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SAP S/4HANA Financials Professional Certification Exam Details:
| Reference Books | S4F01 (SAP S/4HANA 2020) S4F02 (SAP S/4HANA 2020) S4F03 (SAP S/4HANA 2020) S4F01 (SAP S/4HANA 1909) S4F02 (SAP S/4HANA 1909) S4F03 (SAP S/4HANA 1909) |
| Number of Questions | 80 |
| Duration | 180 mins |
| Passing Score | P_S4FIN_2020 - 60% P_S4FIN_1909 - 61% |
| Level | Associate |
| Exam Code | P_S4FIN_2020 |
NEW QUESTION 13
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? Please choose the correct answer.
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
NEW QUESTION 14
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 customer does NOT use business partners to manager customers and suppliers.
- B. The customers use the accounts approach for parallel accounting.
- C. The system has document splitting activated for all company codes.
- D. The system uses classic asset accounting to manage fixed assets.
Answer: D
NEW QUESTION 15
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. Profit center
- B. G/L accounts
- C. Cost element categories
- D. Value field
- E. Billing condition types.
Answer: B,C,E
NEW QUESTION 16
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. Generate the operating concern.
- C. Maintain the proper derivation rules in transaction KEDR.
- D. Create the user-defined characteristic and add it to the operating concern.
Answer: B,D
NEW QUESTION 17
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. It is always active on the system level for all company codes
- B. It will generate additional line items in ACDOCA for non-ledger-specific postings
- C. If asset accounting is used depreciation area must be assigned
- D. It must be assigned to underlying ledger
Answer: B,C
NEW QUESTION 18
Which modules remain unchanged after the migration to SAP S/4HANA? Note: There are 3 correct answers to this question.
- A. Costing-based CO-PA
- B. Liquidity planning
- C. Special purpose ledger
- D. Classic profit center accounting
- E. Account-based CO-PA
Answer: A,C,D
NEW QUESTION 19
Which of the following options in SAP S/4HANA 1809 is only possible in costing-based CO-PA and NOT in account-based CO-PA?
- A. Sales order entry postings.
- B. Production variance split per variance category.
- C. Manual postings.
- D. Cost of goods sold (COGS) split per cost component.
Answer: C
NEW QUESTION 20
Which modules read and write line items of the universal journal (ACDOCA)? There are 2 correct answers to this question
- A. Account based Profitability-Analysis
- B. Actual costing
- C. Costing-based profitability analysis
- D. Cash Management
Answer: A,C
NEW QUESTION 21
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 22
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. An extension ledger
- B. An additional accounting principle
- C. Zero balance Indicator for profit center
- D. A non-leading ledger
Answer: A,B
NEW QUESTION 23
A customer wants to analyze a G/L account, which is presenting asset acquisition value, on an investment order. What do you maintain in the G/L account master record to achieve this? There are 2 correct answers to this question.
- A. Enter value 90 in the cost element category field.
- B. Define the G/L account as an asset reconciliation account
- C. Set the G/L account type to Non-operating Expenses or income
- D. Select the Record Account Assignment indicator.
Answer: B,D
NEW QUESTION 24
What setting must be identical between the company code and controlling area?
- A. The number of postings and special periods
- B. The number of posting periods
- C. The fiscal year variant key
- D. The number of special periods
Answer: C
NEW QUESTION 25
What setting must be identical between the company code and controlling area? Please choose the correct answer.
- A. The number of postings and special periods
- B. The number of posting periods.
- C. The fiscal year variant key
- D. The number of special periods
Answer: C
NEW QUESTION 26
What restriction apply when a new currency is introduced for productive company codes and ledgers?
There are 2 correct answer to this question.
- A. Calculated values are NOT added to the ACDOCA.
- B. New currency fields are NOT updated for existing data.
- C. Archived data CANNOT be enriched with the new currency.
- D. Reconciliation for entities in asset accounting is NOT included.
Answer: C,D
NEW QUESTION 27
You want to configure an extension ledger. Which steps do you need to take? There are 2 correct answer to this question.
- A. Specify the document type for the extension ledger.
- B. Specify currency types for the extension ledger.
- C. Assign a fiscal year variant to the extension ledger.
- D. Select an Underlying ledger for the extension ledger.
Answer: B,D
NEW QUESTION 28
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. CSKA: Cost Elements (Data Dependent on chart of Accounts)
- B. CSKB :Cost Elements (Data Dependent on Controlling Area)
- C. SKA1: G/L Account Plaster (Chart of Accounts)
- D. SKBI : G/L Account Plaster (Company Code)
Answer: B
NEW QUESTION 29
What restriction apply when a new currency is introduced for productive company codes and ledgers? 2 correct answers
- A. Calculated values are NOT added to the ACDOCA
- B. New currency fields are NOT updated for existing data
- C. Reconciliation for entities in asset accounting is not included
- D. Archived data cannot be enriched with the new currency
Answer: C,D
NEW QUESTION 30
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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% |
| 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% |
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