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SAP P-S4FIN-2021 Exam Description:

PLEASE NOTE: This certification has been published for early adopters. Some recommended ‘ways to attain’ are not yet available.   - - - - - - - - - - - - - - - - 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. The core of the knowledge required for successfully passing the certification exam is in the SAP Education curriculum (course, course book including the notes), however the exam scope extends beyond what is explicitly within the content of the materials. In addition, the materials themselves assume an advanced level of familiarity with the implementation, configuration, and execution of SAP Finance business processes with the SAP ERP application. This certificate proves that the candidate has the overall understanding and skills required to be a qualified supervisor of the team performing the implementation of Financials in SAP S/4HANA. The candidate also has all required capabilities to act as an application consultant and team member himself/herself. The certificate issued for passing this exam will be valid for 5 years.

SAP P-S4FIN-2021 Certification Exam Topics:

Topic AreasTopic Details, Courses, Books
Management Accounting Configuration in SAP S/4HANA > 12%

Perform customizing for Management Accounting integration, configure and use the Material Ledger, explain integration of CO with materials management and integration of CO with sales and distribution, configure and use Profitability Analysis, and perform planning and budgeting for Management Accounting and period-end closing for Management Accounting.

System Preparation and Configuration for Conversion of Financials in SAP S/4HANA > 12%

Run pre-conversion tests, perform customer-vendor integration, customize FI (including asset accounting) and CO for conversion

Conversion and Post-conversion Activities for Financials in SAP S/4HANA > 12%

Prepare views and master data for conversion and the conversion of transactions, the conversion of balances, and the post-conversion activities.

Asset Accounting Configuration in SAP S/4HANA 8% - 12%

Outline the features of new Asset Accounting, compare the types of Asset Accounting (new, classic), configure new Asset Accounting, explain the new Asset Accounting posting logic, and perform day to day activities in new Asset Accounting and period end closing in new Asset Accounting.

  • S4F01 (SAP S/4HANA 2021)
Financial Accounting Configuration in SAP S/4HANA > 12%

Describe the new master data maintenance model and explain the changes to authorizations. Describe the enhancement to Ledgers with the Universal Journal; customize and use the Extension Ledger functionality; configure and Use Document Splitting; post documents to Financial Accounting; perform closing operations, and explain Financial Accounting integration.

  • S4F01 (SAP S/4HANA 2021)
Basics of SAP HANA, SAP S/4HANA and SAP Fiori < 8%

Explain the SAP HANA Architecture, the SAP S/4HANA solution and deployment, and SAP Fiori and the SAP UI strategy.

  • S4F01 (SAP S/4HANA 2021)

>> P-S4FIN-2021 Exam Questions <<

Pass Guaranteed Quiz SAP - P-S4FIN-2021 –The Best Exam Questions

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SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts Sample Questions (Q15-Q20):


Which information will be migrated automatically during an SAP S/4HANA finance migration? There are 3 correct answers to this question.

  • A. Account balances
  • B. Authorizations
  • C. Material ledger customizing
  • D. General ledger customizing
  • E. Business partners customizing

Answer: A,B,C


Your customer is implementing a new installation of SAP S/4HANA.

Which of the following technical components must be installed?

  • A. SAP NetWeaver Application Server
  • B. SAP S/4HANA, embedded Business Warehouse
  • C. SAP Business Planning and Consolidation for SAP S/4HANA
  • D. SAP Fiori for SAP S/4HANA

Answer: A


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 convened system? There are 2 correct answers to this question

  • A. Implementation of additional document splitting
  • B. Implementation of additional currency type
  • C. Implementation of additional ledgers for parallel accounting
  • D. Implementation of chart of account conversion

Answer: A,B


Which processes create an artificial controlling document? 2 correct answers

  • A. Internal activity allocation to sales order
  • B. Stock material consumption on project
  • C. FI posting of primary costs to production order
  • D. Assessment from cost center to account based profitability analysis

Answer: C,D


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



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