[Sep-2021] SAP P_S4FIN_2020 Dumps – Reduce Your Chance of Failure in P_S4FIN_2020 Exam
To help you achieve your ultimate goal, we suggest the actual SAP P_S4FIN_2020 dumps for your SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts exam preparation to use as your guideline.
NEW QUESTION 18
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 19
Your customer uses classic G/L and asks for possibilities to implement new functionalities. What functionality can be activated during the conversion?
- A. Document Splitting
- B. transfer prices
- C. Additional FI Currency
- D. Account-based CO-PA
Answer: D
NEW QUESTION 20
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 21
What can you do when you use Account Basis for cost of goods sold (COGS) split in SAP S/4HANA 1809?
Note: There are 2 correct answers to this question.
- A. Enable COGS split on the basis of the main cost component structure and auxiliary cost component structure.
- B. Enable COGS split for sales processes posted to internal orders and projects.
- C. Enable COGS split for stock transfers and point-of-sale transactions.
- D. Enable COGS split for postings made on the source account through internal processes in Financials and Controlling.
Answer: A,D
NEW QUESTION 22
What are the key components of the Intelligent Enterprise by SAP? There are 3 correct answer to this question.
- A. Intelligent suite
- B. Intelligent technologies
- C. Seamless integration
- D. Digital platform
- E. Hybrid Cloud
Answer: A,B,D
NEW QUESTION 23
How can financial data be stored in the SAP S/4HANA system tables? Note: There are 2 correct answers to this question.
- A. There can be a line item in BSEG without a corresponding document in BKPF.
- B. There can be a line item in ACDOCA without a corresponding line item in BKPF.
- C. There can be a line item added in BSEG without a corresponding line item in ACDOCA.
- D. There can be a line item in ACDOCA without a corresponding line item in BSEG.
Answer: B,D
NEW QUESTION 24
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 25
What can you do in the Cockpit view of SAP Product Lifecycle Costing?
- A. View the costing structure.
- B. Receive an overview of the available master data.
- C. Define global settings for currencies and units of measure.
- D. Manage calculation versions.
Answer: D
NEW QUESTION 26
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 27
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 28
Which of the following is a prerequisite to activating takeover values between depreciation areas?
- A. Takeover values are possible across all depreciation areas
- B. Depreciation areas must be assigned to the same accounting principles
- C. Only the depreciation area for book depreciation is assigned 00
- D. Only one depreciation area per chart of depreciation is assigned 00
Answer: A
NEW QUESTION 29
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 use accounts approach to parallel valuation.
- C. You must define valuation areas for foreign currency valuation.
- D. You must configure profit center and segment accounting.
- E. You cannot continue to use the consolidation staging ledger.
Answer: A,D,E
NEW QUESTION 30
After the migration to SAP S/4HANA 1809, 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?
- 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 31
In your SAP S/4HANA system, you use the accounts approach for parallel valuation and report financial values for three separates accounting principles. You post an acquisition for an asset that is capitalized in a single accounting principle. If you use the application for posting integrated asset acquisitions, how many documents will the system post? Please choose the correct answer.
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION 32
Which modules read and write line items of the universal journal (ACDOCA)? There are 3 correct answer to this question.
- A. Costing-based profitability analysis
- B. Cash management
- C. Account-based profitability analysis
- D. Material ledger with actual costing
- E. Public sector management
Answer: B,C,E
NEW QUESTION 33
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 area.
What is the effect in the system when you save this account? Please choose the correct answer.
- 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 cost element category is different in the two company codes
- D. The user is asked which category will be used in the future
Answer: B
NEW QUESTION 34
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 35
How can you set up multiple valuations for transfer pricing in your SAP S/4HANA system? There are 2 correct answer to this question.
- A. You can assign additional valuation to special led er(FI-SL).
- B. You can assign additional valuation to the extension ledger
- C. You can assign profit center, group and legal valuation to the same ledger
- D. You can assign each valuation to a separate ledger
Answer: C,D
NEW QUESTION 36
What can you do in the extension ledgers configuration? Please choose the correct answer.
- A. You can assign a freely defined currency to an extension ledger.
- B. You can create an extension ledger for which the underlying ledger is an extension ledger.
- C. You can link an accounting principle to a ledger group that contains an extension ledger.
- D. You can manually create a new ledger group that contains an extension ledger.
Answer: C
NEW QUESTION 37
Your customer uses the ledger approach to multiple valuation. During conversion to SAP S/4HANA, which configurations will be required? There are 2 correct answer to this question.
- A. Define the document type for the accounting-principle-specific-documents.
- B. Convert accounts of parallel valuations to asset reconciliation accounts.
- C. Assign accounting principles to all real and derived depreciation areas.
- D. Configure data depreciation areas to no longer post to the general ledger.
Answer: B,C
NEW QUESTION 38
Which technologies help you decrease data volume in the SAP HANA database? There are 2 correct answer to this question.
- A. Mirroring
- B. Indexing
- C. Aging
- D. Archiving
Answer: C,D
NEW QUESTION 39
What are the data sources for cash management in SAP S/4HANA? There are 3 correct answers to this question.
- A. Purchase order records
- B. Memo records
- C. Sales order records
- D. Consolidation records
- E. Price records
Answer: A,B,C
NEW QUESTION 40
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 41
With SAP S/4HANA simplified logistics, which of the following are relevant to the material ledger? Note:
There are 2 correct answers to this question.
- A. The material ledger uses the currencies defined in both the leading and non-leading ledgers.
- B. The migration of material ledger is NOT required if SAP S/4HANA Finance is already used in the legacy system.
- C. The migration of material ledger is required when SAP S/4HANA Finance is already used in the legacy system.
- D. The material ledger with actual costing requires a periodic costing run to update inventory values.
Answer: C,D
NEW QUESTION 42
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