P_S4FIN_2020 Exam Dumps, P_S4FIN_2020 Practice Test Questions
PDF (New 2021) Actual SAP P_S4FIN_2020 Exam Questions
SAP P_S4FIN_2020 Certification Exam Topics:
| Topic Areas | Topic Details, Courses, Books |
|---|---|
| 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. |
| 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. |
| 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. |
| 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. |
| 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 14
What system configuration in your customers current SAP ERP system will have a major effect on the duration and complexity of the system conversion to S/4HANA?
- A. The customer does NOT use business partners to manage customers and suppliers
- B. The system has document splitting activated for all company codes
- C. The system uses classic asset account to manage fixed assets
- D. The customers uses the accounts approach for parallel accounting.
Answer: C
NEW QUESTION 15
Your company code is configured with three depreciation areas that post in real time The company is configured to update company code and group currency types. How many documents are posted when you post a partial scrapping for a single depreciation area?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION 16
What can you assign in a depreciation area in SAP S/4HANA Finance asset accounting?
- A. An accounting principle
- B. Clearing account
- C. Parallel ledger
- D. Ledger group
Answer: A
NEW QUESTION 17
You start 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. Errors must be clarified, and uncritical errors can be ignored
- B. All errors related to closed years can be ignored.
- C. Critical errors must be resolved in the production system before Go Live.
- D. All errors must be corrected during migration to complete it.
Answer: C,D
NEW QUESTION 18
What are planning level and planning group used for in SAP Cash Management? There are 2 correct answers to this question.
- A. - Planning group is used to group customers and vendors to enable accurate forecast.
- Planning level is used to control displays in SAP Cash Management and to differentiate between noted item, purchase order, bank account, etc. - B. - Planning level is used in the company code data of the business partner to control accounts receivable and accounts payable in SAP Cash Management.
- Planning group is used in the G/L account data to enable the liquidity forecast. - C. Planning level and planning group are used in the configuration of the grouping structure, which enables you to group bank and subledger accounts together in the cash position or the liquidity forecast.
- D. - Planning level is used to differentiate between strategic, business, and operational plan.
- Planning group is used to group assets by order of liquidity: petty cash, bank, AR/AP, investments, etc.
Answer: A,C
NEW QUESTION 19
When does a document posted in controlling become Visible in financial accounting? Please choose the correct answer.
- A. When FI account assignments (such as the segment) change
- B. When any primary or secondary cost and revenue accounts are posted
- C. When real-time integration is active for the company code
- D. When document splitting is active for the company code
Answer: B
NEW QUESTION 20
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? Please choose the correct answer.
- A. Intervals 1 and 2
- B. Only interval 3
- C. Only interval 2
- D. Intervals 1 and 3
Answer: B
NEW QUESTION 21
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 catalog 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 group to a role relevant for the user.
Answer: A,B
NEW QUESTION 22
What SAP S/4HANA deployment option will cause the least business disruption for the average SAP end user?
- A. On Premise
- B. Cloud single-tenant
- C. Central finance
- D. Cloud multi-tenant
Answer: A
NEW QUESTION 23
Where can you find the automatic write-off program to close unpaid customer balances?
- A. Dispute Management
- B. Collections Management
- C. Treasury Operations
- D. Accounts Receivable
Answer: A
NEW QUESTION 24
Which reports are included with SAP S/4HANA, embedded analytics? There are 2 correct answer to this question.
- A. Analytical List Page reports
- B. Multidimensional reports
- C. SAP Lumira reports
- D. SAP Analysis for Microsoft Office reports
Answer: A,B
NEW QUESTION 25
During SAP S/4HANA conversion, why is it necessary to migrate balances for FI and CO? Please choose the correct answer.
- A. Because the system posts FI/CO documents for all missing line items by comparing them to the balance of the account
- B. Because all balances from the past years are stored in the universal journal
- C. Because the system displays an error if the sum of aggregated line items differs from the balance
- D. Because a delta between all line items and the balance of every account will be updated in the universal journal
Answer: D
NEW QUESTION 26
Which processes create an artificial controlling document? 2 correct answers
- A. Assessment from cost center to account based profitability analysis
- B. Stock material consumption on project
- C. Internal activity allocation to sales order
- D. FI posting of primary costs to production order
Answer: A,D
NEW QUESTION 27
In which sequence do you create the objects required for the SAP financial closing cockpit?
- A. 1. Create template
2. Create tasks
3. Create task lists
4. Release task lists - B. 1. Define task levels
2. Create task group
3. Release task levels
4. Release task group - 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: A
NEW QUESTION 28
What can you assign in a depreciation area in SAP S/4HANA Finance asset accounting? Please choose the correct answer.
- A. An accounting principle
- B. A Clearing account
- C. A Parallel ledger
- D. A Ledger group
Answer: A
NEW QUESTION 29
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 entering manual corrective clearing transfer postings
- C. By running the periodic acquisition and production cost posting
- D. By maintaining the offset account in the asset account determination
Answer: D
NEW QUESTION 30
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SAP S/4HANA Financials Professional Certification Exam Details:
| Schedule Exam | SAP Training |
| Exam Code | P_S4FIN_2020 |
| Level | Associate |
| Passing Score | P_S4FIN_2020 - 60% P_S4FIN_1909 - 61% |
| Number of Questions | 80 |
| Exam Price | $550 (USD) |
| Sample Questions | SAP S/4HANA Financials Professional Certification Sample Questions |
| Duration | 180 mins |
| 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) |
| 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) |
Updated Dec-2021 Pass P_S4FIN_2020 Exam - Real Practice Test Questions: https://www.passsureexam.com/P_S4FIN_2020-pass4sure-exam-dumps.html