[2022] P-S4FIN-2020 Actual Exam Dumps, P-S4FIN-2020 Practice Test
Exam4Tests P-S4FIN-2020 dumps & SAP Certified Application Professional sure practice dumps
NEW QUESTION 20
What must always be activated after the installation of SAP S/4HANA?
- A. Profit center accounting
- B. Credit management
- C. Transfer prices
- D. Material ledger
Answer: D
NEW QUESTION 21
What are some features of actual costing in SAP S/4HANA? There are 2 correct answer to this question.
- A. Possibility of post-closing in the alternative valuation run (AVR)
- B. Selection of activity prices of other CO-version in the standard run
- C. Reduced number of steps in the calculation cockpit
- D. Simplified data structure with new table structure
Answer: C,D
NEW QUESTION 22
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 posts FI/CO documents for all missing line items by comparing them to the balance of the account
- B. Because the system displays an error if the sum of aggregated line items differs from the balance
- 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 23
You run foreign currency valuation for both local and international GAAP. This leads to different values for the two different accounting principles. How can you set this up in the system?
- A. Define a valuation area and ledger group for two ledgers to link with the new valuation area.
- B. Define two valuation methods and assign the accounting principles to the new valuation method
- C. Define a valuation area and extension ledger to link with the new valuation area
- D. Define two valuation areas and two accounting principles with relevant links to ledgers
Answer: D
NEW QUESTION 24
At which level does the functional migration for finance data have to be performed?
- A. Company code
- B. System
- C. Client
- D. Controlling area
Answer: A
NEW QUESTION 25
The screenshot displays how the depreciation areas of a chart of depreciation post, to the G/L By looking at the screenshot what can you learn about the company code and ledger configuration?
- A. There is one extension ledger assigned to the leading ledger.
- B. There are two currency types assigned to the company code.
- C. There are no more than two ledger groups defined for the company code
- D. There are two ledgers posted during transaction processing.
Answer: C
NEW QUESTION 26
You convert a system from SAP ERP with classic G/L to SAP S/4HANA.
Which activities must you perform in the productive SAP S/4HANA system before the software is installed? There are 2 correct answers to this question.
- A. Perform G/L customizing for migration.
- B. Start the RAPERB2000 asset report.
- C. Activate new Asset Accounting.
- D. Run balance sheet and G/L account balances reporting.
Answer: B,D
NEW QUESTION 27
Your customer uses SAP ERP on any database with EHP 8, classic G/L with accounts approach, and more than 10 years' worth of dat a. What can you do in separate projects before the SAP S/4HANA conversion to reduce the complexity of your conversion project? Note: There are 2 correct answers to this question.
- A. Implement an archiving project.
- B. Adopt new Asset Accounting.
- C. Launch customer-vendor integration for the business partner.
- D. Create a backup.
Answer: A,D
NEW QUESTION 28
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 29
The following ledgers are assigned to your company code in financial accounting. Standard ledgers A and B Extension ledger C with Standard ledger A as. Which ledgers are listed in the universal journal entry line items after you enter an incoming ivocie?
- A. Standard ledger A
Standard ledger B - B. Extension ledger C
Standard ledger B - C. Standard ledger A
Extension ledger C - D. Standard ledger B
- E. Extension ledger C
Standard ledger A
Answer: A
NEW QUESTION 30
What happens during the migration activity Regenerate CDS Views and Field Mapping? Note: There are
2 correct answers to this question.
- A. The field mapping for the customer and vendor integration is created.
- B. The redirection of SELECT statements is generated.
- C. The customer-specific fields are included in the data migration procedure.
- D. The OData services for SAP Fiori integration are activated.
Answer: B,C
NEW QUESTION 31
What can you do in the Cockpit view of SAP Product Lifecycle Costing?
- A. View the costing structure.
- B. Manage calculation versions.
- C. Define global settings for currencies and units of measure.
- D. Receive an overview of the available master data.
Answer: B
NEW QUESTION 32
You activate account-based CO-PA (Profitability Analysis) during migration. How is the system affected?
