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P_S4FIN_2020 SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts Questions and Answers

Questions 4

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

Options:

A.

Set the G/L account type to Non-operating Expenses or income

B.

Enter value 90in the cost element category field

C.

Define the G/L account as an asset reconciliation account

D.

Select the Record Account Assignment indicator

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Questions 5

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

Options:

A.

It will generate additional line items in ACDOCA for non-ledger-specific postings

B.

It is always active on the system level for all company codes

C.

It must be assigned to underlying ledger

D.

If asset accounting is used depreciation area must be assigned

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Questions 6

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

Options:

A.

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

B.

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

C.

Automatically calculate accruals for asset acquisitions with purchase orders

D.

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

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Questions 7

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

Options:

A.

Simplified data structure with new table structure

B.

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

C.

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

D.

Reduced number of steps in the calculation cockpit

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Questions 8

A document can have up to 999999 line items in the universal journal (reposing or G/L view). How does this affect the entry view (table BSEG)?

Options:

A.

The system splits the single entry into multiple documents as required

B.

It is extended to 999999 line items

C.

The entry view is also based on the universal journal

D.

It is limited to 999 items

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Questions 9

On which levels can you assign semantic tags to a financial statement version in SAP Fiori?

There are 3 correct answer to this question.

Options:

A.

Financial statement item

B.

Segment

C.

G/L account

D.

Functional area

E.

Business area

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Questions 10

In which cases can you use a transfer price for goods movement in parallel valuation? There are 2 correct answers to this question.

Options:

A.

Between two profit centres

B.

Between two accounting principles

C.

Between two plants

D.

Between two company codes

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Questions 11

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?

Options:

A.

Only interval 3

B.

Only interval 2

C.

Intervals 1 and 3

D.

Intervals 1 and 2

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Questions 12

Which processes create an artificial controlling document? 2 correct answers

Options:

A.

FI posting of primary costs to production order

B.

Stock material consumption on project

C.

Internal activity allocation to sales order

D.

Assessment from cost center to account based profitability analysis

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Exam Code: P_S4FIN_2020
Exam Name: SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts
Last Update: Feb 21, 2024
Questions: 80
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