2021 Realistic Verified Free SAP P-S4FIN-2020 Exam Questions
P-S4FIN-2020 Real Exam Questions and Answers FREE
SAP S/4HANA Financials Professional Certification Exam Topics:
| Topic Areas | Topic Details, Courses, Books | Weighting |
|---|---|---|
| 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% |
| 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% |
| 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% |
| 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% |
| 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% |
| 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% |
NEW QUESTION 15
For which account assignments can you perform realignment in the universal journal? Note: There are 2 correct answers to this question.
- A. Sales region
- B. Customer group
- C. Functional area
- D. Profit center
Answer: A,B
NEW QUESTION 16
Which object do you enter in controlling transactions to update a specific valuation in the universal journal?
- A. Ledger group
- B. Ledger
- C. Accounting principle
- D. Valuation area
Answer: A
NEW QUESTION 17
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 18
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. This is a new feature in SAP S/4HANA as proof of change.
- B. The migration is NOT set to complete.
- C. The client role is set to test in the client maintenance.
- D. The authorization to save the posting periods is missing.
Answer: C
NEW QUESTION 19
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. Post time sheet data to Controlling (CAT7)
- B. Assessment cycle of cost centers (KSU5)
- C. Settlement of internal order (KO88)
- D. Post FI supplier invoice (FB60)
Answer: A,D
NEW QUESTION 20
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 21
You are migrating from classic Asset Accounting to new Asset Accounting as part of your SAP S/4HANA migration. Yon have created an additional depreciation area for group currency under the chart of depredation. What are the critical steps for fixed assets? Note: There are 3 correct answers to this question.
- A. Activate the new depreciation areas for the individual assets for the respective company codes.
- B. Update the depredation key for the new depreciation area.
- C. Activate the new depreciation areas for asset classes under the chart of depreciation.
- D. Manually recalculate depreciation for the new depreciation area.
- E. Update G/L accounts for the new depreciation area for the chart of depreciation.
Answer: C,D,E
NEW QUESTION 22
What happens during the migration activity Regenerate CDS Views and Field Mapping? Note: There are
2 correct answers to this question.
- A. The field mapping for the customer and vendor integration is created.
- B. The redirection of SELECT statements is generated.
- C. The customer-specific fields are included in the data migration procedure.
- D. The OData services for SAP Fiori integration are activated.
Answer: B,C
NEW QUESTION 23
For which functionality is a productive material ledger a prerequisite?
- 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 24
Which values can be posted to a specific ledger? There are 3 correct answer to this question.
- A. Taxes
- B. Accruals
- C. Payments
- D. Depreciation
- E. Currency valuation
Answer: B,C,D
NEW QUESTION 25
Which technologies help you decrease data volume in the SAP HANA database? There are 2 correct answer to this question.
- A. Aging
- B. Indexing
- C. Mirroring
- D. Archiving
Answer: A,D
NEW QUESTION 26
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 27
What can you assign in a depreciation area in SAP S/4HANA Finance asset accounting?
- A. An accounting principle
- B. Clearing account
- C. Parallel ledger
- D. Ledger group
Answer: A
NEW QUESTION 28
What are the parameters to define different technical clearing accounts for integrated acquisition in new asset counting? There are 2 correct answer to this question.
- A. Chart of accounts
- B. Company code
- C. Chart of depreciation
- D. Account determination
Answer: A,D
NEW QUESTION 29
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 will generate additional line items in ACDOCA for non-ledger-specific postings.
- C. It must be assigned to an underlying ledger.
- D. It is always active on the system level for all company codes.
Answer: A,B
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
You perform an SAP S/4HANA migration. Some of the company codes were NOT used for years and the data posted to these company codes is no longer legally equied. How do you handle these company codes?
- A. Migrate all company codes of the client.
- B. Migrate all company codes you selected in customizing.
- C. Migrate all company codes flagged as productive.
- D. Archive all data from unused company codes.
Answer: A
NEW QUESTION 32
You compare the ACDOCA and BSEG tables and find that some Fl documents are NOT stored in the BSEG table. Which of the following financial accounting transactions creates entries only in the ACDOCA table?
- A. Cash journal posting
- B. Depreciation run
- C. Execute profit-center allocation
- D. Post vendor invoice
Answer: C
NEW QUESTION 33
Which of the following front-end clients can you NOT use in the standard system for SAP Business Planning and Consolidation for SAP S/4HANA Finance? Please choose the correct answer.
- A. SAP BusinessObjects Analysis for Microsoft Office
- B. SAP Fiori
- C. SAP Business Client
- D. SAP GUI
Answer: D
NEW QUESTION 34
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. If asset accounting is used depreciation area must be assigned
- D. It will generate additional line items in ACDOCA for non-ledger-specific postings
Answer: C,D
NEW QUESTION 35
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P-S4FIN-2020 Exam Certification Details:
| Languages: | English |
| Level: | Associate |
| Exam: | 80 questions |
| Cut Score: | 60% |
| Duration: | 180 mins |
| Sample Questions: | SAP P-S4FIN-2020 Exam Sample Question |
Exam Dumps P-S4FIN-2020 Practice Free Latest SAP Practice Tests: https://www.actual4dumps.com/P-S4FIN-2020-study-material.html