SAP P_S4FIN_2021: SAP Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Finance Experts (SAP S/4HANA 2021)

As an SAP (P_S4FIN_2021)Certified Application Professional – SAP S/4HANA for SAP ERP Finance Experts you will be able to validate your skills and knowledge in the preparation, setup, and direction of a project for Financials in SAP S/4HANA. SAP P_S4FIN_2021 certifies the candidate’s overall knowledge and skills needed to supervise a Financials team in SAP S/4HANA, proving that he/she has this understanding.

Exam Format and Details

Exam Name SAP Certified Application Professional -Financials in SAP S/4HANA for SAP ERP Finance Experts(SAP S/4HANA 2021)	Exam Code P_S4FIN_2021
Exam Duration 180 mins	Exam Format Multiple Choice and Multi-Response Questions
Exam Type Professional	Number of Questions 80 Questions
Eligibility/Pre-Requisite NIL	Exam Fee $165 USD
Exam Language English	Pass Score 55% and above

Exam Registration Process

To register for the P_S4FIN_2021 Certification Exam, follow the below-mentioned steps –

Buy a subscription to Certification Hub by booking “CER006-Certification Hub” in the SAP Training Shop
After this, an invoice with the payment instructions will be sent to the invoice recipient that you have specified
Schedule your exam within the Certification Hub after your subscription gets confirmed

Exam Retake Policy

The SAP global certification exam can be taken up to three times. If any candidate fails to pass the exam even after 3 attempts, he/she needs to re-register for the next release of the exam. And if the candidate still fails to pass the next release after three attempts then, he/she will not be able to retake the exam until the next edition is released that is within one year.

Exam Cancellation Policy

Any candidate can cancel or reschedule an exam in Certification Hub by using the calendar icon in the “Exam Appointments/ Upcoming Appointments” section. The candidate is required to cancel or reschedule the exam at least 24 hours before the scheduled appointment date and time. If any candidate misses the SAP Global Certification exam appointment and does not cancel or reschedule within 24 hours prior to the start date and time of the exam, the appointment will be regarded as an exam attempt.

Re-certification Policy

The SAP Global Certifications are valid for the two most recent solution releases. In order to maintain the SAP Global Certification for any specific SAP solution, a candidate is required to pass delta or stay current assessments as and when a newer version of a solution gets released.

Steps to take the test

When the time for your appointment arrives-

Log in to the SAP Certification Hub from the SAP Training Shop.
To begin, go to the Exam Appointments menu and select “start exam.”
The proctor will inspect your exam environment before releasing the exam.

For More Details Check: SAP P_S4FIN_2021 – SAP S/4HANA for SAP ERP Finance Experts FAQ

Course Outline

The P_S4FIN_2021 – SAP S/4HANA for SAP ERP Finance Experts Exam covers the following topics –

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

Learn to Run pre-conversion tests, perform customer-vendor integration
Learn to customize FI (including asset accounting) and CO for conversion

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

Learn to prepare views and master data for conversion and the conversion of transactions, the conversion of balances, and the post-conversion activities.

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

Learn the technical components and architecture of financials in SAP S/4HANA
Learn the Universal Journal Architecture, and analyze the Universal Journal Entry
Learn to outline the Simple Finance Solution.

Domain 4 – Understand Financial Accounting Configuration in SAP S/4HANA (> 12%)

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

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

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

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

Learn to outline the features of the new Asset Accounting
Learn to compare the types of Asset Accounting (new, classic)
Learn to configure new Asset Accounting
Learn the new Asset Accounting posting logic
Learn to perform day-to-day activities in new Asset Accounting and period-end closing in new Asset Accounting.

Domain 7 – Basics of SAP HANA, SAP S/4HANA, and SAP Fiori (< 8%)

Learn the SAP HANA Architecture
Learn the SAP S/4HANA solution and deployment
Learn about SAP Fiori and the SAP UI strategy.

Preparation Guide for P_S4FIN_2021 – SAP Certified Application Professional Exam

Upon reviewing this Preparation Guide, you will gain a better understanding of SAP P_S4FIN_2021 exam objectives, understand the exam pattern, and strategize your preparation accordingly. A list of resources along with the exam requirements is provided along with an explanation of the exam domains. This preparatory guide will help you pass the exam without any hassle.

Learning Resource 1 – Get Familiar with the Exam Objectives

Studying the course outline thoroughly is important if you want to pass the SAP P_S4FIN_2021 exam. In order to avoid missing out on any important information, you must understand all topics covered in the syllabus.

Domain 1 – Understand System Preparation and Configuration for Conversion of Financials in SAP S/4HANA (> 12%)
Domain 2 – Understand Conversion and Post-conversion Activities for Financials in SAP S/4HANA (> 12%)
Domain 3 – Understand Architecture Overview of Financials in SAP S/4HANA (> 12%)
Domain 4 – Understand Financial Accounting Configuration in SAP S/4HANA (> 12%)
Domain 5 – Understand Management Accounting Configuration in SAP S/4HANA (> 12%)
Domain 6 – Understand Asset Accounting Configuration in SAP S/4HANA (8% – 12%)
Domain 7 – Basics of SAP HANA, SAP S/4HANA, and SAP Fiori (< 8%)

Learning Resource 2 – Self-Paced Learning

You will receive personalized support from SAP consultants, project team members, support professionals, end users, and power users through the self-paced SAP curriculum.

Learning Resource 3 – SAP E-Academy

Through SAP E-Academy, learners gain expertise in SAP solutions areas and prepare for SAP certification exams. The SAP training system allows students to work on exercises, view demonstrations, and access help desk support as part of their SAP training experience. Besides web conferences and instructor sessions, they can also access course manuals online.

Learning Resource 4 – SAP Learning Hub

The SAP Learning Hub includes a wide range of learning resources, such as social and collaborative forums. Moreover, pre-configured training systems can be used in real-world scenarios as well. Learners receive a variety of resources throughout the program and also expert guidance as they feel necessary, and the content is self-paced and accessible according to their schedule.

Online forum – A Multi-hub for Preparation

As test-takers prepare for their exams, online forums, communities, and groups serve as valuable resources to share resources and provide one another with assistance. Online forums can be used for many things; they are places to store notes, libraries to store books, places to encourage each other, places to find tips and tricks, places to find entertaining, engaging content.

Evaluate yourself with Practice Tests

Practice makes perfect, so the more you prepare for an exam, the better you’ll perform. Taking practice tests and studying regularly can help you improve your memory and concentration. In the actual test, you will be able to apply this knowledge, allowing you to pay attention to the subject matter and finish the test in a timely manner. Therefore it becomes important to be thorough and take as many practice tests as possible so that you will not have anything to worry about during the SAP P_S4FIN_2021 exam.