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SAP PS4FIN2021 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 PS4FIN2021 Certification Exam Topics:

Topic Areas Topic Details, Courses, Books
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

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.

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.

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.

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.


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PS4FIN2021 Exam Certification Details:

Duration: 180 mins
Exam: 80 questions
Cut Score: 55%
Languages: German, English
Sample Questions: SAP PS4FIN2021 Exam Sample Question

SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts Sample Questions (Q10-Q15):

NEW QUESTION # 10
A customer wants to store alternative values of a foreign currency valuation in an extension ledger. What extension ledger type is needed for this purpose? Please choose the correct answer.

  • A. Valuation
  • B. Simulation
  • C. Extension
  • D. Prediction and commitments

Answer: B
NEW QUESTION # 11
Which values are stored in the universal journal (ACDOCA)? There are 2 correct answer to this question.

  • A. Transfer Prices
  • B. Actual costing results
  • C. Plan data
  • D. Parallel currencies

Answer: A,D
NEW QUESTION # 12
In which of the possible scenarios can you indicate that an account is also a statistical cost element?Note: There are 2 correct answers to this question.

  • A. It is used as balance sheet account for APC costsin fixed asset accounting.
  • B. It is used as inventory account (BSX) in the material account assignment.
  • C. It is used as special reserve balance account in fixed asset accounting.
  • D. It is used as WIP account from price differences in the material account assignment

Answer: A,D
NEW QUESTION # 13
What credit management organizational element is required for calculating the credit limit, and enables you to carry out detailed checks at business.

  • A. Credit segment
  • B. Sales area
  • C. Credit control area
  • D. Company code

Answer: C
NEW QUESTION # 14
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. Valuation using material cost estimate in account-based CO-PA
  • B. Valuation using material cost estimate in costing-based CO-PA and account-based-COPA
  • C. The new refinement for cost of goods sold postings in account-based CO-PA
  • D. Valuation using material cost estimate in costing-based CO-PA

Answer: C
NEW QUESTION # 15
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