely disrupting their current processes. Which SAP S/4HANA solution will you propose?
- A. Public cloud
- B. Hybrid
- C. Private cloud
- D. On-premise
Answer: D
NEW QUESTION 56
What data is migrated during system conversion? Please choose the correct answer.
- A. Only company codes and years selected in the customizing for migration
- B. Only company codes flagged as productive with all years
- C. All company codes for the years you specify
- D. All company codes with all data of all years.
Answer: D
NEW QUESTION 57
You run an assessment cycle, but no postings are made because the posting period is NOT open. Which period intervals do you need to maintain so that the results of the assessment can be posted without allowing other FI postings?
- A. Only interval 3
- B. Intervals 1 and 3
- C. Intervals 1 and 2
- D. Only interval 2
Answer: A
NEW QUESTION 58
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