Get 100% Passing Success With True P-S4FIN-2020 Exam! [Oct-2021]
SAP P-S4FIN-2020 PDF Questions - Exceptional Practice To SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts
NEW QUESTION 12
Which type of extension ledger do you set up to record incoming sales orders for account based profitability analysis?
- A. Prediction and commitments
- B. Valuation
- C. Simulation
- D. Extension
Answer: A
NEW QUESTION 13
Which transaction types can be restricted to depreciation areas in new Asset Accounting? Note: There are 2 correct answers to this question.
- A. Investment support
- B. Retirements
- C. Transfers
- D. Revaluation and new valuation
Answer: A,D
NEW QUESTION 14
How can you retract planned data from SAP Business Planning and Consolidation for SAP S/4HANA to SAP S/4HANA? Note: There are 2 correct answers to this question.
- A. Use the in-built BPC data extractor and upload template.
- B. Store your planned data in the ACDOCA table.
- C. Use a BW planning cube and a preconfigured content workbook.
- D. Store your planned data in the ACDOCP table.
Answer: C,D
NEW QUESTION 15
What are the features of the multi-valuation ledger for parallel valuation methods in SAP S/4HANA?
Note: There are 2 correct answers to this question.
- A. It is available only for new installations.
- B. It will NOT have any valuation view assigned to the ledger.
- C. It requires a non-leading ledger for parallel valuations.
- D. It utilizes separate amount columns in the same ledger.
Answer: B,D
NEW QUESTION 16
Which reports are included with SAP S/4HANA, embedded analytics? There are 2 correct answer to this question.
- A. Analytical List Page reports
- B. SAP Analysis for Microsoft Office reports
- C. SAP Lumira reports
- D. Multidimensional reports
Answer: A,D
NEW QUESTION 17
What must always be activated after the installation of SAP S/4HANA?
- A. Credit management
- B. Transfer prices
- C. Material ledger
- D. Profit center accounting
Answer: C
NEW QUESTION 18
What is an advantage of selecting the multi-tenant edition of SAP S/4HANA Cloud instead of an On- premise SAP S/4HANA solution? Please choose the correct answer.
- A. Faster innovation cycles
- B. Cloud platform compatibility
- C. Support for all industries
- D. Fuller integration to external systems
Answer: B
NEW QUESTION 19
Your customer wants to convert their SAP ERP classic general ledger to SAP S/4HANA. What system configuration options are available for the customer within the converted system? There are 2 correct answers to this question.
- A. Implementation of additional ledgers for parallel accounting
- B. Implementation of chart of accounts conversion
- C. Implementation of document splitting
- D. Implementation of additional currency type
Answer: A,C
NEW QUESTION 20
For which parameters can you define the minimum life to maintain documents in financial accounting for data aging? Note: There are 2 correct answers to this question.
- A. Document number
- B. Document type
- C. Account type
- D. Ledger group
Answer: B,C
NEW QUESTION 21
What restriction apply when a new currency is introduced for productive company codes and ledgers? 2 correct answers
- A. Archived data cannot be enriched with the new currency
- B. Reconciliation for entities in asset accounting is not included
- C. New currency fields are NOT updated for existing data
- D. Calculated values are NOT added to the ACDOCA
Answer: A,B
NEW QUESTION 22
You use document splitting and post an incoming invoice via a cost center to segment A.
You then use the Manual Reposting 01 Costa (KB11N) transaction to Repost the expense to segment B.
What happens to the segment assigned to the supplier line item in the original invoice posting?
- A. The open item is assigned to segment B when the invoice is paid.
- B. The open item is assigned to segment B through reclassification at month end.
- C. The open item remains on segment A.
- D. The open item is assigned to segment B automatically with the CO reposting.
Answer: C
NEW QUESTION 23
What is One Exposure from Operations?
- A. it is a standalone SAP NetWeaver system that handles Cash Operations integration.
- B. It is an ABAP report that shows the risk if the liquidity of the company will NOT meet short-term financial demands with the current business Operation.
- C. It is a central data storage location that integrates data from Treasury and Risk Management, Cash and Liquidity Management Contract Accounting, and Financial Operations.
- D. It is an SAP Fiori app that shows all the exposures of the company to foreign currency risk and interest risk.
Answer: C
NEW QUESTION 24
In your SAP S/4HANA system, ledger group L1 is assigned to a US GAAP accounting principle. You want to assign ledger group to the L1 to a separate depreciation areas that posts acquisition and production cost APC) and depreciation values. Which of the following limitations prevent you from making assignment?
- A. You assign transfer of APC values only from depreciation areas to which the same accounting principle is assigned.
- B. The US GAAP values need to be reported in USG-but-the company code currency is defined as EUR.
- C. One of the underlying ledgers is assigned to a fiscal year variant that has a different start/end date than the other ledgers.
- D. You use the accounts approach to parallel valuation and all accounting principles are assigned to a single ledger.
Answer: A
NEW QUESTION 25
You convert a system from SAP ERP with classic G/L to SAP S/4HANA.
Which activities must you perform in the productive SAP S/4HANA system before the software is installed? There are 2 correct answers to this question.
- A. Perform G/L customizing for migration.
- B. Run balance sheet and G/L account balances reporting.
- C. Start the RAPERB2000 asset report.
- D. Activate new Asset Accounting.
Answer: B,C
NEW QUESTION 26
Which type of extension ledger do you set up to record incoming sales orders for account-based profitability analysis? Please choose the correct answer.
- A. Prediction and commitments
- B. Valuation
- C. Simulation
- D. Extension
Answer: A
NEW QUESTION 27
After the migration to SAP S/4HANA 1709, you notice in the currency configuration of the company code that the global currency has the "Currency Is Only Available In Controlling" indicator. What might be the cause of this? Note: There are 2 correct answers to this question.
- A. Before the migration, the company code was NOT linked to a controlling area.
- B. Before the migration, the group currency of the controlling area was defined as a parallel currency in the company code.
- C. The controlling area linked to the company code was defined with currency type 20.
- D. Before the migration, the company code did NOT have any parallel currencies defined.
Answer: C,D
NEW QUESTION 28
Your customer has an SAP ERP system with classic G/L accounting and wants to convert to SAP S/4HANA as soon as possible during the current fiscal year. Which limitations apply in SAP S/4HANA? There are 3 correct answer to this question.
- A. You cannot configure and activate document splitting
- B. You must define valuation areas for foreign currency valuation
- C. You cannot continue to use the consolidation staging ledger
- D. You must configure profit center and segment accounting
- E. You must use the accounts approach to parallel valuation
Answer: A,C,D
NEW QUESTION 29
For which account assignments can you perform realignment in the universal journal? Note: There are 2 correct answers to this question.
- A. Functional area
- B. Profit center
- C. Customer group
- D. Sales region
Answer: C,D
NEW QUESTION 30
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?
- A. Use internal number ranges in the BP groupings for the conversion and switch to external afterward
- B. Use internal number ranges in the customer and supplier account groups for the conversion and switch to external afterward
- C. Use external number ranges in the customer and supplier account groups for the conversion and switch to internal afterward
- D. Use external number ranges in the BP groupings for the conversion and switch to internal afterward
Answer: C
NEW QUESTION 31
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? Please choose the correct answer.
- A. Activate the OData Service for role Z_MANACC which is assigned to according to the app according to the SAP Fiori apps reference library.
- B. Activate the user parameter for PFCG (role maintenance) for role Z_MANACC
- C. Add the app to a catalog and a group that are assigned to role Z_MANACC
- D. Assign the app directly to role Z_MANACC
Answer: C
NEW QUESTION 32
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