[Nov 29, 2021] Actual4Exams P-S4FIN-2020 Exam Practice Test Questions (Updated 82 Questions)
Pass SAP P-S4FIN-2020 Exam Info and Free Practice Test
NEW QUESTION 20
On which levels can you assign semantic tags to a financial statement version in SAP Fiori?
There are 3 correct answer to this question.
- A. G/L account
- B. Business area
- C. Segment
- D. Financial statement item
- E. Functional area
Answer: A,D,E
NEW QUESTION 21
If you use the ledger approach, which customization settings must you apply for new Asset Account?
Note: There are 2 correct answers to these questions.
- A. Set reconciliation account for parallel valuation (non-leading ledger).
- B. Define a technical clearing account for integrated asset acquisitions.
- C. Assign an accounting principle to every depreciation area.
- D. Assign a controlling version to each depreciation area.
Answer: B,C
NEW QUESTION 22
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. Operating concern currency must be determined.
- D. The corresponding cost elements must exist in the chart of accounts.
Answer: A,D
NEW QUESTION 23
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. Define a clearing account
- B. Assign a segment to all G/L accounts
- C. Define a PA transfer structure
- D. Set the zero-balance indicator
Answer: A,D
NEW QUESTION 24
You maintain a Launchpad for users to which role Z MANACC is assigned. What do you need to do make an app available on the users Launchpad?
- A. Assign the app directly to role Z MANACC
- B. Activate the user parameter for PFCG (role maintenance) for role Z MANACC
- C. Add the app to a catalog and a group that are assigned to role Z MANACC
- D. Activate the OData Service for role Z MANACC which is assigned to the app according to the SAP Fiori apps reference library
Answer: C
NEW QUESTION 25
Which downstream activities can be updated when you post a payment in receivables management?
Note: There are 2 correct answers to this question.
- A. Update of a promise to pay
- B. Release of an order from credit hold
- C. Update of days sales outstanding calculations
- D. Reduction of an open dispute case amount
Answer: B,D
NEW QUESTION 26
What does an administrator need to do in the SAP Fiori Gateway server in order to launch a native SAP Fiori application from the SAP Fiori Launchpad? Note: There are 2 correct answers to this question.
- A. Assign the SAP Fiori tile catalog to a role relevant for the user.
- B. Activate the OData service relevant for the app.
- C. Activate the SAP Screen Personas flavor for the app.
- D. Assign the SAP Fiori tile group to a role relevant for the user.
Answer: A,B
NEW QUESTION 27
You define an additional extension ledger. What type of ledger can you assign as underlying ledger?
- A. Special ledger
- B. Material ledger
- C. Standard ledger
- D. Reconciliation ledger
Answer: C
NEW QUESTION 28
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. Activate the CO-PA append structure in ACDOCA.
- B. Create the user-defined characteristic and add it to the operating concern.
- C. Generate the operating concern.
- D. Maintain the proper derivation rules in transaction KEDR.
Answer: B,C
NEW QUESTION 29
In your SAP S/4HANA system, When does a document posted in controlling become Visible in financial accounting?
- A. When FI account assignments (such as the segment) change
- B. When real-time integration is active for the company code
- C. When document splitting is active for the company code
- D. When any primary and secondary cost and revenue accounts are posted
Answer: D
NEW QUESTION 30
Which object acts as a data source for cash management (cash flow analyser) in SAP S/4HANA?
- A. Memo Records
- B. Statistical key figure
- C. Value fields
- D. Bank fees
Answer: A
NEW QUESTION 31
Which values can be posted to a specific ledger? There are 3 correct answer to this question.
- A. Payments
- B. Taxes
- C. Accruals
- D. Currency valuation
- E. Depreciation
Answer: C,D,E
NEW QUESTION 32
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 NOT required if SAP S/4HANA Finance is already used in the legacy system.
- C. The migration of material ledger is required when 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,C
NEW QUESTION 33
You create a G/L account and set the cost element category to 42 (assessment). In what table is the cost element category updated? Please choose the correct answer.
- A. CSKB: Cost Elements (Data Dependent on Controlling Area)
- B. SKB1: G/L Account Master (Company Code)
- C. SKA1: G/L Account Master (Chart of Accounts)
- D. CSKA: Cost Elements (Data Dependent on chart of Accounts)
Answer: A
NEW QUESTION 34
What is the purpose of the retraction workbook? Please choose the correct answer.
- A. Retract planning data from ERP to BPC
- B. Retract planning data from BPC to ERP
- C. Retract planning data from ERP to BW
- D. Retract planning data from BW to ERP
Answer: B
NEW QUESTION 35
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 36
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. Period
- C. Company Code
- D. Source table
Answer: A,C
NEW QUESTION 37
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. Public cloud
- B. On-premise
- C. Hybrid
- D. Private cloud
Answer: B
NEW QUESTION 38
What are the data sources for cash management in SAP S/4HANA? There are 3 correct answers to this question.
- A. Sales order records
- B. Consolidation records
- C. Memo records
- D. Price records
- E. Purchase order records
Answer: A,C,E
NEW QUESTION 39
What can you assign in a depreciation area in SAP S/4HANA Finance asset accounting?
- A. An accounting principle
- B. Clearing account
- C. Parallel ledger
- D. Ledger group
Answer: A
NEW QUESTION 40
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SAP P-S4FIN-2020 Certification Exam Topics:
| Topic Areas | Topic Details, Courses, Books |
|---|---|
| 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. |
| 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 |
| 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. |
| 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. |
| 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. |
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.
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