SAP P_S4FIN_2021 Certification Guide: Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021)
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In this SAP P_S4FIN_2021 certification guide, we'll provide you with an overview of the exam structure, content, and preparation strategies. We'll also offer tips for exam day success and explain the benefits and opportunities that come with obtaining SAP certification.
Why you should choose Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021) P_S4FIN_2021 Certification
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. This certification exam is relevant for SAP S/4HANA Cloud, private edition and SAP S/4HANA on-premise. The certificate issued for passing this exam will be valid for 5 years.
P_S4FIN_2021 Exam Structure and Content
- 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
- Conversion and Post-conversion Activities for Financials in SAP S/4HANA, (> 12%) => 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, (> 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.
- 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.
- 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.
- 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.
- Basics of SAP HANA, SAP S/4HANA and SAP Fiori, ( 8%) => Explain the SAP HANA Architecture, the SAP S/4HANA solution and deployment, and SAP Fiori and the SAP UI strategy.
Number of questions and other details
The exam contains 80 questions multiple-choice questions. The duration of the exam is 180 mins minutes. You need to score 55 percentage to clear your exam. The code for the exam is P_S4FIN_2021.
P_S4FIN_2021 Exam Preparation Strategies
If you are preparing for the SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021) (P_S4FIN_2021) exam, you'll need study materials that cover the exam content in detail. Here are some recommended study materials to help you prepare for the exam:
SAP Learning Hub P_S4FIN_2021 Books
The SAP Learning Hub is a great resource for SAP training and certification. It provides access to a range of SAP training materials, including courses, e-books, and interactive simulations. You can find the P_S4FIN_2021 exam preparation material in the Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021) section.
SAP recommends the following books to study before appearing for P_S4FIN_2021 exam:
1. S4F03 => Conversion of Accounting to SAP S/4HANA – This book covers the following syllabus:
- Walkthrough of the journey towards SAP S/4HANA.
- Analysis of the conversion process per system starting point
- Subsequent implementation of document split or a further accounting principle
- Preparation and activities to be performed in a system prior to conversion
- Configuration of General Ledger Accounting for migration
- Configuration of Asset Accounting for migration
- Configuration of Management Accounting
- Performing a migration starting from Classic G/L
- Analysis of the results of migration
- Analysis of the near zero-downtime scenario
2. S4F01 => Financial Accounting in SAP S/4HANA for SAP ERP FI Professionals – This book covers the following syllabus:
- Introduction to SAP HANA and S4/HANA
- Overview of Financials for SAP S/4HANA
- Analysis of the new Architecture of Accounting
- Overview of SAP Fiori
- Short overview of the process of Financials Migration to SAP S/4HANA
- Configuration and use new functionalities in General Ledger Accounting
- Use new functionalities in Asset Accounting
- Analysis of the Reporting Options for SAP S/4HANA
- Define a Financial Statement Version using the Global Accounting Hierarchy
- Overview of the Basic Cash Management in SAP S/4HANA
3. S4F02 => Management Accounting in SAP S/4HANA for SAP ERP CO Professionals – This book covers the following syllabus:
- Introduction to SAP HANA and SAP S4/HANA
- Overview of SAP Fiori
- Overview of SAP S/4HANA Finance
- Analysis of the new Architecture of Accounting
- Overview of Reporting Options for SAP S/4HANA
- Understand changes of data model, custom fields, posting logic and master data in Management Accounting
- Learn how to use cost center budgeting
- Explain how to do product costing in SAP S/4HANA
- Understand new Hierarchies and Universal Allocation
- Understand changes of the Management Accounting aspects of integrated Business Processes:
- Purchase Process (purchase to pay)
- Production Process
- Sales Process (order to cash)
- Overview of parallel valuation and transfer pricing
- Overview of Planning with SAP Analytics Cloud
P_S4FIN_2021 Dumps or Practice questions
SAP Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021) dumps are an essential part of exam preparation, and they can significantly help you in clearing the exam.
Here are some reasons why practising these dumps is so important:
- Get familiar with the P_S4FIN_2021 exam format: Dumps questions help you get familiar with the exam format, including the types of questions, the time limit, and the structure of the exam. This familiarity can help you feel more comfortable and confident on the day of the exam.
- Identify knowledge gaps: By practising Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021) questions, you can identify areas where you need to focus more. If you consistently get certain types of questions wrong, you can focus your study efforts on those topics and improve your understanding.
- Time management: Practicing P_S4FIN_2021 dumps can help you develop better time management skills. By practising questions, you'll get a sense of how long it takes you to answer each type of question. This can help you manage your time more effectively during the exam and ensure that you have enough time to answer all the questions.
You should enroll in P_S4FIN_2021 premium questions to clear your exam on the first try. You can go through the P_S4FIN_2021 sample questions as well and try by yourself before enrolling. It will give you confidence for the exam.
Tips for Exam P_S4FIN_2021 Day Success
Taking Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021) exam can be a stressful experience, but with the right preparation and mindset, you can increase your chances of success. Here are some tips to help you succeed on exam day:
- Get a good night's sleep: A good night's sleep is crucial to helping you stay focused and alert during the exam. Make sure you get enough sleep the night before the exam, and try to avoid staying up late studying.
- Eat a healthy breakfast: Eating a healthy breakfast can help you maintain your energy levels and focus during the exam. Avoid sugary or heavy foods that can make you feel sluggish.
- Arrive early: Login to online meeting invite early to give yourself enough time to get settled and calm your nerves. Rushing to the meeting can increase your anxiety and negatively impact your performance.
- Bring necessary items: Make sure you have all the necessary items, such as personal identification like passport. Check the P_S4FIN_2021 exam requirements beforehand to ensure you have everything you need.
- Read the instructions carefully: Read the instructions carefully before beginning the P_S4FIN_2021 exam. Make sure you understand the exam format, time limit, and any other instructions or rules.
- Manage your time: Use your time wisely during the exam. Don't spend too much time on difficult questions, and make sure you answer all the questions before time runs out.
- Stay calm and focused: Stay calm and focused during the exam. Take deep breaths if you feel anxious, and remind yourself that you have prepared well for the Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021) exam.
- Review your answers: If you have time at the end of the exam, review your answers carefully. Check for any errors or omissions, and make any necessary changes.
- Don't panic: If you get stuck on a question, don't panic. Move on to the next question and come back to it later. Panicking can increase your anxiety and negatively impact your performance.
- Stay until the end: Stay until the end of the exam, even if you finish early. Use the remaining time to review your answers or check for any errors.
In conclusion, obtaining the SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021) (P_S4FIN_2021) certification is a great way to showcase your knowledge and expertise in the SAP field and stay ahead of your competition and other consultants. In this guide, we have provided an overview of the SAP P_S4FIN_2021 exam structure, content, and preparation strategies, including recommended study materials, dumps, sample questions, and tips for exam day success. By following these strategies and tips, you can increase your chances of passing the P_S4FIN_2021 exam and contributing to the success of the planning and implementation phases in a mentored role. Don't forget to practise with the P_S4FIN_2021 dumps and premium questions to test your knowledge and confidence before taking the exam. Good luck!