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Note! Following P_S4FIN_2020 Exam is Retired now. Please select the alternative replacement for your Exam Certification. The new exam code is P_S4FIN_2021

P_S4FIN_2020 SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts Questions and Answers

Questions 4

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.

Options:

A.

It is used as balance sheet account in fixed asset accounting

B.

It is used a work in progress (WIP) inventory account in the material account assignment

C.

It is used as special reserve balance account in fixed asset accounting

D.

It is used as inventory account in the material account assignment

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Questions 5

You create a G/L account and set the cost element category to 42 (assessment).In what table is the cost element category updated?

Options:

A.

CSKA: Cost Elements (Data Dependent on chart of Accounts)

B.

SKA1: G/L Account Plaster (Chart of Accounts)

C.

CSKB :Cost Elements (Data Dependent on Controlling Area)

D.

SKBI : G/L Account Plaster (Company Code)

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Questions 6

Which values can be posted to a specific ledger? There are 3 correct answer to this question.

Options:

A.

Depreciation

B.

Taxes

C.

Payments

D.

Accruals

E.

Currency valuation

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Questions 7

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

Options:

A.

A collection of primary cost elements to receive the cost portions

B.

A settlement profile to control the settlement of cost portions

C.

An extension ledger with type" line items with technical numbers

D.

A cost splitting profile in general ledger accounting

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Questions 8

What do you configure to enable the automatic creation of a vendor when you create a business partner? There are 2 correct answers to this question

Options:

A.

The partner functions for vendors

B.

The Business partner grouping key

C.

The customer/vendor integration interface

D.

The incoterms for vendors

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Questions 9

What is an advantage of selecting the multi-tenant edition of SAP S/4HANA Cloud instead of an On-premise SAP S/4HANA solution?

Options:

A.

Faster innovation cycles

B.

Fuller integration to external systems

C.

Cloud platform compatibility

D.

Support for all industries

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Questions 10

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

Options:

A.

Assign a segment to all G/L accounts

B.

Set the zero balance indicator

C.

Define a clearing account

D.

Define a PA transfer structure

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Questions 11

Which fields do you maintain when defining the source ledger for migration of balances? There are 2 correct answer to this question.

Options:

A.

Company Code

B.

Period

C.

Year

D.

Source table

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Questions 12

What system configuration in your customers current SAP ERP system will have a major effect on the duration and complexity of the system conversion to S/4HANA?

Options:

A.

The customers uses the accounts approach for parallel accounting.

B.

The system uses classic asset account to manage fixed assets

C.

The system has document splitting activated for all company codes

D.

The customer does NOT use business partners to manage customers and suppliers

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Exam Code: P_S4FIN_2020
Exam Name: SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts
Last Update: Feb 21, 2024
Questions: 80