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

Question 1

Which currency types are defaulted in SAP S/4HANA? Note: There are 2 correct answers to this question.

A. 30 = Group currency

B. 10 = Company code currency

C. 00 = Document currency

D. 20 = Controlling area currency

Correct Answer: B,C

Question 2

You want to assign your 3 newly created company codes to the same controlling area.
Which settings must be common to all the company codes? Note: There are 2 correct answers to this question.

A. Operating chart of accounts

B. Source currency for group currency

C. Posting period variant

D. Fiscal year variant

Correct Answer: A,D

Question 3

Which of the following currency types can be defined for a specific ledger? Note: There are 3 correct answers to this question.

A. 30 = Group currency

B. 10 = Company code currency

C. 00 = Document currency

D. 60 = Global company currency

E. 40 = Hard currency

Correct Answer: A,B,D

Question 4

At which levels do you choose between direct indirect quotations? Note: There are 2 correct answers to this question.

A. Country

B. Exchange rate type

C. Client

D. Company code

Correct Answer: B,C

Question 5

You have activated the WBS Element (not related to Investment Management) as an account assignment for asset accounting with the parameters "balance sheet" "identical" active.
What are the consequences? Note: There are 2 correct answers to this question.

A. The WBS Element can no longer be changed in the asset master record once the asset is capitalized.

B. The WBS Element cannot be used anymore for settlement.

C. The WBS Element from the asset master data can be changed during planned depreciation posting.

D. The WBS Element is available for input in the asset master record.

Correct Answer: C,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. Integrate clean core practices in the end-to-end value process chain.

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

C. Establish regular housekeeping tasks procedures.

D. Establish release management.

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

Correct Answer: B,D,E

Question 7

You post an incoming payment from a customer with a residual item for a payment difference.
What are the consequences? Note: There are 2 correct answers to this question.

A. Both the original open item the residual item remain on the account as open items.

B. The residual item is written off to a cost account.

C. The original document the payment are cleared.

D. The residual item becomes a new receivable.

Correct Answer: A,D

Question 8

Which parameters can you configure on the dunning level? Note: There are 2 correct answers to this question.

A. Line item grace period

B. Interest indicator

C. Days in arrears

D. Payment deadline

Correct Answer: C,D

Question 9

What are characteristics of depreciation area 01? Note: There are 2 correct answers to this question.

A. It must always post in real time.

B. It must be linked to leading ledger OL.

C. It cannot take over values from other areas.

D. It must be defined as a cost accounting valuation area type.

Correct Answer: A,D

Welcome to TestSimulate

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