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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 42
Which type of extension ledger do you set up to record incoming sales orders for account based profitability analysis?
- A. Extension
- B. Simulation
- C. Prediction and commitments
- D. Valuation
Answer: C
NEW QUESTION 43
The customers and suppliers balances of the previous year are carried forward to the new year, but you did NOT run the SAPF010 program (Carry Forward Receivables/Payables) manually in accounts receivable or accounts payable. How was the customer and supplier balance carried forward? Please choose the correct answer.
- A. Because balance carryforward was carried out by the Reconcile Universal Journal Entry transaction since the reconciliation displayed NO error
- B. Because balance carryforward was performed for the leading ledger in general ledger
- C. Because balance carryforward was performed automatically when closing the previous year
- D. Because balance carryforward was performed automatically due to postings to the subledgers in the new year
Answer: B
NEW QUESTION 44
Your customer has created a custom ABAP report in an SAP ERP system based on totals table GLT0. How is this totals table treated in SAP S/4HANA to safeguard custom ABAP reporting programs? Please choose the correct answer.
- A. The content of the table is deleted, and a compatibility view is generated.
- B. The balances of the table are posted as additional line items in the universal journal.
- 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: A
NEW QUESTION 45
The ACDOCA table has a 6-digit field for document line numbers. However, CO documents updating the COEP table are still limited to 999 lines. How does SAP S/4HANA handle large line item numbers when updating the CO documents?
- A. It no longer assigns CO-specific document numbers.
- B. It outputs an error message when there are more than 999 lines.
- C. It creates a new document when there are more than 999 lines.
- D. It creates a new document when there are more than 999.999 lines
Answer: C
NEW QUESTION 46
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 displays an error if the sum of aggregated line items differs from the balance
- B. Because the system posts FI/CO documents for all missing line items by comparing them to the balance of the account
- C. Because a delta between all line items and the balance of every account will be updated in the universal journal
- D. Because all balances from the past years are stored in the universal journal
Answer: C
NEW QUESTION 47
You need to create a new user-defined characteristic in account based CO-PA and must ensure that is part of the universal journal entry. Which actions do you have to perform? Note: There are 2 correct answers to this question.
- A. Create the user-defined characteristic and add it to the operating concern.
- B. Maintain the proper derivation rules in transaction KEDR.
- C. Generate the operating concern.
- D. Activate the CO-PA append structure in ACDOCA.
Answer: A,C
NEW QUESTION 48
Your customer wants to maintain the current customer and supplier account numbers even after migrating to business partners. The customer also wants to ensure the account numbers continue to be aligned after the conversion. What settings must be made to ensure this?
- A. Use external number ranges in the BP groupings for the conversion and switch to internal afterward
- B. Use external number ranges in the customer and supplier account groups for the conversion and switch to internal afterward
- C. Use internal number ranges in the customer and supplier account groups for the conversion and switch to external afterward
- D. Use internal number ranges in the BP groupings for the conversion and switch to external afterward
Answer: B
NEW QUESTION 49
Which actions will dose a dispute case created for a short payment? Note: There are 2 correct answers to this question.
- A. Running the automatic write-off program.
- B. Receiving a payment for the open amount.
- C. Posting a credit memo for only cash discount amount.
- D. Running the auto-confirm dispute case program.
Answer: A,B
NEW QUESTION 50
There are 8 customer-specific charts of depreciation in the client that area assigned to 22 active company codes, as required Additionally, there are 7 reference and unused. How many you charts of depreciation do you migrate?
- A. 0
- B. 1
- C. 2
- D. 3
- E. 4
Answer: C
NEW QUESTION 51
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 52
What can you do with asset accounting in SAP S/4HANA Finance? There are 3 correct answer to this question.
- A. Post revenue for retirements by acquisition and production cost.
- B. Define transaction types by depreciation area.
- C. Simultaneously post separate values by depreciation area.
- D. Complete periodic acquisition and production cost adjustments postings.
- E. Assign separate settlement rules for depreciation areas.
Answer: A,C,E
NEW QUESTION 53
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 54
You create a G/L account and set the cost element category to 42 (assessment).In what table is the cost element category updated?
- A. SKA1: G/L Account Plaster (Chart of Accounts)
- B. CSKB :Cost Elements (Data Dependent on Controlling Area)
- C. SKBI : G/L Account Plaster (Company Code)
- D. CSKA: Cost Elements (Data Dependent on chart of Accounts)
Answer: B
NEW QUESTION 55
What are the key components of the Intelligent Enterprise by SAP? There are 3 correct answer to this question.
- A. Intelligent technologies
- B. Seamless integration
- C. Digital platform
- D. Intelligent suite
- E. Hybrid Cloud
Answer: A,C,D
NEW QUESTION 56
On what level can you assign a fiscal year variant to a company code?
- A. Depreciation area
- B. Ledger
- C. Valuation area
- D. Accounting principle
Answer: D
NEW QUESTION 57
Which of the following is a prerequisite to activating takeover values between depreciation areas?
- A. Depreciation areas must be assigned to the same accounting principles
- B. Takeover values are possible across all depreciation areas
- C. Only the depreciation area for book depreciation is assigned 00
- D. Only one depreciation area per chart of depreciation is assigned 00
Answer: B
NEW QUESTION 58
What customizing option is available during the conversion project of an SAP ERP system with classic G/L to SAP S/4HANA 1809?
- A. Implement a new currency type.
- B. Introduce document splitting
- C. Add an extension ledger.
- D. Replace the accounts approach with the ledger approach.
Answer: A
NEW QUESTION 59
With SAP S/4HANA simplified logistics, which of the following are relevant to the material ledger? Note:
There are 2 correct answers to this question.
- A. The material ledger with actual costing requires a periodic costing run to update inventory values.
- B. The migration of material ledger is required when SAP S/4HANA Finance is already used in the legacy system.
- C. The migration of material ledger is NOT required if SAP S/4HANA Finance is already used in the legacy system.
- D. The material ledger uses the currencies defined in both the leading and non-leading ledgers.
Answer: A,B
NEW QUESTION 60
Which fields do you maintain when defining the source ledger for migration of balances? There are 2 correct answer to this question.
- A. Year
- B. Company Code
- C. Source table
- D. Period
Answer: A,B
NEW QUESTION 61
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 GUI
- B. SAP Fiori
- C. SAP BusinessObjects Analysis for Microsoft Office
- D. SAP Business Client
Answer: A
NEW QUESTION 62
You define an additional extension ledger. What type of ledger can you assign as underlying ledger?
- A. Special ledger
- B. Reconciliation ledger
- C. Standard ledger
- D. Material ledger
Answer: C
NEW QUESTION 63
You 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 resolver in the production system before Go-live
- B. All errors must be corrected during migration to complete it
- C. All errors related to the close years can be ignored
- D. Errors must be clarified and uncritical errors must be ignored
Answer: A,B
NEW QUESTION 64
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