SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting

Question 1

On which levels do you define FI-AA account determination? Note: There are 2 correct answers to this question.

A. Client

B. Company code

C. Chart of depreciation

D. Chart of accounts

Correct Answer: C,D

Question 2

Where can you see the matching results from the Intercompany Matching Reconciliation tool?

A. In the Accounting Document Segment table (BSEG)

B. In the Consolidation Journal table (ACDOCU)

C. In the Universal Journal table (ACDOCA)

D. In an application specific table (ICADOCM)

Correct Answer: B

Question 3

As a pre-closing activity selected suppliers are to confirm their balances.
Which confirmation procedure do you use when a response is expected only in case of discrepancies?

A. Balance notification

B. Account statement

C. Balance request

D. Balance confirmation

Correct Answer: A

Question 4

The SAP Business Network helps customers digitalize cross-company business processes.
On which solutions does the network build? Note: There are 3 correct answers to this question.

A. Human Capital Management

B. Sales

C. Procurement

D. Travel

E. Contingent Workforce

Correct Answer: C,D,E

Question 5

What is the role of the valuation method in the foreign currency valuation? Note: There are 3 correct answers to this question.

A. Define the valuation procedure

B. Define the document type for the valuation posting

C. Define the posting reversal date for the valuation posting

D. Determine the exchange rate type

E. Determine the G/L accounts for the valuation posting

Correct Answer: A,B,D

Question 6

What are some SAP recommended guiding principles to achieve clean core operations? Note: There are 3 correct answers to this question.

A. Establish release management.

B. Establish regular housekeeping tasks procedures.

C. Define roles responsibilities as part of a process transformation office.

D. Integrate clean core practices in the end-to-end value process chain.

E. Establish an organizational structure technical foundation transformation methodology for clean core.

Correct Answer: A,C,E

Question 7

You want to post depreciation costs of one asset to two cost centers.
How do you do this?

A. You assign a statistical order in the asset master data which you settle periodically to two cost centers.

B. You assign two real cost centers in the asset master data.

C. You assign a real internal order in the asset master data which you settle periodically to two cost centers.

D. You assign a real cost center a statistical cost center in the asset master data.

Correct Answer: C

Question 8

You have cleared a customer open item but want to undo this action.
What are the available options? Note: There are 2 correct answers to this question.

A. Reverse the clearing document

B. Reset the clearing document

C. Repost the clearing document

D. Reset reverse the clearing document

Correct Answer: A,D

Question 9

Your company follows IFRS accounting principles needs to issue a full financial statement for its two main divisions "Consumer Products" & "Professional Products".
What do you need to achieve segment reporting in this scenario? Note: There are 3 correct answers to this question.

A. Segments

B. Profit centers

C. Business areas

D. Document splitting

E. Profitability segments

Correct Answer: A,B,C

SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting - C-P2WFI-2023 Exam Practice Test

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