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SAP P_S4FIN_2023 Practice Test Questions Answers

Exam Code: P_S4FIN_2023 (Updated 80 Q&As)
Exam Name: SAP Certified Professional - SAP S/4HANA Cloud Private Edition, Financials for SAP ERP
Last Update: 27-Mar-2025
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Questions Include:

  • Single Choice: 39 Q&A's
  • Multiple Choice: 41 Q&A's

  • P_S4FIN_2023 Overview

    SAP P_S4FIN_2023 Exam Overview

    Category Details
    Certification Name SAP P_S4FIN_2023 – SAP Certified Professional: Financial Accounting with SAP S/4HANA
    Target Audience Financial professionals, consultants, and SAP specialists who work with SAP S/4HANA financial accounting solutions.
    Purpose Validates advanced knowledge and skills required to configure and manage financial accounting processes in SAP S/4HANA, including integration with other business processes.
    Exam Duration 180 minutes
    Number of Questions 80 multiple-choice questions
    Passing Score 63% (approximately 50 correct answers out of 80)
    Exam Format Multiple-choice questions
    Exam Delivery Online (via SAP’s exam portal or Pearson VUE)
    Exam Cost $599 (USD)
    Languages Available English
    Prerequisites Recommended: Knowledge of financial accounting processes, previous experience with SAP S/4HANA or relevant SAP Financial Accounting training.
    Key Topics Covered 1. Financial Accounting Integration with SAP S/4HANA
    2. Financial Accounting Configuration
    3. Master Data Management
    4. Accounts Payable and Accounts Receivable
    5. Financial Reporting
    6. SAP S/4HANA Features and Functions
    Preparation Resources 1. SAP Training: Financial Accounting with SAP S/4HANA
    2. SAP Learning Hub
    3. SAP Documentation
    4. Practice exams
    5. Hands-on experience with SAP S/4HANA
    Validity Period 3 years (requires recertification after expiration)
    Retake Policy Candidates can retake the exam after 14 days if they do not pass.

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    SAP P_S4FIN_2023 Exam Topics Breakdown

    Domain Weight (%) Topics Covered
    1. Financial Accounting Integration with SAP S/4HANA 15% - Integration of Financial Accounting with other business areas
    - Core components and architecture of SAP S/4HANA financial processes
    2. Financial Accounting Configuration 20% - Configuration of financial accounting processes (e.g., General Ledger, Taxation, and Accounting)
    - Customizing company codes and fiscal year settings
    3. Master Data Management 15% - Managing and maintaining master data in SAP S/4HANA
    - Configuration and integration of customers, vendors, and materials master data
    4. Accounts Payable and Accounts Receivable 20% - Configuration and processing of accounts payable and receivable
    - Managing payment runs, dunning, and account maintenance
    5. Financial Reporting 20% - Configuring and generating financial reports (e.g., balance sheets, profit and loss statements)
    - Using SAP Fiori for reporting and analytics
    6. SAP S/4HANA Features and Functions 10% - Advanced features of SAP S/4HANA in financial accounting
    - Utilizing SAP Fiori and SAP S/4HANA capabilities to streamline processes

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    SAP P_S4FIN_2023 Exam Dumps FAQs

    The SAP P_S4FIN_2023 exam is a certification exam for professionals aiming to validate their knowledge and skills in SAP S/4HANA Finance. This exam is specifically designed for individuals who work with the financial accounting and controlling modules in SAP S/4HANA, focusing on the integration and implementation of financial processes and functions within the system.

    The SAP P_S4FIN_2023 exam is ideal for professionals working as:

    • SAP S/4HANA Finance Consultants
    • SAP Financial Accountants
    • SAP Functional Consultants with expertise in financial processes
    • SAP Implementation Consultants
    • Professionals looking to advance their careers by obtaining certification in SAP S/4HANA Finance.

    It is recommended that candidates have a background in finance or accounting and experience working with SAP S/4HANA finance applications.

    The P_S4FIN_2023 exam covers a wide range of topics related to financial accounting and controlling within the SAP S/4HANA environment. The key topics include:

    • Financial Accounting (FI): Overview of financial accounting concepts, general ledger, accounts payable, accounts receivable, asset accounting, and financial closing in SAP S/4HANA.
    • Management Accounting (CO): Cost center accounting, internal orders, profitability analysis, and product costing in SAP S/4HANA.
    • Integration with Other Modules: How SAP S/4HANA Finance integrates with other SAP modules like Materials Management (MM), Sales and Distribution (SD), and Controlling (CO).
    • Data Migration and Reporting: Tools and strategies for migrating financial data into SAP S/4HANA, and reporting techniques using tools like Fiori and SAP Analytics Cloud.
    • Financial Closing and Period-End Process: Managing financial periods, closing activities, and financial reporting.
    • SAP S/4HANA New Features for Finance: Understanding the new features introduced in the latest version of SAP S/4HANA, including innovations in financial management, analytics, and automation.

    The P_S4FIN_2023 exam consists of multiple-choice questions (MCQs) and multiple-response questions. These questions are designed to assess both theoretical knowledge and practical skills in SAP S/4HANA Finance processes. The exam is scenario-based and may require you to apply your knowledge to real-world business scenarios.

    There are no strict prerequisites for the P_S4FIN_2023 exam. However, it is highly recommended that you have:

    • Practical experience in SAP S/4HANA Finance or a similar ERP system.
    • A foundational understanding of financial accounting, management accounting, and financial reporting processes.
    • Prior experience working in roles such as SAP Finance Consultant, SAP Functional Consultant, or similar.
    • Completion of relevant SAP S/4HANA Finance training or courses.

    The P_S4FIN_2023 exam is 180 minutes (3 hours) long. You need to complete all the questions within this time frame.

    The passing score for the SAP P_S4FIN_2023 exam is typically 65-70%, though SAP does not officially disclose the exact passing percentage. To pass, you must correctly answer a sufficient number of questions to meet the required score.

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