(2022) P_S4FIN_2020 Dumps and Practice Test (82 Questions) [Q12-Q27]

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(2022) P_S4FIN_2020 Dumps and Practice Test (82 Questions)

Guide (New 2022) Actual SAP P_S4FIN_2020 Exam Questions

SAP S/4HANA Financials Professional Certification Exam Details:

Sample Questions	SAP S/4HANA Financials Professional Certification Sample Questions
Exam Code	P_S4FIN_2020
Exam Price	$550 (USD)
Level	Associate
Exam Name	SAP Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts SAP Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 1909)
Passing Score	P_S4FIN_2020 – 60% P_S4FIN_1909 – 61%
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

Q12. What is an advantage of selecting the multi-tenant edition of SAP S/4HANA Cloud instead of an On-premise SAP S/4HANA solution?

Faster innovation cycles

Fuller integration to external systems

Cloud platform compatibility

Support for all industries

Q13. Which object acts as a data source for cash management (cash flow analyser) in SAP S/4HANA?

Statistical key figure

Bank fees

Memo Records

Value fields

Q14. What are the key components of the Intelligent Enterprise by SAP? There are 3 correct answer to this question.

Seamless integration

Intelligent suite

Hybrid Cloud

Intelligent technologies

Digital platform

Q15. What processes do you perform as part of liquidity management? Note: There are 3 correct answers to this question.

Post credit memos

Monitor cash flow

Review credit standing

Perform planning

Forecast balances

Q16. 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?

Standard ledger A
Extension ledger C

Standard ledger A
Standard ledger B

Extension ledger C
Standard ledger B

Extension ledger C
Standard ledger A

Standard ledger B

Q17. What do you manage within cash operations of SAP Cash Management? Note: There are 2 correct answers to this question.

Credit limits for customer accounts

Hedging and hedging contracts

Bank risk analysis and risk mitigation

Daily cash position, deficits, and surpluses

Q18. You are using SAP S/4HANA with account-based profitability analysis. For which objects can you activate derivation of profitability characteristics for G/L line items, without profitability segment’?

Fixed assets

Suppliers

Production orders

Materials

Q19. Which type of extension ledger do you set up to record incoming sales orders for account-based profitability analysis? Please choose the correct answer.

Valuation

Extension

Prediction and commitments

Simulation

Q20. For which functionality is a productive material ledger a prerequisite?

Parallel currencies in the universal journal

Actual activity price determination

Parallel valuation for transfer pricing

Actual costing

Q21. What can you do with asset accounting in SAP S/4HANA Finance? There are 3 correct answer to this question.

Post revenue for retirements by acquisition and production cost.

Complete periodic acquisition and production cost adjustments postings.

Simultaneously post separate values by depreciation area.

Assign separate settlement rules for depreciation areas.

Define transaction types by depreciation area.

Q22. Which of the following roles are delivered as business partner roles? Note: There are 3 correct answers to this question.

Banks

Distribution channels

Employees

Suppliers

Bank accounts

Q23. Your customer uses classic G/L and asks for possibilities to implement new functionalities. What functionality can be activated during the conversion? Please choose the correct answer.

Additional FI currency

Account-based CO-PA

Document splitting

Transfer prices

Q24. 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.

Because balance carryforward was performed automatically due to postings to the subledgers in the new year

Because balance carryforward was performed for the leading ledger in general ledger

Because balance carryforward was carried out by the Reconcile Universal Journal Entry transaction since the reconciliation displayed NO error

Because balance carryforward was performed automatically when closing the previous year

Q25. You start 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.

Errors must be clarified, and uncritical errors can be ignored

All errors related to closed years can be ignored.

Critical errors must be resolved in the production system before Go Live.

All errors must be corrected during migration to complete it.

Q26. What can you assign in a depreciation area in SAP S/4HANA Finance asset accounting? Please choose the correct answer.

An accounting principle

A Clearing account

A Ledger group

A Parallel ledger

Q27. A business user entered the wrong password too many times and is locked out of the SAP Fiori launchpad. Where must the administrator unlock this user?

SAP S/4HANA back end

SAP Fiori launchpad designer

Front-end SAP Gateway server

SAP Smart Business

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