Exam Dumps P_S4FIN_2020 Practice Free Latest SAP Practice Tests
P_S4FIN_2020 Exam Questions | Real P_S4FIN_2020 Practice Dumps
P_S4FIN_2020 Exam Certification Details:
| Exam: | 80 questions |
| Duration: | 180 mins |
| Cut Score: | 60% |
| Level: | Associate |
| Languages: | English |
| Sample Questions: | SAP P_S4FIN_2020 Exam Sample Question |
NEW QUESTION 26
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. Account-based CO-PA
- C. Costing-based CO-PA
- D. Classic profit center accounting.
Answer: A,C
NEW QUESTION 27
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 28
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. Cloud platform compatibility
- B. Support for all industries
- C. Fuller integration to external systems
- D. Faster innovation cycles
Answer: D
NEW QUESTION 29
You perform an SAP S/4HANA migration. Some of the company codes were NOT used for years and the data posted to these company codes is no longer legally equied. How do you handle these company codes?
- A. Migrate all company codes of the client.
- B. Migrate all company codes you selected in customizing.
- C. Migrate all company codes flagged as productive.
- D. Archive all data from unused company codes.
Answer: A
NEW QUESTION 30
Which modules read and write line items of the universal journal (ACDOCA)? There are 3 correct answer to this question.
- A. Material ledger with actual costing
- B. Costing-based profitability analysis
- C. Cash management
- D. Public sector management
- E. Account-based profitability analysis
Answer: C,D,E
NEW QUESTION 31
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 accounting principles to 1 ledger
- B. Assign 2 ledgers to 1 company code
- C. Assign 2 or more valuation areas to 1 company code
- D. Assign 2 or more ledgers to 1 accounting principle
Answer: A
NEW QUESTION 32
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 33
Which of the following front-end clients can you NOT use in the standard system for SAP Business Planning and Consolidation for SAP S/4HANA Finance? Please choose the correct answer.
- A. SAP BusinessObjects Analysis for Microsoft Office
- B. SAP Fiori
- C. SAP Business Client
- D. SAP GUI
Answer: D
NEW QUESTION 34
Which modules read and write line items of the universal journal (ACDOCA)? There are 2 correct answers to this question
- A. Cash Management
- B. Costing-based profitability analysis
- C. Actual costing
- D. Account based Profitability-Analysis
Answer: B,D
NEW QUESTION 35
You want to sell products from stock.
What do you need to maintain before you can analyse the cost of goods sold (COGS) subdivided By cost component in account-base (COPA).
NOTE: There are 2 correct answers to this question
- A. An extension ledger with type" line items with technical numbers
- B. A cost splitting profile in general ledger accounting
- C. A collection of primary cost elements to receive the cost portions
- D. A settlement profile to control the settlement of cost portions
Answer: B,C
NEW QUESTION 36
A document can have up to 999999 line items in the universal journal (reporting or G/L view). How does this affect the entry view (table BSEG)? Please choose the correct answer.
- A. It is limited to 999 line items.
- B. The entry view is also based on the universal journal.
- C. The system splits the single entry into multiple documents as required.
- D. It is extended to 999999 line items
Answer: A
NEW QUESTION 37
Which information will be migrated automatically during an SAP S/4HANA finance migration? There are
3 correct answers to this question.
- A. Authorizations
- B. Business partners customizing
- C. General ledger customizing
- D. Account balances
- E. Material ledger customizing
Answer: A,D,E
NEW QUESTION 38
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. Central finance
- C. On premise
- D. Cloud multi-tenant
Answer: C
NEW QUESTION 39
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. Customizing is consistent
- B. All error messages have been accepted
- C. The previous year can be reopened
- D. All views are generated successfully
- E. Migration for logistics can begin
Answer: A,B,D
NEW QUESTION 40
In your company code, you report on profit centre and segment level. You post a single invoice. What document splitting process does the system use to assign the correct profit centres and
- A. Active document splitting
- B. Passive document splitting
- C. Default account assignment
- D. Document splitting inheritance
Answer: A
NEW QUESTION 41
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 42
What is required to enable the payment approval process in cash operations? There are 3 correct answers to this question.
- A. Create rule to require signature
- B. Create scenario without approval
- C. Define signature methods for approvals
- D. Define a grouping method for the rule you defined
- E. Create a rule for approvals
Answer: C,D,E
NEW QUESTION 43
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 as special reserve balance account in fixed asset accounting.
- B. It is used as inventory account in the material account assignment.
- C. It is used as balance sheet account in fixed asset accounting.
- D. It is used as a work in process (WIP) inventory account in the material account assignment.
Answer: C,D
NEW QUESTION 44
What data is migrated during system conversion? Please choose the correct answer.
- A. Only company codes flagged as productive with all years
- B. All company codes with all data of all years.
- C. All company codes for the years you specify
- D. Only company codes and years selected in the customizing for migration
Answer: B
NEW QUESTION 45
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. The new refinement for cost of goods sold postings in account-based CO-PA
- D. Valuation using material cost estimate in costing-based CO-PA
Answer: C
NEW QUESTION 46
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. Simulation
- B. Prediction and commitments
- C. Extension
- D. Valuation
Answer: B
NEW QUESTION 47
How can you set up multiple valuations for transfer pricing in your SAP S/4HANA system? There are 2 correct answer to this question.
- A. You can assign more than 3 valuations to different ledgers, if you have enough ledgers defined.
- B. You can assign each valuation to a separate ledger.
- C. You can assign more than 3 valuations to the same ledger.
- D. You can assign profit center, group, and legal valuations to the same ledger.
Answer: B,D
NEW QUESTION 48
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SAP P_S4FIN_2020 Certification Exam Topics:
| Topic Areas | Topic Details, Courses, Books |
|---|---|
| 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. |
| 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. |
| 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 |
| 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. |
| 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. |
| 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. |
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