Verified P_S4FIN_2020 dumps Q&As - 2022 Latest P_S4FIN_2020 Download
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P_S4FIN_2020 Exam Certification Details:
| Duration: | 180 mins |
| Languages: | English |
| Level: | Associate |
| Exam: | 80 questions |
| Cut Score: | 60% |
NEW QUESTION 12
At which level do you define that a G/L account is a secondary cost account?
- A. Chart of accounts
- B. Operating concern
- C. Company code
- D. Controlling area
Answer: A
NEW QUESTION 13
What system configuration in your customers current SAP ERP system will have a major effect on the duration and complexity of a system conversion to SAP S/4HANA? Please choose the correct answer.
- A. The customer does NOT use business partners to manager customers and suppliers.
- B. The customers use the accounts approach for parallel accounting.
- C. The system has document splitting activated for all company codes.
- D. The system uses classic asset accounting to manage fixed assets.
Answer: D
NEW QUESTION 14
In which cases can you use a transfer price for goods movement in parallel valuation? There are 2 correct answers to this question.
- A. Between two company codes
- B. Between two plants
- C. Between two profit centers
- D. Between two accounting principles
Answer: A,C
NEW QUESTION 15
An asset is being acquired through integration with procurement. How is the asset acquisition value posted? Please choose the correct answer.
- A. Valuated acquisition is posted at settlement.
- B. Non-Valuated acquisition is posted at goods receipt.
- C. Non-valuated acquisition is posted at invoice receipt.
- D. Valuated acquisition is posted at invoice receipt.
Answer: C
NEW QUESTION 16
What restriction apply when a new currency is introduced for productive company codes and ledgers? 2 correct answers
- A. Calculated values are NOT added to the ACDOCA
- B. New currency fields are NOT updated for existing data
- C. Reconciliation for entities in asset accounting is not included
- D. Archived data cannot be enriched with the new currency
Answer: C,D
NEW QUESTION 17
In which sequence do you create the objects required for the SAP financial closing cockpit?
- A. 1. Define task levels
2. Create task group
3. Release task levels
4. Release task group - B. 1. Create template
2. Create tasks
3. Create task lists
4. Release task lists - C. 1. Create task group
2. Create task lists
3 Create tasks
4. Release task lists - D. 1. Define closing periods
2. Create task lists
3. Release task lists
4. Release closing periods
Answer: B
NEW QUESTION 18
What is posted at the same time to both account-based and costing-based profitability analysis? There are 2 correct answer to this question
- A. Actual cost component splits of goods sold
- B. Incoming sales orders
- C. Actual revenue
- D. Standard cost of goods sold
Answer: A,C
NEW QUESTION 19
What models are required to support advanced planning for embedded BPC? There are 2 correct answers to this question.
- A. Source model
- B. Exchange Rate model
- C. Consolidation model
- D. Ownership model
Answer: A,B
NEW QUESTION 20
On which levels can you assign semantic tags to a financial statement version in SAP Fiori? There are 3 correct answer to this question.
- A. G/L account
- B. Financial statement item
- C. Functional area
- D. Segment
- E. Business area
Answer: A,B,C
NEW QUESTION 21
If you use the ledger approach, which customization settings must you apply for new Asset Account?
Note: There are 2 correct answers to these questions.
- A. Define a technical clearing account for integrated asset acquisitions.
- B. Set reconciliation account for parallel valuation (non-leading ledger).
- C. Assign an accounting principle to every depreciation area.
- D. Assign a controlling version to each depreciation area.
Answer: A,C
NEW QUESTION 22
Your customer upgraded a system to SAP S/4HANA for test reasons. During testing, you receive feedback from the business department that while opening and closing posting periods, the systems asks for a customizing request. What is the reason? Please choose the correct answer.
- A. The client role is set to test in the client maintenance.
- B. This is a new feature in SAP S/4HANA as proof of change.
- C. The migration is NOT set to complete.
- D. The authorization to save the posting periods is missing.
Answer: A
NEW QUESTION 23
You want to refine the settings for splitting variance categories into G/L accounts in an SAP S/4HANA 1809 system with account-based CO-PA.
Which prerequisites must be met? Note: There are 2 correct answers to this question.
- A. You have set up accounts for transaction key BSX and GBB in the MM account determination.
- B. You have defined a PA transfer structure for settlement.
- C. You have defined a settlement profile that allows the settlement of variances for your order type.
