[Dec 19, 2021] Free SAP P_S4FIN_2020 Exam Questions & Answer
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SAP S/4HANA Financials Professional Certification Exam Topics:
| Topic Areas | Topic Details, Courses, Books | Weighting |
|---|---|---|
| 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% |
| 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% |
| 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% |
| 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% |
| 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% |
| 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% |
NEW QUESTION 35
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. Account type
- C. Document type
- D. Ledger group
Answer: B,C
NEW QUESTION 36
How can you retract planned data from SAP Business Planning and Consolidation for SAP S/4HANA to SAP S/4HANA? Note: There are 2 correct answers to this question.
- A. Store your planned data in the ACDOCP table.
- B. Use the in-built BPC data extractor and upload template.
- C. Store your planned data in the ACDOCA table.
- D. Use a BW planning cube and a preconfigured content workbook.
Answer: A,D
NEW QUESTION 37
You are performing a system conversion for a customer that uses classic general ledger with the accounts approach. What must you configure in SAP S/4HANA for local and international accounting standards in order to migrate the account values? There are 3 correct answers to this question.
- A. Document types
- B. Accounting principles
- C. Standard ledgers
- D. Ledger groups
- E. Valuation areas (FI)
Answer: B,D,E
NEW QUESTION 38
What are some features of actual costing in SAP S/4 HANA? There are 2 correct answer to this question
- A. Possibility of post-closing in the alternative valuation run (AVR)
- B. Reduced number of steps in the calculation cockpit
- C. Simplified data structure with new table structure
- D. Selection of activity prices of other CO-versions in the standard run
Answer: B,C
NEW QUESTION 39
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 40
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 41
You define an additional extension ledger. What type of ledger can you assign as underlying ledger?
- A. Special ledger
- B. Material ledger
- C. Standard ledger
- D. Reconciliation ledger
Answer: C
NEW QUESTION 42
Which information will be migrated automatically during an SAP S/4HANA finance migration? There are
3 correct answers to this question.
- A. Authorizations
- B. Business partners customizing
- C. General ledger customizing
- D. Account balances
- E. Material ledger customizing
Answer: A,D,E
NEW QUESTION 43
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: E
NEW QUESTION 44
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?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
NEW QUESTION 45
What SAP S/4HANA deployment option will cause the least business disruption for the average SAP end user?
- A. On Premise
- B. Cloud single-tenant
- C. Central finance
- D. Cloud multi-tenant
Answer: A
NEW QUESTION 46
You convert a system from SAP ERP with classic G/L to SAP S/4HANA.
Which activities must you perform in the productive SAP S/4HANA system before the software is installed? There are 2 correct answers to this question.
- A. Activate new Asset Accounting.
- B. Perform G/L customizing for migration.
- C. Start the RAPERB2000 asset report.
- D. Run balance sheet and G/L account balances reporting.
Answer: C,D
NEW QUESTION 47
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. Intervals 1 and 2
- B. Only interval 3
- C. Only interval 2
- D. Intervals 1 and 3
Answer: B
NEW QUESTION 48
You extend the coding block in the universal journal with a custom field. Which components can use this new field without requiring further customization? Note: There are 2 correct answers to this question.
- A. General ledger accounting
- B. Account-based CO-PA
- C. Costing-based CO-PA
- D. Classic profit center accounting.
Answer: A,C
NEW QUESTION 49
Where can you find the automatic write-off program to close unpaid customer balances?
- A. Dispute Management
- B. Collections Management
- C. Treasury Operations
- D. Accounts Receivable
Answer: A
NEW QUESTION 50
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 51
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. Valuation using material cost estimate in costing-based CO-PA and account-based-COPA
- B. Valuation using material cost estimate in account-based CO-PA
- C. The new refinement for cost of goods sold postings in account-based CO-PA
- D. Valuation using material cost estimate in costing-based CO-PA
Answer: C
NEW QUESTION 52
What is the maximum number of currency types that you can report on for a Ledger?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
NEW QUESTION 53
Which of the following is a prerequisite to activating takeover values in asset accounting? Please choose the correct answer.
- A. Only one depreciation area per chart at depreciation is assigned 00.
- B. Takeover values are possible across all depreciation areas.
- C. Depreciation areas must be assigned to the same accounting principles.
- D. Only the depreciation area for book depreciation is assigned 00.
Answer: B
NEW QUESTION 54
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 55
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 cannot continue to use the consolidation staging ledger.
- B. You cannot configure and activate document splitting.
- C. You must define valuation areas for foreign currency valuation.
- D. You must configure profit center and segment accounting.
- E. You must use accounts approach to parallel valuation.
Answer: A,B,D
NEW QUESTION 56
What must you do before a Go Live migration in the productive client can be set to Complete in customizing? Note: There are 2 correct answers to this question.
- A. Transfer application indexes using data aging
- B. Get approval of business department and project management.
- C. Apply small-scale live postings of the day-to-day business to check the system
- D. Finalize the before-and-after comparison of the financial reports with the business department
Answer: A,C
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? Please choose the correct answer.
- A. Intervals 1 and 2
- B. Only interval 3
- C. Only interval 2
- D. Intervals 1 and 3
Answer: B
NEW QUESTION 58
Which step is automatically performed in Asset Accounting when you perform the year-end balance carryforward?
- A. The year-end closing (program RAJABS00) is executed and the previous fiscal year is closed.
- B. The depreciation run (program FAA_DEPRECIATION_POST) for period 12 of the fiscal year is triggered.
- C. The depreciation for the new year is calculated and maintained per asset in table FAAT_PLAN VALUES
- D. The plan/actual variance is calculated for the annual capital expense reporting on statistical cost elements (type 90).
Answer: B
NEW QUESTION 59
Which modules remain unchanged after the migration to SAP S/4HANA? Note: There are 3 correct answers to this question.
- A. Special purpose ledger
- B. Account-based CO-PA
- C. Costing-based CO-PA
- D. Classic profit center accounting
- E. Liquidity planning
Answer: A,C,D
NEW QUESTION 60
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P_S4FIN_2020 Exam Certification Details:
| Cut Score: | 60% |
| Exam: | 80 questions |
| Languages: | English |
| Sample Questions: | SAP P_S4FIN_2020 Exam Sample Question |
| Level: | Associate |
| Duration: | 180 mins |
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