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

The P_S4FIN_2021 certification validates your expertise in implementing and managing the financial aspects of SAP S/4HANA for organizations already using SAP ERP Finance. Earning this certification demonstrates your ability to lead and supervise SAP S/4HANA Finance implementation projects, ensuring a smooth transition and maximizing the value of SAP's next-generation ERP system for financial processes.

Who Should Take This Exam?

This exam is ideal for experienced SAP ERP Finance professionals who want to:

• Lead SAP S/4HANA Finance Implementations: Take on leadership roles in planning, executing, and managing SAP S/4HANA Finance deployments.
• Specialize in S/4HANA Finance: Expand their knowledge and skills beyond SAP ERP Finance to encompass the latest functionalities and architecture of SAP S/4HANA for finance.
• Demonstrate Expertise to Employers: Validate their proficiency in SAP S/4HANA Finance, showcasing their ability to guide organizations through successful S/4HANA Finance transitions.

Prerequisites

While there are no formal prerequisites, SAP strongly recommends:

• Experience in SAP ERP Finance (at least 5 years): A solid understanding of financial processes and functionalities within SAP ERP Finance is essential.
• Familiarity with S/4HANA Differences: Knowledge of the architectural and conceptual differences between SAP ERP and SAP S/4HANA, particularly in the finance domain.

Roles and Responsibilities

• Earning the P_S4FIN_2021 certification can position you for various leadership roles related to SAP S/4HANA Finance implementations, including:
• SAP S/4HANA Finance Project Lead: Overseeing and managing all aspects of SAP S/4HANA Finance implementation projects.
• SAP S/4HANA Finance Consultant: Providing technical expertise and guidance on configuring and customizing S/4HANA Finance functionalities.
• SAP Finance Team Lead (S/4HANA Focus): Leading and supervising SAP Finance teams during the transition to SAP S/4HANA.

Course Outline

The P_S4FIN_1909 - SAP Certified Application Professional covers the following topics - 

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

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

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

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

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

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

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

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

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

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

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

• Understand the features of the new Asset Accounting
• Learn to compare the types of Asset Accounting
• Learn and configure new Asset Accounting
• Explain the new Asset Accounting posting logic
• Learn to perform day to day activities in new Asset Accounting 

Module 7 - Understand the basics of SAP HANA, SAP S/4HANA and SAP Fiori (< 8%)

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