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

1. 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) The residual item is written off to a cost account.
B) The residual item becomes a new receivable.
C) The original document the payment are cleared.
D) Both the original open item the residual item remain on the account as open items.

2. What separates the leading ledger from other parallel stard ledgers?

A) It is used to represent the group valuation.
B) It doesn't derive values from other ledgers.
C) It is assigned to all company codes.
D) It is used for performing segment reporting.

3. 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) Source currency for group currency
B) Fiscal year variant
C) Operating chart of accounts
D) Posting period variant

4. 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 is available for input in the asset master record.
B) The WBS Element can no longer be changed in the asset master record once the asset is capitalized.
C) The WBS Element cannot be used anymore for settlement.
D) The WBS Element from the asset master data can be changed during planned depreciation posting.

5. You are implementing the Financial Closing Cockpit for your organization.
What are the advantages of defining task groups? Note: There are 2 correct answers to this question.

A) It allows cross task list execution of tasks.
B) It allows cross template maintenance.
C) It allows cross task list monitoring of task status.
D) It covers multiple companies with same or similar tasks.

Solutions: