P_S4FIN_2020 Training & Certification Get Latest SAP Certified Application Professional Updated on Jan 24, 2022
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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% |
| 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% |
| 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% |
NEW QUESTION 12
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 multi-tenant
- B. On premise
- C. Cloud single-tenant
- D. Central finance
Answer: B
NEW QUESTION 13
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. Configure data depreciation areas to no longer post to the general ledger.
- B. Assign accounting principles to all real and derived depreciation areas.
- C. Define the document type for the accounting-principle-specific-documents.
- D. Convert accounts of parallel valuations to asset reconciliation accounts.
Answer: B,D
NEW QUESTION 14
An asset is being acquired through integration with procurement. How is the asset acquisition value posted? Please choose the correct answer.
- A. Valuated acquisition is posted at settlement.
- B. Non-Valuated acquisition is posted at goods receipt.
- C. Non-valuated acquisition is posted at invoice receipt.
- D. Valuated acquisition is posted at invoice receipt.
Answer: C
NEW QUESTION 15
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 an underlying ledger.
- C. It will generate additional line items in ACDOCA for non-ledger-specific postings.
- D. If asset accounting is used, a depreciation area must be assigned.
Answer: C,D
NEW QUESTION 16
An asset is being acquired through integration with procurement. How is the asset aquisition value posted?
- A. Non-Valuated acquisition is posted at invoice receipt
- B. Non-Valuated acquisition is posted at goods receipt
- C. Valuated acquisition is posted at invoice receipt
- D. Valuated acquisition is posted at settlement
Answer: A
NEW QUESTION 17
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. Cash journal logging
- C. Cash flow reporting
- D. Bank statement processing
Answer: D
NEW QUESTION 18
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. Valuation using material cost estimate in costing-based CO-PA
- D. The new refinement for cost of goods sold postings in account-based CO-PA
Answer: D
NEW QUESTION 19
You create a new G/L account. Which G/L account type can you assign? There are 2 correct answer to this question.
- A. Internal Activity Costs
- B. Secondary Costs
- C. Assessment Costs
- D. Primary Costs or Revenue
Answer: B,D
NEW QUESTION 20
You select the configuration option Set Migration to complete in the conversion of Accounting to SAP S/4HANA.
What does this mean?
There are 3 correct answers to this question
- A. All views are generated successfully
- B. All error messages have been accepted
- C. Customizing is consistent
- D. The previous year can be reopened
- E. Migration for logistics can begin
Answer: A,B,C
NEW QUESTION 21
You maintain a Launchpad for users to which role Z MANACC is assigned. What do you need to do make an app available on the users Launchpad?
- A. Assign the app directly to role Z MANACC
- B. Activate the user parameter for PFCG (role maintenance) for role Z MANACC
- C. Activate the OData Service for role Z MANACC which is assigned to the app according to the SAP Fiori apps reference library
- D. Add the app to a catalog and a group that are assigned to role Z MANACC
Answer: D
NEW QUESTION 22
You notice alpha-numeric document numbers in the Universal journal that do not have a separate document header stored in the BKPF table. Which activities may lead to alpha- numeric document numbers? There are 2 correct answer to this question
- A. Corrections due to migrations
- B. Cross company code postings
- C. Settlement of investment orders
- D. balance carry forward
Answer: A,D
NEW QUESTION 23
Your system currently does NOT use business partners (BP). The master data for suppliers and vendors and the defined account groups are NOT connected and are handled by separate departments. When preparing for integration, what do you have to create?
- A. Create a BP grouping for each customer and vendor account group.
- B. Create a BP type for each industry category in the customer/vendor accounts.
- C. Create a BP role for each customer and vendor account group.
- D. Create a BP category for each legal form maintained for customers/vendors.
Answer: A
NEW QUESTION 24
You need to select the Apply Account Assignments Statistically in Fixed Asset Account/Material Account checkbox in a G/L account master record for an assert G/L account, but these field is currently, NOT available. What could be the reasons for this behavior? Note: There are 2 correct answers to this question.
- A. The G/L account is NOT maintained in the account determination for materials management.
- B. The G/L account is NOT a reconciliation account type for assets.
- C. The G/L account is NOT maintained in the account determination for real-time integration with CO.
- D. The G/L account is NOT maintained in the account determination of fixed asset accounting.
Answer: A,D
NEW QUESTION 25
How do you compensate for the technical clearing account NOT balancing in all accounting principles with the accounts approach for parallel valuation? Please choose the correct answer.
- A. By running the monthly depreciation posting
- B. By maintaining the offset account in the asset account determination
- C. By entering manual corrective clearing transfer postings
- D. By running the periodic acquisition and production cost posting
Answer: B
NEW QUESTION 26
Which ledger-specific configuration can you maintain at company code level? There are 2 correct answer to this question.
- A. Posting period variant
- B. Field status variant
- C. Fiscal year variant
- D. Financial statement version
Answer: A,D
NEW QUESTION 27
If you use the ledger approach, which customization settings must you apply for new Asset Account?
Note: There are 2 correct answers to these questions.
- A. Define a technical clearing account for integrated asset acquisitions.
- B. Set reconciliation account for parallel valuation (non-leading ledger).
- C. Assign an accounting principle to every depreciation area.
- D. Assign a controlling version to each depreciation area.
Answer: A,C
NEW QUESTION 28
You create a G/L account and set the cost element category to 42 (assessment). In what table is the cost element category updated? Please choose the correct answer.
- A. SKA1: G/L Account Master (Chart of Accounts)
- B. CSKA: Cost Elements (Data Dependent on chart of Accounts)
- C. SKB1: G/L Account Master (Company Code)
- D. CSKB: Cost Elements (Data Dependent on Controlling Area)
Answer: D
NEW QUESTION 29
You run foreign currency valuation for both local and international GAAP. This leads to different values for the two different accounting principles. How can you set this up in the system?
- A. Define two valuation methods and assign the accounting principles to the new valuation method
- B. Define a valuation area and extension ledger to link with the new valuation area
- C. Define a valuation area and ledger group for two ledgers to link with the new valuation area.
- D. Define two valuation areas and two accounting principles with relevant links to ledgers
Answer: D
NEW QUESTION 30
What open period is checked by the third interval of the Open Posting Periods variant in financial accounting?
- A. Postings to FI Subledgers
- B. Postings with a special authorization group
- C. Postings to special periods
- D. Postings from CO to FI
Answer: D
NEW QUESTION 31
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 each valuation to a separate ledger.
- C. You can assign more than 3 valuations to different ledgers, if you have enough ledgers defined.
- D. You can assign profit center, group, and legal valuations to the same ledger.
Answer: B,D
NEW QUESTION 32
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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.
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