P_S4FIN_2020 Certification Overview - [Apr 01, 2022] Latest P_S4FIN_2020 PDF Dumps
The Best SAP P_S4FIN_2020 Study Guides and Dumps of 2022
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.
SAP S/4HANA Financials Professional Certification Exam Details:
| Number of Questions | 80 |
| Sample Questions | SAP S/4HANA Financials Professional Certification Sample Questions |
| Duration | 180 mins |
| Exam Price | $550 (USD) |
| Schedule Exam | SAP Training |
| 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 |
NEW QUESTION 37
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- B. The extra offset account is obsolete and will be replaced by the technical clearing account.
- C. There is no need to use such offset accounts anymore because of real-time postings.
- D. The extra offset account has to be used as in the classic Asset Accounting.
Answer: B
NEW QUESTION 38
You activate account-based CO-PA (Profitability Analysis) during migration. How is the system affected?
There are 3 correct answers to this question.
- A. Characteristics will be added to universal journal
- B. Value fields will be added to the universal Journal
- C. Cost component split (COGS) can be configured in financial accounting
- D. Cost based CO-PA can still be used in parallel
- E. Historical data will be enriched with characteristics by derivation
Answer: A,C,D
NEW QUESTION 39
Which technologies help you decrease data volume in the SAP HANA database? There are 2 correct answer to this question.
- A. Indexing
- B. Archiving
- C. Aging
- D. Mirroring
Answer: B,C
NEW QUESTION 40
Where can you find the automatic write-off program to close unpaid customer balances?
- A. Dispute Management
- B. Collections Management
- C. Accounts Receivable
- D. Treasury Operations
Answer: A
NEW QUESTION 41
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 42
Which objects do you migrate from SAP ERP to SAP S/4HANA? Note: There are 3 correct answers to this question.
- A. Balances of accounts, customers, and vendors.
- B. Accounting documents of financial accounting and controlling
- C. House banks for new Bank Account Management.
- D. Master data such as assets and profit centers.
- E. Data of costing-based profitability analysis
Answer: A,B,C
NEW QUESTION 43
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. G/L account
- B. Financial statement item
- C. Functional area
- D. Segment
- E. Business area
Answer: A,B,C
NEW QUESTION 44
The screenshot displays how the depreciation areas of a chart of depreciation post, to the G/L By looking at the screenshot what can you learn about the company code and ledger configuration?
- A. There are two currency types assigned to the company code.
- B. There are two ledgers posted during transaction processing.
- C. There are no more than two ledger groups defined for the company code
- D. There is one extension ledger assigned to the leading ledger.
Answer: C
NEW QUESTION 45
You are converting your system to SAP S/4HANA.
In your system you have:Three company codes assigned to a single controlling areaControlling area is assigned to fiscal year variant K4.Two company codes assigned to fiscal year variant K2One company code assigned to variant K3. During conversion to SAP S/4HANA, what do you need to change?
- A. Change the controlling area to fiscal year variant K3.
- B. Change all company codes and the controlling area to fiscal year variant K2.
- C. Change all company codes to fiscal year variant K2.
- D. Change all company codes to fiscal year variant K4
Answer: D
NEW QUESTION 46
What are the improvements to new cash pooling? There are 2 correct answers to this question.
- A. The business user can define "expected amount" and "minimal movement amount" for every bank account without configuration.
- B. You can set deficit and excess tolerances. If the balance is between the tolerances, no transfer is made.
- C. The balance before concentration and the simulated balance after the concentration can be compared.
- D. Different payment methods for payment requests can be specified in different paying company codes.
Answer: A,C
NEW QUESTION 47
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. Update G/L accounts for the new depreciation area for the chart of depreciation.
- 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. Activate the new depreciation areas for the individual assets for the respective company codes.
Answer: A,C,D
NEW QUESTION 48
On what level can you assign a fiscal year variant to a company code?
