2022 Updated Verified Pass P-S4FIN-2020 Exam - Real Questions & Answers
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SAP P-S4FIN-2020 Certification Exam Topics:
| Topic Areas | Topic Details, Courses, Books |
|---|---|
| Management Accounting Configuration in SAP S/4HANA > 12% | 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. |
| 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. |
| 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. |
NEW QUESTION 36
Your customer wants a new ERP solution and is looking at the SAP S/4HANA software. The customer has a skilled in-house IT team that they want to upskill and keep moving the forward. They want maintain a filly customizable solution without completely disrupting their current processes. Which SAP S/4HANA solution will you propose?
- A. Public cloud
- B. Hybrid
- C. Private cloud
- D. On-premise
Answer: D
NEW QUESTION 37
At which level do you define that a G/L account is a secondary cost account?
- A. Company code
- B. Operating concern
- C. Chart of accounts
- D. Controlling area
Answer: C
NEW QUESTION 38
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 39
In which of the possible scenarios can you indicate that an account is also a statistical cost elements? There are 2 correct answer to this question.
- A. It is used a work in progress (WIP) inventory account in the material account assignment
- B. It is used as inventory account in the material account assignment
- C. It is used as special reserve balance account in fixed asset accounting
- D. It is used as balance sheet account in fixed asset accounting
Answer: A,D
NEW QUESTION 40
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 single-tenant
- B. Cloud multi-tenant
- C. Central finance
- D. On premise
Answer: D
NEW QUESTION 41
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 42
Which values are stored in the universal journal (ACDOCA)? There are 2 correct answer to this question.
Response:
- A. Transfer prices
- B. Actual costing results
- C. Plan data
- D. Parallel currencies
Answer: A,D
NEW QUESTION 43
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 44
What does an administrator need to do in the SAP Fiori Gateway server in order to launch a native SAP Fiori application from the SAP Fiori Launchpad? Note: There are 2 correct answers to this question.
- A. Assign the SAP Fiori tile group to a role relevant for the user.
- B. Activate the OData service relevant for the app.
- C. Activate the SAP Screen Personas flavor for the app.
- D. Assign the SAP Fiori tile catalog to a role relevant for the user.
Answer: B,D
NEW QUESTION 45
What are possible post-migration activities for SAP S/4HANA migration projects? Note: There are 2 correct answers to this question.
- A. Transfer archived documents into ACDOCA.
- B. Calculate the net due date and discount due dates for open items
- C. Update the open items through data aging.
- D. Fill offsetting accounts in financial documents.
Answer: B,D
NEW QUESTION 46
In a first step, you create an account with account type "secondary cost element" and cost element category "42" in controlling area A000 and company code 1010.In a second step, you change this account to cost category "43" in company code 1750, which is assigned to the same controlling area.
What is the effect in the system when you save this account? Please choose the correct answer.
- A. The user is asked which category will be used in the future
- B. This system brings up an error message and rejects the change
- C. The cost element category in the account is also changed for company code 1010.
- D. The cost element category is different in the two company codes
Answer: C
NEW QUESTION 47
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. Convert accounts of parallel valuations to asset reconciliation accounts.
- B. Configure data depreciation areas to no longer post to the general ledger.
- C. Define the document type for the accounting-principle-specific-documents.
- D. Assign accounting principles to all real and derived depreciation areas.
Answer: A,D
NEW QUESTION 48
Which of the following options in SAP S/4HANA 1809 is only possible in costing-based CO-PA and NOT in account-based CO-PA?
- A. Production variance split per variance category.
- B. Manual postings.
- C. Sales order entry postings.
- D. Cost of goods sold (COGS) split per cost component.
Answer: B
NEW QUESTION 49
There are 8 customer-specific charts of depreciation in the client that area assigned to 22 active company codes, as required Additionally, there are 7 reference and unused. How many you charts of depreciation do you migrate?
- A. 0
- B. 1
- C. 2
- D. 3
- E. 4
Answer: C
NEW QUESTION 50
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 51
A customer is currently running SAP ERP and wants to transition to a new implementation of SAP S/4HANA 1809. Yea are required to provide them with a solution that enable them transition to SAP S/4 HANA Customer specific enhancements. Which of the following tools will help leverage the transition process?
- A. SAP Transformation navigator
- B. SAP S/4HANA migration cockpit
- C. Software Update Manager
- D. SAP Readiness check for sap S/4 HANA
Answer: C
NEW QUESTION 52
Which step is automatically performed in Asset Accounting when you perform the year-end balance carryforward?
- A. The depreciation run (program FAA_DEPRECIATION_POST) for period 12 of the fiscal year is triggered.
- B. The year-end closing (program RAJABS00) is executed and the previous fiscal year is closed.
- C. The depreciation for the new year is calculated and maintained per asset in table FAAT_PLAN VALUES
- D. The plan/actual variance is calculated for the annual capital expense reporting on statistical cost elements (type 90).
Answer: A
NEW QUESTION 53
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 category for each legal form maintained for customers/vendors.
- B. Create a BP grouping for each customer and vendor account group.
- C. Create a BP type for each industry category in the customer/vendor accounts.
- D. Create a BP role for each customer and vendor account group.
Answer: B
NEW QUESTION 54
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SAP S/4HANA Financials Professional Certification Exam Details:
| Exam Code | P_S4FIN_2020 |
| Number of Questions | 80 |
| 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 Price | $550 (USD) |
| Level | Associate |
| Duration | 180 mins |
Updated PDF (New 2022) Actual SAP P-S4FIN-2020 Exam Questions: https://validtorrent.prep4pass.com/P-S4FIN-2020_exam-braindumps.html
