P_S4FIN_2020 SAP Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts
The ‘P_S4FIN_2020 SAP Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts‘ certification exam a candidate’s capability to individually prepare, set up, and drive an implementation project of Financials in SAP S/4HANA. The applicant should have participated in implementing Financial Accounting and Management Accounting for at least 5 years. In interest, the candidate should know the differences and variations in configuration, architecture, and business process performance with SAP S/4HANA.
Learning Path
SAP offers three different certification types –
- Associate Certification
- Specialist Certification
- Professional Certification
The P_S4FIN_2020 SAP Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts is a professional-level certification.
SAP P_S4FIN_2020 Exam Format
The P_S4FIN_2020 SAP Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts exam is a professional-level certification. Further, the exam consists of 80 questions which are in the form of multiple-choice questions. The candidate needs to score 60% marks in order to clear the SAP P_S4FIN_2020 exam. Also, the candidate will be given 180 minutes to complete the exam and the exam is available in the English, Spanish, and German languages.
How to register for the SAP exam?
To register for the exam, follow the below-mentioned steps:
- Go to Registers or log in.
- Select the certification you want to buy and add that to the basket.
- Purchase the exam by making payment and then you will also get access to the learning hub.
- When you go to the learning hub, it will show a dashboard with your purchased exam and status. You can schedule your exam here.
Exam Policies
The candidate should visit the official page of SAP terms and conditions, privacy policies, etc. The Terms and conditions for SAP include the SAP Education, Definitions and Interpretations, Basis of Orders, Registration and Dates, download and access to online training, Price and payment, prerequisites, etc.
SAP P_S4FIN_2020 FAQ
Reschedule Policy
SAP has an exam reschedule policy in which candidates can reschedule an exam in Certification Hub by using the calendar icon in the “Exam Appointments/Upcoming Appointments” section. However, they must cancel or reschedule the exam at least 24 hours before the scheduled appointment date and time.
Retake Policy
Candidates can take the exam up to three times. For those candidates who do not pass an exam after three attempts, then they will need to re-register for the next release of the exam. And, if you do not pass the next release after three attempts then, you will not be able to retake the exam until the next edition is released, which is within 1 year.
Course Structure
SAP Education has designed the P_S4FIN_2020 SAP Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts exam domains. The following are major topic areas that are covered in the SAP P_S4FIN_202 exam:
System Preparation and Configuration for Conversion of Financials in SAP S/4HANA
- 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
- Prepare views and master data for conversion and the conversion of transactions, the conversion of balances, and the post-conversion activities.
Architecture Overview of Financials in SAP S/4HANA
- 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.
Financial Accounting Configuration in SAP S/4HANA
- 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.
Management Accounting Configuration in SAP S/4HANA
- Perform customizing for Management Accounting integration, configure and use the Material Ledger, explain the 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.
Asset Accounting Configuration in SAP S/4HANA
- 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.
Basics of SAP HANA, SAP S/4HANA and SAP Fiori
- Explain the SAP HANA Architecture, the SAP S/4HANA solution and deployment, and SAP Fiori and the SAP UI strategy.
SAP P_S4FIN_2020 Preparatory Guide
We all have confusion while preparing for the exam. It is therefore very necessary to have excellent resources for the right set of preparation. The study guide gives you a step-by-step learning path to prepare for the exam and validate your skills for better opportunities. Without making you wait any further let’s dive into the learning resources.
SAP Official Website
Touring the SAP official website is an important step while preparing for the exam like P_S4FIN_2020 SAP Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts. Also, the official website provides a lot of essential information and sources which is very helpful in preparing for the exam. Further, resources such as study guides, courses, sample papers, training programs, whitepapers, documentation, faqs, etc. The candidate can find all such important things on the official page.
SAP E-academy
If virtual classroom training doesn’t work for you, you may go E-learning. Interactive e-learning courses are also important because they complement classroom training. To begin with this, you can join the SAP E-academy. Here you can scroll through so much training about specific solution areas. Further, this will aid you and prepare for the SAP certification examination. Easily accessible, you can get between 1 and 5 months of access to the self-paced courses.
SAP Instructor-led Training Courses
The candidate can also opt for the SAP training programs. The SAP offers training programs on every exam. The Instructor-led training programs for a particular exam contain all information on the exam such as description, intended audience, delivery method, duration, etc. The candidate should join a training program to gain knowledge and skills for P_S4FIN_2020 SAP Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts. With the training courses with SAP, the candidate will receive in-person instruction from SAP experts in one of their state-of-the-art training facilities. This is a fully hands-on learning experience with a subject matter expert to guide the candidates through each exercise and answer all their questions. You can opt for the following training programs:
Self-paced Training
SAP provides self-paced training that offers candidates a wide range of learning styles and subject-matter requirements. This training helps project team members, support professionals, end-users, and power users to meet their needs that are accessible from anywhere.
SAP Learning Hub
SAP gives candidates access to learning hubs to help them in building and maintaining their skills with self-paced digital learning content that includes e-books, expert-led social learning forums, access to preconfigured training systems for real-world practice.
Join a Study Group
Joining a group study or an online community will also be useful for the candidate. It will help them to do more hard work. Also, studying in the group will help them to stay connected with the other people who are on the same pathway as them. Also, the discussion of such study groups will benefit the students in their exams.
Evaluate with Free Practice Test
Practice tests are the one which ensures the candidate about their preparation. The practice test will help the candidates to acknowledge their weak areas so that they can work on them. There are many practice tests available on the internet nowadays, so the candidate can choose which they want. Also, SAP offers its own practice test. The candidate can start Preparing for P_S4FIN_2020 SAP Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts Now!
