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Exam Code: P_S4FIN_2021
Exam Name: SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021)
Certification Provider: SAP
Certification Exam Name: SAP Certifications
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Key Topics Covered in the SAP P_S4FIN_2021 Exam
1. Financial Accounting Basics
Understanding the core concepts of financial accounting is fundamental for passing the SAP P_S4FIN_2021 exam. This includes:
- Organizational Structure: Knowledge of how financial accounting is structured in SAP S/4HANA, including company codes, business areas, and segments.
- Master Data: Comprehensive understanding of master data elements such as general ledger accounts, customer accounts, and vendor accounts.
- Document Principles: Familiarity with the document principles, posting keys, and the overall process of document creation and management in SAP.
2. General Ledger Accounting
General Ledger (G/L) Accounting is a crucial component of the SAP S/4HANA Financial Accounting module. Key topics include:
- Chart of Accounts: Understanding the different types of charts of accounts and their role in financial reporting.
- Ledger Concept: Knowledge of the leading ledger and non-leading ledgers and their applications.
- Posting Transactions: Proficiency in posting and managing various financial transactions within the G/L.
3. Asset Accounting
Asset Accounting involves managing and monitoring fixed assets within SAP S/4HANA. Important areas to focus on include:
- Asset Master Data: Creation and maintenance of asset master records.
- Asset Transactions: Handling acquisitions, retirements, transfers, and asset adjustments.
- Depreciation: Understanding depreciation methods, calculations, and posting depreciation entries.
4. Accounts Payable and Accounts Receivable
Accounts Payable (AP) and Accounts Receivable (AR) are essential components of financial accounting in SAP. Key areas include:
- Vendor and Customer Management: Creation and management of vendor and customer accounts.
- Invoice Processing: Proficiency in processing vendor invoices and customer invoices.
- Payment Processing: Handling payment runs, managing open items, and processing incoming and outgoing payments.
5. Financial Closing
Financial Closing is a critical process for generating accurate financial statements. Important topics include:
- Period-End Closing: Steps involved in closing periods in financial accounting.
- Reconciliation: Ensuring the accuracy of financial data through reconciliations.
- Financial Statements: Generation of balance sheets, profit and loss statements, and other financial reports.
6. Financial Reporting
Financial Reporting in SAP S/4HANA involves generating comprehensive and accurate financial reports. Key topics include:
- Reporting Tools: Familiarity with various SAP reporting tools such as SAP Fiori and SAP GUI.
- Report Configuration: Setting up and customizing financial reports to meet business requirements.
- Analytical Reporting: Using analytical tools to provide insights into financial performance.
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