[Nov-2021] Free P-S4FIN-2020 Exam Dumps to Improve Exam Score
2021 Realistic P-S4FIN-2020 Dumps Exam Tips Test Pdf Exam Material
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 32
What data for asset accounting is stored in the universal journal?
- A. Planned depreciations and revaluations of all depreciation areas that are set to post to the G/L
- B. Acquisition and production cost values of all depreciation areas that are defined as real depreciation areas.
- C. Acquisition and production cost values of all depreciation areas that are assigned to an accounting principle.
- D. Actual depreciation of all depreciation area that are set to post depreciation periodically
Answer: D
NEW QUESTION 33
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: A
NEW QUESTION 34
What are the parameters to define different technical clearing accounts for integrated acquisition in new asset counting? There are 2 correct answer to this question.
- A. Chart of accounts
- B. Company code
- C. Chart of depreciation
- D. Account determination
Answer: A,D
NEW QUESTION 35
Your customer has created a custom ABAP report in an SAP ERP system based on totals table GLTO. How is this totals table treated in SAP S/4HANA to safeguard custom ABAP reporting programs?
- A. The balances of the table are posted as additional line items in the universal journal.
- B. The content of the table is deleted and compatibility view is generated
- C. The table is treated as a transient provider using BW query functionality
- D. The entries of the table are converted into column store
Answer: B
NEW QUESTION 36
What must always be activated after the installation of SAP S/4HANA?
- A. Profit center accounting
- B. Credit management
- C. Transfer prices
- D. Material ledger
Answer: D
NEW QUESTION 37
An asset is being acquired through integration with procurement. How is the asset acquisition value posted? Please choose the correct answer.
- A. Non-valuated acquisition is posted at invoice receipt.
- B. Valuated acquisition is posted at invoice receipt.
- C. Non-Valuated acquisition is posted at goods receipt.
- D. Valuated acquisition is posted at settlement.
Answer: A
NEW QUESTION 38
A business user entered the wrong password too many times and is locked out of the SAP Fiori launchpad. Where must the administrator unlock this user?
- A. Front-end SAP Gateway server
- B. SAP S/4HANA back end
- C. SAP Smart Business
- D. SAP Fiori launchpad designer
Answer: A
NEW QUESTION 39
What restriction apply when a new currency is introduced for productive company codes and ledgers?
There are 2 correct answer to this question.
- A. Reconciliation for entities in asset accounting is NOT included.
- B. Archived data CANNOT be enriched with the new currency.
- C. Calculated values are NOT added to the ACDOCA.
- D. New currency fields are NOT updated for existing data.
Answer: A,B
NEW QUESTION 40
What system configuration in your customers current SAP ERP system will have a major effect on the duration and complexity of a system conversion to SAP S/4HANA? Please choose the correct answer.
- A. The system has document splitting activated for all company codes.
- B. The customers use the accounts approach for parallel accounting.
- C. The customer does NOT use business partners to manager customers and suppliers.
- D. The system uses classic asset accounting to manage fixed assets.
Answer: D
NEW QUESTION 41
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. Standard ledger A
Standard ledger B - C. Extension ledger C
Standard ledger B - D. Standard ledger B
- E. Extension ledger C
Standard ledger A
Answer: B
NEW QUESTION 42
You are performing a legacy asset data transfer in your SAP S/4HANA system. Your fiscal year end date is December 31.2017 and your asset transfer date is February 26 2018.Which of the following values do you need to provide during legacy asset transfer? Note: There are 3 correct answers to this question.
- A. Ordinary depreciation values
- B. Accumulated depreciation values
- C. Unplanned depredation values
- D. Acquisition and production costs
- E. Revaluation value
Answer: A,B,D
NEW QUESTION 43
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. Selective data transition
- B. System conversion (Brownfield)
- C. Central Finance
- D. New Implementation (greenfield)
Answer: C,D
NEW QUESTION 44
You need to select the Apply Account Assignments Statistically in Fixed Asset Account/Material Account checkbox in a G/L account master record for an assert G/L account, but these field is currently, NOT available. What could be the reasons for this behavior? Note: There are 2 correct answers to this question.
- A. The G/L account is NOT maintained in the account determination for materials management.
- B. The G/L account is NOT a reconciliation account type for assets.
- C. The G/L account is NOT maintained in the account determination for real-time integration with CO.
- D. The G/L account is NOT maintained in the account determination of fixed asset accounting.
Answer: A,D
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 values are stored in the universal journal (ACDOCA)? There are 2 correct answer to this question.
- A. Plan data
- B. Parallel currencies
- C. Actual costing results
- D. Transfer Prices
Answer: B,D
NEW QUESTION 47
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 48
What SAP Fiori app should be used to leverage the machine learning service for goods and invoice receipt reconciliation? Please choose the correct answer.
- A. Business Reconciliation Report
- B. Confirm Receipt of Goods
- C. Post Goods Receipt for inbound Delivery
- D. Reconcile GR/IR Accounts
Answer: D
NEW QUESTION 49
Which account assignments can you use to classify line items posted into different source assignments for revenue recognitions? Note: There are 3 correct answers to this question.
- A. Cost element categories
- B. Value field
- C. G/L accounts
- D. Profit center
- E. Billing condition types.
Answer: A,C,E
NEW QUESTION 50
The screenshot displays how the depreciation areas of a chart of depreciation post, to the G/L By looking at the screenshot what can you learn about the company code and ledger configuration?
- A. There are no more than two ledger groups defined for the company code
- B. There are two currency types assigned to the company code.
- C. There are two ledgers posted during transaction processing.
- D. There is one extension ledger assigned to the leading ledger.
Answer: A
NEW QUESTION 51
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