[Oct-2021] Updated SAP Certified Application Professional P-S4FIN-2020 Exam Questions BUNDLE PACK
Master The SAP Content P-S4FIN-2020 EXAM DUMPS WITH GUARANTEED SUCCESS!
NEW QUESTION 24
You migrate 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? Note: There are 3 correct answers to this question.
- A. Perform G/L customizing for migration.
- B. Run balance sheets and G/L account balances.
- C. Post required documents in FI and CO.
- D. Start the RAPERB2000 asset report.
- E. Activate new Asset Accounting.
Answer: B,C,D
NEW QUESTION 25
On which levels can you assign different technical clearing accounts for integrated acquisition in asset accounting. NOTE: There are 2 correct answers to this question
- A. Company code
- B. Transaction code
- C. Account determination
- D. Chart of accounts
Answer: C,D
NEW QUESTION 26
For which Cases Can you Use SAP Product Lifecycle Costing? There are 2 correct answer to this question.
- A. Standard price cost estimates
- B. Sales order cost estimates
- C. Preliminary cost estimates
- D. Quotation costing
Answer: C,D
NEW QUESTION 27
You compare the ACDOCA and BSEG tables and find that some Fl documents are NOT stored in the BSEG table. Which of the following financial accounting transactions creates entries only in the ACDOCA table?
- A. Depreciation run
- B. Post vendor invoice
- C. Execute profit-center allocation
- D. Cash journal posting
Answer: C
NEW QUESTION 28
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. Zero balance Indicator for profit center
- B. An additional accounting principle
- C. An extension ledger
- D. A non-leading ledger
Answer: B,C
NEW QUESTION 29
A business user entered the wrong password too many times and is locked out of the SAP Fiori launchpad. Where must the administrator unlock this user?
- A. SAP Smart Business
- B. SAP Fiori launchpad designer
- C. Front-end SAP Gateway server
- D. SAP S/4HANA back end
Answer: C
NEW QUESTION 30
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. Cost based CO-PA can still be used in parallel
- C. Cost component split (COGS) can be configured in financial accounting
- D. Value fields will be added to the universal Journal
- E. Historical data will be enriched with characteristics by derivation
Answer: A,B,C
NEW QUESTION 31
Cost of goods sold (COGS) split functionality is available in account-based CO-PA.
Which settings are necessary? Note: There are 2 correct answers to this question.
- A. Cost elements must be mapped to cost components
- B. Characteristic values and characteristic groups must be maintained
- C. Operating concern currency must be determined.
- D. The corresponding cost elements must exist in the chart of accounts.
Answer: A,D
NEW QUESTION 32
What are the key components of the intelligent enterprise by SAP? There are 3 correct answers to this question
- A. Hybrid cloud
- B. Intelligent Suite
- C. Digital Platform
- D. Intelligent Technologies
- E. Seamless integration
Answer: B,C,D
NEW QUESTION 33
On what level can you assign a fiscal year variant to a company code?
- A. Accounting principle
- B. Depreciation area
- C. Ledger
- D. Valuation area
Answer: A
NEW QUESTION 34
In your system. You are creating a new company code that requires as additional standard ledger. Which statements apply to a standard ledger? There are 2 correct answer to this question
- A. It will generate additional line items in ACDOCA for non-ledger-specific postings
- B. It must be assigned to underlying ledger
- C. If asset accounting is used depreciation area must be assigned
- D. It is always active on the system level for all company codes
Answer: A,C
NEW QUESTION 35
What customizing option is available during the conversion project of an SAP ERP system with classic G/L to SAP S/4HANA 1809?
- A. Implement a new currency type.
- B. Introduce document splitting
- C. Add an extension ledger.
- D. Replace the accounts approach with the ledger approach.
Answer: A
NEW QUESTION 36
You are converting your system to SAP S/4HANA.
In your system you have:Three company codes assigned to a single controlling areaControlling area is assigned to fiscal year variant K4.Two company codes assigned to fiscal year variant K2One company code assigned to variant K3. During conversion to SAP S/4HANA, what do you need to change?
- A. Change all company codes and the controlling area to fiscal year variant K2.
- B. Change all company codes to fiscal year variant K4
- C. Change all company codes to fiscal year variant K2.
- D. Change the controlling area to fiscal year variant K3.
Answer: B
NEW QUESTION 37
In controlling, what is a mandatory customizing step when convening a system to SAP S/4HANA?
- A. Activate account based CO-PA
- B. Define profit center hierarchy.
- C. Create document type for CO postings
- D. Migrate the material ledger
Answer: A
NEW QUESTION 38
In your system. You are creating a new company code that requires as additional standard ledger. Which statements apply to a standard ledger? There are 2 correct answer to this question.
- A. It must be assigned to an underlying ledger.
- B. It will generate additional line items in ACDOCA for non-ledger-specific postings.
- C. If asset accounting is used, a depreciation area must be assigned.
- D. It is always active on the system level for all company codes.
Answer: B,C
NEW QUESTION 39
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 balances of the table are posted as additional line items in the universal journal.
- C. The table is treated as a transient provider using BW query functionality.
- D. The entries of the table are converted into column store
Answer: A
NEW QUESTION 40
Which ledger-specific configuration can you maintain at company code level? There are 2 correct answer to this question.
- A. Financial statement version
- B. Fiscal year variant
- C. Field status variant
- D. Posting period variant
Answer: A,D
NEW QUESTION 41
At which level do you define that a G/L account is a secondary cost account?
- A. Company code
- B. Operating concern
- C. Controlling area
- D. Chart of accounts
Answer: D
NEW QUESTION 42
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?
- A. Intervals 1 and 2
- B. Intervals 1 and 3
- C. Only interval 3
- D. Only interval 2
Answer: C
NEW QUESTION 43
What credit management organizational element is required for calculating the credit limit, and enables you to carry out detailed checks at business.
- A. Company code
- B. Credit segment
- C. Credit control area
- D. Sales area
Answer: C
NEW QUESTION 44
What is the maximum number of currencies that can be defined in a ledger configuration? Please choose the correct answer.
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
NEW QUESTION 45
What are the parameters to define different technical clearing accounts for integrated acquisition in new asset counting? There are 2 correct answer to this question.
- A. Company code
- B. Account determination
- C. Chart of accounts
- D. Chart of depreciation
Answer: B,C
NEW QUESTION 46
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