- A. Ledger
- B. Accounting principle
- C. Valuation area
- D. Depreciation area
Answer: B
NEW QUESTION 49
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 must configure profit center and segment accounting
- B. You must define valuation areas for foreign currency valuation
- C. You must use the accounts approach to parallel valuation
- D. You cannot configure and activate document splitting
- E. You cannot continue to use the consolidation staging ledger
Answer: A,D,E
NEW QUESTION 50
What is an advantage of selecting the multi-tenant edition of SAP S/4HANA Cloud instead of an On-premise SAP S/4HANA solution?
- A. Support for all industries
- B. Faster innovation cycles
- C. Cloud platform compatibility
- D. Fuller integration to external systems
Answer: B
NEW QUESTION 51
What data is migrated during system conversion? Please choose the correct answer.
- A. Only company codes flagged as productive with all years
- B. Only company codes and years selected in the customizing for migration
- C. All company codes for the years you specify
- D. All company codes with all data of all years.
Answer: D
NEW QUESTION 52
What restriction apply when a new currency is introduced for productive company codes and ledgers? 2 correct answers
- A. Calculated values are NOT added to the ACDOCA
- B. New currency fields are NOT updated for existing data
- C. Reconciliation for entities in asset accounting is not included
- D. Archived data cannot be enriched with the new currency
Answer: C,D
NEW QUESTION 53
You perform planning in SAP Business Planning and Consolidation for SAP S/4HANA.
Why do you retract the plan data from SAP Business Planning and Consolidation for SAP SI4HANA and return it to the standard planning tables? Note: There are 2 correct.
- A. To perform availability
- B. To prepare for financial consolidation
- C. To perform planning allocation
- D. To use standard SAP GUI plan/actual reporting
Answer: C,D
NEW QUESTION 54
What can you assign in a depreciation area in SAP S/4HANA Finance asset accounting?
- A. An accounting principle
- B. Clearing account
- C. Ledger group
- D. Parallel ledger
Answer: A
NEW QUESTION 55
The customers and suppliers balances of the previous year are carried forward to the new year, but you did NOT run the SAPF010 program (Carry Forward Receivables/Payables) manually in accounts receivable or accounts payable. How was the customer and supplier balance carried forward? Please choose the correct answer.
- A. Because balance carryforward was carried out by the Reconcile Universal Journal Entry transaction since the reconciliation displayed NO error
- B. Because balance carryforward was performed automatically due to postings to the subledgers in the new year
- C. Because balance carryforward was performed for the leading ledger in general ledger
- D. Because balance carryforward was performed automatically when closing the previous year
Answer: C
NEW QUESTION 56
What SAP S/4HANA deployment option will cause the least business disruption for the average SAP end user?
- A. Cloud multi-tenant
- B. On Premise
- C. Cloud single-tenant
- D. Central finance
Answer: B
NEW QUESTION 57
For which Cases Can you Use SAP Product Lifecycle Costing? There are 2 correct answer to this question.
- A. Quotation costing
- B. Sales order cost estimates
- C. Preliminary cost estimates
- D. Standard price cost estimates
Answer: A,C
NEW QUESTION 58
How does the Near-Zero Downtime method minimize the downtime of the productive SAP system during migration?
- A. The data from previous years is archived.
- B. A clone of the productive system is used.
- C. SQL database commands are used to accelerate the migration
- D. Optimized data compression is used to minimize the data volume.
Answer: B
NEW QUESTION 59
You your first sandbox migration and get a lot of errors. How are errors in an SAP S/4HANA migration handled? There are 2 correct answer to this question.
- A. Critical errors must be resolver in the production system before Go-live
- B. Errors must be clarified and uncritical errors must be ignored
- C. All errors related to the close years can be ignored
- D. All errors must be corrected during migration to complete it
Answer: A,D
NEW QUESTION 60
What setting must be identical between the company code and controlling area?
- A. The number of postings and special periods
- B. The number of posting periods
- C. The fiscal year variant key
- D. The number of special periods
Answer: C
NEW QUESTION 61
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