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

The P_S4FIN_2020 SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts certification is designed for professionals who possess extensive knowledge and experience in financial management and SAP S/4HANA. The SAP certification validates your skills to implement and manage financial processes using SAP S/4HANA. The certification includes financial accounting, management accounting, financial closing, and reporting, for optimizing financial operations within organizations.
Why is P_S4FIN_2020 SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts important?

• Validates expertise in managing financial processes in SAP S/4HANA.
• Enhances career opportunities in finance and SAP-related roles.
• Confirms the ability to implement and optimize financial accounting and reporting.
• Facilitates understanding of the integration between financial and operational processes.
• Supports organizations in achieving better financial governance and compliance.
• Demonstrates commitment to continuous professional development in financial management.

Who should take the P_S4FIN_2020 SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts Exam?

• SAP Financial Consultant
• Finance Manager
• SAP S/4HANA Financials Expert
• Financial Controller
• SAP Finance Implementation Consultant
• Senior Financial Analyst
• Chief Financial Officer (CFO)
• Accounting Manager
• Business Process Owner (Finance)
• Financial Systems Analyst

Skills Evaluated

Candidates taking the certification exam on the P_S4FIN_2020 SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts is evaluated for the following skills:

• Proficiency in SAP S/4HANA Financials functionalities.
• Understanding of financial accounting and reporting processes.
• Skills in management accounting and cost management.
• Knowledge of financial closing procedures and compliance requirements.
• Ability to integrate financial processes with operational workflows.
• Familiarity with financial analysis and planning tools in SAP S/4HANA.
• Competence in using SAP Fiori apps for financial operations.
• Skills in configuring financial settings within SAP S/4HANA.
• Understanding of real-time financial reporting and analytics.
• Ability to troubleshoot financial processes and optimize workflows.

P_S4FIN_2020 SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts Certification Course Outline
The P_S4FIN_2020 SAP Certified Application Professional. Financials in SAP S/4HANA for SAP ERP Finance Experts Certification covers the following topics -

Section 1. 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

Section 2. 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.

Section 3. Architecture Overview of Financials in SAP S/4HANA> 12%

• Describe the technical components and architecture of financials in SAP S/4HANA, the Universal Journal Architecture, and analyse the Universal Journal Entry; outline the Simple Finance Solution.

Section 4. 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.

Section 5. 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.

Section 6. Asset Accounting Configuration in SAP S/4HANA8% - 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.

Section 7. 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.