Pass SAP P_S4FIN_2020 Financials in SAP S/4HANA for SAP ERP Finance Experts Exam In The First Try With P_S4FIN_2020 Questions

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Are you preparing for P_S4FIN_2020 SAP Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts certification exam? You can pass SAP P_S4FIN_2020 exam in the first try with the real questions. ITExamShop SAP P_S4FIN_2020 examquestions contain all the relevant and genuine knowledge about SAP Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts exam. Make sure to read SAP certification P_S4FIN_2020 questions carefully and thoroughly to prepare for P_S4FIN_2020 exam.

Financials in SAP S/4HANA for SAP ERP Finance Experts Exam P_S4FIN_2020 Free Questions Below

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1. 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.

Authority check

Custom code check

Simplification item check

SAP readiness check

Global performance analysis

2. What function is delivered with business function EA-FIN to support SAP S/4HANA?

Parallel depreciation areas

Parallel ledgers

Special valuations

New Depreciation Engine

3. You are converting your system to SAP S/4HANA .

Which functionality became obsolete in SAP S/4HANA in asset accounting and needs to be

insurance values in the asset master record

non-posting depreciation areas

year-end closing

segment and profit centre reporting

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.

Document types

Accounting Principles

Valuation Areas (FI)

Ledger Groups

Standard ledgers

5. You want to convert your system from an account solution into a ledger solution without a prior new G/ L migration project .

Which scenario can be used? NOTE: There are 2 correct answers to this question.

Selective data transition

System conversion (Brownfield)

Central Finance

New Implementation (greenfield)

6. What setting must be identical between the company code and controlling area?

The number of special periods

The number of postings and special periods

The fiscal year variant key

The number of posting periods

7. You create a G/L account and set the cost element category to 42 (assessment).In what

table is the cost element category updated?

CSKA: Cost Elements (Data Dependent on chart of Accounts)

SKA1: G/L Account Plaster (Chart of Accounts)

CSKB: Cost Elements (Data Dependent on Controlling Area)

SKBI: G/L Account Plaster (Company Code)

8. What can you do with SAP S/4HANA accrual management?

Post planned accrual amounts in table ACDOCP and analyse them in reports

Carry forward accruals to future years independent of the other ledger values

Automatically calculate accruals for asset acquisitions with purchase orders

Post and analyse accruals in all currencies defined for the general ledger

9. Your customer wants to maintain the current customer and supplier account numbers even after migrating to business partners. The customer also wants to ensure the account numbers continue to be aligned after the conversion .

What settings must be made to ensure this?

Use external number ranges in the customer and supplier account groups for the conversion and switch to internal afterward

Use internal number ranges in the BP groupings for the conversion and switch to external afterward

Use internal number ranges in the customer and supplier account groups for the conversion and switch to external afterward

Use external number ranges in the BP groupings for the conversion and switch to internal afterward

10. Which values can be posted to a specific ledger? There are 3 correct answer to this question.

Depreciation

Taxes

Payments

Accruals

Currency valuation

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11. You want to sell products from stock.

What do you need to maintain before you can analyse the cost of goods sold (COGS) subdivided By cost component in account-base (COPA). NOTE: There are 2 correct answers to this question

A collection of primary cost elements to receive the cost portions

A settlement profile to control the settlement of cost portions

An extension ledger with type" line items with technical numbers

A cost splitting profile in general ledger accounting

12. Which transactions generate a prima nota entry in the system in addition to the universal journal entry? There are 2 correct answers to this question

Post time sheet data to Controlling (CAT7)

Post FI supplier invoice (FB70)

Settlement of internal order (K088)

Assessment cycle of cost centers (KSUS)

13. In which of the possible scenarios can you indicate that an account is also a statistical cost elements? There are 2 correct answer to this question.

It is used as balance sheet account in fixed asset accounting

It is used a work in progress (WIP) inventory account in the material account assignment

It is used as special reserve balance account in fixed asset accounting

It is used as inventory account in the material account assignment

14. In your SAP S/4HANA system, When does a document posted in controlling become Visible in financial accounting?

When real-time integration is active for the company code

When FI account assignments (such as the segment) change

When document splitting is active for the company code

When any primary and secondary cost and revenue accounts are posted

15. Your customer has created a custom ABAP report in an SAP ERP system based on totals table GLTO .

How is this totals table treated in SAP S/4HANA to safeguard custom ABAP reporting programs?

The entries of the table are converted into column store

The content of the table is deleted and compatibility view is generated

The balances of the table are posted as additional line items in the universal journal.

The table is treated as a transient provider using BW query functionality

16. In controlling, what is a mandatory customizing step when convening a system to SAP S/4HANA?

Create document type for CO postings

Define profit center hierarchy.

Migrate the material ledger

Activate account based CO-PA

17. What are some features of actual costing in SAP S/4 HANA? There are 2 correct answer to this question

Simplified data structure with new table structure

Possibility of post-closing in the alternative valuation run (AVR)

Selection of activity prices of other CO-versions in the standard run

Reduced number of steps in the calculation cockpit

18. You run an assessment cycle, but no postings are made because the posting period is NOT open .

Which period intervals do you need to maintain so that the results of the assessment can be posted without allowing other FI postings?

Only interval 3

Only interval 2

Intervals 1 and 3

Intervals 1 and 2

19. You activate account-based CO-PA (Profitability Analysis) during migration .

How is the system

affected?

There are 3 correct answers to this question.

Historical data will be enriched with characteristics by derivation

Cost based CO-PA can still be used in parallel

Cost component split (COGS) can be configured in financial accounting

Value fields will be added to the universal Journal

Characteristics will be added to universal journal

20. 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?

Activate the OData Service for role Z MANACC which is assigned to the app according to the SAP Fiori apps reference library

Assign the app directly to role Z MANACC

Add the app to a catalog and a group that are assigned to role Z MANACC

Activate the user parameter for PFCG (role maintenance) for role Z MANACC