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SAP S/4HANA Financials Professional Certification Exam Topics:
| Topic Areas | Topic Details, Courses, Books | Weighting |
|---|---|---|
| Basics of SAP HANA, SAP S/4HANA and SAP Fiori | Explain the SAP HANA Architecture, the SAP S/4HANA solution and deployment, and SAP Fiori and the SAP UI strategy. S4F03 (SAP S/4HANA 2020) | < 8% |
| Architecture Overview of Financials in SAP S/4HANA | 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. S4F01 (SAP S/4HANA 2020) | > 12% |
| Management Accounting Configuration in SAP S/4HANA | 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. S4F02 (SAP S/4HANA 2020) | > 12% |
| Financial Accounting Configuration in SAP S/4HANA | 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. S4F01 (SAP S/4HANA 2020) | > 12% |
| System Preparation and Configuration for Conversion of Financials in SAP S/4HANA | Run pre-conversion tests, perform customer-vendor integration, customize FI (including asset accounting) and CO for conversion S4F03 (SAP S/4HANA 2020) | > 12% |
| Asset Accounting Configuration in SAP S/4HANA | 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. S4F01 (SAP S/4HANA 2020) | 8% - 12% |
| Conversion and Post-conversion Activities for Financials in SAP S/4HANA | Prepare views and master data for conversion and the conversion of transactions, the conversion of balances, and the post-conversion activities. S4F03 (SAP S/4HANA 2020) | > 12% |
P_S4FIN_2020 Exam Certification Details:
| Duration: | 180 mins |
| Sample Questions: | SAP P_S4FIN_2020 Exam Sample Question |
| Level: | Associate |
| Cut Score: | 60% |
| Languages: | English |
| Exam: | 80 questions |
NEW QUESTION 29
What is the earliest point in time that the attributed profitability segments can be derived?
- A. When you post the primary cost document
- B. When you run result the analysis for cost objects
- C. When you settle the cost to profitability analysis
- D. When you run the realignment in profitability analysis
Answer: A
NEW QUESTION 30
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. Value field
- B. G/L accounts
- C. Profit center
- D. Cost element categories
- E. Billing condition types.
Answer: B,D,E
NEW QUESTION 31
You activate account-based CO-PA (Profitability Analysis) during migration. How is the system affected?
There are 3 correct answers to this question.
- A. Cost component split (COGS) can be configured in financial accounting
- B. Value fields will be added to the universal Journal
- C. Characteristics will be added to universal journal
- D. Cost based CO-PA can still be used in parallel
- E. Historical data will be enriched with characteristics by derivation
Answer: A,C,D
NEW QUESTION 32
At which level do you define that a G/L account is a secondary cost account?
- A. Company code
- B. Controlling area
- C. Operating concern
- D. Chart of accounts
Answer: D
NEW QUESTION 33
You notice alpha-numeric document numbers in the Universal journal that do not have a separate document header stored in the BKPF table. Which activities may lead to alpha-numeric document numbers?
There are 2 correct answer to this question.
- A. Cross company code postings
- B. Settlement of investment orders
- C. Balance carry forward
- D. Corrections due to migration
Answer: A,B
NEW QUESTION 34
What must you create before you can record commitments in the universal journal?
- A. Extension ledger
- B. CO version
- C. Mapping for condition types
- D. Non-leading standard ledger
Answer: A
NEW QUESTION 35
For which functionality is a productive material ledger a prerequisite? There are 2 correct answer to this question.
- A. Actual activity price determination
- B. Actual costing
- C. Parallel valuation for transfer pricing
- D. Parallel currencies in the universal journal
Answer: B,D
NEW QUESTION 36
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. Standard ledgers
- D. Ledger groups
- E. Document types
Answer: A,B,D
NEW QUESTION 37
Where can you find the automatic write-off program to close unpaid customer balances?
- A. Collections Management
- B. Dispute Management
- C. Treasury Operations
- D. Accounts Receivable
Answer: B
NEW QUESTION 38
What processes do you perform as part of liquidity management? Note: There are 3 correct answers to this question.
- A. Post credit memos
- B. Monitor cash flow
- C. Perform planning
- D. Review credit standing
- E. Forecast balances
Answer: B,C,E
NEW QUESTION 39
How can financial data be stored in the SAP S/4HANA system tables? Note: There are 2 correct answers to this question.
- A. There can be a line item added in BSEG without a corresponding line item in ACDOCA.
- B. There can be a line item in ACDOCA without a corresponding line item in BSEG.
- C. There can be a line item in BSEG without a corresponding document in BKPF.
- D. There can be a line item in ACDOCA without a corresponding line item in BKPF.
Answer: B,D
NEW QUESTION 40
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. A collection of primary cost elements to receive the cost portions
- B. An extension ledger with type" line items with technical numbers
- C. A settlement profile to control the settlement of cost portions
- D. A cost splitting profile in general ledger accounting
Answer: A,D
NEW QUESTION 41
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. If asset accounting is used, a depreciation area must be assigned.
- B. It must be assigned to an underlying ledger.
- C. It will generate additional line items in ACDOCA for non-ledger-specific postings.
- D. It is always active on the system level for all company codes.
Answer: A,C
NEW QUESTION 42
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. Assign a segment to all G/L accounts
- B. Define a clearing account
- C. Set the zero balance indicator
- D. Define a PA transfer structure
Answer: B,C
NEW QUESTION 43
You post a payment to a supplier invoice. In the universal journal table you see more line items are created than were visible in the document entry view. Which configuration may have caused the additional line items? There are 2 correct answer to this question.
- A. A non-leading ledger
- B. An extension ledger
- C. An additional accounting principle
- D. Zero balance Indicator for profit center
Answer: B,C
NEW QUESTION 44
For which functionality is a productive material ledger a prerequisite?
- A. Actual activity price determination
- B. Actual costing
- C. Parallel valuation for transfer pricing
- D. Parallel currencies in the universal journal
Answer: B,D
NEW QUESTION 45
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?
- A. Intervals 1 and 3
- B. Only interval 2
- C. Intervals 1 and 2
- D. Only interval 3
Answer: D
NEW QUESTION 46
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. Migration for logistics can begin
- E. All views are generated successfully
Answer: A,B,E
NEW QUESTION 47
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 a work in process (WIP) inventory account in the material account assignment.
- 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 special reserve balance account in fixed asset accounting.
Answer: A,C
NEW QUESTION 48
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 49
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 S/4HANA migration cockpit
- C. SAP Transformation navigator
- D. SAP Readiness check for sap S/4 HANA
Answer: A
NEW QUESTION 50
Which information will be migrated automatically during an SAP S/4HANA finance migration? There are
3 correct answers to this question.
- A. Business partners customizing
- B. Material ledger customizing
- C. General ledger customizing
- D. Authorizations
- E. Account balances
Answer: B,D,E
NEW QUESTION 51
What is required to enable the payment approval process in cash operations? There are 3 correct answers to this question.
- A. Create a rule for approvals
- B. Create rule to require signature
- C. Create scenario without approval
- D. Define signature methods for approvals
- E. Define a grouping method for the rule you defined
Answer: A,D,E
NEW QUESTION 52
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 are a. What is the effect in the system when you save this account?
- 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 user is asked which categorywill be used in the future
- D. The cost element category is different in the two company codes
Answer: B
NEW QUESTION 53
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