P-S4FIN-2020 by SAP Valid Free Exam Practice Test

Question 1

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

A. Statistical key figure B. Bank fees C. Memo Records D. Value fields

Correct Answer: C

Question 2

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?

A. The customer does NOT use business partners to manage customers and suppliers B. The system has document splitting activated for all company codes C. The system uses classic asset account to manage fixed assets D. The customers uses the accounts approach for parallel accounting.

Correct Answer: C

Question 3

What restriction apply when a new currency is introduced for productive company codes and ledgers? 2 correct answers

A. New currency fields are NOT updated for existing data B. Calculated values are NOT added to the ACDOCA C. Reconciliation for entities in asset accounting is not included D. Archived data cannot be enriched with the new currency

Correct Answer: C,D

Question 4

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

Correct Answer: C

Question 5

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 must be assigned to underlying ledger C. It will generate additional line items in ACDOCA for non-ledger-specific postings D. If asset accounting is used depreciation area must be assigned

Correct Answer: C,D

Question 6

In the standard delivery system, what is the maximum of components you can use for the primary

A. 140 B. 160 C. 40 D. 25

Correct Answer: C

Question 7

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. Historical data will be enriched with characteristics by derivation C. Cost component split (COGS) can be configured in financial accounting D. Cost based CO-PA can still be used in parallel E. Value fields will be added to the universal Journal

Correct Answer: A,C,D

Question 8

What SAP Fiori app should be used to leverage the machine learning service for goods and invoice receipt reconciliation?

A. Post Goods Receipt for inbound Delivery B. Confirm Receipt of Goods C. Business Reconciliation Report D. Reconcile GR/IR accounts

Correct Answer: D

Question 9

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. Add the app to a catalog and a group that are assigned to role Z MANACC C. Activate the user parameter for PFCG (role maintenance) for 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

Correct Answer: B

SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts - P-S4FIN-2020 Exam Practice Test