- The “SAP Certified Application Associate – SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021)” certification exam verifies that the candidate possesses fundamental knowledge and proven skills in the area of SAP S/4HANA Financial Accounting. It tests that the candidate has a good overall understanding within this consultant profile and can implement this knowledge practically in projects under the guidance of an experienced consultant. It is recommended as an entry-level qualification to allow consultants to get acquainted within Financial Accounting projects. This certificate is the ideal starting point for a professional career as a Financial Accounting consultant on SAP S/4HANA. If experience in SAP implementation projects of Financial Accounting are added over years, a professional career can be validated by taking a second exam: “SAP Certified Application Professional – Financials in SAP S/4HANA for SAP ERP Financials experts”. This certification exam is relevant for SAP S/4HANA Cloud, private edition and SAP S/4HANA on-premise.
Contents
Notes
- To ensure success, SAP recommends combining education courses and hands-on experience to prepare for your certification exam as questions will test your ability to apply the knowledge you have gained in training.
- You are not allowed to use any reference materials during the certification test (no access to online documentation or to any SAP system).
What is SAP HANA 1909?
The S/4HANA 1909 facilitates the flow of sales documents in the sales and distribution module. This latest functionality enhances the effectiveness of the sales procedure by generating workflow for credit memo requests, as well as sales quotations and orders. Moreover, this feature enables users to view and manage approval displays within their personal inbox.
– The S/4HANA 1909 streamlines sales document workflows.
– It improves efficiency by automating processes for credit memo requests, sales quotations, and orders.
– Users can conveniently access and handle approval displays through their inbox.
Topic Areas
Below is a compilation of subjects that might be included in the Sap S 4Hana Finance 1909 Certification, along with the corresponding courses that address them.
Its accuracy does not constitute a legitimate claim; SAP reserves the right to update the exam content (topics, items, weighting) at any time.
Execute month and year-end finalization tasks in Financial Accounting (such as assessing exchange rates, recording provisions, etc.), generate balance sheets, produce profit and loss statements, oversee closing activities through the Financial Closing Cockpit tool, record accruals using accrual documents and recurring entry documents, and manage posting periods.
Develop and manage depreciation charts, asset classes, and asset master data in the SAP system. Configure and execute FI-AA business processes effectively. Establish valuation and depreciation methods, carry out regular closing procedures, and understand parallel accounting configuration.
Organizational assignments and process integration play a crucial role in the implementation of SAP S/4HANA Finance 1909 certification. These aspects are essential for ensuring smooth operations and seamless integration within an organization. Properly assigning roles, responsibilities, and tasks to individuals or departments helps streamline processes and maximize efficiency. Additionally, integrating various business processes across different functional areas enables better coordination and collaboration among teams. Overall, organizational assignments and process integration contribute significantly to the successful adoption of SAP S/4HANA Finance 1909 certification by organizations in India.
Administer Organizational Units, currencies, set up Validations and Document Types, make use of Reporting Tools, configure Substitutions, and oversee Number ranges.
Elaborate on the structure of SAP HANA and outline the extent and choices available for deploying SAP S/4HANA.
What is the price of SAP Finance certification in India?
The cost of getting certified in SAP FICO (Finance and Controlling) can vary in India. It depends on where you receive the training and what level of certification you are aiming for. Different training providers may have different prices.
Remember that this is just an average estimate, so there might be some courses available at lower or higher costs as well. The final price will depend on factors such as the duration of the course, study materials provided, and any additional support offered by the training provider.
General Information
The Certification Hub offers Cloud Certifications for all SAP consultant certifications. These certifications can be booked using the product code CER006. With CER006 – SAP Certification in the Cloud, you have the flexibility to take up to six exam attempts of your choosing within a year, at your convenience and from any location. You can select and book test dates individually according to your preference.
Each specific certification comes with its own set of preparation tactics. We define them as “Topic Areas” and they can be found on each exam description. You can find the number of questions, the duration of the exam, what areas you will be tested on, and recommended course work and content you can reference.
Certification exams may include ungraded items that are being evaluated for future exam versions. These ungraded items are randomly spread out among the certification topics and do not contribute to the final score. The total number of items in an exam, as mentioned in the Training Shop, remains unchanged even when ungraded items are included.
Please be aware that the professional- level certification also requires several years of practical on-the-job experience and addresses real-life scenarios.
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SAP S4 Hana Finance Salary
The salary range for SAP S4 Hana Finance Consultants in India varies from ₹ 4.3 Lakhs to ₹ 18.0 Lakhs, with an average annual salary of ₹ 10.0 Lakhs. These estimates are based on the latest salaries received from 187 professionals working in this field, who have experience ranging from 3 to 11 years.
SAP S4 Hana Finance Consultants play a crucial role in implementing and managing financial processes within organizations using the SAP S/4HANA platform. They are responsible for analyzing business requirements, designing financial solutions, configuring system settings, and providing ongoing support and maintenance.
In terms of compensation, the salary range reflects the varying levels of experience and expertise among SAP S4 Hana Finance Consultants in India. Those with less experience or entry-level positions may earn around ₹ 4.3 Lakhs per year, while those with more seniority or specialized skills can command salaries as high as ₹ 18.0 Lakhs annually.
Release date of SAP 1909
SAP S/4HANA 1909, also known as September 2019 release, is a significant update in the SAP S/4HANA Finance certification. This latest version brings several enhancements and new features to improve financial processes and streamline business operations. With its advanced capabilities, SAP S/4HANA Finance 1909 offers organizations an opportunity to optimize their financial management systems.
One of the key highlights of SAP S/4HANA Finance 1909 is the integration of machine learning technology into finance processes. This enables intelligent automation and predictive analytics for better decision-making. The system can now automatically match incoming payments with open invoices, reducing manual effort and improving accuracy. Additionally, it provides real-time insights into cash flow forecasting and liquidity planning.
Updates in s4 HANA 1909
The SAP S/4HANA 1909 release brings several new processes to enhance the functionality of the system. One of these is Predictive Material Requirements Planning (MRP), which helps businesses optimize their inventory management by predicting future material requirements based on historical data and demand patterns. This feature enables companies to plan their procurement and production activities more efficiently, reducing costs and improving customer satisfaction.
Another significant addition in this release is Product Compliance, which ensures that organizations adhere to regulatory standards and guidelines while manufacturing or selling products. It helps businesses manage product-related information such as safety data sheets, compliance certificates, and legal requirements across different regions or countries. By automating compliance processes, companies can minimize risks associated with non-compliance and maintain a good reputation in the market.
In terms of financial reporting and planning capabilities, Group Reporting has been enhanced in this release to address inter-company reconciliation and matrix consolidation challenges faced by multinational corporations. This feature allows for seamless integration of financial data from various subsidiaries or business units into a consolidated view for better decision-making at an organizational level.
Furthermore, SAP Analytics Cloud now offers integrated financial planning functionalities within the S/4HANA environment. This empowers finance professionals to perform budgeting, forecasting, scenario analysis using advanced analytics tools directly within the ERP system itself. The integration between SAP Analytics Cloud and S/4HANA Finance enables faster insights generation from financial data for informed decision-making across all levels of an organization.
