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The 'SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021)' certification exam validates a candidate's ability to independently prepare, setup and lead an implementation project of Financials in SAP S/4HANA. The candidate should have experience in implementing Financial Accounting and Management Accounting of at least 5 years. In addition, the candidate should understand the differences and innovations in architecture, configuration, and business process execution with SAP S/4HANA. Finally, the candidate will be able to perform all the preparation and execution steps of a project to convert an SAP ERP system to SAP S/4HANA.

Exam Code: P_S4FIN_2021

Exam Name: SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021)

Exam: 80 questions

Cut Score: 55%

Duration: 180 mins

Languages: English

Domain 1 - Understand System Preparation and Configuration for Conversion of Financials in SAP S/4HANA (> 12%)

Domain 2 - Understand Conversion and Post-conversion Activities for Financials in SAP S/4HANA (> 12%)

Domain 3 - Understand Architecture Overview of Financials in SAP S/4HANA (> 12%)

Domain 4 - Understand Financial Accounting Configuration in SAP S/4HANA (> 12%)

Domain 5 - Understand Management Accounting Configuration in SAP S/4HANA (> 12%)

Domain 6 - Understand Asset Accounting Configuration in SAP S/4HANA (8% - 12%)

Domain 7 - Basics of SAP HANA, SAP S/4HANA and SAP Fiori (< 8%)

What do you manage within cash operations of SAP Cash Management? Note: There are 2 correct answers to this question.

A.Bank risk analysis and risk mitigation

B.Credit limits for customer accounts

C.Daily cash position, deficits, and surpluses

D.Hedging and hedging contracts

Answer : A, C

You need to transfer multiple standard cost prices to CO-PA in an SAP S/4HANA system. What do you need to set up?

A.The new refinement for cost of goods sold postings in account-based CO-PA

B.Valuation using material cost estimate in costing-based CO-PA

C.Valuation using material cost estimate in account-based CO-PA

D.Valuation using material cost estimate in costing-based CO-PA and account-based-COPA

Answer : A

How do you compensate for the technical clearing account NOT balancing in all accounting principles with the accounts approach for parallel valuation? Please choose the correct answer.

A.By running the periodic acquisition and production cost posting

B.By maintaining the offset account in the asset account determination

C.By running the monthly depreciation posting

D.By entering manual corrective clearing transfer postings

Answer : B

What happens during the migration activity Regenerate CDS Views and Field Mapping? Note: There are 2 correct answers to this question.

A.The customer-specific fields are included in the data migration procedure.

B.The redirection of SELECT statements is generated.

C.The OData services for SAP Fiori integration are activated.

D.The field mapping for the customer and vendor integration is created.

Answer : A, B

Which objects do you migrate from SAP ERP to SAP S/4HANA? Note: There are 3 correct answers to this question.

A.House banks for new Bank Account Management.

B.Accounting documents of financial accounting and controlling

C.Data of costing-based profitability analysis

D.Balances of accounts, customers, and vendors.

E.Master data such as assets and profit centers.

Answer : A, B, D

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 must define valuation areas for foreign currency valuation.

B.You must configure profit center and segment accounting.

C.You cannot configure and activate document splitting.

D.You cannot continue to use the consolidation staging ledger.

E.You must use accounts approach to parallel valuation.

Answer : B, C, D