P_S4FIN_2020 by SAP Valid Free Exam Practice Test

Question 1

On what level can you assign a fiscal year variant to a company code?

A. Valuation area B. Accounting principle C. Ledger D. Depreciation area

Correct Answer: B

Question 2

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 additional accounting principle B. Zero balance Indicator for profit center C. An extension ledger D. A non-leading ledger

Correct Answer: A,C

Question 3

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. Customizing is consistent B. All views are generated successfully C. Migration for logistics can begin D. The previous year can be reopened E. All error messages have been accepted

Correct Answer: A,B,E

Question 4

You are performing a system conversion for a customer that uses classic general ledger with the accounts approach. What must you configure in SAP S/4HANA for local and international accounting standards in order to migrate the account values? There are 3 correct answers to this question.

A. Valuation Areas (FI) B. Standard ledgers C. Accounting Principles D. Ledger Groups E. Document types

Correct Answer: A,C,D

Question 5

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

Question 6

Which modules read and write line items of the universal journal (ACDOCA)? There are 2 correct answers to this question

A. Cash Management B. Costing-based profitability analysis C. Account based Profitability-Analysis D. Actual costing

Correct Answer: B,C

Question 7

You want to post values of the incoming sales order to both account-based CO-PA and Costing based CO-PA.
What do you need to maintain?
NOTE: There are 3 correct answers to this question

A. Creative statistical cost elements for cost and revenues of incoming sales orders B. Activate predictive accounting for incoming sales orders C. Activate the indicator for incoming sales orders in the attributes view of the operating concerns D. Setup an extension ledger with type "line items with technical numbers" E. Activate the transfer of incoming sales orders

Correct Answer: A,B,E

Question 8

Which checks can you run directly in an SAP ECC system to support the planning of a standard SAP S/4HANA conversion. NOTE: There are 3 correct answers to this question.

A. Authority check B. Custom code check C. Simplification item check D. SAP readiness check E. Global performance analysis

Correct Answer: B,C,E

Question 9

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

SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts - P_S4FIN_2020 Exam Practice Test