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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.
NEW QUESTION 17
Where can you find the automatic write-off program to close unpaid customer balances?
- A. Treasury Operations
- B. Collections Management
- C. Dispute Management
- D. Accounts Receivable
Answer: C
NEW QUESTION 18
You perform a direct activity allocation. Which database tables are updated? Note: There are 2 correct answers to this question.
- A. ACDOCA
- B. BSEG
- C. COSS
- D. COBK
Answer: A,D
NEW QUESTION 19
You want to post values of the incoming sales order to both account-based CO-PA and Costing based CO-PA.
What do you need to maintain?
NOTE: There are 3 correct answers to this question
- A. Creative statistical cost elements for cost and revenues of incoming sales orders
- B. Setup an extension ledger with type "line items with technical numbers"
- C. Activate predictive accounting for incoming sales orders
- D. Activate the indicator for incoming sales orders in the attributes view of the operating concerns
- E. Activate the transfer of incoming sales orders
Answer: A,C,E
NEW QUESTION 20
What processes do you perform as part of liquidity management? Note: There are 3 correct answers to this question.
- A. Monitor cash flow
- B. Post credit memos
- C. Forecast balances
- D. Review credit standing
- E. Perform planning
Answer: A,C,E
NEW QUESTION 21
Which modules remain unchanged after the migration to SAP S/4HANA? Note: There are 3 correct answers to this question.
- A. Special purpose ledger
- B. Liquidity planning
- C. Costing-based CO-PA
- D. Account-based CO-PA
- E. Classic profit center accounting
Answer: A,C,E
NEW QUESTION 22
What SAP Fiori app should be used to leverage the machine learning service for goods and invoice receipt reconciliation?
- A. Post Goods Receipt for inbound Delivery
- B. Confirm Receipt of Goods
- C. Reconcile GR/IR accounts
- D. Business Reconciliation Report
Answer: C
NEW QUESTION 23
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 24
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: B
NEW QUESTION 25
You compare the ACDOCA and BSEG tables and find that some Fl documents are NOT stored in the BSEG table. Which of the following financial accounting transactions creates entries only in the ACDOCA table?
- A. Execute profit-center allocation
- B. Depreciation run
- C. Post vendor invoice
- D. Cash journal posting
Answer: A
NEW QUESTION 26
How can you retract planned data from SAP Business Planning and Consolidation for SAP S/4HANA to SAP S/4HANA? Note: There are 2 correct answers to this question.
- A. Store your planned data in the ACDOCA table.
- B. Store your planned data in the ACDOCP table.
- C. Use the in-built BPC data extractor and upload template.
- D. Use a BW planning cube and a preconfigured content workbook.
Answer: B,D
NEW QUESTION 27
In controlling, what is a mandatory customizing step when convening a system to SAP S/4HANA?
- A. Create document type for CO postings
- B. Activate account based CO-PA
- C. Migrate the material ledger
- D. Define profit center hierarchy.
Answer: B
NEW QUESTION 28
Which modules read and write line items of the universal journal (ACDOCA)? There are 3 correct answer to this question.
- A. Account-based profitability analysis
- B. Cash management
- C. Material ledger with actual costing
- D. Public sector management
- E. Costing-based profitability analysis
Answer: A,B,D
NEW QUESTION 29
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. On-premise
- B. Public cloud
- C. Private cloud
- D. Hybrid
Answer: A
NEW QUESTION 30
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 will generate additional line items in ACDOCA for non-ledger-specific postings
- B. If asset accounting is used depreciation area must be assigned
- C. It is always active on the system level for all company codes
- D. It must be assigned to underlying ledger
Answer: A,B
NEW QUESTION 31
You are converting your system to SAP S/4HANA.
Which functionality became obsolete in SAP S/4HANA in asset accounting and needs to be
- A. non-posting depreciation areas
- B. year-end closing
- C. insurance values in the asset master record
- D. segment and profit centre reporting
Answer: A
NEW QUESTION 32
Cost of goods sold (COGS) split functionality is available in account-based CO-PA.
Which settings are necessary? Note: There are 2 correct answers to this question.
- A. Cost elements must be mapped to cost components
- B. Characteristic values and characteristic groups must be maintained
- C. The corresponding cost elements must exist in the chart of accounts.
- D. Operating concern currency must be determined.
Answer: A,C
NEW QUESTION 33
What models are required to support advanced planning for embedded BPC? There are 2 correct answers to this question.
- A. Consolidation model
- B. Exchange Rate model
- C. Ownership model
- D. Source model
Answer: B,D
NEW QUESTION 34
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. Migration for logistics can begin
- B. All error messages have been accepted.
- C. The previous year can be reopened
- D. All views are generated successfully
- E. Customizing is consistent
Answer: B,D,E
NEW QUESTION 35
Which technologies help you decrease data volume in the SAP HANA database? There are 2 correct answer to this question.
- A. Aging
- B. Archiving
- C. Indexing
- D. Mirroring
Answer: A,B
NEW QUESTION 36
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. Critical errors must be resolved in the production system before Go Live.
- B. All errors must be corrected during migration to complete it.
- C. Errors must be clarified, and uncritical errors can be ignored
- D. All errors related to closed years can be ignored.
Answer: A,B
NEW QUESTION 37
You are converting your system to SAP S/4HANA.
In your system you have:
Three company codes assigned to a single controlling area Controlling area is assigned to fiscal year variant K4.
Two company codes assigned to fiscal year variant K2
One 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 to fiscal year variant K2
- C. Change all company codes and the controlling area to fiscal year variant K2
- D. Change all company codes to fiscal year variant K4
Answer: D
NEW QUESTION 38
What restriction apply when a new currency is introduced for productive company codes and ledgers?
There are 2 correct answer to this question.
- A. Archived data CANNOT be enriched with the new currency.
- B. Reconciliation for entities in asset accounting is NOT included.
- C. Calculated values are NOT added to the ACDOCA.
- D. New currency fields are NOT updated for existing data.
Answer: A,B
NEW QUESTION 39
The following ledgers are assigned to your company code in financial accounting. Standard ledgers A and B Extension ledger C with Standard ledger A as. Which ledgers are listed in the universal journal entry line items after you enter an incoming ivocie?
- A. Standard ledger A
Extension ledger C - B. Extension ledger C
Standard ledger A - C. Standard ledger A
Standard ledger B - D. Standard ledger B
- E. Extension ledger C
Standard ledger B
Answer: C
NEW QUESTION 40
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P_S4FIN_2020 Exam Certification Details:
| Level: | Associate |
| Cut Score: | 60% |
| Sample Questions: | SAP P_S4FIN_2020 Exam Sample Question |
| Duration: | 180 mins |
| Exam: | 80 questions |
P_S4FIN_2020 Questions Truly Valid For Your SAP Exam: https://www.actual4cert.com/P_S4FIN_2020-real-questions.html