There are 3 correct answers to this question.
- A. Characteristics will be added to universal journal
- B. Cost based CO-PA can still be used in parallel
- C. Historical data will be enriched with characteristics by derivation
- D. Value fields will be added to the universal Journal
- E. Cost component split (COGS) can be configured in financial accounting
Answer: A,B,E
NEW QUESTION 33
You want to post intercompany asset transfer only for IFRS. Which objects can you specify in the transfer posting to achieve this? Note: There are 2 correct answers to this question.
- A. Ledger group
- B. Accounting principle
- C. Transaction type
- D. Depreciation area
Answer: A,B
NEW QUESTION 34
What can you assign in a depreciation area in SAP S/4HANA Finance asset accounting?
- A. Parallel ledger
- B. Ledger group
- C. Clearing account
- D. An accounting principle
Answer: D
NEW QUESTION 35
Which object acts as a data source for cash management (cash flow analyser) in SAP S/4HANA?
- A. Bank fees
- B. Statistical key figure
- C. Value fields
- D. Memo Records
Answer: D
NEW QUESTION 36
What SAP Fiori app should be used to leverage the machine learning service for goods and invoice receipt reconciliation?
- A. Business Reconciliation Report
- B. Post Goods Receipt for inbound Delivery
- C. Confirm Receipt of Goods
- D. Reconcile GR/IR accounts
Answer: D
NEW QUESTION 37
Your customer uses the ledger approach to multiple valuation. During conversion to SAP S/4HANA, which configurations will be required? There are 2 correct answer to this question.
- A. Convert accounts of parallel valuations to asset reconciliation accounts.
- B. Configure data depreciation areas to no longer post to the general ledger.
- C. Define the document type for the accounting-principle-specific-documents.
- D. Assign accounting principles to all real and derived depreciation areas.
Answer: A,D
NEW QUESTION 38
Where do you assign the customer and vendor account groups when preparing for integration with the business partner (BP)? Note: There are 2 correct answers to this question.
- A. BP grouping
- B. BP role group
- C. BP category
- D. BP role
Answer: A,D
NEW QUESTION 39
You perform planning in SAP Business Planning and Consolidation for SAP S/4HANA.
Why do you retract the plan data from SAP Business Planning and Consolidation for SAP SI4HANA and return it to the standard planning tables? Note: There are 2 correct.
- A. To prepare for financial consolidation
- B. To use standard SAP GUI plan/actual reporting
- C. To perform planning allocation
- D. To perform availability
Answer: B,C
NEW QUESTION 40
In controlling. What is a mandatory customizing step when converting a system to SAP S/4HANA? Please choose the correct answer.
- A. Define profit center hierarchy.
- B. Activate Account-based CO-PA.
- C. Create document type for CO postings.
- D. Migrate the material ledger.
Answer: B
NEW QUESTION 41
You are performing a legacy asset data transfer in your SAP S/4HANA system. Your fiscal year end date is December 31.2017 and your asset transfer date is February 26 2018.Which of the following values do you need to provide during legacy asset transfer? Note: There are 3 correct answers to this question.
- A. Ordinary depreciation values
- B. Accumulated depreciation values
- C. Acquisition and production costs
- D. Unplanned depredation values
- E. Revaluation value
Answer: A,B,C
NEW QUESTION 42
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. The previous year can be reopened
- B. Migration for logistics can begin
- C. All error messages have been accepted.
- D. Customizing is consistent
- E. All views are generated successfully
Answer: C,D,E
NEW QUESTION 43
A document can have up to 999999 line items in the universal journal (reposing or G/L view). How does this affect the entry view (table BSEG)?
- A. The system splits the single entry into multiple documents as required
- B. It is limited to 999 items
- C. It is extended to 999999 line items
- D. The entry view is also based on the universal journal
Answer: B
NEW QUESTION 44
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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.
P-S4FIN-2020 Actual Questions and Braindumps: https://www.exam4tests.com/P-S4FIN-2020-valid-braindumps.html