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SAP Certified Application Professional Dumps P_S4FIN_2020 Exam for Full Questions - Exam Study Guide
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.
P_S4FIN_2020 Exam Certification Details:
| Level: | Associate |
| Languages: | English |
| Exam: | 80 questions |
NEW QUESTION 28
What do you configure to enable the automatic creation of a vendor when you create a business partner? There are 2 correct answers to this question.
- A. The partner functions for vendors
- B. The incoterms for vendors
- C. The business partner grouping key
- D. The customer/vendor integration interface
Answer: C,D
NEW QUESTION 29
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. Creative statistical cost elements for cost and revenues of incoming sales orders
- B. Setup an extension ledger with type "line items with technical numbers"
- C. Activate predictive accounting for incoming sales orders
- D. Activate the indicator for incoming sales orders in the attributes view of the operating concerns
- E. Activate the transfer of incoming sales orders
Answer: A,C,E
NEW QUESTION 30
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 valuation areas to 1 company code
- B. Assign 2 or more ledgers to 1 accounting principle
- C. Assign 2 or more accounting principles to 1 ledger
- D. Assign 2 ledgers to 1 company code
Answer: C
NEW QUESTION 31
What are some features of actual costing in SAP S/4HANA? There are 2 correct answer to this question.
- A. Possibility of post-closing in the alternative valuation run (AVR)
- B. Simplified data structure with new table structure
- C. Selection of activity prices of other CO-version in the standard run
- D. Reduced number of steps in the calculation cockpit
Answer: B,D
NEW QUESTION 32
Which processes create an artificial controlling document? There are 2 correct answer to this question.
- A. Internal activity allocation to sales order
- B. FI posting of primary costs to production order.
- C. Assessment from cost center to account-based profitability analysis
- D. Stock material consumption on project
Answer: B,C
NEW QUESTION 33
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 34
In which sequence do you create the objects required for the SAP financial closing cockpit?
- A. 1. Define task levels
2. Create task group
3. Release task levels
4. Release task group - B. 1. Create template
2. Create tasks
3. Create task lists
4. Release task lists - C. 1. Create task group
2. Create task lists
3 Create tasks
4. Release task lists - D. 1. Define closing periods
2. Create task lists
3. Release task lists
4. Release closing periods
Answer: B
NEW QUESTION 35
What is posted at the same time to both account-based and costing-based profitability analysis? There are 2 correct answer to this question.
- A. Actual cost of goods sold
- B. Incoming sales orders
- C. Actual revenue
- D. Standard cost of goods sold
Answer: A,C
NEW QUESTION 36
Where can you view the cost of goods sold (COGS) postings per cost component in CO-PA? Note: There are 3 correct answers to this question.
- A. Standard COGS in cost-based CO-PA
- B. Standard COGS in account-based CO
- C. Actual COGS (based on actual costing) in account-based CO-PA
- D. Actual COGS (based on material ledger) in cost-based CO-PA
- E. Moving average COGS in account-based CO-PA
Answer: A,B,D
NEW QUESTION 37
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 38
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. Customizing is consistent
- C. The previous year can be reopened
- D. All error messages have been accepted.
- E. Migration for logistics can begin
Answer: A,B,D
NEW QUESTION 39
What cost center planning process can write data directly to plan item table ACDOCP? Please choose the correct answer.
- A. Manual planning of statistical key figures
- B. Formula planning with templates
- C. Internal activity price calculation
- D. Manual planning of cost with workbook
Answer: D
NEW QUESTION 40
How can financial data be stored in the SAP S/4HANA system tables? Note: There are 2 correct answers to this question.
- A. There can be a line item in ACDOCA without a corresponding line item in BSEG.
- B. There can be a line item added in BSEG without a corresponding line item in ACDOCA.
- C. There can be a line item in ACDOCA without a corresponding line item in BKPF.
- D. There can be a line item in BSEG without a corresponding document in BKPF.
Answer: A,C
NEW QUESTION 41
In what system is it important to perform all system conversion steps to identify and solve conversion errors? Please choose the correct answer.
- A. Sandbox
- B. Quality Assurance
- C. Productive
- D. Development
Answer: B
NEW QUESTION 42
Which object do you enter in controlling transactions to update a specific valuation in the universal journal?
- A. Ledger
- B. Valuation area
- C. Accounting principle
- D. Ledger group
Answer: D
NEW QUESTION 43
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. Settlement of internal order (K088)
- B. Post FI supplier invoice (FB70)
- C. Assessment cycle of cost centers (KSUS)
- D. Post time sheet data to Controlling (CAT7)
Answer: B,D
NEW QUESTION 44
You want to sell products from stock.
What do you need to maintain before you can analyse the cost of goods sold (COGS) subdivided By cost component in account-base (COPA).
NOTE: There are 2 correct answers to this question
- A. A collection of primary cost elements to receive the cost portions
- B. A cost splitting profile in general ledger accounting
- C. A settlement profile to control the settlement of cost portions
- D. An extension ledger with type" line items with technical numbers
Answer: A,B
NEW QUESTION 45
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 46
During SAP S/4HANA conversion, why is it necessary to migrate balances for FI and CO?
- A. Because a delta between all line items and the balance of every account will be updated in the universal journal
- B. Because the system posts FI/CO documents for all missing line items by comparing them to the balance of the account
- C. Because the system displays an error if the sum of aggregated line items differs from the balance
- D. Because all balances from the past years are stored in the universal journal
Answer: A
NEW QUESTION 47
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 depreciation areas for all currency types
- B. Close all fiscal years except the current one.
- C. Define a technical clearing account for integrated acquisitions.
- D. Assign accounting principles to all depreciation areas
- E. Activate enterprise extension EA-FIN
Answer: A,B,E
NEW QUESTION 48
What are the key components of the Intelligent Enterprise by SAP? There are 3 correct answer to this question.
- A. Hybrid Cloud
- B. Seamless integration
- C. Intelligent technologies
- D. Digital platform
- E. Intelligent suite
Answer: C,D,E
NEW QUESTION 49
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 GUI
- B. SAP BusinessObjects Analysis for Microsoft Office
- C. SAP Fiori
- D. SAP Business Client
Answer: A
NEW QUESTION 50
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