Financials in SAP S4HANA for SAP ERP Finance Experts P_S4FIN_2020 Exam Questions

1. P_S4FIN_2020 Free Questions P_S4FIN_2020 Free Questions SAP Certified Application Professional - SAP Certified Application Professional - Financials in SAP S/4HANA for SAP Financials in SAP S/4HANA for SAP ERP Finance Experts ERP Finance Experts https://www.passquestion.com/P_S4FIN_2020.html https://www.passquestion.com/P_S4FIN_2020.html

2. Question 1 Question 1 Which checks can you run directly in an SAP ECC system to support the planning of a 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 standard SAP S/4HANA conversion. NOTE: There are 3 correct answers to this question. question. A. Authority check A. Authority check B. Custom code check B. Custom code check C. Simplification item check C. Simplification item check D. SAP readiness check D. SAP readiness check E. Global performance analysis E. Global performance analysis Answer: B,C,E Answer: B,C,E

3. Question 2 Question 2 What function is delivered with business function EA-FIN to support SAP What function is delivered with business function EA-FIN to support SAP S/4HANA? S/4HANA? A. Parallel depreciation areas A. Parallel depreciation areas B. Parallel ledgers B. Parallel ledgers C. Special valuations C. Special valuations D. New Depreciation Engine D. New Depreciation Engine Answer: D Answer: D

4. Question 3 Question 3 You are converting your system to SAP S/4HANA. You are converting your system to SAP S/4HANA. Which functionality became obsolete in SAP S/4HANA in asset accounting and Which functionality became obsolete in SAP S/4HANA in asset accounting and needs to be needs to be A. insurance values in the asset master record A. insurance values in the asset master record B. non-posting depreciation areas B. non-posting depreciation areas C. year-end closing C. year-end closing D. segment and profit centre reporting D. segment and profit centre reporting Answer: B Answer: B

5. Question 4 Question 4 You are performing a system conversion for a customer that uses classic general You are performing a system conversion for a customer that uses classic general ledger with the accounts approach. ledger with the accounts approach. What must you configure in SAP S/4HANA for local and international 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 accounting standards in order to migrate the account values? There are 3 correct answers to this question. answers to this question. A. Document types A. Document types B. Accounting Principles B. Accounting Principles C. Valuation Areas (FI) C. Valuation Areas (FI) D. Ledger Groups D. Ledger Groups E. Standard ledgers E. Standard ledgers Answer: B,C,D Answer: B,C,D

6. Question 5 Question 5 You want to convert your system from an account solution into a ledger solution without a prior new You want to convert your system from an account solution into a ledger solution without a prior new G/ L migration project. G/ L migration project. Which scenario can be used? NOTE: There are 2 correct answers to this question. Which scenario can be used? NOTE: There are 2 correct answers to this question. A. Selective data transition A. Selective data transition B. System conversion (Brownfield) B. System conversion (Brownfield) C. Central Finance C. Central Finance D. New Implementation (greenfield) D. New Implementation (greenfield) Answer: C,D Answer: C,D

7. Question 6 Question 6 What setting must be identical between the company code and controlling area? What setting must be identical between the company code and controlling area? A. The number of special periods A. The number of special periods B. The number of postings and special periods B. The number of postings and special periods C. The fiscal year variant key C. The fiscal year variant key D. The number of posting periods D. The number of posting periods Answer: C Answer: C

8. Question 7 Question 7 You create a G/L account and set the cost element category to 42 You create a G/L account and set the cost element category to 42 (assessment).In what (assessment).In what table is the cost element category updated? table is the cost element category updated? A. CSKA: Cost Elements (Data Dependent on chart of Accounts) A. CSKA: Cost Elements (Data Dependent on chart of Accounts) B. SKA1: G/L Account Plaster (Chart of Accounts) B. SKA1: G/L Account Plaster (Chart of Accounts) C. CSKB: Cost Elements (Data Dependent on Controlling Area) C. CSKB: Cost Elements (Data Dependent on Controlling Area) D. SKBI: G/L Account Plaster (Company Code) D. SKBI: G/L Account Plaster (Company Code) Answer: C Answer: C

9. Question 8 Question 8 What can you do with SAP S/4HANA accrual management? What can you do with SAP S/4HANA accrual management? A. Post planned accrual amounts in table ACDOCP and analyse them in reports A. Post planned accrual amounts in table ACDOCP and analyse them in reports B. Carry forward accruals to future years independent of the other ledger values B. Carry forward accruals to future years independent of the other ledger values C. Automatically calculate accruals for asset acquisitions with purchase orders C. Automatically calculate accruals for asset acquisitions with purchase orders D. Post and analyse accruals in all currencies defined for the general ledger D. Post and analyse accruals in all currencies defined for the general ledger Answer: C Answer: C

10. Question 9 Question 9 Your customer wants to maintain the current customer and supplier account Your customer wants to maintain the current customer and supplier account numbers even after migrating to business partners. The customer also wants to numbers even after migrating to business partners. The customer also wants to ensure the account numbers continue to be aligned after the conversion. ensure the account numbers continue to be aligned after the conversion. What settings must be made to ensure this? What settings must be made to ensure this? A. Use external number ranges in the customer and supplier account groups for A. Use external number ranges in the customer and supplier account groups for the conversion and switch to internal afterward the conversion and switch to internal afterward B. Use internal number ranges in the BP groupings for the conversion and switch B. Use internal number ranges in the BP groupings for the conversion and switch to external afterward to external afterward C. Use internal number ranges in the customer and supplier account groups for C. Use internal number ranges in the customer and supplier account groups for the conversion and switch to external afterward the conversion and switch to external afterward D. Use external number ranges in the BP groupings for the conversion and D. Use external number ranges in the BP groupings for the conversion and switch to internal afterward switch to internal afterward Answer: A Answer: A

11. Question 10 Question 10 Which values can be posted to a specific ledger? There are 3 correct answer to this Which values can be posted to a specific ledger? There are 3 correct answer to this question. question. A. Depreciation A. Depreciation B. Taxes B. Taxes C. Payments C. Payments D. Accruals D. Accruals E. Currency valuation E. Currency valuation Answer: A,D,E Answer: A,D,E