Use Real P_S4FIN_2020 Dumps - SAP Correct Answers updated on 2021
SAP Certified Application Professional P_S4FIN_2020 Exam Practice Dumps
NEW QUESTION 16
You select the configuration option Set Migration to complete in the conversion of Accounting to SAP S/4HANA.
What does this mean?
There are 3 correct answers to this question
- A. All error messages have been accepted
- B. Migration for logistics can begin
- C. The previous year can be reopened
- D. All views are generated successfully
- E. Customizing is consistent
Answer: A,D,E
NEW QUESTION 17
What must you do before a Go Live migration in the productive client can be set to Complete in customizing? Note: There are 2 correct answers to this question.
- A. Transfer application indexes using data aging
- B. Apply small-scale live postings of the day-to-day business to check the system
- C. Finalize the before-and-after comparison of the financial reports with the business department
- D. Get approval of business department and project management.
Answer: A,B
NEW QUESTION 18
You are performing a system conversion for a customer that uses classic general ledger with the accounts approach. What must you configure in SAP S/4HANA for local and international accounting standards in order to migrate the account values? There are 3 correct answers to this question.
- A. Accounting principles
- B. Valuation areas (FI)
- C. Document types
- D. Standard ledgers
- E. Ledger groups
Answer: A,B,E
NEW QUESTION 19
You want to configure an extension ledger. Which steps do you need to take? There are 2 correct answer to this question.
- A. Select an Underlying ledger for the extension ledger.
- B. Assign a fiscal year variant to the extension ledger.
- C. Specify currency types for the extension ledger.
- D. Specify the document type for the extension ledger.
Answer: A,C
NEW QUESTION 20
What data for asset accounting is stored in the universal journal?
- A. Actual depreciation of all depreciation area that are set to post depreciation periodically
- B. Acquisition and production cost values of all depreciation areas that are assigned to an accounting principle.
- C. Planned depreciations and revaluations of all depreciation areas that are set to post to the G/L
- D. Acquisition and production cost values of all depreciation areas that are defined as real depreciation areas.
Answer: A
NEW QUESTION 21
Which objects do you migrate from SAP ERP to SAP S/4HANA? Note: There are 3 correct answers to this question.
- A. Master data such as assets and profit centers.
- B. Accounting documents of financial accounting and controlling
- C. House banks for new Bank Account Management.
- D. Data of costing-based profitability analysis
- E. Balances of accounts, customers, and vendors.
Answer: B,C,E
NEW QUESTION 22
Which type of extension ledger do you set up to record incoming sales orders for account-based profitability analysis? Please choose the correct answer.
- A. Prediction and commitments
- B. Valuation
- C. Simulation
- D. Extension
Answer: A
NEW QUESTION 23
You extend the coding block in the universal journal with a custom field. Which components can use this new field without requiring further customization? Note: There are 2 correct answers to this question.
- A. General ledger accounting
- B. Costing-based CO-PA
- C. Classic profit center accounting.
- D. Account-based CO-PA
Answer: A,B
NEW QUESTION 24
What restriction apply when a new currency is introduced for productive company codes and ledgers? 2 correct answers
- A. Archived data cannot be enriched with the new currency
- B. Reconciliation for entities in asset accounting is not included
- C. New currency fields are NOT updated for existing data
- D. Calculated values are NOT added to the ACDOCA
Answer: A,B
NEW QUESTION 25
An asset is being acquired through integration with procurement. How is the asset aquisition value posted?
- A. Valuated acquisition is posted at invoice receipt
- B. Non-Valuated acquisition is posted at invoice receipt
- C. Valuated acquisition is posted at settlement
- D. Non-Valuated acquisition is posted at goods receipt
Answer: B
NEW QUESTION 26
You want to create a balance sheet and profit & loss statement on segment level. Which steps do you need to take in the system?
There are 2 correct answers to this question
- A. Define a clearing account
- B. Assign a segment to all G/L accounts
- C. Define a PA transfer structure
- D. Set the zero balance indicator
Answer: A,D
NEW QUESTION 27
What does the Parallel Accounting Using G/L Accounts indicator in ledger configuration allow you to do?
Please choose the correct answer.
- A. Assign 2 or more valuation areas to 1 company code
- B. Assign 2 or more ledgers to 1 accounting principle
- C. Assign 2 or more accounting principles to 1 ledger
- D. Assign 2 ledgers to 1 company code
Answer: C
NEW QUESTION 28
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: C
NEW QUESTION 29
Which transactions generate a prima nota entry in the system in addition to the universal journal entry? There are 2 correct answers to this question
- A. Assessment cycle of cost centers (KSUS)
- B. Post FI supplier invoice (FB70)
- C. Post time sheet data to Controlling (CAT7)
- D. Settlement of internal order (K088)
Answer: B,C
NEW QUESTION 30
You create a new G/L account. Which G/L account type can you assign? There are 2 correct answer to this question.
- A. Primary Costs or Revenue
- B. Assessment Costs
- C. Internal Activity Costs
- D. Secondary Costs
Answer: A,D
NEW QUESTION 31
For which Cases Can you Use SAP Product Lifecycle Costing? There are 2 correct answer to this question.
- A. Standard price cost estimates
- B. Sales order cost estimates
- C. Preliminary cost estimates
- D. Quotation costing
Answer: C,D
NEW QUESTION 32
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. Software Update Manager
- B. SAP Transformation navigator
- C. SAP S/4HANA migration cockpit
- D. SAP Readiness check for sap S/4 HANA
Answer: A
NEW QUESTION 33
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. This system brings up an error message and rejects the change
- B. The cost element category in the account is also changed for company code 1010.
- C. The cost element category is different in the two company codes
- D. The user is asked which category will be used in the future
Answer: B
NEW QUESTION 34
What can you assign in a depreciation area in SAP S/4HANA Finance asset accounting?
- A. Ledger group
- B. Clearing account
- C. Parallel ledger
- D. An accounting principle
Answer: D
NEW QUESTION 35
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 36
Which object do you enter in controlling transactions to update a specific valuation in the universal journal?
- A. Ledger group
- B. Accounting principle
- C. Ledger
- D. Valuation area
Answer: A
NEW QUESTION 37
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