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SAP P_S4FIN_2021 Dumps Questions Answers

Exam Code: P_S4FIN_2021
Exam Name: SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts
Last Update: Jun 25, 2024
80 Questions
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PDF + Testing Engine
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SAP P_S4FIN_2021 Last Week Results!

211

Candidates Passed
SAP P_S4FIN_2021

95%

Average Score In Real
Exam At Testing Centre

86%

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SAP P_S4FIN_2021 Exam Dumps FAQs

  • Financial Accounting Configuration in SAP S/4HANA: This domain focuses on configuring and utilizing financial accounting components in SAP S/4HANA. It covers general ledger accounting, accounts payable, accounts receivable, and asset accounting within the SAP Fiori user experience.
  • Management Accounting Configuration in SAP S/4HANA: This area assesses knowledge on setting up and managing controlling modules such as cost center accounting, profit center accounting, internal orders, and product costing. Understanding of integration points with financial accounting is also evaluated.
  • SAP S/4HANA Overview and Core Financials Configuration & Operations: Candidates are tested on their understanding of SAP S/4HANA functionalities including the universal journal, new asset accounting configurations, cash management capabilities, and an overview of the system landscape.
  • Financial Closing Operations: This domain covers tasks associated with period-end closing processes for both management and financial accounting. Topics include preparing and executing closing operations, intercompany reconciliation, and financial statement creation.
  • SAP Financials Reporting: Knowledge required includes creating standard reports for financial statements using account-based COPA reporting in SAP S/4HANA. Familiarity with multidimensional report views and real-time analytics using embedded analytics is assessed.
  • System Preparation & Configuration for Conversion of Financials in SAP S/4HANA: This includes understanding the prerequisites for migration from SAP ERP to SAP S/4HANA Finance including preparation activities, configuration needed before conversion, performing the actual conversion process, and post-conversion activities.
  • SAP S/4HANA Innovations in Financials & Business Processes Integration: Examines knowledge on innovations brought by SAP S/4HANA in finance functions such as integrated business planning for finance (IBPF), cash management improvements over traditional cash management functionalities, and how these innovations integrate with logistics functionalities.

Each domain represents a critical component of expertise for professionals aiming to prove their proficiency with Financials in SAP S/4HANA. Mastery over these areas indicates a comprehensive understanding of both theoretical concepts and practical applications within the platform's financial suite.

The ideal candidate for the SAP P_S4FIN_2021 exam is a professional with experience in financial management and accounting within the SAP ERP environment. These individuals typically possess a solid foundation in finance processes, SAP Financials functionality, and are seeking to validate their expertise or advance their careers in financial roles.

  • Existing Skills: Candidates should have hands-on experience with financial operations, reporting, and compliance within SAP S/4HANA. A deep understanding of general ledger accounting, accounts payable/receivable, asset management, and controlling is essential.
  • Experience Level: The exam is best suited for professionals with intermediate to advanced knowledge of SAP ERP Finance solutions, usually with several years of practical experience in an SAP environment.
  • Career Goals: This certification is ideal for those aiming to become or continue as SAP Finance Consultants, Financial Controllers, Accountants, or similar roles within organizations that utilize SAP S/4HANA for financial management.

The certification benefits individuals by validating their skills and knowledge in the latest SAP finance functionalities, thereby enhancing their credibility and competitiveness in the job market. It signals to employers a readiness to take on complex financial tasks and projects using SAP S/4HANA.

Relevant job roles include but are not limited to:

  • SAP Finance/Controlling Consultant
  • SAP Application Developer (with a focus on finance)
  • Financial Analyst or Manager utilizing SAP systems
These positions are prevalent across various industry segments that implement SAP S/4HANA solutions for their financial processes.

Achieving certification demonstrates comprehensive understanding and application capabilities of financial principles within the context of SAP S/4HANA, making it a valuable accreditation for professionals dedicated to excellence in the field of ERP-based financial management.

  • Exam Code: P_S4FIN_2021
  • Type of Questions: The exam consists primarily of multiple-choice questions, which may include single or multiple answers. Additionally, it can feature other types as well, depending on the specific exam edition.
  • Number of Questions: Approximately 80 questions are included in the exam.
  • Total Exam Duration: Candidates are allotted 180 minutes (3 hours) to complete the exam.
  • Passing Score: SAP does not always publicly disclose exact passing scores, as they can adjust the scale based on the exam version and difficulty. However, candidates should aim for a high level of competency across all topics.
  • SAP Education Requirement: Candidates must have undergone the official SAP Education training for the courses related to S/4HANA Financial Accounting and Management Accounting.
  • Prior Certification: It is highly recommended (though not mandatory) that candidates hold the SAP Certified Application Associate - Financial Accounting with SAP ERP 6.0 EhP7 certification or any other comparable predecessor certification.
  • Practical Experience: Applicants should possess practical experience in Financial Accounting and Management Accounting within SAP ERP, ensuring they have a solid foundation of knowledge to build upon for S/4HANA financials.
  • Understanding of S/4HANA Innovations: A thorough understanding of the innovations brought by S/4HANA in terms of financials is crucial. This includes familiarity with new functionalities and best practices.

