[Jan 03, 2022] P-S4FIN-2020 Exam Dumps 100% Same Q&A In Your Real Exam
P-S4FIN-2020 Test Engine Dumps Training With 82 Questions
SAP S/4HANA Financials Professional Certification Exam Details:
| 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) |
| 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) |
| Exam Price | $550 (USD) |
| Number of Questions | 80 |
| Duration | 180 mins |
| Level | Associate |
NEW QUESTION 43
Which processes create an artificial controlling document? 2 correct answers
- A. FI posting of primary costs to production order
- B. Assessment from cost center to account based profitability analysis
- C. Stock material consumption on project
- D. Internal activity allocation to sales order
Answer: A,B
NEW QUESTION 44
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: B
NEW QUESTION 45
Which modules read and write line items of the universal journal (ACDOCA)? There are 3 correct answer to this question.
- A. Material ledger with actual costing
- B. Account-based profitability analysis
- C. Cash management
- D. Public sector management
- E. Costing-based profitability analysis
Answer: B,C,D
NEW QUESTION 46
Which transaction types can be restricted to depreciation areas in new Asset Accounting? Note: There are 2 correct answers to this question.
- A. Retirements
- B. Investment support
- C. Revaluation and new valuation
- D. Transfers
Answer: B,C
NEW QUESTION 47
You are converting your system to SAP S/4HANA.
Which functionality became obsolete in SAP S/4HANA in asset accounting and needs to be
- A. year-end closing
- B. non-posting depreciation areas
- C. segment and profit centre reporting
- D. insurance values in the asset master record
Answer: B
NEW QUESTION 48
In which cases can you use a transfer price for goods movement in parallel valuation? There are 2 correct answers to this question.
- A. Between two company codes
- B. Between two accounting principles
- C. Between two profit centers
- D. Between two plants
Answer: A,C
NEW QUESTION 49
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 50
Which downstream activities can be updated when you post a payment in receivables management?
Note: There are 2 correct answers to this question.
- A. Release of an order from credit hold
- B. Update of a promise to pay
- C. Reduction of an open dispute case amount
- D. Update of days sales outstanding calculations
Answer: A,C
NEW QUESTION 51
What setting must be identical between the company code and controlling area? Please choose the correct answer.
- A. The number of special periods
- B. The number of postings and special periods
- C. The fiscal year variant key
- D. The number of posting periods.
Answer: C
NEW QUESTION 52
The classic Asset Accounting posts acquisitions and retirements for a second accounting principle to an extra offset account in the account approach. How is this handled in new Asset Accounting using an accounts approach in SAP S/4HANA?
- A. The accounts approach must be replaced because the ledger approach is the only valid option
- B. There is no need to use such offset accounts anymore because of real-time postings.
- C. The extra offset account is obsolete and will be replaced by the technical clearing account.
- D. The extra offset account has to be used as in the classic Asset Accounting.
Answer: C
NEW QUESTION 53
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 will generate additional line items in ACDOCA for non-ledger-specific postings
- B. It must be assigned to underlying ledger
- C. It is always active on the system level for all company codes
- D. If asset accounting is used depreciation area must be assigned
Answer: A,D
NEW QUESTION 54
You want to configure an extension ledger. Which steps do you need to take? 2 correct answers
- A. Specify the document types for the Extension Ledger
- B. Specify currency types for the Extension Ledger
- C. Select an underlying ledger for the Extension Ledger
- D. Assign a Fiscal Year variant to the Extension Ledger
Answer: B,C
NEW QUESTION 55
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 56
An asset is being acquired through integration with procurement. How is the asset acquisition value posted? Please choose the correct answer.
- A. Non-Valuated acquisition is posted at goods receipt.
- B. Valuated acquisition is posted at invoice receipt.
- C. Non-valuated acquisition is posted at invoice receipt.
- D. Valuated acquisition is posted at settlement.
Answer: C
NEW QUESTION 57
In controlling. What is a mandatory customizing step when converting a system to SAP S/4HANA? Please choose the correct answer.
- A. Define profit center hierarchy.
- B. Activate Account-based CO-PA.
- C. Create document type for CO postings.
- D. Migrate the material ledger.
Answer: B
NEW QUESTION 58
In your SAP S/4HANA system, When does a document posted in controlling become Visible in financial accounting?
- A. When real-time integration is active for the company code
- B. When document splitting is active for the company code
- C. When FI account assignments (such as the segment) change
- D. When any primary and secondary cost and revenue accounts are posted
Answer: D
NEW QUESTION 59
Which of the following roles are delivered as business partner roles? Note: There are 3 correct answers to this question.
- A. Employees
- B. Distribution channels
- C. Banks
- D. Bank accounts
- E. Suppliers
Answer: A,C,E
NEW QUESTION 60
On which levels can you assign semantic tags to a financial statement version in SAP Fiori? There are 3 correct answer to this question.
- A. Financial statement item
- B. Segment
- C. Functional area
- D. Business area
- E. G/L account
Answer: A,C,E
NEW QUESTION 61
What function of cash management allows you to create historical versions of cash flows? Please choose the correct answer.
- A. Cash pooling
- B. Release cash flows
- C. Reconcile cash flows
- D. Snapshot
Answer: D
NEW QUESTION 62
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SAP P-S4FIN-2020 Certification Exam Topics:
| Topic Areas | Topic Details, Courses, Books |
|---|---|
| Basics of SAP HANA, SAP S/4HANA and SAP Fiori < 8% | Explain the SAP HANA Architecture, the SAP S/4HANA solution and deployment, and SAP Fiori and the SAP UI strategy. |
| Financial Accounting Configuration in SAP S/4HANA > 12% | 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. |
| Architecture Overview of Financials in SAP S/4HANA > 12% | 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. |
| Conversion and Post-conversion Activities for Financials in SAP S/4HANA > 12% | Prepare views and master data for conversion and the conversion of transactions, the conversion of balances, and the post-conversion activities. |
| System Preparation and Configuration for Conversion of Financials in SAP S/4HANA > 12% | Run pre-conversion tests, perform customer-vendor integration, customize FI (including asset accounting) and CO for conversion |
| Asset Accounting Configuration in SAP S/4HANA 8% - 12% | 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. |
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