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P_S4FIN_2021 - SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021) Practice Exam

P_S4FIN_2021 - SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021) Practice Exam


About P_S4FIN_2021 - SAP Certified Application Professional Exam

The P_S4FIN_2021 SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021)' exam has been developed to validate the skills and knowledge of the candidate to prepare, setup and lead an implementation project for Financials in SAP S/4HANA. The SAP P_S4FIN_2021 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. 


Who should take the exam?

The P_S4FIN_2021 - SAP Certified Application Professional exam is suitable for candidates having experience in implementing Financial Accounting and Management Accounting for at least 5 years. Also, the candidate must have all required capabilities to act as an application consultant and team member.


Skills Required

  • Candidates should understand the differences and innovations in architecture, configuration, and business process execution with SAP S/4HANA.
  • Candidates should be able to perform all the preparation and execution steps of a project to convert an SAP ERP system to SAP S/4HANA.


Exam Details

  • Total Questions: 80 Questions
  • Exam Duration: 180 mins
  • Exam Language: English
  • Passing score: 55% and above
  • Validity:  The certificate issued for passing this exam will be valid for 5 years.


Course Outline

The P_S4FIN_2021 - Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021) Exam covers the following topics - 

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

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


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

  • Learn to prepare views and master data for conversion and the conversion of transactions, the conversion of balances, and the post-conversion activities.


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

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


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

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


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

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


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

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


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

  • Learn the SAP HANA Architecture
  • Learn the SAP S/4HANA solution and deployment
  • Learn about SAP Fiori and the SAP UI strategy. 


What do we offer?

  • Full-Length Mock Test with unique questions in each test set
  • Practice objective questions with section-wise scores
  • In-depth and exhaustive explanation for every question
  • Reliable exam reports evaluating strengths and weaknesses
  • Latest Questions with an updated version
  • Tips & Tricks to crack the test
  • Unlimited access

What are our Practice Exams?

  • Practice exams have been designed by professionals and domain experts that simulate real-time exam scenario.
  • Practice exam dumps have been created on the basis of content outlined in the official documentation.
  • Each set in the practice exam contains unique questions built with the intent to provide real-time experience to the candidates as well as gain more confidence during exam preparation.
  • Practice exams help to self-evaluate against the exam content and work towards building strength to clear the exam.
  • You can also create your own practice exam based on your choice and preference 

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