[Nov-2021] Verified SAP Exam Dumps with P-S4FIN-2020 Exam Study Guide
Best Quality SAP P-S4FIN-2020 Exam Questions PassReview Realistic Practice Exams [2021]
NEW QUESTION 16
How many digits for the amount field on the financial document line item level are supported in the universal journal?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: D
NEW QUESTION 17
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. Standard cost of goods sold
- C. Incoming sales orders
- D. Actual revenue
Answer: A,D
NEW QUESTION 18
What processes do you perform as part of liquidity management? Note: There are 3 correct answers to this question.
- A. Monitor cash flow
- B. Perform planning
- C. Forecast balances
- D. Review credit standing
- E. Post credit memos
Answer: A,B,C
NEW QUESTION 19
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. Segment
- C. Business area
- D. Functional area
- E. Financial statement item
Answer: A,D,E
NEW QUESTION 20
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 21
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 22
You are converting your system to SAP S/4HANA.
In your system you have:
Three company codes assigned to a single controlling area Controlling area is assigned to fiscal year variant K4.
Two company codes assigned to fiscal year variant K2
One company code assigned to variant K3 During conversion to SAP S/4HANA, what do you need to change?
- A. Change all company codes to fiscal year variant K4
- B. Change all company codes to fiscal year variant K2
- C. Change all company codes and the controlling area to fiscal year variant K2
- D. Change the controlling area to fiscal year variant K3.
Answer: A
NEW QUESTION 23
When does a document posted in controlling become Visible in financial accounting? Please choose the correct answer.
- A. When real-time integration is active for the company code
- B. When document splitting is active for the company code
- C. When FI account assignments (such as the segment) change
- D. When any primary or secondary cost and revenue accounts are posted
Answer: D
NEW QUESTION 24
What must you create before you can record commitments in the universal journal?
- A. Extension ledger
- B. Non-leading standard ledger
- C. Mapping for condition types
- D. CO version
Answer: A
NEW QUESTION 25
What is the purpose of the retraction workbook? Please choose the correct answer.
- A. Retract planning data from BW to ERP
- B. Retract planning data from ERP to BW
- C. Retract planning data from BPC to ERP
- D. Retract planning data from ERP to BPC
Answer: C
NEW QUESTION 26
In a first step, you create an account with account type "secondary cost element" and cost element category "42" in controlling area A000 and company code 1010. In a second step, you change this account to cost category "43" in company code 1750, which is assigned to the same controlling are a. What is the effect in the system when you save this account?
- A. This system brings up an error message and rejects the change
- B. The cost element category in the account is also changed for company code 1010
- C. The user is asked which categorywill be used in the future
- D. The cost element category is different in the two company codes
Answer: B
NEW QUESTION 27
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 28
What data is migrated during system conversion? Please choose the correct answer.
- A. All company codes with all data of all years.
- B. Only company codes flagged as productive with all years
- C. All company codes for the years you specify
- D. Only company codes and years selected in the customizing for migration
Answer: A
NEW QUESTION 29
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 30
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 31
The classic Asset Accounting posts acquisitions and retirements for a second accounting principle to an extra offset account in the account approach. How is this handled in new Asset Accounting using an accounts approach in SAP S/4HANA?
- A. The extra offset account is obsolete and will be replaced by the technical clearing account.
- B. The accounts approach must be replaced because the ledger approach is the only valid option
- C. There is no need to use such offset accounts anymore because of real-time postings.
- D. The extra offset account has to be used as in the classic Asset Accounting.
Answer: A
NEW QUESTION 32
There are 8 customer-specific charts of depreciation in the client that area assigned to 22 active company codes, as required Additionally, there are 7 reference and unused. How many you charts of depreciation do you migrate?
- A. 0
- B. 1
- C. 2
- D. 3
- E. 4
Answer: E
NEW QUESTION 33
You start your first sandbox migration and get a lot of errors. How are errors in an SAP S/4HANA migration handled? There are 2 correct answer to this question.
- A. All errors must be corrected during migration to complete it.
- B. Errors must be clarified, and uncritical errors can be ignored
- C. Critical errors must be resolved in the production system before Go Live.
- D. All errors related to closed years can be ignored.
Answer: A,C
NEW QUESTION 34
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 35
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 36
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 profit centres
- C. Between two plants
- D. Between two accounting principles
Answer: A,B
NEW QUESTION 37
A customer wants to analyze a G/L account, which is presenting asset acquisition value, on an investment order. What do you maintain in the G/L account master record to achieve this? There are 2 correct answers to this question.
- A. Select the Record Account Assignment indicator.
- B. Enter value 90 in the cost element category field.
- C. Define the G/L account as an asset reconciliation account
- D. Set the G/L account type to Non-operating Expenses or income
Answer: A,C
NEW QUESTION 38
What is the maximum number of currency types that you can report on for a Ledger?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: D
NEW QUESTION 39
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 40
What are the improvements to new cash pooling? There are 2 correct answers to this question.
- A. You can set deficit and excess tolerances. If the balance is between the tolerances, no transfer is made.
- B. The balance before concentration and the simulated balance after the concentration can be compared.
- C. The business user can define "expected amount" and "minimal movement amount" for every bank account without configuration.
- D. Different payment methods for payment requests can be specified in different paying company codes.
Answer: B,C
NEW QUESTION 41
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