If you do not pass the SAP P_S4FIN_2021 exam on your first try, you can retake it following specific guidelines. Here's a breakdown of the retake policy:

  • First Retake: You must wait at least 14 days before taking the exam a second time. This waiting period starts from the day after your initial attempt.
  • Subsequent Retakes: If further attempts are needed, a waiting period of 14 days also applies between each retake.
  • Attempt Limit: There is no specified maximum number of attempts. However, each retake requires payment of the exam fee again.
  • Associated Costs: For every retake, you will need to pay the full exam fee. The cost may vary by region and should be checked with SAP or an authorized testing center.

Note that these policies are subject to change, so always verify with the official SAP certification guidelines or contact SAP directly for the most current information.

The P_S4FIN_2021 SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts certification is valid for a lifetime. Once you have successfully completed the exam, your certification does not require any renewal or maintenance to stay valid. This means that:

  • There is no need to retake the exam periodically to maintain the validity of your certification.
  • No additional steps or processes are required post-certification to keep it active.

This lifelong validity ensures that your achievement remains recognized and relevant without the need for further administrative actions on your part.

Best P_S4FIN_2021 Study Materials on Examstrck.com

For those preparing for the SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts exam, Examstrck.com offers invaluable resources to ensure success. Here’s what you can find:

  • PDF Study Guides: Comprehensive guides that cover all the necessary topics for the P_S4FIN_2021 exam. These PDFs are designed to give you a solid understanding of the syllabus, making complex concepts easier to grasp.
  • Testing Engine: An innovative tool that simulates the actual exam environment. This allows candidates to practice under real exam conditions, helping to alleviate anxiety and improve time management skills during the test.
  • P_S4FIN_2021 Practice Question Banks: A vast collection of questions and answers that mirror those found in the actual exam. Practicing with these question banks significantly increases your chances of passing by familiarizing you with the format and types of questions you'll encounter.

All these resources from Examstrck.com are curated by experts, ensuring they are up-to-date and comprehensive. By utilizing these study materials, candidates can gain a deeper understanding of the subject matter and boost their confidence before taking the P_S4FIN_2021 exam.

The optimal study time for the P_S4FIN_2021 SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts exam significantly depends on your existing knowledge of SAP S/4HANA, your learning speed, and how thoroughly you wish to grasp the material. Generally, if you have a solid background in SAP ERP Finance, you might require less preparation time compared to someone with minimal exposure.

  • Beginner: For those new to the subject, dedicating around 150-200 hours of study is advisable.
  • Intermediate: With a moderate level of prior knowledge, aiming for 100-150 hours could be sufficient.
  • Expert: If you're already well-versed in the topics covered by the exam, 50-100 hours might be enough to fine-tune your understanding and address any weak spots.

It's crucial to personalize your study schedule according to your individual needs and pace of learning. Some may find shorter, more frequent study sessions effective, while others may benefit from longer but less frequent sessions. Assessing your own comfort level and adjusting your preparation accordingly can help ensure you are well-prepared by exam day.

Using ExamTrack for the P_S4FIN_2021 SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts exam offers several specific benefits:

  • Structured Learning Material: The exams material is organized with clear learning objectives, ensuring candidates understand what is expected of them and can focus on relevant study areas.
  • Organized Multiple Choice Questions: With structured multiple-choice questions and answers, candidates can practice efficiently, helping to improve their accuracy and speed for the actual exam.
  • Efficient Time Management: The well-organized content allows candidates to plan their study time more effectively, ensuring they cover all necessary topics without feeling overwhelmed.
  • Free Demos: Offering free demos for the SAP P_S4FIN_2021 tests enables candidates to gauge the quality of the material and its relevance to the actual exam before committing.
  • Promised Success: With a focus on success, ExamTrack's commitment to providing quality material increases a candidate's chances of passing the certification exams on their first attempt.

This comprehensive approach not only prepares candidates for the P_S4FIN_2021 exam but also equips them with a deeper understanding of Financials in SAP S/4HANA, enhancing their professional skills in real-world scenarios.

Enroll in SAP P_S4FIN_2021 Course

Steps to Enroll in SAP P_S4FIN_2021 Exam Course:

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  2. Search for the "SAP P_S4FIN_2021 SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts" exam course.
  3. Once you find the course, review the available materials such as Dumps Questions Answers, PDF, and Testing Engine.
  4. Select your desired package by clicking on "Add to cart" for either Testing Engine (only), PDF (only), or PDF + Testing Engine.
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P_S4FIN_2021 Ratings & Reviews

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P_S4FIN_2021 Overview

Aspect Description
Exam Name SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts
Exam Code P_S4FIN_2021
Target Audience Professionals with experience in SAP ERP Financials seeking to implement financial processes in SAP S/4HANA
Prerequisites * At least 5 years of experience in implementing Financial Accounting and Management Accounting with SAP ERP
* Understanding of the differences between SAP S/4HANA architecture and SAP ERP
Content Areas * Likely covers topics related to:
  • Financial Accounting configuration in SAP S/4HANA
  • Management Accounting configuration in SAP S/4HANA
  • Integration between Financial and Management Accounting
  • Closing financial periods in SAP S/4HANA
  • Financial reporting with SAP S/4HANA
Exam Format Multiple Choice Questions
Number of Questions Information not publicly available (varies by exam)
Pass Score Not publicly disclosed, but typically around 60%
Exam Duration Information not publicly available (typical SAP certification exams last around 1-2 hours)

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