[Jan-2022] P_S4FIN_2020 exam torrent SAP study guide
Use Valid New P_S4FIN_2020 Test Notes & P_S4FIN_2020 Valid Exam Guide
SAP S/4HANA Financials Professional Certification Exam Topics:
| Topic Areas | Topic Details, Courses, Books | Weighting |
|---|---|---|
| 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% |
| 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% |
| 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 33
A document can have up to 999999 line items in the universal journal (reposing or G/L view). How does this affect the entry view (table BSEG)?
- A. The system splits the single entry into multiple documents as required
- B. It is limited to 999 items
- C. It is extended to 999999 line items
- D. The entry view is also based on the universal journal
Answer: B
NEW QUESTION 34
Which information will be migrated automatically during an SAP S/4HANA finance migration? There are
3 correct answers to this question.
- A. General ledger customizing
- B. Business partners customizing
- C. Authorizations
- D. Account balances
- E. Material ledger customizing
Answer: C,D,E
NEW QUESTION 35
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: D
NEW QUESTION 36
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 37
How many digits for the amount field on the financial document line item level are supported in the universal journal? Please choose the correct answer.
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
NEW QUESTION 38
Which actions will dose a dispute case created for a short payment? Note: There are 2 correct answers to this question.
- A. Running the auto-confirm dispute case program.
- B. Posting a credit memo for only cash discount amount.
- C. Running the automatic write-off program.
- D. Receiving a payment for the open amount.
Answer: C,D
NEW QUESTION 39
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? Please choose the correct answer.
- A. Add the app to a catalog and a group that are assigned to role Z_MANACC
- B. Activate the user parameter for PFCG (role maintenance) for role Z_MANACC
- C. Assign the app directly to role Z_MANACC
- D. Activate the OData Service for role Z_MANACC which is assigned to according to the app according to the SAP Fiori apps reference library.
Answer: A
NEW QUESTION 40
What open period is checked by the third interval of the Open Posting Periods variant in financial accounting?
- A. Postings to special periods
- B. Postings from CO to FI
- C. Postings to FI Subledgers
- D. Postings with a special authorization group
Answer: B
NEW QUESTION 41
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 flagged as productive.
- C. Archive all data from unused company codes.
- D. Migrate all company codes you selected in customizing.
Answer: A
NEW QUESTION 42
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 43
Your customer has created a custom ABAP report in an SAP ERP system based on totals table GLTO. How is this totals table treated in SAP S/4HANA to safeguard custom ABAP reporting programs?
- A. The table is treated as a transient provider using BW query functionality
- B. The content of the table is deleted and compatibility view is generated
- C. The entries of the table are converted into column store
- D. The balances of the table are posted as additional line items in the universal journal.
Answer: B
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? Please choose the correct answer.
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION 45
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. The new refinement for cost of goods sold postings in account-based CO-PA
- B. Valuation using material cost estimate in costing-based CO-PA
- C. Valuation using material cost estimate in account-based CO-PA
- D. Valuation using material cost estimate in costing-based CO-PA and account-based-COPA
Answer: A
NEW QUESTION 46
You want to convert your system from an account solution into a ledger solution without a prior new G/ L migration project. Which scenario can be used? NOTE: There are 2 correct answers to this question.
- A. Central Finance
- B. New Implementation (greenfield)
- C. System conversion (Brownfield)
- D. Selective data transition
Answer: A,B
NEW QUESTION 47
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 Business Client
- C. SAP GUI
- D. SAP Fiori
Answer: C
NEW QUESTION 48
What setting must be identical between the company code and controlling area?
- A. The number of special periods
- B. The number of postings and special periods
- C. The number of posting periods
- D. The fiscal year variant key
Answer: D
NEW QUESTION 49
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. Selection of activity prices of other CO-versions in the standard run
- C. Reduced number of steps in the calculation cockpit
- D. Simplified data structure with new table structure
Answer: C,D
NEW QUESTION 50
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 must be assigned to an underlying ledger.
- B. It is always active on the system level for all company codes.
- 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 51
In the standard delivery system, what is the maximum of components you can use for the primary
- A. 0
- B. 1
- C. 2
- D. 3
Answer: D
NEW QUESTION 52
What conversion preparation step can be executed only after installing SAP S/4HANA? Please choose the correct answer.
- A. Simplification item check
- B. SAP readiness check
- C. Check customizing settings prior to migration
- D. Maintenance planner
Answer: C
NEW QUESTION 53
Your customer wants to maintain the current customer and supplier account numbers even after migrating to business partners. The customer also wants to ensure the account numbers continue to be aligned after the conversion. What settings must be made to ensure this?
- A. Use internal number ranges in the BP groupings for the conversion and switch to external afterward
- B. Use external number ranges in the BP groupings for the conversion and switch to internal afterward
- C. Use external number ranges in the customer and supplier account groups for the conversion and switch to internal afterward
- D. Use internal number ranges in the customer and supplier account groups for the conversion and switch to external afterward
Answer: C
NEW QUESTION 54
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SAP S/4HANA Financials Professional Certification Exam Details:
| 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 Code | P_S4FIN_2020 |
| Exam Price | $550 (USD) |
| Level | Associate |
| Number of Questions | 80 |
P_S4FIN_2020 Exam questions and answers: https://www.prepawaytest.com/SAP/P_S4FIN_2020-practice-exam-dumps.html