P_S4FIN_2020 - Study Material - SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts

The SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts (P_S4FIN_2020) is an exam designed to assess a candidate's knowledge and skills in setting up and configuring financials in SAP S/4HANA. It covers topics such as financials in SAP S/4HANA, asset accounting, bank accounting, and financial closing in SAP S/4HANA.

The duration of the SAP P_S4FIN_2020 exam is 180 minutes.

The number of questions in the SAP P_S4FIN_2020 exam is 80.

The passing score required for the SAP P_S4FIN_2020 exam is 68%.

The Competency Level required for the SAP P_S4FIN_2020 exam is Professional.

The SAP P_S4FIN_2020 exam is a multiple-choice exam. The questions are divided into four different formats: multiple-choice single answer, multiple-choice multiple answer, drag and drop, and fill in the blank.

The SAP P_S4FIN_2020 exam can be taken either online or in a testing center. To take the exam online, you must first register for the exam through the SAP website. Once you have registered, you will be able to access the exam from your computer. To take the exam in a testing center, you must first locate a testing center that offers the exam. Once you have located a testing center, you must register for the exam and then attend the testing session.

The SAP P_S4FIN_2020 exam is offered in English.

The cost of the SAP P_S4FIN_2020 exam is $500 USD.

The target audience of the SAP P_S4FIN_2020 exam is professionals who want to demonstrate their knowledge and skills in Financial Accounting in SAP S/4HANA. This includes individuals who are responsible for the configuration, implementation, and maintenance of financial accounting processes in SAP S/4HANA.

The average salary for a professional with a SAP P_S4FIN_2020 certification is around $90,000 per year.

SAP provides the official testing for the SAP P_S4FIN_2020 exam. The exam can be taken online or at a testing center. The exam is administered by Pearson VUE.

The recommended experience for the SAP P_S4FIN_2020 exam is at least one year of hands-on experience in the SAP S/4HANA Finance solution, including the configuration and implementation of the Financial Accounting (FI) and Management Accounting (CO) components. Additionally, the candidate should have a good understanding of the integration between S/4HANA Finance and other SAP solutions.

The prerequisites for the SAP P_S4FIN_2020 exam are: • At least 5 years of experience in finance, accounting, or financial reporting • A strong understanding of the SAP S/4HANA Finance solution • Knowledge of the SAP S/4HANA Finance architecture • Familiarity with the SAP Fiori user experience • The ability to configure the SAP S/4HANA Finance solution • Understanding of the integration points between SAP S/4HANA Finance and other SAP solutions.

The official website of SAP for checking the expected retirement date of P_S4FIN_2020 exam is https://training.sap.com/certification/p_s4fin_2020-sap-certified-application-professional-financials-in-sap-s-4hana-2020-g/exam-information-and-retirement-dates-9065.

The certification roadmap for the SAP P_S4FIN_2020 exam is as follows: 1. Complete the SAP S/4HANA Finance 2020 course. 2. Pass the SAP S/4HANA Finance 2020 exam (P_S4FIN_2020). 3. Complete the SAP S/4HANA Finance 2020 certification project. 4. Pass the SAP S/4HANA Finance 2020 certification exam (C_S4FIN_2020). 5. Apply for the SAP S/4HANA Finance 2020 certification. 6. Receive the SAP S/4HANA Finance 2020 certification.

1. Asset Accounting: This topic covers the concepts and processes of Asset Accounting in SAP ERP, including asset master data, asset acquisition, asset retirement, and asset depreciation. 2. Financial Closing: This topic covers the processes of Financial Closing in SAP ERP, including closing operations, closing processes, and financial statement preparation. 3. Financial Reporting: This topic covers the concepts and processes of Financial Reporting in SAP ERP, including financial statement analysis, financial report design, and financial report presentation. 4. Financial Accounting: This topic covers the concepts and processes of Financial Accounting in SAP ERP, including general ledger, accounts receivable, accounts payable, and fixed asset accounting. 5. Treasury Management: This topic covers the concepts and processes of Treasury Management in SAP ERP, including cash management, foreign exchange, and interest rate management.

1. What is the purpose of the New Asset Accounting (FI-AA) component in SAP S/4HANA? 2. How does the Financial Supply Chain Management (FSCM) module interact with Financial Accounting (FI)? 3. What is the purpose of the Document Splitting function in SAP S/4HANA? 4. Describe the differences between the Classic and Universal Journal Entries in SAP S/4HANA? 5. How does the Cash Management (CM) module interact with the Bank Accounting (FI-BL) module? 6. What is the purpose of the New General Ledger (FI-GL) component in SAP S/4HANA? 7. What are the key features of the Cash and Liquidity Management (CLM) module in SAP S/4HANA? 8. How does the Accounts Payable (FI-AP) module interact with the Accounts Receivable (FI-AR) module

The difficulty level of the SAP P_S4FIN_2020 exam is medium.