- D. You have executed the variance calculation in CO-PC.
Answer: A,D
NEW QUESTION 24
During SAP S/4HANA conversion, why is it necessary to migrate balances for FI and CO? Please choose the correct answer.
- A. Because a delta between all line items and the balance of every account will be updated in the universal journal
- B. Because the system posts FI/CO documents for all missing line items by comparing them to the balance of the account
- C. Because the system displays an error if the sum of aggregated line items differs from the balance
- D. Because all balances from the past years are stored in the universal journal
Answer: A
NEW QUESTION 25
During SAP S/4HANA conversion, why is it necessary to migrate balances for FI and CO?
- A. Because a delta between all line items and the balance of every account will be updated in the universal journal
- B. Because the system posts FI/CO documents for all missing line items by comparing them to the balance of the account
- C. Because the system displays an error if the sum of aggregated line items differs from the balance
- D. Because all balances from the past years are stored in the universal journal
Answer: A
NEW QUESTION 26
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'?
- A. Production orders
- B. Suppliers
- C. Fixed assets
- D. Materials
Answer: A
NEW QUESTION 27
You want to create a balance sheet and profit & loss statement on segment level. Which steps do you need to take in the system?
There are 2 correct answers to this question
- A. Define a clearing account
- B. Assign a segment to all G/L accounts
- C. Define a PA transfer structure
- D. Set the zero balance indicator
Answer: A,D
NEW QUESTION 28
What are the key components of the intelligent enterprise by SAP? There are 3 correct answers to this question
- A. Seamless integration
- B. Intelligent Technologies
- C. Intelligent Suite
- D. Hybrid cloud
- E. Digital Platform
Answer: B,C,E
NEW QUESTION 29
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. All views are generated successfully
- B. All error messages have been accepted
- C. Customizing is consistent
- D. The previous year can be reopened
- E. Migration for logistics can begin
Answer: A,B,C
NEW QUESTION 30
Your customer has created a custom ABAP report in an SAP ERP system based on totals table GLT0. How is this totals table treated in SAP S/4HANA to safeguard custom ABAP reporting programs? Please choose the correct answer.
- A. The content of the table is deleted, and a compatibility view is generated.
- B. The entries of the table are converted into column store
- C. The balances of the table are posted as additional line items in the universal journal.
- D. The table is treated as a transient provider using BW query functionality.
Answer: A
NEW QUESTION 31
In controlling, what is a mandatory customizing step when convening a system to SAP S/4HANA?
- A. Define profit center hierarchy.
- B. Create document type for CO postings
- C. Migrate the material ledger
- D. Activate account based CO-PA
Answer: D
NEW QUESTION 32
What must you do before a Go Live migration in the productive client can be set to Complete in customizing? Note: There are 2 correct answers to this question.
- A. Apply small-scale live postings of the day-to-day business to check the system
- B. Transfer application indexes using data aging
- C. Finalize the before-and-after comparison of the financial reports with the business department
- D. Get approval of business department and project management.
Answer: A,B
NEW QUESTION 33
How do you compensate for the technical clearing account NOT balancing in all accounting principles with the accounts approach for parallel valuation? Please choose the correct answer.
- A. By running the monthly depreciation posting
- B. By maintaining the offset account in the asset account determination
- C. By entering manual corrective clearing transfer postings
- D. By running the periodic acquisition and production cost posting
Answer: B
NEW QUESTION 34
You notice alpha-numeric document numbers in the Universal journal that do not have a separate document header stored in the BKPF table. Which activities may lead to alpha-numeric document numbers?
There are 2 correct answer to this question.
- A. Corrections due to migration
- B. Settlement of investment orders
- C. Balance carry forward
- D. Cross company code postings
Answer: B,D
NEW QUESTION 35
What restriction apply when a new currency is introduced for productive company codes and ledgers?
There are 2 correct answer to this question.
- A. Calculated values are NOT added to the ACDOCA.
- B. New currency fields are NOT updated for existing data.
- C. Archived data CANNOT be enriched with the new currency.
- D. Reconciliation for entities in asset accounting is NOT included.
Answer: C,D
NEW QUESTION 36
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. All views are generated successfully
- B. Customizing is consistent
- C. The previous year can be reopened
- D. All error messages have been accepted.
- E. Migration for logistics can begin
Answer: A,B,D
NEW QUESTION 37
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